HomeMy WebLinkAbout2005-220a CERTIFICATION TO
FLORIDA HOUSING FINANCE CORPORATION
Name of Local Government : Indian River County
( 1 ) The local government will advertise the availability of funds pursuant to Florida Statutes .
(2) 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 program provisions .
(7 ) The Hurricane Housing Assistance Plan shall provide for the expenditure of funds within
24 months following the end of the State fiscal year in which they are received .
( 8 ) The HHR program trust fund shall be established with a qualified depository for all
program funds as well as moneys generated from activities such as interest earned on
loans .
(9) Amounts on deposit in the hurricane housing assistance trust fund shall be invested as
permitted by law .
( 10) The HHR program trust fund shall be separately stated as a special revenue fund in the
local governments audited financial statements , copies of the audit will be forwarded to
the Corporation no later than June 30th of the following fiscal year .
( 11 ) An interlocal entity shall have its hurricane housing assistance trust fund separately
audited for each state fiscal year, and the audit forwarded to the Corporation as noted
above .
( 12) Developers receiving assistance from both HHRP , 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 program requirements .
1 Hurricane Housing Recovery Housing Assistance Plan
( 13 ) 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 .
( 14) Rental units constructed or rehabilitated with HHR program funds shall be monitored for the term of the
HHR program for compliance with tenant income requirements and affordability requirements or as
required in Section 420 . 9075 (3 ) (e) , F . S .
5U ( �w
Witness Chief Elected Official or designee
Commissioner Thomas S . Lowther, BCC Chairman
Witness Type Name and Title
June 21 , 2005
Date
OR
Attest :
( Seal )
00
2 Hurricane Housing Recovery Housing Assistance Plan