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HomeMy WebLinkAboutItem C26 C26 BOARD OF COUNTY COMMISSIONERS COUNTY of MONROE Mayor James K.Scholl,District 3 The Florida Keys Mayor Pro Tern Michelle Lincoln,District 2 Craig Cates,District 1 David Rice,District 4 Holly Merrill Raschein,District 5 Board of County Commissioners Meeting June 18, 2025 Agenda Item Number: C26 2023-4125 BULK ITEM: Yes DEPARTMENT: Social Services TIME APPROXIMATE: STAFF CONTACT: Sheryl Graham N/A AGENDA ITEM WORDING: Approval of a Resolution of the Board of County Commissioners of Monroe County, Florida, approving the Local Housing Assistance Plan("LHAP") for Fiscal Years 2025-2026, 2026-2027, and 2027-2028, as required by the State Housing Initiatives Partnership Act, Sections 420.907 - 420.9079, Fla. Stat., and Rule Chapter 67-37, F.A.C.; authorizing and directing the Mayor to execute all necessary documents and certifications needed by the State; and authorizing the submission of the LHAP to the Florida Housing Finance Corporation. ITEM BACKGROUND: The State Housing Initiatives Partnership (SHIP) Act, Sections 420.907-420.9079, Fla. Stat., and Rule Chapter 67-37, Florida Administrative Code, require local governments to adopt a one (1) or three (3) year Local Housing Assistance Plan outlining how funds allocated by the State will be used to support affordable housing activities. The proposed Monroe County Local Housing Assistance Plan (LHAP), if adopted by resolution of the BOCC, will cover affordable housing activities in the three (3) upcoming State fiscal years. The LHAP includes a variety of sections, one of which is the local affordable housing incentive strategies that is required to be recommended for approval of the BOCC by the membership of the Affordable Housing Advisory Committee (AHAC). The AHAC met on March 31, 2025, and again on May 2, 2025, and adopted resolution no. 01-2025 recommending that the BOCC adopt the proposed LHAP including the "Incentive Strategies" portion of the LHAP. After reviewing the impact of the AHAC recommendation to forgive the SHIP downpayment assistance and a review of how the repayment of downpayment assistance has been utilized in the past, staff has recommended the BOCC continue to require repayment of downpayment assistance. The income from the repayment has been used to fund multi-family rehabilitation and continues to be a resource to do more for providing affordable housing. This research was not available during the AHAC meeting and therefore, staff did not discuss this with the AHAC. 961 Staff has prepared a document entitled, "Recommended Changes to LHAP 26-27-28," as attached back- up to this Agenda Item. The Staff memorandum summarizes the changes that are proposed between the former LHAP, the LHAP reviewed by the AHAC, and the Florida Housing Finance Corporation's (FHFC) final conditionally approved LHAP 26-27-28, attached hereto. PREVIOUS RELEVANT BOCC ACTION: BOCC Approved Resolution 224-2024 on 7/17/2024. INSURANCE REQUIRED: No CONTRACT/AGREEMENT CHANGES: The attached version of the LHAP has been reviewed and preliminarily approved by the Florida Housing Finance Corporation (FHFC). However, County Staff is directed to submit this BOCC Resolution and the incorporated LHAP, to the FHFC for final acceptance consistent with the SHIP Act. STAFF RECOMMENDATION: Approval. DOCUMENTATION: Monroe County BOCC RESO Approval LHAP 26-27-28(FINAL)6.9.25.pdf Monroe LHAP 26-27-28_FINAL w. Ex s.pdf BACKUP Recommended Changes to LHAP 26 27 28.pdf BACKUP AHAC.Resolution.01.2025(FINAL APPRD 5.5.25)Lgl Apprd_202505071126205516.pdf BACKUP Monroe County LHAP 23-24-25 with resolution.pdf VENUE AUDIT TRAIL 2025.xlsx VENUE AUDIT TRAIL FISCAL YEAR 2024 FINAL.xlsx VENUE AUDIT TRAIL 2023 SHIP.xlsx FINANCIAL IMPACT: The Board approves the use of ten(10)percent of the local housing distribution plus five (5)percent of program income to adequately pay the necessary costs of administering the program. 962 RESOLUTION NO. -2025 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, APPROVING THE LOCAL HOUSING ASSISTANCE PLAN ("LHAP") AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SECTIONS 420.907 - 420.9079, FLORIDA STATUTES; AND RULE CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OF THE LHAP FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act,pursuant to Chapter 92-317,Laws of Florida, allocating a portion of documentary stamp taxes on deeds to local governments for the development and maintenance of affordable housing; and WHEREAS, the State Housing Initiatives Partnership (SHIP) Act, Sections 420.907- 420.9079, Fla. Stat., and Rule Chapter 67-37, Florida Administrative Code, requires local governments to develop a one (1)- to three (3)-year Local Housing Assistance Plan (LHAP) outlining how funds will be used; and WHEREAS, the SHIP Act requires local governments to establish the LHAP program strategies and maximum SHIP funds allowable for each strategy; and WHEREAS,the SHIP Act further requires local governments to establish an average area purchase price for new and existing housing benefiting from awards made pursuant to the Act, and the methodology and purchase prices used are defined in the LHAP 26-27-28, attached hereto and incorporated herein as "Composite Exhibit 1;" and WHEREAS, as required by Section 420.9075, Fla. Stat., it is found that five (5) percent of the local housing distribution plus five (5) percent of program income is insufficient to adequately pay the necessary costs of administering the LHAP; and therefore, the cost of administering the program may not exceed ten (10)percent of the local housing distribution plus 1 963 five (5)percent of program income deposited into the trust fund; and WHEREAS,the Social Services Department, with input from other County Staff and the Affordable Housing Advisory Board, has prepared a three (3)-year LHAP for submission to the Florida Housing Finance Corporation; and WHEREAS, the County Commission finds that it is in the best interest of the public for Monroe County to submit the LHAP for final review and approval so as to qualify for said documentary stamp tax funds. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA: Section 1: That the foregoing "WHEREAS"clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this Resolution. Furthermore, the Monroe County Local Housing Assistance Plan for fiscal years 2025-2026, 2026-2027, and 2027- 2028, is attached and incorporated hereto as "Composite Exhibit L" Section 2: That the Monroe County Board of County Commissioners hereby approves the Monroe County Local Housing Assistance Plan ("LHAP") for fiscal years 2025-2026, 2026- 2027, and 2027-2028, and further directs County Staff to submit same to the Florida Housing Finance Corporation as required by Sections 420.907- 420-9079, Fla. Stat. (2024). Furthermore, the Board approves the use of ten(10)percent of the local housing distribution plus five(5)percent of program income to adequately pay the necessary costs of administering the program. Section 3: That the Mayor, or in his absence the County Administrator, is hereby designated and authorized to execute any documents and certifications required by the Florida Housing Finance Corporation as related to the LHAP, and to do all things necessary and proper to carry out the term and conditions of said program. Section 4: That if any clause, section, other part or application of this resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or in application, it shall not affect the validity of the remaining portion or applications of this resolution. Section 5: That this Resolution shall be in full force and effect immediately upon its adoption. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 2 964 PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a meeting of said Board held on the this day of , 2025. Mayor James K. Scholl Mayor pro tem Michelle Lincoln Commissioner Craig Cates Commissioner David Rice Commissioner Holly Merrill Raschein (Seal) Attest: Kevin Madok, Clerk BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By: By: Deputy Clerk James K. Scholl, Mayor Approved as to legal form and sufficiency: By: Eve M. Lewis, Asst. County Attorney 3 965 "COMPOSITE EXHIBIT V tow Mtwo% n WD�1 MONROE COUNTY, FLORIDA MONROE COUNTY STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) 2025-2026,2026-2027,2027-2028 1 966 Table of Contents Description Page# Section I, Program Details 3 Section II, Housing Strategies 7 A. HOMEBUYER ASSISTANCE 7 B. OWNER OCCUPIED REHABILITATION 10 C. OWNER OCCUPIED DISASTER RELIEF 12 D. HOMEOWNER SEWER LATERAL CONNECTION 14 E. AFFORDABLE RENTAL CONSTRUCTION/REHABILITATION 16 F.AFFORDABLE RENTAL DISASTER REHABILITATION RELIEF 18 Section III, Incentive Strategies 19-26 A. Expedited Permitting B. Ongoing Review Process Other Ongoing Incentive Strategies (subparagraphs C. -O.) Exhibits A. Administrative Budget for each fiscal year covered in the Plan B. Timeline for Estimated Encumbrance and Expenditure C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the Plan D. Signed LHAP Certification E. Signed, dated, witnessed or attested adopting resolution F. Ordinance: unchanged (N/A) G. Interlocal Agreement (N/A) 2 967 Section I. Program Details: A. LG(s) Name of Local Government MONROE COUNTY,FLORIDA Does this LHAP contain an interlocal agreement? NO If yes, name of other local government(s) N/A B. Purpose of the program: • Serve the residents residing within Monroe County, Florida; • To meet the housing needs of the very low, low, moderate, and households up to 140% of AMI income households; • To expand production of and preserve affordable housing; and • To further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: 2025-2026, 2026-2027, 2027-2028 D. Governance:The SHIP Program is established in accordance with Section 420.907-9079, Florida Statutes and Chapter 67-37, Florida Administrative Code. Cities and Counties must be in compliance with these applicable statutes, rules and any additional requirements as established through the Legislative process. E. Local Housing Partnership:The SHIP Program encourages building active partnerships between government, lending institutions, builders and developers, not-for-profit and community-based housing providers and service organizations, providers of professional services related to affordable housing, advocates for low- income persons, real estate professionals, persons or entities that can provide housing or support services and lead agencies of the local continuums of care. F. Leveraging:The Plan is intended to increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. SHIP funds may be leveraged with or used to supplement other Florida Housing Finance Corporation programs and to provide local match to obtain federal housing grants or programs. G. Public Input: Public input was solicited through face-to-face meetings with housing providers, social service providers and local lenders and neighborhood associations. Public input was solicited through the local newspaper in the advertising of the Local Housing Assistance Plan and the Notice of Funding Availability. H. Advertising and Outreach: SHIP funding availability shall be advertised in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding availability is required. I. Waiting List/Priorities:A waiting list will be established when there are eligible applicants for strategies that no longer have funding available. Those households on the waiting list will be notified of their status. Applicants will be maintained in an order that is consistent with the time completed applications were submitted as well as any established funding priorities as described in this plan. The following priorities for funding (very low income, Special Needs, etc.) described/listed here apply to all strategies unless otherwise stated in an individual strategy in Section II: 3 968 First priority for funding in all strategies will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding in all strategies will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding in all strategies will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. J. Discrimination: In accordance with the provisions of ss.760.20-760.37, it is unlawful to discriminate on the basis of race, color, religion, sex, national origin, age, handicap, or marital status in the award application process for eligible housing. K. Support Services and Homeownership Counseling: Support services and homeownership counseling are available from various sources including in-person and online opportunities. The County recommends seeking such services through a HUD-approved agency, if warranted and/or needed. Available support services may include but are not limited to: Homeownership Counseling (Pre and Post Purchase), Credit Counseling, Tenant Counseling, Foreclosure Counseling and Transportation. The County recommends and encourages these services and counseling courses. In order to be eligible for funding, at least one (1) hour of a County-approved education and/or counseling session must be completed. L. Purchase Price Limits: The sales price or value of new or existing eligible housing may not exceed 90% of the average area purchase price in the statistical area in which the eligible housing is located. Such average area purchase price may be that calculated for any 12-month period beginning not earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and existing units, which can be lower but may not exceed 90%of the average area purchase price established by the U.S.Treasury Department or as described above. The methodology used is: U.S.Treasury Department x Local HFA Numbers M. Income Limits,Rent Limits and Affordability:The Income and Rent Limits used in the SHIP Program are updated annually by the Department of Housing and Urban Development and posted at www.floridahousing.org. "Affordable"means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections 420.9071, F.S. However, it is not the intent to limit an individual household's ability to devote more than 30% of its income for housing, and housing for which a household devotes more than 30% of its income shall be deemed Affordable if the first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30%benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. N. Welfare Transition Program: Should an eligible sponsor be used, a qualification system and selection criteria for applications for Awards to eligible sponsors shall be developed, which includes a description that demonstrates how eligible sponsors that employ personnel from the Welfare Transition Program will be given preference in the selection process. O. Monitoring and First Right of Refusal: In the case of rental housing, the staff and any entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. However, any loan or grant in the original amount of 4 969 $10,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored annually for no less than 15 years or the term of assistance whichever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before 15 years or that have remaining mortgages funded under this program must give a first right of refusal to eligible nonprofit organizations for purchase at the current market value for continued occupancy by eligible persons. P. Administrative Budget: A line-item budget is attached as Exhibit A. The county finds that the moneys deposited in the local housing assistance trust fund are necessary to administer and implement the local housing assistance plan. Section 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code, states: "A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan." Section 420.9075 Florida Statute and Chapter 67-37,Florida Administrative Code,further states:'The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(19), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs." The applicable local jurisdiction has adopted the above findings in the resolution attached as Exhibit E. Q. Program Administration: Administration of the local housing assistance plan will be performed by: Entity Duties Admin. Fee Percentage Local Government Monroe County Social Services Department 10% Third Party Entity/Sub- N/A recipient R. First-time Homebuyer Definition: For any strategies designed for first-time homebuyers, the following definition will apply: An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers). A single parent who has only owned a home with a former spouse while married.An individual who is a displaced homemaker and has only owned with a spouse.An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure. S. Project Delivery Costs(PDQ Project Delivery Costs will be allowed on disaster recovery only with a cap of 5%. The PDC will be for inspections performed by non-county employees. T. Essential Service Personnel Definition(ESP): ESP includes teachers, educators,other school district personnel, community college and university employees, police, fire, and emergency medical services, and paramedic personnel, health care personnel, government personnel, active military servicemember, military veteran, service industry personnel, and skilled building trades personnel. U. Describe efforts to incorporate Green Building and Energy Saving products and processes: Consideration will be given to those sponsors who demonstrate innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance, rehabilitation of existing homes to greatly reduce the carbon footprint of building new homes; installation of 5 970 storm shutters and high impact windows and doors; installation of new energy saving rated appliances; etc. V. Describe efforts to meet the 20%Special Needs set-aside:The Monroe County SHIP office in conjunction with Monroe County Social Services, utilize their existing applicant list in addition to continuous advertising on the Monroe County website for ongoing homebuyer assistance and homeowner rehabilitation assistance funding countywide. W. Describe efforts to reduce homelessness:The SHIP program provides owner occupied rehabilitation assistance to the extremely low,very-low, low, and moderate income recipients/applications of Monroe County reducing the risk of those homeowners becoming homeless. X. Exemption to Statutory Set-Asides: Under Senate Bill 1456 enacted on May 31, 2024, Monroe County, a designated area of state critical concern, is exempt from the income set-asides set forth in Section 420.9075 (5), Fla. Stat.This exemption sunsets on June 30, 2029. Y. Settlement/Write-off in the Event of Foreclosure:The SHIP Administrator, or designee, has the discretion to recommend settlement of a SHIP mortgage lien in a pending foreclosure case, where the SHIP mortgage lien is junior to the foreclosing party's lien.The Monroe County SHIP program does not prohibit the County from voluntarily reducing the SHIP mortgage lien to settle the pending legal matter.The reduced payment will be reported as part of the Program Income (event type: foreclosure)for loan repayment for that close-out year. Z. Modular Homes: Modular homes are built in a factory and built to the Florida Building Code. Modular Homes built to the current Florida Building Code are eligible for SHIP assistance.To receive SHIP assistance modular home must be affixed upon permanent foundation.The recipient must own both the home and the land upon which the mobile/manufactured home is affixed. AA.Mobile/Manufactured Homes: Mobile homes are licensed and built to standards as provided by the U.S. Department of Transportation, and Florida Department of Highway and Motor Vehicle Safety. "Mobile/Manufactured Home" means a structure,transportable in one(1)or more sections,which is eight body feet (8') or more in width, greater than four hundred (400) square feet and which is built on an integral chassis and designed to be used as a dwelling when connected to the required utilities and includes the plumbing, heating, air conditioning and electrical systems contained herein. Mobile/Manufactured Homes built after December 1, 2005, and meet the required standards are eligible for SHIP assistance.To receive SHIP assistance mobile/manufactured home must be affixed upon permanent foundation. The recipient must own both the home and the land upon which the mobile/manufactured home is affixed. BB. Reserved Rights of the County: For the protection, sustainability, and vitality of the Monroe County SHIP, the SHIP Administrator, or designee, may reevaluate any application for eligibility that has the following unique financial commitments or obligations, either existing or reasonably foreseeable in the proximate SHIP transaction, whereby the transition is not financially viable. For example, reevaluation of eligibility may occur when the following circumstances exist: three (3) or more funding sources are required for a home purchase, not including the County's SHIP contribution; reverse mortgage exists on the property; fraudulent or misrepresentations within the transaction; the debt to income ratio for household expenditures exceeds 53% of the annual gross household income; or any combination of SHIP funding is already expended upon the property and not yet satisfied/forgiven. Note: The SHIP mortgage amount shall not be included in the debt to income ratio for household expenditures for purposes of additional review of eligibility determination based on expenditures to income comparison. 6 971 Section II. Housing Strategies: A. HOMEBUYER ASSISTANCE Code 1, 10 a. Summary of Strategy: Funding assistance for the purchase of existing or newly constructed by an owner-occupant of single-family, residential property, including condominiums,townhouses, mobile/manufactured homes (built after December 1, 2005), and modular homes. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served: Very low, low, moderate, and households up to 140%AMI d. Maximum award: $65,000 e. Terms: 1. Deferred Loan: Secured by a recorded note and mortgage 2. Interest Rate: 0% 3. Years in loan term: 30 4. Forgiveness: N/A. 5. Repayment: Full payment at maturity or default; otherwise, none due as long as the loan is in good standing. 6. Default:The loan will be due and payable in full upon maturity, sale, rental or transfer of the property, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption, foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to the heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. f. Recipient Selection Criteria: Eligible applicants will receive assistance on a "First Qualified, First Served" basis with the following priorities. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). Applications for Homebuyer Assistance must include: 1. A contract for the purchase of an existing housing unit or one under construction. An "under construction" housing unit shall be defined as having a building permit and pilings/foundation complete and inspected. 2. A lending institution pre-qualification letter for the amount to be financed which may assume up to a $65,000.00 SHIP loan. 7 972 3. An affidavit from the Seller in the event this is a unit under construction, indicating the delivery date of the housing unit (cannot be more than five months from the date of the SHIP approval). Applicants who fail to submit complete applications, who do not meet SHIP threshold requirements or cannot close due to financing or any other reason, may not reapply for SHIP assistance until the following application cycle. g. Sponsor Selection Criteria: N/A h. Additional Information: 1. Buyer(s) must contribute a minimum of one percent (1%) of the sales price as a cash contribution to the purchase. The 1% may be comprised of title insurance, appraisals, inspections and/or closing costs. 2. Property must meet minimum health and safety standards as defined under the U.S Department of Housing and Urban Development's Housing Quality Standards (HQS). Any HQS deficiencies must be corrected prior to or as part of the purchase transaction. In the case of new construction, a Certificate of Occupancy (CO) may be substituted for the HQS inspection. Mortgage loans to public entities, which retain ownership of the land under the terms of a ground lease, shall extend to the improvements. 3. Homes must be financed utilizing funding from a federally insured financial institution subject to the limited exceptions described herein. The County may authorize the following exceptions: 1) non-profits entities that are self-funded;or 2)other financing issued by a non-federally insured financial institution as approved in writing by the SHIP Administrator, or designee, with the condition that the SHIP Mortgage is issued as the first mortgage, with superior priority to any other funding source. 4. When a State or Federal funding source is used, Monroe County SHIP mortgage may be in a junior position to any additional State or Federal funding source. Monroe County SHIP will maintain a superior mortgage position to any other municipality's contribution to the transaction. 5. Monroe County SHIP may subordinate to primary mortgage refinancing pursuant to Monroe County Board of County Commissioner's Resolution No.078-2002,as may be amended from time to time.Consistent with the current Resolution, the following conditions must exist: i) the proposed primary mortgage loan has a rate or other terms that are an improvement in the rate or terms of the existing primary mortgage loan; ii) the amount of the new refinanced mortgage does not exceed the amount of the existing primary mortgage payoff and the closing costs as documented on the ALTA settlement statement; and iii) the sum of the proposed primary mortgage and the existing SHIP mortgage loan does not exceed 105%of the value of the property as reflected on a property appraisal. 6. No assumptions (or assignments) are allowed for existing SHIP Homebuyer Mortgage Loans except as otherwise provided herein (i.e. death of the last surviving homeowner/resident heir ownership). 7. SHARED APPRECIATION PROVISION:All SHIP funds under this strategy are subject to a mortgage that shall contain recapture provisions which provides for shared appreciation between the buyer(s)and the Monroe County SHIP Program. The amount due to Monroe County upon sale or transfer of the property shall be calculated by adding the sum of the principal balance of the SHIP loan plus a percentage of the appreciated value of the Property as determined under the shared appreciation scale below ("Shared Appreciation Scale").The Shared Appreciation Value shall be calculated as the difference between the original purchase price of the Property and the sales price, minus the documented value of any permitted improvements made to the Property. Documented improvements for the Property are those represented on the Monroe County Property Appraiser's website. Housing units constructed utilizing Affordable Housing Building 8 973 Permits or properties subject to Affordable (or Workforce) Housing Deed Restrictions, which restrict the appreciation of the Property's value, shall not be subject to the Shared Appreciation Provision. Shared Appreciation Scale When the SHIP Loan is subject to Shared Appreciation repayment pursuant to this Section, the amount due to Monroe County will include a percentage of the appreciated value as outlined in the following Schedule: Year Sold (within the listed year) Shared Percentage 1st_5th 50% 6th 45 Mtn 40 gtn 35 9tn 30 10t" 25 11t" 20 12t" 15 13t" 10 14t" 5 15th+ 0% 9 974 B. OWNER OCCUPIED REHABILITATION Code 3 a. Summary: Funding assistance for owner occupied housing rehabilitation, with/or without leveraging funds through the Weatherization Assistance Program, and such other grants as may be available. For the purpose of this strategy, the standard for rehabilitation is defined as those improvements necessary for the subject unit to meet the U.S. Department of Housing and Urban Development's Housing Quality Standards (HQS). b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served:Very low, low, moderate, and households up to 140%AMI d. Maximum award: $35,000 e. Terms: 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded note and mortgage 2. Interest Rate: 0% 3. Years in loan term: Twenty(20)years 4. Forgiveness: The loan balance will be forgiven during years ten (10)through twenty (20) at the rate of ten (10) % per year. 5. Forgiven at maturity. 