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Resolution 122-2007 RESOLUTION NO. 122- ,2007 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420.907-420.9079, FLORIDA STATUTES; AND RULE CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92-317 of Florida Sessions Laws, allocating a portion of documentary stamp taxes on deeds to local government for the development and maintenance of affordable housing; and 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 one to three-year local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the SHIP Act requires local governments to establish the maximum SHll' funds allowable for each strategy; and WHEREAS, the SHIP Act further requires local governments to establish an average area purchase price for new and existing housing benefiting from awards made pursuant to the Act; the methodology and purchase prices used are defined in the attached Local Housing Assistance Plan; and WHEREAS, as required by chapter 67-37.005F.A.C. it is found that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local hosing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs. WHEREAS, the Monroe County Housing Authority has prepared a three-year Local Housing Assistance Plan for submission to the Florida Housing Finance Corporation, and WHEREAS, the County Commission finds that it is in the best interest of the public for Monroe County to submit the Local Housing Assistance Plan for review and approval so as to qualify for said documentary stamp tax funds; and NOW THEREFORE, BE IT RESOLVED BY THE Board of County Commissions, of Monroe County, Florida, that the County hereby: Approves the Local Housing Assistance Plan, as attached and incorporated herein for submission to the Florida Housing Finance Corporation as required by ss. 420.907-420-9079, Florida Statutes, for fiscal years 2007/2008, 2008/2009, 2009/2010. The Mayor of Monroe County is hereby designated and authorized to execute any documents and certifications required by the Florida Housing Finance Corporation as related to the Local Housing Assistance Plan, and to do all things necessary and proper to carry out the terms and conditions of said program. This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED THIS 21st DAY OF March ,2007. Mayor Di Gennaro Mayor Pro Tern Spehar Commissioner McCoy .~sioner Murphy #.,>--,. f ~~r Nugent If;,,"?, j \ .,C'; .,''''\ 1,/; c>',,' '.f\. Iii'?' ,Ep~L: . '",:,\ . -;. . ;)"'> \f!i:.rt~ L. KOLIIAGE. C1~. . . ':~~:'~N;'C. Approved~~~~ ~_ Da~~ Date v~J,j ~~"Y ...Yes.- Yes BOARD OF CONTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By: 01Ar~1~ Mayor Mario Di ennaro o Yes Yes Yes :J:: <::l o :Po z _,'" ;o(")~~ o ,..'. ~,~. ..,"" ' 0" r- ~~;.r ~1 GO I p1 :Po l;5 ..., = ...... r ".. r'1 -0 ':J ;Xl .." I C) c..> :;;;J ".. ~~1J :x '" n C? C) ;;'"J &" 0 MONROE COUNTY SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS COVERED 2007-2008/ 2008-2009/2009-2010 I. PROGRAM DESCRIPTION Chapter 67-37.005 F.A.C and Section 420.9072, FS. A. Name of the participating local government and Interlocal if Applicable: Section 420.9072(5),F.S. Monroe Countv lnterlocal : Yes No x Name of participating local government(s) in the lnterlocal Agreement; N/A B. Purpose of the program: Section 420.9072. F.S. and Chapter 67-37.005(3). F.A.C Creation ofthe Plan is for the purpose of meeting the housing needs of the very low, low and moderate income households, to expand production of and preserve affordable housing, to further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: Chapter 67-37.002,F.A.C. X 2007/2008 X 2008/2009 X 2009/20IO D. Governance: Chapter 67-37.005(3)and(S)(i)FA.C. and Section 420.9071( 14)F.S. The Monroe County SHIP Program is established in accordance with Section 420.907- 9079, Florida Statutes and Chapter 67-37.007 Florida Administrative Code. The SHIP Program does further the housing element of the local government comprehensive plan. E. Local Housing Partnership Section 420.9072(1)(0), F.S. The Monroe County SHIP Program encourages active partnerships between government, lenders, builders and developers, real estate professionals and advocates for low-income persons. F. Leveraging: Chapter 