Laserfiche WebLink
9 <br />r <br />COMMISSIONER $IEBERT, WHO IS CHAIRMAN OF THE HOUSING STUDY <br />COMMITTEE, COMMENTED THAT A NUMBER OF PEOPLE HAVE ASKED THAT THE BOARD <br />POSTPONE ANY DECISION ON ESTABLISHMENT OF A HOUSING AUTHORITY UNTIL <br />REPRESENTATIVES OF THE ST. LUCIE COUNTY HOUSING AUTHORITY•CAN APPEAR <br />BEFORE THE TAXPAYERS ASSOCIATION, AND HE DID NOT FEEL A FEW WEEKS MORE <br />WOULD MAKE MUCH DIFFERENCE. HE CONTINUED THAT HE HAS HEARD A LOT OF <br />,_nii <br />NOISA.,,AND'WOULD REQUEST 14AT THOSE IN OPPOSITION PRESENT THE BOARD <br />WITH SOME ALTERNATIVE RECOMMENDATIONS. HE SUGGESTED THAT THIS MATTER <br />BE SCHEDULED FOR THE SECOND MEETING IN .JANUARY, 1979. <br />COMMISSIONER LOY AGREED THAT THE BOARD NEEDS MORE TIME TO <br />INVESTIGATE, AND CHAIRMAN WODTKE NOTED THAT THIS IS A VERY IMPORTANT <br />ISSUE; WE DO HAVE TO MAKE A DECISION RE PROVIDING LOW INCOME HOUSING; <br />AND MUST TAKE TIME TO FIND THE BEST WAY. <br />COMMISSIONER $IEBERT THEN DISCUSSED THE FLORIDA HOUSING FINANCE <br />AUTHORITY ACT WHICH PROVIDES FOR A HOUSING FINANCE AUTHORITY. HE <br />STATED THAT HE AND MR. THOMAS HAVE TALKED WITH GEORGE BLAND OF HOUGH A <br />COMPANY, WHO EXPLAINED THAT THE HOUSING FINANCE AUTHORITY CAN FLOAT TAX <br />FREE BONDS, WHICH, IN EFFECT, BRINGS DOWN THE INTEREST RATES FOR A <br />CONVENTIONAL LOAN. THIS IS ADMINISTERED ENTIRELY THROUGH LOCAL FINANCIAL <br />INSTITUTIONS, AND HOUGH & COMPANY WOULD COME IN AND GO TO THE LOCAL <br />FINANCING'INSTITUTIONS TO DETERMINE WHETHER THEY ARE INTERESTED. HE <br />CONTINUED THAT MR. BLAND INFORMED HIM THAT SOMEONE WOULD HAVE TO EARN <br />AT LEAST $15,000 A YEAR BEFORE THEY COULD COME CLOSE TO QUALIFYING UNDER <br />THIS PROGRAM, AND HE, THEREFORE, DID NOT FEEL IT WOULD BE OF ANY ASSIS- <br />TANCE TO THOSE NEEDING LOW INCOME HOUSING. <br />INTERGOVERNMENTAL COORDINATOR THOMAS NOTED THAT THIS WOULD BE <br />A NON -LIABILITY SITUATION FOR THE COUNTY, AND IT IS A WELL THOUGHT OUT <br />WAY OF REDUCING INTEREST RATES. <br />COMMISSIONER LOY ASKED IF THEY PERFORM THIS SERVICE ALSO FOR <br />LOW, MODERATE AND MIDDLE INCOME HOUSING. <br />COMMISSIONER $IEBERT POINTED OUT THAT THE INCOME STILL HAS TO <br />BE AT A LEVEL TO SUPPORT A MORTGAGE PAYMENT AT A SLIGHTLY REDUCED INTEREST <br />RATE, AND HE FELT THIS IS JUST ANOTHER TOOL THAT NEEDS INVESTIGATION. <br />ATTORNEY COLLINS COMMENTED THAT WE WOULD HAVE MORE CONTROL <br />OVER THIS PROGRAM THAN THE HOUSING AUTHORITY. HE FURTHER NOTED THAT <br />HE HAS RECEIVED A SIMILAR OFFER FROM ANOTHER BONDING HOUSE. <br />MR <br />86 -OK 38 PAGE 75 <br />