Resolution 151-1998
RESOLUTION NO. 151-1998
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A RESOLUTION ADOPTING AND APPROVING MONROE
COUNTY'S STATE HOUSING INITIATIVE PARTNERSHIP
LOCAL HOUSING ASSISTANCE PLAN FOR FISCAL YEARS
1998-1999,1999-2000, AND 2000-2001 AND OTHER
REQUIRED APPROVALS
WHEREAS, Monroe County is designated to receive funds from the STATE
HOUSING INITIATIVE PARTNERSHIP (SHIP) Program for the purpose of the
development and implementation of Affordable Housing programs; and
WHEREAS, the program provides for the allowance of up to ten (10) percent of
the funds for administrative expenses, when approved by resolution; and
WHEREAS, the Monroe County Board of County Commissioners is required to
approve the plan and submit it for review and approval to the Florida Housing Finance
Corporation.
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA HEREBY APPROVES:
Section 1. The attached Monroe County Local Housing Assistance Plan for the Fiscal
Years 1998-1999,1999-2000, and 2000-2001.
Section 2. The finding that five (5%) percent of Local Housing Distribution is
insufficient to adequately pay the administrative costs of the SHIP Program and the need
and approval for administrative expenses of ten percent (10%) allowable by the SHIP
Program to assist in the county-wide implementation of the Local Housing Assistance
Plan.
Section 3. The Chairman of the Board of Commissioners, on behalf of Monroe County,
is granted the authority to execute all documents and certifications required for the
submission and approval of the Local Housing Assistance Plan to the Florida Housing
Finance Corporation and any applicable required changes that may be forthcoming from
the Florida Housing Finance Corporation's review and approval process.
Section 4. The continued administration of the Local Housing Assistance Plan by the
Special Programs Office, Monroe County Housing Authority, pursuant to the
Governmental Interlocal Agreement approved by BOCC Resolution 162-1993, April 14,
1993. Re-designation of the Director of the Special Programs Office as the County's
SHIP Program Administrator to be the county's representative responsible to the Florida
Housing Finance Corporation's SHIP program.
Resolution Page 1 of 2
Plan Page 16 of 17
Section 5. The maximum award schedule as listed in the Plan
Home Owner Strategy (1) Cesspool Replacement Requirements 1998-2001
Average Costs: $10,000
Maximum SHIP Dollars per unit $12,000
Minimum Number of Units to be addressed 45 units through 2001
Home Owner Strategy (2) Emergency Repair 1998-2001
Average Costs: $ 4,000
Maximum SHIP Dollars per unit $ 4,900
Minimum Number of Units to be addressed 27 units through 2001
Home Owner Strategy (3) First Time Home Buyer 1998-2001
Average Costs $120,000
Maximum SHIP Dollars per unit $ 18,000
Minimum Number of Units to be addressed 24 units through 2001
Rental Strategy (1) Rental Construction (newlrehabilitation) 1998-2001
Average Costs: $ 10,000
Maximum SHIP Dollars per unit $ 4,800
Minimum Number of Units to be addressed 51 units through 2001
Rental Strategy (2) Special Needs Housing,
Group Home Construction (new/rehabilitation) 1998-2001
Average Costs: $ 6,000
Maximum SHIP Dollars per unit $ 4,900
Minimum Number of Units to be addressed 24 units through 2001
PASSED and ADOPTED, by the Board of County Commissioners of Monroe County,
Florida, at a regular meeting of said Board held on the 8th day of April, 1998.
(SEAL)
ATTEST
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BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY
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Danny Ko age, erk he Court
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Mayor London ~
Mayor Pro T em Harvey ~
Commissioner Douglass yes
Commissioner Freeman yes
Commissioner Reich .fes
Reviewed for Legal Sufficiency
Resolution Page 2 of 2
Plan Page 17 of 17
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TABLE OF CONTENTS
I. PROGRAM DESCRIPTION Pages
a. Name of participating local government 1
b. Brief description of local program 1
c. State fiscal years of local Housing Assistance Plan (Plan) 1
d. Solicitation of public input in developing plan 2
e. Support services available 2
II. INTERLOCAL AGREEMENT (non-applicable) 2
III. LOCAL HOUSING PARTNERSHIPS
a. Efforts to facilitate Local Housing Partnerships 2-3
b. Combined resources of Local Housing Partnership 3
to reduce the cost of housing
IV. STRATEGIES
a. (Home ownership Strategies) 3-5
b. (Rental Strategies) 5-6
c. Housing Delivery Goals Charts ( See CHARTS below)
V. TIMET ABLE FOR EXPENDITURE 7
VI. AFFORDABILlTY
a. Home Ownership 8
b. Rental 8
VII. ADVERTISEMENT AND OUTREACH
a. Description of local government's efforts of making 8
SHIP program available to applicants
b, Statement that local government will advertise the 9
availability of a Housing Assistance Plan at least 30 days
prior to beginning of the application period.