67-37.007(1 )(b)(c). F.A.C and Section 420.9075(1)(0) and (1 )(b3, ond (1 )(c), FS. The Plans increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. SHIP funds will be leveraged with or used to supplement other Florida Housing Finance Corporation programs and to provide local match to obtain federal housing grants or programs. -2 - G. Public Input: Chapter 67.37005(3), F.AC Public input was solicited through face to face meetings with housing providers, social service providers, local lenders and neighborhood associations. H. Advertising and Outreach: Chapter 67.37.005(6)(a). F.A.C. The county or its administrative representative shall advertise the notice of funding availability in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding availability is required. I. Discrimination: Section 420.9075(3)( c). F.S. In accordance with the provisions of ss.760.20-760.37, it is unlawful to discriminate on the basis of race, creed, religion, color, age, sex, marital status, familial status, national origin, or handicap in the award application process for eligible housing. J. Support Services and Counseling: Chapter 67.37005(5)(g),F.A.C. Support services are available from various sources. Available support services may include but are not limited to: Homeownership Counseling (Pre and Post), Credit Counseling and Tenant Counseling K. Purchase Price Limits: Section 420.9075(4)(c), F.S. and Chapter67.37.007(6)F.A.C. Purchase Price Limits: The sales price or value of new or existing eligible housing may not exceed 90% of the average area purchase price in the statistical area in which the eligible housing is located. Such average area purchase price may be that calculated for any 12-month period beginning not earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and existing units, which can be lower but may not exceed 90% of the median area purchase price established by the U.S. Treasury Department or as described above. The methodology used is: x Independent Study (copy attached) U.S. Treasury Department Local HFA Numbers The purchase price limit for new and existing homes is shown on the Housing Delivery - 3 - Goals Charts. New Construction at $540,000 and Existing Homes at $522,000 L. Income Limits, Rent Limits and Affordability: Chapter 67-37.005(5)(e), F..A.c. .and Section 420.9071(2), F..S. The Income and Rent Limits used in the SHIP Program are updated annually from the Department of Housing and Urban Development and distributed by Florida Housing Finance Corporation. Affordable means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections 420.9071 (19), (20) and (28), F.S. However, it is not the intent to limit an individual household's ability to devote more than 30% of its income for housing, and housing for which a household devotes more than 30% of its income shall be deemed affordable if the first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30% benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. M. Wages to Work: Chapter67-37.005(6)(b)(7)F..A.C. Should an eligible sponsor be used, the city/county has developed a qualification system and selection criteria for applications for A wards to eligible sponsors, which includes a description that demonstrates how eligible sponsors that employed personnel from the WAGES and Workforce Development Initiatives programs will be given preference in the selection process. N. Monitoring and First Right of Refusal: Section 420.9075(3)(e)and (4) U), F..S. In the case of rental housing, the staff or entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides the same monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. However, any loan or grant in the original amount of $3,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored for at least annually for 15 years or the term of assistance which ever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before 15 years or that have remaining mortgages funded under this program must give a first right of refusal to eligible nonprofit organizations for purchase at the current market value for continued occupancy by eligible persons. O. Administrative Budget: Chapter 67-37.005(6)(f)3, F.A.c.. - 4- A detailed listing