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CERTIFICATION TO
FLORIDA HOUSING FINANCE CORPORATION
Local Government: Indian River County
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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.
9. 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 29 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 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 an bonds or as
rent subsidies.
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14. Developers receiving assistance from both SHIP and the Low
income Housing Tax Credit (LIHTC) program shall comply with
the income, affordability and other LIHTC program
requirements, similarly, any units receiving assistance from
other federal programs shall comply with all Federal and SHIP
program requirements.
15. Loans shall be provided for periods not exceeding 30 years,
except for deferred payment loans or loans that extend beyond
30 years which continue to service eligible persons.
16. Rental units constructed or rehabilitated with SHIP funds
shall be monitored at least annually for 15 years for
compliance with tenant income requirements and affordability
requirements.
17. The document being submitted is the Indian Enver 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.
Let', G
Witness
� Commissioner Kenneth R. Macht
�/� Ai3�it�i7rr._ Chairman. Hoard of County Commissioners
Vi tnessJ Name and. Title
Atte J.K. BARTON
(Seal) CLERK CIRCUIT t3R7
u�v1�lanGG.t
70
December 14, 1999_
Date
4
RESOLUTION NO 99--L3-1
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN
RIVER COUNTY, FLORIDA APPROVING THE COUNTY'S LOCAL HOUSING
ASSISTANCE PLAN FOR FY 2000-2001, 2001-2002, AND 2002-2003.
WHEREAS, Chapter 920, 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 93-1.3, establishing the Local Housing Assistance
Program; and
WHEREAS, the current county's Local Housing Assistance plan
expires on dune 30, 2000; and
WHEREAS, The county's current Local Housing Assistance Plan
adequately addresses the county's affordable housing needs; and
WHEREAS, The new plan is basically an extension of the
county's existing Local Housing Assistance Plan; and
WHEREAS, on December 14th, 1999, the Board of County
Commissioners considered proposed amendments to the county's Local
Housing Assistance Plan;
NOW THEREFORE, BE 1T RESOLVED by the Board of County Commissioners
of Indian River County, Florida that:
Section 1.
The above recitals are ratified in their entirety
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section 2.
The attached Indian River County 'Local Housing Assistance Plan
for FY 2000-2001, 2001-2002, and 2002-2003 is hereby approved
by the Board of County Commissioners.
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 (101) of the
state SHIP allocation for administration of the sHiP program.
section 5.
The county's maximum assistance from SHIP funds could be
thirty-nine thousand dollars ($39,040.00) 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:
%4.
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STRATEGY
AVERAGE LOAN AMOUNT
MAXIMUM LOAN AMOUNT
Impact Fee Grant
51000.00
7,500.40
Impact Fee Loan
51000.00
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 Dank -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 ninA ,
and seconded by Commissioner Stanbridge and being put to a vote,
the vote was as follows:
Chairman, Kenneth R. Macht AM
Vice Chairman, Fran Adams ACont
Commissioner, Caroline D. Ginn Aye
Commissioner, Ruth Stanbridge Aye
Commissioner, John Tippin --AU
The Chairman thereupon declared the resolution duly passed and
adopted this 14th day of December, 1999.
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Board of County Commissioners
of Indian River County
By:
nnettx R. �Mac, Chaff man
P,rtest by:
ClK tones y, C
C 1 e r
APPROVED AS TO F RM AND I EGAL NUFFICIENCY
BYi I
aan tf. Ca nor. Z
poputy County Attorney
ury\hlhousing . res APOMYsd Ha
AdrTd L
Lagar
Budget _
Dept
Risk MYQF.
40
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INDIAN RIVER. COUNTY
LOCAL HOUSING
ASSIS'T'ANCE
PLAN
MDELINES, PROCEDURES. AND S'T'RATEGIES
FCR JH
IINDIAN RIVER COUNTY
LOCAL HOUSING ASSM-ANCE PROGRAM
FY 2000-2001
FY 2001.-2002
L.FY 20[12-2003
December 14, 199x}
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