6. Repayment: None due as long as the loan is in good standing. 7. Default: The loan will be due and payable in full upon in the event of, rental, sale or transfer of the property before the maturity date, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption,foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption,the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. f. Eligible applicants will receive assistance on a "First Qualified, First Served" basis according to the below priorities. g. Recipient Selection Criteria: First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). h. Contractor Selection Criteria: Contractors will be selected in a manner consistent with the Monroe County Purchasing Policy Manual. Contractors may be for-profit or not-for-profit entities. The County may also utilize the County's Contractor Library or Contractor Pool, wherein contractors must demonstrate the necessary knowledge, license(s), qualifications, capability of providing the requested deliverables, capacity 10 975 based on other current/active agreements with County, and other criteria listed in the Request For Proposals/Qualifications. These criteria shall be used to score the proposal/qualifications submitted in response to the RFP/RFQ. Monroe County shall award the work to the Contractor that is determined to be most advantageous to the SHIP Program with price and other factors considered. i. Additional Information: 1. All households receiving rehabilitation assistance under this strategy are not eligible for additional SHIP funding for a period of three (3)years from closeout of the final permit issued for rehabilitation work under the grant/loan. 2. Best practice is to wait three (3) days from the date that the SHIP mortgage/note is signed before commencing Rehabilitation Work pursuant to this strategy. 3. SHIP Funds allocated for this strategy may be leveraged with Community Development Block Grant (CDBG), other federal funds, other state funds, or other local funds. 4. Mobile Homes/Manufactured Units may be eligible for assistance under this program. To be eligible mobile homes/manufactured units must meet the following requirements: a. The Mobile Home/Manufactured Unit and the land on which it is located must be owned by the same person; b. The Mobile Home/Manufactured Unit must be affixed to the land with permanent foundation on which it is located; and c. The applicable governmental authority (that issues Building Permits, and when applicable, enforces land use/development regulations) must confirm in writing that the unit has obtained all relevant permits and conforms to applicable land use/development regulations. 5. The home,for which an applicant is receiving SHIP funds, must be homesteaded and owner occupied as their primary residence for a minimum of twelve (12) months prior to application submission. Eligible forms of ownership may be: a. Fee simple title, b. An equivalent form of ownership approved by HUD, or C. Other applicable documents, as determined by the SHIP Administrator or designee. 6. Where the scope of work produces bids greater than the maximum award amount authorized by this strategy,the scope of work will be reduced, and Contractors may re-bid. 11 976 C. OWNER OCCUPIED DISASTER RELIEF I Code 5, 16 a. Summary: Funds will be awarded to owner occupied homeowners and/or displaced individuals to provide immediate disaster relief, repair of existing homes, or purchase assistance required to purchase or replace demolished homes as a result of an emergency or disaster which has been declared by executive order(s) signed by the President of the United States of America or the Governor of the State of Florida. This strategy will only be funded and implemented in the event of a disaster using any funds that have not yet been encumbered or with additional disaster funds allocated by Florida Housing Finance Corporation. SHIP disaster funds may be used for items such as, but not limited to: (a) Purchase of emergency supplies for eligible households to weatherproof. (b) Purchase and/or replacement housing unit. (c) Interim repairs to avoid further damage;tree and debris removal required to make the individual housing unit habitable. (d) Construction of wells or repair of existing wells where public water is not available. (e) Payment of insurance deductibles for rehabilitation of homes covered under homeowners' insurance policies. (f) Security deposit for eligible recipients that have been displaced from their homes due to disaster. (g) Rental assistance for eligible recipients that have been displaced from their homes due to disaster. (h) Any strategy included in the approved LHAP that benefits applicants directly affected by the declared disaster. (i) Other activities as proposed by Monroe County and approved by the Florida Housing Finance Corporation. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served: Very low, low, moderate, and households up to 140%AMI d. Maximum award: $35,000 e. Terms: 1. Repayment loan/deferred loan/grant: Secured by a recorded note and mortgage. Rental assistance will be awarded as a grant. 2. Interest Rate: 0% 3. Years in loan term: Ten (10) 4. Forgiveness:The loan balance will be forgiven during years six(6)through ten (10)at the rate of twenty (20) % per year. 5. Repayment: None due as long as the loan is in good standing. 6. Default: The outstanding loan balance will be due and payable in full upon the rental, sale or transfer of the property, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as the heir can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to the heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption, the party remaining in the home shall be considered in 12 977 compliance with the existing terms and conditions of the SHIP Loan. f. Recipient Selection Criteria: Applications processed on a "First Qualified, First Served" basis. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). g. Contractor Selection Criteria: Contractors will be selected in a manner consistent with the Monroe County Purchasing Policy Manual. Contractors may be for-profit or not-for-profit entities. The County may also utilize the County's Contractor Library or Contractor Pool, wherein contractors must demonstrate the necessary knowledge, license(s), qualifications, capability of providing the requested deliverables, capacity based on other current/active agreements with County, and other criteria listed in the Request For Proposals/Qualifications. These criteria shall be used to score the proposal/qualifications submitted in response to the RFP/RFQ. Monroe County shall award the work to the Contractor that is determined to be most advantageous to the SHIP Program with price and other factors considered h. Additional Information: Eligible costs include all hard and soft costs associated with the rehabilitation of the property. 13 978 D. HOMEOWNER SEWER LATERAL CONNECTION I Code 3 a. Summary: Funding assistance for sewer lateral connections for owner occupied properties, to include condominiums and townhouses. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served: Very low, low, moderate, and households up to 140%AMI d. Maximum award: $8,000 e. Terms: 1. Repayment loan/deferred loan/grant: Secured by a recorded note and mortgage 2. Interest Rate: 0 3. Years in loan term:Ten (10) 4. Forgiveness: Forgiven at maturity 5. Repayment: None due as long as the loan is in good standing. 6. Default: The outstanding balance shall be due and payable upon rental, sale, transfer, or failure to comply with the terms of the SHIP mortgage, loss of homestead exemption,foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to the heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption,the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. f. Recipient Selection Criteria: Applications processed on a "First qualified, First Served" basis. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low- Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). g. Contractor Selection Criteria: Contractors will be selected in a manner consistent with the Monroe County Purchasing Policy Manual. Contractors may be for-profit or not-for-profit entities. The County may also utilize the County's Contractor Library or Contractor Pool, wherein contractors must demonstrate the necessary knowledge, license(s), qualifications, capability of providing the requested deliverables, capacity based on other current/active agreements with County, and other criteria listed in the Request For Proposals/Qualifications. These criteria shall be used to score the proposal/qualifications submitted in response to the RFP/RFQ. Monroe County shall award the work to the Contractor that is determined to be most advantageous to the SHIP Program with price and other factors considered h. Additional Information: 1. Best practice is to wait three (3) days from the date that the SHIP mortgage/note is signed before commencing Sewer Lateral Work pursuant to this strategy. 14 979 2. SHIP Funds allocated for this strategy may be leveraged with Community Development Block Grant (CDBG), other federal funds, other state funds, or other local funds. 3. Mobile Homes/Manufactured Units may be eligible for assistance under this program. To be eligible mobile homes/manufactured units must meet the following requirements: a. The Mobile Home/Manufactured Unit and the land on which it is located must be owned by the same person; b. The Mobile Home/Manufactured Unit must be affixed to the land with permanent foundation on which it is located; and c. The applicable governmental authority (that issues Building Permits, and when applicable, enforces land use/development regulations) must confirm in writing that the unit has obtained all relevant permits and conforms to applicable land use/development regulations. 15 980 E. AFFORDABLE RENTAL CONSTRUCTION/REHABILITATION I Code 14, 21 a. Summary: Funds provided for the construction or rehabilitation of affordable rental housing units. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served:Very low, low, moderate, and households up to 140%AMI d. Maximum award: $40,000 per unit e. Terms: 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded promissory note, mortgage, SHIP Developer Agreement, and Land Use Restriction Agreement(LURA). 2. Interest Rate: 0%- Non-Profit; 3%-For Profit 3. Years in loan term: Fifteen (15) 4. Forgiveness: Not-for-Profit entities, full loan amount forgiven at maturity. For-Profit entities, full loan amount due at maturity. 5. Repayment: None due as long as the loan is in good standing. 6. Default: Due and payable in full upon sale or transfer of the property or failure to comply with the terms of the SHIP Agreements, as detailed herein, or Land Use Restriction Agreement (LURA). SHIP set aside units assisted under this strategy must maintain rents that do not exceed the rent maximums published annually by the Florida Housing Finance Corporation. SHIP recipients that offer rental housing for sale within fifteen (15) years of the SHIP award must give a right of first refusal to eligible non-profit organizations for purchase at the current market value for continued occupancy by eligible persons. f. Recipient/Tenant Selection Criteria: Eligible residents will be selected on a "First Qualified, First Served" basis. Depending on the unique features/nuances of each individual project funded under this strategy, Monroe County SHIP's overarching goal is to provide availability of rental units as a first priority to eligible applicants who meet both the definitions of Special Needs (Section 420.0004(13), Fla. Stat.) and Very Low- Income; then as a second priority to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income; then as a third priority to eligible applicants that meet the definition of Essential Service Personnel, as defined herein;then as a fourth priority to applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). g. Sponsor/Developer Selection Criteria: An eligible Sponsor/Developer is defined as a for profit, non-profit, or government entity that applies for an award through the Request for Proposal process as set forth in the Monroe County's Purchasing Policy Manual. The eligible sponsor/developer must demonstrate the necessary capacity, knowledge, and experience to effectively provide the services and project delivery required under this strategy. Scoring criteria will be as set forth in the Request for Proposal(s), and will include, but not be limited to: demonstrating knowledge/experience on how to conduct the State Housing Initiatives Partnership income certification process and capability to monitor/maintain the intended occupancies for the length of the award (at minimum); utilize innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities, or insurance; SHIP funding request per unit, overall number of units to be reserved or used for affordable rentals, longest period of affordability, and geographic location of the site to provide new availability/offerings to underserved areas of affordability housing within the County, etc.Additional points will be established in the selection process for the Eligible Sponsor/Developer that proposes to serve the 16 981 below populations (as prioritized) for construction/rehab of units restricted for use by Special Needs recipients/applicants,and then followed by Very Low Income recipients/applications, and then followed by eligible applicants that meet the definition of Essential Service Personnel, as defined herein, and followed by Low Income recipients/applications, and last for the preservation of currently Assisted Housing Units.At the discretion of the SHIP Administrator, separate RFPs may be solicited pursuant to this strategy on a rotating basis; one for new construction and another for rehabilitation of existing affordable rental units in order to address the unique features of each type of project. h. Additional Information: All entities funded under this strategy will be required to execute and record a SHIP Developer Agreement and a Land Use Restriction Agreement (LURA) that ensures a minimum affordability period of fifteen (15)years. 17 982 F. AFFORDABLE RENTAL DISASTER REHABILITATION RELIEF I Code 16 a. Summary: Funds will be provided for the rehabilitation of affordable rental units affected by a disaster as declared by executive order signed by the President or Governor. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served:Very low, low, moderate, and households up to 140%AMI d. Maximum award: $35,000 per unit e. Terms : 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded note, mortgage, and SHIP Developer Agreement and Land Use Regulations Agreement. 2. Interest Rate: 0 3. Years in loan term: Fifteen (15) 4. Forgiveness: The loan balance will be forgiven at maturity. 5. Repayment: None due if the loan is in good standing. 6. Default: Principal and interest shall be due upon the sale or transfer of the property. If during the affordability period the property is sold or transferred to an eligible nonprofit organization approved by the County that agrees to execute all SHIP loan documents for the affordability period originally specified, no payment is due on the loan. f. Recipient/Tenant Selection Criteria:Tenants will be processed on a "First Qualified, First Served" basis. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004(13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004(13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income. g. Sponsor/Developer Selection Criteria: Sponsors/Developers will be selected pursuant to the processes outlined within the Monroe County Purchasing Policy Manual for emergencies. Priority among Sponsor/Developers qualifying under this strategy will be assigned based on the below populations residing in the units affected by the disaster, in the following order: 1) Special Needs recipients/applicants, 2)Very Low Income recipients/applications, 3) eligible applicants that meet the definition of Essential Service Personnel, as defined herein, and 4)eligible recipients/applicants that do not fall into the above categories and who have been determined to be income eligible for program assistance prioritized based on their income (lower is higher in priority). h. Additional Information: Eligible costs include all hard and soft costs associated with the rehabilitation of the property. 18 983 III. LHAP Incentive Strategies In addition to the required Incentive Strategy A and Strategy B, include all adopted incentives with the policies and procedures used for implementation as provided in Section 420.9076, F.S.: A. Name of the Strategy: Expedited Permitting Permits as defined in s. 163.3177(6)(f)(3)for affordable housing projects are expedited to a greater degree than other projects. Established policy and procedures: The Monroe County Year 2030 Comprehensive Plan and Land Development Code and Code of Ordinances establish procedures for expediting the development of affordable housing projects. Provide a description of the procedures used to implement this strategy:Affordable housing permit applications are not required to go through the competitive ROGO (Rate of Growth Ordinance) process. Additionally, any development order or development permit for affordable housing receives priority in processing and review of applications and permits, per Section 9-2(b) of the Monroe County Code. Responsible Agency: Monroe County Building Department and Planning & Environmental Resources Department B. Name of the Strategy: Ongoing Review Process An ongoing process for review of local policies, ordinances, regulations and plan provisions that increase the cost of housing prior to their adoption. Established policy and procedures: 1. Section 9-3 of the Monroe County Code states:All ordinances, policies, resolutions, regulations, and comprehensive plan provisions (regulations) that may affect the cost of housing including those regarding infrastructure, permitting, impact fees, or development process and approvals shall be reviewed by the growth management director, the planning director, the building official and the finance or budget director. The assessment shall evaluate whether the new regulation does, in fact,affect the cost of housing including affordable housing.Such evaluation shall be addressed in the staff report to the board of county commissioners. Responsible Agency: Monroe County Planning& Environmental Resources and Monroe County Building Department 2. The County allows applicants to apply to the Board of County Commissioners to waive building permit application fees for affordable housing (Section 6-108(e), Monroe County Code). Responsible Agency: Monroe County Building Department 3. The adopted Fee Resolution for the Planning& Environmental Resources Department provides that there shall be no application or other fees, except advertising and noticing fees, for affordable housing projects, except that all applicable fees shall be charged for applications for all development approvals required for any development under Sec. 139-2(b) (Transfer of ROGO Exemptions from Mobile Home Parks) and for applications for variances to setback, 19 984 landscaping and/or off-street parking regulations associated with an affordable housing development. Responsible Agency: The Monroe County Planning and Environmental Resources Department and Monroe County Building Department Other Incentive Strategies Adopted: C. Name of Strategy: Modification of Impact Fee Requirements Established policy and procedure:The County waives impact fees for all affordable housing permits, pursuant to Comprehensive Plan Policy 601.1.12, Section 139-1(b)(4) and Chapter 126 of the Land Development Code. Monroe County Comprehensive Plan Policy 601.1.12: Monroe County shall annually monitor the eligibility of the occupants of housing units which have received special benefits, including but not limited to those issued under the affordable housing provisions specified in the Land Development Code or those issued through the Permit Allocation System. If occupants no longer meet the eligibility criteria specified in the Plan and in the Land Development Code, and their eligibility period has not expired, then Monroe County may take any one or a combination of the following actions: 1. require the payment of impact fees, if they were waived; 2. proceed with remedial actions through the Department of Code Compliance, as a violation of the Monroe County Code; 3. take civil court action as authorized by statute, common law, or via agreement between an applicant and the County; and/or 4. require the sale or rental of the unit(s) to eligible occupants. Monroe County Code Chapter 126 — Impact Fees, Section 126-4(h)(6): Type of Development Not Affected. ... (6) Affordable or employee housing units (as defined in section 101-1) for which a deferred payment of impact fees has been recorded in the chain of title. Monroe County Code Section 139-1 Affordable and employee housing; administration: 139-1(b)(4) The requirements of this Land Development Code for the provision of impact fees shall be waived for affordable and employee housing and any market rate housing developed in accordance with subsection (b)(8) of this section. Responsible Agency: Monroe County Building Department and Planning & Environmental Resources Department D. Name of Strategy: Flexibility in Densities for Affordable Housing Established policy and procedures: 1) Pursuant to Sections 130-157 and 139-1(b)(1) of the Land Development Code, the following density bonuses are allowed for affordable and employee housing: a Maximum Net Density of 25 dwelling units per buildable acre for land within an Urban Residential (UR) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Mixed Use (MU) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Suburban Commercial (SC) land use district;and a Maximum Net Density of 12 dwelling units per buildable acre for land within an Urban Commercial (UC) land use district. 20 985 Responsible Agency: Monroe County Planning & Environmental Resources Department 2) Pursuant to Section 139-1(b)(2) of the Land Development Code, the maximum net residential density allowed per district and by this section shall not require Transferable Development Rights (TDR) for affordable and employee housing and market rate housing developed in accordance with subsection (b)(8) of this section. This allows a higher density for affordable and employee housing without the transfer and retirement of additional density. 3) Pursuant to Section 139-1(b)(5),the County allows the construction of affordable housing units on nonresidential sites, including hotel/motel density development, without deducting from the commercial floor area allowed when calculating density, any existing lawfully established or proposed affordable or employee housing on a parcel and the floor area thereof shall be excluded from the calculation of the total gross nonresidential floor area). Providing a 'density bonus' for the development of affordable or employee housing on the site with the nonresidential use. Responsible Agency: Monroe County Planning & Environmental Resources Department E. Name of Strategy: Reservation of Infrastructure Capacity for Affordable Housing Established policy and procedure: Monroe County prepares an annual Public Facilities Capacity Report. This Report indicates that there is sufficient infrastructure capacity to accommodate the needs of County residents. Responsible Agency: Monroe County Planning & Environmental Resources Department F. Name of Strategy: Allowance of Affordable Accessory Residential Units in Residential Zoning Districts Established policy and procedure: Additions and accessory bedrooms may be permitted on developed parcels as an accessory use/structure. The accessory use/structure must be consistent with existing density and Rate of Growth Ordinance(ROGO) requirements specified within the Land Development Code and the Monroe County Comprehensive Plan.Accessory uses/structures do not include second dwelling units, guest houses, lockouts or any other potentially habitable structures that are occupied by a separate and independent resident/household. Responsible Agency: Monroe County Planning & Environmental Resources Department G. Name of Strategy: Reduction of parking and setback requirements for affordable housing Established policy and procedure: Pursuant to Sections 102-186 and 102-187, off-street parking requirements may be granted variances if the requisite criteria can be met. Pursuant to Section 131-3(c), any required off-street parking spaces may be located on an accessory driveway within the front yard setback on a parcel developed exclusively with a residential use, provided it does not occupy more than 60 percent of the required front yard setback area and any vehicle utilizing such an off-street parking space shall be properly licensed and operable. Responsible Agency: Monroe County Planning & Environmental Resources Department 21 986 H. Name of Strategy:Allowance of Flexible Lot Configurations Established policy and procedure: Monroe County allows flexible lot configurations to the extent setback and buffer yard requirements are met. Pursuant to Sections 102-186 and 102-187, variances to setback and buffer yard requirements may be granted if the requisite criteria can be met. Pursuant to Sections 110-110 and 110-111 of the Land Development Code, there is a process to request a lot line adjustment for lots in a duly recorded lot as shown on a plat approved by the County. The resulting lots configured in the lot line adjustment process must meet the minimum requirements for a building site pursuant to the Land Development Code and Comprehensive Plan. All resulting lots will conform to the site development standards of the applicable zoning district. Responsible Agency: Monroe County Planning & Environmental Resources Department I. Name of Strategy: Modification of Street Requirements Established policy and procedure: Monroe County allows internal street configurations that meet life safety criteria. Responsible Agency: Monroe County Planning & Environmental Resources Department & Engineering Department J. Name of Strategy: Inventory of County Owned Property Suitable for Affordable Housing Established policy and procedures: Pursuant to Section 125.379, Florida Statutes, the County has prepared and will continue to provide an inventory of possible sites suitable for affordable housing. (Comprehensive Plan Policy 601.1.3) On April 21,2021,the Monroe County BOCC reviewed the updated inventory of County owned sites which may be appropriate for use as affordable housing. The inventory includes two developed parcels and two vacant parcels.The two developed parcels were also included in the 2015 approved inventory. The two vacant parcels were deeded to Habitat for Humanity in June 2022 for the development of affordable housing. Responsible Agency:The Clerk of Court has the list of properties approved by the Board of County Commissioners in Resolution 167-2021. Monroe County Planning & Environmental Resources Department. K. Name of Strategy: Support development near transportation hubs and major employment centers and mixed-use developments Established policy and procedures: 1) Pursuant to Sections 130-157 and 130-139(b)(1) of the Land Development Code, the following density bonuses are allowed for affordable and employee housing within zoning districts that allow commercial and mixed use development: a Maximum Net Density of 18 dwelling units per buildable acre for land within a Mixed Use (MU) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Suburban Commercial (SC) land use district; and a Maximum Net Density of 12 dwelling units per buildable acre for land within an Urban Commercial (UC) land use district. 