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2003-026
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2003-026
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14. SHIP funds will not be pledged for debt service on bonds or as <br />rent subsidies.- <br />15. <br />ubsidies: <br />15. Developers receiving assistance from -both SHIP and the Low <br />Income Housing Tax Credit (LIHTC) program shall comply with <br />the income, affordability and other LIHTC program <br />requirements, similarly, any units receiving assistance from <br />other federal programs shall comply with all Federal and SHIP <br />program requirements. <br />16. Loans shall be provided for periods not exceeding 30 years, <br />except for deferred payment loans or loans that extend beyond <br />30 years which continue to service eligible persons. <br />17. Rental units constructed or rehabilitated with SHIP funds <br />shall be monitored at least annually for 15 years for <br />compliance with tenant income requirements and affordability <br />requirements or as required in Section 420.9075(3)(e). <br />18. The Plan meets the requirements of Section 420-907-9079 FS, <br />and Rule Chapter 67-37, F.A.C., and how each of those <br />requirements shall be met. <br />19. The provisions of Chapter 83-220, Laws of Florida have been <br />implemented. <br />Witness ief Elected,Official or Designee <br />Commissioner Kenneth R. Macht, <br />Chairman <br />Board of County Commissioners <br />Type Name and Title <br />Witness <br />BCC Approved: March 11, 2003 <br />Date <br />OR <br />Attest:J.K. Barton <br />Clerk.of Circuit Court <br />(Seal) <br />F:\Community Development\Users\VICKIE\HOUSING\LHAPDOCS\HAPLAN2003-2006.TRN.doc <br />M. <br />
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