The URL can be used to link to this page

Home My WebLink About2014-115RESOLUTION NO 2014- 11 5 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA APPROVING THE COUNTY'S LOCAL HOUSING ASSISTANCE PLAN FOR FY 2015-2016, 2016-2017, and 2017-2018. WHEREAS, Chapter 420, Florida Statutes, describes the State Housing Initiative Partnership (SHIP) Program, and states that the principal objective of that program is to increase the amount of affordable housing within the State of Florida; and WHEREAS, the Indian River County Board of County Commissioners, on April 6, 1993, approved Ordinance Number 93-13, establishing the county's first Local Housing Assistance Program; and WHEREAS, the current Local Housing Assistance plan expires on June 30, 2015; and WHEREAS, the current Local Housing Assistance Plan adequately addresses the county's affordable housing needs, and WHEREAS, the Indian River County Affordable Housing Advisory Committee met on November 19, 2014, and recommended that the Board of County Commissioners approve the Indian River County Local Housing Assistance Plan; and WHEREAS, the Board of County Commissioners, on December 9, 2014, considered the Indian River County Local Housing Assistance Plan for FY 2015-16, FY 2016-17, and FY 2017-18. NOW THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Indian River County, Florida that: Section 1 The above recitals are ratified in their entirety Section 2 The attached Indian River County Local Housing Assistance Plan for FY 2015-2016, 2016-2017, and 2017-2018 is hereby approved by the Board of County Commissioners. The County's Local Housing Assistance plan is a countywide plan and covers the unincorporated county as well as all municipalities within the county 1 F6 irk Resolution No . M 14— 115 Section 3 The Board of County Commissioners directs staff to submit two copies of the Indian River County Local Housing Assistance Plan, certification page, and resolution to the Florida Housing Finance Corporation. Section 4. The county has determined that 5% of SHIP funds is insufficient to administer the program. The county shall continue utilizing ten percent (10%) of the state SHIP allocation for administration of the SHIP Program. Section 5. The following table indicates the average and maximum SHIP funds allowable per unit for each assistance strategy STRATEGY AVERAGE LOAN AMOUNT $ MAXIMUM LOAN AMOUNT $ Impact Fee Loan 13,000.00 20,000.00 Purchase Assistance Loan 15,000 00 20,000 00 Rehabilitation Loan 30,000.00 50,000.00 Emergency Rehabilitation Loan 20,000 00 30,000.00 Disaster Repair Loan 20,000 00 30,000 00 Low Income Housing Tax Credit (LIHTC) Matching Grant 75,000.00* 100,000.00* *For the LHITC matching grant the loan amount is per project not per unit The county's maximum SHIP assistance to any household shall be fifty thousand dollars ($50,000 00) and average SHIP assistance shall be thirty thousand dollars ($30,000.00) per household. Section 6. Consistent with IRS Revenue Proclamation 2011-23, the maximum purchase price for Indian River County is hereby established as $258,607 00 for new or existing homes and condominiums. The foregoing resolution was offered by Commissioner - Flesher _, and seconded by Commissioner O' Bryan , and being put to a vote, the vote was as follows 9 Resolution No 2014- 115 Chairman, Wesley S. Davis Ay -e Vice Chairman, Bob Solari Ayp- Commissioner, Peter D. O'Bryan Aye - Commissioner, Tim Zorc A yc- Commissioner, Joseph E Flescher Aye - The Chairman thereupon declared the resolution duly passed and adopted this 9 day of december com �p.wuy 2014. .••( ......mvSsa„ti Attest by - Board of County Commissioners of Indian River County By: Wesley S Davis, Chairman Jeffrey R. Smith, Clerk of the Circuit Court & Comptroller APPROVED AS TO FORMAND LEGAL ENC BY. Dylan Reingold County Attorney F\Community Development\SHIP\LHAP\201 5-2018 LAHp\LHAP RESOLUTION NO 2014 doc 3 A TRUE.COPY GERTIFICATION ON LAST PW J.R. SMITH. CLERK 2015 Exhibit D 67-37.005(1), F.A.C. Effective Date: 1.0/14 CERTIFICATION TO FLORIDA HOUSING: FINANCE CORPORATION Local Government: Indian River County (1) The local government -will advertise the availability of SHIP funds pursuant to Florida Statutes. (2) All SHIP funds will be expended in a manner which will insure that there will be no discrimination on the basis of race, creed, religion, color, age, sex, familial or marital status, handicap, or national origin. (3) A -process for selection of recipients.for funds has been developed. (4), The eligible municipality or county -has developed a qualification system -for applications for awards. (5) Recipients of funds will be required to contractually commi.vto program guidelines. (6) The Florida Housing Finance Corporation will be.notified promptly.if,the local government (or interlocal entity) will be unable to comply with the provisions the plan. (7) The Local Housing Assistance Plan shall provide for the expenditure of SHIP funds within 24 months following the end of.the State fiscal year in which they are received. (8) The.plan.conforms to the Local Government. Comprehensive Plan,:or that an amendment to the Local Government Comprehensive Plan=will be initiated at the next available opportunity to insure conformance with the Local Housing Assistance Plan. (9) Amendments to the approved Local Housing Assistance Plan. shall be provided to the Corporation with in 21 days after adoption. (10) The.trust fund shall be established with a, qualified depository for all SHIP funds as well as moneys generated from activities such as 'interest earned on loans. (1 1) 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 local governments audited financial statements, copies of the audits will'be forwarded to the Corporation as soon as available. 2015 Exhibit D 67-37.005(1), F.A.C. Effective Date: 10/14 13) An'.interlocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year, and the audit forwarded to- the. Corporation as soon as possible. (14) SHIP funds.will not'be pledged for debt service on bonds or as rent- subsidies, (.15) Developers receiving assistance from both SHIP and the Low'Income.Housing Tax Credit (LIHTC) Program shall complywith.the.income, affordability and other LIHTC requirements, similarly,,anyunits receiving assistance from other federal programs shall comply with all Federal -and SHIP program requirements. (16) 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. (17) 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 or as required in.Section 420.9075 (3)(e) (18) The Plan meets.the requirements of Section 420-907-9079 FS, and Rule Chapter 67-37 FAC, and how each of those requirements shall be met. (l 9) The provisions of Chapter 83-220, Laws of Florida has or _X_ has not .been implemented. (note:.Miami Dade County will check "has") 11 W -W 9M _T11. N,_ Wesley S. Davis, Chairman Witness Board of County Commissioners 12 �9 l Date OR Attest: Jefirey;R. Smlth, Clerk of Circuit C wt and Comptroller f Attest: (Seal) DeputyClark r••.,y •, NtY COAUyir.� 1 •.oy A ?4 3 S •SNS Y -6-6-- APPROVED 01i APPROVED AS TO FORM AND,LkGAL.SUFF1C1E_NCX BY v -_--=L, t>r -vim WILLIAM K. DEt:RAAL DEPUTY COUNTY ATTORNEY STATE OF FLORIDA 1 INDIAN RIVER COUNTY 2 . %.9� .oQ ••~�9�UUtJTY. ��P,. THIS IS -TO CERTIFY THAT THIS IS •r TRUE AND CORRECT COPY OF .HE ORIGINAL ON FILE IN THIS :OFFICE. 'JEFFFIRY R SMIT' Y; O.G ogre _ -� / �l / ,� n i tZ-