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RESOLUTION 2016- 086 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA, APPROVING PAYMENT STANDARDS <br />FOR BEGINNING FISCAL YEAR 2017 FOR THE <br />HOUSING CHOICE VOUCHER PROGRAM. <br />WHEREAS, Indian River County is considered a Program Housing Agency <br />(PHA) by the United States Department of Housing and Urban Development (the <br />Department) as the County administers the Housing Choice Vouchers (HCV) program <br />County -wide for all residents (formerly known as Section 8 Housing); and <br />WHEREAS, the Department annually publishes the Fair Market Rent (FMR) <br />Payment Standards in the Federal Register to be used by Program Housing Agencies <br />such as Indian River County; and <br />WHEREAS, Department regulations mandate all Program Housing Agencies that <br />administer Housing Choice Vouchers adopt these Payment Standards between ninety <br />percent (90%) and one hundred ten percent (110%) of the Fair Market Rent established <br />by the Department; and <br />WHEREAS, the Indian River County Board of County Commissioners has <br />adopted the Housing Choice Voucher Program current Payment Standards set between <br />ninety percent (90%) and one hundred ten percent (110%) of the FMR; and <br />WHEREAS, the Indian River County Board of County Commissioners requires <br />an adjustment to adopt the Housing Choice Voucher Section 8 Program Payment <br />Standards, effective October 1, 2016, and these standards are set between ninety <br />percent (90%) and one hundred ten percent (110%) of FMR, and <br />WHEREAS, the County has now been made aware that Department regulations <br />require annual adoption and approval of Payment Standard Amounts both past and <br />present: <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: <br />1. The Board hereby adopts and approves the adjustment of the Payment Standard <br />amounts to be within ninety percent (90%) and one hundred ten percent (110%) of Fair <br />Market Rent for beginning Fiscal Year 2017 as set forth below: <br />Efficiency One -Bedroom Two -Bedroom Three -Bedroom Four -Bedroom <br />$645 $771 $862 $1094 $1232 <br />