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CERTIFICATION ON LAST PAGE
RYAN L. BUTLER, CLERK
Exhibit E
67-37.005(l), F.A.C.
2026
RESOLUTION NO: 26-1014
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE STATE
HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420.907-420,9079, FLORIDA
STATUTES;AND RULE CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING AND
DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS
NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OFTHE LOCAL HOUSING ASSISTANCE
PLAN FOR REVIEW AND APPROVAL BYTHE FLORIDA HOUSING FINANCE CORPORATION; AND
PROVIDING AN EFFECTIVE DATE,
WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92-
317 of Florida Sessions Laws, allocating a portion of documentary stamp taxes on deeds to local governments
for the development and maintenance of affordable housing; and
WHEREAS, the State Housing Initiatives Partnership (SHIP) Act, ss. 420,907-420.9079, Florida
Statutes (1992), and Rule Chapter 67-37, Florida Administrative Code, requires local governments to develop a
one- to three-year Local Housing Assistance Plan outlining how funds will be used; and
WHEREAS, the SHIP Act requires local governments to establish the maximum SHIP funds allowable
for each strategy; and
WHEREAS, the SHIP Act further requires local governments to establish an average area purchase price
for new and existing housing benefiting from awards made pursuant to the Act; The methodology and purchase
prices used are defined in the attached Local Housing Assistance Plan; and
WHEREAS, as required by section 420.9075, F.S. It is found that 5 percent of the local housing
distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of
administering the local housing assistance plan. The cost of administering the program may not exceed 10
percent of the local housing distribution plus 5% of program income deposited into the trust fund, except that
small counties, as defined in s. 120.52(19), and eligible municipalities receiving a local housing distribution
of up to $350,000 may use up to 10 percent of program income for administrative costs.
WHEREAS, the Economic and Comtnunity Development Department has prepared a three-year Local
by.
IN THIS OFEICL
Exhibit E
67-37.005(1), F.A.C.
2026
Housing Assistance Plan for submission to the Florida Housing Finance Corporation; and
WHEREAS, the Board of County Commissioners Ends that it is in the best interest of the public for
Indian River County to submit the Local Housing Assistance Plan for review and approval so as to qualify for
said documentary stamp tax funds; and
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA that:
Section l: The Board of County Commissioners of Indian River County hereby approves the Local
Housing Assistance Plan, as attached and incorporated hereto for submission to the Florida
Housing Finance Corporation as required by ss. 420.907-420-9079, Florida Statutes, for
fiscal years 2026-2027, 2027-2028, 2028-2029.
Section 2: The Chairman, is hereby designated and authorized to execute any documents and
Section :
certifications required by the Florida Housing Finance Corporation as related to the Local
Housing Assistance Plan, and to do all things necessary and proper to carry out the term and
conditions of said program.
This resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED THIS 10th DAY OF March
Deryl Loar, Chairman
(SEAL)
Attest: Ryan L. Butler, Clerk of Court
and Comptroller
Deputy Clerk
as to Form and Legal Sufficiency
icks, Assistant County Attorney
• �� `ERIC