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Resolution 624-1999 C #1 0:: ,., LtJ 0 l.::J ..J '.. <: '.... (.) ~ :-- :r- .; >= W cr::: 2: .....J(.) .- a.. o .% 0::: ~~::> 0 . (..) 0 u.. ., -' . Co.) 0 (..) ;-::Cw ;:z::...Jo W ...... ;;c(.,)o:: -J 0 <( z - 0\ o C) LL.. 0\ ::L RESOLUTION # 624 -1999 A RESOLUTION REQUESTING STATE LEGISLATION AND RULE CHANGES THAT WOULD BOTH CREATE NEW SET-ASIDE ALLOCATIONS AND REVISE THE EXISTING MAXIMUM COST PER RENTAL UNITS BUILT WITH TAX CREDIT FUNDS UNDER STATE AFFORDABLE HOUSING FUNDING PROGRAMS AND RULES INCLUDING THOSE OF THE FLORIDA HOUSING FINANCE CORPORATION TO ENABLE MONROE COUNTY TO EFFECTIVEL Y COMPETE FOR THESE FUNDS. WHEREAS, Monroe County has been an Area of Critical State Concern for over 15 years; and WHEREAS, Monroe County is a geographically unique and impacted area that is dependent on bridges and causeways for connection to the mainland and is subject to growth restrictions relating to hurricane evacuation requirements; and WHEREAS, maintaining a minimum hurricane evacuation time for the County is the foundation for Monroe County's Rate of Growth Ordinance (ROGO) that limits the number of new residential dwelling units that can be built on an annual basis - currently only 182 new residential dwelling units may be permitted per year county-wide; and WHEREAS, Monroe County is an environmentally sensitive region that is home to numerous protected and endangered species of flora and fauna; and WHEREAS, there are very few areas in Monroe County appropriately zoned to accommodate moderate to high density housing developments, due to caps on density imposed by the State; and WHEREAS, due to Monroe County's vulnerability to hurricane and tropical storm damage, the County has one of the State's most restrictive building codes, which in turn greatly increases the cost of building homes in the County; and WHEREAS, recent affordable housing initiatives, such as those proposed by the Monroe County Affordable Housing Joint Task Force and the Blue Ribbon Committee on Affordable Housing warrant changes to State law and policies governing the funding of affordable housing developments; and Affordable Housing State Changes Resolution #2: New Set-Asides & Changes to Maximum Cost per Unit Page 1 of5 WHEREAS, the following factors increase the costs and limit the supply of affordable housing in Monroe County: · Highest Median Housing Cost in Florida; · Highest Cost of Living Index in Florida, for over 15 years; · Highest Construction Costs in Florida, due to distance from suppliers, limited supply of contractors and extensive regulatory requirements; · Highest land costs in Florida, due to a limited amount of buildable land; · Lack of existing housing stock, that could be converted to affordable housing; · Second homes take a significant proportion of available land and building permits and artificially inflate land values; and WHEREAS, the following factors increase the demand for affordable housing in Monroe County: · Highest cost of living in Florida, for over 15 years Monroe County has ranked as most expensive area to live in Florida according to the State of Florida Price Level Index; · Scarcity of well paying jobs due to a tourist based economy; · Desirable place to live, so each year there is a large influx of new residents competing for available housing; · Demandfor housing is so high, that many people live in crowded conditions, and/or sub-standard housing, such as dilapidated mobile homes and live-aboard boats; and WHEREAS, the Monroe County Year 2010 Comprehensive Plan (2010 Plan) recognizes affordable housing as an important issue facing Monroe County and its residents; and WHEREAS, Goal 601 of the 2010 Plan directs the County to provide programs and policies that facilitate access by all residents to adequate and affordable housing that is safe, decent and structurally sound; and WHEREAS, Policy 101.2,4 of the 2010 Plan directs the County to allocate twenty percent (20 %) of residential (non-transient) growth to affordable housing units as part of the residential ROGO allocation system; and WHEREAS, the ratio of affordable to market rate housing detailed in Policy 101.2.4 2010 Plan has not been achieved; and WHEREAS, Objective 601.2 of the 2010 Plan requires Monroe County to encourage housing of various types, sizes and price ranges to meet the needs of residents; and Affordable Housing State Changes Resolution #2: New Set-Asides & Changes to Maximum Cost per Unit Page 2 of5 WHEREAS, the high demand for housing in Monroe County and the limited supply of both existing units and building rights for future units make affordable housing too expensive to build in Monroe County unless adequate State subsidies are received; and WHEREAS, Monroe County is designated by the US Department of Housing and Urban Development as a Difficult to Develop Area; and WHEREAS, existing State affordable housing funding programs do not recognize the unique circumstances preventing the development of affordable housing in Monroe County; and WHEREAS, changes to