22 987 Responsible Agency: Monroe County Planning & Environmental Resources Department 2) Livable CommuniKeys Plans (LCP) have been adopted by the Board of County Commissioners for Key Largo, Tavernier, Big Pine Key and No Name Key, Stock Island, and the Lower Keys. These LCPs identify activity centers that encourage the development of affordable housing near identified mixed use and employment centers. Proposed amendments to the Land Development Code also incorporate these areas as community center zoning overlay districts. Responsible Agency: Monroe County Planning & Environmental Resources Department 3) Policy 601.1.5 of the Monroe County Comprehensive Plan states: If Monroe County funding, or if County-donated land is to be used for any affordable housing project, alternative sites shall be assessed according to the following guidelines: 4. Proximity to employment and retail centers. Sites within five miles of employment and retail centers shall be preferred. [9J-5.010(3)(c)(5)] Responsible Agency: Monroe County Planning & Environmental Resources Department 4) Pursuant to Section 114-15 of the Land Development Code, nonresidential and multi-family uses generating over two thousand (2,000) trips per day shall be developed to encourage mass transit, by including features such as:transit facilities, including covered bus shelters, pedestrian/bicycle paths, bicycle racks, carpool facilities, adequate turning radii for large vehicles, and pedestrian access to adjacent nonresidential and multi-family uses. Responsible Agency: Monroe County Planning & Environmental Resources Department L. Name of Strategy: Inclusionary Housing Residential Established policy and procedure: Per Section 139-1(e)(2) of the Land Development Code: a. Residential developments, other than mobile home or mobile home spaces covered by subsection (e)(2)b. of this section, that result in the development or redevelopment of three (3) or more dwelling units on a parcel or contiguous parcels shall be required to develop or redevelop at least 30 percent of the residential units as affordable housing units. Residential development or redevelopment of three (3) units on a parcel or contiguous parcels shall require that one (1) developed or redeveloped unit be an affordable housing unit. For the purpose of this section, and notwithstanding subsection (e)(2)b. of this section, any dwelling unit exceeding the number of lawfully established dwelling units on site, which are created by either a THE or ROGO allocation award, shall be considered developed units. b. The removal and replacement with other types of dwelling units of ten (10) or more mobile homes that are located on a parcel or contiguous parcels and/or the conversion of mobile home spaces located on a parcel or contiguous parcels into a use other than mobile homes shall be required to include in the development or redevelopment a number of affordable housing units equal to at least 30 percent of the number of existing units being removed and replaced or converted from mobile home use or, in the event the new use is nonresidential, to develop affordable housing units at least equal in 23 988 number to 30 percent of the number of mobile homes or mobile home spaces being converted to other than mobile home use. Removal and replacement or conversion to a different use of ten (10) mobile homes or mobile home spaces on a parcel or contiguous parcels shall require that three (3) units be replaced or converted to deed-restricted affordable housing. c. In calculating the number of affordable housing units required for a particular project, or phase of a project, all dwelling units proposed for development or redevelopment or mobile homes or mobile home spaces to be converted from mobile home use shall be counted. In phased projects, the affordable housing requirements shall be proportionally allocated among the phases. If a subsequent development or redevelopment is proposed following a prior development approved on the same property as it existed as of the effective date of the ordinance (ORD 030-2003, 017-2006, 011-2008 and 006-2016)from which this section is derived, which prior development did not meet the compliance thresholds set forth in subsection (e)(2)a. or (d)(2)b. of this section, the requirements of subsection (e)(2)a. or (e)(2)b. of this section shall be met as part of the subsequent development for all units proposed for development or redevelopment. Nonresidential and Transient Ordinance 001-2021 was adopted by the Monroe County BOCC on February 17, 2021, which created an inclusionary housing requirement to address nonresidential and transient development to ensure that affordable housing is provided to the local workforce by employee generating development proportionate with the need for affordable workforce housing it creates. The established policy and procedure is set forth in Section 139-1(f)of the Land Development Code. The intent of the section is to ensure that there is an affordable supply of housing for the local workforce. This will be accomplished by requiring workforce housing be provided for all new development and redevelopment in an amount proportionate to the need for affordable workforce housing that the nonresidential and transient use development or redevelopment creates. The intent of this subsection is to permit nonresidential and transient use owners to continue to establish uses consistent with the current building and safety standards and to ensure that as development and redevelopment occurs, comprehensive plan policies regarding affordable housing are implemented. The technical support and analysis upon which the nonresidential inclusionary housing requirements are established are based upon the`Affordable Workforce Housing Support Study for Non-Residential Development/ prepared by Clarion Associates, LLC, prepared in June 2017. Responsible Agency: Monroe County Planning & Environmental Resources Department Recommendation: Monroe County shall maintain land development regulations on inclusionary housing. M. Name of Strategy: Mobile Home Park Incentive Program Established policy and procedure: Section 139-2(b) of the Land Development Code establishes incentives for affordable housing development by allowing the transfer of market rate ROGO exemptions within the ROGO subarea from mobile home parks in exchange for maintaining an equal or greater number of deed-restricted affordable dwelling units within Monroe County. 24 989 This program provides an eligible sender site owner the opportunity to transfer market rate ROGO exemptions currently associated with existing and lawfully established dwelling units from eligible sender sites to receiver site(s) within Monroe County, provided that it involves the pooling of affordable dwelling unit rights for redevelopment at donated, purchased or otherwise appropriately deed-restricted sites, and transfer of ROGO exemptions or allocations for the purpose of implementing and facilitating one or more affordable housing projects. Responsible Agency: Monroe County Planning & Environmental Resources Department N. Name of Strategy: Employee Housing, Commercial Apartments, and Workforce Housing as Permitted Uses Established policy and procedure: The Monroe County Land Development Code currently permits "Employee Housing" and/or"Commercial Apartments" in several Land Use(Zoning) Districts where residential units are not otherwise permitted. Per Section 101-1 of the code: Employee housing means an attached or detached dwelling unit that is intended to serve as affordable, permanent housing for working households, which derive at least 70 percent of their household income from gainful employment in the county and meet the requirements for affordable housing as defined in this section and as per section 130-161. Commercial apartment means an attached or detached residential dwelling unit located on the same parcel of land as a nonresidential use that is intended to serve as permanent housing for the owner or employees of that nonresidential use.The term does not include a tourist housing use or vacation rental use. Ordinance 001-2021 was adopted by the Monroe County BOCC on February 17, 2021, which created a definition for "workforce" and "workforce housing" as a part of a larger ordinance to create an inclusionary housing requirement to address nonresidential and transient development. The new Workforce housing use is interchangeable with the terms detached or attached dwellings, employee housing or commercial apartments included in the land use districts and shall be a permitted use in all land use districts where detached dwelling, attached dwellings, employee housing or commercial apartments are included as a current permitted use.The adopted definitions are consistent with the recommendation from the AHAC specified in Resolution 01-2016. Established definitions in LDC Section 101-1: Workforce means individuals or families who are gainfully employed supplying goods and/or services to Monroe County residents or visitors. Workforce Housing means dwelling units for those who derive at least 70% of their income as members of the Workforce in Monroe County and who meet the affordable housing income categories of the Monroe County Code.Workforce housing shall be interchangeable with the terms detached or attached dwellings, employee housing or commercial apartments included in the land use districts and shall be a permitted use in all land use districts where detached dwelling,attached dwellings, employee housing or commercial apartments are included as a current permitted use. An applicant choosing to develop workforce housing is subject to the requirements of Chapter 139 and all other requirements included in the land development code, including but not limited to, density, parking, bufferyards, access, etc. 25 990 Responsible Agency: Monroe County Planning & Environmental Resources Department O. Name of Strategy: Purchase and Lease Back Program Established policy and procedure: The County has a purchase and lease-back program for affordable housing. Additionally,the County has actively participated in the federal and state grant opportunities made available after Hurricane Irma to acquire and redevelop mobile parks as workforce housing. The County has applied for a Community Development Block Grant-Disaster Recovery(CDBG-DR)grant to fund the property's purchase price and development costs. Responsible Agencies: Monroe County Land Development Authority; Monroe County Housing Authority and Monroe County Attorney's Office. Required A. Administrative Budget for each fiscal year covered in the Plan. Attached hereto as "Exhibit A." B. Timeline for Estimated Encumbrance and Expenditure. Attached hereto as "Exhibit B." C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the plan. Attached hereto as "Exhibit C." D. Signed LHAP Certification. Attached hereto as "Exhibit D." E. Signed, dated, witnessed or attested adopting resolution. Attached hereto as "Exhibit E." Optional F. Ordinance: (If changed from the original creating ordinance). N/A G. Interlocal Agreement (Required if applicable). N/A H. Other Documents Incorporated by Reference. N/A 26 991 Exhibit A ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR Exhibit A(2025) MONROE COUNTY, FLORIDA Fiscal Year: 2025-2026 Estimated SHIP Funds for Fiscal Year: $ 663,805.00 Salaries and Benefits $ 61,900.00 Office Supplies and Equipment $ 3,000.00 Travel Per them Workshops, etc. Advertising 1,450.001 Other* Total 66,350.00 ............................ Admin % 10.00% Fiscal Year 2026-2027 Estimated SHIP Funds for Fiscal Year: $ 663,805.00 ............... ............... Salaries and Benefits 61,900.00 Office Supplies and Equipment $ 3,000.00 IF ........................ ...... Travel er them Workshops, etc. $ Advertising $ 1,450.00 Other* Total 66,350.00 Admin % 10.00%1 Fiscal Year 2027-2028 Estimated SHIP Funds for Fiscal Year: $ 663,805.00 ............... ............... Salaries and Benefits $ 61,900.001 Office Supplies and Eq $ 3,000.00 Travel Per them Workshops, etc. Advertising $ 1,450.00 Other* $ Total $ 66,350.001 Admin % 10.00%1 ................................................................................................................................................. *All "other" items need to be detailed here and are subject to review and approval by the SHIP review committee. Project Delivery Costs that are outside of administrative costs are not to be included here, but must be detailed in the LHAP main document. PAGE 27 992 FY 2025-2028 Exhibit B Timeline for SHIP Expenditures MONROE COUNTY, FLORIDA affirms that funds allocated for these fiscal years will (local government) meet the following deadlines: .................................................................................... Fiscal Year Encumbered Expended Closeout Report ..................................................................................................................................................................................................................................................................................................................................................................................................................................... 2025-2026 6/30/2027 6/30/2028 9/15/2028 ...................................................................................................................................................................................................................................................................................................................................................................................................................................... 2026-2027 6/30/2028 6/30/2029 9/15/2029 ...................................................................................................................................................................................................................................................................................................................................................................................................................................... 2027-2028 6/30/2029 1 6/30/2030 1 ��15/2030 ..................................................................................................................................................................................................I........................................................................................................ ...............:......................................................... If funds allocated for these fiscal years is not anticipated to meet expenditure deadlines, Florida Housing Finance Corporation should be notified according to the following dates: ­­­­, ­­­--——------------ .......................................................... Fiscal Year Funds Not oseout AR Expended Not Submitted ............................................................. ..................................................... ............................................................... 2025-2026 3/30/2028 6/15/2028 ....................................................................................................... .................................................................................................................................................................................................................. 2026-2027 3/30/2029 6/15/2029 2027. - ......................................................2028.......................................................................3/30/2030.........................................................................................................6/15/2030..................................................................................... Requests for Expenditure Extensions(close-out year ONLY) must be emailed to i o b..e i.t d e a i.rv4 u ffefj2!rvii 4 a .!m.. i I.i.-ous'. .. g.and include: ...................... 1. A statement that"(city/county) requests an extension to the expenditure deadline for fiscal year 2. The amount of funds that is not expended. 3. The amount of funds that is not encumbered or has been recaptured. 4. A detailed plan/timeline of how/when the money will be expended. Note:an extension to the expenditure deadline(June 30)does not relieve the requirement to submit (September 15)the annual report online detailing all fun ds that have been expended. Other Key Deadlines: A C reports are now due annually by December 31. Local governments receiving the minimum(or less) allocation may choose not to report. AR financial statements are due each June 30 for the report ending September 30 of the previous year. 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CL ot o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 •� o�° o 0 0 ® ® ® ® ® o � ® ® ® ® o 0 0�' a vo vs as v> v® as as vo u o v® as as vs vo a o 3 � z z $ o Iytili �{ r* ry YYma i i ® c n i I/, M u co ® j _________ Z eV %�� _.a .ato LD LA o 6 Y eY ch e•; m Y% CM1 4':'k Do aAMi y�g BB® e!b V?3 Vb I � W W ® e+ c Yw Yw E E 2 .06 WI ® 3 ® E E a a u ® w E z a m 'E w ® E a u ® E E a u E E 3 Exhibit D 67-37.005(1), F.A.C. 2025 CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Local Government or Interlocal Entity: MONROECOUNTY Certifies that: (1) The availability of SHIP funds will be advertised pursuant to program requirements in 420.907- 420,9079, Florida Statutes. (2) All SHIP funds will be expended in a manner which will ensure that there will be no discrimination on the basis of race, color, national origin, sex, handicap, familial status, or religion. (3) A process to determine eligibility and for selection of recipients for funds has been developed. (4) Recipients of funds will be required to contractually commit to program guidelines and loan terms. (5) Florida Housing will be notified promptly if the local government/interlocal entity will be unable to comply with any provision of the local housing assistance plan (LHAP). (6) The LHAP provides a plan for the encumbrance of funds within twelve months of the end of the State fiscal year in which they are received and a plan for the expenditure of SHIP funds including allocation, program income and recaptured funds within 24 months following the end of the State fiscal year in which they are received. (7) The LHAP conforms to the Local Government Comprehensive Plan, or that an amendment to the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the LHAP. (8) Amendments to the approved LHAP shall be provided to Florida Housing for review and/or approval within 21 days after adoption. (9) The trust fund exists with a qualified depository for all SHIP funds as well as program income or recaptured funds. (10) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. PAGE 32 997 Exhibit D 67-37.005(1), F.A.C. 2025 (11) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements (ACFR). An electronic copy of the ACFR or a hyperlink shall be provided to Florida Housing by June 30 of the applicable year. (12) Evidence of compliance with the Florida Single Audit Act, as referenced in Section 215.97, F.S. shall be provided to Florida Housing by June 30 of the applicable year. (13) SHIP funds will not be pledged for debt service on bonds. (14) Developers receiving assistance from both SHIP and the Low-Income Housing Tax Credit (LIHTC) Program shall comply with the income, affordability and other LIHTC requirements, similarly, any units receiving assistance from other federal programs shall comply with all Federal and SHIP program requirements. (15) Loans shall be provided for periods not exceeding 30 years, except for deferred payment loans or loans that extend beyond 30 years which continue to serve eligible persons. (16) Rental Units constructed or rehabilitated with SHIP funds shall be monitored for compliance with tenant income requirements and affordability requirements or as required in Section 420.9075 (3)(e). To the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. (17) The LHAP meets the requirements of Section 420.907-9079 FS, and Rule Chapter 67-37 FA . (18) The provisions of Chapter 83-220, Laws of Florida have not been implemented (except for Miami-Dade County). Witness Chief Elected Official or designee ------------------I--____--------- ---------------------------------------------- -------- ---------------------------------------------------------- Witness Type Name and Title Date OR Attest: (Seal) PAGE 33 2 998 ww h+ _ h M Nm MONROE COUNTY, FLORIDA MONROE COUNTY STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) 2025-2026,2026-2027,2027-2028 1 999 Table of Contents Description Page# Section I, Program Details 3 Section II, Housing Strategies 7 A. HOMEBUYER ASSISTANCE 7 B. OWNER OCCUPIED REHABILITATION 10 C. OWNER OCCUPIED DISASTER RELIEF 12 D. HOMEOWNER SEWER LATERAL CONNECTION 14 E. AFFORDABLE RENTAL CONSTRUCTION/REHABILITATION 16 F.AFFORDABLE RENTAL DISASTER REHABILITATION RELIEF 18 Section III, Incentive Strategies 19-26 A. Expedited Permitting B. Ongoing Review Process Other Ongoing Incentive Strategies (subparagraphs C. -O.) Exhibits A. Administrative Budget for each fiscal year covered in the Plan B. Timeline for Estimated Encumbrance and Expenditure C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the Plan D. Signed LHAP Certification E. Signed, dated, witnessed or attested adopting resolution F. Ordinance: unchanged (N/A) G. Interlocal Agreement (N/A) 2 1000 Section I. Program Details: A. LG(s) Name of Local Government MONROE COUNTY,FLORIDA Does this LHAP contain an interlocal agreement? NO If yes, name of other local government(s) N/A B. Purpose of the program: • Serve the residents residing within Monroe County, Florida; • To meet the housing needs of the very low, low, moderate, and households up to 140% of AMI income households; • To expand production of and preserve affordable housing; and • To further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: 2025-2026, 2026-2027, 2027-2028 D. Governance:The SHIP Program is established in accordance with Section 420.907-9079, Florida Statutes and Chapter 67-37, Florida Administrative Code. Cities and Counties must be in compliance with these applicable statutes, rules and any additional requirements as established through the Legislative process. E. Local Housing Partnership:The SHIP Program encourages building active partnerships between government, lending institutions, builders and developers, not-for-profit and community-based housing providers and service organizations, providers of professional services related to affordable housing, advocates for low- income persons, real estate professionals, persons or entities that can provide housing or support services and lead agencies of the local continuums of care. F. Leveraging:The Plan is intended to increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. SHIP funds may be leveraged with or used to supplement other Florida Housing Finance Corporation programs and to provide local match to obtain federal housing grants or programs. G. Public Input: Public input was solicited through face-to-face meetings with housing providers, social service providers and local lenders and neighborhood associations. Public input was solicited through the local newspaper in the advertising of the Local Housing Assistance Plan and the Notice of Funding Availability. H. Advertising and Outreach: SHIP funding availability shall be advertised in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding availability is required. I. Waiting List/Priorities:A waiting list will be established when there are eligible applicants for strategies that no longer have funding available. Those households on the waiting list will be notified of their status. Applicants will be maintained in an order that is consistent with the time completed applications were submitted as well as any established funding priorities as described in this plan. The following priorities for funding (very low income, Special Needs, etc.) described/listed here apply to all strategies unless otherwise stated in an individual strategy in Section II: 3 1001 First priority for funding in all strategies will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding in all strategies will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding in all strategies will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. J. Discrimination: In accordance with the provisions of ss.760.20-760.37, it is unlawful to discriminate on the basis of race, color, religion, sex, national origin, age, handicap, or marital status in the award application process for eligible housing. K. Support Services and Homeownership Counseling: Support services and homeownership counseling are available from various sources including in-person and online opportunities. The County recommends seeking such services through a HUD-approved agency, if warranted and/or needed. Available support services may include but are not limited to: Homeownership Counseling (Pre and Post Purchase), Credit Counseling, Tenant Counseling, Foreclosure Counseling and Transportation. The County recommends and encourages these services and counseling courses. In order to be eligible for funding, at least one (1) hour of a County-approved education and/or counseling session must be completed. L. Purchase Price Limits: The sales price or value of new or existing eligible housing may not exceed 90% of the average area purchase price in the statistical area in which the eligible housing is located. Such average area purchase price may be that calculated for any 12-month period beginning not earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and existing units, which can be lower but may not exceed 90%of the average area purchase price established by the U.S.Treasury Department or as described above. The methodology used is: U.S.Treasury Department x Local HFA Numbers M. Income Limits,Rent Limits and Affordability:The Income and Rent Limits used in the SHIP Program are updated annually by the Department of Housing and Urban Development and posted at www.floridahousing.org. "Affordable"means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections 420.9071, F.S. However, it is not the intent to limit an individual household's ability to devote more than 30% of its income for housing, and housing for which a household devotes more than 30% of its income shall be deemed Affordable if the first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30%benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. N. Welfare Transition Program: Should an eligible sponsor be used, a qualification system and selection criteria for applications for Awards to eligible sponsors shall be developed, which includes a description that demonstrates how eligible sponsors that employ personnel from the Welfare Transition Program will be given preference in the selection process. O. Monitoring and First Right of Refusal: In the case of rental housing, the staff and any entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. However, any loan or grant in the original amount of 4 1002 $10,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored annually for no less than 15 years or the term of assistance whichever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before 15 years or that have remaining mortgages funded under this program must give a first right of refusal to eligible nonprofit organizations for purchase at the current market value for continued occupancy by eligible persons. P. Administrative