Responsibilities: In accordance with Part IV of Chapter 159, F.S. and Marion County Ordinance 80-3, encouragement of investment by private enterprise & the stimulation of construction & rehabilitation of housing through the use of public financing & the provision of low-cost loans to purchase affordable housing; i.e., to consider the financing acquisition, construction, & rehabilitation of housing in Marion County.

The authority shall be composed of five members, one of whom shall be designated chairman. 

• No fewer than three members shall be knowledgeable in one of the following fields: labor, finance, or commerce. 
• The terms of the members shall be staggered with each member serving a four-year term. 
• A member shall hold office until his success or has been appointed & has qualified. 
• Each vacancy shall be filled for the remainder of the unexpired term.

Each member of the authority shall take & subscribe the oath or affirmation required by the State Constitution.