including line-item budget of proposed Administrative Expenditures is attached as Exhibit A. These are presented on an annual basis for each State fiscal year submitted. Monroe County finds that "the moneys deposited in the local housing assistance trust fund shall be used to administer and implement the local housing assistance plan. In accordance with Chapter 67 -37, Florida Administrative Code, the cost of administering the plan does not exceed 5 percent of the local housing distribution moneys and program income deposited into the trust fund. A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs." Monroe County has adopted the above findings in the attached resolution, Exhibit E. P. Essential Service Personnel: Include a definition as required in Chapter 67- 37.002(6), F.A.C. Essential Services Personnel in Monroe County shall mean and include, without limitation full-time working persons employed in Monroe county providing services in the construction and skilled building trades, real estate, finance, public and non-profit organization, healthcare, licensed professions and trades, commercial fishing, hospitality, wholesale and retail consumer services, transportation, education, security, entertainment and any similar service otherwise constituting an essential component of the local economy and community. - 5 - II. LHAP HOUSING STRATEGIES: Chapter 67-37.005(5), F.A.C. A. Name of the Strategy: HOUSING REHABILITATION a. Summary of the Strategy: Funding assistance for housing rehabilitation. b. Fiscal Years Covered: 2007 - 2008/2008- 2009/2009- 2010 c. Income Categories to be served: Very low, low and moderate d. Maximum award is noted on the Housing Delivery Goals Charts: Mortgage loans not to exceed $35,000 for housing rehabilitation and $8,000 for wastewater improvements. Closing and inspection costs in excess of the maximum award will be a program expense. e. Terms, Recapture and Default: Mortgage loans will be a deferred payment loan for a period of twenty (20) years with zero % interest. The loan will be due and payable upon sale or transfer of the property, twenty-years (20), or failure to comply with the terms of the SHIP mortgage. f. Recipient Selection Criteria: Applications accepted from public entities, non-profit housing providers and individual homeowners for housing rehabilitation of existing housing. Applicants who have been determined to be income eligible for program assistance, will be placed on a waiting list according to their income classification, and will receive assistance on a first come, first ready basis, with priority given to very-low income applicants and according to need. Applicants may submit a completed SHIP application to the Monroe County Housing Authority at any time, unless the waiting list is closed or until annual funding is expended. g. Sponsor Selection Criteria: N/A h. Additional Information: For the purpose of this strategy, the standard for 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) with the exception of wastewater improvements. Any households receiving rehabilitation assistance under this strategy are not eligible for additional SHIP funding for a period of three (3) years from closeout of grant/loan. - 6- B. Name of the Strategy: HOMEBUYER ASSISTANCE a. Summary of the Strategy: Funding assistance for the purchase or construction of single-family residential property, including condominiums or townhouses. b. Fiscal Years Covered: 2007 -2008/2008-2009/2009-20 I 0 c. Income Categories to be served: Very low, low and moderate d. Maximum award is noted on the Housing Delivery Goals Charts: Mortgage loan not to exceed $45,000. Inspection costs in excess of the maximum award will be a program expense. e. Terms, Recapture and Default: Mortgage loans will be a deferred payment loan for a period of thirty (30) years with zero % interest. The loan will be due and payable upon sale or transfer of the property, thirty years (30), or failure to comply with the terms of the SHIP mortgage. f. Recipient Selection Criteria: Annually, 75% of funds budgeted under this strategy will be set aside for public entities and non-profit affordable housing units. In the event all set aside funds are