HomeMy WebLinkAbout2011-104RESOLUTION NO 2011- 104
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER
COUNTY, FLORIDA APPROVING THE COUNTY'S LOCAL HOUSING ASSISTANCE PLAN
FOR FY 2012-2013, 2013-2014, and 2014-2015.
WHEREAS, Chapter 420, Florida Statutes, describes the State Housing Initiative Partnership (SHIP)
Program, and states that the principal objective of that program is to increase the amount of affordable housing
within the State of Florida; and
WHEREAS, the Indian River County Board of County 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, 2012; and
WHERF,AS, 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 November 16,
201 I, and recommended that the Board of County Commissioners approve the Indian River County Local Housing
Assistance Plan; and
WHEREAS, the Board of County Commissioners, on December 6, 2011, considered the Indian River
County Local Housing Assistance Plan for FY 2012-13, FY 2013-14, and FY 2014-15.
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 2012-2013, 2013-2014, and
2014-2015 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.
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Section 3.
The Board of County Commissioners directs staff to submit two copies of the Indian River County Local
Housing Assistance Plan, the plan's certification page, and the approval resolution to the Florida Housing
Finance Corporation.
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
AMOUNT $
MAXIMUM LOAN
AMOUNT $
Im act Fee 10 Year Loan
13,000.00
20,000.00
Im act Fee Loan
13,000.00
20,000.00
Down a ment/Closin Cost Loan
15,000.00
20,000.00
Rehabilitation Loan
30,000.00
50,000.00
Rehabilitation 10 Year Loan
30,000.00
50,000.00
Land Ac uisition Loan
20,000.00
20,000.00
Emer enc /Disaster Re air 10 Year Loan
20,000.00
30,000.00
Low Income Housing Tax Credit (LIHTC) Matching
Grant
75,000.00*
100,000.00*
*For the LHITC matching grant the loan amount is per project not per unit
The county's maximum SHIP assistance to any household shall be fifty thousand dollars ($50,000.00), and
average SHIP assistance shall be thirty thousand dollars ($30,000.00) per household.
Section 6.
Consistent with IRS Revenue Proclamation 20l 1-23, the maximum purchase price for Indian River County is
hereby established as $258,607.00 for new or existing homes and condominiums.
The foregoing resolution was offered by Commissioner Sol ari ,and seconded by Commissioner
Fl escher ,and being put to a vote, the vote was as follows:
Chairman, Gary C. Wheeler gyje
Vice Chairman, Peter D. O'Bryan Aye
Commissioner, Wesley S. Davis Aye
Commissioner, Bob Solari plye
Commissioner, Joseph E Flescher �
The Chairman thereupon declared the resolution duly passed and adopted this nth day ofDPePmher
2011.
Attest
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY )
Bye
rAlan Polackwich
}4�+ County Attorney
Board of County Commissioners
of Indian River County
By:
ary C. W Oer, Chairman
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