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INDIAN RIVER, MARTIN, AND ST. LUCIE COUNTIES INTERLOCAL AGREEMENT CONCERNING HUD HOME INVESTMENT PARTNERSHIP ACT PROGRAM CONSORTIUM THIS INTERLOCAL AGREEMENT is made and entered into by and between Indian River, Martin and St. Lucie Counties, political subdivisions in the State of Florida, hereinafter referred to as "Counties". WHEREAS, the National Affordable Housing Act of 1990 authorized the HOME Program to provide financial assistance through the U.S. Department of Housing and Urban Development, hereinafter referred to as "HUD", to local governments for the production of affordable housing; and WHEREAS, the Counties wish to receive funds through the HOME Program for the • purpose of increasing the availability of affordable housing for their respective and mutual residents; and WHEREAS, the HOME Investment Partnerships Act authorized a consortium of geographically contiguous units of general local government for the purpose of becoming a participating jurisdiction in the HOME Program; and WHEREAS, Section 163.01 Florida Statutes, Florida Inter -Local Cooperation Act of 1969, authorizes municipalities and counties to provide services and facilities through the use of cooperative agreements for the mutual advantage of each governmental entity; and WHEREAS, it is the intent of the Counties to utilize the power and authority of the Florida Inter -local Cooperation Act of 1969 by the execution of this Agreement; NOW THEREFORE, in consideration of the foregoing and mutual covenants hereinafter contained, it is agreed between the Counties as follows; SECTION 1. PURPOSE This Agreement is entered into for the purpose of meeting the criteria as established in 24 CFR Part 92 allowing the three local governments to function as a consortium as defined in the HUD HOME Investment Partnership Program Regulations, specifically cited as 24 CFR Part 92.101. This arrangement mutually benefits the parties to this agreement through enhancement of the quality of life for the local citizenry and advancement of the common housing goals shared by the jurisdictions. The parties to this Agreement agree to cooperate to undertake or to assist in undertaking housing assistance activities for the HOME Program.