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Item H1BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: April 17, 2013 Division: Monroe County Housing Authority Bulk Item: Yes x No Staff Contact Person/Phone #: 305-296-5621 Department: MC SHIP PROGRAM J. Manuel Castillo, Sr., Executive Director AGENDA ITEM WORDING: 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 AND DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND PROVIDING AN EFFECTIVE DATE. ITEM BACKGROUND: The Monroe County SHIP Program is established in accordance with Section 420.907-9079, Florida Statutes and Chapter 67-37.07 Florida Administrative Code. The creation of the Local Housing Assistance 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 and to further the housing element of the local government comprehensive plan specific to affordable housing. PREVIOUS RELEVANT BOCC ACTION: Approval by Resolution of prior Monroe County Local Housing Assistance Plans and Plan Amendments beginning in 1993. Resolution 118-2010, approval of 2011-2012-2013 LHAP. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATIONS: Approval. TOTAL COST: N/A INDIRECT COST: BUDGETED: Yes No x DIFFERENTIAL OF LOCAL PREFERENCE: COST TO COUNTY: SOURCE OF FUNDS REVENUE PRODUCING: Yes _ Vo x AMOUNT PER MONTH Year APPROVED BY: County Atty 910-( OMB/Purchasing Risk Management DOCUMENTATION: Included x Not Required_ DISPOSITION: AGENDA ITEM # Revised 7/09 LHAP Exhibit E 2013 57-37.005 (1) F.A.C. RESOLUTION - 2013 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 AND DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; 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 governments 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, requires 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 section 420.9075, F.S. 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 housing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5% 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 LHAP Exhibit E 2013 67-37.005 (1) F.A.C. 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. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA that: Section 1: The Monroe County Board of County Commissioners hereby approves the Local Housing Assistance Plan, as attached and incorporated hereto for submission to the Florida Housing Finance Corporation as required by ss. 420.907T420-9079, Florida Statutes, for fiscal years 2013-2014/2014-2015/2015-2016._ r Section 2: The Mayor 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 term and conditions of said program. Section 3: Monroe county, a small county, as defined in s. 120.52(17) is an eligible municipality receiving a local housing distribution of up to $350,000, elects to utilize 10% of the local housing distribution plus 10% of program income deposited into the trust fund for administrative costs. Section 4: This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida at a regular meeting of said Board on the 17Tn day of April, 2013. Mayor George Nugent Mayor Pro Tem Heather Carruthers Commissioner Danny Kolhage Commissioner David Rice Commissioner Sylvia Murphy SEAL: ATTEST: Monroe County Clerk BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA Deputy Clerk Approved as to legal sufficiency: Date: Mayor George Nugent -1 EXHIBIT E RESOLUTION NO. 118 — 2010 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 AND DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND AUTHORIZING THE USE OF 10% OF THE LOCAL HOUSING DISTRIBUTION PLUS 5% OF PROGRAM INCOME TO BE UTILIZED FOR ADMINISTRATIVE EXPENSES; 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 governments 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, requires 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 Section 420.9075(7), F.S., 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 housing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5% 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; and 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. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA THAT: Section 1: The Board of County Commissioners of Monroe 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 2010-2011 /2011-2012/2012- 2013. Section 2: The Mayor 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 term and conditions of said program. Section 3: The Board of County Commissioners of Monroe County hereby authorizes the use of 10% of the local housing distribution plus 59/a of program income to be utilized for administrative costs. Section 4: This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the Board of Board of County Commissioners of Monroe County, Florida at a regular meeting held on the 21" day of April, 2010. Mayor Sylvia Murphy Yes Mayor Pro Tern Heather Carruthers Yes Commissioner Kim Wigington Yes _ � Commissioner George Neugent Yes Commissioner Mario DiGennaro Yes = = C.0 •• cs o (SEAL) jr- a ATTEST: DANNY L. KOLHAGE, CLERK By"'----7 ( Deputy Clerk Approved as to ZIgal sufficiency: Date: BOARD OF COUNTY COMISSIONERS OF MOROE COUNTY LORIDA By: Syl a Mu y, Mayor STATE OF FLORIDA a ,... COUNTY OF MONltt3$M� This Ca - py is a True O�yaf��the Original on File in thisffe. My hand and Official Seal This Z day of