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2014-194A
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2014-194A
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Last modified
3/17/2017 11:02:26 AM
Creation date
1/19/2017 12:09:55 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/09/2014
Control Number
2014-194A
Agenda Item Number
8.H.
Entity Name
Florida Housing Finance Corporation
Subject
State Housing Initiatives
Fiscal Years 2015-2016, 2017-2018
SHIP Funds
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2015 Exhibit D <br />67-37.005(1), F.A.C. <br />Effective Date: 10/14 <br />13) An interlocal entity shall have its local housing assistance trust fund separately audited <br />for each state fiscal year, and the audit forwarded to the Corporation as soon as possible. <br />(14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies. <br />(15) Developers receiving assistance from both SHIP and the Low Income Housing Tax <br />Credit (LIHTC) Program shall comply with the income, affordability and other LIHTC <br />requirements, similarly, any units receiving assistance from other federal programs shall <br />comply with all Federal and SHIP program requirements. <br />(16) Loans shall be provided for periods not exceeding 30 years, except for deferred payment <br />loans or loans that extend beyond 30 years which continue to service eligible persons. <br />(17) Rental Units constructed or rehabilitated with SHIP funds shall be monitored at least <br />annually for 15 years for compliance with tenant income requirements and affordability <br />requirements or as required in Section 420.9075 (3)(e) <br />(18) The Plan meets the requirements of Section 420-907-9079 FS, and Rule Chapter 67-37 FAC, <br />and how each of those requirements shall be met. <br />(19) The provisions of Chapter 83-220, Laws of Florida has or X has not <br />been implemented. (note: Miami Dade County will check "has") <br />Witness <br />Witness <br />I 14 <br />Date <br />OR <br />Attest Jeffrey R. Smith, Clerk of <br />Circuit Court and Comptroller <br />2 <br />Chief ' ected Official or designee <br />Wesley S. Davis, Chairman <br />Board of County Commissioners <br />APPROVED AS TO FORM <br />AN ALS . FFU_1E: C <br />WILLIAM K. DEQRAAL <br />DEPUTY COUNTY ATTORNEY <br />
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