VIII. ADMINISTRATIVE EXPENSES
a. Local SHIP Program administrative responsibilities 9
b. Specified percentage of funds for Administration 9-10
c. State Fiscal Year breakout of administrative expenditures 10
CHARTS
a. Housing Delivery Goals Chart
b. Housing Delivery Goals Chart
c. Housing Delivery Goals Chart
1998-1999
1999-2000
2000-2001
11
12
13
IX. CERTIFICATION PAGE(S) 14-15
X. ADDITIONAL REQUIRED INFORMATION
A. Original signed and witnessed Resolution adopting the 16-17
Monroe County SHIP Plan 1998-2001
MONROE COUNTY
STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PLAN
LOCAL HOUSING ASSISTANCE PLAN
STATE FISCAL YEARS 1998-1999, 1999-2000 AND 2000-2001
I. PROGRAM DESCRIPTION
a. Monroe County is the legal entity that has prepared this Local Housing
Assistance Plan in coordination and participation with the State's Housing Initiative
Partnership (SHIP) Plan. The Plan is in compliance with Florida Statute 420.907 and
the Florida Administrative Code (91-37).
b. The design and implementation of the SHIP Program in Monroe County has a
number of unique considerations:
(1 ) The only county in the State of Florida whose entire geographical area
has been declared an "Area of Critical State Concern" pursuant to Chapter
163.3244, Florida Statutes.
(2) The only county in the State of Florida that has an executed
Memorandum of Understanding with the State of Florida that requires the
elimination of "one" existing residential cesspool prior to issuance of "one" new
residential building permit. The eliminated cesspool must be in the same
geographical area as the proposed new residential building permit. (Upper,
Middle or Lower Keys).
(3) State approved Rate of Growth Ordinance (ROGO) which allocates only
255 residential building permits inclusive of an affordable housing set-aside.
(Per state approved bonus points for environmental work items such additional
insulation, solar hot water, cisterns, 155 mile wind loads, raised elevation above
required flood level, etc.)
(4) The 1997 Florida Price Level Index published annually by the State of
Florida has Monroe County for twelve straight years ranked with the highest
cost of living of any of the sixty-seven counties. Within the indices used
"housing" accounts for 37.86%. Monroe County ranked 27.45% higher in
housing costs than the state average.
The local SHIP program must cover over 100 plus linear miles of unincorporated
county area and four incorporated areas. The housing needs within Monroe County far
exceed the revenues available under the SHIP funding formula. The local SHIP
program is designed to assist in leveraging other available housing funding, both under
the Home Ownership and Rental strategies.
c. The state fiscal years addressed in Monroe County's Local Housing Assistance
Plan are fiscal years 1998-1999, 1999-2000, and 2000-2001.
Plan Page 1 of 17
d. Advertisements of public meetings were placed in three separate newspapers
serving Monroe County. Three public meetings were conducted countywide. (1) Old
City Hall, Key West, Mile Marker 0, (2) Marathon Public Library, Mile Marker 48.5, and
(3) Islamorada Public Library, Mile Marker 81.5. All facilities were handicap accessible.
Proposed strategies and budget allocations were distributed and discussed. Draft
copies of the Plan were posted at all county public libraries. Public input was
incorporated into the 3-yr. plan.
e. Support services for the implementation of Monroe County's SHIP program will
continue to be through the Special Programs Office, Monroe County Housing Authority.
This office has provided continued affordable housing support services through the
HOME Program, Single Family Mortgage Revenue Bond (MRB) Program, Community
Development Block Grant Program, and U.S. HUD's rental rehabilitation program.
This office also coordinates with the City of Key West in providing housing for eligible
AIDs' clients through AIDs, Help, Inc. and HUD's HOPWA Program. The Special
Programs Office provides administrative support to the Monroe County Housing
Finance Authority. Other referenced local support services through spa are
Consumer Credit Counseling Services of South Florida, Inc. and Habitat for Humanity.
