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Item M1 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: February 19, 2014 Division: Monroe County Housing Authority Bulk Item: Yes x No Department: MC SHIP PROGRAM Staff Contact Person/Phone#: J. Manuel Castillo, Sr., Executive Director 305-296-5621 AGENDA ITEM WORDING: A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE STATE HOUSING INITIATIVE PARTNERSHIP (SHIP) PROGRAM FUNDING PRIORITIES FOR AVAILABLE FUNDING FROM THE 2012 TO 2014 FUNDING DISTRIBUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. ITEM BACKGROUND: The Monroe County SHIP Program has recognized that insufficient funding for the rehabilitation of homes is being made available to the citizens of our County that are most in need. The majority of poverty level, disabled and challenged residents of Monroe County have no financial recourse to fund necessary repairs to their homes to make them safe, clean and sanitary. Many residents will also require funding to enable them to connect to centralized sewer treatment facilities. This funding will also be used to provide additional funding for Weatherization Program projects. The funds currently available from the 2012 to 2014 distributions will enable these residents to rehabilitate their homes and meet the State's mandate for all Florida Key residents to connect to centralized sewer systems. PREVIOUS RELEVANT BOCC ACTION: N/A 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: N/A SOURCE OF FUNDS: MC SHIP FUNDS REVENUE PRODUCING: Yes No x AMOUNT PER MONTH Year APPROVED BY: County Atty OMB/Purchasing Risk Management DOCUMENTATION: Included x Not Required DISPOSITION: AGENDA ITEM # Revised 7/09 RESOLUTION - 2014 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE STATE HOUSING INITIATIVE PARTNERSHIP (SHIP) PROGRAM FUNDING PRIORITIES FOR AVAILABLE FUNDING FROM THE 2012 TO 2014 FUNDING DISTRIBUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, in 1992, the William E. Sadowski Act levied a $0.10 increase to the Documentary Tax Stamp tax paid on the transfer of real estate; and WHEREAS, the State of Florida Legislature has not appropriated any funding for the SHIP Program in the last 5 years from the Sadowski Act State Housing Trust Fund; and WHEREAS, future SHIP funding is uncertain as the State continues to use Sadowski Act receipts for other purposes; and WHEREAS, the Homebuyer Assistance Strategy's current award amount of$45,000.00 would need to be increased to the $60,000 to $65,000 range to permit applicants to obtain sensible and affordable income to mortgage payments, and, income to total debt payment underwriting ratios; and WHEREAS, it is anticipated that the Cudjoe Regional and Villages of Islamorada sewer projects will require sewer connection assistance from the SHIP Program; and WHEREAS, the Monroe County's Weatherization Program, due to its household funding limits of $6,500.00 per household has clearly demonstrated the need for additional funding in order to provide additional and necessary repairs; and WHEREAS, despite continued funding by the City of Key West and Monroe: County Disaster Recovery Programs countywide for the rehabilitation of single family housing, there remains a need for this assistance from the SHIP Program for those households who are ineligible for Disaster Recovery funding. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA that: The Monroe County Board of County Commissioners hereby approves the SHIP Program Funding Priorities for funds currently available from the 2012 to 2014 distributions. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida at a regular meeting of said Board on the I 9th day of February, 2014. Mayor Sylvia Murphy Mayor Pro Tern Danny Kolhage Commissioner George Neugent ---------- Commissioner Heather Carruthers Commissioner David Rice SEAL: ATTEST: Monroe County Clerk BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA BY: BY: Deputy Clerk Mayor Sylvia Murphy Approved as to legal sufficiency: Date: W OE COUNTN% 'NEY P -VED A8 RE-[�Re�r;77-R- CADO --- TA-AS'81!SNT 00UNTY firl' ' PREYZ/617 MONROE COUNTY SHIP PROGRAM FUNDING PRIORITIES-THREE YEAR PLAN FHFC PROGRAM DISTRIBUTIONS AVAILABLE INCOME TOTAL FISCAL YEAR EXPEND BY: 350,000 286,934 286,934 2011-2012 June 30, 2014 29,843 80,568 275,629 356,197 2012-2013 June 30,2015 350,000 350,000 350,000 2013-2014 September 30,2015 -a 141,000 141,000 2013-2014 June 30,2016 2013-2014 SHIP BUDGET 717,502 416,629 1,134,131 PROPOSED HOMEOWNER FUNDING PRIORITIES A-Sewer Connections for Cudjoe Regional and Villages of Islamorada B-Set aside for disabled applicants totalling 20%of award($70,0100)-required C-Renovation funding to supplement County Weatherization program D-Elderly/disabled homeowner rehabilitation ESTIMATED DISTRIBUTION TO FUNDING PRIORITIES SEWER SINGLE FAMILY CONNECTIONS DISABLED WEATHERIZATION REHABILITATION TOTAL 0 0 85,000 201,934 286,934 0 0 100,000 256,197 356,197 100,000 70,000 100,000 80,000 350,000 66,000 0 75,000 141,000 166,000 70,000 -ai 360,000 538,131 1,134,131 -a State of Florida Mortgage Settlement contains a 20%set aside for disabled and prohibition on assisting in the purchase of new homes W\SHIP PROGRAM\FUNDING PRIORITIES\SHIP THREE YEAR PLAN