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Resolution 627-2006 RESOLUTION 627 - 2006 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING AN AMENDMENT TO THE MONROE COUNTY LOCAL HOUSING ASSISTANCE PLAN (LHAP) FOR STATE OF FLORIDA FISCAL YEARS 2004-2005, 2005-2006, 2006-2007 ADDING MODERATE INCOME HOUSEHOLDS TO THE HOUSING REHABILITATION STRATEGY. WHEREAS, the State Housing Initiatives Partnership (SHIP) Act, SS. 420.907 - 420.9079, Florida Statutes (1992) and Rule Chapter 67 -37, Florida Administrative code, required local governments to develop a Local Housing Assistance Plan (LHAP) outlining how funds will be used; and, WHEREAS, the Monroe County Local Housing Assistance Plan for the State of Florida fiscal years 2004- 2005, 2005-2006, 2006-2007 was previously adopted and amended by the Monroe County Board of County Commissioners and approved by the Florida Housing Finance Corporation; and, WHEREAS, the Monroe County Housing Authority, Administrator of the Monroe County State Housing Initiatives Partnership (SHIP) Program, is recommending approval of the attached amendment in order to equitably provide for the funding of the HOUSING REHABILlT A nON STRATEGY, maximizing the public purpose use of said funds and meet expenditure requirements within F.S. 420.907-420-9079. NOW, THEREFORE, BE IT RESOLVED, by the Board of County Commissioners of Monroe County, Florida, that the County hereby: Approves adding Moderate Income Households to the Housing Rehabilitation Strategy of the Monroe County State Housing Initiatives Partnership (SHIP) Program, Local Housing Assistance Plan (LHAP), to the eligible income levels to be able to qualify for Monroe County SHIP Program fimding under the LHAP's Housing Rehabilitation Strategy. PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County, Florida at a regular meeting of said Board on the 20th day of Decembe'i A.D., 2006 BOARD OF COUNTY COMMISSIONERS Mayor Di Gennaro Mayor Pro Tern Spehar Commissioner McCoy ~EMurphy / ;~'7?fmlT11sS!!Xi~~ugent \/.' \,-''':.\' 1:.,,'-..,. ,\, \ '~~l1Y t.~~HAGE. Clerk .....J..,g ..1\.TTE~T,.., . ' (j?.~/ ~L..~ ~,~. Yes Yes Yes OF MONROE COUNTY, FLORIDA By: ~M~ Mayor Mario Di Gennaro J 3: C) <::J :z )> ;Qn2; or-""t...- rr1;:Ji:;-( n. ro'. C:JC;- ~?:J;-:: ,0 :::'-.--1 ~, " ...;. r C) J> r.l ...., <=> <=> ..... :x ". ::0 N \.0 -q r- r." >:::J "'\1 C) ~Q C>C) :." C) o :;:;J Cl Yes .I.e.s..- ". ::x: S' Co) Approved as to legal sufficiency: MONROE COUNTY ATTORNEY ~ ~ZANNE A. H TTON COn;lJTO~Y Date ~ 11 EXHIBIT "A" Name: HOUSING REHABILITATION Description: Funding assistance for housing rehabilitation. Fiscal Years: 2004-2005,2005-2006 and 2006-2007 Income Level: Very low, low and Moderate Selection Criteria: Applications accepted from public entities, non-profit housing providers and individual homeowners for rehabilitation of existing housing. Applications received at initiation of fiscal year application cycle will be ranked/processed in order of greatest dollar amount of leverage funds committed to the project. Secondary ranking will be in order of receipt of application. Subsequent applications processed on first come/first qualified basis until annual funding expended. Type of Assistance: Mortgage loans not to exceed $35,000 inclusive of closing costs. Mortgage loans will be a deferred payment loan for term of twenty (20) years, zero interest. Recapture: Due and payable upon sale or transfer of the property or failure to comply with the terms of the mortgage. Other: For the purposes of this strategy rehabilitation is defined as those improvements necessary for the subject unit to meet the U.S Department of Housing and Urban Development's Housing Quality Standards (HQS). All HQS deficiencies must be addressed for units rehabilitated under this strategy. Any households receiving rehabilitation assistance under this strategy are not eligible for additional SHIP funding for a period of three (3) years. SHIP commitments to public/non-profit entities will be committed to provide direct benefit to eligible persons occupying eligible properties.