II. INTERLOCAL AGREEMENT.
Since the initiation of Monroe County's local SHIP program in 1993, the program has
been for countywide participants within the unincorporated and incorporated areas of
the county. There is not any need for interlocal agreements.
III. LOCAL HOUSING PARTNERSHIPS.
a. The countywide landscape of financial institutions continues to vary through
mergers, expansions, and acquisitions. Institutional needs or lack of need for
Community Reinvestment Act requirements also vary. The county's success in the
implementation of first time home buyers' opportunities under the county's HOME, SHIP
and MRB programs has made all the lending institutions in Monroe County, participants
in our Local Housing Partnership. Each financial institution located in Monroe County
has participated in this Partnership through HOME and SHIP. Housing developers
have participated by processing building permits through RaGa and providing turn-
key housing units to an eligible HOME or SHIP program participant. Clients have been
referred and assisted through Consumer Credit Counseling Services. U.S.
Congressional assistance has expedited the process of obtaining U.S. Navy housing
both for rental and home ownership. The Homeless Coalition has had specific units
allocated to their use in the U.S. Navy excess property process (BRAC).
The most recent initiative was the establishment by Fannie Mae of a South Florida
Partnership Office that included Monroe County. A training session was conducted
March 23, 1998 that included bankers, mortgage companies, Realtors and local
government that introduced and made available to Monroe County a series of Fannie
Mae products such as (1) Financing Home Repairs and Renovations up to $50,000,
Plan Page 2 of 17
(2) Nonprofit Borrowers for Lease-Purchase Mortgage Loans, and (3) Community
mortgages for low and moderate income households (3% down and generous L TVs).
b. Monroe County has been able to combine local housing partnership resources
to assist in reducing certain costs of housing.
The Monroe County Land Authority for Monroe County $1,573,600
(acquisition of property for affordable housing under the
County's Plan 2000, Housing Element.)
The Monroe County Land Authority for City of Key West $1.956,000
(acquisition of property for affordable housing under the
City's Plan 2000, Housing Element)
The Monroe County Housing Finance Authority $ 75,000
(Direct financial support to rental affordable housing units)
Monroe County $ 135,000
($35,000-support to 1st Time Homebuyer Program and $100,000
to cesspool replacement. (low-income homeowners)
Florida Department of Environmental Protection $ 100,000
(Cesspool replacement for low-income homeowners)
City of Key West's Mayor's Revolving Loan Fund $ 500,000
(Rehabilitation of low-income homer owners' property
Habitat of Humanity $ 25,000
(Direct assistance/materials/equipment-elderly low income)
Financial institutions have provided portfolio loans to clients without sufficient job
history, credit rating, etc. that would allow selling the mortgage on the secondary
market. The Monroe County Housing Finance Authority made available Single Family
Mortgage Revenue Bonds, Series 1997 through participating lenders.
IV. STRATEGIES
HOME OWNERSHIP STRATEGIES (Minimum of 65% of annual SHIP allocations)
1. Home Owner Cesspool Replacement. State Health Department Compliance
county and state mandated. Health & Safety.
Fiscal Years: 1998-1999,1999-2000,2000-2001.
Client Base: Very-low and low income home owner households.
Selection Criteria: Per date of issuance of State's Health Department's
Compliance Letter and return date of Monroe County's
Replacement application.
Recapture Provision: Assistance in the amount of $5,000 or more shall be in the
form of a loan. Ten years. zero interest. Forgiven 1/10th
per year. Balance due/payable upon sale or title transfer.
Strategy Leverage Funds: Sm. Cities, CDBG Program
FI. Dept. of Environmental Protection funding
State Budget appropriation
Monroe County General Revenue Funds
Plan Page 3 of 17
This strategy is currently in effect through joint agreement of the Governor's office and
Monroe County per a Memorandum of Understanding between the state and county,
County Ordinance 03-1997 and County Resolution 257 -1997. Currently, sixty
applications have been received and are being processed for HQS inspections and
issuance of Health Department Permits for aerobic treatment systems. SHIP funds to
be allocated to this strategy in this three-year plan will continue to be combined with
other available leveraged funding.
2. Emergency Home Owner Repairs. Health & Safety Work items. (electrical,
plumbing, roof, water connection, structural repairs)
1998-1999, 1999-2000, 2000-2001.
