Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2006 Florida Statutes

SECTION 631
Definitions relating to Urban Homesteading Act.
Section 420.631, Florida Statutes 2006

420.631  Definitions relating to Urban Homesteading Act.--As used in ss. 420.630-420.635:

(1)  "Authority" or "housing authority" means any of the public corporations created under s. 421.04

(2)  "Department" means the Department of Community Affairs.

(3)  "Homestead agreement" means a written contract between a local government or its designee and a qualified buyer which contains the terms under which the qualified buyer may acquire a single-family housing property.

(4)  "Local government" means any county or incorporated municipality within this state.

(5)  "Designee" means a housing authority appointed by a local government, or a nonprofit community organization appointed by a local government, to administer the urban homesteading program for single-family housing under ss. 420.630-420.635.

(6)  "Nonprofit community organization" means an organization that is exempt from taxation under s. 501(c)(3) of the Internal Revenue Code.

(7)  "Office" means the Office of Urban Opportunity within the Department of Community Affairs.

(8)  "Qualified buyer" means a person who meets the criteria under s. 420.633

(9)  "Qualified loan rate" means an interest rate that does not exceed the interest rate charged for home improvement loans by the Federal Housing Administration under Title I of the National Housing Act, ch. 847, 48 Stat. 1246, or 12 U.S.C. ss. 1702, 1703, 1705, and 1706b et seq.

History.--s. 23, ch. 99-378; s. 23, ch. 2004-243.