not committed, those funds are available for commitment to individual applicants who have valid contracts for purchase "for eligible homes on a first come 1 first ready basis". For profit entities constructing affordable units utilizing city or county affordable permits will be considered "public entities". Applicants who have been determined to be income eligible for program assistance will be placed on a waiting list and receive assistance on a first come, first ready basis. Applicants may submit a completed SHIP application to the Monroe County Housing Authority at any time, unless the waiting list is closed or until annual funding is expended. g. Sponsor Selection Criteria: NIA h. Additional Information: Buyer(s) must contribute a minimum three percent (3%) down payment. Property must meet minimum health and safety standards as defined under the U.S Department of Housing and Urban Development's, Housing Quality Standards (HQS). Any HQS - 7 - deficiencies must be corrected prior to or as part of the purchase transaction. In the case of new construction, a Certificate of Occupancy (CO) may be substituted for the HQS inspection. Mortgage loans to public entities, which retain ownership of the land under the terms of a ground lease, shall extend to the improvements. Public agencies and/or non-profit affordable housing development organization may request the SHIP loan be re-loaned to subsequent buyers if the following conditions are determined to exist at the time of sale: 1. Prospective buyer meets SHIP income eligibility guidelines for very low or low Income. 2. The transaction maintains the properties affordability to the prospective buyer. 3. Long term affordability criteria are recorded, enforced and for a period not less than the term of the SHIP mortgage and the transaction is consistent with such affordability criteria. i. Shared Appreciation Provision: All SHIP funds under this strategy are subject to a mortgage that shall contain recapture provisions which provides for shared appreciation between the buyer(s) and the Monroe County SHIP Program. The amount due Monroe County upon sale or transfer of the property shall be calculated by adding the sum of the principal balance of the SHIP loan and 50% of the appreciated value. The appreciated value shall be the difference between the original purchase price and the sales price less any real estate commission, less the value of any permitted improvements. Housing unites constructed uti lizing Affordable Housing Permits which restrict appreciation in the housing unit's value, shall not be subject to the Shared Appreciation Provision. - 8- C. Name of the Strategy: DISASTER MITIGATION a. Summary of the Strategy: Funds provided to homeowners and owners of rental properties to make hurricane related or other disaster repairs. b. Fiscal Years Covered: 2007 - 2008/2008- 2009/2009- 2010 c. Income Categories to be served: Very low, low and moderate d. Maximum award is noted on the Housing Delivery Goals Charts: Loans not to exceed $35,000 per housing or rental unit. e. Terms, Recapture and Default: Mortgage loans will be a deferred payment loan for a period of thirty (30) years with zero % interest. The loan will be due and payable upon the sale or transfer of the property, thirty years (30) or failure to comply with the terms of the SHIP mortgage. f. Recipient Selection Criteria: Applications processed on a "first come, first ready" basis. g. Sponsor Selection Criteria: N/A h. Additional Information: For the emergency repairs under this strategy, emergency repairs are defined as those repairs to damages resulting from a disaster that pose an immediate health and safety hazard to occupant(s). - 9- D. Name of the Strategy: RENTAL STRATEGIES CONSTRUCTlON/REHABILIT A TlON a. Summary of the Strategy: Funds provided for the construction or rehabilitation of affordable housing units. b. Fiscal Years Covered: 2007 -200812008-200912009-20 10 c. Income Categories to be served: Very low, low and moderate (tenants) d. Maximum award is noted on the Housing Delivery Goals Charts: Mortgage note up to a maximum of $40,000 per unit average. e. Terms, Recapture and Default: Due and payable upon sale or