A.D., 20 ''' ------------ LOLHAG E 2ANY Clcr Court Y D.C. MONROE COUNTY SHIP LOCAL HOUSING ASSISTANCE PLAN FISCAL YEARS COVERED 2013-2014/2014-2015/2015-2016 TABLE OF CONTENTS Title: Page No. Section I. Program Description 3 Section II. Strategies: A. Homebuyer Rehabilitation 8 B. Homebuyer Purchase Assistance 10 C. Homebuyer Impact Fee Assistance 13 D. Disaster Mitigation 16 E. Rental Construction/Rehabilitation 17 Section III. 2013 Incentive Strategies, Approved by BOCC and Florida Housing Finance Corporation 20 Section IV: Exhibit A — Administrative Budget Exhibit B — Timeline for Encumbrance and Expenditure Exhibit C — Housing Delivery Goals Chart Exhibit D — Certification Page Exhibit E — Adopting Resolution Exhibit F — Program Information Sheet Exhibit G — 90% Average Area Purchase Price - 2 - I. PROGRAM DESCRIPTION: A. Name of the participating local government and Interlocal if Applicable: Monroe County Interlocal: NIA Name of participating local government(s) in the Interlocal Agreement; ►1pU B. Purpose of the program: Creation of the 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: X 2013/2014 X 2014/2015 X 2015/2016 D. Governance: The Monroe County SHIP Program is established in accordance with Section 420.907-9079, Florida Statutes and Chapter 67-37 Florida Administrative Code. The SHIP Program does further the housing element of the local government comprehensive plan. Cities and Counties must be in compliance with applicable statutes and rules. E. Local Housing Partnership 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: 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. - 3 - 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. G. Public Input: Public input was solicited through face to face meetings with housing providers, social service providers, local lenders and neighborhood associations. Public input was solicited through the local newspaper in the advertising of the Local Housing Assistance Plan. H. Advertising and Outreach: 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: 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: 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: 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 - 4 - 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: Independent Study (copy attached) X U.S. Treasury Department Local HFA Numbers The purchase price limit of $400,000 for new and existing homes is shown on the Housing Delivery Goals Charts. L. Income Limits, Rent Limits and Affordability: 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 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. Welfare Transition Program: Should an eligible sponsor be used, the city/county has developed a qualification system and selection criteria for applications for Awards to eligible sponsors, which includes a description that demonstrates how eligible sponsors that employed personnel from the Welfare Transition Program and Workforce Development Initiatives programs will be given preference in the selection process. N. Monitoring and First Right of Refusal: 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. - 5 - 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. Q. Administrative Budget: 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. Section 4209075 Florida Statute and Chapter 67-37, Florida Administrative Code, states: "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." Section 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code, further states: "The cost of administering the program may not exceed 10 percent of local housing distribution plus 5% 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. - 6 - P. PROGRAM ADMINISTRATION: Administration of the local housing assistance plan is the responsibility of the Monroe County Housing Authority. Q. Essential Service Personnel: Include a definition as required in Chapter 67-37.002(8), F.A.C., Chapter 67-37.005(10) and Section 420.9075(3), F.S. Essential Services Personnel in Monroe County shall mean and include, without limitation full-time and part-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. R. Section 420.9075(3)(d) F.S. — priority will be given to those applicants who demonstrate innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance, such as but not limited to rehabilitation of existing homes to greatly reduce the carbon footprint of building new homes; installation of storm shutters and high impact windows and doors; use of recycled construction materials; installation of new energy saving rated appliances; etc. - 7 II. LHAP HOUSING STRATEGIES: A. Name of the Strategy: HOMEOWNER REHABILITATION A. Summary of the Strategy: Funding assistance for housing rehabilitation. B. Fiscal Years Covered: 2013 -2 014/2 014-2 015 /2015-2016 C. Income Categories to be served: Very low, low and moderate — Housing Rehabilitation Very low and low — Sewer Connections D. Maximum award is noted on the Housing Delivery Goals Charts: Mortgage loans not to exceed $35,000 for housing rehabilitation to include sewer connections. Closing and inspection costs in excess of the maximum award will be a program expense, shall not exceed $350.00 and will be a grant to the borrower. 