HomeMy WebLinkAbout1998-090 �x
RESOLUTION NO 98-9L_
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 1999-1000.
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 partnership
group have recommended changes to the county's local housing
assistance plan; and
WHEREAS, on September 1, 1998, 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 Z.
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 Cummissioners. 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 assfaLcl;ee
--
thru.
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 S.
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 ($14,000)
per unit.
Section 6.
The following table indicates the average and maximum per unit
SHIP funds allowable for each strategy:
STRATEGY AVERAGE LOAN AMOUNT MAXIMUM LOAN AMOUNT
Impact Fee Grant 5,000.00 7, 500.00
Impact Fee Loan 5,000 .00 7, 500.00
Downpayment/Closing 10,000 .00 15, 000.00
Cost Loan
Rehabilitation Loan 14,000.00 20, 000.00
Rehabilitation Grant 14,000.00 20, 000.00
Land Acquisition 7,500.00 10, 000.00
Loan
Land Bank-Market 7,500.00 10, 000.00
Purchase Loan
Land Bank-Tax Deed 7,500. 00 10, 000.00
Purchase Loan
The foregoing resolution was offered by Commissioner Eggert ,
and seconded by Commissioner Adams and being put to a vote,
the vote was as follows:
Chairman, John W. Tippin -Aye
Vice Chairman, Kenneth R. Macht �e
Commissioner, Caroline D. Ginn ILe
Commissioner, Carolyn K. Eggert
Commissioner, Fran B. Adams Aye
s•
The Chairman thereupon declared the resolution duly passed and
adopted this 1st day of September, 1998.
Board of County Commissioners
of Indian River County
By:
Jo n W. Tippin airman
Jeffrey K. Barton
C er
APPROVED 11S TO t� MD LEM SUFFICIENCY
BY$ � •1!(,i�
,William 0. Collins, ii
Deyuty County Attorney
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•
INDIAN RIVER COUNTY
LOCAL HOUSING
ASSISTANCE
PLAN
GUIDELINES, PROCEDURES.-AND sTgATEGTFs
FOR
LOCAL HOUSING ASSISTAN F—, PROGRAM
FY 1997.1998
FY 1998.1999
FY 1999.2000
Last Revision:September 1,1998
L
TABLZ OF CONTENTS
Page
I. INTRODUCTION 1
Purpose and Intent 1
Backaround 1
Public Participation 3
Plan Effective Date and Duration 3
Implementation Authorization 3
D27=TIONS 4
III. THS INDIAN RIVER COUNTY LOCAL HOUSING
ASSISTANCE PROGRAM (IRCLHAProgram) 6
A. General Program Reuuirements 6
1. Advertisement and Notice of Fund Availability 6
2. Housing Unit Occupancy 7
3. Income Classification Levels 8
4. Monetary Allocations 9
5. Housing Unit Sales/Purchase Price 10
6. Housing Unit Rental Rates 10
7. Combined Assistance Strategy Awards for
Housing Units 11
8. Financial Standing of Eligible Housing Units 11
9. Non-discrimination Policy 12
10. Recycled/Repaid Funds for the Indian River
County Local Housing Assistance Trust Fund
(IRCLHATF) 12
11. Support Services for Eligible Recipients 12
12. Indian River County Affordable Housing Partnership 12
i
PAGE
B. Local Housinz Assistance Program Strategies 13
1. Impact Fee Grants 13
2. Impact Fee Loans 16
3. Downpayment/Closing Cost/Principal Reduction Loans 18
4. Land Acquisition Loans 22
S. Rehabilitation or Emergency Repair Loans 25
6. Rehabilitation or Emergency Repair Grants 30
7. Land Bank - Market Purchase 33
8. Land Bank - Tax Deed Purchase 36
C. Estimated Unit Assistance and Pricing
for the IRCLHAProaram 38
D. IRCLHAProaram Administration/Implementation
Activities
39
1. Program Expenditures 39
2. Application Periods 40
3. Application Processing 41
4. IRCLHAProgram Applicant Criteria 41
a. Income Level 41
b. Employment Verification 41
c. Asset Verification 42
d. Mortgage/Rent Verification 42
e. Credit Verification 42
f. Homebuyer Status 44
g. Home Inspection 44
h. Non-Profit Organization Selection Criteria 45
5. Application Review 45
6. Transfer/Dispersal of Funds for Housing Units 46
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I
a. Housing Unit Inspection/Certificate of PAGE
Occupancy 46
b. Mortgage/Subordinated
Mortgage Documentation 47
7. IRCLHAProgram Compliance Monitoring 47
a. Compliance Review Activities 47
�._._. x.. Property Tax Payment Verification 47
ii. Homeowner/Property Owner Insurance
Verification 47
Owner and Eligible Person
Occupancy Verification 48
iv. Rental Rate Verification 48
b. Non-compliance Notification 48
8. Assisted Housing Unit Resale 48
9. Data Development and Compilation 49
10. IRCLHAPlan Compliance Monitoring 49
XV. AFrORDASLE HOUSINGi INCENTIVE STRATaOIES 53
V. PLAN A1zNDI=WS 70
A. Authori y
B. Timi1$ 70
C. 70
70
CERTItICATION TO THE lLORIDA HOUsINO BINANCE AGENCY
72
iii
MMIBITS
A. Exhibit A: Fiscal Year 1997 - 1998 Housing
Delivery Goals for SHIP Funds by Households, Units
and Dollars
B. Exhibit B: Fiscal Year 1998 - 1999 Housing
Delivery Goals for SHIP Funds by Households, Units
and Dollars
C. Exhibit C: Fiscal Year 1990-2000 Housing Delivery Goals
for SHIP funds by Households, Units and Dollars
D. Assets that should be and should not be considered
E. Income Inclusions and Exclusions
ADOPTION RESOLOTION
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I. INTRODUCTION
Purpose and intent
This document, titled Indian River County Local Housing
Assistance Plan, outlines and provides the general guidelines,
operating procedures and assistance strategies of the Indian
River County Local Housing Assistance Program as established
by the Indian River County Board of County Commissioners via
Ordinance 93-13; pursuant to the requirements of the State of
Florida State Housing Initiatives Partnership (SHIP) Program
and Rule 9I-37.005, Local Housing Assistance Plans, Florida
Administrative Code (FAC) .
The purpose and intent of the Indian River County Local
Housing Assistance Plan is to provide guidelines, operating
procedures and assistance strategies to be utilized by the
Indian River County Local Housing Assistance Program in order
to encourage the provision and rehabilitation of decent,
affordable housing for the residents of Indian River County.
The Indian River County Local Housing Assistance Plan was
approved by the Board of County Commissioners on April 6,
1993. In June, 1993, the Florida Housing Finance Agency
approved the county's revised plan and authorized the
disbursement of funds.
Backaround
The provision of affordable housing has become a significant
issue throughout the United States, Florida and Indian River
County. The need for affordable housing is especially
significant for very low-, low-, and moderate-income
households which encounter various obstacles in their attempt
to obtain "affordable housing" . These obstacles include, but
are not limited to, obtaining sufficient funds for the payment
of impact fees and/or down payments for housing units.
According to information provided by the 1990 U.S. Census,
approximately 60% of Indian River County' s households may be
classified as very low-, low- or moderate-income households.
These households require housing; however, due to the
obstacles noted, they may not be able to secure adequate
housing.
The need for affordable housing for very low-, low- and
moderate-income households within the county is addressed in
the county's adopted comprehensive plan, specifically Housing
Element Policy 4.4. That policy reads as follows:
"The county shall establish a Housing Trust Fund
which will provide below-market interest rate
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financing and/or grants for land acquisition,
construction and other related costs for the
development of affordable housing units in the
unincorporated area. The fund will also assist
non-profit facilitators with pre-development
expenses associated with very low, low and moderate
income housing development. Some disbursements
from the Housing Trust Fund will be grants, but the
majority of funds will be revolving loans, with
borrowers paying back into the trust; therefore
ensuring a permanent source of financing. "
The intent of this policy is to establish a financial
mechanism which can be utilized to provide affordable housing
units for households with very low-, low-, and moderate-
incomes in Indian River County. When the comprehensive plan
was being developed, it was anticipated that a Housing Trust
Fund could be established and funded by a variety of sources,
including contributions from barrier island municipalities,
developer contributions from a density bonus program, and
other sources. In June, 1992, the State of Florida
Legislature approved and passed the William E. Sadowski
Affordable Housing Act which created a state funded program
whereby participating communities can receive monies for a
Local Housing Assistance Trust Fund.
The program created by the Sadowski Act is titled the State
Housing Initiatives Partnership (SHIP) Program. SHIP Program
requirements have been codified and established in Section
420.907 of the Florida Statutes (FS) and Chapter 9I-37 of
Florida Administrative Code (FAC) . The Administrative Rules
listed in Chapter 9I-37 establish specialized compliance
requirements for communities participating in the SHIP
Program. In order to participate in the SHIP Program, a
community must complete the following activities:
1. Adopt a local ordinance which establishes a Local
Housing Assistance Program (LHAProgram) and a Local
Housing Assistance Trust Fund (LATF) .
2. Adopt a Local Housing Assistance Plan (LHAPlan)
which details the intent and guidelines of the
Local Housing Assistance Program (LHAProgram) .
3. Create a Local Affordable Housing Advisory
Committee which will conduct a regulatory review of
the county's regulations and develop a Local
Housing Incentive Plan (LHIPlan) to be adopted by
the community within one (1) year of adoption of
the ordinance establishing the LHAProgram.
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In compliance with the county Comprehensive Plan and the State
of Florida State Housing Initiatives Partnership (SHIP)
Program, the Indian River County Board of County Commissioners
adopted Ordinance 93-13 which established the Indian River
County Local Housing Assistance Program (IRCLHAProgram) and
created the Indian River County Local Housing Assistance Trust
Fund (IRCLHATF) . The Indian River County Local Housing
Assistance Plan was adopted on April 6, 1993. With adoption
of the plan, Indian River County became eligible to
participate in the State Housing Initiatives Partnership
(SHIP) Program. The funds from this program provide
assistance to very low, low and moderate income households
according to the strategies and requirements of the plan. The
county has also adopted its Affordable Housing Incentive Plan.
Public Participation
The Indian River County Local Housing Assistance plan was
prepared by the Indian River County Community Development
Department staff and reviewed by the Indian River County
affordable housing partnership group, Affordable Housing
Advisory Committee and the Board of County Commissioners. All
meetings of these groups were open to the public. Copies of
the plan were made available to interested individuals, and
comments were received at the meetings.
Plan Effective Date and Duration
The Indian River County Local Housing Assistance Plan became
effective upon the date of its adoption by the Board of County
Commissioners of Indian River County and approval by the state
review committee. Recent amendments have extended the plan's
effective date. The plan is now effective for a period of
three (3) years, encompassing the 1997-1998, 1998-1999 and
1999-2000 fiscal years for the Indian River County Local
Housing Assistance Program and the State Housing Initiatives
Partnership Program. Pursuant to the procedures established
in this Plan, the Plan's effective date and duration of the
Plan may be amended by the Board of County Commissioners.
I=lementation Authorization
The Indian River County Local Housing Assistance Program and
Plan shall be implemented by the Indian River County Community
Development Department. The Community Development Department
shall have the authority, upon Board of County Commissioners
approval, to contract-out to private or public, profit or not-
for-profit organizations for services for the implementation
of the Indian River County Local Housing Assistance Program.
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II. DZFXXXTIONS
A1.1 definitions and terms provided in Rule 9I-37.002, Florida
Administrative Code (FAC) , and the State Housing Initiatives
Partnership Program Rules, as amended, shall apply to the
terms used in this Plan.
For those definitions and terms not addressed in Rule 92-
37.002, FAC, the following definitions shall apply:
1. Affordable Housing: Housing occupied by a household
paying housing expenses which do not exceed 30% of the
household's gross income. Where a first mortgage lender
is satisfied that the household can afford mortgage
payments that exceed the 30% benchmark, such housing may
be considered affordable. Monthly housing cost for
owner-occupied housing shall include mortgage principal
and interest, taxes, and insurance. Monthly housing cost
for renter-occupied housing shall include contract rent.
However, it is not the intent to limit a household's
ability to devote more than 30% of its income for
housing. Programs and policies of this Plan with regard
to affordable housing shall be limited to those
households in the very low-(less than 50% of median
income) , low (51-80% of median) and lower half of the
moderate- (81-100% of median) income groups.
2. Annual Operating Report (IRCLHAPAOR, AOR) s The annual
summary and review report analyzing and listing the
accomplishments of the Indian River County Local Housing
Assistance Program.
3. Assistance Strategy (Strategy): A method utilized by the
Indian River County Local Housing Assistance Program to
provide assistance to eligible sponsors in order to
encourage the provision of eligible housing for eligible
persons in Indian River County.
4. Draw(s) : A partial payment of a larger, cumulative sum
of funds.
5. Zncumiber Funds (Encumbrance of Funds): The process of
committing available funds allocated through the Indian
River County Local Housing Assistance Program to an
eligible sponsor by execution of a formal contract for
the purchase or rehabilitation of a housing unit.
6. Housing Code Inspection: An inspection of an existing or
rehabilitated housing unit by a Building Department
Inspector(s) or other authorized inspector(s) , whereby
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compliance of the unit- with current building and safety
code standards is evaluated.
j 7. Radian River County Local Sousing Assistance Plan
(IRCLHAPlan)s The document adopted by the Indian River
County Board of County Commissioners which provides the
operating guidelines, procedures, and strategies of the
Indian River County Local Housing Assistance Program.
8. Indian River County Local Housing Assistance Program
(IRCLRAProgram) : The program established by the Indian
River County Board of County Commissioners which will
distributes funds contained within the Indian River
County Local Housing Assistance Trust Fund in order to
encourage the provision of affordable eligible housing
for eligible persons in Indian River County.
9. Indian River County Local Housing Assistance Program Loan
Review Comanittee (IRCLHAPLRC)s The committee which
reviews submitted applications for Indian River County
Local Housing Assistance Program participation after said
applications have satisfied an initial application review
conducted by Community Development Department staff or a
third party entity identified by contract to conduct
application reviews. The Committee shall consist of
three members: the Indian River County Community
Development Director or his designee, a financial
institution representative of the Indian River County
Affordable Housing Advisory Committee or his designee,
and one representative member of the Indian River County
Board of County Commissioners who shall serve as chairman
of the Loan Review Committee.
10. Indian River County Local Housing Assistance Trust Fuad
(IRCLEAT!): The fund created by the Indian River County
Board of County Commissioners which holds funds received
from the State of Florida SHIP Program and other local
sources for distribution through the Indian River County
Local Housing Assistance Program.
11. Land Hanks A method by which Indian River County may
acquire residential properties to be sold or granted to
eligible sponsors through the Indian River County Local
Housing Assistance Program.
12. Notice of Cc ssitments The written notification issued by
the Indian River County Local Housing Assistance Program
indicating that an eligible sponsor has qualified to
receive assistance from the Indian River County Local
Housing Assistance Program.
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13. Unit Affords 10 Classification Timsfrauw: The period of
time that an eligible housing unit assisted through the
Indian River County Local Housing Authority Program must
be available for, and occupied by, an eligible person.
III. TRZ INDIAN RINZR COUNTY LOCAL HOUSING AS$ISTANCZ PROGRAN
(IRCLRAProgram)
The Indian River County Local Housing Assistance Program
(IRCLHAProgram) is the mechanism to be utilized by Indian
River County to provide assistance and incentives to encourage
the provision of affordable housing for residents of the
county. The IRCLHAProgram shall utilize various strategies to
make funds held in the Indian River County Local Housing
Assistance Trust Fund (IRCLHATF) available to eligible persons
or eligible sponsors for the provision of affordable housing
for eligible persons. By providing such assistance through
the various strategies, the IRCLHAProgram shall serve to
reduce the cost of housing for eligible recipients.
