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2003 Press Releases
   
 
12/16/2003  Florida Housing Finance Corporation Creates New Department in Asset Management
TALLAHASSEE — Florida Housing Finance Corporation’s (Florida Housing) Executive Director Orlando Cabrera has created a new department to handle the Corporation’s expanding portfolio and large number of loans due to mature over the next several years. (...read more)
 
12/10/2003  Section 8 Bond Refinancing Receives Standard and Poors BBB-Rating
Tallahassee — In only the second transaction of its kind in the country, top ratings firm Standard & Poor’s has given a BBB-rating to the $8.1 million refinancing of the neighboring Section 8 properties Cutler’s Glen and Cutler’s Meadows. (...read more)
 
12/9/2003  Orlando Cabreras Response To Sarasota Herald Tribune Letter
Dear Mr. Tyron: The “Herald Tribune” published a letter by Ms. Sandy Baar dated November 11, 2003 that was entitled “Review Use of Housing Funds.” The letter argued that the Florida Legislature should ensure Florida Housing Finance Corporation (Florida Housing) “does a better job of making sure the housing units developed go to the people who need it most, those with incomes below $15,000.” I want to point out that affordable housing needs exist for Floridians well beyond those earning less than $15,000 per year. (...read more)
 
11/24/2003  Orlando Cabreras Response to Naples Daily News Article on Location A
Dear Editor: Janine A. Zeitlin’s Wednesday, September 24 article entitled: “Bonita Seeks to Stop State of Classifying Area as Overbuilt on Affordable Housing” inaccurately describes Florida Housing Finance Corporation’s (Florida Housing) current proposal. (...read more)
 
11/14/2003  Multifamily Bonds Recent Closings Bring Over 1,000 Units to Three Counties
TALLAHASSEE -- Florida Housing Finance Corporation’s Multifamily Mortgage Revenue Bond program (MMRB) recently closed on four bond loans for affordable housing in three Florida counties. (...read more)
 
9/22/2003  Florida Housing Provides Up To $2.5 Million for Housing for Domestic Violence Victims
TALLAHASSEE — Florida Housing Finance Corporation (Florida Housing) today issued a request for proposals (RFP), making up to $2.5 million available for transitional housing for victims of domestic violence. (...read more)
 
9/10/2003  Florida Housing Closes Five Multifamily Bond Loans Statewide
TALLAHASSEE — Florida Housing Finance Corporation’s Multifamily Mortgage Revenue Bond program (MMRB) recently closed on five bond loans for affordable housing in four Florida counties. (...read more)
 
9/4/2003  Florida Housing to Co-host Tallahassee Homebuyer Showcase
TALLAHASSEE — Big Bend area residents in the market for purchasing their first homes shouldn’t miss the upcoming Homebuyer Showcase at the Leon County Civic Center this Saturday, September 6, from 10:00 a.m. to 2:00 p.m. Florida Housing Finance Corporation (Florida Housing) and the Tallahassee Lenders’ Consortium are co-hosting the event, which promises to provide a wealth of information on the home-buying process, including details on state and local down payment assistance programs, low-interest mortgages for first time homebuyers, homes for sale in the area, the loan pre-qualification process and lots more. (...read more)
 
7/22/2003  Lynn Stulz Named New At-Large Representative
Tallahassee — Governor Jeb Bush recently appointed Lynn M. Stultz as an At-Large Representative on Florida Housing Finance Corporation’s Board of Directors. (...read more)
 
6/18/2003  Florida Housing Makes $50 Million Available for First Time Homebuyers
TALLAHASSEE — Florida Housing Finance Corporation (Florida Housing) is making $50 million in mortgages available statewide through its First Time Homebuyer Program at a 30-year fixed interest rate of 5.68 percent. The interest rate in targeted areas such as HOPE VI communities, Urban Infill areas, Rural Areas and Front Porch Florida communities is fixed at 4.99 percent. (...read more)
 
6/4/2003  Single Family Bonds Receive Aa2 Rating
TALLAHASSEE, FL – The Florida Housing Finance Corporation’s (Florida Housing) $50 million Homeowner Mortgage Revenue Bonds 2003 Series 1 and 2 received a rating of Aa2 with a stable outlook from Moody’s Investors Service. These 2003 Series 1 and 2 bond proceeds will be used to purchase Ginne Mae, Fannie Mae and/or Freddie Mac-guaranteed mortgage-backed securities backed by pools of qualifying mortgage loans. (...read more)
 
4/10/2003  Florida Housing Participates in Congressional Housing Summit
TALLAHASSEE — Florida Housing, along with the state’s realty and banking industries and other affordable housing advocates, joined members of Florida’s Congressional Black Caucus at the “Raising the Roof: Home Buying Strategies for the 21st Century” summit held in Orlando in late March. (...read more)
 
3/17/2003  Florida Housing Hosts Homeownership Loan Program Workshops
TALLAHASSEE — The Florida Housing Finance Corporation will host application workshops on the Homeownership Loan Program during the month of April. These workshops will provide a general overview of the program as well as detailed information on how to avoid mistakes that prevent applicants from qualifying. (...read more)
 
3/13/2003  Florida Housing Board Names New Chair, Vice Chair
TALLAHASSEE — With Orlando Cabrera vacating his position as Chairman of Florida Housing's Board of Directors to become the Corporation's executive director, Cesar Calvet and Terry Santini have become the Board's new Chair and Vice-Chair, respectively . (...read more)
 
1/27/2003  Orlando Cabrera Named Executive Director of Florida Housing Finance Corporation
TALLAHASSEE – Miami attorney Orlando Cabrera was named executive director of the Florida Housing Finance Corporation on Friday, January 24, 2003. The Florida Housing Finance Corporation is the public corporation responsible for administering single family and multifamily affordable housing programs throughout the State. (...read more)
 

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