Item K1
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: December 13 -14,2000
Division: Monroe County Housing Authority
Bulk Item: Yes X
No
Department: Special Programs Office
(Staff will be present at BOCC meeting for any questions)
AGENDA ITEM WORDING:
A RESOLUTION APPROVING AN INCREASE IN MONROE COUNTY'S STATE HOUSING
INITIATIVES PARTNERSHIP (SHIP) PROGRAMS MAXIMUM SALES PRICE LIMITS.
ITEM BACKGROUND:
The Monroe County SHIP Program provides housing assistance to very-low, low and moderate-income
renters and homeowners through a variety of assistance programs. The Monroe County/SHIP First
Time Homebuyers Program has successfully assisted 126 families in pW'Chasing homes. The maximum
purchase price of eligible properties as established by the United States Treasury Department is
$124,875 (existing) and $135,714 (new). To successfully implement this program an increase in the
maximum sales price is necessary. Based on the results of an independent sales price study the Florida
Housing Finance Corporation's SHIP Review Committee has indicated it would approve Monroe
County's request for an increase. We propose to increase the SHIP program maximum sales price to
$155,000 for both new and existing eligible properties.
PREVIOUS RELEVANT BOCC ACTION:
1998 Monroe County adopts the Monroe County Local Housing Assistance Plan (LHAP)
implementing the State Housing Initiatives Partnership (SHIP) Program.
98/99 Monroe County adopts Amendments I/IIIII of the Monroe County Local Housing Assistance
Plan in response to market conditions and to provide increased flexibility in implementation.
I STAFF RECOMMENDATION:
Approval
'"
TOTAL COST: $-0-
COST TO COUNTY: $-0-
APPROVED BY:
County Attny.
ing _ Risk Management_
DEPARTMENT APPROVAL:
. anuel Castillo, Director, Special Programs Office
Mbnroe County Housing Authority
DOCUMENTATION:
Included
To Follow
Not Required X
DISPOSITION:
,~ ILJ
RESOLUTION
- 2000
A RESOLUTION APPROVING AN INCREASE IN MONROE
COUNTY'S STATE HOUSING INITIATIVES PARTNERSHIP
(SHIP) PROGRAMS MAXIMUM SALES PRICE LIMITS.
WHEREAS, it is the desire of Monroe County to continue to successfully implement the Monroe
County/SHIP First Time Homebuyers Program assisting low and moderate-income first time
homebuyers in pursuing homeownership opportunities, and;
WHEREAS, the average sales price of existing single family homes far exceeds the current SHIP
maximum sales price limits, and;
WHEREAS, without an increase in the maximum sales price limit Monroe County could not
successfully implement the Monroe County/SHIP First Time Homebuyers Program
WHEREAS, the Florida Legislature has adopted changes to Florida Statutes Chapter 420.9075 (4)(c)
providing a mechanism for local governments to seek an increase in the SHIP Programs maximum sales
price limits, and;
WHEREAS, The Special Programs Office, Monroe County Housing Authority has completed a Local
Government Independent Study required under Florida Statute 420.9075 (4)(c), and;
WHEREAS, The Florida Housing Finance Corporation's SHIP Review Committee has endorsed the
methodology under which the proposed increase in SHIP maximum sales price was established;
NOW, THEREFORE, BE IT RESOLVED, by the Board of County Commissioners of Monroe County,
Florida, that the County hereby:
Approves and adopts an increase in Monroe County's State Housing Initiatives Partnership (SHIP)
Programs to $155,000 for existing and new construction properties. Said Resolution is incorporated
into the State Housing Initiatives Partnership Program's Local Housing Assistance Plan for fiscal years
1998-1999, 1999-2000,2000-2001, as ameded
PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County, Florida at a
regular meeting on said Board on the _ day of . A.D., 2000
Mayor Neugent
Mayor Pro Tern Williams
Commissioner McCoy
Commissioner Nelson
Commissioner Spehar
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By:
Mayor/Chairman George Neugent
SEAL
ATTEST:
Approved as to form and legal sufficiency:
Date:
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