The IRCLHAProgram will be implemented, administered and
operated by the Indian River County Community Development
Department. The requirements and guidelines for the
IRCLHAProgram and its available strategies are as follows:
A. General Program Reouirements
The Indian River County Local Housing Assistance Program
(IRCLHAProgram) shall be operated in conformance with the
requirements of the State Housing Initiatives Partnership Act,
Section 420.907, Florida Statutes, and the State Housing
Initiatives Partnership Program, Chapter 9I-37 of the Florida
Administrative Code. General operation and implementation of
the program shall comply with the following specific criteria:
1. Advertisement and Notice of Fund Availability
Formal public notice of the availability of funds for the
provision of affordable housing via the IRCLHAProgram shall be
made in the following manner:
a. At the beginning of the State Fiscal Year:
i. The availability of SHIP funds will be
advertised in a publication of general
circulation at least 30 days prior to
accepting applications. A Public Notice
Advertisement shall list the expected amount
of funds to be available for the commencing
fiscal year; and
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ii. General publicity flyers, describing the
IRCLHAProgram and listing the expected amount
of funds to be available for the commencing
fiscal year, shall be distributed to local
organizations for distribution to the general
public. The local organizations shall
include, but not be limited to, church
organizations, financial institutions,
realtors, the Chamber of Commerce, and
contractors.
b. Additional methods of dispensing information
concerning the IRCLHAProgram may be utilized in
promoting public awareness and participation in the
IRCLHAProgram. Such methods may include, but shall
not be limited to, conducting seminars on the
program for representatives of local organizations
and the general public and the provision of public
service announcements. Those methods may also
include educational efforts conducted by the Indian
River County affordable housing partnership group.
C. Funding for advertisements and notices to promote
public awareness of the IRCLHAProgram shall be
provided from the Indian River County Local Housing
Assistance Trust Fund (IRCLHATF) as a part of the
IRCLHAProgram's general administration and
implementation activities.
2. Housing Unit Occupancy
All assistance provided through the IRCLHAProgram and the
Indian River County Local Housing Assistance Trust Fund
(IRCLHATF) shall be provided consistent with the following
requirements:
a. One hundred percent (100%) of all housing units
receiving assistance shall be occupied by
households which are classified as very low-, low-
or eligible moderate-income households at the time
of initial occupancy of the assisted housing unit.
However, the income of eligible persons, following
initial occupancy of the assisted housing unit, may
increase and exceed the limits established for very
low-, low- or eligible moderate-income households
as follows:
i. For rental units:
(a) A very low-income person's annual
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anticipated gross income may increase to an
amount not to exceed one hundred forty percent
(140%) of fifty percent (50t) of the median
income adjusted for family size for the
purposes of the IRCLHAProgram;
(b) A low-income person's annual anticipated
gross income may increase to an amount not to
exceed one hundred forty percent (140%) of
eighty percent (80%) of the median income
adjusted for family size for the purposes of
the IRCLFiAProgram;
(c) A eligible moderate-income person's annual
anticipated gross income may increase to an
amount not to exceed one hundred forty percent
(140%) of one hundred percent (100%) of the
median income adjusted for family size for the
purposes of the IRCLHAProgram;
For owner-occupied units: The income of
eligible persons may increase without limit.
b. A minimum of thirty percent (30%) of the funds must
be utilized by households which are classified as
very low-income households.
C. A minimum of thirty percent (30%) of the funds must
be utilized by households which are classified as
low-income households.
d. Each individual IRCLHAProgram Assistance Strategy
shall further identify the income classification of
eligible persons who may occupy the housing unit.
3. Income Classification Levels
The income levels utilized to identify very low-, low-, and
moderate-income eligible persons for participation in the
IRCLHAProgram shall be the gross income limits adjusted for
family size which are published annually by the Florida
Housing Finance Agency. For the 1997-1998 Fiscal Year, these
adjusted income levels are:
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Gross Income Level FY 1997-98
Lower Half
Very Low Low of Moderate
Household Size 50% 80% 100%
1 Person 15,000 24, 000 30,030
2 Person 17,150 27,450 34,320
3 Person 19,800 30, 900 38,610
4 Person 21,450 34, 300 42,900
5 Person 23,150 37, 050 46,331
6 Person 24,900 39, 800 49,764
7 Person 26,600 42, 550 53,195
8 Person 28,300 45,300 56,628
Median Income = $42, 900
4. Monetary Allocations
Funds from the Indian River County Local Housing Assistance
Trust Fund (IRCLHATF) shall be distributed in conformance with
the following distribution requirements:
a. A minimum of seventy-five percent (75%) of each
fiscal year funds in the IRCLHATF shall be expended
on Indian River County Local Housing Assistance
Program Strategies which encompass construction,
rehabilitation or emergency repair activities for
eligible housing which will be utilized by eligible
persons.
b. A minimum of sixty-five percent (65%) of each
fiscal year funds in the IRCLHATF shall be expended
on Program Strategies which result in homeownership
for eligible persons or assist and improve housing
units owned by eligible persons.
An initial transfer of title for an assisted
housing unit between an eligible non-profit
organization sponsor and an eligible person(s)
acquiring the unit via a lease-purchase agreement
shall not be considered the resale of the unit
requiring repayment of the loan amount, and
applicable interest amount.
C. One hundred percent (100%) of all funds held in the
IRCLHATF shall be expended in a manner consistent
with this Plan and Section 420.907 of the Florida
Statutes (F.S. ) . All funds expended from the
IRCLHATF shall be expended for administration and
implementation activities as outlined for the
assistance strategies identified, or for the
provision of support services as identified in
this Plan.
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d. All funds deposited into the local housing
assistance trust fund for each state fiscal year
shall be encumbered by 12 months following the end
'i of fiscal year and shall be expanded by 24 months
+ following the end of fiscal year.
5. Housing Unit Sales/Purchase Price
For the 199gQ-19982 operating year of this Plan, the maximum
purchase price for Ser- both existing and new units in Indian
River County is established as $81,548.00. The maximum
purchase price for each operating year shall be based on FHA's
maximum mortgage amount for the corresponding year. In no
case shall the sale/purchase price of new or existing eligible
housing exceed 90 percent of the median area purchase price
where the eligible housing is located, as established by the
United States Department of the Treasury (90% of median
purchase price for Indian River County is $106,365 for new
homes and $98,523 for existing homes) .
6. Housing Unit Rental Rates
Rental rates for housing units provided or acquired with
assistance from the IRCLHAProgram shall conform with the fair
market rental rates adjusted for housing unit size and income
category and published by the Florida Housing Finance Agency
for housing units in Indian River County. The rental rates
include expenditures for rent and utilities, excluding Cable
Television (CATV) and telephone service, and shall be adjusted
accordingly each year.
For the 199gk-19982 operating year of the Plan, the maximum
rental rates for housing units as provided by the Florida
Housing Finance Agency based upon unit size for Indian River
County are as follows:
10
Maximum Affordable Rent by
Income Category and by
Number of Bedrooms in Unit
Income NUMBER OF BEDROOMS IN UNIT
Category
EFF. 1 2 3 4
VLI (lees $375 $401 $495 $557 $622
than 508
of median
income►
LI $600 $643 $772 $891 $995
(between
518 to 808
of median
income)
Source: Florida Housing Finance Agency
7. Combined Assistance Strategy Awards for Housing Units
Eligible sponsors or persons may qualify to receive assistance
under one or more of the IRCLHAProgram's Assistance
Strategies. Applicants receiving assistance under more than
one Assistance Strategy shall comply with the following
limitations and requirements:
a. The combined maximum monetary award per housing
unit which may be provided from any one or more of
the IRCLHAProgram Assistance Strategies shall not
exceed the combined maximums allowed by appropriate
strategies for appropriate income category.
b. The income status of an eligible person occupying a
housing unit receiving assistance from one or more
IRCLHAProgram Assistance Strategies shall comply
with the income classification restrictions as
specified by the applicable Strategies.
8. Financial Standing of Eligible Housing Units
Owners of all eligible housing units receiving assistance from
the IRCLHAProgram shall be required to maintain good financial
standing in relation to their respective housing units as
follows:
a. All owners shall maintain valid Property Owners or
Homeowners Insurance, as appropriate, for their
respective units. For owner financed mortgages,
11
proof of such insurance shall be provided to the
IRCLHAProgram on an annual basis; and
b. All owners shall pay all applicable property taxes
for their respective housing units according to the
tax payment schedule.
9. Non-discrimination Policy
The IRCLHAProgram and all eligible sponsors shall not
discriminate in the IRCLHAPrcgram application and award
process on the basis of race, creed, religion, color, age,
sex, sexual preference, marital status, familial status,
national origin, or handicap.
10. Recycled/Repaid Funds for the Indian River County Local
Housing Assistance Trust Fund (IRCLHATF)
All funds repaid to the IRCLHATF shall be recycled for re-use
by the IRCLHAProgram. The funds repaid shall be added to the
existing balance of the IRCLHATF and redistributed for use
through the IRCLHAProgram.
11. Support Services for Eligible Recipients
The IRCLHAProgram will not provide funding for support
services such as tenant counseling, adult/child care, or
transportation assistance for eligible recipients. The
IRCLHAProgram may, if approved by the Board of County
Commissioners, provide financial assistance for the provision
of homeownership counseling activities for eligible recipients
and potential eligible recipients of the IRCLHAProgram. The
IRCLHAProgram may encourage the provision of any of the
previously described support services by private or public,
profit or not-for-profit organizations, while providing
technical assistance for the provision of such support
services. All applicants requesting downpayment/closing cost
assistance must attend the Homebuyers ' Educational Program
provided through the local lending consortium and/or Consumer
Credit Counseling Service.
12. Indian River County Affordable Housing Partnership
Indian River County has formed an Affordable Housing
Partnership Committee (Lenders Committee) . The SHIP
affordable housing partnership committee is composed of
representatives from financial institutions, non-profit
housing organizations, builders, contractors, real estate
agents, and county staff. Because of its members'
knowledge of and expertise with the housing industry, the
SHIP affordable housing partnership committee has
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functioned as an advisory committee to both the
Affordable Housing Advisory Committee (AHAC) and staff.
The county has leveraged SHIP funds by providing
downpayment/closing costs while financial institutions or
Habitat for Humanity provide first mortgages.
B. Local Housing Assistance Procrr m Rtrateaies
The strategies available for use in the IRCLHAProgram shall
serve to effectively reduce the cost of housing in two ways.
The first is by awarding grants or deferred loans to eligible
recipients, whereby a portion of the initial cost encountered
in acquiring or providing housing may be eliminated entirely
or deferred indefinitely until a time when the eligible
recipients may then be able to afford the costs. The second
method of reducing the cost of housing is by the provision of
loans at an interest rate lower than current market rates
offered by private financial institutions. Such low interest
or no interest loans result in reduced costs by decreasing the
amount of funds to be paid back over time. By utilizing
assistance strategies which provide these two methods of
either deferring or reducing costs, the IRCLHAProgram will
encourage the provision of affordable housing.
A total of seven (411) assistance strategies are available for
use by the Indian River County Local Housing Assistance
Program (IRCLHAProgram) in providing assistance to eligible
persons or sponsors. Of the seven strategies, emphasis and
priority for use will be placed upon the Impact Fee Grant,
Impact Fee Loan, Downpayment/Closing Cost Loan, Land
Acquisition Loan, and Rehabilitation Loan , and rehabilitation
grant strategies. Utilization of the two Land Banking
strategies will occur solely if funds are available which may
not be effectively utilized under one of the initial five
strategies. These strategies are further described as
follows:
1. Impact Fes Grants
a. Description
The IRCLHAProgram anticipates providing grants for the
payment of water, sewer, electric, and traffic impact
fees for eligible housing units for qualified eligible
persons or sponsors. Funds for impact fee grants shall
be transferred directly to the appropriate impact fee
account corresponding to the eligible housing unit.
Grants may be provided for connection to bl is services
13
for ne ift eenitmete6en wilah bhe construction of sew
hemees-r or existing owner-
occupied homes. whieh—tet hto—yobl e
seryises.
For new homebuyers, the previsien of such grants will
reduce the financial cost, as the grant will eliminate
the need to include impact fees in the overall, up front,
financing costs for a housing unit. Grants provided to
pay impact fees to connect existing housing units to
public services will eliminate a financial burden for the
owner who may be unable to afford either making a lump
sum payment of the fees, or financing payment of the fees
at current market rates.
'Phe preyrejen e€ Impaeb Fee—QL-antre wi-1-1- pL-jma-_ ,.. be
e�eebed be t - n
he eena�t�c���en e€ neer—#
efily when
%*aeier stabs by the eek—in eemplianere with
yL-E,vide ser w=--- be emist ing heroes lleweve•r-r When §n
existing homes jj are to be rehabilitated under the
Rehabilitation bean grant Assistance Strategy, deseFibed
& combination impact fee grant eesbs t•e eenneet—the
eje st ny dait }} be ineleded in bhe ameunt e€ and the
rehabilitation dean grant may be awarded.
b. Eligibility
i. Geographic Area
Impact fee grants may be made for eligible
housing units located anywhere in the County,
including all municipalities located within
the County.
ii. Housing Unit Classification
All housing units shall be owner-occupied
residences. Mobile homes are not eligible.
iii. Applicant Classification
(a) Impact fee grants may be awarded to the
following eligible sponsors:
1. Non-profit Organizations
2. Very Low-Income Eligible Persons
3. Low Income Eligible Persons, only when
the impact fee grant is a match for
14
another housing program, such as the CDBG
program
(b) Impact fee grants shall result in eligible
housing for the following eligible
persons:
1. Very Low-Income Persons
2, Low-Income-Persons
c. Basic Award Terms
i. Maximum Monetary Award
The maximum monetary award for an impact fee grant
shall not exceed $7,500.00 or the total cost of
applicable impact fees for the eligible housing
unit, whichever is less.
ii. Repayment Terms/Timeframe
The repayment of funds awarded as an impact fee
grant is not required, except in cases whereby the
eligible housing unit is sold to non-eligible
persons prior to termination of the unit's
affordable classification timeframe. In cases
where the unit is sold to a non-eligible person,
resale of the unit shall require repayment of the
original grant amount and applicable accrued
interest on the original grant amount.
iii. Interest Rate
There will be no applicable interest rate for
impact fee grants.
iv. Affordable Classification Timeframe
Housing units whose owners receive funds from the
IRCLHAProgram Impact Fee Grant Strategy Program
shall be occupied by the same qualified eligible
households who received the assistance for the
following periods:
1. For existing or new housing units: The
unit shall be occupied by a qualified
eligible household for a period of not
less than twenty ten (10) years.
15
V. Compliance Agreement and Security Instrument
The annlicant eauntyle shall execute a wee--Pee
�GLrant agreement with thecounty. shall be sesue
a 7 S
same
Eemmittee. This Grant agreement meLctVae shall
serve as the eligible recipient's contractual
commitment to comply with the requirements of the
IRCLHAProgram.
2 . IWact Fee Loans
a. Description
The IRCLHAProgram anticipates providing lew no-interest
loans for the payment of water, sewer and traffic impact
fees for housing units for qualified eligible persons or
sponsors. Funds for impact fee loans shall be
transferred directly to the appropriate impact fee
account corresponding to the eligible housing unit.
Loans may be provided for
connection to public services for new construction e€-sew
hues, or 4e eenjtmetlea with for, existing owner-occupied
homes. whieh motet be-eeiltneeted---e--gtIblie sevv;
For new homebuyers, the ` such loans will
reduce the financial cost, as the loans will be deferred
and therefore eliminate the need to include impact fees
in the overall, up front, financing costs for a housing
unit. Such loans provided to pay impact fees to connect
existing housing units to public services will allow
owners to defer the payment of such fees until the time
the housing unit is sold.
The
e " ;mPaeb FeeGraate wi, , p zfftelc be
Fee Loans be estistiny hsN.eewne*e--ra--
Publ-1 a
When An
existing homes aEe
to be rehabilitated under the
Rehabilitation Loan Assistance Strategy, a done -ibed L
combination impact fee loan and the rehabilitation an
may be awarded.
b. Eligibility
i. Geographic Area
16
Impact fee loans may be made for eligible housing
units located anywhere in the County, including all
municipalities located within the County.
ii. Housing Unit Classification
All housing units shall be owner-occupied
residences. Mobile Homes are not eligible.