transfer ofthe property or failure to comply with the terms of the SHIP Rental Monitoring Agreement or Land Use Restriction Agreement (LURA). f. Recipient Selection Criteria: Priority shall be given to applicants in the following order until all available funding is committed/expended. Pnority #1 Applications proposing the creation of the new rental units by construction or rehabilitation, ranked in the following order: la. Proposing the longest period of affordability lb. Units serving very low-income tenants Ie. Units serving substantially (%) very low-income tenants Id. Serving low-income tenants Ie. Serving substantially (%) low-income tenants If. Serving moderate-income tenants The tiebreaker within Priority #1 shall be the lowest SHIP per unit cost. Priority #2 Applications proposing the rehabilitation of existing affordable rental units, ranked in the following order: 2a. Proposing the longest period of affordability 2b. Serving very low-income tenants 2c. Serving substantially (%) very low-income tenants 2d. Serving low-income tenants 2e. Serving substantially (%) low-income tenants -10 - 2f. Serving moderate-income tenants The tiebreaker within Priority #2 shall be the lowest SHIP per unit cost. g. Sponsor Selection Criteria: N/A h. Additional Information: FOR PROFIT ENTITIES and NON-PROFIT ENTITIES: Entities proposing constructionlrehabilitation in conjunction with Florida Housing Finance Corporation (FHFC) funding are eligible for loans secured by a mortgage up to $40,000 or that amount sufficient to satisfy the FHFC local contribution portion of the FHFC program, whichever is less. The for-profit loan is at an interest rate of3% with a minimum term of fifteen (15) years with principal and interest due upon maturity. The non-profit loan is at an interest rate of 0% with a minimum term offifteen (15) years and principal balance forgiven at maturity. Entities proposing construction/rehabilitation are eligible for mortgages not to exceed an average of $40,000 per unit. Should all funds not be expended to a specified unit, these funds may be transferred for the completion of another unit being rehabilitated. A modified award letter will be required. Loan amount will be based on number of units times the allotted amount per unit. This loan is at an interest rate of 3% with a minimum term of fifteen (15) years for for-profit entities with the principal and interest due upon maturity. Non-profit entities are eligible for mortgages at an interest rate of 0% with a minimum term of fifteen (15) years and principal balance forgiven at maturity. Loans may be extended in conjunction with an extension of the SHIP Rental Monitoring Agreement. All entities funded under this strategy will be required to execute a SHIP Rental Monitoring Agreement and Land Use Restriction Agreement (LURA) for a minimum term of fifteen (15) years. SHIP set aside units assisted under this strategy must maintain rents that do not exceed the rent maximums published annually by the Florida Housing Finance Corporation. SHIP recipients that offer rental housing for sale within fifteen years of the SHIP award must give a right of first refusal to eligible non-profit organizations for purchase at the current market value for continued occupancy by eligible persons. Governmental entities shall not be required to execute a note and mortgage for this strategy. -11- III. LHAP INCENTIVE STRATEGIES SectioIl420.9071(J6), F.S. A. Name of the Strategy: Expedited Permitting Permits as defined in s. 163.3164(7) and (8) for affordable housing projects are expedited to a greater degree than other projects. a. Established policy and procedures: The Monroe County Comprehensive Plan and the Land Development Regulations Established a set aside of 30% of all building permits issued for affordable housing. This includes the unused allotment of permits for affordable housing set aside units to be rolled over and accumulated each year without going through the ROGO (Rate of Growth Ordinance) process. Monroe County has assigned Planning Department Staff to facilitate affordable housing applications. B. Name of the Strategy: Cost of Housing Establishment of a process by which a local