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t + <br /> RESOLUTION 2015- ol9 <br /> A RESOLUTION OF THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, <br /> FLORIDA, APPROVING PAYMENT STANDARDS <br /> FOR FISCAL YEAR 2013 FOR THE HOUSING <br /> CHOICE VOUCHER PROGRAM. <br /> WHEREAS, Indian River County is considered a Program Housing Agency by <br /> the United States Department of Housing and Urban Development (the Department) as <br /> the County administers the Housing Choice Vouchers (HCV) program County-wide for <br /> all residents (formerly known as Section 8 Housing); and <br /> WHEREAS, the Department annually publishes the Farr 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 Farr 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, 2012, 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 HUD regulations require <br /> annual adoption and approval of Payment Standard Amounts both past and present, <br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA THAT: <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 Farr <br /> Market Rent for Fiscal Year 2013 (October 1, 2012 - September 30, 2013) as set forth <br /> below. <br /> Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom <br /> $558 $741 $858 $1068 $1099 <br />