Applicant Classification
_. (a) Impact fee loans may be awarded to the
following eligible sponsors:
1. Non-profit Organizations
2. Very Low-Income Eligible Persons
3. Low-Income Eligible Persons
(b) Impact fee loans shall result in eligible
housing for the following eligible persons:
1. Very Low-Income Persons
2. Low-Income Persons
c. Basic Award Terms
i . Maximum Monetary Award
The maximum monetary award for an impact fee loan
shall not exceed $7,500.00 or the total cost of
applicable impact fees for the eligible housing
unit, whichever is less.
ii. Repayment Terms/Timeframe
Impact fee loans shall be deferred payment loans
whereby repayment of the loan amount and applicable
accrued interest occurs at the time that the
eligible housing unit is sold.
Eligible persons may pay back the entire amount of
the loan and applicable accrued interest at any
time.
iii. Interest Rate
There will be a zero interest rate for imoa_ ct fee
loans to eligible very low and low income persons.
17
iv. Affordable Classification Timeframe
Housing units whose owners receive funds from the
IRCLHAProgram Impact Fee Loan Strategy Program
shall be occupied for the duration of the
outstanding impact fee loan by the same qualified
eligible households obtaining the impact fee loan.
Upon sale of the assisted housing unit by the
owner, repayment of the outstanding loan amount and
applicable accrued interest shall be required and
_.._ the affordability timeframe requirement terminated.
V. Compliance Agreement and Security Instrument
The county's Impact Fee Loan shall be secured by a
mortgage in favor of Indian River County. This
mortgage may be subordinated to construction and/or
permanent mortgages applied to the same unit upon
approval of the IRCLHAProgram Review Committee.
This mortgage shall serve as the eligible
recipient's contractual commitment to comply with
the requirements of the IRCLHAProgram
3. DownpaYMnt/Closing Cost/Principal Reduction Loans
a. Description
The IRCLHAProgram anticipates providing low-interest gr
no interest loans to eligible persons for downpayments,
p yments,
the payment of closing costs, and/or principal reduction
encountered for the purpose of acquiring an eligible
housing unit.
For the purchase of housing units, either new or
existing, the funds for downpayment/closing cost loans
shall be delivered at the time of closing, whereby the
transaction transferring ownership of the eligible
housing unit to the eligible person is completed.
Downpayment/closing cost loans shall not be provided for
the acquisition of housing units requiring rehabilitation
prior to approval for occupancy by residents unless the
rehabilitation loan is provided through SHIP funds in
conjunction with the downpayment/closing costs loan.
As structured, the LHAProgram does not require an
applicant to provide a minimum monetary contribution
towards the downpayment or closing costs. This
LHAProgram policy, however, does not exempt an applicant
18
from a financial institution's minimum monetary
contribution requirement, if applicable.
For purchase of a house financed by the owner, the
applicant, as part of the loan application process, will
be required to pay for a credit report.
Except as otherwise provided for herein SHIP funds shall
not be provided to any household where that household's
Projected monthly housing cost, including mortgage
principal, interest, taxes, end insurance, will exceed
30% of the household's gross income, tmie ss - a a
bele*, or where the household's total debt will exceed
ed
41% of the household's gross income. The monthly housing
cost to a3s lisant'-e gross income ratio may eaa exceed 30%
and the total dart to inc�m� ratio may exceed 41% if UM
a first mortgage lender is satisfied that the applicant
household can afford mortgage payments that exceed the
30% frontend and 41% backend benchmarks. In such a this
cases, the first mortgage lender must inform the county
in writing of them Wig• determination.
determination must be based on sneer;i=; �rA, to scticAA
applicable to the applicant such as the applicant's debts
being short term. the yi,,,,
debt manaa menta good h; or+ of
or thet pertinent reasons These
requirements apply to all income categories. No SHIP
funds will be provided to households for
downpayment/closing costs when the household's housing
cost to income ratio will be lower than 20%, unless a
housing cost to income ratio lower than 20% is needed to
ensure that the household's total debt to income ratio
will not exceed 41%. In cases where a household's
housing cost to income ratio is to be less than 20%, the
financial institution providing the first mortgage shall
provide sufficient written proof to the county to ius ; _Y
that the additional downpayment is needed to ensure that
the household's total debt to income ratio will not
exceed 41%. For very low and low income applicants, the
Loan Review Committee may reduce the housing cost to
income ratio to less than 20% increase the total debt
to-income ratio to more than 41% if circumstances warrant
such a chance feel•�aet4-ee, For the moderate income
group
only, SHIP downpayment/closing cost funds shall not be
provided to any household where that household's first
mortgage loan to value ratio will fall below 90%.
Housing units which are to be constructed and acquired by
eligible persons. ee housing units constructed as new
units or substantially rehabilitated within one (1)
calendar year prior to
purchase. or existing housing units to
19
be acquired with combined SHIP downnavment/cios+na cost
iquFssase and rehabilitation funds shall be classified as
constructed, rehabilitated, or repaired units.
Tht maximum term of the A first mortgage shall not exceed
30 years. The maximum interest rate for the first
mortgage shall not exceed the Federal National Mortgage
Association (FNMA) fixed rate 30 or 60 day delivery
(published daily in the Wall Street Journal) rounded up
to the nearest .125%.
For SHIP downpayment/closing cost loans, the number of
points which may be charged by the financial institution
providing the first mortgage shall be as follows:
0 For conventional loans, no points shall be paid from
SHIP funds.
0 For FHA loans, a maximum of one (1) point may be paid
from SHIP funds.
C For "bond program" loans only, more than one (1) point
may be paid from SHIP funds.
For applicants in the very low and low income groups to
be eligible to receive SHIP funds for downpayment/
closing costs, the first mortgage loan must be a fixed
rate loan. Adjustable or fixed rate loans are acceptable
for the moderate income group only. No loan requiring a
balloon payment is acceptable for any income group.
Title insurance is required for all downpayment/closing
costs loan transactions.
Downpayment/closing cost loans shall be leveraged with
loans from financial institutions, USDA rural
development, and other a_mnlicable state or federal
Programs 08 a9wepriate.
b. Eligibility
i. Geographic Area
Downpayment/Closing cost loans may be made for
eligible housing units located anywhere in the
County, including all municipalities located within
the County.
ii. Housing Unit Classification
All housing units shall be owner-occupied
residences. Mobile homes are not eligible.
20
iii. Applicant Classification
(a) Downpayment/Closing cost loans may be awarded
to the following eligible sponsors:
I. Very Low-Income Eligible Persons
2. Low-Income Eligible Persons
3. Moderate-Income Eligible Persons (only
for the lower half of the moderate income
range: from 80% to 100% of the county's
median income)
At the beginning of each FY, funds for downpayment/
closing cost assistance for the purchase of
existing units will be allocated only to very low
income households until such time that staff
determines that at least 30% of the funds ems to
be utilized assisbed during the fiscal year will be
used seeeiid by very low income households. After
that, funds for downpayment/closing cost assistance
for the purchase of existing units may be made
available to low and moderate income households.
(b) Downpayneat/Closing cost loans shall result in
eligible housing for the following eligible
persons :
1. Very Low-Income Persons
2. Low-Lncome Persons
3. Moderate-Income Persons (only for the
lower half of the moderate income range:
from 80% to 100% of the county' s median
income)
c. Basic Award Terms
i. Maximum Monetary Award
The maximum monetary award for a downpayment/
closing cost Loan may be up to, but shall not
exceed, $5,000. 00 for awards provided to eligible
moderate-income persons, $10, 000.00 for awards
provided to eligible low income persons, or
$15,000.00 for very low-income persons.
ii. Repayment Terms/Timeframe
Downpayment/Closing cost loans shall be deferred
payment loans whereby repayment of the loan amount
and applicable accrued interest occurs at the time
the eligible housing unit is sold.
21
Eligible persons may pay back the entire amount of
the loan and applicable accrued interest at any
time.
iii. Interest Rate
The interest rate for all loans granted to moderate
income persons under the IRCLHAProgram
Downpayment/Closing Cost Loan Strategy shall be a
three percent (3%) annual simple interest rate.
There will be a zero interest rate for eligible
very low and low income persons.
iv. Affordable Classification Timeframe
Housing units whose owners receive funds from the
IRCLHAProgram Downpayment/Closing Cost Loan
Strategy Program shall be occupied for the duration
of the outstanding downpayment/closing cost loan by
the same qualified eligible households who received
the assistance.
Upon sale of the assisted housing unit by the
owner, repayment of the outstanding loan amount and
accrued interest shall be required and the
affordability timeframe requirement terminated.
V. Compliance Agreement and Security Instrument
The county's Downpayment/Closing Cost Loan shall be
secured by a mortgage in favor of Indian River
County. This mortgage may be subordinated to
construction and/or permanent mortgages applied to
the same unit upon approval of the IRCLHAProgram
Review Committee. This mortgage shall serve as the
eligible recipient's contractual commitment to
comply with the requirements of the IRCLHAProgram.
4. Lana Acquisition Loam
a. Description
The IRCLHAProgram anticipates providing low-interest
loans to eligible non-profit sponsors for the acquisition
of vacant parcels or lots for the purpose of providing
eligible housing units for eligible persons. The funds
for acquisition shall be delivered at the time of
closing, whereby the transaction transferring ownership
of the parcel or lot to the eligible sponsor is
completed.
22
The land acquisition loan shall be a primary or first
mortgage upon the subject property purchased until the
eligible sponsor obtains the construction and/or
permanent loan financing for development and construction
of the housing unit. At the time the construction/
permanent financing is provided for the housing unit, the
land acquisition loan shall be subordinated to the
construction/permanent mortgage.
For the purposes of the IRCLHAProgram, funds expended for
property acquisition under the Land Acquisition Loan
Assistance Strategy shall be classified as a
homeownership expenditure, and an eligible housing unit
must be constructed and certified for occupancy on the
acquired property within one year of the closing
transaction date. Failure to complete construction of
and obtain a Certificate of Occupancy for a housing unit
within one (1) year of the closing transaction date shall
constitute grounds for foreclosure to obtain possession
of the property which may be utilized as a land bank
acquired property by the IRCLHAProgram.
b. Eligibility
i. Geographic Area
Land acquisition loans may be made for eligible
housing units located anywhere in the County,
including all municipalities located within the
County.
ii. Housing Unit Classification
All housing units utilizing assistance from the
IRCLHAProgram Land Acquisition Loan Strategy shall
be owner-occupied single-family residences. Mobile
homes are not eligible.
iii. Applicant Classification
(a) Land acquisition loans may be awarded to the
following eligible sponsors:
1. Non-profit Organizations
(b) Land acquisition loans shall result in
eligible housing for the following eligible
persons:
1. Very Low-Income Persons
2. Low-Income Persons
23
c. Basic Award Terms
i. Maximum Monetary Award
The maximum monetary award for a land acquisition
loan shall not exceed $10,000.00 per lot (unit) .
ii. Repayment Terms/Timeframe
Land acquisition loans shall be deferred payment
-- loans, whereby repayment of the loan amount and
accrued interest occurs at the time the parcel/lot
and its corresponding eligible housing unit is
sold.
Eligible persons may pay back the entire amount of
the loan and applicable accrued interest at any
time.
iii. Interest Rate
There will be a zero interest rate for land
acquisition loans to eligible very low and low
income persons.
iv. Affordable Classification Timeframe
Housing units whose owners receive funds from the
IRCLHAProgram Land Acquisition Loan Strategy
Program shall be occupied for the duration of the
outstanding land acquisition loan by the same
qualified eligible households who received the
assistance.
Upon sale of the assisted housing unit by the
owner, repayment of the outstanding loan amount and
accrued interest shall be required and the
affordability timeframe requirement terminated.
V. Compliance Agreement and Security Instrument
The county's Land Acquisition Loan shall be secured
by a mortgage in favor of Indian River County.
This mortgage may be subordinated to construction
and/or permanent mortgages applied to the same unit
upon approval of the IRCLHAProgram Review
Committee. This mortgage shall serve as the
eligible recipient's contractual commitment to
comply with the requirements of the IRCLHAProgram.
24
5. Rehabilitation or Zrnrgency Repair Loaas
a. Description
The IRCLHAProgram anticipates providing low-interest 2.t
no interest loans to eligible sponsors or persons to fund
all or a portion of the cost encountered in
rehabilitating existing or acquired housing units
eligible for occupancy by eligible persons.
Rehabilitation loans shall be provided consistent with
the reauirements of the county's minimum standards for
rehabilitation of residential properties. Rehabilitation
loans will not be awarded for rehabilitation work
previously completed. All rehabilitation work must be
performed by licensed contractors.
Rehabilitation loans may be awarded for the following
Ighabil?tation work activities:
Roof,including replacement of all rotten wood
Plumbing work as needed
Electrical work as needed
Hsating and air conditioning,including insulation
Room addition
Replacement of doors and windows if in poor condition
Replacement of kitchen cabinets if in poor condition
Replacement of dry wall as needed
Painting and cgoting only as part of larger rehabilitation work
Replacement of rotted siding
Replacement of bathroom tubs lavatories and sinks as needed to bring the
units to a safe and sanitary standard
Replacement of kitchen sinks as needed
► Pressure wash,only to prepare for any allowed painting or reRaair
Driveway/culvert(only if no driveway exists)
Repairs to make-a house accessible for a disabled member of a household
Repair or replacement of septic tank lift station drainfield or private well as
required"t public health dep ment
Termite repairs and treatment
Other repairs as aauimd by the building department to bring the house up to
current n nimum housing code
Following are rehabilitation work activities not eligible for SHIP funding:
Ap2hances
Carpeting which is not part of larger rehabilitation work
Patio and porch addition
25
Painting which is not part of larger rehabilitation work
Building agarage
Landscapin ,,sodding,and similar work
Any kind of cosmetic work
Swimming pool and similar facilities
Shutters
Awarded Rehabilitation loan amounts shall be based upon
a minimum of two written licensed contractor estimates
for the exact same scope of work, identifying all
necessary rehabilitation work and the expected costs of
the rehabilitation work. Contractors' estimates must be
based on a work write-up prepared by the county
designated inspector. The applicant shall choose one of
the contractors to complete the identified rehabilitation
work provided that the contractor cost estimate does not
exceed 110% of the estimate provided by the county
designated inspector. Once the contractor estimate is
selected and the Rehabilitation Loan Amount established,
no additional funds may be awarded. The contractor
estimate must identify all potential costs (including
building permit fees) to be encountered in completing the
rehabilitation work. Change orders must be approved by
the county designated inspector and local housing
assistance program staff. Additionally, the applicant
will be required, as part of the application process, to
pay for a credit report. aeha liitatie Loans ehaij
emeeeel 59% e€ the unit war-het value eLc the appicaiBed
valtie,—whieheveF is pL-evlded by the—applieant=-
The applicant or his contractor must obtain a building
permit from the corresponding jurisdictional building
department for all rehabilitation activities. The funds
for rehabilitation loans of less than X589-.09 S5,000.00
shall be delivered upon completion of all rehabilitation
work and a satisfactory final inspection by the
corresponding jurisdictional Building Department and the
county designated inspector that all required
rehabilitation activities for the eligible housing unit
are completed. Funds for rehabilitation loans of
$9,SGG-99 $5,000.00 or more may be delivered in
individual draws, not to exceed three draws total, based
upon the completion of individual components of the
rehabilitation work and inspection by the corresponding
jurisdictional building department and the county
designated inspector. q%e Each partial draw including
JM final draw of funds shall not be less than ;ilsg9-gg
$5,000.00 and it shall be delivered upon completion of
all rehabilitation work and a satisfactory final
inspection by the corresponding jurisdictional Building
26
Department and the county designated inspector that all
required rehabilitation activities for the eligible
housing unit are completed. No SHIP fund will be paid
for any work completed prior to the notice to proceed.
Besides general rehabilitation activities funds may be
provided for emergency repairs. Emergency repairs
eligible for SHIP funding are limited to weatherization
activities. Weatherization means materials or measures
and their installation which are used to improve the
thermal efficiency of a residence. For emergency
repairs, only one written licensed contractor estimate is
needed. No credit verification is needed for emergency
repairs.