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 in full upon sale or transfer of the property, twenty -years (20), 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. 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 the first priority given to the applicant for special needs Dousing who leverages other funds such as Weatherization to leverage the rehabilitation. - 8 - 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: 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 sewer connections. 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. Priority will be given to those applicants demonstrating innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance. - 9 - B. Name of the Strategy: HOMEBUYER PURCHASE ASSISTANCE A. Summary of the Strategy: Funding assistance for the purchase or construction of a single-family, residential, owner occupied property, including condominiums and townhouses. B. Fiscal Years Covered: 2013-2014/2014-2015/2015-2016 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 $45,000.00. Inspection costs in excess of the maximum award will be a program expense, shall not exceed $350.00 and will be a grant to the borrower. E. Terms, Recapture, Default and Assumption: 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 in full upon payment in full of the first mortgage, sale or transfer of the property, thirty years (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 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. Individual SHIP Homebuyer Mortgage Loans may be assumable in order to enhance the owner occupied property's marketability when the current appraised value is equal to or less than the original purchase price and must be recommended by the SHIP Program Coordinator and approved by the SHIP Program Administrator. This assumption provision shall expire on June 30, 2015. F. Recipient Selection Criteria: Applications for Homebuyer Assistance must include: I. A contract for purchase of an existing housing unit or one under construction. An "under construction" housing unit shall be defined as having a building permit and pilings/foundation complete and inspected. II. A lending institution pre -qualification letter for the amount to be financed which may assume a $45,000 SHIP loan. 111. An affidavit from the Seller in the event this is a unit under construction, indicating the delivery date of the housing unit [cannot be more than five months from the date of the SHIP Notice of Funding Availability (NOFA)]. In the event there are more applicants than funds available, upon completion of the initial advertising, lotteries will be utilized to determine the order of the funding. Applications will be ranked by date and time of receipt. The day, time and location of the lottery will be made available to the eligible applicants within one week of the end of the NOFA. An independent 3rd party will draw numbers to establish the order of ranking. Applicants do not have to be present at the drawing to participate. Funding will be awarded in the order drawn, in the event an applicant withdraws his application, the next person on the list will be funded. Applicants who fail to submit complete applications, who do not meet SHIP threshold requirements or cannot close due to financing or any other reason, may not reapply for SHIP assistance until the following application cycle. No new applications will be accepted for this strategy until all previously ranked by lottery applicants have had an opportunity to participate. In the event additional funding slots become available, the program will re -advertise the availability of funds and if need be, conduct a new lottery. G. Sponsor Selection Criteria: N/A 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 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. The dwelling unit purchased must be financed with a federally insured financial institution. In the event other financing methods are utilized and approved by the SHIP Administrator, the SHIP Note and Mortgage must be a first mortgage. Priority will be given to those applicants demonstrating innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance. L 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, refinancing 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 units constructed utilizing Affordable Housing Permits which restrict appreciation in the housing unit's value, shall not be subject to the Shared Appreciation Provision. - 12 - C. Name of the Strategy: IMPACT FEE PROVISO FUNDING HOUSING ASSISTANCE STRATEGY FOR THE CITY OF KEY WEST FUNDING (IFP) Funding for this strategy will be based upon repayments of Impact Fee Proviso Funding loans that were awarded in 2010. This strategy is not funded by the annual SHIP Distribution. A. Summary of the Strategy: Funding assistance for the purchase of residential properties located within the city limits of the City of Key West, Florida and up to Mile Marker 12, upon authorization by Florida Housing Finance Corporation including condominiums and town -homes. Impact Fee Proviso (IFP) funds may not be used to purchase mobile homes. B. Fiscal Years Covered: 2013-2014/2014-2015/2015 -2016 C. Income Categories and funding set -asides: Very low, low and moderate