Budget: A line-item budget is attached as Exhibit A. The county finds that the moneys deposited in the local housing assistance trust fund are necessary to administer and implement the local housing assistance plan. Section 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code, states: "A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan." Section 420.9075 Florida Statute and Chapter 67-37,Florida Administrative Code,further states:'The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(19), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs." The applicable local jurisdiction has adopted the above findings in the resolution attached as Exhibit E. Q. Program Administration: Administration of the local housing assistance plan will be performed by: Entity Duties Admin. Fee Percentage Local Government Monroe County Social Services Department 10% Third Party Entity/Sub- N/A recipient R. First-time Homebuyer Definition: For any strategies designed for first-time homebuyers, the following definition will apply: An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers). A single parent who has only owned a home with a former spouse while married.An individual who is a displaced homemaker and has only owned with a spouse.An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure. S. Project Delivery Costs(PDQ Project Delivery Costs will be allowed on disaster recovery only with a cap of 5%. The PDC will be for inspections performed by non-county employees. T. Essential Service Personnel Definition(ESP): ESP includes teachers, educators,other school district personnel, community college and university employees, police, fire, and emergency medical services, and paramedic personnel, health care personnel, government personnel, active military servicemember, military veteran, service industry personnel, and skilled building trades personnel. U. Describe efforts to incorporate Green Building and Energy Saving products and processes: Consideration will be given to those sponsors who demonstrate innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance, rehabilitation of existing homes to greatly reduce the carbon footprint of building new homes; installation of 5 1003 storm shutters and high impact windows and doors; installation of new energy saving rated appliances; etc. V. Describe efforts to meet the 20%Special Needs set-aside:The Monroe County SHIP office in conjunction with Monroe County Social Services, utilize their existing applicant list in addition to continuous advertising on the Monroe County website for ongoing homebuyer assistance and homeowner rehabilitation assistance funding countywide. W. Describe efforts to reduce homelessness:The SHIP program provides owner occupied rehabilitation assistance to the extremely low,very-low, low, and moderate income recipients/applications of Monroe County reducing the risk of those homeowners becoming homeless. X. Exemption to Statutory Set-Asides: Under Senate Bill 1456 enacted on May 31, 2024, Monroe County, a designated area of state critical concern, is exempt from the income set-asides set forth in Section 420.9075 (5), Fla. Stat.This exemption sunsets on June 30, 2029. Y. Settlement/Write-off in the Event of Foreclosure:The SHIP Administrator, or designee, has the discretion to recommend settlement of a SHIP mortgage lien in a pending foreclosure case, where the SHIP mortgage lien is junior to the foreclosing party's lien.The Monroe County SHIP program does not prohibit the County from voluntarily reducing the SHIP mortgage lien to settle the pending legal matter.The reduced payment will be reported as part of the Program Income (event type: foreclosure)for loan repayment for that close-out year. Z. Modular Homes: Modular homes are built in a factory and built to the Florida Building Code. Modular Homes built to the current Florida Building Code are eligible for SHIP assistance.To receive SHIP assistance modular home must be affixed upon permanent foundation.The recipient must own both the home and the land upon which the mobile/manufactured home is affixed. AA.Mobile/Manufactured Homes: Mobile homes are licensed and built to standards as provided by the U.S. Department of Transportation, and Florida Department of Highway and Motor Vehicle Safety. "Mobile/Manufactured Home" means a structure,transportable in one(1)or more sections,which is eight body feet (8') or more in width, greater than four hundred (400) square feet and which is built on an integral chassis and designed to be used as a dwelling when connected to the required utilities and includes the plumbing, heating, air conditioning and electrical systems contained herein. Mobile/Manufactured Homes built after December 1, 2005, and meet the required standards are eligible for SHIP assistance.To receive SHIP assistance mobile/manufactured home must be affixed upon permanent foundation. The recipient must own both the home and the land upon which the mobile/manufactured home is affixed. BB. Reserved Rights of the County: For the protection, sustainability, and vitality of the Monroe County SHIP, the SHIP Administrator, or designee, may reevaluate any application for eligibility that has the following unique financial commitments or obligations, either existing or reasonably foreseeable in the proximate SHIP transaction, whereby the transition is not financially viable. For example, reevaluation of eligibility may occur when the following circumstances exist: three (3) or more funding sources are required for a home purchase, not including the County's SHIP contribution; reverse mortgage exists on the property; fraudulent or misrepresentations within the transaction; the debt to income ratio for household expenditures exceeds 53% of the annual gross household income; or any combination of SHIP funding is already expended upon the property and not yet satisfied/forgiven. Note: The SHIP mortgage amount shall not be included in the debt to income ratio for household expenditures for purposes of additional review of eligibility determination based on expenditures to income comparison. 6 1004 Section II. Housing Strategies: A. HOMEBUYER ASSISTANCE Code 1, 10 a. Summary of Strategy: Funding assistance for the purchase of existing or newly constructed by an owner-occupant of single-family, residential property, including condominiums,townhouses, mobile/manufactured homes (built after December 1, 2005), and modular homes. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served: Very low, low, moderate, and households up to 140%AMI d. Maximum award: $65,000 e. Terms: 1. Deferred Loan: Secured by a recorded note and mortgage 2. Interest Rate: 0% 3. Years in loan term: 30 4. Forgiveness: N/A. 5. Repayment: Full payment at maturity or default; otherwise, none due as long as the loan is in good standing. 6. Default:The loan will be due and payable in full upon maturity, sale, rental or transfer of the property, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption, foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to the heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. f. Recipient Selection Criteria: Eligible applicants will receive assistance on a "First Qualified, First Served" basis with the following priorities. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). Applications for Homebuyer Assistance must include: 1. A contract for the purchase of an existing housing unit or one under construction. An "under construction" housing unit shall be defined as having a building permit and pilings/foundation complete and inspected. 2. A lending institution pre-qualification letter for the amount to be financed which may assume up to a $65,000.00 SHIP loan. 7 1005 3. An affidavit from the Seller in the event this is a unit under construction, indicating the delivery date of the housing unit (cannot be more than five months from the date of the SHIP approval). Applicants who fail to submit complete applications, who do not meet SHIP threshold requirements or cannot close due to financing or any other reason, may not reapply for SHIP assistance until the following application cycle. g. Sponsor Selection Criteria: N/A h. Additional Information: 1. Buyer(s) must contribute a minimum of one percent (1%) of the sales price as a cash contribution to the purchase. The 1% may be comprised of title insurance, appraisals, inspections and/or closing costs. 2. Property must meet minimum health and safety standards as defined under the U.S Department of Housing and Urban Development's Housing Quality Standards (HQS). Any HQS deficiencies must be corrected prior to or as part of the purchase transaction. In the case of new construction, a Certificate of Occupancy (CO) may be substituted for the HQS inspection. Mortgage loans to public entities, which retain ownership of the land under the terms of a ground lease, shall extend to the improvements. 3. Homes must be financed utilizing funding from a federally insured financial institution subject to the limited exceptions described herein. The County may authorize the following exceptions: 1) non-profits entities that are self-funded;or 2)other financing issued by a non-federally insured financial institution as approved in writing by the SHIP Administrator, or designee, with the condition that the SHIP Mortgage is issued as the first mortgage, with superior priority to any other funding source. 4. When a State or Federal funding source is used, Monroe County SHIP mortgage may be in a junior position to any additional State or Federal funding source. Monroe County SHIP will maintain a superior mortgage position to any other municipality's contribution to the transaction. 5. Monroe County SHIP may subordinate to primary mortgage refinancing pursuant to Monroe County Board of County Commissioner's Resolution No.078-2002,as may be amended from time to time.Consistent with the current Resolution, the following conditions must exist: i) the proposed primary mortgage loan has a rate or other terms that are an improvement in the rate or terms of the existing primary mortgage loan; ii) the amount of the new refinanced mortgage does not exceed the amount of the existing primary mortgage payoff and the closing costs as documented on the ALTA settlement statement; and iii) the sum of the proposed primary mortgage and the existing SHIP mortgage loan does not exceed 105%of the value of the property as reflected on a property appraisal. 6. No assumptions (or assignments) are allowed for existing SHIP Homebuyer Mortgage Loans except as otherwise provided herein (i.e. death of the last surviving homeowner/resident heir ownership). 7. SHARED APPRECIATION PROVISION:All SHIP funds under this strategy are subject to a mortgage that shall contain recapture provisions which provides for shared appreciation between the buyer(s)and the Monroe County SHIP Program. The amount due to Monroe County upon sale or transfer of the property shall be calculated by adding the sum of the principal balance of the SHIP loan plus a percentage of the appreciated value of the Property as determined under the shared appreciation scale below ("Shared Appreciation Scale").The Shared Appreciation Value shall be calculated as the difference between the original purchase price of the Property and the sales price, minus the documented value of any permitted improvements made to the Property. Documented improvements for the Property are those represented on the Monroe County Property Appraiser's website. Housing units constructed utilizing Affordable Housing Building 8 1006 Permits or properties subject to Affordable (or Workforce) Housing Deed Restrictions, which restrict the appreciation of the Property's value, shall not be subject to the Shared Appreciation Provision. Shared Appreciation Scale When the SHIP Loan is subject to Shared Appreciation repayment pursuant to this Section, the amount due to Monroe County will include a percentage of the appreciated value as outlined in the following Schedule: Year Sold (within the listed year) Shared Percentage 1st_5th 50% 6th 45 Mtn 40 gtn 35 9tn 30 10t" 25 11t" 20 12t" 15 13t" 10 14t" 5 15th+ 0% 9 1007 B. OWNER OCCUPIED REHABILITATION Code 3 a. Summary: Funding assistance for owner occupied housing rehabilitation, with/or without leveraging funds through the Weatherization Assistance Program, and such other grants as may be available. For the purpose of this strategy, the standard for rehabilitation is defined as those improvements necessary for the subject unit to meet the U.S. Department of Housing and Urban Development's Housing Quality Standards (HQS). b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served:Very low, low, moderate, and households up to 140%AMI d. Maximum award: $35,000 e. Terms: 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded note and mortgage 2. Interest Rate: 0% 3. Years in loan term: Twenty(20)years 4. Forgiveness: The loan balance will be forgiven during years ten (10)through twenty (20) at the rate of ten (10) % per year. 5. Forgiven at maturity. 6. Repayment: None due as long as the loan is in good standing. 7. Default: The loan will be due and payable in full upon in the event of, rental, sale or transfer of the property before the maturity date, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption,foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption,the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. f. Eligible applicants will receive assistance on a "First Qualified, First Served" basis according to the below priorities. g. Recipient Selection Criteria: First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). h. Contractor Selection Criteria: Contractors will be selected in a manner consistent with the Monroe County Purchasing Policy Manual. Contractors may be for-profit or not-for-profit entities. The County may also utilize the County's Contractor Library or Contractor Pool, wherein contractors must demonstrate the necessary knowledge, license(s), qualifications, capability of providing the requested deliverables, capacity 10 1008 based on other current/active agreements with County, and other criteria listed in the Request For Proposals/Qualifications. These criteria shall be used to score the proposal/qualifications submitted in response to the RFP/RFQ. Monroe County shall award the work to the Contractor that is determined to be most advantageous to the SHIP Program with price and other factors considered. i. Additional Information: 1. All households receiving rehabilitation assistance under this strategy are not eligible for additional SHIP funding for a period of three (3)years from closeout of the final permit issued for rehabilitation work under the grant/loan. 2. Best practice is to wait three (3) days from the date that the SHIP mortgage/note is signed before commencing Rehabilitation Work pursuant to this strategy. 3. SHIP Funds allocated for this strategy may be leveraged with Community Development Block Grant (CDBG), other federal funds, other state funds, or other local funds. 4. Mobile Homes/Manufactured Units may be eligible for assistance under this program. To be eligible mobile homes/manufactured units must meet the following requirements: a. The Mobile Home/Manufactured Unit and the land on which it is located must be owned by the same person; b. The Mobile Home/Manufactured Unit must be affixed to the land with permanent foundation on which it is located; and c. The applicable governmental authority (that issues Building Permits, and when applicable, enforces land use/development regulations) must confirm in writing that the unit has obtained all relevant permits and conforms to applicable land use/development regulations. 5. The home,for which an applicant is receiving SHIP funds, must be homesteaded and owner occupied as their primary residence for a minimum of twelve (12) months prior to application submission. Eligible forms of ownership may be: a. Fee simple title, b. An equivalent form of ownership approved by HUD, or C. Other applicable documents, as determined by the SHIP Administrator or designee. 6. Where the scope of work produces bids greater than the maximum award amount authorized by this strategy,the scope of work will be reduced, and Contractors may re-bid. 11 1009 C. OWNER OCCUPIED DISASTER RELIEF I Code 5, 16 a. Summary: Funds will be awarded to owner occupied homeowners and/or displaced individuals to provide immediate disaster relief, repair of existing homes, or purchase assistance required to purchase or replace demolished homes as a result of an emergency or disaster which has been declared by executive order(s) signed by the President of the United States of America or the Governor of the State of Florida. This strategy will only be funded and implemented in the event of a disaster using any funds that have not yet been encumbered or with additional disaster funds allocated by Florida Housing Finance Corporation. SHIP disaster funds may be used for items such as, but not limited to: (a) Purchase of emergency supplies for eligible households to weatherproof. (b) Purchase and/or replacement housing unit. (c) Interim repairs to avoid further damage;tree and debris removal required to make the individual housing unit habitable. (d) Construction of wells or repair of existing wells where public water is not available. (e) Payment of insurance deductibles for rehabilitation of homes covered under homeowners' insurance policies. (f) Security deposit for eligible recipients that have been displaced from their homes due to disaster. (g) Rental assistance for eligible recipients that have been displaced from their homes due to disaster. (h) Any strategy included in the approved LHAP that benefits applicants directly affected by the declared disaster. (i) Other activities as proposed by Monroe County and approved by the Florida Housing Finance Corporation. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served: Very low, low, moderate, and households up to 140%AMI d. Maximum award: $35,000 e. Terms: 1. Repayment loan/deferred loan/grant: Secured by a recorded note and mortgage. Rental assistance will be awarded as a grant. 2. Interest Rate: 0% 3. Years in loan term: Ten (10) 4. Forgiveness:The loan balance will be forgiven during years six(6)through ten (10)at the rate of twenty (20) % per year. 5. Repayment: None due as long as the loan is in good standing. 6. Default: The outstanding loan balance will be due and payable in full upon the rental, sale or transfer of the property, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as the heir can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to the heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption, the party remaining in the home shall be considered in 12 1010 compliance with the existing terms and conditions of the SHIP Loan. f. Recipient Selection Criteria: Applications processed on a "First Qualified, First Served" basis. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). g. Contractor Selection Criteria: Contractors will be selected in a manner consistent with the Monroe County Purchasing Policy Manual. Contractors may be for-profit or not-for-profit entities. The County may also utilize the County's Contractor Library or Contractor Pool, wherein contractors must demonstrate the necessary knowledge, license(s), qualifications, capability of providing the requested deliverables, capacity based on other current/active agreements with County, and other criteria listed in the Request For Proposals/Qualifications. These criteria shall be used to score the proposal/qualifications submitted in response to the RFP/RFQ. Monroe County shall award the work to the Contractor that is determined to be most advantageous to the SHIP Program with price and other factors considered h. Additional Information: Eligible costs include all hard and soft costs associated with the rehabilitation of the property. 13 1011 D. HOMEOWNER SEWER LATERAL CONNECTION I Code 3 a. Summary: Funding assistance for sewer lateral connections for owner occupied properties, to include condominiums and townhouses. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served: Very low, low, moderate, and households up to 140%AMI d. Maximum award: $8,000 e. Terms: 1. Repayment loan/deferred loan/grant: Secured by a recorded note and mortgage 2. Interest Rate: 0 3. Years in loan term:Ten (10) 4. Forgiveness: Forgiven at maturity 5. Repayment: None due as long as the loan is in good standing. 6. Default: The outstanding balance shall be due and payable upon rental, sale, transfer, or failure to comply with the terms of the SHIP mortgage, loss of homestead exemption,foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to the heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption,the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. f. Recipient Selection Criteria: Applications processed on a "First qualified, First Served" basis. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low- Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). g. Contractor Selection Criteria: Contractors will be selected in a manner consistent with the Monroe County Purchasing Policy Manual. Contractors may be for-profit or not-for-profit entities. The County may also utilize the County's Contractor Library or Contractor Pool, wherein contractors must demonstrate the necessary knowledge, license(s), qualifications, capability of providing the requested deliverables, capacity based on other current/active agreements with County, and other criteria listed in the Request For Proposals/Qualifications. These criteria shall be used to score the proposal/qualifications submitted in response to the RFP/RFQ. Monroe County shall award the work to the Contractor that is determined to be most advantageous to the SHIP Program with price and other factors considered h. Additional Information: 1. Best practice is to wait three (3) days from the date that the SHIP mortgage/note is signed before commencing Sewer Lateral Work pursuant to this strategy. 14 1012 2. SHIP Funds allocated for this strategy may be leveraged with Community Development Block Grant (CDBG), other federal funds, other state funds, or other local funds. 3. Mobile Homes/Manufactured Units may be eligible for assistance under this program. To be eligible mobile homes/manufactured units must meet the following requirements: a. The Mobile Home/Manufactured Unit and the land on which it is located must be owned by the same person; b. The Mobile Home/Manufactured Unit must be affixed to the land with permanent foundation on which it is located; and c. The applicable governmental authority (that issues Building Permits, and when applicable, enforces land use/development regulations) must confirm in writing that the unit has obtained all relevant permits and conforms to applicable land use/development regulations. 15 1013 E. AFFORDABLE RENTAL CONSTRUCTION/REHABILITATION I Code 14, 21 a. Summary: Funds provided for the construction or rehabilitation of affordable rental housing units. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served:Very low, low, moderate, and households up to 140%AMI d. Maximum award: $40,000 per unit e. Terms: 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded promissory note, mortgage, SHIP Developer Agreement, and Land Use Restriction Agreement(LURA). 2. Interest Rate: 0%- Non-Profit; 3%-For Profit 3. Years in loan term: Fifteen (15) 4. Forgiveness: Not-for-Profit entities, full loan amount forgiven at maturity. For-Profit entities, full loan amount due at maturity. 5. Repayment: None due as long as the loan is in good standing. 6. Default: Due and payable in full upon sale or transfer of the property or failure to comply with the terms of the SHIP Agreements, as detailed herein, or Land Use Restriction Agreement (LURA). SHIP set aside units assisted under this strategy must maintain rents that do not exceed the rent maximums published annually by the Florida Housing Finance Corporation. SHIP recipients that offer rental housing for sale within fifteen (15) years of the SHIP award must give a right of first refusal to eligible non-profit organizations for purchase at the current market value for continued occupancy by eligible persons. f. Recipient/Tenant Selection Criteria: Eligible residents will be selected on a "First Qualified, First Served" basis. Depending on the unique features/nuances of each individual project funded under this strategy, Monroe County SHIP's overarching goal is to provide availability of rental units as a first priority to eligible applicants who meet both the definitions of Special Needs (Section 420.0004(13), Fla. Stat.) and Very Low- Income; then as a second priority to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income; then as a third priority to eligible applicants that meet the definition of Essential Service Personnel, as defined herein;then as a fourth priority to applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). g. Sponsor/Developer Selection Criteria: An eligible Sponsor/Developer is defined as a for profit, non-profit, or government entity that applies for an award through the Request for Proposal process as set forth in the Monroe County's Purchasing Policy Manual. The eligible sponsor/developer must demonstrate the necessary capacity, knowledge, and experience to effectively provide the services and project delivery required under this strategy. Scoring criteria will be as set forth in the Request for Proposal(s), and will include, but not be limited to: demonstrating knowledge/experience on how to conduct the State Housing Initiatives Partnership income certification process and capability to monitor/maintain the intended occupancies for the length of the award (at minimum); utilize innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities, or insurance; SHIP funding request per unit, overall number of units to be reserved or used for affordable rentals, longest period of affordability, and geographic location of the site to provide new availability/offerings to underserved areas of affordability housing within the County, etc.Additional points will be established in the selection process for the Eligible Sponsor/Developer that proposes to serve the 16 1014 below populations (as prioritized) for construction/rehab of units restricted for use by Special Needs recipients/applicants,and then followed by Very Low Income recipients/applications, and then followed by eligible applicants that meet the definition of Essential Service Personnel, as defined herein, and followed by Low Income recipients/applications, and last for the preservation of currently Assisted Housing Units.At the discretion of the SHIP Administrator, separate RFPs may be solicited pursuant to this strategy on a rotating basis; one for new construction and another for rehabilitation of existing affordable rental units in order to address the unique features of each type of project. h. Additional Information: All entities funded under this strategy will be required to execute and record a SHIP Developer Agreement and a Land Use Restriction Agreement (LURA) that ensures a minimum affordability period of fifteen (15)years. 17 1015 F. AFFORDABLE RENTAL DISASTER REHABILITATION RELIEF I Code 16 a. Summary: Funds will be provided for the rehabilitation of affordable rental units affected by a disaster as declared by executive order signed by the President or Governor. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served:Very low, low, moderate, and households up to 140%AMI d. Maximum award: $35,000 per unit e. Terms : 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded note, mortgage, and SHIP Developer Agreement and Land Use Regulations Agreement. 2. Interest Rate: 0 3. Years in loan term: Fifteen (15) 4. Forgiveness: The loan balance will be forgiven at maturity. 5. Repayment: None due if the loan is in good standing. 