Rehabilitation or emergency repair loans can be leveraged
with private funds, small city Community Development
Block Grant (CDBG) funds, weatherization funds, and other
state and federal programs as appropriate.
b. Eligibility
i. Geographic Area
Rehabilitation loans may be made for eligible
housing units located anywhere in the County,
including all municipalities located within the
County.
ii. Housing Unit Classification
Eligible housing units receiving IRCLHAProgram
Rehabilitation Loans may be either owner-occupied
or renter occupied single-family or multiple-family
residences. Mobile homes are not eligible.
iii. Applicant Classification
(a) Rehabilitation loans may be awarded to the
following eligible sponsors:
1. Non-profit Organizations
2. Investors
3. Very Low-Income Eligible Persons
4. Low-Income Eligible Persons
(b) Rehabilitation loans shall result in eligible
housing for the following eligible persons:
1. Very Low-Income Persons
2. Low-Income Persons
27
c. Basic Award Terms
i. Maximum Monetary Award
The maximum monetary award for a rehabilitation
loan shall not exceed $20, 000 .00 per single-family
or multiple-family housing unit. Additionally,
rehabilitation loans for multiple family structures
shall also be limited to a maximum monetary award
of $60,000.00 for 3 or more units.
ii. Repayment Terms/Timeframe
Rehabilitation loans shall be deferred payment
loans, whereby repayment of the loan amount and
accrued interest occurs as follows:
(a) Owner-occupied single-family homes: The loan
amount and applicable accrued interest shall be
repaid at the time the eligible housing unit is
sold.
(b) Non-owner-occupied single family homes and
multiple-family structures: Repayment of the full
rehabilitation loan amount and applicable accrued
interest shall be required fifteen (15) years
following the date of issuance of the loan.
Eligible sponsors or persons may pay back the
entire amount of the loan and applicable accrued
interest at any time.
iii. Interest Rate
There will be a zero interest rate for
rehabilitation loans to eligible very low and low
income persons.
iv. Affordable Classification Timeframe
Housing units whose owners receive funds from the
IRCLHAProgram Rehabilitation Loan Strategy Program
shall be occupied for the duration of the
outstanding rehabilitation loan by the same
qualified eligible households who received the
assistance in compliance with the following
methods:
28
(a) For owner-occupied single-family housing
units: The unit shall be occupied for the duration
of the outstanding rehabilitation loan by the same
qualified eligible households who received the
assistance.
(b) For rental single-family housing units, and
multiple-family housing units: The unit shall be
occupied by a qualified eligible household for a
period of not less than fifteen (15) years. Upon
completion of the fifteen (15) year affordability
timeframe, the outstanding rehabilitation loan and
its applicable accrued interest shall be due in
full for repayment to the IRCLHATF. Indian River
County Community Development Department staff will
monitor the household's eligibility on an annual
basis for the 15 year life of the rental
rehabilitation assistance loan period.
Upon the sale of any assisted single-family or
multiple-family housing unit by the owner,
repayment of the outstanding loan amount and
applicable accrued interest shall be required and
the affordability timeframe requirement terminated.
V. Compliance Agreement and Security Instrument
The county's Rehabilitation Loan shall be secured
by a mortgage in favor of Indian River County.
This mortgage may be subordinated to other
rehabilitation, construction, and/or permanent
mortgages applied to the same unit upon approval of
the IRCLHAProgram Review Committee. This mortgage
shall serve as the eligible recipient's contractual
commitment to comply with the requirements of the
IRCLHAProgram.
Purr temere, the-mertgage-daeument-shall eete-t4w&4
based en-sha44 have the first eight_-so_
regusal €er purehase e€ tete-Tema! te3#tbhe unit be refused by lee&! nen pEefit
based OrWmisatieasy -viveriv
e 9%mev--nre7-A€€ee-��e�:,�
tmit(s) fee sale an -- - -4 _,
esbabe —tat-,
29
3k. Rehabilitation or t MIU re., Ranair Orant■
a. pescrintion
The IRCLHAProcra_m anticipates providing rehabilitation
grants to eligible very low persons to fund all or a
portion of the cost of rehabilitating existing owner
occupied housing units Rehabil ;tatinn grants will
be awarded for rehabilitation work Grp, not
»nual coma prod
All rehabilitation pork must be performed by licensed
contractors Rehabilitation grants will not be awarded
for rehabil,tatiDn activities associated with
downpavment/r-lesina cost loan assistance
Rehabilitation grants may be awarded if needed
rehabilitation work activities include at least one of
the following types of activities which are essential to
make a house safe for habitation and/or to maintain the
house's structural integrity,
Roof, including replacement of all rotten wood
i Plumbing work as needed
Electrical work as needed
Heating and air conditioning including insulation
t Replacement of dry wall damaged from a leak
Replacement of floor and carpeting damaged from a leak
I Replacement of doors and windows if in poor condition
t Replacement of rotted siding
t Replacement of bathroom tubs lavatories and sinks as needed to bring the
units to a safe and sanitary standard
t Repairs to make a house accessible for a disabled member of a household
t Repair or replacement of septic tank lift station drainfield or private well as
=aired bX the public health department
t Termite repairs and treatment
t Other repairs as required by the building department to bring the house up to
current minimum housing code
I Rehabilitation work within any future target areas established by the Board
of County—Commission rs for concentrated housing and neighborhood
!@provement activities
Rehabilitation arant o nt-s shall be based upon a
minimum of two written licensed contractor estimate§ for
the exact same scope of work, adent,fving all necessary
r—ehabilitation work and the exp cted costs of the
30
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Interest Rate
There will be no applicable interest rate for
rehabilitation grants
iv. Affordable Classification Timeframe
Housina units whose owners receive funds from the
m
IRCLHAProaraRehabilitation i tati on Grant Strategy P=rs+m
shall be occupied by the same qualified eligible
household who received the assistance for a nerind
of not less than ten Years (10) years
Y., Compliance Agreement and Security Instrument
The applicant shall execute a Grant agreement with
the county. This Grant aareement shall serve as the
eligible recipient' s contractual commitment to
co=ly with the requirements of the IRCLHAProaram.
67. Land Bank - market Purchase
a. Description
The Indian River County, through the Board of County
Commissioners and the IRCLHAProgram, may acquire vacant
parcels or lots via the general real estate market for
the purpose of providing sites for the development of
eligible housing units by eligible sponsors for eligible
persons. The funds for acquisition shall be delivered at
the time of closing, whereby the transaction transferring
ownership of the parcel or lot to the county is
completed. This Market Purchase Strategy may be
considered a strateW of "last resort", whereby it may be
utilized in the event unexpended or encumbered funds for
the IRCLHAProgram are available and expenditure through
the remaining IRCLHAProgram Assistance Strategies is
unlikely.
The acquired property shall be classified as a monetary
asset of the IRCLHATF to be utilized as an equivalent
loan to an eligible sponsor or person for the development
of an eligible housing unit.
33
Upon transfer of the acquired property to an eligible
sponsor, the effective land bank loan shall be secured by
a primary or first mortgage upon the subject property
until the eligible sponsor obtains the construction
and/or permanent loan financing for the development and
construction of a housing unit . At the time the
construction/permanent financing is provided for the
housing unit, the land bank loan shall be subordinated to
the construction/permanent mortgage.
For the purposes of the IRCLHAProgram, funds expended for
property acquisition under the Land Bank Market Purchase
Assistance Strategy shall be classified as a
homeownership expenditure, and an eligible housing unit
must be constructed and certified for occupancy on the
acquired property within one year of the closing
transaction date. Failure to complete construction of
and obtain a Certificate of Occupancy for a housing unit
within one (1) year of the closing transaction date shall
constitute grounds for foreclosure to obtain possession
of the property which may be utilized as a land bank
acquired property by the IRCLHAProgram.
b. Eligibility
i. Geographic Area
Parcels acquired through land bank acquisitions for
the development of eligible housing units may be
located anywhere in the County, including all
municipalities located within the County.
ii. Housing Unit Classification
All housing units resulting from the IRCLHAProgram
Land Bank Market Purchase Acquisition Strategy
shall be owner-occupied single-family residences.
Mobile homes are not eligible.
iii. Applicant Classification
(a) Land bank acquisitions may be awarded to the
following eligible sponsors:
1. Non-profit Organizations
(b) Land bank acquisitions shall result in
eligible housing for the following eligible
persons:
34
1. Very Low-Income Persons
2. Low-Income Persons
c. Basic Award Terms
i. Maximum Monetary Award
The maximum monetary award for a land bank
acquisition expenditure shall not exceed $10,000.00
per each buildable lot. The market purchase
strategy may be utilized only as a strategy► of
wlast resort".
ii. Repayment Terms/Timeframe
Land bank acquisitions whereby ownership of the
subject property is transferred to an eligible
sponsor or person shall be classified as deferred
payment loans. Repayment of the effective loan
amount (the value of the property) and applicable
accrued interest occurs at the time the parcel or
lot and its corresponding eligible housing unit is
sold.
Eligible persons may pay back the entire amount of
the loan and applicable accrued interest at any
time.
iii. Interest Rate
There will be a zero interest rate for land bank
loans to non-profit organizations for eligible very
low and low income persons.
iv. Affordable Classification Timeframe
Housing units whose owners receive funds from the
IRCLHAProgram Land Bank Market Purchase Strategy
Program shall be occupied for the duration of the
outstanding land bank acquisition loan by the same
qualified eligible households who received the
assistance.
Upon sale of the assisted housing unit by the
owner, repayment of the outstanding land bank loan
amount and applicable accrued interest shall be
required and the affordability timeframe
requirement terminated.
35
V. Compliance Agreement and Security Instrument
The county's Land Bank Market Purchase Loan shall
be secured by a mortgage in favor of Indian River
County. This mortgage may be subordinated to
construction and/or permanent mortgages applied to
the same unit upon approval of the IRCLHAProgram
Review Committee. This mortgage shall serve as the
eligible recipient's contractual commitment to
comply with the requirements of the IRCLHAProgram.
��. Land Bank - Tax Deed Purchase
a. Description
The Indian River County, through the Board of County
Commissioners and the IRCLHAProgram, may acquire vacant
parcels or lots by purchasing the properties via Tax Deed
Auction for the purpose of providing sites for the
development of eligible housing units by eligible
sponsors for eligible persons. The funds for acquisition
shall be delivered at the time of tax deed sale, whereby
the transaction transferring ownership of the parcel or
lot to the county is completed. This Tax Deed Purchase
Strategy may be considered a strategy of "last resort",
whereby it may be utilized in the event unexpended or
encumbered funds for the IRCLHAProgram are available and
expenditure through the remaining IRCLHAProgram
Assistance Strategies is unlikely.
The acquired property shall be classified as a monetary
asset of the IRCLHATF to be utilized as an equivalent
loan to an eligible sponsor or person for the development
of an eligible housing unit.
Upon transfer of the acquired property to an eligible
sponsor, the effective land bank loan shall be secured by
a primary or first mortgage upon the subject property
until the eligible sponsor obtains the construction
and/or permanent loan financing for the development and
construction of a housing unit. At the time the
construction/permanent financing is provided for the
housing unit, the land bank loan shall be subordinated to
the construction/permanent mortgage.
For the purposes of the IRCLHAProgram, funds expended for
property acquisition under the Land Bank Tax Deed
Purchase Assistance Strategy shall be classified as a
homeownership expenditure, and an eligible housing unit
36
must be constructed and certified for occupancy on the
acquired property within one year of the closing
transaction date. Failure to complete construction of
and obtain a Certificate of Occupancy for a housing unit
within one (1) year of the closing transaction date shall
constitute grounds for foreclosure to obtain possession
of the property which may be utilized as a land bank
acquired property by the IRCLHAProgram.
b. Eligibility
i. Geographic Area
Parcels acquired through land bank acquisitions for
the development of eligible housing units may be
located anywhere in the County, including all
municipalities located within the County.
ii. Housing Unit Classification
All housing units resulting from the IRCLHAProgram
Land Bank Acquisition Strategy shall be owner-
occupied single-family residences. Mobile homes
are not eligible.
iii. Applicant Classification
(a) Land bank acquisitions may be awarded to the
following eligible sponsors:
1. Non-profit Organizations
(b) Land bank acquisitions shall result in
eligible housing for the following eligible
persons:
I. Very Low-Income Persons
2. Low-Income Persons
c. Basic Award Terms
i. Maximum Monetary Award
The maximum monetary award for a land bank
acquisition expenditure shall not exceed $10,000.00
per each buildable lot. The tax deed purchase
strategy may be utilized only as a strategy of
"last resort".
ii. Repayment Terms/Timeframe
37
Land bank acquisitions whereby ownership of the
subject property is transferred to an eligible
sponsor or person shall be classified as deferred
payment loans . Repayment of the effective loan
amount (the value of the property) and accrued
interest occurs at the time the parcel or lot and
its corresponding eligible housing unit is sold.
Eligible persons may pay back the entire amount of
the loan and applicable accrued interest at any
time.
iii. Interest Rate
There will be a zero interest rate for land bank
loans to non-profit oraanizations for eligible very
low and low income persons.
iv. Affordable Classification Timeframe
Housing units whose owners receive funds from the
IRCLHAProgram Land Bank Acquisition Strategy
Program shall be occupied for the duration of the
outstanding land bank acquisition loan by the same
qualified eligible households who received the
assistance.
Upon sale of the assisted housing unit by the
owner, repayment of the outstanding land bank loan
amount and applicable accrued interest shall be
required and the affordability timeframe
requirement terminated.
V. Compliance Agreement and Security Instrument
The county's Land Bank Acquisition Tax Deed
Purchase Loan shall be secured by a mortgage in
favor of Indian River County. This mortgage may be
subordinated to construction and/or permanent
mortgages applied to the same unit upon approval of
the IRCLHAProgram Review Committee. This mortgage
shall serve as the eligible recipient' s contractual
commitment to comply with the requirements of the
IRCLHAProgram.
C. Estimated Unit Assistance and Pricino for the
IRCLHAProaram
Use of the listed Local Housing Assistance Program Strategies
by the IRCLHAProgram will result in the provision of eligible
38
housing units for residents of the county. The housing units
assisted can be expected to serve various populations of
eligible recipients. Exhibits "A", "B" and "C", respectively
list the Housing Delivery Goals for funds provided by the SHIP
Program for FY 1997-98, FY 1998-99, and FY 1999-2000.
The estimates listed in Exhibits "A", "B" and "C" shall not be
considered binding requirements to be satisfied by the
IRCLHAProgram. The estimates shall serve as references in
conducting the IRCLHAProgram, and may be utilized in
comparison to completed assistance activities of the
IRCLHAProgram.
D. IRCLHAProgram Administration/Implementation Activities
The IRCLHAProgram shall be administered and implemented by the
Indian River County Community Development Department. The
Community Development Department may, with the approval of the
Indian River County Board of County Commissioners, contract-
out with private or public, profit or non-profit organizations
for services to conduct one or more administration or
implementation activities of the IRCLHAProgram.
The general administration and implementation activities for
the IRCLHAProgram shall comply with the guidelines and
procedures established for the administration and
implementation activities listed in the following sections:
1. Program Expenditures
A maximum of ten percent (10) of the annual local distribution
IMIanee e€ kmd8 e€ = the Indian River County Local Housing
Assistance Trust Fund (IRCLHATF) may be expended to provide
for the costs of administering and implementing the
IRCLHAProgram. The Board of County Commissioners has made a
finding by separate resolution that expenditures for
administration and implementation of the IRCLHAProgram may
exceed five percent (5%) of the IRCLHATF annual balance;
however, at no time shall the funds expended for
administration and implementation of the IRCLHAProgram exceed
ten percent (10%) of the local distribution for that fiscal
year.
Expenditures of funds from the IRCLHATF shall be monitored on
a regular basis for compliance with the expenditure limitation
established by the Board of County Commissioners.
Administration and implementation activities of the
IRCLHAProgram which may be funded with SHIP funds shall be
limited to those items associated with conducting the
administration and implementation activities listed in this
39
i
Plan. Examples of the items which may be funded include the
following:
a. staff salaries to conduct the administration and
implementation activities
b. purchase of office supplies and materials to produce
materials and documents required for the program
c. costs for publications and ads to promote the IRCLHAProgram
d. travel expenditures related to conducting and operating the
IRCLHAProgram
e. expenses for contract services rendered for information or
administration and implementation activities provided by
third parties for the IRCLHAProgram
f. studies conducted by the local government or by consultants
selected by the local government to provide data on
affordable housing need and demand in the county.
