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DEC 20 1391 80oK <br />The Board reviewed the following memo dated 12/13/91: <br />INDIAN RIVER COUNTY, FLORIDA <br />INTER -OFFICE MEMORANDUM <br />TO: BOARD OF COUNTY COMMISSIONERS <br />FROM: Charles P. Vitunac, County Attorney <br />DATE: December 13, 1991 <br />RE: ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY <br />The U. S. Congress has recently reauthorized provisions of a federal <br />housing program which allow for low-cost mortgages to be issued to <br />qualified people. The Escambia County Housing Finance Authority has <br />undertaken a $60,000,000 mortgage program and will act as the lead <br />agency for other smaller counties which may wish to join in the <br />program. Combining these counties into one pooled mortgage pro <br />will result in lower administrative costs. The attached resolution would <br />authorize our county to join with Escambia County in a low-cost <br />mortgage program. <br />We respectfully request permission for the Chairman of the County <br />Commission to execute the resolution and interlocal agreement attached <br />to this memorandum. <br />CPV /lk <br />Attachments <br />2 <br />