government considers before adoption, policies, procedures, ordnances, regulation, or plan provisions that have a significant impact on the cost of housing. a. Established policy and procedures: All County resolutions and ordinances contain a cost analysis section specific to affordable housing, the County has waived impact fees for affordable housing and building permit fees for the very low and low income homeowner participating in local, state or federally supported affordable housing programs. As an Area of Critical State Concern, the County's policies, procedures, ordinances and regulations are subject to the approval of the Florida Department of Community Affairs who is concerned and monitors the cost of affordable housing. - 12- IV. EXHIBITS: A. Administrative Budget for each fiscal year covered in the Plan. Exhibit A. B. Timeline for Encumbrance and Expenditure: Chapter 67-37.005(6)(d) and (f) F.A.C A separate timeline for each fiscal year covered in this plan is attached as Exhibit B. Program funds will be encumbered by June 30 one year following the end of the applicable state fiscal year. Program funds will be fully expended within 24 months of the end of the applicable State fiscal year. C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the Plan: Chapter 67-37005!, F.A.C Completed HDGC for each fiscal year is attached as Exhibit C. D. Certification Page: Chapter 67-37.005(7), F.A.C Signed Certification is attached as Exhibit D. E. Adopting Resolution: Section 420.9072(2)(b)2, F.S. Signed, dated, witnessed or attested adopting resolution is attached as Exhibit E. F. Program Information Sheet: Completed program information sheet is attached as Exhibit F. G. Ordinance: Section 420.9072(3)(a), F.S. N/A H. Interlocal Agreement: Section 420.9072, F.S. N/A I. Independent Study: A copy of the Independent Study is attached as EXHIBIT I. - 13- EXHIBIT A MONROE COUNTY SHIP ADMINISTRATIVE BUDGET Description FY 07-08 FY 08-09 FY 09-10 Salaries Administrator 6,000 6,000 6,000 Program Coordinator 45,000 45,000 45,000 Finance Manager 2,150 2,150 2,150 Bookkeeper 6,693 6,693 6,693 Benefits (Retire, Health, FICA) 22,000 22,000 22,000 Advertising 1,500 1,500 1,500 Printing/Copying 500 500 500 Postage 500 500 500 Phones/Communication 400 400 400 Supplies 500 500 500 Rent 2,775 2,775 2,775 Equipment 500 500 500 Books/Publ icati ons/Membersh i ps 300 300 300 Travel 1,500 1,500 1,500 Professional Services/Tech Assist 9,200 9,200 9,200 $ 99,518 $ 99,518 $ 99,518 TOTAL Estimated Administrative Budget based on 10% of FY 2007-2008 State Allocation and includes an administrative allocation of program income at 5% m .. ... :c .. w 0 ~ s [$ .. I :5! ~ 0 ii: ~ ~ ~ 0 i ~ ~ ~ E ~ ;;J. ~ ~ ... ~ S ~ .... .. 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" . . ~ " i i. . . ~ 0 !!!. .... 2 m !!!. .... 2 " !!!. Z m 3 m 2. r- o n !!!. " o < ~ ~ 3 m ~ lJ) .... :a I~ ,m " ffi lJ) ." o ." :a r :i! 0 ~ ~ 0::1: C 00... l> C'" r- (/):I: 5z 0 c: G'l c: S!l c 0_ Zm " r- Z 1;; <: C) lJ)m (ij :c ." ....< Z l; G'l )> 00 Z ml> "r- 0 !;(I)m z~ 0 2ll>O :a :l :tJ E~I~ ~I~!~ ~I i::j ~! 0 <I Z m l>, ~I ",I 0' gl ~I ~I -- I ! I L+- i I l> < ~- m- e- ;;- " ~ ~ 0. ~ "1 "l ~ '" ~ ~ '" '" , > z ~ i ! ~ i ~ ~ ~ ! , . . f t , f , m z< )(mOCO :I:W en tD~ :::j~ ON I . i , . r Exhibit D CERTIFICA TION TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: MONROE COUNTY (1) The local government will advertise the availability of SHIP funds 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 recei ved. (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 as moneys generated from activities such as interest earned on loans. (11) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. (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. (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 (UHTC) Program shall comply with the income, affordability and other UHTC 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 F AC, and how each of those requirements shall be met. (19) The provisions of Chapter 83-220, Laws of Florida _has or X has not been implemented. Witness Chief Elected Official or designee Witness Type Name and Title Date OR Attest: Exhibit E RESOLUTION NO. ,2007 