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2024-007
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Last modified
3/7/2024 3:22:04 PM
Creation date
3/7/2024 3:21:37 PM
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Resolutions
Resolution Number
2024-007
Approved Date
02/20/2024
Agenda Item Number
8.H.
Resolution Type
Revsing Local Housing Assistance Program
Entity Name
Florida HousingFinance Corporation
Subject
Local Housing Assistance Plan (LHAP) Authorizing submittal of the plan for review
by the Florida Housing Finance Corporation as required by SHIP
(State Housing Initiatives Partnership) program
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Exhibit D <br />67-37.005(1), F.A.C. <br />2023 <br />CERTIFICATION TO <br />FLORIDA HOUSING FINANCE CORPORATION <br />Local Government or Interlocal Entity: Indian River County, Florida <br />Certifies that: <br />(1) The availability of SHIP funds will be advertised pursuant to program requirements in 420.907- <br />420.9079, Florida Statutes. <br />(2) All SHIP funds will be expended in a manner which will ensure that there will be no <br />discrimination on the basis of race, color, national origin, sex, handicap, familial status, or <br />religion. <br />(3) A process to determine eligibility and for selection of recipients for funds has been <br />developed. <br />(4) Recipients of funds will be required to contractually commit to program guidelines and loan <br />terms. <br />(5) Florida Housing will be notified promptly if the local government /interlocal entity will be <br />unable to comply with any provision of the local housing assistance plan (LHAP). <br />(6) The LHAP provides a plan for the encumbrance of funds within twelve months of the end of <br />the State fiscal year in which they are received and a plan for the expenditure of SHIP funds <br />including allocation, program income and recaptured funds within 24 months following the end <br />of the State fiscal year in which they are received. <br />(7) The LHAP conforms to the Local Government Comprehensive Plan, or that an amendment to <br />the Local Government Comprehensive Plan will be initiated at the next available opportunity to <br />insure conformance with the LHAP. <br />(8) Amendments to the approved LHAP shall be provided to the Florida Housing for review and/or <br />approval within 21 days after adoption. <br />(9) The trust fund exists with a qualified depository for all SHIP funds as well as program income or <br />recaptured funds. <br />(10) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by <br />law. <br />(11) The local housing assistance trust fund shall be separately stated as a special revenue fund in <br />the local governments audited financial statements (CAFR). An electronic copy of the CAFR or a <br />
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