HomeMy WebLinkAbout2006-109CERTIFICATION TO
FLORIDA HOUSING FINANCE CORPORATION
Name of Local Government: hidian River County, Florida
4006 - /0C/
Exhibit D
(1) The local government will advertise the availability of SHIP finds pursuant to Florida
Statutes.
(2) All SHIP funds will be expended in a manner which will insure that there will be no
discrimination on the basis of race, creed, religion, color, age, sex, familial or marital
status, handicap, or national origin.
(3) A process for selection of recipients for funds has been developed.
(4) The eligible municipality or 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 local
government (or interlocal entity) will be unable to comply with the provisions 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.
(8) The plan conforms to the Local Government Comprehensive Plan, or that an amendment to
the Local Government Comprehensive Plan will be initiated at the next available opportunity
to insure conformance with the Local Housing Assistance Plan.
(9) Amendments to the approved Local Housing Assistance Plan shall be provided to the
Corporation with in 21 days after adoption.
(10)
The trust fund shall be established with a
qualified depository
for all SHIP funds as well
in the local housing assistance trust fund shall be invested as pennitted
as moneys generated from activities such
as interest eared on
loans.
(11)
An
Amounts
on deposit
in the local housing assistance trust fund shall be invested as pennitted
have its
local
by law.
separately
audited
(12) The local housing assistance trust fund shall be separately stated as a special revenue fund in
the local governments audited financial statements, copies of the audits will be forwarded to
the Corporation as soon as available.
13)
An
interlocal
entity
shall
have its
local
housing assistance trust fund
separately
audited
for
each state
fiscal
year,
and the
audit
forwarded to the Corporation
as soon as
possible.
October 2003
Exhibit D
Page 2
Certification
(14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies.
(15) Developers receiving assistance from both SHIP and the Low Income Housing Tax
Credit (LIHTC) Program shall comply with the income, affordability and other LIHTC
requirements, Similarly, any units receiving assistance from other federal programs shall
comply with all Federal and SHIP program requirements.
(16) 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.
(17) 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 or as required in Section 420.9075 (3)(e)
(18) The Plan meets the requirements of Section 420-907-9079 FS, and Rule Chapter 67-37 FAC,
and how each of those requirements shall be met.
(19) The provisions of Chapter 83-220, Laws of Florida has or has not
been implemented. ;:I'rU,,,.,,
Witness
Witness
April 4, 2006
Date
M
Attest: Jeffrey K. Barton,
Clerk of the Circuit Court
(Seal)
2
Chief Electe&Of ilial or db gh
Arthur R:,,Neuberger3;Chatnnan
Board of.County'Commisstoner
Type Name and Title
October 2003