D. Maximum award: The IFP Mortgage loan is not to exceed the amount necessary to ensure the eligible purchaser's principal, interest, real estate taxes and insurance (PITI) payment does not exceed 33% of their annual household income and/or an 80% loan to value, whichever is higher. The maximum award for this strategy is $258,000. The purchase price of the housing unit may not exceed $400,000. Inspection costs in excess of the maximum award will be a program expense, shall not exceed $350.00 and will be a grant to the borrower. E. Terms, Recapture and Default: IFP Mortgage loans will be a deferred payment loan for a period of thirty (30) years with zero % interest. The mortgage shall include standard provisions for enforcement of the terms and conditions contained in the mortgage including judicial remedies. The loan will be due and payable in full upon sale or transfer of the property, thirty (30) years, 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. - 13 - F. Eligibility Requirements: 1. Applicants must derive at least 70% of their income from gainful employment in Key West. 2. Applicants may not own a second home. 3. The dwelling unit purchased must be owner occupied. 4. The dwelling unit purchased must be financed with a federally insured financial institution. In the event other financing methods are utilized and approved by the SHIP Administrator, the SHIP Note and Mortgage must be a first mortgage. G. Recipient Selection Criteria: Funding is available for commitment to individual applicants who have valid contracts for purchase for eligible homes and secured a fixed rate or an adjustable rate with the first five years fixed first mortgage (no reverse or interest only mortgages will be considered) on a "first come / first ready basis". In the event there are more applicants than funds available for any income set -aside, upon completion of the initial advertising, a lottery will be utilized to determine what order applicants can participate. Applicants who have been determined to be income eligible for program assistance will be placed on a lottery waiting list and receive a SHIP Commitment based on their position on the lottery waiting list. Applicants must execute a contract for a housing unit and secure a loan commitment within 45 days of receiving their SHIP Commitment. Short sales are not considered a contract until all parties have executed the agreement. Applicants must close within 90 days of receiving a SHIP Commitment. Applicants may submit a completed application to the Monroe County SHIP Office at any time, unless the waiting list is closed or until funding is expended. H. Additional information: Buyers must contribute a minimum of the sales price of the unit as a down -payment as follows: Very -low Income 1% Low Income 2% Moderate Income 3% The 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). - 14 - Priority will be given to those applicants demonstrating innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance. I. Maximum Sales Price: The maximum sales price shall be $400,000.00 J. Shared Appreciation Provision: All 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's Housing Assistance Strategy for the City of Key West Impact Fee Proviso Funding unless the unit is regulated by a recorded affordable housing restrictive covenant. The amount due the Strategy upon sale or transfer of the property shall be 50% of the appreciated value. The appreciated value shall be the difference between the original purchase price and the sales prices less any real estate commission and less the value of any permitted improvements. K. Program Income: Repayments from this strategy may only be utilized to purchase properties within the city limits of the City of Key West and up to Mile Marker 12, upon authorization by Florida Housing Finance Corporation. - 15 - D. 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 for which an emergency or natural disaster has been declared by executive order and which have an approved local housing assistance plan to implement a local housing assistance strategy, consistent with ss. 420.907-420.9079, for repairing and replacing housing damaged as a result of the emergency or natural disaster. B. Fiscal Years Covered: 2013-2014/2014-2015/2015-2016 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: Loans will be a deferred payment loan for a period of ten (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 and/or body politics authorized by Florida Statute are not required to enter into a deferred payment loan. F. Recipient Selection Criteria: Applications processed on a "first come, first ready" basis. G. Sponsor Selection Criteria: NIA 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). - 16 - E. Name of the Strategy: RENTAL STRATEGIES CONSTRUCTION/REHABILITATION A. Summary of the Strategy: Funds provided for the construction or rehabilitation of affordable housing units. B. Fiscal Years Covered: 2013-2014/2014-2015/2015-2016 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 in full upon sale or transfer of the property or failure to comply with the terms of the SHIP Rental Monitoring Agreement or Land Use Restriction Agreement (LURA). 