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74 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: March 31, 2021 SUBJECT: Final "State Approved" Indian River County Local Housing Assistance Plan for Fiscal Years 2021-2022, 2022-2023, and 2023-2024 It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of April 13, 2021. DESCRIPTION AND CONDITIONS According to Rule 67-37.005, Florida Administrative Code, all local governments receiving SHIP funds must every three years submit a new Local Housing Assistance Plan (LHAP) to the Florida Housing Finance Corporation (FHFC). Accordingly, the county's plan was revised and submitted to the FHFC in 1994, 1997, 2000, 2003, 2006, 2009, 2012, 2015, and 2018. Those plans were approved by the FHFC. In 2018, the Board of County Commissioners approved the county's current 3 -year plan. Subsequently, the FHFC approved the county's plan and authorized the disbursement of SHIP funds until June 30, 2021. The Board approved the county's new proposed plan on December 1, 2020, and directed staff to submit the new 3 -year plan for FY 2021-2022, FY 2022-2023, and FY 2023-2024 to the FHFC and to make any changes subsequently required by the state. After receiving the plan, the FHFC recommended some minor final changes. Similar to the past, staff coordinated with the FHFC and revised the LHAP per state recommendations. Subsequently, the FHFC approved the County's plan with the minor changes made. Staff now submits the revised and "state approved" LHAP to the Board for its information. ANAT,VSTS To meet the Florida Housing Finance Corporation's local housing assistance plan submittal requirements, county staff has prepared a new Local Housing Assistance Plan. The new plan is a continuation of the county's previous plan with minor changes and updates. The plan includes updated information and projected expenditures for the new fiscal years. As indicated in the plan, the county will continue its affordable housing incentives and utilizing ten percent (10%) of the state SHIP allocation for administration of the SHIP Program.