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WE s INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown; County Administrator THROUGH: Phillip J. Matson, AICP Community Development Director FROM: Bill Schutt, AICP Chief, Long -Range Planning DATE: November 18, 2020 SUBJECT: Consideration of Revised Indian River County Local Housing Assistance Plan for Fiscal Years 2021-2022, 2022-2023, and 2023-2024 It is requested that the following information be given formal consideration by the Board of County Commissioners at its regular meeting of December 1, 2020. DESCRIPTION AND CONDITIONS Pursuant to the requirements of Section 420.907, F.S., and Rule 67-37.005, Florida Administrative Code (FAC), the Board of County Commissioners approved the County's first Local Housing Assistance Plan (Ordinance #93-13) on April 6, 1993. Subsequently, the Florida Housing Finance Corporation approved the county's plan and authorized the disbursement of State Housing Initiatives Partnership (SHIP) Program funds. According to Rule 67-37.005(2), Florida Administrative Code, every three years each local government receiving SHIP funds must submit a new Local Housing Assistance Plan (LHAP) to the Florida Housing Finance Corporation. Accordingly, the County's plan was submitted in 1994, 1997, 2000, 2003, 2006, 2009, 2012, 2015, and 2018. In 2018, the Board of County Commissioners approved the County's current 3 -year plan. The Florida Housing Finance Corporation (FHFC) then approved the county's plan and authorized the disbursement of SHIP funds until June 30, 2021. By May 2021, the County must submit to FHFC a new 3 -year plan for FY 2021-2022, FY 2022-2023, and FY 2022-2024. This agenda item reviews the proposed new LHAP. • SHIP Program Activity Since its initial adoption in 1993, the county's LHAP has been successful in directing assistance to eligible households within the county. The attached table (attachment # 1) identifies the county's 216