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Affordable Housing Advisory Committee Review The proposed updated LHAP was reviewed by the County's Affordable Housing Advisory Committee (AHAC) at their regular meetings on August 26, 2020 and October 28, 2020. While the AHAC reviewed proposed revisions at their August meeting and expressed their overall agreement with them; the AHAC felt further analysis/discussion was warranted for the issue of whether or not there should be a restriction to limit the number of SHIP rehab loans a property/household should be awarded and whether there should be a wait period for re -applying for SHIP assistance after a property/household had already been assisted with a rehab loan. The AHAC requested that staff analyze the issue further and bring some options back to the AHAC for consideration at their October 28, 2020 meeting. At the October 28, 2020 AHAC meeting, staff presented various options and approaches other communities have taken to try to limit the number and amount of rehab assistance loans a specific property/household may receive. The AHAC ultimately agreed that a property should have only one active rehabilitation 10 -year loan at a time (with the exception of emergency/disaster rehab loans). The AHAC also engaged in discussion about what constitutes "essential services personnel" as defined by the state and whether or not local priority should be given to assisting essential service personnel with SHIP funds. The AHAC determined that while essential service personnel are important, the overall need for SHIP assistance in the community is far too great to give priority based on occupation, so no changes were made to give priority to essential services personnel. As drafted, the proposed plan meets all state and local requirements and proposed revisions address changed conditions. Once adopted and approved by the state, the Local Housing Assistance Plan will provide the basic framework and operating procedures, including program strategy qualification requirements and other provisions, for the SHIP program for the next 3 fiscal years. The new plan will also make the county eligible to receive SHIP funds until June 2024. FUNDING All SHIP loans are funded from state SHIP allocations and program income. Therefore, no local funds are involved. RECOMMENDATION Staff and the AHAC recommend that the BCC approve the new Indian River County Local Housing Assistance Plan by adopting the attached resolution, authorizing the Chairman to sign the certification page, and authorizing staff to make any changes to the LHAP as may be required after review by the state. ATTACHMENTS 1. SHIP Program Funds and Applicant Income Information Summary 2. Indian River County Local Housing Assistance Plan for FY 2021-2022, FY 2022-2023, and FY 2023-2024 3. Resolution Approving the New Plan 4. Plan's Certification Page 218