HomeMy WebLinkAbout2009-019RESOLUTION NO 2009-019
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA APPROVING THE COUNTY'S LOCAL HOUSING ASSISTANCE PLAN FOR FY 2009-
20109 2010-2011, AND 2011-2012.
WHEREAS, Chapter 420, Florida Statutes, describes the State Housing Initiative Partnership Program (SHIP),
and states that the principal objective ofthat program is to increase the amount of affordable housing within the State of
Florida; and
WHEREAS, the Indian River CountyBoard ofCounty Commissioners, on April 6, 1993, approved Ordinance
Number 93-13, establishing the county's first Local Housing Assistance Program; and
WHEREAS, the current Local Housing Assistance plan expires on June 30, 2009; and
WHEREAS, the current Local Housing Assistance Plan adequately addresses the county's affordable housing
needs; and
WHEREAS, the Indian River county Affordable Housing Advisory Committee met on February 18, 2009, and
recommended that the Board ofCounty Commissioners approve the Indian River County Local Housing Assistance Plan
for 2009-2010, 2010-2011, and 2011-2012; and
WHEREAS, the Board of County Commissioners, on March 17, 2009, considered the Indian River County
Local Housing Assistance Plan for FY 2009-10, FY 2010-11, and FY 2011-12.
NOW THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Indian River County,
Florida that:
Section 1.
The above recitals are ratified in their entirety
Section 2.
The attached Indian River County Local Housing Assistance Plan for FY 2009-20105 2010-2011, and 201 1-
2012 is hereby approved by the Board ofCounty Commissioners. The County's Local Housing Assistance plan
is a countywide plan and covers the unincorporated county as well as all municipalities within the county.
Section 3.
The Board of County Commissioners directs staff to submit two copies of the Indian River County Local
Housing Assistance Plan to the Florida Housing Finance Corporation by certified mail. A minimum of one
of the two copies shall bear the original signature of the Board of County Commissioners Chairman.
Section 4.
The county has determined that 5% of SHIP funds is insufficient to administer the program. The county shall
continue utilizing ten percent (10%) of the state SHIP allocation for administration of the SHIP Program.
Section 5.
The following table indicates the average and maximum SHIP funds allowable per unit for each assistance
strategy.
STRATEGY
AVERAGE LOAN
MAXIMUM LOAN
AMOUNT(S
AMOUNT ($
10 Year LoanMMatching
0
20,000.00
e Loan
00
20,000.00
ment/Closin0
30,000.00
Almacte
tion Loan0
50,000.00
tion 10 Year Loan0
*75�000.00*
50,000.00
uisition Loan0
20,000.00
/Disaster Re air 10 Year Loa0
25,000.00
Low Income Housing Tax Credit (LIHT*
751000.00*
Grant
I V1 i„aroii,lig grant, the loan amount is per project not per unit.
The county's maximum SHIP assistance to any household shall be seventy thousand dollars ($70,000.00); this
maximum amount is available only to Very Low Income households awarded land acquisition, impact fee, and
downpayment closing cost combined assistance, Average SHIP assistance shall be thirty-fivethousand dollars
($35,000.00) per household.
Section 6.
Consistent with Revenue Proclamation 2007-26, the maximum purchase price for Indian River County is hereby
established as $237,031.00 for new or existing homes and condominiums.
The foregoing resolution was offered by Commissioner Flescher and seconded by Commissioner
Soldri and being put to a vote, the vote was as follows:
Chairman, Wesley S. Davis AYE
Vice Chairman, Joseph E. Flescher AYE
Commissioner, Gary Wheeler AYE
Commissioner, Peter D. O'Bryan AYE
Commissioner, Bob Solari AYE
K
The Chairman thereupon declared the resolution duly -passed and adopt e8 1, i 17th day of March 2009.
Board of County Cofnmrsslore c
o0ndian River County
.w
By�
!4eslev-S:lDavis"QG irman
Attest by: Ate. -t
Jeffrey K. Barton, Clerk
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY
William G. Collins, II
County Attorney
R\Community Deve10Pmen1\Users\SHIP\NEW FY DOCSTY2009-2010\DCC-L1JAPIan2009res.doc