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. FOR PROFIT ENTITIES and NON-PROFIT ENTITIES: Entities proposing construction/rehabilitation in conjunction with Florida Housing Finance Corporation (FHFC) funding are eligible for loans secured by a mortgage up to $40,000 per unit 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 of 3% 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 of fifteen (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. - 17 - Non-profit entities are eligible for mortgages at an interest rate of 4% 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. (See H. Additional Information) G. Recipient Selection Criteria: First priority shall be to provide Housing Units. G. funding for the preservation of Assisted Priority shall be given to applicants in the following order until all available funding is committed/expended. Priority #1 Applications proposing the creation of the new rental units by construction or rehabilitation, ranked in the following order: Ia. Proposing the longest period of affordability lb. Units serving very low-income tenants 1 c. Units serving substantially (%) very low-income tenants Id. Serving low-income tenants le. Serving substantially (%) low-income tenants 1 f. 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 2f. Serving moderate -income tenants The tiebreaker within Priority #2 shall be the lowest SHIP per unit cost. Sponsor Selection Criteria: N/A - 18 - H. Additional Information: 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. 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. Governmental entities shall not be required to execute a note and mortgage for this strategy. Priority will be given to those applicants demonstrating innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance. - 19 - III. LHAP INCENTIVE STRATEGIES F.S. Sec. 420.9071(16) A. Name of Strategy: Expedited Permittin Established policy and procedures: The Monroe County Comprehensive Plan and Land Development Regulations establish procedures for expediting the development of affordable housing projects. The County is allowed to issue 197 building permits annually and of these permits, the Count sets aside 71 permits 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. Additionally, any development order or development permit for affordable housing shall receive priority in processing and review of applications and permits. (Section 9-2(b), Monroe County Code) Responsible Agency: Monroe County Growth Management Division B. Name of Strategy: Modification of Impact Fee Requirements Established policy and procedures: The County shall continue to waive impact fees for all affordable housing, pursuant to Comprehensive Plan Policy 601.1.12 and LDC Chapter 12. Monroe County 2012 Comprehensive Plan Policy 601.1.12: By January 4, 1997, Monroe County shall adopt Land Development Regulations which may include density bonuses, impact fee waiver programs, and other possible regulations to encourage affordable housing. Monroe County Code Chapter 126 — Impact Fees, Section 126-4(h) (6), Type of Development Not Affected: Affordable or employee housing units (as defined in section 101-1) for which a deferred payment of impact fees has been recorded in the chain of title. " Responsible Agency: The Building Department and Planning Departments are responsible for implementation. C. Name of Strategy: Flexibility in Densities for Affordable Housing Established policy and procedures: - 20 - 1. Pursuant to Section 130-161(a) (1) Monroe County Code, the following density bonuses are allowed for affordable and employee housing: a Maximum Net Density of 25 dwelling units per buildable acre for land classified urban residential (UR); a Maximum Net Density of 18 dwelling units per buildable acre for land classified Mixed Use (MU); and a Maximum Net Density of 18 dwelling units per buildable acre for land classified suburban commercial (SC). Responsible Agency: Monroe County Growth Management Division 2. The County shall continue to allow the construction of affordable housing units on commercial sites without deducting from the commercial floor area allowed or residential density allowed. [LDC Sec. 130-161(a) (5)] Responsible Agency: Monroe County Growth Management Division D. Name of Strategy: Reservation of Infrastructure Capacity for Affordable Housin Established policy and procedure: Monroe County prepares an annual Public Facilities Capacity Report. This Report indicates that there is sufficient infrastructure capacity to accommodate the needs county residents. Responsible Agency: Monroe County Growth Management Division E. Name of Strategy: Allowance of Affordable Accessory Residential Units in Residential Zoning Districts Established policy and procedure: On developed parcels other than IS/URM lots, accessory residential units may be allowed in Monroe County, provided that the second residential unit is consistent with existing density and Rate of Growth Ordinance (ROGO) requirements specified within the Monroe County Code and the Monroe County Comprehensive Plan. On IS/URM lots and parcels other than ISIURM lots where maximum net density has been achieved, accessory residential guest houses may be allowed in Monroe County, provided that