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HomeMy WebLinkAbout2026-067RESOLUTION 2026- 067 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, APPROVING PAYMENT STANDARDS FOR BEGINNING FISCAL YEAR 2027 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, 2026, 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 2027 as set forth below: Efficiency One -Bedroom Two -Bedroom Three -Bedroom Four -Bedroom $1,217 $1,226 $1,603 $1,957 $2,680 RESOLUTION 2026- 067 The foregoing Resolution was offered by Commissioner Joseph E. Flescher and seconded by Commissioner Susan Adams , and, upon being put to a vote, the vote was as follows: Chairman Deryl Loar AYE Vice Chairman Laura Moss AYE Commissioner Susan Adams AYE Commissioner Joseph H. Earman AYE Commissioner Joseph E. Flescher AYE The Chairrjian thereupon declared the Resolution duly passed and adopted this day of , 2026. INDIAN RIVER COUNTY. •�PA BOARD OF COUNTYmMISERS By Deryl Loar, Chain LR��ER C0��1�y•'� Attest: Ryan L. Butler, Clerk of Court and Comptroller 1-� App v A. itkanich, Jr. County Administrator Approved as to form and legal sufficiency: j:nnife .Shuler unty Attorney