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420.907-420.9079, FLORIDA STATUTES; AND RULE CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92-317 of Florida Sessions Laws, allocating a portion of documentary stamp taxes on deeds to local government for the development and maintenance of affordable housing; and 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 one to three-year local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the SHIP Act requires local governments to establish the maximum SHIP funds allowable for each strategy; and WHEREAS, the SHIP Act further requires local governments to establish an average area purchase price for new and existing housing benefiting from awards made pursuant to the Act; the methodology and purchase prices used are defined in the attached Local Housing Assistance Plan; and WHEREAS, as required by chapter 67-37.005F.A.C. it is found that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local hosing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs. WHEREAS, the Monroe County Housing Authority has prepared a three-year Local Housing Assistance Plan for submission to the Florida Housing Finance Corporation, and WHEREAS, the County Commission finds that it is in the best interest of the public for Monroe County to submit the Local Housing Assistance Plan for review and approval so as to qualify for said documentary stamp tax funds; and NOW THEREFORE, BE IT RESOLVED BY THE Board of County Commissions, of Monroe County, Florida, that the County hereby: Approves the Local Housing Assistance Plan, as attached and incorporated hereto for submission to the Florida Housing Finance Corporation as required by ss. 420.907-420-9079, Florida Statutes,for fiscal years 2007/2008,2008/2009, 2009/2010. The Mayor of Monroe County is hereby designated and authorized to execute any documents and certifications required by the Florida Housing Finance Corporation as related to the Local Housing Assistance Plan, and to do all things necessary and proper to carry out the terms and conditions of said program. This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED THIS DAY OF ,2007. BOARD OF CONTY COMMISSIONERS OF MONROE COUNTY, FLORIDA Mayor Di Gennaro Mayor Pro Tern Spehar Commissioner McCoy Commissioner Murphy Commissioner Nugent By: Mayor Mario Di Gennaro SEAL: ATTEST: Approved as to legal sufficiency: Date: Exhibit F STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM INFORMATION SHEET LOCAL GOVERNMENT: Monroe Countv CHIEF ELECTED OFFICIAL (Mayor, Chairman, etc.): Mavor Mario Di Gennaro ADDRESS: 9400 Overseas Hwv. Ste. 210. Marathon, FL 33050 Phone (305) 289-6000 Fax: (305) 289-6306 SHIP ADMINISTRATOR: J. Manual Castillo, Sr. ADDRESS: 1400 Kennedv Drive. Kev West, Florida 33040 TELEPHONE:(305) 292-1221 EMAIL ADDRESS: castillom@kwha.org FAX:(305) 292-1162 ADDITiONAL SHIP CONTACTS: Marie Brouillette, MC SHIP Coordinator ADDRESS: 1400 Kennedv Drive, Kev West. Florida 33040 EMAIL ADDRESS: brouillettem@kwha.org INTERLOCAL AGREEMENT: YES~ (IF yes, list other participants in the inter-local agreement): The following information must be furnished to the Corporation before any funds can be disbursed. LOCAL GOVERNMENT EMPLOYER FEDERAL ill NUMBER: 59-6000749 MAIL DISBURSEMENT TO: ADDRESS: OR:IF YOUR FUNDS ARE ELECTRONICALLY TRANSFERRED PLEASE COMPLETE THE A TT ACHED FORM: ~ NO CHANGE FROM PREVIOUS ELECTRONIC FORM SUBMITTED. Provide any additional updates the Corporation should be aware of In the space below: Please return this form to: SHIP PROGRAM MANAGER, FHFC 227 N. BRONOUGH ST, STE 5000 TALLAHASSEE, FL 32301 Fax: (850) 922-7253 flnlblf Inc. Purchase Price Study - PREPARED ON: NOVEMBER 27, 2006 PREPARED FOR: MONROE COUNTY HOUSING AUTHORITY STUDY OF: MONROE, FLORIDA Copyright rQ 2005, 2006 by FNBR lnc All Rights Reserved. Creative direct mail solutions. : www.fnbr.comlinfo@fnbr.com phone: 800-635-2639 I fax: 813-988-8422 4205 E. Busch Blvd. I Tampa, FL 33617-5937 Lists I Design I Print I Mail flnlblr Inc. Methodology Purchase Price of Property: FNBR determines the purchase price of each sale from the documentary stamps "doc stamps", which are recorded on each document. The purchase