Very-low and low income households.
Initiation of SHIP FY application cycle on a first-come-first
qualified basis until yearly funding expended.
Grant only. Up to $4,900. In a case of extreme emergency
of a very-low income home owner, upon written approval by
the County Administrator, an amount greater than $4,900 in
the form of a mortgage and note may be issued. The
mortgage/note will be for a ten year period. It will be
forgiven 10% per year based on compliance.
Strategy Leverage Funds: Mayor's Revolving Loan Program
Habitat for Humanity
Fiscal Years:
Client Base:
Selection Criteria:
Recapture Provision:
This strategy is currently in effect with the county's existing SHIP Assistance Plan. It
has served a number of clients with emergency health and safety situations requiring
immediate assistance. The strategy will continue to function on a timely client
response time to immediate health and safety issues. Where repairs are extensive,
home equity loans are pursued.
3. First Time Home Buyer Program
Fiscal Years: 1998-1999,1999-2000, and 2000-2001.
Client Base: Low Income and Moderate Income households.
Selection Criteria Lottery System.
Recapture Provision: Funding secured by a mortgage and note. Due and payable
upon sale or transfer of property or at the end of thirty years whichever is first. Loans
are at zero percent and for a thirty year term. Mortgage/note are Fannie Mae
approved. Minimum 3% down. PITI cannot exceed 30% of the gross family income
unless their is agreement between the first mortgagee and the SHIP Administrator that
in meeting the program's fiduciary responsibilities a higher percent of gross family
income may be expended for PITI. Maximum loan amount is $18,000 per property.
The property must be the principal and primary residence of the borrower and eligible
for homestead exemption status. Funding may be for down payment assistance,
closing costs, HQS rehabilitation requirements, and reduction assistance of PITI front-
end ratio to 30%.
Strategy Leverage Funds: Affordable Housing Program, First Mortgage Product.
Single Family, Mortgage Revenue Bond programs.
Plan Page 4 of 17
This is an existing SHIP strategy. It is the only strategy where moderate income
households are eligible to apply. Over 50% of all residential real estate sales in the
county have been secondary homes. This strategy allows for a small number of low
and moderate income residents to obtain home ownership and stabilize their
employment and community involvement.
Home Ownership Counseling.
This an existing strategy that provides required Community Lending Education
SeminarslWorships, Fair Housing SeminarslWorkshops, Credit Counseling and
Mortgage Product availability to clients. Seminars/workshops are conducted
throughout the Keys (Upper, Middle and Lower). It is anticipated there will be
approximately fifteen seminars/workshops to address various topics of Community
Lending Programs, Mortgage Revenue Bonds, Fair Housing, Credit Counseling,
Lease/Purchase options ROGO requirements for new construction permitting and
cesspool replacement requirement procedures.
Home Ownership Contingency Strategy
Should the approved Home Ownership strategies not be accumulatively successful a
contingency strategy will be implemented that will be Home Owner Rehabilitation
Strategy allowing for loans up to $20,000 to rehabilitate existing homes of very-low
and low income home owners with funds secured by a mortgage and note. Should the
contingency strategy become necessary it will be adopted by Amendment to the Plan.
RENTAL STRATEGIES
1. Rental Construction. (new or rehabilitation). Annual rental housing
dedicated to very-low and low income eligible households.
Fiscal Years: 1998-1999,1999-2000, and 2000-2001.
Client Base: Very-low and low income households
Selection Criteria: Priority 1. Existing or proposed units participating under
state or federal rental assistance program.
Priority 2. Conversion of dwelling or non-dwelling
structures to annual rentals by not-for profits.
Priority 3. New or conversion of existing property to
annual rentals by for-profit entity.
Recapture Provision: Where the entity applying is a public agency with existing
affordability criteria that is equal to or greater than the SHIP Program rental criteria a
copy of the executed affordability agreement accompanied by an affidavit of
compliance for a minimum of fifteen years shall be on file. Annual re-certification of
applicable tenants' income shall be provided to the SHIP Administrator. Where the
property is owned fee simple a fifteen year mortgage and note will be placed on the
property with the affordability criteria covenants. The mortgage shall be forgiven
1/15th each year of compliance. Balance is due payable upon other use conversion,
Plan Page 5 of 17
sale or transfer of properly. Mortgage and note may be assumed by new owners
accepting the covenants of the mortgage.
