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A construction-to-permanent loan — also known as a one-time, single-close or construction-perm loan — is a type of mortgage for those building a home. It funds the purchase of land and the ...
Whether fees can be paid in lieu of building inclusionary housing. Fees-in-lieu allow a developer to "buy out" of an inclusionary housing obligation. This may seem to defeat the purpose of inclusionary zoning, but in some cases the cost of building one affordable unit on-site could purchase several affordable units off-site.
Miami-Dade County was the first in Florida to certify hurricane-resistant standards for structures which the Florida Building Code subsequently enacted across all requirements for hurricane-resistant buildings. Many other states reference the requirements set in the Florida Building codes, or have developed their own requirements for hurricanes ...
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Florida State Tax Information. Below is a list of tax rates you could expect to pay on average in Florida. Type of Tax. Tax Rate Range. General sales tax. 6%. State income tax. 0%.
The rest of the loan's balance (called "holdback") [1] is given to the builder upon the achievement of certain milestones related to the sale or lease of its residential space. [2] For example, a bank may advance 80% of the balance of a property loan to the builder, and release the remaining 20% upon the successful construction lease or sale of ...
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