Resolution 342-2003
RESOLUTION
A RESOLUTION APPROVING AN INCREASE IN MONROE
COUNTY'S STATE HOUSING INITIA TIVES PARTNERSHIP
(SHIP) PROGRAMS MAXIMUM SALES PRICES.
342-2003
WHEREAS, it is the desire of Monroe County to continue to successfully implement the Monroe
County State Housing Initiatives Partnership (SHIP) Program providing financial assistance to the
County's very low, low and moderate-income residents for the purpose of buying, improving or building
affordable housing, and;
WHEREAS, without an increase in the SHIP Program maximum sales price Monroe County could not
successfully implement the Monroe County State Housing Initiatives Partnership (SHIP) Program, and;
WHEREAS, the average sales price of existing single family homes far exceeds the current SHIP
Program maximum sales price, and;
WHEREAS, the Florida Housing Finance Corporation has previously conducted a market study required
under Florida Statute 420.9075(4)(c) necessary for Monroe County to increase the existing SHIP
Program maximum sales price.
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 $257,000 for existing units and $270,000 new construction properties. Said Resolution is
incorporated into the State Housing Initiatives Partnership Program's Local Housing Assistance Plan
for fiscal years 2001-2002, 2002-2003, 2003-2004.
PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County, Florida at a
regular meeting on said Board on the 20thdayof August, A.D., 2003
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BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA I'-..)
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ayo{ Dixie Spehar ~~~ C'"> 0
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Mayor Spehar
Commissioner Nelson
Commissioner Neugent
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Yes
Yes
Yes
Yes
Abstain
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Dale ASSISTANT ~~V;:JfRNEY
Date:
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