Estimated budgetary expenditures for conducting the
administrative activities are identified below:
�- Fiscal Year 1997 - 1998
Salaries and Fringe Benefits $54,745. 00
Office Expenses 6,000. 00
Travel 500. 00
Advertising 1,000. 00
Total $62,245. 00
Item Fiscal Year 1998 - 1999
Salaries and Fringe Benefits $59,083 . 00
Office Expenses 6,000. 00
Travel 500. 00
Advertising 1.000. 00
Total $66,583.00
Item Fiscal Year 199 - 2000
Salaries and Fringe Benefits $59,497.00
Office Expenses 6,000.00
Travel 500.00
Advertising 1.000.00
Total $66,997.00
2. Application Periods
Applications for participation in the IRCLHAProgram will
be accepted on a year round basis. Advertisements and
notices to promote the IRCLHAProgram shall include
application information for the IRCLHAProgram, and
40
production of the advertisements and notices shall
constitute a part of the administrative application
preparation and review processing activities.
Funds from the IRCLHATF shall be allocated for
encumbrance on a first application complete, first
application served basis as applicants are approved and
qualified for participation in the program.
No anticipated funds for future commencing fiscal years
shall be encumbered. Furthermore, the encumbrance of
funds in a manner which would not comply with the
requirements of the IRCLHAProgram and the IRCLHAPlan is
not permitted.
3. Application Processing
Applications submitted by eligible sponsors or persons
for participation in the IRCLHAProgram shall be reviewed
by staff members of the Community Development Department
or separate third party under contract to conduct
application reviews for the IRCLHAProgram.
A maximum of twenty (20) working days may be utilized for
review of any submitted application, however, reviews may
exceed this period pending the receipt of information or
documentation required to complete the evaluation of the
application. Applications will be processed based on
first application completed, first application reviewed
by the county loan review committee.
4. IRCLHAProgram Applicant Criteria
Eligible persons or sponsors applying for participation
in the IRCLHAProgram shall comply with the following
requirements:
a. Income Level
All applicants shall be classified as very low-,
low-, or lower half of moderate-income persons;
however, in cases where the applicant is an
eligible sponsor but not an eligible person, the
assisted housing unit must be occupied by persons
classified as very low-, or low-income persons.
b. Employment Verification
Applicants seeking assistance from the
IRCLHAProgram to purchase eligible housing units
41
shall be eligible persons meeting one of the
following employment criteria:
i. Suitable documentation indicating current,
continuous employment for a minimum of one (1) year
in the same position or within the same business or
firm; or
ii. Suitable documentation indicating current
employment (within twelve (12) months of an
application submittal) as a seasonal farmworker,
with a minimum of two (2) consecutive years as a
seasonal farmworker, whereby the first period of
seasonal employment shall have been for the full
duration of the season, and the second period shall
have been for a minimum of one-half (%) of the
current season, if the eligible person(s) may be
classified as a seasonal farmworker(s) ; or
iii. An eligible person(s) classified as a person(s)
with special housing needs, excluding seasonal or
migrant farmworkers, shall be exempt from any
employment requirement for participation in the
IRCLHAProgram.
c. Asset Verification
Total assets (cash or non-cash items that can be
converted to cash) of eligible persons applying to
purchase a housing unit under, or occupy a housing
unit assisted by, the IRCLHAProgram shall not
exceed ten thousand dollars ($10,000.00) .
Af Ft
€thele aFe—tie Assets to be considered will be
determined based on guidelines provided by the
Florida Housing Finance Agency (a copy attached as
exhibit D) .
d. Mortgage/Rent Verification
The amount of monthly housing expenses paid by
eligible persons for owner occupied or rental
housing units assisted by the IRCLHAProgram shall
be considered affordable as defined in Rule 9I-
37.002, FAC.
e. Credit Verification
Eligible persons receiving assistance from the
IRCLHAProgram shall maintain a valid, satisfactory
42
credit rating for a minimum of one (1) year prior
to receiving approval for any IRCLHAProgram
application.
For applicants applying for both SHIP funds and a
loan from a financial institution, the applicable
financial institution shall determine whether each
applicant's credit is satisfactory based upon the
applicable financial institution's credit
standards. For all other applicants except
applicants for rehabilitation loans, county staff
will assess each applicant's credit based upon the
information provided in a credit report from one of
the three national credit reporting agencies. An
applicant will be deemed to have satisfactory
credit if the applicable credit report shows that,
in the previous 12 months, the applicant had:
- No more than (4) 30 day late payments
- No more than (1) 60 day late payment
- No 90 day late payments
- No more than 2 collections
- No Collection or combination of collections
more than $500.00
Judgment liens for medical expenses may be
acceptable if a repayment plan is established and
payments have been made for at least the previous
12 months.
Regardless of an applicant's credit history for the
previous 12 months, an applicant's credit will NOT
be considered satisfactory if the applicant's
credit history shows:
- Any charge offs that were not subsequently
paid or discharged in a bankruptcy
- Active judgments against the applicant
- Repossessions with a remaining balance payable
by the applicant
- Bankruptcies that have not been fully
discharged for two years with no new negative
credit history
Applicants for rehabilitation loans will be deemed
to have satisfactory credit if the applicable
credit report shows that there is no active charge
off or judgement against the applicant.
43
f. Homebuyer Status
Eligible persons utilizing assistance from the
IRCLHAProgram to purchase a new or existing housing
unit shall not have owned or held title to a
housing unit anytime within the three (3) year
period prior to receiving any application approval
for participation in the IRCLHAProgram.
g. Home Inspection
For applicants applying for both SHIP funds and a
loan from a financial institution, the applicable
financial institution shall, based on its appraisal
report and/or internal policy, determine what type
of home inspection is needed. The financial
institution shall arrange for the inspections
through their established procedures and shall be
responsible for all approval contingencies.
For all other applicants, the county shall require
a termite inspection for all existing housing units
to be purchased with SHIP funds. The county shall
also require the following inspections for all
existing units five years or older to be purchased
with SHIP funds:
- Roof
- Plumbing system
- Electrical system
- Heating and Air conditioning system
All county required inspections must be performed
by public service licensed inspectors; registered
or certified residential, building, or general
contractors; or licensed trade contractors as
appropriate. Home inspection reports requested by
the county shall be reviewed by the county's
building officials to determine the condition of
the home.
Based on the results of the home inspection review
by the bank or the county, one of the following
three actions will be taken:
- If the home is in good condition, the
downpayment/closing cost loan application will
be submitted to the loan review committee for
approval;
- If the home needs some rehabilitation work and
if the applicant is eligible to receive a
44
combination downpayment/closing cost and
rehabilitation loan, a combined downpayment/
closing cost and rehabilitation application
will be submitted to the loan review committee
for approval; or
If the home is in excessive disrepair and
cannot be fixed, the loan application will not
be approved.
Home inspection charges are considered to be
eligible downpayment/cloning coat expenses and
payable through SHIP funds. In cases where the
county requests a home inspection, but due to the
condition of the home a downpayment/closing cost
loan cannot be approved, the cost of the home
inspection will be paid through the administration
portion of SHIP funds.
h. Non-Profit Organization Selection Criteria
Non-profit organizations eligible to participate in
the local housing assistance program shall be
selected according to the following criteria:
0 Ability to proceed with the construction or
rehabilitation activities and receive a
certificate of occupancy within one year of
the closing transaction date
• Number of units provided per year
0 Ability to provide maximum leverage against
SHIP funds
• The length of time the organization has been
in Indian River County
• Experience in the development of affordable
housing
0 The organization must be a non-profit entity
with current 501(c) (3) tax exempt status
5. Application Review
Applications shall be reviewed by Community Development
Department staff or the third party entity identified by
contract to conduct application review activities for
compliance with the criteria listed in the previous
Section. Those applications not satisfying the review
criteria shall be classified as disqualified.
Applications satisfying the review criteria shall be
forwarded to the IRCLHAProgram Loan Review Committee
(IRCLHAPRC) for final review and approval of the
application.
45
a. Disqualified applicants shall be informed of the
areas causing denial of the submitted application and be
encouraged to correct the reasons for denial if possible
and then reapply.
b. Applicants approved for participation in the
IRCLHAProgram shall be issued a Notice of Commitment
indicating that the applicant has qualified for
participation in the IRCLHAProgram; this notice shall
also indicate the award type and the amount of the award.
The Notice of Commitment shall be valid for a maximum of
_ Ninety (90) working days. The applicant must obtain a
written extension letter to maintain the Notice of
Commitment beyond the ninety (90) day maximum.
6. Transfer/Dispersal of Funds for Housing Units
Prior to the actual transfer or dispersal of funds from
the Indian River County Local Housing Assistance Trust
Fund, the following activities and documentation shall be
completed:
a. Housing Unit Inspection/Certificate of Occupancy
All eligible housing units shall receive
satisfactory approval for occupancy via one of the
following methods:
i. For new unconstructed housing units: The
funds awarded for construction of a new
housing unit shall be transferred or dispersed
to the financial institution providing the
construction loan for the housing unit for
inclusion in the construction guarantee pool.
ii. For existing or new constructed housing units:
a satisfactory housing code inspection or
Certificate of Occupancy, as appropriate,
shall be obtained prior to transfer or
dispersal of the funds awarded via the
IRCLHAProgram.
iii. For rehabilitated housing units: a
satisfactory final inspection and satisfactory
housing code inspection shall be obtained
prior to transfer or dispersal of the funds
awarded via the IRCLHAProgram.
46
b. Mortgage/Subordinated Mortgage Documentation
All documentation relating to the mortgage and/or
subordination of the mortgage which serves as the
eligible recipient's contractual commitment to
comply with the requirements of the IRCLHAProgram
shall be completed and the mortgage document(s)
prepared for filing in the public record.
Preparation of the mortgage document(s) shall
comply with all Federal, State, and Local
regulations.
The mortgage documentation shall specify the
IRCLHAProgram Strategy assisting in the provision
of the housing unit, the amount of the funding
award for the unit, the applicable interest rate
for the funding award, the commencement and
termination dates for the unit's required
affordability classification timeframe and unit
resale requirements as applicable.
7. IRCLHAProgram Compliance Monitoring
All housing units shall be monitored for compliance with
the requirements of the IRCLHAProgram and Strategies as
follows:
a. Compliance Review Activities
All housing units assisted by the IRCLHAPrograrn
shall be subject to the following monitoring
activities to determine compliance with the
requirements of IRCLHAProgram and Strategies as
appropriate:
i. Property Tax Payment Verification
For owner financed units, compliance
verification with this requirement shall be
conducted on an annual basis. For units
receiving principal financing from a financial
institution, payment of property taxes will be
made through an escrow account.
ii. Homeowner/Property Owner Insurance
Verification
For owner financed units, compliance
verification with this requirement shall be
conducted on an annual basis. For units
receiving principal financing from a financial
47
institution, payment of property taxes will be
made through an escrow account.
iii. Owner and Eligible Person Occupancy
Verification
Compliance verification with this requirement
shall occur as needed.
iv. Rental Rate Verification
Compliance verification with this requirement
shall be conducted on a once-a-year basis as a
minimum; however, this compliance verification
activity may be conducted on a more frequent
or staggered basis.
b. Non-compliance Notification
The owners of housing units found not in compliance
with the required IRCLHAProgram and Strategy
requirements shall be notified that the unit has
been found "not in compliance" and if the non-
compliance status is not corrected within thirty
(30) working days, the housing unit may be subject
to foreclosure under the subordinate mortgage
compliance agreement at the discretion of the
Hoard of County Commissioners based upon the
recommendation of the IRCLHAProgram Loan Review
Committee.
For housing units found to be chronic or repeat
non-compliance units, the IRCLHAProgram shall have
the authority to foreclose upon the housing units
and take possession of the units from the owner.
Chronic or repeat non-compliance shall be
considered more than two (2) non-compliance
findings in one year, or more than three (3) non-
compliance findings in two (2) years.
8. Assisted Housing Unit Resale
The resale of housing units assisted by the IRCLHAProgram
will require coordination with Indian River County, and
satisfaction of the mortgage or subordinated mortgage
held by Indian River County.
The resale of renter- and owner-occupied housing units
assisted by the IRCLHAProgram shall be subject to
repayment of the full loan amount and applicable accrued
interest.
48
The payment of the principal loan amount and applicable
accrued interest shall be consistent with provisions
identified for each assistance strategy.
The amount of funds calculated by application of the
repayment provision shall be paid by the selling
household and redeposited into the Indian River County
Local Housing Assistance Trust Fund for redistribution by
the IRCLHAProgram. However, the initial transfer of
title for the assisted housing unit between an eligible
non-profit organization sponsor and the eligible
person(s) acquiring the unit via a lease-purchase
agreement shall not be considered the resale of the unit
requiring repayment of the loan amount, interest amount
and calculated recapture amount.
The Satisfaction of Mortgage shall be executed upon
payment of both the original loan/grant principal amount
and its applicable accrued interest as required by the
corresponding IRCLHAProgram Assistance Strategy or
Strategies.
9. Data Development and Compilation
The Community Development Department staff may collect
and/or compile data to be utilized in analyzing the
efficiency of the IRCLHAProgram, analyzing the need for
affordable housing in Indian River County, developing
additional assistance strategies for the IRCLHAProgram,
or for improving the IRCLHAProgram.
10. IRCLHAPlan Compliance Monitoring
The IRCLHAProgram shall be conducted in compliance with
the Indian River County Local Housing Assistance Plan
(IRCLHAPlan) and the requirements of the State of Florida
State Housing Initiatives Partnership (SHIP) Program and
Rule 91-37, Florida Administrative Code (FAC) .
a. The Community Development Department staff shall
monitor all activities conducted as part of the
IRCLHAProgram for compliance with the requirements of the
IRCLHAPlan and Rule 91-37 FAC.
Upon determination that the IRCLHAProgram will be unable
to comply with the requirements of the IRCLHAPlan or Rule
9I-37 FAC:
i. The Community Development Department shall provide
written notification of non-compliance to the
Florida Housing Finance Agency within ten (10)
49
working days of the non-compliance determination;
and
ii. Amendment proceedings to revise the IRCLHAPlan
shall be commenced within twenty (20) working days
of the non-compliance determination in order to
reconcile the discrepancy between the requirements
of the IRCLHAProgram and the IRCLHAPlan.
b. The Community Development Department shall monitor
expenditures of funds distributed from the State of
Florida to the IRCLHA program to ensure that funds are
encumbered within 6 12 months following the end of the
state fiscal year in which the funds were received and
expended within 24 months following the end of the state
fiscal year in which the funds were received.