the guest house serves as a housekeeping establishment of the principal residence, is consistent with the definition of accessory use/structure in the Monroe County Code, and is consistent with the Monroe County Planning and Environmental Resources Department Administrative Direction No: 01-104 dated February 3, 2004 and the memorandum of understanding between the County and State concerning such development. - 21 - Responsible Agency: Monroe County Growth Management Division F. Name of Strate : Reduction of parking and setback requirements for affordable housing Established policy and procedure: Currently, variances are available where the requisite criteria can be met. Responsible Agency: The Planning and Environmental Resources Department is responsible for this on a case by case basis. G. Name of Strategy: Allowance of Flexible Lot Conflaurations Established policy and procedure: Monroe County allows flexible lot configurations to the extent setback and buffers are met. Within a development, zero lot line configurations are allowed. Variances are available where the requisite criteria can be met. Responsible Agency: The Planning and Environmental Resources Department is responsible for this on a case by case basis. H. Name of Strategy: Modification of Street Requirements Established policy and procedure: Monroe County allows internal street configurations that meet life -safety criteria. Responsible Agency: The Planning and Environmental Resources Department is responsible for this on a case by case basis. I Name of Strategy: Cost of Housing Established policy and procedures: I. All ordinances, policies, resolutions, regulations, and comprehensive plan provisions (regulations) that may affect the cost of housing including those regarding infrastructure, permitting, impact fees, or development process and approvals shall be reviewed by the growth management director, the planning director, the building official and the finance or budget director. The assessment shall evaluate whether the new regulation does, in fact, affect the cost of housing including affordable housing. Such evaluation shall be addressed in the staff report to the board of county commissioners. (Section 9-3, Monroe County Code). Responsible Agency: Monroe County Growth Management Division 2. The county allows applicants to apply to the Board of County Commissioners to waive permit application fees for affordable housing. Responsible Agency: The Planning and Environmental Resources Department and Building Department are responsible for the administration of the respective fee waivers. J. Name of Strategy: Provide an Inventory of County Owned Property Suitable for Affordable Housing Established policy and procedures: Pursuant to a Section 125.379, Florida Statutes., the County has prepared and will continue to provide an inventory of possible sites suitable for affordable housing. (Comprehensive Plan Policy 601. L6) Responsible Agency: The Clerk of Court has the list of properties approved by the Board of County Commissioners in Resolution 299-2007. K. Name of Strategy: Support development near transportation hubs and major employment centers and mixed use developments Established policy and procedures. Livable CommuniKeys Plans (LCP) have been approved for Key Largo, Tavernier, Big Pine Key and No Name Key, and Stock Island. An LCP is nearing completion for the Lower Keys. These LCPs identify activity centers that encourage the development of affordable housing near identified mixed use and employment centers. Responsible Agency: Monroe County Growth Management Division L. Name of Strategy: Inclusionary Housing Established policy and procedure: Section 130-161(b) (2), Monroe County Code: - 23 - 1. Residential developments, other than mobile home or mobile home spaces covered by subsection (b)(2)b. of this section, that result in the development or redevelopment of three or more dwelling units on a parcel or contiguous parcels shall be required to develop or redevelop at least 30 percent of the residential units as affordable housing units. Residential development or redevelopment of three units on a parcel or contiguous parcels shall require that one developed or redeveloped unit be an affordable housing unit. For the purpose of this section, and notwithstanding subsection (b) (2)b. of this section, any dwelling unit exceeding the number of lawfully established dwelling units on site, which are created by either a THE or ROGO allocation award, shall be considered developed units. 2. The removal and replacement with other types of dwelling units of ten or more mobile homes that are located on a parcel or contiguous parcels and/or the conversion of mobile home spaces located on a parcel or contiguous parcels into a use other than mobile homes shall be required to include in the development or redevelopment a number of affordable housing units equal to at least 30 percent of the number of existing units being removed and replaced or converted from mobile home use or, in the event the new use is nonresidential, to develop affordable housing units at least equal in number to 30 percent of the number of mobile homes or mobile home spaces being converted to other than mobile home use. Removal and replacement or conversion to a different use of ten mobile homes or mobile home spaces on a parcel or contiguous parcels shall require that three units be replaced or converted to deed -restricted affordable housing. 