6. Default: Principal and interest shall be due upon the sale or transfer of the property. If during the affordability period the property is sold or transferred to an eligible nonprofit organization approved by the County that agrees to execute all SHIP loan documents for the affordability period originally specified, no payment is due on the loan. f. Recipient/Tenant Selection Criteria:Tenants will be processed on a "First Qualified, First Served" basis. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004(13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004(13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income. g. Sponsor/Developer Selection Criteria: Sponsors/Developers will be selected pursuant to the processes outlined within the Monroe County Purchasing Policy Manual for emergencies. Priority among Sponsor/Developers qualifying under this strategy will be assigned based on the below populations residing in the units affected by the disaster, in the following order: 1) Special Needs recipients/applicants, 2)Very Low Income recipients/applications, 3) eligible applicants that meet the definition of Essential Service Personnel, as defined herein, and 4)eligible recipients/applicants that do not fall into the above categories and who have been determined to be income eligible for program assistance prioritized based on their income (lower is higher in priority). h. Additional Information: Eligible costs include all hard and soft costs associated with the rehabilitation of the property. 18 1016 III. LHAP Incentive Strategies In addition to the required Incentive Strategy A and Strategy B, include all adopted incentives with the policies and procedures used for implementation as provided in Section 420.9076, F.S.: A. Name of the Strategy: Expedited Permitting Permits as defined in s. 163.3177(6)(f)(3)for affordable housing projects are expedited to a greater degree than other projects. Established policy and procedures: The Monroe County Year 2030 Comprehensive Plan and Land Development Code and Code of Ordinances establish procedures for expediting the development of affordable housing projects. Provide a description of the procedures used to implement this strategy:Affordable housing permit applications are not required to go through the competitive ROGO (Rate of Growth Ordinance) process. Additionally, any development order or development permit for affordable housing receives priority in processing and review of applications and permits, per Section 9-2(b) of the Monroe County Code. Responsible Agency: Monroe County Building Department and Planning & Environmental Resources Department B. Name of the Strategy: Ongoing Review Process An ongoing process for review of local policies, ordinances, regulations and plan provisions that increase the cost of housing prior to their adoption. Established policy and procedures: 1. Section 9-3 of the Monroe County Code states:All ordinances, policies, resolutions, regulations, and comprehensive plan provisions (regulations) that may affect the cost of housing including those regarding infrastructure, permitting, impact fees, or development process and approvals shall be reviewed by the growth management director, the planning director, the building official and the finance or budget director. The assessment shall evaluate whether the new regulation does, in fact,affect the cost of housing including affordable housing.Such evaluation shall be addressed in the staff report to the board of county commissioners. Responsible Agency: Monroe County Planning& Environmental Resources and Monroe County Building Department 2. The County allows applicants to apply to the Board of County Commissioners to waive building permit application fees for affordable housing (Section 6-108(e), Monroe County Code). Responsible Agency: Monroe County Building Department 3. The adopted Fee Resolution for the Planning& Environmental Resources Department provides that there shall be no application or other fees, except advertising and noticing fees, for affordable housing projects, except that all applicable fees shall be charged for applications for all development approvals required for any development under Sec. 139-2(b) (Transfer of ROGO Exemptions from Mobile Home Parks) and for applications for variances to setback, 19 1017 landscaping and/or off-street parking regulations associated with an affordable housing development. Responsible Agency: The Monroe County Planning and Environmental Resources Department and Monroe County Building Department Other Incentive Strategies Adopted: C. Name of Strategy: Modification of Impact Fee Requirements Established policy and procedure:The County waives impact fees for all affordable housing permits, pursuant to Comprehensive Plan Policy 601.1.12, Section 139-1(b)(4) and Chapter 126 of the Land Development Code. Monroe County Comprehensive Plan Policy 601.1.12: Monroe County shall annually monitor the eligibility of the occupants of housing units which have received special benefits, including but not limited to those issued under the affordable housing provisions specified in the Land Development Code or those issued through the Permit Allocation System. If occupants no longer meet the eligibility criteria specified in the Plan and in the Land Development Code, and their eligibility period has not expired, then Monroe County may take any one or a combination of the following actions: 1. require the payment of impact fees, if they were waived; 2. proceed with remedial actions through the Department of Code Compliance, as a violation of the Monroe County Code; 3. take civil court action as authorized by statute, common law, or via agreement between an applicant and the County; and/or 4. require the sale or rental of the unit(s) to eligible occupants. Monroe County Code Chapter 126 — Impact Fees, Section 126-4(h)(6): Type of Development Not Affected. ... (6) Affordable or employee housing units (as defined in section 101-1) for which a deferred payment of impact fees has been recorded in the chain of title. Monroe County Code Section 139-1 Affordable and employee housing; administration: 139-1(b)(4) The requirements of this Land Development Code for the provision of impact fees shall be waived for affordable and employee housing and any market rate housing developed in accordance with subsection (b)(8) of this section. Responsible Agency: Monroe County Building Department and Planning & Environmental Resources Department D. Name of Strategy: Flexibility in Densities for Affordable Housing Established policy and procedures: 1) Pursuant to Sections 130-157 and 139-1(b)(1) of the Land Development Code, the following density bonuses are allowed for affordable and employee housing: a Maximum Net Density of 25 dwelling units per buildable acre for land within an Urban Residential (UR) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Mixed Use (MU) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Suburban Commercial (SC) land use district;and a Maximum Net Density of 12 dwelling units per buildable acre for land within an Urban Commercial (UC) land use district. 20 1018 Responsible Agency: Monroe County Planning & Environmental Resources Department 2) Pursuant to Section 139-1(b)(2) of the Land Development Code, the maximum net residential density allowed per district and by this section shall not require Transferable Development Rights (TDR) for affordable and employee housing and market rate housing developed in accordance with subsection (b)(8) of this section. This allows a higher density for affordable and employee housing without the transfer and retirement of additional density. 3) Pursuant to Section 139-1(b)(5),the County allows the construction of affordable housing units on nonresidential sites, including hotel/motel density development, without deducting from the commercial floor area allowed when calculating density, any existing lawfully established or proposed affordable or employee housing on a parcel and the floor area thereof shall be excluded from the calculation of the total gross nonresidential floor area). Providing a 'density bonus' for the development of affordable or employee housing on the site with the nonresidential use. Responsible Agency: Monroe County Planning & Environmental Resources Department E. Name of Strategy: Reservation of Infrastructure Capacity for Affordable Housing Established policy and procedure: Monroe County prepares an annual Public Facilities Capacity Report. This Report indicates that there is sufficient infrastructure capacity to accommodate the needs of County residents. Responsible Agency: Monroe County Planning & Environmental Resources Department F. Name of Strategy: Allowance of Affordable Accessory Residential Units in Residential Zoning Districts Established policy and procedure: Additions and accessory bedrooms may be permitted on developed parcels as an accessory use/structure. The accessory use/structure must be consistent with existing density and Rate of Growth Ordinance(ROGO) requirements specified within the Land Development Code and the Monroe County Comprehensive Plan.Accessory uses/structures do not include second dwelling units, guest houses, lockouts or any other potentially habitable structures that are occupied by a separate and independent resident/household. Responsible Agency: Monroe County Planning & Environmental Resources Department G. Name of Strategy: Reduction of parking and setback requirements for affordable housing Established policy and procedure: Pursuant to Sections 102-186 and 102-187, off-street parking requirements may be granted variances if the requisite criteria can be met. Pursuant to Section 131-3(c), any required off-street parking spaces may be located on an accessory driveway within the front yard setback on a parcel developed exclusively with a residential use, provided it does not occupy more than 60 percent of the required front yard setback area and any vehicle utilizing such an off-street parking space shall be properly licensed and operable. Responsible Agency: Monroe County Planning & Environmental Resources Department 21 1019 H. Name of Strategy:Allowance of Flexible Lot Configurations Established policy and procedure: Monroe County allows flexible lot configurations to the extent setback and buffer yard requirements are met. Pursuant to Sections 102-186 and 102-187, variances to setback and buffer yard requirements may be granted if the requisite criteria can be met. Pursuant to Sections 110-110 and 110-111 of the Land Development Code, there is a process to request a lot line adjustment for lots in a duly recorded lot as shown on a plat approved by the County. The resulting lots configured in the lot line adjustment process must meet the minimum requirements for a building site pursuant to the Land Development Code and Comprehensive Plan. All resulting lots will conform to the site development standards of the applicable zoning district. Responsible Agency: Monroe County Planning & Environmental Resources Department I. Name of Strategy: Modification of Street Requirements Established policy and procedure: Monroe County allows internal street configurations that meet life safety criteria. Responsible Agency: Monroe County Planning & Environmental Resources Department & Engineering Department J. Name of Strategy: Inventory of County Owned Property Suitable for Affordable Housing Established policy and procedures: Pursuant to Section 125.379, Florida Statutes, the County has prepared and will continue to provide an inventory of possible sites suitable for affordable housing. (Comprehensive Plan Policy 601.1.3) On April 21,2021,the Monroe County BOCC reviewed the updated inventory of County owned sites which may be appropriate for use as affordable housing. The inventory includes two developed parcels and two vacant parcels.The two developed parcels were also included in the 2015 approved inventory. The two vacant parcels were deeded to Habitat for Humanity in June 2022 for the development of affordable housing. Responsible Agency:The Clerk of Court has the list of properties approved by the Board of County Commissioners in Resolution 167-2021. Monroe County Planning & Environmental Resources Department. K. Name of Strategy: Support development near transportation hubs and major employment centers and mixed-use developments Established policy and procedures: 1) Pursuant to Sections 130-157 and 130-139(b)(1) of the Land Development Code, the following density bonuses are allowed for affordable and employee housing within zoning districts that allow commercial and mixed use development: a Maximum Net Density of 18 dwelling units per buildable acre for land within a Mixed Use (MU) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Suburban Commercial (SC) land use district; and a Maximum Net Density of 12 dwelling units per buildable acre for land within an Urban Commercial (UC) land use district. 22 1020 Responsible Agency: Monroe County Planning & Environmental Resources Department 2) Livable CommuniKeys Plans (LCP) have been adopted by the Board of County Commissioners for Key Largo, Tavernier, Big Pine Key and No Name Key, Stock Island, and the Lower Keys. These LCPs identify activity centers that encourage the development of affordable housing near identified mixed use and employment centers. Proposed amendments to the Land Development Code also incorporate these areas as community center zoning overlay districts. Responsible Agency: Monroe County Planning & Environmental Resources Department 3) Policy 601.1.5 of the Monroe County Comprehensive Plan states: If Monroe County funding, or if County-donated land is to be used for any affordable housing project, alternative sites shall be assessed according to the following guidelines: 4. Proximity to employment and retail centers. Sites within five miles of employment and retail centers shall be preferred. [9J-5.010(3)(c)(5)] Responsible Agency: Monroe County Planning & Environmental Resources Department 4) Pursuant to Section 114-15 of the Land Development Code, nonresidential and multi-family uses generating over two thousand (2,000) trips per day shall be developed to encourage mass transit, by including features such as:transit facilities, including covered bus shelters, pedestrian/bicycle paths, bicycle racks, carpool facilities, adequate turning radii for large vehicles, and pedestrian access to adjacent nonresidential and multi-family uses. Responsible Agency: Monroe County Planning & Environmental Resources Department L. Name of Strategy: Inclusionary Housing Residential Established policy and procedure: Per Section 139-1(e)(2) of the Land Development Code: a. Residential developments, other than mobile home or mobile home spaces covered by subsection (e)(2)b. of this section, that result in the development or redevelopment of three (3) or more dwelling units on a parcel or contiguous parcels shall be required to develop or redevelop at least 30 percent of the residential units as affordable housing units. Residential development or redevelopment of three (3) units on a parcel or contiguous parcels shall require that one (1) developed or redeveloped unit be an affordable housing unit. For the purpose of this section, and notwithstanding subsection (e)(2)b. of this section, any dwelling unit exceeding the number of lawfully established dwelling units on site, which are created by either a THE or ROGO allocation award, shall be considered developed units. b. The removal and replacement with other types of dwelling units of ten (10) or more mobile homes that are located on a parcel or contiguous parcels and/or the conversion of mobile home spaces located on a parcel or contiguous parcels into a use other than mobile homes shall be required to include in the development or redevelopment a number of affordable housing units equal to at least 30 percent of the number of existing units being removed and replaced or converted from mobile home use or, in the event the new use is nonresidential, to develop affordable housing units at least equal in 23 1021 number to 30 percent of the number of mobile homes or mobile home spaces being converted to other than mobile home use. Removal and replacement or conversion to a different use of ten (10) mobile homes or mobile home spaces on a parcel or contiguous parcels shall require that three (3) units be replaced or converted to deed-restricted affordable housing. c. In calculating the number of affordable housing units required for a particular project, or phase of a project, all dwelling units proposed for development or redevelopment or mobile homes or mobile home spaces to be converted from mobile home use shall be counted. In phased projects, the affordable housing requirements shall be proportionally allocated among the phases. If a subsequent development or redevelopment is proposed following a prior development approved on the same property as it existed as of the effective date of the ordinance (ORD 030-2003, 017-2006, 011-2008 and 006-2016)from which this section is derived, which prior development did not meet the compliance thresholds set forth in subsection (e)(2)a. or (d)(2)b. of this section, the requirements of subsection (e)(2)a. or (e)(2)b. of this section shall be met as part of the subsequent development for all units proposed for development or redevelopment. Nonresidential and Transient Ordinance 001-2021 was adopted by the Monroe County BOCC on February 17, 2021, which created an inclusionary housing requirement to address nonresidential and transient development to ensure that affordable housing is provided to the local workforce by employee generating development proportionate with the need for affordable workforce housing it creates. The established policy and procedure is set forth in Section 139-1(f)of the Land Development Code. The intent of the section is to ensure that there is an affordable supply of housing for the local workforce. This will be accomplished by requiring workforce housing be provided for all new development and redevelopment in an amount proportionate to the need for affordable workforce housing that the nonresidential and transient use development or redevelopment creates. The intent of this subsection is to permit nonresidential and transient use owners to continue to establish uses consistent with the current building and safety standards and to ensure that as development and redevelopment occurs, comprehensive plan policies regarding affordable housing are implemented. The technical support and analysis upon which the nonresidential inclusionary housing requirements are established are based upon the`Affordable Workforce Housing Support Study for Non-Residential Development/ prepared by Clarion Associates, LLC, prepared in June 2017. Responsible Agency: Monroe County Planning & Environmental Resources Department Recommendation: Monroe County shall maintain land development regulations on inclusionary housing. M. Name of Strategy: Mobile Home Park Incentive Program Established policy and procedure: Section 139-2(b) of the Land Development Code establishes incentives for affordable housing development by allowing the transfer of market rate ROGO exemptions within the ROGO subarea from mobile home parks in exchange for maintaining an equal or greater number of deed-restricted affordable dwelling units within Monroe County. 24 1022 This program provides an eligible sender site owner the opportunity to transfer market rate ROGO exemptions currently associated with existing and lawfully established dwelling units from eligible sender sites to receiver site(s) within Monroe County, provided that it involves the pooling of affordable dwelling unit rights for redevelopment at donated, purchased or otherwise appropriately deed-restricted sites, and transfer of ROGO exemptions or allocations for the purpose of implementing and facilitating one or more affordable housing projects. Responsible Agency: Monroe County Planning & Environmental Resources Department N. Name of Strategy: Employee Housing, Commercial Apartments, and Workforce Housing as Permitted Uses Established policy and procedure: The Monroe County Land Development Code currently permits "Employee Housing" and/or"Commercial Apartments" in several Land Use(Zoning) Districts where residential units are not otherwise permitted. Per Section 101-1 of the code: Employee housing means an attached or detached dwelling unit that is intended to serve as affordable, permanent housing for working households, which derive at least 70 percent of their household income from gainful employment in the county and meet the requirements for affordable housing as defined in this section and as per section 130-161. Commercial apartment means an attached or detached residential dwelling unit located on the same parcel of land as a nonresidential use that is intended to serve as permanent housing for the owner or employees of that nonresidential use.The term does not include a tourist housing use or vacation rental use. Ordinance 001-2021 was adopted by the Monroe County BOCC on February 17, 2021, which created a definition for "workforce" and "workforce housing" as a part of a larger ordinance to create an inclusionary housing requirement to address nonresidential and transient development. The new Workforce housing use is interchangeable with the terms detached or attached dwellings, employee housing or commercial apartments included in the land use districts and shall be a permitted use in all land use districts where detached dwelling, attached dwellings, employee housing or commercial apartments are included as a current permitted use.The adopted definitions are consistent with the recommendation from the AHAC specified in Resolution 01-2016. Established definitions in LDC Section 101-1: Workforce means individuals or families who are gainfully employed supplying goods and/or services to Monroe County residents or visitors. Workforce Housing means dwelling units for those who derive at least 70% of their income as members of the Workforce in Monroe County and who meet the affordable housing income categories of the Monroe County Code.Workforce housing shall be interchangeable with the terms detached or attached dwellings, employee housing or commercial apartments included in the land use districts and shall be a permitted use in all land use districts where detached dwelling,attached dwellings, employee housing or commercial apartments are included as a current permitted use. An applicant choosing to develop workforce housing is subject to the requirements of Chapter 139 and all other requirements included in the land development code, including but not limited to, density, parking, bufferyards, access, etc. 25 1023 Responsible Agency: Monroe County Planning & Environmental Resources Department O. Name of Strategy: Purchase and Lease Back Program Established policy and procedure: The County has a purchase and lease-back program for affordable housing. Additionally,the County has actively participated in the federal and state grant opportunities made available after Hurricane Irma to acquire and redevelop mobile parks as workforce housing. The County has applied for a Community Development Block Grant-Disaster Recovery(CDBG-DR)grant to fund the property's purchase price and development costs. Responsible Agencies: Monroe County Land Development Authority; Monroe County Housing Authority and Monroe County Attorney's Office. Required A. Administrative Budget for each fiscal year covered in the Plan. Attached hereto as "Exhibit A." B. Timeline for Estimated Encumbrance and Expenditure. Attached hereto as "Exhibit B." C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the plan. Attached hereto as "Exhibit C." D. Signed LHAP Certification. Attached hereto as "Exhibit D." E. Signed, dated, witnessed or attested adopting resolution. Attached hereto as "Exhibit E." Optional F. Ordinance: (If changed from the original creating ordinance). N/A G. Interlocal Agreement (Required if applicable). N/A H. Other Documents Incorporated by Reference. N/A 26 1024 Exhibit A ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR Exhibit A(2025) MONROE COUNTY, FLORIDA Fiscal Year: 2025-2026 Estimated SHIP Funds for Fiscal Year: $ 663,805.00 Salaries and Benefits $ 61,900.00 Office Supplies and Equipment $ 3,000.00 Travel Per them Workshops, etc. Advertising 1,450.001 Other* Total 66,350.00 ............................ Admin % 10.00% Fiscal Year 2026-2027 Estimated SHIP Funds for Fiscal Year: $ 663,805.00 ............... ............... Salaries and Benefits 61,900.00 Office Supplies and Equipment $ 3,000.00 IF ........................ ...... Travel er them Workshops, etc. $ Advertising $ 1,450.00 Other* Total 66,350.00 Admin % 10.00%1 Fiscal Year 2027-2028 Estimated SHIP Funds for Fiscal Year: $ 663,805.00 ............... ............... Salaries and Benefits $ 61,900.001 Office Supplies and Eq $ 3,000.00 Travel Per them Workshops, etc. Advertising $ 1,450.00 Other* $ Total $ 66,350.001 Admin % 10.00%1 ................................................................................................................................................. *All "other" items need to be detailed here and are subject to review and approval by the SHIP review committee. Project Delivery Costs that are outside of administrative costs are not to be included here, but must be detailed in the LHAP main document. PAGE 27 1025 FY 2025-2028 Exhibit B Timeline for SHIP Expenditures MONROE COUNTY, FLORIDA affirms that funds allocated for these fiscal years will (local government) meet the following deadlines: .................................................................................... Fiscal Year Encumbered Expended Closeout Report ..................................................................................................................................................................................................................................................................................................................................................................................................................................... 2025-2026 6/30/2027 6/30/2028 9/15/2028 ...................................................................................................................................................................................................................................................................................................................................................................................................................................... 2026-2027 6/30/2028 6/30/2029 9/15/2029 ...................................................................................................................................................................................................................................................................................................................................................................................................................................... 2027-2028 6/30/2029 1 6/30/2030 1 ��15/2030 ..................................................................................................................................................................................................I........................................................................................................ ...............:......................................................... If funds allocated for these fiscal years is not anticipated to meet expenditure deadlines, Florida Housing Finance Corporation should be notified according to the following dates: ­­­­, ­­­--——------------ .......................................................... Fiscal Year Funds Not oseout AR Expended Not Submitted ............................................................. ..................................................... ............................................................... 