C. SHIP local housing distribution funds shall be used to
implement the local housing assistance plan as outlined
in this plan and to be used as supplement or match for
other state and federal funds such as the Home Investment
Partnership Program (HOME) as permitted by rule 9I-37
F.A.C.
d. The Community Development Department staff shall
complete on an annual basis an Annual gees Report
analyzing and listing the activities and accomplishments
of the IRCLHAProgram. The IRCLHAProgram Annual 0p<az4t ne
Report (IRCLHAPAR, AR) shall conform to the following
requirements:
i. IRCLHAPAR Preparation
(a) The IRCLHAPAR shall be compiled and drafted by
Community Development Department staff and submitted to
the Florida Housing Finance Corporation Ageaey by
Hees September 15 of each calendar year for all
fiscal years that funds were not completely expended;
(b) The draft AR shall be made available for public
inspection and comment. Written comments received from
the public shall be included in the final AR;
(c) The draft AR shall be revised to include and reflect
public comments provided and shall be signed by the
chairman of the Board of County Commissioners;
(d) The Indian River County Board of County
Commissioners shall review the proposed AR and direct
staff to transmit the proposed AR to the Florida Housing
50
. v
Finance Corporation Ageney (FHFC) for its compliance
review;
(e) The AR shall be transmitted to the FHFC prior to
Neveskee September 15th of the calendar year for the FHFC
to complete its compliance review for the AR;
ii. IRCLHAPAR Information
The AR shall include the summary information
required by Florida Statute Section 420.9075(7) and
Rule 9I-37.016, Florida Administrative Code. Such
information shall include, but not be limited to,
the following:
(a) The number of people served by income, age,
family size, and race, as well as data regarding
any special needs populations such as farmworkers,
rural residents, and the elderly;
(b) The number of units and the average cost of
producing units under each program;
(c) The average sales price of a single-family
unit and the amount of rent charged for a rental
unit based on unit size;
(d)The number of mortgages made and the rate of
default;
(e) A description of the implementation of the
affordable housing incentive plan and the resulting
reduction in housing costs;
(f) A concise description of the support services
that are available to the residents of affordable
housing provided by local programs; and
(g) Other data or affordable housing
accomplishments considered significant by the
Indian River County Board of County Commissioners.
iii. Timetable for Expenditures
The administration and implementation activities
associated with conducting the IRCLHAProgram may proceed
at varied rates throughout each fiscal year. The
estimated timeline at which each of the activities may
proceed throughout each fiscal year for all strategies is
indicated in the following chart:
51
rt '
FISCAL YEAR 1997-98 (July 1, 1997-June 30, 1998)
Month of Fiscal Year
Activity 1 2 3 4 5 6 7 8 9 10 11 12 24•• 36--
J A S O N D J F M A M J
Advertising the
Availability of Funds- X
Application Review X X X X X X X X X X X
Application Approval x X X X X X X X X X X
Encumbrance of Funds•• X % X X X X X % X X X X
Expenditure of Pu ds... X X X X X X X X X X X X X
Compliance Monitoring X X X X X X X X X X X X X
FISCAL YEAR 1998-99 (July 1, 1998-June 30, 1999)
Month of Fiscal Year
Activity 1 2 3 4 5 6 7 8 9 10 11 12 24•• 36••
J A S O N D J F M A M J
Advertising the
Availability of Funds- X
Application Review X X X X X X X X X X X
Application Approval X x X X X X X X X X X
Encumbrance of Funds— X X X X X X X X X X X X
Expenditure of Funds... X X X X X X X X X X X X X
Compliance Monitoring X X X X X X X X X X X X X
FISCAL YEAR 1999-2000 (July 1, 1999-June 30 2000)
Month of Fiscal Year
Activity 1 2 3 4 5 6 7 8 9 10 11 12 24•• We
J A S O N D J F M A M J
Advertising the
Availability of Funds- X
Application Review X X X X X X X X X X X
Application Approval X X X X X X X X X X X
Encumbrance of Funds-- X X X X X X X X X X X %
Expenditure of Funds... X X X X X X X X X X X I % X
Compliance Monitoring X X X X X X x X X X X x X
* Advertise availability of funds and application period
** Encumbrance of funds (12 months following end of state FY)
*** Expenditure of funds (24 months following end of state FY)
Note: Annual report must be submitted to the FHFC by NovewtbeLc
September 15 of each year
52
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IV. AFFORMLt NOUSIM INCZNTIVZ STRATZGIZB
Since adoption of the county's comprehensive plan in 1990, the
county has established several new housing programs and regulations
to address various housing problems. In addition, the county has
reviewed all of its ordinances and regulations to determine if any
unnecessarily increase housing costs. Where appropriate, the
regulations and ordinances were revised to encourage the provision
of affordable housing within the county.
The county's affordable housing incentive strategies affecting
affordable housing are as follows:
* Regulations providing up to a 20% density bonus for
affordable housing development projects (housing element
policy 2 .5, Land Development Regulations Section
911.14(4) (a) ) .
* Regulations allowing for small lot subdivisions with
reduced setbacks, lot size, and lot width requirements
(Land Development Regulations, Chapter 911 and section
971.41(9) ) .
* Regulations allowing for accessory single-family dwelling
units in all agricultural and residential zoning
districts (Land Development Regulations, Chapter 911 and
Section 971.41(10) )
* Regulations allowing multi-family dwelling units in
conjunction with commercial development, such as
apartments over commercial buildings (Land Development
Regulations Section 911.10 and Section 971.41 (6) )
* Policies for expedited permit processing (Housing Element
policies 1.5 and 1.6)
* Policy for review of proposed local policies or
regulations which may increase the cost of housing
(Housing Element policy 1.7)
* Inventory of all surplus county owned land (Housing
Element policy 2.4)
* Regulations allowing zero lot line subdivisions (Land
Developent Regulations Section 915.15)
* Establishment of a Local Housing Assistance Program,
allowing the county to utilize State Housing Initiatives
Partnership (SHIP) program funds for the provision of
affordable housing (Local Housing Assistance program,
Local Housing Assistance plan, Housing Element policies
2.7, 3.5, 4.4, 4.6, 4.7, 4.9, and 9. 1)
53
Following are citations from the county's Comprehensive Plan and
Land Development Regulations (LDRs) for the above referenced
affordable housing incentive strategies. In the case of amendments
to the county's comprehensive plan policies or land development
regulations that cause inconsistency between this section of the
Local Housing Assistance Plan and the county's Comprehensive Plan
or Land Development Regulations, the Comprehensive Plan and Land
Development Regulations will control.
• Density Bonus
- Housina Element Policy 2.5
POLICY 2.5 The county shall maintain its affordable housing
density bonus provision for planned development projects, allowing
eligible affordable housing projects to receive up to a 20% density
bonus based on the following table.
Very Low Income Density Additional Density Bonus for Range of
WLI) and Low Bonus Providing Additional Buffer and Possible
Income (LI) (Percent Landscaping based on one of the Density
Affordable Units increase following options (percent Bonus
as Percentage of in increase in allowable units) Percentage
Project's Total allowable (Percent
Units units) Option I Option II increase
in
allowable
Material equal Material equal units)
to a 10' wide to a 20' wide
Type C buffer* Type B buffer*
with 6' opaque with 6' opaque
feature along feature along
residential residential
district district
boundaries and boundaries and
4' opaque 4' opaque
feature along feature along
roadways roadways
More than 308 110% 5% or 1 10$ 1 10-204
' Buffer types are identified in Chapter 926 of the county's Land Development Regulations
- Section 91114 (4)of the LDRs Density Bonus
(a) Affordable housing. Residential developments may receive a
density bonus not to exceed twenty (20) percent of the density
permitted by the applicable zoning district.
3. For the purpose of this section, an affordable dwelling
unit shall be a dwelling unit which:
a. Has a market value less than two (2) times the
county's annual median household income for Indian
54
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River County as established by the Florida Housing
Finance Corporation; or
b. Has a monthly rent less than one-twelfth (1/12)
times thirty (30) percent of 80% of the county' s
annual median household income for Indian River
County as established by the Florida Housing
Finance Corporation.
4. Affordable dwelling units provided in compliance with
this section, regardless of whether or not the affordable
dwelling units are part of a planned development project,
shall comply with the following requirements:
a. The affordable dwelling unit shall remain available
as an affordable dwelling unit for the following
periods:
i. Owner-occupied units shall remain affordable
dwelling units for a period of not less than
twenty (20) years commencing on the first day
following the issuance of a certificate of
occupancy, or equivalent final building
inspection, for the unit.
ii. Renter-occupied units shall remain affordable
dwelling units for a period of not less than
fifteen (15) years commencing on the first day
following the issuance of a certificate of
occupancy, or equivalent final building
inspection, for the unit;
b. Initial occupancy of an owner-occupied affordable
dwelling unit shall be by a household classified as
very low-income, low-income or moderate-income
whereby the classification is verified by the
Indian River County Community Development
Department or an agency, either public or private,
designated by the community development department
or by any state or federal public agencies.
C. Households occupying an affordable housing rental
unit shall be classified as very low, low, or
moderate-income households whereby the
classification is verified by the Indian River
County Community Development Department, or its
designee or by any state or federal public agency,
prior to the household's occupancy of the unit.
While occupying the affordable housing rental unit,
a household's annual adjusted gross income may
increase to an amount not to exceed one hundred
forty (140) percent of one hundred twenty (120)
55
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percent of the county's median household income
adjusted for household size.
d. With respect to owner-occupied affordable dwelling
units provided under the provisions of the section:
i. The owner-occupant's household annual adjusted
gross median income may increase without limit
following the household's purchase of the
affordable dwelling unit; and
ii. Resale of an affordable dwelling unit by the
initial owner or any subsequent owner shall be
subject to one of the following provisions:
a. If the purchasing household is not
verified to be either a very low, or low
income household, then the selling
household shall be subject to providing a
cash payment of the original loan amount
and applicable interest, to the Indian
River County Local Housing Assistance
Trust Fund.
b. If the purchasing household is verified
to be either a very low, or low income
household, then the selling household
shall not be required to provide any
payment.
e. For projects utilizing the provision of on-
site or off-site affordable dwelling units, no
certificate for occupancy for a market rate
priced dwelling unit shall be issued unless
the ratio of market rate dwelling units
certified for occupancy to affordable dwelling
units certified for occupancy is equal to or
greater than the overall project's approved
ratio of market rate dwelling units to
affordable dwelling units.
f. Prior to the issuance of a certificate of
occupancy for the affordable dwelling unit(s) ,
a separate private deed covenant, entitled a
"restriction on transfer", shall be filed in
the public records of Indian River County.
The covenant shall be subject to review and
approval by county staff in order to verify
compliance with the requirements of this
section, and the covenant shall:
56
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i. Identify the subject unit as an
affordable dwelling unit and specify that
at no time may the identified unit be
utilized as a model home, construction
office or other non-residential occupancy
use; and
ii. Identify the units corresponding fifteen
or twenty year affordability timeframe;
and
iii. Identify that the initial owner and each
subsequent owner of an owner-occupied
affordable dwelling unit must satisfy and
comply with the re-sale provision of the
county's local housing assistance plan;
and
iv. Identify the Board of County
Commissioners of Indian River County or
its community development department or
as its designee, as the agency with
enforcement and verification authority to
enforce the terms of the covenant, and as
the contact agency for closing agents to
obtain estoppel letters; and
V. Identify any additional terms or
conditions relating to the provision of
the affordable dwelling unit as
established by the Board of County
Commissioners via its review and approval
of the corresponding planned development
approval.
vi. Specify that monitoring the occupancy of
the affordable dwelling unit shall be
included in the compliance monitoring
activities of the county's local housing
assistance program, or a suitable
substitute determined by the Indian River
County Board of County Commissioners.
vii. Specify that no provision of the
restrictive covenant may be amended
without the consent of the Board of
County Commissioners of Indian River
County.
5. An applicant may obtain a development density bonus
for a planned development project in compliance
with one of the following options:
57
4
a. An applicant may obtain a density bonus by
providing affordable dwelling units within the
residential development project which will
utilize the density bonus. For development
projects utilizing the on-site affordable
dwelling unit density bonus, the affordable
housing density bonus shall be determined as
indicated in the following table:
Very Low Income Density Additional Density Bonus for Range of
WLI) and Low Bonus Providing Additional Buffer and Possible
Income (LI) (Percent Landscaping based on one of the Density
Affordable Units increase following options (percent Bonus
as Percentage of in increase in allowable units) Percentage
Project's Total allowable (Percent
Units units) option I Option II increase
in
allowable
Material equal Material equal units)
to a 10' wide to a 20' wide
Type C buffer* Type B buffer*
with 6' opaque with 6' opaque
feature along feature along
residential residential
district district
boundaries and boundaries and
41 opaque 41 opaque
feature along feature along
roadways roadways
More than 308 108 56 or 108 10-208
* Buffer types are identified in Chapter 926 of the county's Land
Development Regulations
b. An applicant may obtain a density bonus by
providing affordable dwelling units off-site
from the residential development project which
will utilize the density bonus. For
development projects utilizing the off-site
affordable dwelling unit density bonus, the
affordable housing density bonus shall be
determined as follows:
The percentage of density bonus shall be one
half (1/2) of the applicable density bonus as
determined for on-site affordable housing
projects as provided in the above table.
58
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(5) Approval procedure and other requirements. All planned
developments shall be reviewed consistent with the
requirements of Chapter 915, Planned Development.
Small Lot Subdivision
- Section 971.41(9) of the LDRs
(a) Districts requiring administrative permit approval,
(pursuant to the provision of 971.04) :
RS-6, RT-6, RM-6, RM-8, RM-10
(b) Criteria for small lot subdivisions:
1. The small lot subdivision shall be serviced by
centralized water and wastewater.
2. The gross density of any small lot subdivision
shall not exceed the maximum density allowed within
the zoning district in which the subdivision is
located.
3. Perimeter lots are those lots which abut or are
adjacent to areas not included in the proposed
small lot subdivision. Perimeter lots which abut
property having a residential or agricultural
zoning designation shall:
a. Conform to the standard applicable size and
dimension criteria of the respective zoning
district in which the project is located; or
b. Comply with the following size and dimension
criteria:
Minimum lot width: 50 feet
Minimum lot size: 5,000 sq. ft.
Minimum yard setbacks:
Front: 20 feet
Side: 7 feet; 5 feet on lots
fronting a cul-de-sac
circle
Rear Minimum rear yard setbacks
shall be provided, based
upon lot width, as
indicated in the table
below:
59
.v .
Lot width (feet) : Rear Yard (Feet)
z 50 & <55 30
z 55 & <60 27
i 60 & <65 24
i 65 & <70 22
6. Interior lots (those determined not to be perimeter
lots) and those perimeter lots which abut a
property having a commercial/industrial land use
designation shall comply with the following size
and dimension criteria:
Minimum lot width: 50 feet
Minimum lot size: 5,000 sq. ft.
Minimum yard setbacks:
Front: 20 feet
Side: 7 feet; 5 feet on lots
fronting a cul-de-sac
circle
Rear: 15 feet
5. Accessory structures may encroach into required
yards as allowed in section 911.15 of the land
development regulations.
6. A buffer maintenance easement, having a minimum
width of ten (10) feet, shall be provided along the
perimeter of the small lot subdivision between the
small lot subdivision and all abutting
residentially designated properties, except where
the proposed small lot subdivision abuts another
approved small lot subdivision or abuts an older,
"grandfathered-in" subdivision where fifty (50)
percent or more of the lots have been developed as
fifty-foot wide single-family lots. Where
required, the buffer easement shall comply with the
following criteria:
A. A six-foot opaque buffer improvement shall be
provided within the easement and shall consist
of one of the following:
Existing and/or planted vegetation
A combination of a landscaped berm and
vegetation.
60
A wall or opaque fence.
Any other buffer improvement(s) allowed under
the provisions of section 926.08 of the land
development regulations.
B. The buffer improvement (s) shall be located
within a buffer easements) as designated on
the small lot subdivision plat. Said
easement(s) shall be depicted on the final
plat and shall be dedicated to the
subdivision's property owners, association to
ensure maintenance of the buffer easement
improvement(s) shall be provided in accordance
with the provisions of section 913.08 of the
land development regulations.
C. No structure(s) , other than those related to
buffering, drainage or utilities, shall be
located in the buffer easement.
7. Minimum building setbacks as specified in
971.41(9) (b)3. and 4. above, shall be depicted as
a residential building envelope on the preliminary
plat. Language shall be noted on the final plat to
the effect that specially-approved setbacks are in
effect on the lots.
• Accessory single-family dwelling units
- Section 971 41 (10) of the LDRs
(a) The construction of an accessory dwelling unit on a
residentially zoned lot shall be allowed subject to the
Provisions of section 971.41(10) . The standards and
requirements of this section are intended to make
available inexpensive dwelling units to meet the needs of
older households, single member households, and single
parent households. This is in recognition of the fact
that housing costs continue to increase, that households
continue to decline in size, and that the number of
elderly Americans is on the rise.
(b) Districts requiring administrative permit approval,
(pursuant to the provisions of 971.04) :
A-3, A-2, A-1, RFD, RS-1, RS-2, RS-3, RS-6, RT-6,
RM-3, RM-4, RM-6, RM-8, RM-10, Con-2, Con-3, Rose-4
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(c) Requirements of section 971.41(10) shall not
supersede property owner deed restrictions.
(d) Additional information required:
1. A site plan conforming to Chapter 914
requirements
(e) Criteria for accessory dwelling units:
1. Accessory dwelling units shall be located only
on lots which satisfy the minimum lot size
requirement of the applicable zoning district.
2. The accessory dwelling unit shall be clearly
incidental to the principal dwelling and shall
only be developed in conjunction with or after
development of the principal dwelling unit.
3. Not more than one (1) accessory dwelling unit
shall be established in conjunction with a
principal dwelling unit .
4. No accessory dwelling unit shall be
established in conjunction with a multi-family
dwelling unit.
5. The heated/cooled gross floor area of the
accessory dwelling unit shall not exceed
thirty-three (33) percent of the principal
structure or seven hundred fifty (750) gross
square feet, whichever is less. The accessory
dwelling unit shall be no smaller than three
hundred (300) gross square feet of
heated/cooled area.