3. In calculating the number of affordable housing units required for a particular project, or phase of a project, all dwelling units proposed for development or redevelopment or mobile homes or mobile home spaces to be converted from mobile home use since the effective date of the ordinance from which this section is derived shall be counted. In phased projects, the affordable housing requirements shall be proportionally allocated among the phases. If a subsequent development or redevelopment is proposed following a prior development approved on the same property as it existed as of the effective date of the ordinance from which this section is derived, which prior development did not meet the compliance thresholds set forth in subsection (b)(2)a. or (b)(2)b. of this section, the requirements of subsection (b)(2)a. or (b)(2)b. of this section shall be met as part of the subsequent development for all units proposed for development or redevelopment after the effective date of the ordinance from which this section is derived. Responsible Agency: Monroe County Growth Management Division - 24 - M. Name of Strategy: Affordable Housing Incentive Programs Established policy and procedure: 1. Section 130-161.1 Monroe County Code establishes incentives for affordable housing development by allowing the transfer of market rate ROGO exemptions within the ROGO subarea from mobile home parks that deed restricts the existing mobile home site to affordable units for 99 years. 2. Consider amending the Land Development Code to allow incentives for a market rate unit to obtain an affordable ROGO allocation and move the market rate unit to another site through a Transfer of ROGO Exemption (TRE) if the existing site will be deed restricted for 99 years as affordable. Responsible Agency: Monroe County Growth Management Division N. Name of Strategy: Employee Housing and Commercial Apartment Defmition and Permitted Uses Established policy and procedure: The definition and permitted uses section of the Monroe County Code needs to be amended to encourage employee housing within existing commercial centers and zoning districts that allow either employee or commercial apartments. The goal is to not to require employees to work on the site where employee housing is located; employees should work within the subarea where the employee housing is located. Responsible Agency: Monroe County Growth Management Division Q. Name of Strategy: Purchase and Lease Back Program Established policy and procedure: The County has a purchase and lease -back program for affordable housing. Responsible Agencies: Monroe County Land Development Authority; Monroe County Housing Authority - 25 - Exhibit A ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR MAP 2013 Exhibit A 67-37.005(1), F.A.C. Effective Date: 11/09 MONRC)F COUNTY-FLORIDA Estimated Allocation for Calculating: $ 36,500.00 Fiscal Year 2014 Salaries and Benefits $ 29,500.00 Office Supplies and Equipment $ 4,000.00 Travel Perdiem Workshops, etc $ 1,000.00 Advertising $ 1,500.00 Other $ 500.00 Total $ 36,500.00 Fiscal Year 2015 Salaries and Benefits $ 29,500.00 Office Supplies and Equipment $ 4,000.00 Travel Perdiem Workshops, etc $ 1,000.00 Advertising $ 1,500.00 Other $ 500.00 Total $ 36,500.00 Fiscal Year 2016 Salaries and Benefits $ 29,500.00 Office Supplies and Equipment $ 4,000.00 Travel Perdiem Workshops, etc $ 1,000.00 Advertising $ 1,500.00 Other $ 500.00 Total $ 36,500.00 J 4 U N LL w F H N O LL w J m ww 2 F ................ ................. ........ONE ........... 0 NONE NONE mommom mom SON ON MONO OMEN limommomom MEN No ONE MEMO moommoom SEEM Emmommom ME NONE MEMO MES.. ,0000 ME 0 SEEN M ME NONE .......... 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E a w m b o o a O O a of = o b ofo x E o v a m a u9 a► V W a a o f J 4. m � ui VVZ t9z e W W q 8 0 o W p o o Y 3 m m m 0 LL N co 4 W 2 Z 0= Z O J i OT O a O O 0 0 0 $ b V azo 0 W d x E 0 �ri a4 C Ln 69 0.o x p 4 n UM9 o G 5�5� 2S 7S C;O g LL f' I ai Q oC E Q— N n N v y- � C7 fl N kj ws a t O t m =E -^ t e m m O a� = Q aE E C7 o CO ri O OE OC W A c C m EKL COO Q1E E u1t e oC m E LL d a n F E ■e E E Q E 0 oC g mod 00 Eh M a m 0 a 13 w LHAP Exhibit D 2013 67-37.005(1), F.A.C. CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: Monroe Counly, Florida (1) The local government will advertise the availability of SHIP funds, if available, 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 assistance. (5) Recipients of funds will be required to contractually commit to program guidelines. (6) The Florida Housing Finance Corporation will be notified promptly if, at any time, 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 received. (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 and Technical Revisions to the approved Local Housing Assistance Plan shall be provided to the Corporation within 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 as program income. (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 by June 30 of each calendar year. LHAP Exhibit D 2013 67-37.005(1), F.A.C. 