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RESOLUTION 2020-010 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA, AMENDING RESOLUTION 2019-071 AND <br />APPROVING PAYMENT STANDARDS FOR <br />BEGINNING FISCAL YEAR 2020 FOR THE <br />HOUSING CHOICE VOUCHER PROGRAM. <br />WHEREAS, Indian River County is considered an HCV Program Housing <br />Agency 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) in <br />the Federal Register to be used by Program Housing Agencies such as Indian River <br />County; and <br />WHEREAS, Department regulations mandate all HCV Program Housing <br />Agencies that administer Housing Choice Vouchers adopt these Payment Standards <br />between ninety percent (90%) and one hundred ten percent (110%) of the Fair Market <br />Rent established 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, 2019, and these standards are set between ninety <br />percent (90%) and one hundred ten percent (110%) of FMR, and <br />WHEREAS, HUD regulations require annual adoption and approval of Payment <br />Standard Amounts; and <br />WHEREAS, the County amends Resolution 2019-071 to correct the Fiscal Year <br />2020 Payment Standard amount for the Fair Market Rent for Three and Four Bedrooms <br />only, and the remaining terms of the resolution are unchanged, <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 2020 as set forth below: <br />Efficiency One -Bedroom Two -Bedroom Three -Bedroom Four -Bedroom <br />$729 $938 $1,018 $1,259 $1,463 <br />