6. No accessory dwelling unit shall have a
doorway entrance visible from the same street
as the principal dwelling unit .
7. Detached accessory dwelling units shall be
located no farther than seventy-five (75) feet
in distance from the principal dwelling unit
from the closest point of the principal
dwelling unit to the closest point of the
accessory dwelling unit.
8. Excluding converted garage accessory dwelling
units, the accessory dwelling unit shall be
designed so that the exterior facade material
is similar in appearance to the facade of the
existing principal structure.
62
9. One (1) off-street parking space shall be
provided for the accessory dwelling unit in
addition to spaces required for the principal
dwelling unit.
' 10. The accessory dwelling unit shall be serviced
by centralized water and wastewater, or meet
the environmental health department's well and
septic tank and drainfield requirements.
Modification, expansion or installation of
well and/or septic tank facilities to serve -41
the accessory dwelling unit shall be designed
in a manner that does not render any adjacent
vacant properties "unbuildable" for
development when well and/or septic tank
facilities would be required to service
development on those adjacent properties.
11. No accessory dwelling unit shall be sold
separately from the principal dwelling unit.
The accessory dwelling unit and the principal
dwelling unit shall be located on a single lot
or parcel or on a combination of lots or
parcels unified under a recorded unity of
title document.
12. An accessory dwelling unit shall be treated as
a multi-family unit for traffic impact fee and
traffic concurrency purposes, and the
concurrency requirements of Chapter 910 for a
multi-family unit shall be satisfied.
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• Multi-Family Dwelling Gaits in Conjunction with
Cos=sercial Development
Section 911.10 of the LDRs
C01MRCM DISTRICTS
USE PRO OCR NED CN CL Ca
Multi- P P A A A A
Family
Residential
P = Permitted use
A = Administrative permit use
PRO - Professional Office District
OCR = Office, Commercial, Residential District
MED - Medical District
CN = Neighborhood Commercial District
CL = Limited Commercial District
CG - General Commercial District
- Section 971.41(6) of the LDRs
Multiple-family dwellings in commercial areas (administrative
permit: no planning and zoning commission review or approval
required if associated with a site plan reviewed as an
administrative approval or minor site plan) .
(a) Districts requiring administrative permit approval,
(pursuant to the provisions of 971.04) : MED, CN, CL, CG
(b) Additional information requirements: a site plan meeting
the requirements of Chapter 914 which shows the location
and specification of all landscape materials, and the
location of all hospital emergency entrances or exits
within five hundred (500) feet of the site.
(c) Criteria for multiple-family dwellings within a MED
district:
1. All proposed developments shall be subject to the
size and dimension criteria for multi-family
dwellings within the RM-8 district;
2. No residential site shall be located within five
hundred (500) feet of a hospital complex, emergency
entrance or exit.
(d) Criteria for multiple-family dwellings within a CN, CL or
CG district:
64
1. All dwelling units shall be accessory to a
permitted use within the applicable zoning
district;
2. In cases where a single-family unit is being used
in conjunction with a business, the total area of
the residence may exceed the total area of the
business. No dwelling unit shall have street
frontage on the ground floor.
• Rpedit•d Permit Processing
Housing Element Policy 1.5
POLICY 1.5: By 2000, the county shall assess its existing permit
processing procedure and, if warranted, establish a full one-stop
permitting process.
- Housing Element Policy 1.6
POLICY 1.6: The county shall take all necessary steps to eliminate
delays in the review of affordable housing development projects.
In order to define delay, the county hereby establishes the
following maximum timeframes for approval of projects when an
applicant provides needed information in a timely manner:
• Administrative approval - 5 days;
• Minor site plan - 5 weeks;
• Major site plan - 6 weeks;
• Special exception approval - 13 weeks
Whenever these review times increase by 150% or more due to the
work load of the review staff, the county will begin prioritizing
the review of affordable housing development project applications.
In prioritizing affordable housing development project
applications, staff will schedule affordable housing project
applications for review before other types of project applications
to ensure that maximum review timeframes are not exceeded for
affordable housing projects.
• Sousing Cost Iapact Review Process
- Housing Element Policy 1 .7
POLICY 1.7: As part of the adoption process for any county
regulations which could affect housing development, county planning
staff shall prepare a Financial Impact Statement to assess the
anticipated impact of the proposed regulation on the cost of
housing. When proposed regulatory activities are anticipated to
65
v
increase the estimated cost per unit projection. The financial
impact statement then will be reviewed by the Professional Services
Advisory Committee, the Planning and Zoning Commission, and, if
possible, the Affordable Housing Advisory Committee. Those groups
shall consider the regulation's effect on housing cost in making
their recommendation to the Board of County Commissioners. The
Board of County Commissioners will consider the financial impact
statement in making its final decision on the adoption of any
proposed regulations.
• Surplus County Owned Land inventory
Housing Element Policy 2.4
POLICY 2. 4: The county's general services department shall maintain
an inventory of all surplus county-owned land and foreclosed
properties that could be used for affordable housing. The county
shall notify for-profit and non-profit affordable housing
developers whenever is proposes to sell surplus land.
Zero Lot Line Subdivisions
Section 915.15 of the LDRs
Planned development allowable waivers and development parameters.
Waivers from the various conventional standards and criteria found
in the Chapter 911, Zoning, may be granted by the Board of County
Commissioners via the establishment of special project development
parameters, as provided for herein.
(1) Conceptual P.D. plans shall list, for all areas and phases
within the P.D. project area, the proposed waivers and
development parameters for the following:
a. Minimum lot size (in square feet) ;
b. Minimum lot width (in feet) ;
C. Minimum lot frontage (in feet) ;
d. Minimum yard setbacks for buildings: front, rear, side
e. Minimum yard setbacks for accessory structures (such as
pools, patios, and decks) ; front, rear, and side;
f. Maximum lot coverage; building(s) and impervious surface
area;
g. Minimum separation distances between buildings;
h. Minimum right-of-way widths (by road type) ;
i. Minimum open space per lot and by phase (Note: the
minimum open space for the entire project shall meet or
exceed the requirements of section 915.18);
j. Minimum preservation/conservation area per lot;
66
Note: additional conceptual plan submittal requirements are
listed-out in section 915.22
(2) Notwithstanding other provisions in this chapter (915) and
Chapter 971, specific land use criteria listed in Chapter 971
may be waived (modified or not applied) where such criteria
would merely apply to the compatibility of uses within the
P.D. project area if approved by the county. Where specific
land use criteria apply to the relationship of a use(s) within
a P.D. project and properties adjacent to the project area,
the specific land use criteria shall apply pursuant to the
provisions of chapter 971.
(3) The conventional standards and criteria found in Chapter 911,
zoning, not covered in section 915.15(1) shall apply unless
otherwise specifically waived or modified by other provisions
of this chapter.
• Entablishing/Utilizing SHIP Program
Housing Element Policy 2.7
POLICY 2 .7: The county shall provide for the creation and
preservation of affordable housing for all current and anticipated
future residents and households with special housing needs
including rural residents and farmworkers by allowing affordable
housing in all residential areas, rehabilitating existing units
with SHIP funds, utilizing CDBG funds for housing rehabilitation
and neighborhood revitalization, and undertaking other measures to
minimize the need for additional local services and avoid a
concentration of affordable housing units in specific areas.
HO1181na Elemcanf pol i r•y 3.5
POLICY 3 The county shall offer rehabilitation loan assistance
through its local housing assistance program, cooperative ventures
with non-profit groups, or Community Development Block Grant (CDBG)
type programs to effect spot removal of blighted structures and
blighting influences.
Housina E ramun* po ;�., 4.4
POLICY 4 4• The county shall maintain its Housing Trust Fund which
provides below-market interest rate financing and/or grants for
land acquisition, downpayment/closing cost loans, impact fee
payment loans, and rehabilitation loans for affordable housing
units in the county. The fund will also assist non-profit
expenses associated with very
facilitators with pre-development
low, low, and moderate income housing development. Some
67
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disbursements from the Housing Trust Fund will be grant, but the
majority of funds will be revolving loans, with borrowers paying
back principal and applicable interest into the trust, therefore
ensuring a permanent source of financing.
- Housina Element Policy 4.5
POLICY 4.5: The county shall enter into interlocal agreements with
any county municipality which because of unusually high property
values or coastal high hazard area constraints cannot meet is
affordable housing needs within its jurisdiction, and desires to
contribute to the Housing Trust Fund. The amount and method of
payment will be established prior to execution.
- Housina Element Policy 4.6
POLICY 4.6: The county shall maintain its affordable housing
partnership with financial institutions for leveraging State
Housing Initiatives Partnership Program (SHIP) funds.
- Housina Element Policy 4.7
POLICY 4.7: The county shall encourage increased home ownership by
providing downpayment/closing cost loan assistance to eligible very
low income, low income, and moderate income households through the
county's local housing assistance program.
- Housina Element Policy 4.9
POLICY 4.9: The county shall require all applicants for
downpayment/closing cost loan assistance from the Indian River
County Local Housing Assistance Program to attend a homebuyers'
educational program workshop as a prerequisite for getting a loan.
The homebuyers' educational program provides useful information to
people wanting to buy their own home. Typical subjects presented
are as follows:
• Preparing for homeownership (including budgeting, saving,
etc. )
• Shopping for a home
• Obtaining a mortgage (qualifying, processing, etc.)
• Understanding mortgages and the closing process
• Life as a homeowner (includes maintenance and
responsibilities)
• Credit and credit reports
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- Housing i Ment policy 9,1
POLICY 9.1: The county shall maintain its local housing assistance
programs. As part of this coordination process, the county will
accept funds, land, in-kind services, or other types of payments
for housing assistance purposes from local municipalities which are
unable to provide sites for low cost housing within their
Jurisdictions.
69
V. PLAN AMOMIQNTS
The Indian River County Local Housing Assistance Plan
(IRCLHAPlan) shall be adopted and amended in conformance with
the following guidelines:
A. Authority
The IRCLHAPlan may be adopted and amended by a resolution or
by an ordinance of the Indian River County Board of County
Commissioners.
_ ..
B. Timina
At a minimum, the IRCLHAPlan must be amended, updated and
adopted (as revised) every three years. However, the
IRCLHAPlan may be amended or updated by the Indian River
County Board of County Commissioners at any time.
Furthermore, the IRCLHAPlan shall be amended and updated prior
to expiration of the currently adopted IRCLHAPlan's listed
date of duration.
C. Procedures
Adoption and amendment procedures for the IRCLHAPlan shall be
as follows:
1. The IRCLHAPlan and amendment proposals shall be compiled
by the Community Development Department staff.
2. To the extent feasible the IRCLHAPlan and compiled
amendment proposals shall be presented to the Indian
River County Affordable Housing Advisory Committee
(IRCAHAC) for review and consideration.
3. The IRCAHAC shall review the IRCLHAPlan and amendment
proposals and shall make a formal recommendation for
consideration of the IRCLHAPlan and the amendment
proposals to the Indian River County Board of County
Commissioners.
4. The Indian River County Board of County Commissioners
shall review the proposed IRCLHAPlan and amendment
proposals and vote to transmit the proposed IRCLHAPLan
and amendment proposals as approved by the Board, to the
Florida Housing Finance Corporation Ageney (FHFC) for its
compliance review.
5. The IRCLHAPlan and amendment proposals shall be
transmitted to the FHFC within ten (10) working days of
the Board of County Commissioners' determination to
70
transmit the IRCLHAPLan and amendment proposals to the
FHFC for compliance review.
6. Within thirty (30) working days following receipt of the
FHFC's review comments, the Board of County Commissioners
shall review the comments provided by the FHFC and adopt
the IRCLHAPlan and amendment proposals as transmitted to
the FHFC or as modified in response to the FHFC's
comments.
7. Within twenty-one (21) calendar days of adoption of the
revised IRCLHAPlan, Community Development Department
staff shall transmit two (2) certified copies of the
revised and adopted IRCLHAPlan to the Florida Housing
Finance Corporation Ageeey.
71
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.
S. 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 depository
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.
72
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. 420 .9072, F.S., and Chapter 91-37,
F.A.C.
Z' /w
Witness
Commissioner John W. Tippin
Charman Board of County Commissioners
Witness Name and Title
9/i / 9 F(
Date
Attest: 11K, BARTON
usv\ h, On Ctr COURT
f
73
4
Florida Hws6g F•aualce Agency wwrrrr.ar ,
EXHIBIT A HOUSING DELIVERY GOALS CHART rr�
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE MAN FOR STATE FISCAL YEAR. 1"74111 n
ta..tawr sss
Name of local GOvellntent: Indian River Canty Annual Allocation Amount:$622,455.00
HOMEOWNERSHIP Har.dafG laoaaie and Maa3aawt SM AWN& "M Caru.aw u�t vAgAd c�do TOM TOM
STRATEGIES u.i�.. uiaw w >aw o.r. sra o+w »•o+r aw arar nar�raR
f Fee 0 57,500 0 $7,500 5o 50 5o $O 0.001
3 $7,500 7 $7,500 t $50,000 $0 $O 550,000 ex
A 29 Alf,
537.
SIO-000 211 A& 4190774 so 291
o.W%
WWr•alnfrt~`v" 0 510,000 0 $10,000 0 SO SO $0 SO 0.001
w W ra■°i�rr.r rw 0 510,000 0 $10,000 0 $0 $0 $0 $0 O.W%
Kmow 11fimae • ) 23 37 5 65 $303,932 $180,7741 $75,504 $56.210 90.00
rrrc ttwtaa=O...riaa.rrweaayararildial r.cJ�6�raer lar aaala.a�)nirava�r.
RENTAL IMrrSddt by twcane aad Ma>immewa SHIPAwank Od-r;0—d- ar.r a p* Warr ob.M— Total Tafel
STRATEGIES uAbtw lTddUAft SWOWar STIPUdaa SMOdar SHWDdbm n■.�r�
Of 0 $10,000 O $10,000ilr50 $0 $0 So 0.00%
IL
IL
bublotal ►Hw
2(Norae ' ) 0 O O 50 SO 50 $0 0.001
AdWAYAW O Fm 1 Admi ii0ra n fee my Oct escccd 1076 Aatl i)A1K&d $62245 10.0%
TOTAL
z r ,r..�..�...�..�.
Unit UnitsTota
V Uni
Percentage of TOW L L Uni
Households Served 35.0% 57.0% 8.0% 1007E
Percentage CmnSbwctiadRdhab (7S%*)aty.c�rwrrw.sr.r�..a.moa.rr.+c..�w.a+��.�rbw.rwa.,r�n..
AlWdammin $434 706 77
PurdmePik New $31,508 bmft 531,543
3)IPOOAL
Florida Housing Finance Agency
Exhibit B IgM DORY GOALS CHART Tse
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR: 199E-99 F-
vr.
Name of Local Government: Indian River C ot�.c aaa�oT
County Annual Allocation Amount.$665,E33.00
HOME OWNERSHIP Iloirelwids Incare and INaaiwwm SHIT Awmnis New a—nw,Ym ft*A&V as, V AMM Canaan. Tohl Total
STRATEGIES `^ u:r law uw w T.uI 5111r D.Ilna swr odlra swr oars 1118 Dig �
1 0
$7,500 O :7,500 $O $0
•MAan Tae taxa $0 $0 0,110%
3 S7,S00 7 $7,500 1 $50,000
n 0-1 ma�CkftcubLe" 15 $15,000 20 $10,000 5 so $0 $50,000 g%
f5 000 $297,470 $0 $71 780 $369 2SO S5%
Lad "`"""" 2 $20,000 10 $20,000 121 $0 $108,000 i0 1100,000 167r
M+ 0 $10,000 0 S10,0001
so So so to o.00x
�r�`-""�.....w. 0 $10,000 0 $10,000
1 so so $o $o 0.00%
""` TaOi'r"`"" 0 $10,000 0 $10,000 fo $o
`gym" G-" a $20,000 o $0 $D 0.00%
$0 $72,000 $72,000 11.00%
1(HoIne ) 28 37 S 7 $347,470 $180,0001 $71,780 $599,250 90.00%
Hre The 11...t i.Surd 1.C-b~E,MM k at Iwn iS%d We Ard Aa.,ao..Awry.
