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Office of Program Policy Analysis and Government Accountability

The Florida Housing Finance Corporation Could Improve Its Tax Credit Allocation Process and Develop Better Performance Measures, Report No. 12-10, November 2012
 
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  • The Florida Housing Finance Corporation’s board and executive director, the Governor, and the Legislature have roles in overseeing and directing corporation programs and staff. We found no compelling reason to change the current governance structure. However, to expand its role and enhance communication with the corporation, the Legislature could consider amending state law to provide for board appointments by the President of the Senate and the Speaker of the House of Representatives.
  • A major focus of the corporation’s decision making is distributing federal low-income housing tax credits for affordable rental housing developments. To address concerns about the process, we suggest that the corporation consider reducing the frequency of rule development workshops; revising the time allowed for applicants to identify problems with each other’s projects; and increasing the emphasis on considering market feasibility and project costs.
  • Most of the corporation’s performance measures provide information on program outputs rather than program outcomes or cost-effectiveness. To enhance the quality and utility of the data the corporation reports, the Legislature could consider expanding the statutorily required performance measures.

Which Government Program Summaries contain related information?

Community Development
Florida Housing Finance Corporation

What other OPPAGA-related materials are available?

  • Report No. 09-16S Sunset Review: Florida Housing Finance Corporation Advisory Committees Assessment,published January 2009
  • Report No. 09-15S Sunset Review: Florida Housing Finance Corporation Overview, published in January 2009

Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
e-mail address: oppaga@oppaga.fl.gov


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