Resolution 042-2014RESOLUTION 042 - 2014
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA APPROVING THE STATE HOUSING INITIATIVE PARTNERSHIP
(SHIP) PROGRAM FUNDING PRIORITIES FOR AVAILABLE FUNDING FROM THE 2012
TO 2014 FUNDING DISTRIBUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, in 1992, the William E. Sadowski Act levied a $0.10 increase to the
Documentary Tax Stamp tax paid on the transfer of real estate; and
WHEREAS, the State of Florida Legislature has not appropriated any funding for the
SHIP Program in the last 5 years from the Sadowski Act State Housing Trust Fund; and
WHEREAS, future SHIP funding is uncertain as the State continues to use Sadowski Act
receipts for other purposes; and
WHEREAS, the Homebuyer Assistance Strategy's current award amount of $45,000.00
would need to be increased to the $60,000 to $65,000 range to permit applicants to obtain
sensible and affordable income to mortgage payments, and, income to total debt payment
underwriting ratios; and
WHEREAS, it is anticipated that the Cudjoe Regional and Villages of Islamorada sewer
projects will require sewer connection assistance from the SHIP Program; and
WHEREAS, the Monroe County's Weatherization Program, due to its household
funding limits of $6,500.00 per household has clearly demonstrated the need for additional
funding in order to provide additional and necessary repairs; and
WHEREAS, despite continued funding by the City of Key West and Monroe County
Disaster Recovery Programs countywide for the rehabilitation of single family housing, there
remains a need for this assistance from the SHIP Program for those households who are
ineligible for Disaster Recovery funding.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA that:
The Monroe County Board of County Commissioners hereby approves the
SHIP Program Funding Priorities for funds currently available
from the 2012 to 2014 distributions.
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PASSED AND ADOPTED by the Board of County Commissioners of
Monroe County, Florida at a regular meeting of said Board on the 19` day of February, 2014.
Mayor Sylvia Murphy Yes
Mayor Pro Tern Danny Kolhage Yes
Commissioner George Neugent Yes
Commissioner Heather Carruthers Yes
Commissioner David Rice Yes
Approved as to legal sufficiency:
Date:
BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA
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BOARD OF COUNTY COMMISSIONERS OF
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MONROE COUNTY SHIP PROGRAM
FUNDING PRIORITIES - THREE YEAR PLAN
FHFC PROGRAM
DISTRIBUTIONS AVAILABLE INCOME TOTAL FISCAL YEAR EXPEND BY:
350,000 286,934 286,934
2011
-2012
June 30, 2014
29,843 80,568 275,629 356,197
2012
-2013
June 30, 2015
350,000 350,000 350,000
2013
-2014
September 30, 2015 -a
141,000 141,000
2013
-2014
June 30, 2016
2013 -2014
SHIP BUDGET 717,502 416,629 1,134,131
PROPOSED HOMEOWNER FUNDING PRIORITIES
A - Sewer Connections for Cudjoe Regional and Villages of Islamorada
B - Set aside for disabled applicants totalling 20% of award ($70,000) - required
C - Renovation funding to supplement County Weatherization program
D - Elderly /disabled homeowner rehabilitation
ESTIMATED DISTRIBUTIO T O F PRIORITIES
SEWER SINGLE FAMILY
CONNECTIONS DISABLED WEATHERIZATION REHABILITATION TOTAL
0
0
85,000
201,934 286,934
0
0
100,000
256,197 356,197
100,000
70,000
100,000
80,000 350,000
66,000
0
75,000
141,000
166,000 70,000 -a 360,000 538,131 1,134,131
-a State of Florida Mortgage Settlement contains a 20% set aside for disabled and
prohibition on assisting in the purchase of new homes
M: \SHIP PROGRAM \FUNDING PRIORITIES \SHIP THREE YEAR PLAN