RENTAL Hwelm"by Immo and Asaxinan SHTr Awards w.w c— a.w. may, 1wa.r ea.S.ptr. TOW Total
STRATEGIES140.0%-
urs Uw urs sw T.W smr 0w.. s w oarm swr oa.�. swr 0.6— P , kw
$20,000 0 $20,000 so $0 $0 $0 0.00%
2(NwpHo111e 0 0 $0 so So $o O.00x
21
Adalinhuation hes tion fees may not eneed 10%of Annual Allocation)
Hans - Carne $66,583 10.0%
0
RAND TOTAL
Unit. Unit Total
Percentage of Total low Mod. Uni
Households Served 53.0% 7.0% 100%
Cortstructiot W** 17S%*k Ca"lah Cr■vAAA YarttrN br adf.K Grad TaW Cdnwa Asa,om&VWp M AM All.raNa AwI. 5527 470 ».2a
Mazinmm Allowakole
Purchase Price.
New $81,5481 Existing $81,548
ypge t
EXHIBIT C Florida Housing Finance�Y `
HOUSWG DELIVERY GOALS CHART rh--
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR: 1999-2000 n
Name of Local Goverrrnent: Indian River
CO1ni11' Annual Allocation Amoatl:$669,971
HOMEOWNERSHIP itch mW huxjnSHIPA..ari "mcm nKsm y,�, M,ywAe��r Tohl Total
STRATEGIES E21
Wh tw umb Md T.m 9m(lava s1w DOW. sw o.`,0 SW D.Ibm F WdW
$7,500 0 $7,500 $0 $0 $0 $0 0.00x
ts�s.t Ne l.n
(7,500 7 (7,500 1 $50,000 $0
°� �'�'mc"`""' $15,000 20 $10,000 5 so $50,000 7%
ttl11l11 aretsss $5.000 $297,470 so $75 504 $372,974 56x
$20,000 10 $20000 12 $0 f 108,Ot10 $105000 16$10,000 0 $10,000 01Wraai-Atatnl haA�O fo f0 0.$10,000
0 $10,000 $o $0 f0 f0 0.00%
tarts++•n.tlwrn..11..r $10,000 0 $10,00001 so so so so 0.00%
"'"`"" $20,000 o $72,000 $72,000 0%
'(Home ) 28 37 5 7 $347,4701 $180,000 $75 504 $$72,974 90.
al.1e t11e tt�r i Lia"r.Cd_F.0 110.11 GS'i.r Me Awirl AM..1fa�Aawwt.
RENTAL liatneltoldr by btcawte ad hlazbt SHIP Awards N—CAMMKS— Tod Total
STRATEGIES "' tAiib law lAi#AW TOM pw Dallas SRdUbMiali—to- HP tram. stir Odam yw ois
0 $20,000 0 $20,000 $0 $0 f0 0.00$
2(Non Florae ) 0 0 0 $0 $0 $0 so 0.00%
Aiatitirbatiott Fen 1 Adrinirtrrisn ices w.ry not exceed/0%of Aural ANocaliay
Hottte f66 997 10.0x
RAND TOTAL
0
S"9 971
sr;
Unit
vUri Units Total
hrcenfase of ToW, L L Mod. Unit
HotaeltoWs Served 40.0% 53.0% 7.0% 100X
CondructiodRehab f7S%+):cakbwco. jxkbf...ar.by-",tiu rr.arch—Aaa.r,,,,iWr.yA—AAr.,so,A.0 (527470 7173
Marnnlrrrrl
Purchase Price.
New $at,sas E . . fet,548
`hp*
1
' EX=IT D
ASSETS
A. Aceta That Sbeck M cessiderod IL An*That ShoaN Net be Gaamaw
1. Savings aemoes sad He average 6-014th balance 1. Necessary personal people IN"Capt u lees/in 1S.
of checking eeeeaais.
3. Sleeks,bonds.avlsp ewtifkatm measly market 2. latersat in Indian Vast lands.
Neu sad other icveotmest atceusta. 3. Asset that ane a part of as active business or
3. tgaNy M run pr"so ey or ether capital �: Rectal proportion mal I ars
icvoaestsaab. Laity Is the entlmsW correct a personal assets ocloa ran eetab i the
pplkaal'o loin txapatkea.)
market valve of the am loan less anpold balance en
An jeans seared by On asset air reasonable Cues 4. Am4es cot aecmoiblo is tb family and that provide
(such as broker(n)Hat would be incurred is no Ineeme fir the family. Per suwple,as abosod
seNiq the assort. Under HOME and SHIP,equity spoons who legally and jointly owes a beam bot(1)
IFH#Icwiy'rMiwary reddence b net coaddered dem cot be N the boost.(2)receives 1e iscowe
for home owner repair programs. how swu 1110 of 1114 horses air(3)esu no ability
b o n the bene.
L The value of Ia/1.Y"CMetlesed renewable for
housing prodaetlaa Is an Asse6(SHIP Program S. Whales specially equipped for Ib haNicappoL
ONLY).
6. Equity In owner-occupied coop4ratioc recd
! Cub value of trues that Are available to the masafactured hewn he which the fanny IivoL
hoosehow.
7. Assets bid i•Applicants'name but which are
6. IRA.Keogh,sad similar rdinmeat savings actually Owned by sea""abs.
acceunb.even though withdrawal would result in a
penalty. a. Asset and income from saes accrue to someone
els.
7. Contributions to company retiroment/peukva Is. The other person In responsible for paying taxa
hada that coo be withdrawn witheat retiring or on Income.
Nrmiastisg empleyooat.This amount would be a Net to be confused with joist ownership.
redoced by any penalty for early withdrawal.
E Cash Valu of life iasursnce policies.
i. Asub that,although owned by wen thus est
person,allow unrestricted Access by the applieaat.
9. Lump.suni receipts.lack u isaWitsocm,capital
gsins.lottery winnings.insurance uttlenents,and
other Claims.
10. personal property hob as an isvutmeat suck as
gems.jewelry,coil collections,sstique can,eta
II. Amb disposed of for lesa thea fair market value
during two years preceding certification or
recortificatles.
Josey t S" easmsw oenp
34
Exhibit E
Incoane Inclusions and Exclusions
A determination of anticipated annual income 7. Alimony and child support received by the
must include all of the types of imotne listed household.
below and the Amotmt anticipated to be received
by all adult members of the household in the 12 Home And SHIP protects: Court the
months following certification.
amount specified in a divorce settlement or
A. Income Inclusions separation Wam=unless the applicant:
I. Oros Munt (before any payroll a' cenWm dw itwo I is not being
deductions) of wages, salaries, overtime provided,and
PAY,cornmitsions,fees, tips bonuses.and b. has made reasonable effort to collect
any other compensation for personal the amounts due, including filing with
services received by every adult member
Of the household except that of full-time courts or agencies responsible for students (unless head of household and enforcing payments.
spouse). S. Alimony or child w n
PPo paid by a
2. Net income, salaries, and other amounts member of the household is counted as
distributed from a self-owned business, tncome,even if it is garnish from wages.
3. Gross amount (before dee for 9. Interest,dividends,and other income from
medicare., erc.1 of nW ("Y Asses (including income
periodic social security distributed from trust funds).On deeds of
Payments' Thts includes Payments
received by adults on behalf of individuals trust or mortgages, only the interest
under the age of 18 or by individuals porton of the monthly payments received
order the age of 18 for their own support.
by the applicant is included.
4. The full amount ofannuities. insurance
10. Lottery winnings paid in pounds,
nings
Policies, retirement hutds, pensions, summa utcWin to net firm in a l�
disability or death benefits Aid other ly assets
similar types of periodic psyments. rl4I Annual Income).
S. LUMP-sum11. Recurring monetary contributions or
pAin P receune because of gifts regularly received from persons
welfare,or other benefits. , =living in the udt. inchading rent or
utility payments regularly Paid on
6. Payments in lieu of earnings, such as behalf of the&Mily. This can include
unemployment and udtvidualnzed rent concessions or
disability payments which are similar to
compensation, workmen's compensation, "in-kind'
Payments for services rendered or to be
and severance pay,any payments that will
begin during the next twelve months must rendered including the entire mom of
be included. resident service stipends if the stipend
exceeds $200 per month. Refer to
Section 6.3. B.2.
lop unarm
July I Se eN�»
2•s
12. NOTE: FOR INTERMEDIATE maintenance, std resident initiatives
CARE FACILITES FOR coord ration. No resident may receive
PERSONS WITH MENTAL more than one such stipend during die
RETARDATION (ICF/MR) where -same period of time.
Medicaid pays the ICF/MR directly for
cervica and rent and pays the tenant 3. Earnings in excess of$480 for each full-
oaly a small personal allowance(e.g., time student, 18 yean old or older(except
S33).annual income must include: the head or co-head of household and
•
a. the SSI payment the tenant would spouse)
mcaivs if he/she were not living in a 4. 'Meals on Wheels'or any otter program
group home. AND that provides foods for the needy;
VOCCIfn
b. all income the tenant receives from Provided by Pew not wIng m
Provided
and amounts received
aoutuxa other the SSI (e.g., wages, tinder the School I.uasch Aa aW the Child
training workshops, interest income. Nutrition Act of 1966.
am.).
S. Income asaocWW with persona that live in
The personal allowance received by the unit but are not household members.
tenants in ICF/MR facilities must =be For example,this would include:
included in the calculation.
B. Income Exclusions A. payments received for care of foster
children or foster adults;and
Certain sources of income should 041 be b. income of live-in attendants.
counted as annual income:
I. 6 The PrincipalPortion of the payments
Employment income of members the received on mortga4es or deeds of trust.
household that are under eighteen,
including foster children. Head of 7. Lona regardless of how the money is
household and spouse may never be used. Loans are not counted as income
considered minors. (Unearthed incomes, because loans are required to be repaid.
such as social security payments received
on behalf of minors, must be included as 8. Hazardous duty pay to a family member
income.) serving in the Armed Forces who is
2. Resident service stipends not exceeding exposed to hostile fire.
5200 per month received by a resident for 9. Temporary, non-recurring or sporadic
performing a service for the housing income(including gifts).
authority or the owner, on a part-time
basis, that eNances the quality of life in 10. Payments received under training
the housing development. If the stipend funded b
exceeds $200 per month, the entire program y HUD
amount is included in annual income Such (Comprehensive Improvement
services any include. but are tax limited Assistance Program).
to. fire patrol, hall monitoring, lawn 11. Adoption assistance payments in excess
of$480 per adopted child.
for
.sees► sass
2.6
12. Reparation payments paid by a foreign Food Stamp Act of 1977.
government pursuant to claims tiled
under the laws of that government by b. Payment received under Domestic
Persons who were persecuted during Volunteer Service Act of 1973
Nazi en. Examples include payments (employment through VISTA. Retired
by the German and Japanese Senior Volunteer Program, Foster
governments for atrocities committed Grandparents Program. youMl
during the Nazi era. offender incarceration alternatives,
13. Home care payments paid by s State senior companions).
Agency to families that have C. Interest of individual Indians in trust or
developmentally diublod children or restricted lands, and the first $2,000
adult family members living in the per year of income received by
home. individual indians that is derived from
14. Deferred periodic payments of SSI and trusts or restricted lands (25 U.S.C.1408).
Social Security benefits that are
received in lump sum. d. Payments received under Alaskan
13. Recurring monetary contributions that Native Claims Settlement Act (43
are paid directly to a child care U.S.C. 1626(c).
provider by persons not living in the C. Payments from certain submarginal
unit HUD interprets the regulations to U.S. land held to trust for certain
mean that child We expenses that are Indian tn-m.
reimbursed are DZ included as annual
income f. Payments from disposal of funds of
16. The value of any child care provided or Grand River Bank of Ottawa Indians.
arranged (or any amount received as S. The first $2.000 of per capital shares
payment for such care or received from judgments awarded by
reimbursement for costs incurred for the Indian Claims Commission or the
such care) under the Child Care and Court of Claims, or from funds the
Development Block Grant Act of 1990 Secretary of Interior Molds in trust for
(CCDBGA) (42 U.S.C. 9838 . an Indian Tribe
Participating families may either pay a
reduced amount based on a sliding fee h. Payments,rebates, or credits received
scale or they may receive a certificate under Federal Low-Income Home
for child care services. Energy Assistance Programs.Includes
NOTE:This exclusion does not apply to an winter differentials given to elderly
pentons
amounts received by a child care provider
for services paid through the CCDBGA. i. Payment under programs funded in
17. Other formes of income excluded by ParWnhi part under the lob Training
federal statutes are: p (employment arid
training programs for native Americans
s. The value of the allotment made under and migrant and seasonal farm
worken, Job Corps. veterans'
par 1"WOOMW
Jwir tfN MON-
2-7
employment prosrarns, state job participation in these
programs. These
training prosrarns, career intern expenses include special equipment,
Pros)• cktthi%,transportation,child cue.etc.
j. The full amount of student financial In general, income exclusions fall into the
aasiStme either paid directly to the following categories and should=be counted
stttdertt or 10 the Odic- institution. as income.
This includes scholarships, grants,
fellowships and any other kind of Income of certain household members that
student financial assistance. It does not should not be counted, inchdins earned
urian whit the assistance is'actually income of minors and income attributable
used for. to foster children or We-in aides:and
k. Payments received atter January 1, Amounts that are counted ss assets rather
1989, from the Agent Orange than income, such as itnrrpsum lottery
Settlemeru Fund or any other triad wirWngs.
established pursuant 10 the settlement in
the jg_$g; AIM orange pMd.ct 2.4 WELFARE ASSISTANCE
liabBily irigation _ M_D L No 81 AS INCOME
Welfare assistance such as AFDC.SSI, etc. are
L Payment received under the Title V of courted as income and public agencies should use
the Older Americans Act (Green the actual gross amount of Welfare Assistance
Thumb,Senior Aides,Older American received by the household. This amount should
Community Service Employment be annualized.
Program).
18- Grants or other amounts received
specifically for:
a. Medical expenses
b. Set aside for use under a Plan to Attain
Self Sufficiency(PASS)and excluded
for purposes of Supplemental Security
Income(SSI)eligibility, and
NOTE:A PASS permits a person with
disabilities who is receiving
Supplemental Social Security(SSI),and
who is also receiving other income, to
set aside a gonion of the other income
in order to achieve a work-related goal.
C. Out-of-pocket expenses for
Participation in publicly assisted
Programs and only to allow
24
FLORIDA Housme FINANCE AGENCY
callow
ti WiLuAM 1. RAwss.
Ap�' 1 Com.•....
T C&Aek D.61%4(r-
PR
1%4(xPR 1991 `"w""
OEYFlOPY:ki OEPC STo""1111ALo•IA
Vivoom HIRIYAnou
EDvARo Lit,1R.
April 21, 1997 _ Comm H.LTosacAu
RIG"ARD MARTIII
•. CARL H.MAVIS
The Honorable Carolyn K. Eggert,Chairman Ames F.MO ui
Indian River County Board of County Commissioners
1840 25th Street s`"""J.L"c"
Vero Beach,Florida 32960 E\u+M Qr."
Dear Chairman Eggert:
Thant:you for submitting Indian River County's Local Housing Assistance Plan for fiscal years
1997.1998 through 1999.2000. The Review Committee for the State Housing Initiatives
Partnership(SHIP) Program has approved the plan. This approval makes the county eligible to
receive monthly SHIP disbursements starting with state fiscal year 1997-98 and continuing
through state fiscal year 1999.2000. The county should receive its first check for this period in
September 1997.
The Agency commends the county's dedication and commitment to providing affordable housing
to its citizens. If the Agency can be of assistance to you in the administration of the SHIP
Program,please call Ms.Tracy D. Suber, SHIP Administrator,at(904)488.4197.
Sincerely,
Susan J. Leigh
Executive Diredlor
SJLlrlg
cc:
Chief of LongRange arming
227 NOMI BROAOUGH STRICT, Sunt$000 6 TALL "Assat, FL 32301.1329 • (904988.4197 • FAx(904)488-9809
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.
B. 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 depository
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.
72
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 fur
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. 420.9072, F.S., and Chapter 9I-37,
F.A.C.
Witness
C ssioner John W. Tippin
Chairman. Board of County Commissioners
Witness Name and Title
Date
Attes
(Seal) CLERK CMrU17 COURT
u\v\h\ ' ;an6I6,' rn
�y
73