Strategy Leverage Funds: U.S. HUD CGP funding, HOME Rental funding.
CRA construction to permanent loan
Fannie Mae Investor Mortgage programs
This is an existing SHIP strategy that has been expanded to include new construction
as well as rehabilitation. Currently Group Homes have applied under this strategy,
They still will be able to compete under this strategy but now will have their own set-
aside.
2. Special Needs Housing, Group Home Construction. (new or rehabilitation).
Fiscal Years: 1998-1999, 1999-2000, and 2000-2001.
Client Base: Very-low and low income households.
Selection Criteria: Priority 1. Long-term care facility.
Priority 2. Highest percentage of very-low income clients.
Priority 3. First-time SHIP assistance.
Priority 4. Number clients served by facility.
(When applications should be ranked equal, a lottery
drawing will be conducted.)
Recapture Provision: Assistance for one facility/one provider that is less than
$5,000 shall be in the form of a grant. Assistance for one facility/one provider that is
greater than $5,000 shall be in the form of a mortgage and note,
Annual re-certification of applicable tenants' income shall be provided to the SHIP
Administrator. Where the property is owned fee simple, a fifteen year mortgage and
note will be placed on the property with the affordability criteria covenants. The
mortgage shall be forgiven 1/15th each year of compliance. Balance is due payable
upon other use conversion, sale or transfer of properly. Mortgage and note may be
assumed by new owners accepting the covenants of the mortgage. Where the facility
is on leased property an annual affidavit of affordability and compliance shall be
provided to the SHIP Administrator.
Strategy Leverage Funds: U.S. HUD Grants
State of Florida, Children and Family Services funds
Foundation funds
This a new strategy. Previously Special Needs housing (group homes) applied under
the generic Rental Rehabilitation Strategy. The written SHIP application process will
be followed.
Rental Contingency Strategy. Under rental Strategy 1 both new and rehabilitation
rental opportunities are available. Previous use of this strategy has expended all of
the strategy allocated funds. Should future implementation of this strategy indicate
otherwise, the contingency strategy would expand the use of this strategy to moderate
income. Should the contingency strategy become necessary it will be adopted by
Amendment to the Plan.
Plan Page 6 of 17
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Plan Page 7 of 17
VI. AFFORDABILlTY
a. Home Ownership.
1. The Income limits shall be adjusted for family size and shall be in the amounts
allocated for Monroe County as published annually by the Florida Housing Finance
Corporation for participation in the State Housing Initiatives Partnership Program.
Published by the Florida Housing Finance Corporation as of January 27, 1998
Monroe County: Median Income $45,200
# in Household 1 ~ ~ ~ ~ ~ I ~
% of Median Inc.
50% Very-Low 16,100 18,400 20,700 23,000 24,850 26,700 28,500 30,350
80% Low 25,750 29,450 33,100 36,800 39,750 42,700 45,650 48,550
120% Moderate 38,640 44,160 46,680 55,200 59,616 64,032 68,448 72,864
2. The housing debt of Principal, Interest, Taxes and Insurance (PITI) shall not
exceed 30% of the area median income adjusted by household size unless the first
mortgagee and the SHIP Administrator agree based on fiduciary responsibilities that
the percent of gross household income may exceed 30%. (A number of community
lending programs requiring a minimum of 3% to 5% down use house payment ratios of
33% and total debt ratio of 38% and will adjust on individual cases.)
b. Rental.
1. Monthly Rental Rates of units shall be adjusted to bedroom size as established
for Monroe County by the State Housing Initiatives Partnership Program and published
annually by the Florida Housing Finance Corporation.
Published by the Florida Housing Finance Corporation as of January 27, 1998
SHIP, 1998 Rents for Monroe County Adjusted to Unit Size.
Bedroom Size Eft. 1 ~ ~ ~
% of Median Inc.
50% Very Low 402 431 517 598 667
80% Low 643 690 827 956 1,067
120% Moderate 966 1,035 1,242 1,435 1,600
VII. ADVERTISEMENT AND OUTREACH
a. Applications will continue to be placed in all county libraries which provides
ready access to all county residents. Applications may also be requested directly the
Special Programs Office.. Availability of applications will also be advertised on the
Monroe County bulletin board that appears on cable TV countywide. Radio PSAs will
be issued. News releases will be furnished to the countywide newspapers.
