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Resolution 248-2012 2 Ifr 3 ,\ - a- E -4 fii 4 5 6 7 MONROE COUNTY BOARD OF COUNTY COMMISSIONERS 8 9 RESOLUTION NO248 2012 10 11 12 A RESOLUTION BY THE MONROE COUNTY BOARD OF COUNTY 13 COMMISSIONERS REQUESTING THE FLORIDA HOUSING FINANCE 14 CORPORATION MAINTAIN THE CURRENT LOW INCOME HOUSING 15 TAX CREDIT SMALL COUNTY FUNDING SET -ASIDE OF 2 PROJECTS 16 AND 100 UNITS MAXIMUM FOR MONROE COUNTY 17 18 19 WHEREAS, Monroe County is an Area of Critical State Concern (ACSC), which limits 20 the total number of residential building permits that can be issued annually in Monroe County to 21 258, with 83 being for affordable housing ; and 22 23 WHEREAS, this limited amount of growth creates a supply issue for housing; and 24 25 WHEREAS, this State imposed ACSC designation causes the cost of housing to be 26 artificially inflated; and 27 28 WHEREAS, 37% of Monroe County's households are cost burdened (pay more than 29 30% of their income in rent or mortgage); 18% are severely cost burdened, meaning they pay 30 more than 50% of their income in rent or morgates; and 31 32 WHEREAS, 33% of Monroe County's elderly are cost - burdened; 17% are severely cost 33 burdened; and 34 35 WHEREAS, Monroe County is number one, among small counties (population under 36 100K) for the percentage of households with extremely low income that are severely cost - 37 burdened; and 38 39 WHEREAS, Monroe County is ranked number one in 2011 median single family home 40 price; and 41 42 WHEREAS, Monroe County is ranked number three in overcrowded units; and 43 44 WHEREAS, Monroe County ranked 12 with highest median gross rent; and 45 P. 1 of 3 1 WHEREAS, significant workforce occupations in Monroe County, which include 2 accommodations, food services and drinking places, leisure and hospitality, and retail trade 3 cannot afford a HUD fair market rent for a one bedroom without being cost - burdened; and 4 5 WHEREAS, since the 2002 Florida Keys set -aside was instituted, 601 affordable housing 6 units within ten development projects have received Low Income Housing Tax Credit Funding 7 from Florida Housing Finance Corporation; and 8 9 WHEREAS, the elimination of this small county funding set -aside would burden 10 Monroe County with an even greater obstacle to provide affordable housing; and 11 12 WHEREAS, the Monroe County Affordable Housing Advisory Committee passed a 13 resolution (Exhibit 1) requesting Rule 67 -48, FAC be maintained to include a Monroe County 14 set - aside; 15 16 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY 17 COMMISSIONERS OF MONROE COUNTY, FLORIDA: 18 19 Section 1. Any repeal of or modification of Rule 67 -48, Florida Administrative Code setting 20 aside a priority of the state's tax credits for affordable housing to Monroe County will result in 21 Monroe County being unable to compete successfully to obtain tax credits which in turn will 22 place an undue hardship in meeting the housing needs of Monroe County's low and very low 23 income working residents. 24 25 Section 2. The Monroe County Board of County Commission requests that the Florida Housing 26 Finance Corporation retain the Rule with the priority set aside of up to 2 projects with a 27 maximum of 100 units for Monroe County as an Area of State Critical Concern. 28 29 Section 3. This resolution shall be transmitted to the Florida Housing 30 Finance Corporation along with the attached letter from Mayor David Rice to Mr. Steve Auger, 31 Director of the Florida Housing Finance Corporation. 32 33 34 35 (REMAINDER OF PAGE INTENTIALLY BLANK) 36 37 38 39 40 41 42 43 44 45 46 P. 2 of 3 1 PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, 2 Florida, at a regular meeting held on the 21st day of September, A.D., 2012. 3 4 Mayor David Rice Yes 5 Mayor pro tem Kim Wigington Yes 6 Commissioner Heather Carruthers Yes 7 Commissioner Sylvia Murphy Yes 8 Commissioner George Neugent Yes 9 10 11 BOARD OF COUNTY COMMISSIONERS 12 OF MONROE COUNTY, FLORIDA 13 14 15 BY 16 Mayor Da t '7 Rice 17 18 (SEAL) 19 20 ATTEST: DANNY L. KOLHAGE, CLERK 21 22 C. &ga42f; '►`' - 23 DEPUTY CLERK — 24 n o N —n CO y., Fri n N' MONRO OUNTY ATTORNEY APP •• EDA2TOFO'M Date: 2 ' P. 3 of 3 Exhibit 1 RESOLUTION OF THE MONROE COUNTY AFFORDABLE HOUSING ADVISORY COMMITTEE WHEREAS Monroe County has the highest cost of living in the state; and WHEREAS Monroe County has an ongoing shortage of affordable housing especially for low and very low income levels; and WHEREAS Monroe County has the highest cost of land and least vacant land available for building; and WHEREAS Monroe County has the highest cost of labor, materials and till (Highest building costs); and WHEREAS Monroe County has a 35 ft. building height restriction; and WHEREAS Monroe County has the most restrictive permitting process; and WHEREAS Monroe County is an Area of Critical State Concern and as such, for over 30 years has been fully under state guidance and control of building regulation and permits; and WHEREAS Monroe County as the Florida Keys, Monroe County and its cities and citizens have a critical shortage of housing at all working income levels; NOW, THEREFORE, BE IT RESOLVED BY THE AFFORDABLE HOUSING ADVISORY COMMITTEE OF MONROE COUNTY, FLORIDA: Section 1. Any repeal of or modification of Rule 67 -48, Florida Administrative Code setting aside a priority of the state's tax credits for affordable housing to Monroe County will result in Monroe County again being unable to compete successfully to obtain tax credits which in turn will result in no further low and very low income housing being built in Monroe County. Section 2. The Monroe County Affordable Housing Committee (AHAC) requests that the Florida Housing Finance Commission retain the rule as it is with the priority set aside for Monroe County as an area of State Critical Concern. PASSED AND ADOPTED By the Affordable Housing Committee (AHAC) of Monroe County, Florida, at a regular meeting held on the 22 day of August, 2012. Chair James D. Cameron Sherry Phillips Heather Roberts Randy Wall Warren Learnard Y Ken Naylor Y Morgan Hill Y Ed Swift Y William Wiatt Y Jerry Gaddis Ron Miller AFFORDABLE HOUSING ADVISORY COMMITTEE OF MONROE COUNTY, FLORIDA BY James D. Cameron, Chair