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 by June 30. (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 (LIHTC) Program shall comply with the income, affordability and other LIHTC 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 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 FAC, and how each of those requirements shall be met. (19) The provisions of Chapter 83-220, Laws of Florida has not been implemented. (except for Miami Dade County Witness Witness Date Attest: (Seal) K Chief Elected Official or designee Type Name and Title LHAP Exhibit E 2013 67-37.005 (1) F.A.C. RESOLUTION - 2013 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 AND DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; 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 governments 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, requires 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 section 420.9075, F.S. 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 housing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5% 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 LHAP Exhibit E 2013 67-37.005 (1) F.A.C. 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. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA that: Section 1: The Monroe County Board of County Commissioners 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 2013-2014/2014-2015/2015-2016. Section 2: The Mayor 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 term and conditions of said program. Section 3: Monroe county, a small county, as defined in s. 120.52(17) is an eligible municipality receiving a local housing distribution of up to $350,000, elects to utilize 10% of the local housing distribution plus 10% of program income deposited into the trust fund for administrative costs. Section 4: This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida at a regular meeting of said Board on the 17TH day of April, 2013. Mayor George Nugent Mayor Pro Tem Heather Carruthers Commissioner Danny Kolhage Commissioner David Rice Commissioner Sylvia Murphy SEAL: ATTEST: Monroe County Clerk BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA IM Deputy Clerk Approved as to legal sufficiency: Date: Mayor George Nugent LHAP Exhibit F 2013 67-37.005(1), F.A.C. STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM PROGRAMINFORMATION SHEET The following information must be furnished to the Corporation before any funds can be disbursed. Local Government Monroe County, Florida Chief Elected Official Address SHIP Administrator Address Mayor George Nugent 500 Whitehead Street, Key West, FL 33040 J. Manuel Castillo, Sr. 1400 Kennedy Drive, Key West, FL 33040 Telephone 305-296-5621 EMAIL, castillom@kwha.org Alternate SHIP Contact Marie Brouillette- Coordinator Telephone 305-296-5621 EMAIL. brouillettem@kwha.org Interlocal Agreement (list other local governments in interlocal) n/a Local Government Employer Federal ID # S96000749 Disbursement (list bank account information if changed from previous) Other Information PipaeP attaeh thin form As Exhibit F and submit alone with your completed LHAP. EXHIBIT G County 90% Average Area Purchase Price BAKER $ 357 692.00 BAY $ 365 769.00 BREVARD $ 268 846.00 BROWARD $ 391153.00 CHARLOTTE $ 273 461.00 CLAY 357 692.00 COLLIER 490 384.00 DUVAL $ 357 692.00 FLAGLER 265 384.00 FRANKLIN $ 281538.00 HERNANDO $ 270 000.00 HILLSBOROUGH $ 270 000.00 INDIAN RIVER $ 261 923.00 LAKE 326 538.00 LEE $ 328 846.00 MANATEE $ 408 461.00 MARTIN $ 346153.00 MIAMI-DADE $ 391153.00 MONROE $ 673 615.00 NASSAU $ 357 692.00 OKALOOSA $ 288 461.00 ORANGE 326 538.00 OSCEOLA $ 326 538.00 PALM BEACH $ 391 153.00 PASCO $ 270 000.00 PINELLAS $ 270 000.00 SARASOTA $ 408 461.00 SEMINOLE $ 326 538.00 ST. JOHNS $ 357 692.00 ST. LUCIE $ 346 153.00 SUMTER 257 307.00 VOLUSIA $ 280 384.00 WALTON $ 334 882.00 All other areas (floor): $ 250,200.00 IRS Rev. Proclamation 2012-25 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Time Approx 10:00 a.m. Meeting Date: April 17, 2013 Division: Employee Services Bulk Item: Yes _ No X Department: Employee Benefits Staff Contact Person/Phone #:_Teresa Aguiar X4458 AGENDA ITEM WORDING: Report of 12 month savings on health plan expenses and potential future costs resulting from HealthCare Reform. ITEM BACKGROUND: On September 15, 2010, the BOCC approved the bid proposal with Gallagher Benefit Services, Inc. (GBS) to perform consulting services on an as needed basis in the areas of Group Health Insurance. As part of the bid proposal and contract, GBS made a performance guarantee of an annual savings of at least $3.2 million on health plan expenses over the 12 month period following the implementation of GBS's recommended changes. PREVIOUS RELEVANT BOCC ACTION: N/A CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATIONS: N/A TOTAL COST:__ INDIRECT COST: BUDGETED: Yes No DIFFERENTIAL OF LOCAL PREFERENCE: COST TO COUNTY: $0 SOURCE OF FUNDS: REVENUE PRODUCING: Yes No APPROVED BY: County Atty � L DOCUMENTATION: Included DISPOSITION: Revised 7/09 X AMOUNT PER MONTH Year OM)L B/Puhasing Risk Management C t� Not Required AGENDA ITEM #