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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />(O\'I .AI <br />PH <br />TO: Joseph A. Baird, County Administrator <br />DEPARTMENT HEAD CONCURRENCE: <br />Stan Boling, AIC <br />Community Dev to ' ent Director <br />FROM: Sasan Rohani, AICP <br />Chief, Long -Range Planning <br />DATE: April 9, 2015 <br />SUBJECT: CONSIDERATION OF REVISED INDIAN RIVER COUNTY LOCAL HOUSING <br />ASSISTANCE PLAN FOR FISCAL YEARS 2015-2016 THROUGH 2017-2018 <br />AND RESOLUTION APPROVING THE REVISED PLAN <br />It is requested that the data herein presented be given formal consideration by the Board of County <br />Commissioners at its regular meeting of April 21, 2015. <br />DESCRIPTION AND CONDITIONS <br />• Background <br />Pursuant to the requirements of Section 420.907, F.S., and Rule 67-37.005, Florida Administrative <br />Code (FAC), the Board of County Commissioners approved the County's first Local Housing <br />Assistance Plan (Ordinance #93-13) on April 6, 1993. Subsequently, the Florida Housing Finance <br />Corporation approved the county's plan and authorized the disbursement of State Housing Initiatives <br />Partnership (SHIP) Program funds. <br />According to Rule 67-37.005(2), Florida Administrative Code, all local governments receiving SHIP <br />funds must periodically submit new Local Housing Assistance Plan (LHAP) to the Florida Housing <br />Finance Corporation (FHFC). Accordingly, the County's plan was revised in 1994, 1997, 2000, <br />2003, 2006, 2009, and 2012. Each of those plans was approved by the FHFC. The current plan, <br />approved in 2012, authors disbursement of SHIP funds until June 30, 2015. <br />1 <br />