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78 <br />INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Jason E. Brown, County Administrator <br />Through: Stan Boling, AICP <br />Community Development Director <br />FROM: Sasan Rohani, AICP <br />Chief, Long -Range Planning <br />DATE: March 21, 2018 <br />SUBJECT: Final "State Approved" Indian River County Local Housing Assistance Plan for <br />Fiscal Years 2018-2019, 2019-2020, and 2020-2021 <br />It is requested that the data herein presented be given formal consideration by the Board of County <br />Commissioners at its regular meeting of April 3, 2018. <br />DESCRIPTION AND CONDITIONS <br />According to Rule 67-37.005(2), Florida Administrative Code, all local governments receiving SHIP <br />funds must every three years submit a new Local Housing Assistance Plan (LHAP) to the Florida <br />Housing Finance Corporation (FHFC). Accordingly, the county's plan was revised and submitted to <br />the FHFC in 1994, 1997, 2000, 2003, 2006, 2009, 2012, and 2015. Those plans were approved by <br />the FHFC. <br />In 2015, the Board of County Commissioners approved the county's current 3 year plan. <br />Subsequently, the FHFC approved the county's plan and authorized the disbursement of SHIP funds <br />until June 30, 2018. The Board approved the county's new proposed plan on December 5, 2017, and <br />directed staff to submit the new 3 year plan for FY 2018-2019, FY 2019-2020, and FY 2020-2021 to <br />the FHFC. After receiving the plan, FHFC recommended some minor final changes. Similar to the <br />past staff coordinated with the FHFC and revised the LHA plan per state recommendations. <br />Subsequently, the FAFC approved the County's plan with the minor changes made. Staff now <br />submits the revised and "state approved" LHA plan to the Board for its information. <br />ANALYSIS <br />To meet the Florida Housing Finance Corporation's local housing assistance plan submittal <br />requirements, county staff has prepared a new Local Housing Assistance Plan. The new plan is a <br />continuation of the county's previous plan with minor changes and updates. The plan includes <br />updated information and projected expenditures for the new fiscal years. As indicated in the plan, <br />the county will continue its affordable housing incentives and utilizing ten percent (10%) of the state <br />SHIP allocation for administration of the SHIP Program. <br />1 <br />