State affordable housing funding programs and rules including those of the Florida Housing Finance Corporation are necessary to ensure that Monroe County is eligible for its fair share of State affordable housing funding programs; and WHEREAS, special rental funding opportunities for affordable housing developments in Monroe County are needed in order to compensate for points unavailable to the County under the current categories of the State's tax credit program; and WHEREAS, State law and the programs and rules of the Florida Housing Finance Corporation establish two main funding set-aside categories: urban infill and rural; and WHEREAS, creating new set-aside categories would allow Monroe County to compete for a wider range of funding options; and WHEREAS, under new set-asides relating to geographic areas, Monroe County would receive a set percentage allocation from 'Geographic Set Aside' allocations set aside for geographic areas categories; and WHEREAS, any extra points for new set-asides should be high enough to compensate for points lost due to Monroe County's inability to earn points within existing categories; and WHEREAS, the percentage allocation for these new set-asides should be no less than 10% each; and WHEREAS, under existing State law and the programs and rules of the Florida Housing Finance Corporation, the maximum unit cost for an affordable housing unit built with funds from the State tax credit program is $65,000; and Affordable Housing State Changes Resolution #2: New Set-Asides & Changes to Maximum Cost per Unit Page 3 of 5 WHEREAS, due to all the controls on development and the local building code in Monroe County it is not possible to build an affordable units for less than $65,000 inclusive of land costs; and WHEREAS, if the maximum unit cost for an affordable housing unit built were tied to the costs of building a unit in the applicant area, those areas whose costs of development are inflated due to their Area of Critical State Concern status would no longer be discriminated against by the State tax credit program; NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, that: Section 1. Wherever geographic distribution, geographic area or other such terms are defined or mentioned in State law or the programs and the rules of the Florida Housing Finance Corporation, the following definition of 'Geographically Unique and Impacted Area' should be referenced and, where appropriate, adopted: "A geographically unique and impacted area is one that is dependant on bridges and causeways for connection to the mainland, contains resources of statewide importance, such as environmentally sensitive islands or rare and endangered plant and animal species, and has rural features, and which by reason of such factors has costs for housing construction that substantially exceed the State's average of such costs and contains few parcels compatible with development." Section 2. Wherever the 'point criteria', 'FHFC threshold criteria' and evaluation criteria for FHFC funding programs are defined or mentioned in State law or the programs and the rules of the Florida Housing Finance Corporation, the following language relating to 'regulatory burdenedjurisdiction' should be referenced and, where appropriate, adopted: "A Regulatory Burdened Jurisdiction is one in which applicable local and state regulations limit the amount or location of housing units (inclusive of affordable housing) to such an extent that the costs of providing affordable housing substantially exceed the State average of such costs. For the purposes of this definition, jurisdictions within Areas of Critical State Concern shall be considered Regulatory Burdened Jurisdictions." Section 3. If any section, subsection, sentence, clause or provision of this Resolution is held invalid, the remainder of this resolution shall not be affected by such invalidity. Affordable Housing State Changes Resolution #2: New Set-Asides & Changes to Maximum Cost per Unit Page 4 of5 Section 4. All Resolutions or parts of Ordinances in conflict with this Resolution are hereby repealed to the extent of said conflict. Section 5. The Director of Monroe County's Growth Management Division is hereby directed to forward this Resolution to State Senator Daryl Jones and State Representative Ken Sorensen so that they may seek legislative action and State agency (i.e. the Florida Housing Finance Corporation et al.) program and rule amendments to implement this Resolution. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a meeting of the Board held on the ~ day of December , A.D., 1999. Mayor Shirley Freeman Mayor Pro Tern George Neugent Commissioner Wilhelmina Harvey Commissioner Mary Kay Reich Commissioner Nora Williams Yes YeR Ypq, Yes Ypq, BOARD OF COUNTY COMMISSIONERS OF M~..W...~ Ol?.c;.p,. UNT"f:iLORIDA _~ J1M..M!4...I ;T~ BY;--- ~ MA YOR/ HAIRPERSON ATTEST: DANNY L. KOLHAGE, CLERK ~c:r.-h- ~C.- . ~ i:J ~ DEPUTY CLERK BY APPROVr'-' ' ANDL Affordable Housing State Changes Resolution #2: New Set-Asides & Changes to Maximum Cost per Unit Page 5 of5