Plan Page 8 of 17
b. The county will place a display advertisement in three countywide newspapers
announcing the availability of funding through the local Housing Assistance Program at
least 30 days prior to the beginning of "each year's" application period.
VIII. ADMINISTRATIVE EXPENSES
a. The Monroe County Local Housing Assistance Plan shall be continued to be
administered by the Special Programs Office, Monroe County Housing Authority,
pursuant to the Governmental Interlocal Agreement approved by SOCC Resolution
162-1993, April 14, 1993, until further written notification to the Florida Housing
Finance Corporation by the Soard of County Commissioners, Monroe County. The
Director of the Special Programs Office shall be Monroe County's official SHIP
Program Administrator responsible to the Florida Housing Finance Corporation's SHIP
Program, until further written notification from the County Administrator.
The SHIP Administrator shall:
(1 ) be responsible for the implementation of the Local Housing Assistance Plan and
to meet the county's responsibilities under the State Housing Initiatives Partnership
Program's regulations and reporting requirements. At a minimum this consists of:
. A minimum of 65% of annual SHIP funds must be spent on eligible home ownership
activities
. A minimum of 75% of funds must be spent on eligible construction activities.
. At least 30% of the annual allocation must be reserved for very low-income
households (up to 50% of median income)
· An additional 30% of the annual allocation must be reserved for low-income
households (51% to 80% median income)
· SHIP funds may not be used to assist mobile homes or manufactured housing;
unless the manufactured buildings are approved and permitted by DCA insignia.
· Maximum Purchase Price must not exceed 90% of the Median Area Purchase Price
as established by U.S. Department of Treasury.
(2) after 90-calendar days from the publication of local Housing Assistance Funding
Availability, have the authority to relocate the allocated SHIP dollars within the specific
HOME OWNERSHIP STRATEGIES and within the specific RENTAL STRATEGIES as
the Administrator deems necessary based on application demand based on compliance
with the applicable state SHIP Rule and Florida Statute.
(3) have the authority to modify any line item in the proposed administrative budget
to reflect the actual required program expenditures up to the 10% of SHIP allocated
funds allowed for administration without additional SOCC approval.
b. The previous experience of implementing numerous strategies countywide has
provided a sufficient finding that five (5%) percent of the Local Housing Distribution is
insufficient to adequately pay administrative costs of the SHIP Program and the SOCC
recognizes and approves the maximum amount allowable of ten percent (10%) of the
Plan Page 9 of 17
Local Housing Distribution to be used for required administrative costs. Any
applicable program income/recaptured funds shall be subject to a five percent (5%)
administrative costs in their re-allocation to eligible clients through approved
strategies. The BOCC shall consider any additional expense required to administer the
local Housing Assistance Plan during its annual budget process. The SHIP
administrative funds shall be allocated as follows:
Administrative Expenditure Budget per State Fiscal Year
Description
Salaries, Administrator
Salaries, Programs Coord.
Employee Benefits (28%)
Bookkeeping
Advertisement
Printing/Copying
Postage/Expo Delivery
Phone
Supplies
Rent
TOTAL:
IX. CERTIFICATION PAGE
Included in the executed Plan.
FY 1998-1999
12,000
25,000
10,360
2,400
750
900
490
500
600
2.400
$55,400
FY 1999-2000
12,000
25,000
10,360
2,400
750
900
490
500
600
2.400
55,400
FY 2000-2001
12,000
25,000
10,360
2,400
750
900
490
500
600
2.400
55,400
X. ADDITIONAL REQUIRED INFORMATION
The additional information is included in the Plan and the BOCC Resolution.
Plan Page 10 of 17
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CERTIFICATION TO
FLORIDA HOUSING FINANCE CORPORATION
Local Government: Monroe County County/City
(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, color, age, sex, familial status, handicap, religion, or national
ongm.
(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 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 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.
(1 I) Amounts on deposit in the local housing assistance trust fund shall be in-/ested 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.
Plan 14 of 17
...,..-....
Page 2
Certification
(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 Ta'{ 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 at least annually for
15 years for compliance with tenant income requirements and affordability requirements.
Witness
a~
Witness
Jack London. Mayor/Chairman
Type Name and Title
OR
, ,
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ATTEST: CANt JY L KOLHACE CLERK
fN Y~m;::~~~~~~
lf/~1 q ~
Date
Attest:
(Seal)
Plan Page 15 of 17