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HomeMy WebLinkAbout2025-059RESOLUTION 2025- 059 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, APPROVING PAYMENT STANDARDS FOR BEGINNING FISCAL YEAR 2026 FOR THE HOUSING CHOICE VOUCHER PROGRAM. WHEREAS, Indian River County is considered a Public Housing Agency (PHA) by the United States Department of Housing and Urban Development (HUD) as the County administers the Housing Choice Vouchers (HCV) Program (formerly known as Section 8 Housing) county- wide for all residents; and WHEREAS, HUD annually publishes the Fair Market Rent (FMR) in the Federal Register to be used by PHAs such as Indian River County; and WHEREAS, HUD regulations mandate all PHAs that administer Housing Choice Vouchers adopt these Payment Standards between ninety percent (90%) and one hundred ten percent (110%), one hundred twenty percent (120%) for reasonable accommodation, of the Fair Market Rent established by HUD; and WHEREAS, the Indian River County Board of County Commissioners has adopted the Housing Choice Voucher Program current Payment Standards set between ninety percent (90%) and one hundred ten percent (110%), one hundred twenty percent (120%) for reasonable accommodation, of the Fair Market Rent; and WHEREAS, the Indian River County Board of County Commissioners requires an adjustment to adopt the Housing Choice Voucher Program Payment Standards, effective October 1, 2025, and these standards are set between ninety percent (90%) and one hundred ten percent (110%), one hundred twenty percent (120%) for reasonable accommodation, of the Fair Market Rent, and WHEREAS, HUD regulations require annual adoption and approval of Payment Standard Amounts: NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: The Board hereby adopts and approves the adjustment of the Payment Standard amounts to be within ninety percent (90%) and one hundred ten percent (110%), one hundred twenty percent (120%) for reasonable accommodation, of Fair Market Rent for beginning Fiscal Year 2026 as set forth below: Efficiency One -Bedroom Two -Bedroom Three -Bedroom Four -Bedroom $1,311 $1,344 $1,700 $2,053 $2,825 RESOLUTION 2025- 059 The foregoing Resolution was offered by Commissioner Deryl Loar and seconded by Commissioner Joseph E. Flescher , and, upon being put to a vote, the vote was as follows: Chairman Joseph E. Flescher AYE Vice Chairman Deryl Loar AYE Commissioner Susan Adams AYR Commissioner Joseph H. Earman AVE. Commissioner Laura Moss AYF, The Chairman thereupon declared the Resolution duly passed and adopted this 23rd day of September , 2025. INDIAN RIVER COUNTY, FLORIDA BOARD OF COUNTY COMMISSIOI��$ "" By sep . Flesch r, Chairman 'oT� e� Attest: Ryan L. Butler, Clerk of • •• Court and Comptroller By ?j"'/Z)", '_ D putt' Clerk App John A. Titkanich, Jr. County Administrator Approved as to form and legal sufficiency: rifer Shuler 6z.iiunty Attorney