2025-2026 3/30/2028 6/15/2028 ....................................................................................................... .................................................................................................................................................................................................................. 2026-2027 3/30/2029 6/15/2029 2027. - ......................................................2028.......................................................................3/30/2030.........................................................................................................6/15/2030..................................................................................... Requests for Expenditure Extensions(close-out year ONLY) must be emailed to i o b..e i.t d e a i.rv4 u ffefj2!rvii 4 a .!m.. i I.i.-ous'. .. g.and include: ...................... 1. A statement that"(city/county) requests an extension to the expenditure deadline for fiscal year 2. The amount of funds that is not expended. 3. The amount of funds that is not encumbered or has been recaptured. 4. A detailed plan/timeline of how/when the money will be expended. Note:an extension to the expenditure deadline(June 30)does not relieve the requirement to submit (September 15)the annual report online detailing all fun ds that have been expended. Other Key Deadlines: A C reports are now due annually by December 31. Local governments receiving the minimum(or less) allocation may choose not to report. AR financial statements are due each June 30 for the report ending September 30 of the previous year. 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(2) All SHIP funds will be expended in a manner which will ensure that there will be no discrimination on the basis of race, color, national origin, sex, handicap, familial status, or religion. (3) A process to determine eligibility and for selection of recipients for funds has been developed. (4) Recipients of funds will be required to contractually commit to program guidelines and loan terms. (5) Florida Housing will be notified promptly if the local government/interlocal entity will be unable to comply with any provision of the local housing assistance plan (LHAP). (6) The LHAP provides a plan for the encumbrance of funds within twelve months of the end of the State fiscal year in which they are received and a plan for the expenditure of SHIP funds including allocation, program income and recaptured funds within 24 months following the end of the State fiscal year in which they are received. (7) The LHAP conforms to the Local Government Comprehensive Plan, or that an amendment to the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the LHAP. (8) Amendments to the approved LHAP shall be provided to Florida Housing for review and/or approval within 21 days after adoption. (9) The trust fund exists with a qualified depository for all SHIP funds as well as program income or recaptured funds. (10) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. PAGE 32 1030 Exhibit D 67-37.005(1), F.A.C. 2025 (11) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements (ACFR). An electronic copy of the ACFR or a hyperlink shall be provided to Florida Housing by June 30 of the applicable year. (12) Evidence of compliance with the Florida Single Audit Act, as referenced in Section 215.97, F.S. shall be provided to Florida Housing by June 30 of the applicable year. (13) SHIP funds will not be pledged for debt service on bonds. (14) Developers receiving assistance from both SHIP and the Low-Income Housing Tax Credit (LIHTC) Program shall comply with the income, affordability and other LIHTC requirements, similarly, any units receiving assistance from other federal programs shall comply with all Federal and SHIP program requirements. (15) Loans shall be provided for periods not exceeding 30 years, except for deferred payment loans or loans that extend beyond 30 years which continue to serve eligible persons. (16) Rental Units constructed or rehabilitated with SHIP funds shall be monitored for compliance with tenant income requirements and affordability requirements or as required in Section 420.9075 (3)(e). To the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. (17) The LHAP meets the requirements of Section 420.907-9079 FS, and Rule Chapter 67-37 FA . (18) The provisions of Chapter 83-220, Laws of Florida have not been implemented (except for Miami-Dade County). Witness Chief Elected Official or designee ------------------I--____--------- ---------------------------------------------- -------- ---------------------------------------------------------- Witness Type Name and Title Date OR Attest: (Seal) PAGE 33 2 1031 Monroe County State Housing Initiatives Partnership Program Local Housing Assistance Plan (LHAP) 2026-2027-2028 AHAC, Staff, and FHFC Recommended Changes and Updates to Strategies 1. FHFC recommended staff clarify"Project Delivery Cost" language and cap it at 5%. Staff accepts FHFC's recommendation. (Page 5, S) 2. Staff recommended that all"Homeowner" activities/strategies have been clarified to state that the units must be"owner-occupied". (Pages 7, a; 10, a; 12, a; 14, a) 3. Staff recommended establishing the manufacturing date of mobile/manufactured units to"after December 1, 2005"to be eligible for program purchase assistance. (Page 6, AA) 4. AHAC recommended establishing a maximum debt to income ratio for combined monthly debt not to exceed 45% of household gross income. However, based upon additional discussions with staff and multiple lending institutions, the established current market conditions would not support a maximum cap of 45%. Therefore, staff are recommending that the BOCC support a slightly higher maximum cap of 53%. (Page 6, BB) 5. Staff added language to clarify"Settlement/Write Off" in the event of foreclosure. (Page 6, Y) 6. AHAC recommended forgiving homebuyer assistance loans based on number of years of homeownership. Without this much needed program income, we would not be able to provide additional financial support to affordable rental construction/rehabilitation projects. Therefore, staff cannot concur with this recommendation due to the financial shortfall that would be created by forgiveness See below for three sample years of program income that would be lost if this recommendation were to pass. (Page 7, e, 4) Revenue 2023 Satisfactions of Mortgages $758,778.18 Revenue 2024 Satisfactions of Mortgages $629,595.35 Revenue 2025 Satisfactions of Mortgages $666,350.50 Total Revenue $2,054,724.03 1 1032 Below is an example of significant new construction and rehabilitation projects that were able to be completed or have funds encumbered with the program income generated by mortgage satisfactions. Without these much needed funds, these projects would not be possible. Monroe County Housing Authority, Scattered Sites/Big Pine Key: 10 affordable rental units, 1 ADA unit: $220,000 (new construction) -COMPLETED Monroe County Housing Authority, Scattered Sites/Conch Key: 10 affordable rental units, 1 ADA unit: $220,000 (new construction) -COMPLETED Catholic Charities, FlaglerAvenue: 10 Elderly/ADA units: $400,000 (new construction) - COMPLETED Habitat for Humanity of Key West and the Lower Florida Keys: Set Aside $200,000 for rehabilitation for affordable rental units: $200,000— FUNDS ENCUMBERED Housing Authority of the City of Key West: Set Aside$200,000 for rehabilitation for affordable rental units: $200,000 - FUNDS ENCUMBERED Additionally, per SHIP rules, we are restricted to only spending 25% of an annual distribution toward affordable rental units. However,we can spend 100% of program income on affordable rental units. 7. Staff recommended increasing maximum award for Homebuyer Assistance from $45,000 to $65,000 to meet current market demands. AHAC concurred with the staff recommendation. (Page 7, d) 8. Staff recommended providing for a reduction of shared appreciation based on the number of years of homeownership as described in the schedule. AHAC concurred with the staff recommendation. (Page 8-9, 7) 9. Staff recommended decreasing homebuyer personal financial contribution from 3% of the sales price to 1% of the sales price. AHAC concurred with staff recommendation. (Page 8, h, 1) 10.Staff recommended clarification of language regarding leveraging any other sources of funding, including the removal/elimination of private funding. (Page 9, a; 11, i, 3) 2 1033 11.AfterAHAC discussions, staff recommended updating and clarifying language regarding Owner Occupied Rehabilitation restrictions of additional SHIP funding terms. (Pagel 1, i, 1) 12.Staff updated Owner Occupied Rehabilitation language regarding the eligibility for mobile homes and manufactured homes. AHAC concurred with the staff recommendation. (Page 11, i, 4 and 5) 13. Based upon guidance from FHFC, language was clarified regarding rental assistance for owner occupied Disaster Relief strategy. (Page 12, a; and e, 1) 14.Staff provided clarification in the selection criteria and first priority funding language in all strategies (Pages 7, f; 10, g; 13, f; 14, f; 16, f; 18, f) 15.Support Services and Homeownership Counseling are supported by FHFC, HUD, and most first homebuyer programs, including the primary lenders. Staff are recommending that all homebuyers avail themselves of these opportunities and will be required to take at least one (1) hour of a certified counseling program in order to be financially assisted through SHIP. AHAC did not review this recommendation; however, it has been approved by FHFC. (Page 4, K) 3 1034 �3) MONROE COUNTY, FLORIDA AFFORDABLE HOUSING ADVISORY COMMITTEE RESOLUTION NO. 01-2025 A RESOLUTION BY THE AFFORDABLE HOUSING ADVISORY COMMITTEE (AHAC) MEMORIALIZING THE ANNUAL REPORT OF THE AHAC ON LOCAL INCENTIVE STRATEGIES, AND RECOMMENDING THE ADOPTION OF A NEW 2025-2026, 2026-2027, 2027-2028 LOCAL HOUSING ASSISTANCE PLAN (LHAP) PURSUANT TO THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SECTIONS 420.907-420.9079, FLORIDA STATUTES, AND CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the State Housing Initiatives Partnership (SHIP) Act, ss. 420.907-420.9079, Florida Statutes, and Chapter 67-37,Florida Administrative Code,requires local governments to develop a Local Housing Assistance Plan (LHAP) outlining how funds will be used for up to a three (3)-year, corresponding with the State's fiscal year(July 1 to June 30); and WHEREAS, Monroe County participates in the SHIP Program and is a recipient of funding for its affordable housing programs and activities; and WHEREAS, Monroe County Social Services administers the County's SHIP program as approved by the Monroe County Board of County Commissioners on January 17, 2018, memorialized by Resolution No. 003A-2018; and WHEREAS, the Monroe County Board of County Commissioners approved the current 2022- 2023, 2023-2024, 2024-2025 LHAP on July 20, 2022, memorialized by Resolution No. 205-2022; and WHEREAS,the current LHAP is in effect until June 30, 2025, and the County must establish a new LHAP for the upcoming three (3) year interval in order to maintain its compliance with the SHIP Program; and WHEREAS, the Florida Legislature has previously taken the view that affordable housing is most effectively provided by combining public and private resources, and that local governments may achieve this combination of resources by encouraging active partnerships between government, lenders, builders,real estate professionals, advocates for low-income persons, and community groups to produce affordable housing, and that such partnership concept may likewise be extended among counties and municipalities; and AHAC Reso. 01-2025 1 of 3 1035 WHEREAS, additionally, the Florida Legislature has cited that local governments may achieve this combination of resources through the establishment of an Affordable Housing Advisory Committee (AHAC)to recommend monetary and non-monetary incentives for affordable housing as provided in § 420.9076, Fla. Stat.; and WHEREAS,Fla. Admin. Code Chapter 67-37, "State Housing Initiatives Partnership Program," sets forth various rules regarding the SHIP Program generally, the LHAP, the annual report from the AHAC, among many other features of the Program; and WHEREAS, pursuant to state law and administrative code, and consistent with the Monroe County Code of Ordinances, specifically Section 2-701, "Duties of the affordable housing advisory committee," and Section 2-702, "Public hearing," the AHAC has performed its duties and held two (2) public hearings, the first on March 31, 2025, and the second on May 2, 2025; WHEREAS, in those public meetings, the AHAC has reviewed and discussed the established local laws, policies, and procedures, and hereby recommends specific updates, actions, or initiatives to encourage or facilitate affordable housing while protecting the ability of the property to appreciate in value; and WHEREAS, in addition to this its Annual Report, the AHAC recommends the following with regard to the 2025-2026 /2026-2027/2027-2028 LHAP: a. Updates and additions to the definitions and other features within the Program Details section, to include clarifying eligibility for modular and mobile/manufacture homeowners, among others; b. Updates to the Home Buyer Assistance Strategy, including but not limited to raising the maximum award from $45,000 to $65,000, requiring 1% instead of 3%buyer contribution toward the purchase price, adoption of a Shared Appreciation Scale for appreciation value forgiveness over time, etc.; c. Updates to the Homeowner Rehabilitation Strategy; d. Updates to the Affordable Rental Construction/Rehabilitation Strategy; and e. Finds and determines that the County is on track with its implementation of the Incentive Strategies,paragraphs A-O, and recommendations maintaining that section of the LHAP as-is. NOW, THEREFORE, BE IT RESOLVED BY THE AFFORDABLE HOUSING ADVISORY COMMITTEE OF MONROE COUNTY, FLORIDA: Section 1. That the foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this resolution. In addition, "Exhibit A" entitled, "Monroe County, Florida SHIP Local Housing Assistance Plan (LHAP) 2025-2026, 2026- 2027, 2027-2028," attached hereto is incorporated herein and made a specific part of this resolution. Section 2: That the Monroe County Affordable Housing Advisory Committee has completed its annual review on incentive strategies and offers this Resolution as its Annual Report, along with recommendations that will update and clarify other portions of the current LHAP. As such, the AHAC recommends that the Board of County Commissioners adopts the new three (3)-year LHAP, reflecting AHAC Reso. 01-2025 2 of 3 1036 those updates and clarifications, attached hereto and incorporated herein as "Exhibit A." Section 3: That the Monroe County Staff Liaison to AHAC, or designee, is hereby directed to transmit this resolution to the Monroe County Board of County Commissioners and Florida Housing and Finance Corporation in compliance with § 420.9076(5), Fla. Stat. Section 4: That if any clause, section, other part or application of this resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or in application, it shall not affect the validity of the remaining portion or applications of this resolution. Section 5: That this resolution shall be in full force and effect immediately upon its adoption. PASSED AND ADOPTED by the Affordable Housing Advisory Committee of Monroe County, Florida, at a meeting of said Committee held on the this 2nd of May, 2025. Motion and Second were made to Approve; Approved by Consensus (Voice) Vote (No Objections were heard from any members in attendance): Commissioner Craig Cates X John Brooke X Lauren Dunn X Kurt Lewin X Tim Root absent Mary Schindler X Chris Todd Young absent Joe Scarpelli X Joe Walsh X Monroe County Staff Liaison to AHAC Digitally signed by Cheryl Cioffari By: Cheryl Cioffari oo,yi'oso071"y o"C-U=Ciofa,i Cheryl Cioffari, Asst. Director Planning Approved as to legal form and sufficiency: By: Eve M. Lewis, Asst. County Attorney AHAC Reso. 01-2025 3 of 3 1037 "EXHIBIT A" TO AHAC RESOLUTION NO. 01-2025 I " EEO MONROE COUNTY, FLORIDA MONROE COUNTY STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) 2025-2026,2026-2027,2027-2028 1 1038 Table of Contents Description Page# Section I, Program Details 3-6 Section II, Housing Strategies A. HOMEBUYER ASSISTANCE 7-9 B. HOMEOWNER REHABILITATION 10 C. DISASTER RELIEF 11-12 D.HOMEOWNER SEWER LATERAL CONNECTION 13 E. AFFORDABLE RENTAL REHABILITATION/CONSTRUCTION 14-15 F. AFFORDABLE RENTAL DISASTER RELIEF 16 Section III, Incentive Strategies A. Expedited Permitting B. Ongoing Review Process C. Other Ongoing Incentive Strategies 26 Exhibits A. Administrative Budget for each fiscal year covered in the Plan 27 B. Timeline for Estimated Encumbrance and Expenditure 28 C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year 29-31 Covered in the plan 32 D. Signed LHAP Certification 33-34 E. Signed, dated, witnessed or attested adopting resolution F. Ordinance: unchanged N/A G. Interlocal Agreement N/A 2 1039 Section I. Program Details: A. LG(s) Name of Local Government MONROE COUNTY,FLORIDA Does this LHAP contain an interlocal agreement? NO If yes, name of other local government(s) N/A B. Purpose of the program: • Serve the residents residing within Monroe County, Florida; • To meet the housing needs of the very low, low, moderate, and households up to 140% of AMI income households; • To expand production of and preserve affordable housing; and • To further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: 2025-2026, 2026-2027, 2027-2028 D. Governance:The SHIP Program is established in accordance with Section 420.907-9079, Florida Statutes and Chapter 67-37, Florida Administrative Code. Cities and Counties must be in compliance with these applicable statutes, rules and any additional requirements as established through the Legislative process. E. Local Housing Partnership:The SHIP Program encourages building active partnerships between government, lending institutions, builders and developers, not-for-profit and community-based housing providers and service organizations, providers of professional services related to affordable housing, advocates for low- income persons, real estate professionals, persons or entities that can provide housing or support services and lead agencies of the local continuums of care. F. Leveraging:The Plan is intended to increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. SHIP funds may be leveraged with or used to supplement other Florida Housing Finance Corporation programs and to provide local match to obtain federal housing grants or programs. G. Public Input: Public input was solicited through face-to-face meetings with housing providers, social service providers and local lenders and neighborhood associations. Public input was solicited through the local newspaper in the advertising of the Local Housing Assistance Plan and the Notice of Funding Availability. H. Advertising and Outreach: SHIP funding availability shall be advertised in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding availability is required. I. Waiting List/Priorities: A waiting list will be established when there are eligible applicants for strategies that no longer have funding available. Those households on the waiting list will be notified of their status. Applicants will be maintained in an order that is consistent with the time completed applications were submitted as well as any established funding priorities as described in this plan. The following priorities for funding (very low income, Special Needs, etc.) described/listed here apply to all strategies unless otherwise stated in an individual strategy in Section II: 3 1040 First priority for funding in all strategies will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding in all strategies will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding in all strategies will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. J. Discrimination: In accordance with the provisions of ss.760.20-760.37, it is unlawful to discriminate on the basis of race, color, religion, sex, national origin, age, handicap, or marital status in the award application process for eligible housing. K. Support Services and Homeownership Counseling: Support services and homeownership counseling are available from various sources including in-person and online opportunities. The County recommends seeking such services through a HUD-approved agency, if warranted and/or needed. Available support services may include, but are not limited to: Homeownership Counseling (Pre and Post Purchase), Credit Counseling, Tenant Counseling, Foreclosure Counseling and Transportation. The County recommends and encourages these services and counseling courses; however, does not require these services in order to be financially assisted. L. Purchase Price Limits:The sales price or value of new or existing eligible housing may not exceed 90% of the average area purchase price in the statistical area in which the eligible housing is located. Such average area purchase price may be that calculated for any 12-month period beginning not earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and existing units, which can be lower but may not exceed 90% of the average area purchase price established by the U.S. Treasury Department or as described above. The methodology used is: U.S.Treasury Department x Local HFA Numbers M. Income Limits, Rent Limits and Affordability: The Income and Rent Limits used in the SHIP Program are updated annually by the Department of Housing and Urban Development and posted at www.floridahousing.org. "Affordable"means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections 420.9071, F.S. However, it is not the intent to limit an individual household's ability to devote more than 30% of its income for housing, and housing for which a household devotes more than 30% of its income shall be deemed Affordable if the first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30%benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. N. Welfare Transition Program: Should an eligible sponsor be used, a qualification system and selection criteria for applications for Awards to eligible sponsors shall be developed, which includes a description that demonstrates how eligible sponsors that employ personnel from the Welfare Transition Program will be given preference in the selection process. O. Monitoring and First Right of Refusal: In the case of rental housing, the staff and any entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely 4 1041 on such monitoring and determination of tenant eligibility. However, any loan or grant in the original amount of $10,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored annually for no less than 15 years or the term of assistance whichever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before 15 years or that have remaining mortgages funded under this program must give a first right of refusal to eligible nonprofit organizations for purchase at the current market value for continued occupancy by eligible persons. P. Administrative Budget: A line-item budget is attached as Exhibit A. The county finds that the moneys deposited in the local housing assistance trust fund are necessary to administer and implement the local housing assistance plan. Section 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code, states: "A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan." Section 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code,further states: 'The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(19), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs." The applicable local jurisdiction has adopted the above findings in the resolution attached as Exhibit E. Q. Program Administration: Administration of the local housing assistance plan will be performed by: Entity Duties Admin. Fee Percentage Local Government Monroe County Social Services Department 10% Third Party Entity/Sub-recipient N/A R. First-time Homebuyer Definition: For any strategies designed for first-time homebuyers, the following definition will apply: An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers). A single parent who has only owned a home with a former spouse while married. An individual who is a displaced homemaker and has only owned with a spouse. An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations. An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure. S. Project Delivery Costs: Currently, no strategies and/or specific activities are authorized to incur Project Delivery Costs ("PDC"). Unless otherwise specified within the strategy as listed in Section II. T. Essential Service Personnel Definition (ESP): ESP includes, but is not limited to, teachers, educators, other school district personnel, community college and university employees, police, fire, and emergency medical services, and paramedic personnel, health care personnel, government personnel, active military servicemember, military veteran, service industry personnel, and skilled building trades personnel. U. Describe efforts to incorporate Green Building and Energy Saving products and processes: Consideration will be given to those sponsors who demonstrate innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities 5 1042 or insurance, rehabilitation of existing homes to greatly reduce the carbon footprint of building new homes; installation of storm shutters and high impact windows and doors; installation of new energy saving rated appliances; etc. V. Describe efforts to meet the 20% Special Needs set-aside: The Monroe County SHIP office in conjunction with Monroe County Social Services, utilize their existing applicant list in addition to continuous advertising on the Monroe County website for ongoing homebuyer assistance and homeowner rehabilitation assistance funding countywide. W. Describe efforts to reduce homelessness: The SHIP program provides owner occupied rehabilitation assistance to the extremely low, very-low, low, and moderate income recipients/applications of Monroe County reducing the risk of those homeowners becoming homeless. X. Exemption to Statutory Set-Asides: Under Senate Bill 1456 enacted on May 31, 2024, Monroe County, a designated area of state critical concern, is exempt from the income set-asides set forth in Section 420.9075 (5), Fla. Stat.This exemption sunsets on June 30, 2029. Y. Settlement/Write-off in the Event of Foreclosure:The SHIP Administrator, or designee, has the discretion to recommend settlement of a SHIP mortgage lien in a pending foreclosure case, where the SHIP mortgage lien is junior to the foreclosing party's lien.The Monroe County SHIP program does not prohibit the County from voluntarily reducing the SHIP mortgage lien to settle the pending legal matter.The reduced payment will be reported as part of the Program Income (event type: foreclosure)for loan repayment for that close-out year. Z. Modular Homes: Modular homes are built in a factory and built to the Florida Building Code. Modular Homes built to the current Florida Building Code are eligible for SHIP assistance.To receive SHIP assistance modular home must be affixed upon permanent foundation.The recipient must own both the home and the land upon which the mobile/manufactured home is affixed. AA.Mobile/Manufactured Homes: Mobile homes are licensed and built to standards as provided by the U.S. Department of Transportation, and Florida Department of Highway and Motor Vehicle Safety. "Mobile/Manufactured Home" means a structure, transportable in one (1) or more sections, which is eight body feet (8') or more in width, greater than four hundred (400) square feet and which is built on an integral chassis and designed to be used as a dwelling when connected to the required utilities and includes the plumbing, heating, air conditioning and electrical systems contained herein. Mobile/Manufactured Homes built after December 1, 2005, and meet the required standards are eligible for SHIP assistance. To receive SHIP assistance mobile/manufactured home must be affixed upon permanent foundation. The recipient must own both the home and the land upon which the mobile/manufactured home is affixed. BB. Reserved Rights of the County: For the protection, sustainability, and vitality of the Monroe County SHIP, the SHIP Administrator, or designee, may reevaluate any application for eligibility that has the following unique financial commitments or obligations, either existing or reasonably foreseeable in the proximate SHIP transaction, whereby the transition is not financially viable. For example, reevaluation of eligibility may occur when the following circumstances exist: three (3) or more funding sources are required for a home purchase, not including the County's SHIP contribution; reverse mortgage exists on the property; fraudulent or misrepresentations within the transaction; the debt to income ratio for household expenditures exceeds 45% of the annual gross household income; or any combination of SHIP funding already expended upon the property and not yet satisfied/forgiven. Note: The SHIP mortgage amount shall not to be included in the debt to income ratio for household expenditures for purposes of additional review of eligibility determination based on expenditures to income comparison. 