HomeMy WebLinkAbout1999-048RESOLUTION NO 99- 48
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN
RIVER COUNTY, FLORIDA AMENDING THE COUNTY'S LOCAL HOUSING
ASSISTANCE PLAN FOR FY 1998-99, AND FY 1999-2000.
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, Indian River County approved
ordinance number 93-13, establishing the Local Housing Assistance
Program; and
WHEREAS, the current county's Local Housing Assistance plan
expires on June 30, 2000; and
WHEREAS, the staff and the affordable housing advisory
committee have recommended changes to the county's local housing
assistance plan; and
WHEREAS, on May 25, 1999, the Board of County Commissioners
considered proposed amendments to the county's Local Housing
Assistance Plan;
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 1998-99, and FY 1999-2000 is hereby amended by the
Board of County Commissioners. Changes are included on the
attached pages of the Local Housing Assistance Plan. On the
attached pages of the Local Housing Assistance Plan, additions
are shown as underlined, and deletions are shown as stt-ilee
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 authorized official.
Section 4.
The county shall continue utilizing ten percent (10%) of
available SHIP funds for administration of the SHIP program.
Section 5.
The county's maximum assistance from SHIP funds will be
thirty-nine thousand dollars ($39,000.00) per unit, and the
average assistance will be fourteen thousand dollars ($14,000)
per unit.
Section 6.
The following table indicates the average and maximum per unit
SHIP funds allowable for each strategy:
STRATEGY
AVERAGE LOAN AMOUNT
c$)
MAXIMUM LOAN AMOUNT
cs)
Impact Fee Grant
5,000.00
7,500.00
Impact Fee Loan
5,000.00
7,500.00
Downpayment/Closing
10,000.00
15,000.00
Cost Loan
Rehabilitation Loan
14,000.00
20,000.00
Rehabilitation Grant
14,000.00
20,000.00
Land Acquisition
7,500.00
10,000.00
Loan
Land Bank -Market
7,500.00
10,000.00
Purchase Loan
Land Bank -Tax Deed
7,500.00
10,000.00
Purchase Loan
The foregoing resolution was offered by Commissioner Adams,
and seconded by Commissioner Ginn and being put to a vote,
the vote was as follows:
Chairman, Kenneth R. Macht Aye
Vice Chairman, Fran Adams Aye
Commissioner, Caroline D. Ginn Aye
Commissioner, Ruth Stanbridge Aye
Commissioner, John Tippin Aye
The Chairman thereupon declared the resolution duly passed and
adopted this 25th day of May, 1999.
Board of County Commissioners
of Indian River Couiqtv
Anneth Macht, Chairman
?M Rip
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Jef f y" K. Bart, n,=
APPROV�EDD IS�,�To FO��AND LEGAL SUFFICIENCY
BY. al ""� ��-C �Lt-
William G. Collins, II
Deputy County Attorney
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CERTIFICATION TO
FLORIDA HOUSING FINANCE CORPORATION
Local Government: Indian River County
1. The county will advertise the availability of SHIP funds
pursuant to Florida Statutes.
2. All SHIP funds will be expended in a manner which will ensure
that there will be no discrimination on the basis of race,
creed, color, age, sex, familial status, handicap, religion,
or national origin.
3. A process for selection of recipients for funds has been
developed.
4. The county has developed a qualification system for
applications for awards.
5. Recipients of funds will be required to contractually commit
to program guidelines.
6. The Florida Housing Finance Corporation will be notified
promptly if the county will be unable to comply with the
provisions of the plan.
7. The Local Housing Assistance Plan shall provide for the
expenditure of SHIP funds within 24 months following the end
of the State fiscal year in which they are received.
8. The plan conforms to the Local Government Comprehensive Plan.
9. Amendments to the approved Local Housing Assistance Plan shall
be provided to the Corporation within 21 days after adoption.
10. The trust fund shall be maintained with a qualified depositary
for all SHIP funds as well as moneys generated from activities
such as interest earned on loans.
11. Amounts on deposit in the local housing assistance trust fund
shall be invested as permitted by law.
12. The local housing assistance trust fund shall be separately
stated as a special revenue fund in the county's audited
financial statements, copies of the audits will be forwarded
to the Corporation as soon as available.
13. SHIP funds will not be pledged for debt service on bonds or as
rent subsidies.
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14. Developers receiving assistance from both SHIP and the Low
Income Housing Tax Credit (LIHTC) program shall comply with
the income, affordability and other LIHTC program
requirements, similarly, any units receiving assistance from
other federal programs shall comply with all Federal and SHIP
program requirements.
15. Loans shall be provided for periods not exceeding 30 years,
except for deferred payment loans or loans that extend beyond
30 years which continue to service eligible persons.
16. Rental units constructed or rehabilitated with SHIP funds
shall be monitored at least annually for 15 years for
compliance with tenant income requirements and affordability
requirements.
17. The document being submitted is the Indian River County Local
Housing Assistance Plan and all provisions of the plan conform
to the requirements of Sec. 42 .9072, F.S., and Chapter 91-37,
F.A.C.
Witness
Ali E. White Commissioner Kenneth R. Macht
Chairman. Board of County Commissioners
Witness Name and Title
Patricia Ridgley
5/25/99
Date
Attest: e
(Seal)
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