HomeMy WebLinkAbout2006-162RESOLUTION NO 2006- 162
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN
RIVER COUNTY, FLORIDA APPROVING THE COUNTY'S REVISED LOCAL
HOUSING ASSISTANCE PLAN FOR FY 2006-2007, 2007-2008, AND 2008-
2009.
WHEREAS, Chapter 420, Florida Statutes, describes the State
Housing Initiative Partnership Program (SHIP), and states that the
principal objective of that program is to increase the amount of
affordable housing within the State of Florida; and
WHEREAS, on April 6, 1993, the Indian River County Board of
County Commissioners 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 Florida Housing Finance Corporation recently
published new maximum purchase price amounts for Indian River
County; and
WHEREAS, Indian River County recognizes that, to use the new
maximum purchase price amounts in its SHIP program, the county must
amend its local housing assistance plan to incorporate those
revised maximum purchase price amounts; and
WHEREAS, on October 24, 2006, the Board of County
Commissioners considered a revised Indian River County Local
Housing Assistance Plan for FY 2006-07, FY 2007-08, and FY 2008-09.
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RESOLUTION NO 2006-162
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 2006-2007, 2007-2008, and 2008-2009 is hereby approved
by the Board of County 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.
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RESOLUTION NO 2006- 162
Section 5.
The county's maximum assistance from SHIP funds shall be
seventy thousand dollars ($70,000.00) per unit; average
assistance will be thirty-five thousand dollars ($35,000.00)
per unit.
The following table indicates the average and maximum SHIP
funds allowable per unit for each strategy.
STRATEGY
AVERAGE LOAN
AMOUNT ($)
MAXIMUM LOAN
AMOUNT ($)
Impact Fee Grant
13,000.00
20,000.00
Impact Fee Loan
13,000.00
20,000.00
Downpayment/Closing Cost Loan
35,000.00
50,000.00
Rehabilitation Loan
40,000.00
50,000.00
Rehabilitation Grant
40,000.00
50,000.00
Land Acquisition Loan
40,000.00
50,000.00
Emergency/Disaster Repair Grant
12,000.00
15,000.00
Section 6.
Consistent with Revenue Proclamation 2006-17 dated March 2006,
the maximum purchase price for Indian River County is hereby
established as $253,125.00 for new or existing homes and
condominiums.
The foregoing resolution was offered by Commissioner
Bowden , and seconded by Commissioner Davis , and being
put to a vote, the vote was as follows:
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RESOLUTION NO 2006-162
Chairman, Arthur R. Neuberger Aye
Vice Chairman, Gary C. Wheeler Aye
Commissioner, Wesley S. Davis Aye
Commissioner, Thomas S. Lowther Aye
Commissioner, Sandra L. Bowden Aye
The Chairman thereupon declared the resolution duly passed and
adopted this 24th day of October 2006.
Attest by: V: _47
rog. Jeffrey K. Barton,
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY
BY:
Board of County Commissioners
of Indian -River County
By:
Arthur R . Neuber-er,_ Chaff
William G. Collins, II
County Attorney
F:\Community Development\Users\SHIP\NEW FY DOCS\FY2006-2007\Resolution No. 2006-
Revised.doc
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