price(s) used for this study are: . Monroe County is $150,000.00 and up (per MCHA's request) Time Period: FNBR uses the County's recording date as our standard. The statistics provided for this study is the twelve month period of: . May, 2005 through April, 2006 (per MCI'lA's request) Documents Tracked: Of the documents that are recorded at the Clerk of the Circuit Court's office, FNBR uses the following types: . Warranty Deeds . Special Warranty Deeds . Corporate Warranty Deeds . Trustee's Deeds . Personal Representative's Deeds . Indentures . Guardianship Deeds . Deed for Florida . Certificate of Title . Deed of Conveyance . Agreement for Deed, and, . Articles of Agreement Copyright @2005, 2006 by FNBR Inc. All Rights Reserved. FNBR Purchase Price Study for Monroe County Housing Authority: Page 2 of 4 Creative direct mail solutions. i www.fnbr.comlinfo@fnbr.com phone: 800-635-2639 I fax: 813-988-8422 4205 E. Busch Blvd. I Tampa, FL 33617-5937 Lists I Design I Print I Mail flnlblr Inc. Statistics ;4..vefageP/,f.t-chg~~i1!t-iF~ New Homes Existing Homes Geographic Area & Condos & Condos Monroe County, Florida.................................... $720,625.................................. $744,309 New Homes Geographic Area & Condos Monroe CouIlty, Florida.. ................................. $600,000....... Existing Homes & Condos .......... $580,000 New Homes [;dsting Homes Geographic Area & Condos & Condos Monroe County, Florida............................. $174,391,300 .............. ........ $1,823,556,814 New Homes Existing Homes Geographic Area & Condos & Condos Monroe County, Florida.............................................. 242.................... ................. 2,450 Copyright <i) 200~, 2006 by FNBR Inc. All Rights Reserved. FNBR Purchase Price Study for Monroe County Huusing A utho,ity: Page 3 of.J Creative direct mail solutions. ! . www.fnbr.comlinfo@fnbr.com phone: 800-635-2639 I fax: 813-988-8422 4205 E. Busch Blvd. I Tampa, FL 33617-5937 Lists I Design I Print I Mail flDlblr Inc. Copyright &: Disclaimer The above statistics ore part of a copyrighted work. Copyriqht 19 2005,2006 by FNBR Incorporated. All rights reserved. Th is .information is provided for the sole use of Monroe County Housing Authority; and shall not be copied, distributed, or disseminated in any form withou t prior wri tten permission from FNBR Ine. FNBR Incorporated disclaims all liability which may arise from the use of this information. In no event shall FNBR Incorporated or anyone else who has been involved in the creation, production, tabulation or delivery of this information be lioble for any direct.. incidental. or (onsequentiul dtlmClges. FNBR Incorporated moke:> no warranty, expressed or implied, to you or any other person or entity. Copyright@2005, 2006 by FNBR lnc. All Rights Resen'ed. FNBR Purchase Price Study for MannE Cau~ty Hal/sing Authority: Page 4 of 4 Creative direct mail solutions. ! , www.fnbr.comlinfo@fnbr.com phone: 800-635-2639 I fax: 813-988-8422 4205 E. Busch Blvd. I Tampa, FL 33617-5937 Lists I Design I Print I Mail MONROE COUNTY HOUSING AUTHORITY RECEIVED 2 2 2001i MEMORANDUM MONROE COUNTY ATTORNEY TO: Kathy Peters, Paralegal/Administrative Assistant Monroe County Attorney's Office FROM: Marie Brouillette, SHIP Coordinator Monroe County SHIP Program CC: J. Manuel Castillo, Sf. Executive Director Monroe County Housing Authority - SHIP Administrator DATE: February 16, 2007 SUBJECT: MCHA Action Item for March 21, 2007 BOCC Meeting ************************************************************************ Enclosed is the following Monroe County Housing Authority action item for the March 21, 2007 Board of County Commissioners' Meeting: Agenda Item ------ Approval of a Resolution of the Board of County Commissioners of Monroe County, Florida approving the Local Housing Assistance Plan (LHAP) as required by the State Housing Initiatives Partnership Program (SHIP) Act, Subsections 420.907-420.9079, Florida Statutes; and Rule Chapter 67-37, Florida Administrative Code; authorizing the submission ofthe Local Housing Assistance Plan for review and approval by the Florida Housing Finance Corporation; and providing an effective date. .~