6 1043 Section II. LHAP Strategies: A. HOMEBUYER ASSISTANCE Code 1 a. Summary of Strategy: Funding assistance for the purchase or construction of a single-family, residential, owner-occupied property, including condominiums,townhouses, mobile/manufactured homes (built after December 1, 2005), and modular homes. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served: Very low, low, moderate, and households up to 140%AMI d. Maximum award: $65,000.00 e. Terms: 1. Deferred Loan: Secured by a recorded note and mortgage 2. Interest Rate: 0 3. Years in loan term: 30 4. Forgiveness: The loan balance will be forgiven at the start of Year Fifteen (15) 5. Repayment: Full payment upon default occurring prior to Year 15; otherwise, none due as long as the loan is in good standing. 6. Default:The loan will be due and payable in full upon maturity, sale, rental or transfer of the property, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption, foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to the heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. f. Recipient Selection Criteria: Eligible applicants will receive assistance on a "First Qualified, First Served" basis with the following priorities. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). Applications for Homebuyer Assistance must include: 1. A contract for the purchase of an existing housing unit or one under construction. An "under construction" housing unit shall be defined as having a building permit and pilings/foundation complete and inspected. 2. A lending institution pre-qualification letter for the amount to be financed which may assume up to a $65,000.00 SHIP loan. 7 1044 3. An affidavit from the Seller in the event this is a unit under construction, indicating the delivery date of the housing unit(cannot be more than five months from the date of the SHIP approval). Applicants who fail to submit complete applications, who do not meet SHIP threshold requirements or cannot close due to financing or any other reason, may not reapply for SHIP assistance until the following application cycle. g. Sponsor Selection Criteria: N/A h. Additional Information: 1. Buyer(s) must contribute a minimum of one percent (1%) of the sales price as a cash contribution to the purchase. The 1% may be comprised of title insurance, appraisals, inspections and/or closing costs. 2. Property must meet minimum health and safety standards as defined under the U.S Department of Housing and Urban Development's Housing Quality Standards (HQS). Any HQS deficiencies must be corrected prior to or as part of the purchase transaction. In the case of new construction, a Certificate of Occupancy (CO) may be substituted for the HQS inspection. Mortgage loans to public entities, which retain ownership of the land under the terms of a ground lease, shall extend to the improvements. 3. Homes must be financed utilizing funding from a federally insured financial institution subject to the limited exceptions described herein. The County may authorize the following exceptions: 1) non-profits entities that are self-funded; or 2) other financing issued by a non-federally insured financial institution as approved in writing by the SHIP Administrator, or designee, with the condition that the SHIP Mortgage is issued as the first mortgage, with superior priority to any other funding source. 4. When a State or Federal funding source is used, Monroe County SHIP mortgage may be in a junior position to any additional State or Federal funding source. Monroe County SHIP will maintain a superior mortgage position to any other municipalities' contribution to the transaction. 5. Monroe County SHIP may subordinate to primary mortgage refinancing pursuant to Monroe County Board of County Commissioner's Resolution No. 078-2002, as may be amended from time to time. Consistent with the current Resolution, the following conditions must exist: i) the proposed primary mortgage loan has a rate or other terms that are an improvement in the rate or terms of the existing primary mortgage loan; ii) the amount of the new refinanced mortgage does not exceed the amount of the existing primary mortgage payoff and the closing costs as documented on the ALTA settlement statement; and iii) the sum of the proposed primary mortgage and the existing SHIP mortgage loan does not exceed 105%of the value of the property as reflected on a property appraisal. 6. No assumptions (or assignments) are allowed for existing SHIP Homebuyer Mortgage Loans except as otherwise provided herein (i.e. death of the last surviving homeowner/resident heir ownership). 7. SHARED APPRECIATION PROVISION: All SHIP funds under this strategy are subject to a mortgage that shall contain recapture provisions which provides for shared appreciation between the buyer(s) and the Monroe County SHIP Program. The amount due to Monroe County upon sale or transfer of the property shall be calculated by adding the sum of the principal balance of the SHIP loan plus a percentage of the appreciated value of the Property as determined under the shared appreciation scale below ("Shared Appreciation Scale"). The Shared Appreciation Value shall be calculated as the difference between the original purchase price of the Property and the sales price, minus the documented value of any permitted improvements made to the Property. Documented improvements for the Property are those represented on the Monroe County Property Appraiser's website. Housing units constructed utilizing Affordable 8 1045 Housing Building Permits or properties subject to Affordable (or Workforce) Housing Deed Restrictions, which restrict the appreciation of the Property's value, shall not be subject to the Shared Appreciation Provision. Shared Appreciation Scale When the SHIP Loan is subject to Shared Appreciation repayment pursuant to this Section, the amount due to Monroe County will include a percentage of the appreciated value as outlined in the following Schedule: Year Sold/Transferred (within the listed year) Shared Percentage 1st 50 nd 50% rd 50 th 50% 5th 50 6th 45 th 40% th 35 9th 30 10th 25 11th 20% 12th 15 13t" 10 14t" 5 15t"+ 0 9 1046 B. OWNER OCCUPIED REHABILITATION Code 3 a. Summary: Funding assistance for owner occupied housing rehabilitation, with/or without leveraging funds through the Weatherization Assistance Program. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served:Very low, low, moderate, and households up to 140%AMI d. Maximum award: $35,000.00 e. Terms: 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded note and mortgage 2. Interest Rate: 0% 3. Years in loan term: Twenty(20)years 4. Forgiveness: The loan balance will be forgiven during years ten (10)through twenty (20) at the rate of ten (10) % per year. 5. Forgiven at maturity. 6. Repayment: None due as long as the loan is in good standing. 7. Default: The loan will be due and payable in full upon in the event of, rental, sale or transfer of the property before the maturity date, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption, foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. f. Eligible applicants will receive assistance on a "First Qualified, First Served" basis according to the below priorities. g. Recipient Selection Criteria: First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). h. Contractor Selection Criteria: Contractors will be selected in a manner consistent with the Monroe County Purchasing Policy Manual. Contractors may be for-profit or non-for-profit entities. The County may also utilize the County's Contractor Library or Contractor Pool, wherein contractors must demonstrate the necessary knowledge, license(s), qualifications, capability of providing the requested deliverables, capacity based on other current/active agreements with County, and other criteria listed in the Request For Proposals/Qualifications. These criteria shall be used to score the proposal/qualifications 10 1047 submitted in response to the RFP/RFQ. Monroe County shall award the work to the Contractor that is determined to be most advantageous to the SHIP Program with price and other factors considered. i. Additional Information: 1. For the purpose of this strategy, the standard for rehabilitation is defined as those improvements necessary for the subject unit to meet the U.S. Department of Housing and Urban Development's Housing Quality Standards (HQS). 2. All households receiving rehabilitation assistance under this strategy are not eligible for additional SHIP funding for a period of three (3)years from closeout of grant/loan. 3. Best practice is to wait three (3) days from the date that the SHIP mortgage/note is signed before commencing Rehabilitation Work pursuant to this strategy. 4. SHIP Funds allocated for this strategy may be leveraged with private funds, Community Development Block Grant (CDBG), other federal funds, other state funds, or other local funds. 5. Mobile Homes/Manufactured Units may be eligible for assistance under this program. To be eligible mobile homes/manufactured units must meet the following requirements: a. The Mobile Home/Manufactured Unit and the land on which it is located must be owned by the same person; b. The Mobile Home/Manufactured Unit must be affixed to the land with permanent foundation on which it is located; and c. The applicable governmental authority (that issues Building Permits, and when applicable, enforces land use/development regulations) must confirm in writing that the unit has obtained all relevant permits and conforms to applicable land use/development regulations. 6. The home, for which an applicant is receiving SHIP funds, must be homesteaded and owner occupied as their primary residence for a minimum of twelve (12) months prior to application submission. Eligible forms of ownership may be: a. Fee simple title, b. An equivalent form of ownership approved by HUD, or C. Other applicable documents, as determined by the SHIP Administrator or designee. 7. Where the scope of work produces bids greater than the maximum award amount authorized by this strategy,the scope of work will be reduced and Contractors may re-bid. 11 1048 C. OWNER OCCUPIED DISASTER RELIEF I Code 5, 16 a. Summary: Funds will be awarded to owner occupied homeowners and/or displaced individuals to provide immediate disaster relief, repair of existing homes, or purchase assistance required to purchase or replace demolished homes as a result of an emergency or disaster which has been declared by executive order(s) signed by the President of the United States of America or the Governor of the State of Florida. This strategy will only be funded and implemented in the event of a disaster using any funds that have not yet been encumbered or with additional disaster funds allocated by Florida Housing Finance Corporation. SHIP disaster funds may be used for items such as, but not limited to: (a) Purchase of emergency supplies for eligible households to weatherproof. (b) Purchase and/or replacement housing unit. (c) Interim repairs to avoid further damage; tree and debris removal required to make the individual housing unit habitable. (d) Construction of wells or repair of existing wells where public water is not available. (e) Payment of insurance deductibles for rehabilitation of homes covered under homeowners' insurance policies. (f) Security deposit for eligible recipients that have been displaced from their homes due to disaster. (g) Rental assistance for eligible recipients that have been displaced from their homes due to disaster. (h) Any strategy included in the approved LHAP that benefits applicants directly affected by the declared disaster. (i) Other activities as proposed by Monroe County and approved by the Florida Housing Finance Corporation. b. Fiscal Years Covered: 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served: Very low, low, moderate, and households up to 140%AMI d. Maximum award: $35,000 e. Terms: 1. Repayment loan/deferred loan/grant: Secured by a recorded note and mortgage 2. Interest Rate: 0% 3. Years in loan term: Ten (10) 4. Forgiveness: The loan balance will be forgiven during years six (6) through ten (10) at the rate of twenty (20) % per year. 5. Repayment: None due as long as the loan is in good standing. 6. Default: The outstanding loan balance will be due and payable in full upon the rental, sale or transfer of the property, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as the heir can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to the heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. 12 1049 f. Recipient Selection Criteria: Applications processed on a "First Qualified, First Served" basis. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low- Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). g. Contractor Selection Criteria: Contractors will be selected in a manner consistent with the Monroe County Purchasing Policy Manual. Contractors may be for-profit or non-for-profit entities. The County may also utilize the County's Contractor Library or Contractor Pool, wherein contractors must demonstrate the necessary knowledge, license(s), qualifications, capability of providing the requested deliverables, capacity based on other current/active agreements with County, and other criteria listed in the Request For Proposals/Qualifications. These criteria shall be used to score the proposal/qualifications submitted in response to the RFP/RFQ. Monroe County shall award the work to the Contractor that is determined to be most advantageous to the SHIP Program with price and other factors considered h. Additional Information: Eligible costs include all hard and soft costs associated with the rehabilitation of the property. 13 1050 D. HOMEOWNER SEWER LATERAL CONNECTION I Code 3 a. Summary: Funding assistance for sewer lateral connections for owner occupied properties, to include condominiums and townhouses. b. Fiscal Years Covered: : 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served: Very low, low, moderate, and households up to 140%AMI d. Maximum award: $8,000.00 e. Terms: 1. Repayment loan/deferred loan/grant: Secured by a recorded note and mortgage 2. Interest Rate: 0 3. Years in loan term:Ten (10) 4. Forgiveness: Forgiven at maturity 5. Repayment: None due as long as the loan is in good standing. 6. Default: The outstanding balance shall be due and payable upon rental, sale, transfer, or failure to comply with the terms of the SHIP mortgage, loss of homestead exemption, foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1) year of the death of the last surviving homeowner and the first mortgagee consents to the heir assuming the SHIP loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on the title and holds a homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions of the SHIP Loan. f. Recipient Selection Criteria: Applications processed on a "First qualified, First Served" basis. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low- Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). g. Contractor Selection Criteria: Contractors will be selected in a manner consistent with the Monroe County Purchasing Policy Manual. Contractors may be for-profit or non-for-profit entities. The County may also utilize the County's Contractor Library or Contractor Pool, wherein contractors must demonstrate the necessary knowledge, license(s), qualifications, capability of providing the requested deliverables, capacity based on other current/active agreements with County, and other criteria listed in the Request For Proposals/Qualifications. These criteria shall be used to score the proposal/qualifications submitted in response to the RFP/RFQ. Monroe County shall award the work to the Contractor that is determined to be most advantageous to the SHIP Program with price and other factors considered h. Additional Information: 1. Best practice is to wait three (3) days from the date that the SHIP mortgage/note is signed before commencing Sewer Lateral Work pursuant to this strategy. 14 1051 2. SHIP Funds allocated for this strategy may be leveraged with private funds, Community Development Block Grant (CDBG), other federal funds, other state funds, or other local funds. 3. Mobile Homes/Manufactured Units may be eligible for assistance under this program. To be eligible mobile homes/manufactured units must meet the following requirements: a. The Mobile Home/Manufactured Unit and the land on which it is located must be owned by the same person; b. The Mobile Home/Manufactured Unit must be affixed to the land with permanent foundation on which it is located; and c. The applicable governmental authority (that issues Building Permits, and when applicable, enforces land use/development regulations) must confirm in writing that the unit has obtained all relevant permits and conforms to applicable land use/development regulations. 15 1052 E. AFFORDABLE RENTAL CONSTRUCTION/REHABILITATION I Code 14, 21 a. Summary: Funds provided for the construction or rehabilitation of affordable rental housing units. b. Fiscal Years Covered: : 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served:Very low, low, moderate, and households up to 140%AMI d. Maximum award: $40,000.00 per unit e. Terms: 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded promissory note, mortgage, SHIP Developer Agreement, and Land Use Restriction Agreement(LURA). 2. Interest Rate: 0% Non Profit—3% For Profit 3. Years in loan term: Fifteen (15) 4. Forgiveness: Not-for-Profit entities, full loan amount forgiven at maturity. For-Profit entities, full loan amount due at maturity. 5. Repayment: None due as long as the loan is in good standing 6. Default: Due and payable in full upon sale or transfer of the property or failure to comply with the terms of the SHIP Agreements, as detailed herein, or Land Use Restriction Agreement (LURA). SHIP set aside units assisted under this strategy must maintain rents that do not exceed the rent maximums published annually by the Florida Housing Finance Corporation. SHIP recipients that offer rental housing for sale within fifteen (15) years of the SHIP award must give a right of first refusal to eligible non-profit organizations for purchase at the current market value for continued occupancy by eligible persons. f. Recipient/Tenant Selection Criteria: Eligible residents will be selected on a "First Qualified, First Served" basis. Depending on the unique features/nuances of each individual project funded under this strategy, Monroe County SHIP's overarching goal is to provide availability of rental units as a first priority to eligible applicants who meet both the definitions of Special Needs (Section 420.0004 (13), Fla. Stat.) and Very Low-Income; then as a second priority to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income; then as a third priority to eligible applicants that meet the definition of Essential Service Personnel, as defined herein; then as a fourth priority to applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income (lower is higher in priority). g. Sponsor/Developer Selection Criteria: An eligible Sponsor/Developer is defined as a for profit, non-profit, or government entity that applies for an award through the Request for Proposal process as set forth in the Monroe County's Purchasing Policy Manual. The eligible sponsor/developer must demonstrate the necessary capacity, knowledge, and experience to effectively provide the services and project delivery required under this strategy. Scoring criteria will be as set forth in the Request for Proposal(s), and will include, but not be limited to: demonstrating knowledge/experience on how to conduct the State Housing Initiatives Partnership income certification process and capability to monitor/maintain the intended occupancies for the length of the award (at minimum); utilize innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities, or insurance; SHIP funding request per unit, overall number of units to be reserved or used for affordable rentals, longest period of affordability, and geographic location of the site to provide new 16 1053 availability/offerings to underserved areas of affordability housing within the County, etc. Additional points will be established in the selection process for the Eligible Sponsor/Developer that proposes to serve the below populations (as prioritized) for construction/rehab of units restricted for use by Special Needs recipients/applicants, and then followed by Very Low Income recipients/applications, and then followed by eligible applicants that meet the definition of Essential Service Personnel, as defined herein, and followed by Low Income recipients/applications, and last for the preservation of currently Assisted Housing Units. At the discretion of the SHIP Administrator, separate RFPs may be solicited pursuant to this strategy on a rotating basis; one for new construction and another for rehabilitation of existing affordable rental units in order to address the unique features of each type of project. h. Additional Information: All entities funded under this strategy will be required to execute and record a SHIP Developer Agreement and a Land Use Restriction Agreement (LURA) that ensures a minimum affordability period of fifteen (15)years. 17 1054 F. AFFORDABLE RENTAL DISASTER REHABILITATION RELIEF I Code 16 a. Summary: Funds will be provided for the rehabilitation of affordable rental units affected by a disaster as declared by executive order signed by the President or Governor. b. Fiscal Years Covered: : 2025-2026, 2026-2027, 2027-2028 C. Income Categories to be served:Very low, low, moderate, and households up to 140%AMI d. Maximum award: $35,000.00 per unit e. Terms : 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded note, mortgage, and SHIP Developer Agreement and Land Use Regulations Agreement. 2. Interest Rate: 0 3. Years in loan term: Fifteen (15) 4. Forgiveness: The loan balance will be forgiven at maturity. 5. Repayment: None due if the loan is in good standing. 6. Default: Principal and interest shall be due upon the sale or transfer of the property. If during the affordability period the property is sold or transferred to an eligible nonprofit organization approved by the County that agrees to execute all SHIP loan documents for the affordability period originally specified, no payment is due on the loan. f. Recipient/Tenant Selection Criteria:Tenants will be processed on a "First Qualified, First Served" basis. First priority for funding will be given to eligible applicants that meet both the definitions of Special Needs (Section 420.0004(13), Fla. Stat.) and Very Low-Income. Second priority for funding will be given to eligible applicants that meet the definitions of either Special Needs (Section 420.0004 (13), Fla. Stat.) or Very Low-Income. Third priority for funding will be given to eligible applicants that meet the definition of Essential Service Personnel, as defined herein. Applicants who do not fall into the above categories and who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income. g. Sponsor/Developer Selection Criteria: Sponsors/Developers will be selected pursuant to the processes outlined within the Monroe County Purchasing Policy Manual for emergencies. Priority among Sponsor/Developers qualifying under this strategy will be assigned based on the below populations residing in the units affected by the disaster, in the following order: 1) Special Needs recipients/applicants, 2) Very Low Income recipients/applications, 3) eligible applicants that meet the definition of Essential Service Personnel, as defined herein, and 4) eligible recipients/applicants that do not fall into the above categories and who have been determined to be income eligible for program assistance prioritized based on their income (lower is higher in priority). h. Additional Information: Eligible costs include all hard and soft costs associated with the rehabilitation of the property. 