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Resolution 626-1999 , c ~ W d 0::: l~ ;..::J ...J 0 "'!.... < '''' (..) ~ =- ::t:- . ~ L.&.J x: -I(.)i- e:: a.. <::) .Z 0::: :x:: 2:.::> 0 . (..) 0 Lr... ~ _,J . (..) - :!l:: W C) (.) --....J W ..... ~(..)~ --' C <( Z u... 0" o 0 en x: RESOLUTION # 626 -1999 A RESOLUTION REQUESTING STATE LEGISLA nON AND RULE CHANGES DIRECTING THE FLORIDA HOUSING FINANCE CORPORA nON TO DESIGNATE ALL OF MONROE COUNTY AS BOTH A LOCAL AND A STATE TARGET AREA TO ACCESS TARGET AREA, LOW-INTEREST RATE FIRST MORTGAGES FOR HOMEOWNERSHIP. 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 #4: Target Area Designation Page I of 4 , 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 RaGa 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 #4: Target Area Designation Page 2 of 4 WHEREAS, the high dem~d 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, most Monroe County residents who can meet the affordable housing criteria of the County, State and Federal governments cannot afford to purchase a home at today's prevailing interest rates; and WHEREAS, Monroe County having been designated an area of Critical State Concern under Florida Statutes 380.0552, is already eligible to be recognized by the Florida Housing Finance Corporation as a STATE TARGET AREA; and NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, that: Section 1. Section 2. Section 3. Section 4. All of Monroe County should be designated as a LOCAL TARGET AREA, thereby making it eligible for a range of affordable housing funding opportunities available under State legislation and the programs and the rules of the Florida Housing Finance Corporation. All of Monroe County should be recognized by the Florida Housing Finance Corporation as a STATE TARGET AREA, thereby making it eligible for a range of affordable housing funding opportunities available under State legislation and the programs and the rules of the Florida Housing Finance Corporation. 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. All Resolutions or parts of Ordinances in conflict with this Resolution are Affordable Housing State Changes Resolution #4: Target Area Designation Page 3 of4 . 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 Finarice 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 Yes Mayor Pro Tern George Neugent Yes Commissioner Wilhelmina Harvey Yes Commissioner Mary Kay Reich Yes Commissioner Nora Williams Yes BY: ATTEST: DANNY L. KOLHAGE, CLERK ~~O ,C.~~~ DEPUTY CLERK ORM ~. ._0 : =-1 Affordable Housing State Changes Resolution #4: Target Area Designation Page 4 of 4