Resolution 029-2008
RESOLUTION NO. 029 -,2008
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA APPROVING AN AMENDMENT TO
THE LOCAL HOUSING ASSISTANCE PLAN STRATEGY FOR
DISASTER MITIGATION FOR FISCAL YEARS 200612007 AND
200712008; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Monroe County applied for and received a special Hurricane Wilma
Disaster Mitigation award in thc amount of$575,408; and
WHEREAS, prior to receipt of this special allocation, the Monroe County SHIP
Program provided assistance to eligible very low and low income residents through
the existing Housing Rehabilitation Strategy; and
WHEREAS, the City of Key West, Florida applied for and received an initial
award of $7,531,497 in CDBG Disaster Recovery funding for a countywide program
for the rehabilitation of existing affordable housing structures; and
WHEREAS, the City of Key West, Florida has applied for and will shortly
receive an additiortal award in the amount of $10,249,714 in CDBG Supplemental
Disaster Recovery Funding for the Rehabilitation of existing affordable housing
stmctures; and
WHEREAS, the Disaster Recovery CDBG Housing Assistance Plan provides
assistance in the form of a deferred payment loan forgiven after 10 years to the very
low and low income residents countywide; and
WHEREAS, the CDBG Disaster Recovery funding does not require local
jurisdiction and/or other body politics authorized by Florida Statute to enter into a
deferred payment loan; and
WHEREAS, the infusion of the CDBG Disaster Recovery funds with favorable
terms has eliminated the demand for SHIP Disaster Mitigation funding; and
WHEREAS, the present unencumbered balance of SHIP Disaster Mitigation
funds is approximately $155,000; and
WHEREAS, the unencumbered Disaster Mitigation funding IS for
Homeownership and must be expended by June 30, 2008; and
WHEREAS, there continues to be a significant demand for Homebuyer
Ass,istance.
NOW THEREFORE, BE IT RESOLVED BY THE Board of County
Commissions, ofMomoe County, Florida, that the County hereby approves:
An amendment to the Monroe County State Housing Initiatives Partnership
(SHIP) Program, Local Housing Assistance Plan (LHAP), Disaster Mitigation
Strategy attached hereto as Exhibit "A ".
PASSED AND ADOPTED THIS 16th
DAY OF Januarv
,2008.
BOARD OF CONTY COMMISSIONERS
OF MONROE TY, FLORIDA
Yes
Yes
Yes
Yes
Mayor McCoy
Mayor Pro Tem Di Gennaro
Commissioner Spehar
~issioner Murphy
/;!i'>~.~i$s1oner Nugent
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" 5';, 'A~ST:'DANNY L. KOLHAGE, Clerk
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MONROE COUNTY ATTORN
Approved as to legal sufficie .r !:.O FO
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EXHIBIT "A"
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 rerain;.
Funds to be provided to eligible applicants for Homebuyer Assistance in
accordance with the Local Housing Assistance Plan, Homebuyer
Assistance Strategy terms and conditions approved by Resolution 122-
2007 dated March 21, 2007.
b. Fiscal Years Covered:
2006/2007 and 2007/2008
c. Income Categories to be served:
Very low, low and moderate
d. Maximum award is noted on the Housing Delivery Goals Charts:
Homeowner and Rental Hurricane related repairs deferred payment,
forgiven loans not to exceed $35,000 per housing or rental unit.
Homebuyer Assistance Strategy Loans not to exceed $45,000 per home in
accordance with the Homebuyer Assistance Strategy terms and conditions
approved by Resolution 122-2007, March 21, 2007.
e. Terms, Recapture and Default:
Loans will be a deferred payment loan for a period often (10) years with
a zero % interest rate. The loan balance will be forgiven during years six
(6) through ten (10) at the rate of twenty (20) % per year. The loan will be
due and payable in full upon the sale or transfer of the property, failure to
comply with the terms of the SHIP mortgage or death of the last surviving
homeowner. In the event of the death of the last surviving homeowner,
any income eligible heir residing in the home may assume the SHIP Loan
as long as they can obtain title to the entire property within one (1) year of
the death of the last surviving homeowner and the first mortgagee
consents to the assumption of their loan. Local jurisdictions andlor body
politics authorized by Florida Statute are not required to enter into a
deferred payment loan.
Thc terms and conditions for the Homebuyer Assistance Strategy will be
those approved by Resolution 122-2007 on March 21, 2007.
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 hcalth and safety hazard to occupant(s).
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.
Funds to be provided to eligible applicants [or Homebuvcr Assistance in
accordance with the Local Housing Assistance plan. Homebuver
Assistance Strategy terms and.conditipns approved March 21. 2007.
b. Fiscal Years Covered:
2006/2007 and 2007/2008 2QQ8!2QQ8 2099/2QQ9 2QHl
c. Income Categories to be served:
Very low, low and moderate
d. Maximum award is noted on the Housing Delivery Goals Charts:
Homeowner alld Rental Hurricane related repairs deferren payment.
forgiven Iwans not to exceed $35,000 per housing or rental writ.
Homebuyer Assistance Strategy Loans not to exceed $45.000 Der home in
accordance with the Homcbuyer Assistance Strategy terms and conditions
aPllroY~1JY Resolution 122-2007. March 21. 2007.
e. Terms, Recapture and Default:
Mortgage !Joans will be a deferred payment loan for a period of ten tllmy
(l~0) years with !Lzerb % interest rate. Thc loan baJaqcc will pc loruiven
during years six (6) through ten (10) at the rate of twenty (20) % per year.
The loan will be due and payable in full upon the sale or transfer of the
property,-, thirty Yellf"S (30), failure to comply with the terms of the SHIP
mortgage or death of the last surviving homeowner. In the event of the
death of the last surviving homeowner, any income eligible heir residing
in the home may assume the SHIP Loan as long as they can obtain title to
the entiIe property within one (1) year of the death of the last surviving
homeowner and the first mortgagee consents to the assumption of their
loan. Local iurisdictions and/or body politics authorized bv Florida
Statute are not required to enter into a deferred payment loan.
The terms and conditions for the Homebuyer Assistance Strategy will be
those aoproved by Resolution 122-2007 on March 2.1 2007..
f. Recipient Selection Criteria:
Applications processed on a "first come, first ready" basis.
Homebuyer Assistance aoplicants will be processed in accordance with
the Homebuyer Assistance Strategy approved bv Resolution 122/2007 on
March 21. 2007
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).