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60C�a F��GE U5 ANALYSIS In finalizing the proposed revisions, staff worked with the SHIP lenders committee. The SHIP lenders committee (Affordable Housing Partnership Committee) is composed of representatives from financial institutions, non-profit organizations, builders/contractors, real estate agents, and county staff. Because of its members' knowledge of and expertise with the housing industry, the SHIP lenders committee has functioned as an advisory committee to both AHAC and staff. In reviewing the revised plan, the lenders considered AHAC's objective of ensuring that SHIP funds are provided only to those households having need. At their January and February meetings, the SHIP lenders committee discussed the proposed revisions and provided comments to staff. The revisions to the plan are such that they would not. change any major requirements of the Local Housing Assistance Program. Staff, the SHIP lenders committee, and the Affordable Housing Advisory Committee believe that revising the Local Housing Assistance Plan will ensure consistency with state requirements and provide needed flexibility for special cases. With respect to the proposed revisions to the Local Housing Assistance Plan, the Board of County Commissioners has three alternatives. These are: P. To adopt the revised plan ► To adopt the revised plan with changes ► To reject the revised plan Either of the first two alternatives will ensure that the county will maintain its eligibility to receive SHIP funds for 1997-98. Staff, the SHIP lenders committee, and the Affordable Housing Advisory Committee recommend that the Board of County Commissioners adopt the attached resolution approving the revised Indian River County Local Housing Plan and direct staff to submit two copies of the revised plan to the Florida Housing Finance Agency for their review and approval. The Board should also authorize the Chairman to sign the certification page. ON MOTION by Commissioner Adams, SECONDED by Commissioner Macht, the Board unanimously adopted Resolution No. 97-16 approving the County's revised Local Housing Assistance Plan for FY 1997-98, FY 1998-99, and FY 1999-2000 and providing for the State Housing Initiatives Partnership Program (SHIP) requirements; directed staff to submit two copies of the revised plan to the Florida Housing Finance Agency for review and approval; and authorized the Chairman to sign the certification page, as recommended in the Memorandum. 32 March 11, 1997