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Home My WebLink About1999-149CERTIFICATION TO FLQRIDA HOUSING FINANCE CORPORATION Local Government: Indian Rivet County 1. The county will advertise the availability of SHIP funds pursuant to Florida Statutes. 2. All SHIP funds will tie expended in 3 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 selec:tion of recipients for funds has been developed. 4. The county has developed as 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 he maintained with a qualified depositgry 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 bands or as rent subsidies. 70 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 leans or loans that extend beyond 30 years which continue to service eligible persons. 15. 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 sulmnitted is the Indian river County Local Housing Assistance Plan and all provisions of the plan conform to the requirements of 4Sec.42.9072. F.S., and Chapter 91-37, F.A.C. Witness ( l41 i c,g)E . white t Commissioner Kenneth R. Macht ai n 90 rd of fru � vmmissioners Witness Name and 'Title Patricia Riclrlley 5125199 Attest r � (Seal) U !�i7apin trn C_ 6J 71 Date in#R A� LR AGC�'Oref7 r,(�Y le AOrnin Legal Nut! go I Deux f3lsk Mgr RESOLUTION NO 99-48 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF IUDIAN RIVER COUNTY, FLORIDA AMENT3ING THE COUNTY'S LOCAL HORSING ASSISTANCE PLAN FOR VY 1996-99, AND FY 1999-2000, WHEREAS, Chapter 420, Florida Statutes, describes the State Housing Initiative Partnership Program (SHIP), and states that the principal objective of that program is to increase the amount of affordable housing within the State of Florida; and WHEREAS, on April 6, 1993, Indian River County approved ordinance number 93-13, establishing the Local Housing Assistance Program; and WHEREAS, the current county's Local Housing Assistance plan expires on .lune 30, 2000; and WHEREAS, the staff and the affordable housing advisory committee have recommended changes to the county', local housing assistance plan; and WHEREAS, on May 25, 1999, the Board of County Commissioners considered proposed amendments to the county's Local Housing Assistance Plan; NOW THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Indian River County, Florida that: Section 1. The above recitals are ratified in their entirety Sec.,tion 2. The attached Indian River County Local Housing assistance Plan for FY 1998-99, and FY 1999-2000 is hereby amended by the Board of County Commissioners. Changes are included on the attached pages of the Local Housing Assistance Plan. On the attached panes of the Local Housing Assistance Plan, additions are shown as wnOerlined, and deletions are shown as e e- 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 certifies) mail. A minimum of one of the two copier, ;hail beat the original signature of the authorized official. Section 4. The county shall continue utilizing ten percent (10%) of available SHIP funds for administration of the SHIP program. Section 5. The county's maximum assistance from SHIP funds will be thirty --nine thousand dollars ($39,000,00) per unit, and the average assistance will be fourteen thousand dollars ($14,000) per unit. r i Section G. The following table indicates the average and maximum per unit SHIP funds allowable for each strategy: STRATEGY AVERAGE LOAN AMOUNT MAXIMUM WAN 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 Lean 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 Hank -Market 7,500.00 10,000.00 Purchase Loan Land sank --Tax Deed 7,500.00 10,000.00 Purchase Loan The foregoing resolution was offered by Commissioner Adams, and seconded by Commissioner Ginn and being put to a vote, the vote was as follows: Chairman, Kenneth R. Macht Aye Vice Chairman, Fran Adams Aye Commissioner, Caroline D. Ginn Aye Commissioner, Ruth Stanbridge Aye Commissioner, John Tippin Aye The Chairman thereupon declared the resolution duly passed and adopted this 25th day of May, 1999. Board of County Commissioners of Indian River Couy ZBy: -4 enneth Ft. Macht, Chairman Jeffrey K. Bart n, 1PROVED AS TO FO AND LEGAL SUFFICIENCY William G. Collins, TT Deputy County Attorney Nfr+ft- tA Mprnrea nate ulvlhlhousing. res Adrnln Avdpel ❑ept ,7 Hksk hA[�7 /. ' CERTIFICATION TO r �iaS?i�A HOUSING FIbrANCE CORPORATION Local Government: Indian River County 1. The cuunty will advertise the availability of SHIP funds pursuant to Florida Statutes. 2. All SHIP funds will he 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. S. 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 pian. 7. The Local Housing Assistance Plan shell provide for the expenditure of SHIP funds within 24 months following the end Of the State fiscal year in which they are received. 8. The plan conforms to the Local Government Comprehensive Plan, 9. Amendments to the approved Local Housing Assistance Plan shall be provided to the Corporation within 21 days after adoption. 10. The trust fund shall be maintained with a qualified depositgry for all SHIP funds as well as moneys generated from activities such as interest earned on loans. 11, lunounts on deposit in the local housing assistance trust fund shall he 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 he pledged for debt service on bonds or as rent subsidies, 70 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 inrnme 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 requiremA�nta of ;pec. 42 .9072, F.S., and chapter 91-37, F.A.C. Wi.Lness Ali E. 4tf1 a Commissioner Kenneth R. Macht �hairman sa.,�. k of n nP •'ne.n-is witness Name and Title Patricia Rir}gley Attest: (seal) U- �, lhaplars tris 71 5125199 Date 040 ft -4 CO wem+n LOW— �- Pu4r —. peoz � raiin%� qr