18 1055 III. LHAP Incentive Strategies In addition to the required Incentive Strategy A and Strategy B, include all adopted incentives with the policies and procedures used for implementation as provided in Section 420.9076, F.S.: A. Name of the Strategy: Expedited Permitting Permits as defined in s. 163.3177 (6) (f) (3) for affordable housing projects are expedited to a greater degree than other projects. Established policy and procedures: The Monroe County Year 2030 Comprehensive Plan and Land Development Code and Code of Ordinances establish procedures for expediting the development of affordable housing projects. Provide a description of the procedures used to implement this strategy: Affordable housing permit applications are not required to go through the competitive ROGO (Rate of Growth Ordinance) process. Additionally, any development order or development permit for affordable housing receives priority in processing and review of applications and permits, per Section 9-2(b) of the Monroe County Code. Responsible Agency: Monroe County Building Department and Planning & Environmental Resources Department B. Name of the Strategy: Ongoing Review Process An ongoing process for review of local policies, ordinances, regulations and plan provisions that increase the cost of housing prior to their adoption. Established policy and procedures: 1. Section 9-3 of the Monroe County Code states: All ordinances, policies, resolutions, regulations, and comprehensive plan provisions (regulations) that may affect the cost of housing including those regarding infrastructure, permitting, impact fees, or development process and approvals shall be reviewed by the growth management director, the planning director, the building official and the finance or budget director. The assessment shall evaluate whether the new regulation does, in fact, affect the cost of housing including affordable housing. Such evaluation shall be addressed in the staff report to the board of county commissioners. Responsible Agency: Monroe County Planning & Environmental Resources and Monroe County Building Department 2. The County allows applicants to apply to the Board of County Commissioners to waive building permit application fees for affordable housing (Section 6-108(e), Monroe County Code). Responsible Agency: Monroe County Building Department 3. The adopted Fee Resolution for the Planning & Environmental Resources Department provides that there shall be no application or other fees, except advertising and noticing fees, for affordable housing projects, except that all applicable fees shall be charged for applications for all development approvals required for any development under Sec. 139-2(b) 19 1056 (Transfer of ROGO Exemptions from Mobile Home Parks) and for applications for variances to setback, landscaping and/or off-street parking regulations associated with an affordable housing development. Responsible Agency: The Monroe County Planning and Environmental Resources Department and Monroe County Building Department Other Incentive Strategies Adopted: C. Name of Strategy: Modification of Impact Fee Requirements Established policy and procedure: The County waives impact fees for all affordable housing permits, pursuant to Comprehensive Plan Policy 601.1.12, Section 139-1(b)(4) and Chapter 126 of the Land Development Code. Monroe County Comprehensive Plan Policy 601.1.12: Monroe County shall annually monitor the eligibility of the occupants of housing units which have received special benefits, including but not limited to those issued under the affordable housing provisions specified in the Land Development Code or those issued through the Permit Allocation System. If occupants no longer meet the eligibility criteria specified in the Plan and in the Land Development Code, and their eligibility period has not expired, then Monroe County may take any one or a combination of the following actions: 1. require the payment of impact fees, if they were waived; 2. proceed with remedial actions through the Department of Code Compliance, as a violation of the Monroe County Code; 3. take civil court action as authorized by statute, common law, or via agreement between an applicant and the County; and/or 4. require the sale or rental of the unit(s) to eligible occupants. Monroe County Code Chapter 126 — Impact Fees, Section 126-4(h)(6): Type of Development Not Affected. ... (6) Affordable or employee housing units (as defined in section 101-1) for which a deferred payment of impact fees has been recorded in the chain of title. Monroe County Code Section 139-1 Affordable and employee housing; administration: 139- 1(b)(4) The requirements of this Land Development Code for the provision of impact fees shall be waived for affordable and employee housing and any market rate housing developed in accordance with subsection (b)(8) of this section. Responsible Agency: Monroe County Building Department and Planning & Environmental Resources Department D. Name of Strategy: Flexibility in Densities for Affordable Housing Established policy and procedures: 1) Pursuant to Sections 130-157 and 139-1(b)(1) of the Land Development Code, the following density bonuses are allowed for affordable and employee housing: a Maximum Net Density of 25 dwelling units per buildable acre for land within an Urban Residential (UR) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Mixed Use (MU) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Suburban Commercial (SC) land use district; and a Maximum Net Density of 12 dwelling units per buildable acre for land within an Urban Commercial (UC) land use district. 20 1057 Responsible Agency: Monroe County Planning & Environmental Resources Department 2) Pursuant to Section 139-1(b)(2) of the Land Development Code, the maximum net residential density allowed per district and by this section shall not require Transferable Development Rights (TDR) for affordable and employee housing and market rate housing developed in accordance with subsection (b)(8) of this section. This allows a higher density for affordable and employee housing without the transfer and retirement of additional density. 3) Pursuant to Section 139-1(b)(5), the County allows the construction of affordable housing units on nonresidential sites, including hotel/motel density development, without deducting from the commercial floor area allowed when calculating density, any existing lawfully established or proposed affordable or employee housing on a parcel and the floor area thereof shall be excluded from the calculation of the total gross nonresidential floor area). Providing a 'density bonus' for the development of affordable or employee housing on the site with the nonresidential use. Responsible Agency: Monroe County Planning & Environmental Resources Department E. Name of Strategy: Reservation of Infrastructure Capacity for Affordable Housing Established policy and procedure: Monroe County prepares an annual Public Facilities Capacity Report. This Report indicates that there is sufficient infrastructure capacity to accommodate the needs of County residents. Responsible Agency: Monroe County Planning & Environmental Resources Department F. Name of Strategy: Allowance of Affordable Accessory Residential Units in Residential Zoning Districts Established policy and procedure: Additions and accessory bedrooms may be permitted on developed parcels as an accessory use/structure. The accessory use/structure must be consistent with existing density and Rate of Growth Ordinance (ROGO) requirements specified within the Land Development Code and the Monroe County Comprehensive Plan. Accessory uses/structures do not include second dwelling units, guest houses, lock-outs or any other potentially habitable structures that are occupied by a separate and independent resident/household. Responsible Agency: Monroe County Planning & Environmental Resources Department G. Name of Strategy: Reduction of parking and setback requirements for affordable housing Established policy and procedure: Pursuant to Sections 102-186 and 102-187, off-street parking requirements may be granted variances if the requisite criteria can be met. Pursuant to Section 131-3(c), any required off-street parking spaces may be located on an accessory driveway within the front yard setback on a parcel developed exclusively with a residential use, provided it does not occupy more than 60 percent of the required front yard setback area and any vehicle utilizing such an off-street parking space shall be properly licensed and operable. 21 1058 Responsible Agency: Monroe County Planning & Environmental Resources Department H. Name of Strategy:Allowance of Flexible Lot Configurations Established policy and procedure: Monroe County allows flexible lot configurations to the extent setback and buffer yard requirements are met. Pursuant to Sections 102-186 and 102-187, variances to setback and buffer yard requirements may be granted if the requisite criteria can be met. Pursuant to Sections 110-110 and 110-111 of the Land Development Code, there is a process to request a lot line adjustment for lots in a duly recorded lot as shown on a plat approved by the County. The resulting lots configured in the lot line adjustment process must meet the minimum requirements for a building site pursuant to the Land Development Code and Comprehensive Plan. All resulting lots will conform to the site development standards of the applicable zoning district. Responsible Agency: Monroe County Planning & Environmental Resources Department I. Name of Strategy: Modification of Street Requirements Established policy and procedure: Monroe County allows internal street configurations that meet life safety criteria. Responsible Agency: Monroe County Planning & Environmental Resources Department & Engineering Department J. Name of Strategy: Inventory of County Owned Property Suitable for Affordable Housing Established policy and procedures: Pursuant to Section 125.379, Florida Statutes, the County has prepared and will continue to provide an inventory of possible sites suitable for affordable housing. (Comprehensive Plan Policy 601.1.3) On April 21, 2021, the Monroe County BOCC reviewed the updated inventory of County owned sites which may be appropriate for use as affordable housing. The inventory includes two developed parcels and two vacant parcels. The two developed parcels were also included in the 2015 approved inventory. The two vacant parcels were deeded to Habitat for Humanity in June 2022 for the development of affordable housing. Responsible Agency:The Clerk of Court has the list of properties approved by the Board of County Commissioners in Resolution 167-2021. Monroe County Planning & Environmental Resources Department. K. Name of Strategy: Support development near transportation hubs and major employment centers and mixed use developments Established policy and procedures: 1) Pursuant to Sections 130-157 and 130-139(b)(1) of the Land Development Code, the following density bonuses are allowed for affordable and employee housing within zoning districts that allow commercial and mixed use development: a Maximum Net Density of 18 dwelling units per buildable acre for land within a Mixed Use (MU) land use district; a 22 1059 Maximum Net Density of 18 dwelling units per buildable acre for land within a Suburban Commercial (SC) land use district; and a Maximum Net Density of 12 dwelling units per buildable acre for land within an Urban Commercial (UC) land use district. Responsible Agency: Monroe County Planning & Environmental Resources Department 2) Livable CommuniKeys Plans (LCP) have been adopted by the Board of County Commissioners for Key Largo, Tavernier, Big Pine Key and No Name Key, Stock Island, and the Lower Keys. These LCPs identify activity centers that encourage the development of affordable housing near identified mixed use and employment centers. Proposed amendments to the Land Development Code also incorporate these areas as community center zoning overlay districts. Responsible Agency: Monroe County Planning & Environmental Resources Department 3) Policy 601.1.5 of the Monroe County Comprehensive Plan states: If Monroe County funding, or if County-donated land is to be used for any affordable housing project, alternative sites shall be assessed according to the following guidelines: 4. Proximity to employment and retail centers. Sites within five miles of employment and retail centers shall be preferred. [9J-5.010(3)(c)(5)] Responsible Agency: Monroe County Planning & Environmental Resources Department 4) Pursuant to Section 114-15 of the Land Development Code, nonresidential and multi- family uses generating over two thousand (2,000) trips per day shall be developed to encourage mass transit, by including features such as: transit facilities, including covered bus shelters, pedestrian/bicycle paths, bicycle racks, carpool facilities, adequate turning radii for large vehicles, and pedestrian access to adjacent nonresidential and multi-family uses. Responsible Agency: Monroe County Planning & Environmental Resources Department L. Name of Strategy: Inclusionary Housing Residential Established policy and procedure: Per Section 139-1(e)(2) of the Land Development Code: a. Residential developments, other than mobile home or mobile home spaces covered by subsection (e)(2)b. of this section, that result in the development or redevelopment of three (3) or more dwelling units on a parcel or contiguous parcels shall be required to develop or redevelop at least 30 percent of the residential units as affordable housing units. Residential development or redevelopment of three (3) units on a parcel or contiguous parcels shall require that one (1) developed or redeveloped unit be an affordable housing unit. For the purpose of this section, and notwithstanding subsection (e)(2)b. of this section, any dwelling unit exceeding the number of lawfully established dwelling units on site, which are created by either a THE or ROGO allocation award, shall be considered developed units. b. The removal and replacement with other types of dwelling units of ten (10) or more mobile homes that are located on a parcel or contiguous parcels and/or the conversion 23 1060 of mobile home spaces located on a parcel or contiguous parcels into a use other than mobile homes shall be required to include in the development or redevelopment a number of affordable housing units equal to at least 30 percent of the number of existing units being removed and replaced or converted from mobile home use or, in the event the new use is nonresidential, to develop affordable housing units at least equal in number to 30 percent of the number of mobile homes or mobile home spaces being converted to other than mobile home use. Removal and replacement or conversion to a different use of ten (10) mobile homes or mobile home spaces on a parcel or contiguous parcels shall require that three (3) units be replaced or converted to deed-restricted affordable housing. c. In calculating the number of affordable housing units required for a particular project, or phase of a project, all dwelling units proposed for development or redevelopment or mobile homes or mobile home spaces to be converted from mobile home use shall be counted. In phased projects, the affordable housing requirements shall be proportionally allocated among the phases. If a subsequent development or redevelopment is proposed following a prior development approved on the same property as it existed as of the effective date of the ordinance (ORD 030-2003, 017- 2006, 011-2008 and 006-2016) from which this section is derived, which prior development did not meet the compliance thresholds set forth in subsection (e)(2)a. or (d)(2)b. of this section, the requirements of subsection (e)(2)a. or (e)(2)b. of this section shall be met as part of the subsequent development for all units proposed for development or redevelopment. Nonresidential and Transient Ordinance 001-2021 was adopted by the Monroe County BOCC on February 17, 2021 which created an inclusionary housing requirement to address nonresidential and transient development to ensure that affordable housing is provided to the local workforce by employee generating development proportionate with the need for affordable workforce housing it creates. The established policy and procedure is set forth in Section 139-1(f) of the Land Development Code. The intent of the section is to ensure that there is an affordable supply of housing for the local workforce. This will be accomplished by requiring workforce housing be provided for all new development and redevelopment in an amount proportionate to the need for affordable workforce housing that the nonresidential and transient use development or redevelopment creates. The intent of this subsection is to permit nonresidential and transient use owners to continue to establish uses consistent with the current building and safety standards and to ensure that as development and redevelopment occurs, comprehensive plan policies regarding affordable housing are implemented. The technical support and analysis upon which the nonresidential inclusionary housing requirements are established are based upon the `Affordable Workforce Housing Support Study for Non-Residential Development/ prepared by Clarion Associates, LLC, prepared in June 2017. Responsible Agency: Monroe County Planning & Environmental Resources Department Recommendation: Monroe County shall maintain land development regulations on inclusionary housing. M. Name of Strategy: Mobile Home Park Incentive Program 24 1061 Established policy and procedure: Section 139-2(b) of the Land Development Code establishes incentives for affordable housing development by allowing the transfer of market rate ROGO exemptions within the ROGO subarea from mobile home parks in exchange for maintaining an equal or greater number of deed-restricted affordable dwelling units within Monroe County. This program provides an eligible sender site owner the opportunity to transfer market rate ROGO exemptions currently associated with existing and lawfully established dwelling units from eligible sender sites to receiver site(s) within Monroe County, provided that it involves the pooling of affordable dwelling unit rights for redevelopment at donated, purchased or otherwise appropriately deed-restricted sites, and transfer of ROGO exemptions or allocations for the purpose of implementing and facilitating one or more affordable housing projects. Responsible Agency: Monroe County Planning & Environmental Resources Department N. Name of Strategy: Employee Housing, Commercial Apartments, and Workforce Housing as Permitted Uses Established policy and procedure: The Monroe County Land Development Code currently permits "Employee Housing" and/or "Commercial Apartments" in several Land Use (Zoning) Districts where residential units are not otherwise permitted. Per Section 101-1 of the code: Employee housing means an attached or detached dwelling unit that is intended to serve as affordable, permanent housing for working households, which derive at least 70 percent of their household income from gainful employment in the county and meet the requirements for affordable housing as defined in this section and as per section 130-161. Commercial apartment means an attached or detached residential dwelling unit located on the same parcel of land as a nonresidential use that is intended to serve as permanent housing for the owner or employees of that nonresidential use. The term does not include a tourist housing use or vacation rental use. Ordinance 001-2021 was adopted by the Monroe County BOCC on February 17, 2021 which created a definition for "workforce" and "workforce housing" as a part of a larger ordinance to create an inclusionary housing requirement to address nonresidential and transient development. The new Workforce housing use is interchangeable with the terms detached or attached dwellings, employee housing or commercial apartments included in the land use districts and shall be a permitted use in all land use districts where detached dwelling, attached dwellings, employee housing or commercial apartments are included as a current permitted use. The adopted definitions are consistent with the recommendation from the AHAC specified in Resolution 01-2016. Established definitions in LDC Section 101-1: Workforce means individuals or families who are gainfully employed supplying goods and/or services to Monroe County residents or visitors. Workforce Housing means dwelling units for those who derive at least 70% of their income as members of the Workforce in Monroe County and who meet the affordable housing income categories of the Monroe County Code. Workforce housing shall be interchangeable with the terms detached or attached dwellings, employee housing or commercial apartments included in the land use districts and shall be a permitted use in all land use districts where detached 25 1062 dwelling, attached dwellings, employee housing or commercial apartments are included as a current permitted use. An applicant choosing to develop workforce housing is subject to the requirements of Chapter 139 and all other requirements included in the land development code, including but not limited to, density, parking, bufferyards, access, etc. Responsible Agency: Monroe County Planning & Environmental Resources Department O. Name of Strategy: Purchase and Lease Back Program Established policy and procedure: The County has a purchase and lease-back program for affordable housing. Additionally, the County has actively participated in the federal and state grant opportunities made available after Hurricane Irma to acquire and redevelop mobile parks as workforce housing. The County has applied for a Community Development Block Grant- Disaster Recovery(CDBG-DR) grant to fund the property's purchase price and development costs. Responsible Agencies: Monroe County Land Development Authority; Monroe County Housing Authority and Monroe County Attorney's Office. 26 1063 Required A. Administrative Budget for each fiscal year covered in the Plan. Attached hereto as "Exhibit A." B. Timeline for Estimated Encumbrance and Expenditure. Attached hereto as "Exhibit B." C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the plan. Attached hereto as "Exhibit C." D. Signed LHAP Certification. Attached hereto as "Exhibit D." E. Signed, dated, witnessed or attested adopting resolution. Attached hereto as "Exhibit E." Optional F. Ordinance: (If changed from the original creating ordinance). N/A G. Interlocal Agreement (Required if applicable). N/A H. Other Documents Incorporated by Reference. N/A 27 1064 ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR Exhibit A Exhibit A(2025) MONROE COUNTY, FLORIDA Fiscal Year: 2025-2026 Estimated SHIP Funds for Fiscal Year: $ 663,805.00 Salaries and Benefits $ 61,900.00 Office Supplies and Equipment $ 3,000.00 Travel Per diem Workshops, etc. Advertising $ 1,450.00 Other* Total $ 66,350.00 Admin % 10.00% Fiscal Year 2026-2027 Estimated SHIP Funds for Fiscal Year: $ 663,805.00 Salaries and Benefits $ 61,900.00 Office Supplies and Equipment $ 3,000.00 Travel Per diem Workshops, etc. $ Advertising $ 1,450.00 Other* $ Total $ 66,350.00 Admin % 10.00% Fiscal Year 2027-2028 Estimated SHIP Funds for Fiscal Year: $ 663,805.00 Salaries and Benefits $ 61,900.00 Office Supplies and Equipment $ 3,000.00 Travel Per diem Workshops, etc. $ Advertising $ 1,450.00 Other* $ Total $ 66,350.00 Admin % 10.00% *All 'other" items need to be detailed here and are subject to review and approval by the SHIP review committee. Project Delivery Costs that are outside of administrative costs are not to be included here, but must be detailed in the LHAP main document. PAGE 27 1065 FY 2025-2028 Exhibit B Timeline for SHIP Expenditures MONROE COUNTY, FLORIDA affirms that funds allocated for these fiscal years will (local government) meet the following deadlines: Fiscal Year Encumbered Expended Closeout Report 2025-2026 6/30/2027 6/30/2028 9/15/2028 2026-2027 6/30/2028 6/30/2029 9/15/2029 2027-2028 6/30/2029 6/30/2030 9/15/2030 If funds allocated for these fiscal years is not anticipated to meet expenditure deadlines, Florida Housing Finance Corporation should be notified according to the following dates: Fiscal Year Funds Not Closeout AR Expended Not Submitted 2025-2026 3/30/2028 6/15/2028 2026-2027 3/30/2029 6/15/2029 2027-2028 3/30/2030 6/15/2030 Requests for Expenditure Extensions(close-out year ONLY) must be emailed to r�albeirtwdeairduffflfoiridalhousi�irri8: a!r8 and include: ........::.................i..................................i.................................��rc...................................................................................... 1. A statement that "(city/county) requests an extension to the expenditure deadline for fiscal year 2. The amount of funds that is not expended. 3. The amount of funds that is not encumbered or has been recaptured. 4. A detailed plan/timeline of how/when the money will be expended. Note:an extension to the expenditure deadline(June 30) does not relieve the requirement to submit (September 15) the annual report online detailing all funds that have been expended. Other Key Deadlines: AHAC reports are now due annually by December 31. Local governments receiving the minimum (or less) allocation may choose not to report. ACFR financial statements are due each June 30 for the report ending September 30 of the previous year. 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(2) All SHIP funds will be expended in a manner which will ensure that there will be no discrimination on the basis of race, color, national origin, sex, handicap, familial status, or religion. (3) A process to determine eligibility and for selection of recipients for funds has been developed. (4) Recipients of funds will be required to contractually commit to program guidelines and loan terms. (5) Florida Housing will be notified promptly if the local government/interlocal entity will be unable to comply with any provision of the local housing assistance plan (LHAP). (6) The LHAP provides a plan for the encumbrance of funds within twelve months of the end of the State fiscal year in which they are received and a plan for the expenditure of SHIP funds including allocation, program income and recaptured funds within 24 months following the end of the State fiscal year in which they are received. (7) The LHAP conforms to the Local Government Comprehensive Plan, or that an amendment to the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the LHAP. (8) Amendments to the approved LHAP shall be provided to Florida Housing for review and/or approval within 21 days after adoption. (9) The trust fund exists with a qualified depository for all SHIP funds as well as program income or recaptured funds. (10) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. (11) The local housing assistance trust fund shall be separately stated as a special revenue fund in the 1 1070 Exhibit D 67-37.005(1), F.A.C. 2025 local governments audited financial statements (ACFR). An electronic copy of the ACFR or a hyperlink shall be provided to Florida Housing by June 30 of the applicable year. (12) Evidence of compliance with the Florida Single Audit Act, as referenced in Section 215.97, F.S. shall be provided to Florida Housing by June 30 of the applicable year. (13) SHIP funds will not be pledged for debt service on bonds. (14) Developers receiving assistance from both SHIP and the Low-Income Housing Tax Credit (LIHTC)Program shall comply with the income, affordability and other LIHTC requirements, similarly, any units receiving assistance from other federal programs shall comply with all Federal and SHIP program requirements. (15) Loans shall be provided for periods not exceeding 30 years, except for deferred payment loans or loans that extend beyond 30 years which continue to serve eligible persons. (16) Rental Units constructed or rehabilitated with SHIP funds shall be monitored for compliance with tenant income requirements and affordability requirements or as required in Section 420.9075 (3)(e). To the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. (17) The LHAP meets the requirements of Section 420.907-9079 FS, and Rule Chapter 67-37 FAC. (18) The provisions of Chapter 83-220, Laws of Florida have not been implemented (except for Miami-Dade County). Witness Chief Elected Official or designee Witness Type Name and Title Date OR Attest: (Seal) 2 1071 EXHIBIT E BOCC Resolution adopting the LHAP -----------------PLACEHOLDER------------------------ 1072 EXHIBIT E 67-37.005(1) F.A.C. 2024 LHAP 23-24-25 AMENDED MAY 31, 2024, PER SB1456 RESOLUTION 224 -2024 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING AN AMENDMENT TO THE LOCAL HOUSING ASSISTANCE PLAN(LHAP)PERSUANT TO THE ADOPTION OF SENATE BILL 1456, AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM ACT, SUBSECTIONS 420.907-420.9079, FLORIDA STATUTES; AND RULE CHAPTER 67- 37,FLORIDA ADMINISTRATIVE CODE; AUTHORIZING AND DIRECTING THE MAYOR OR THE COUNTY ADMINISTRATOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OF THE AMENDED LHAP FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION(FHFC); AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92-317 of Florida Sessions Laws, allocating a portion of documentary stamp taxes on deeds to local governments for the development and maintenance of affordable housing; and WHEREAS,the State Housing Initiatives Partnership (SHIP) Act, ss. 420.907-420.9079, Florida Statutes (1992), and Rule Chapter 67-37, Florida Administrative Code, requires local governments to develop a one- to three-year Local Housing Assistance Plan (LHAP) outlining how funds will be used; and WHEREAS, the Monroe County's existing 2022-2023, 2023-2024 and 2024-2025 LHAP was approved by the BOCC as Resolution 205-2022 on 7/20/2022 including all exhibits and attachments; and WHEREAS, pursuant to the approval of Senate Bill 1456, exempting Monroe County, an area of State Critical Concern, from the sixty percent(60%) set aside of all SHIP funds being spent on Low Income and Very Low-Income clients; and WHEREAS, it is to the benefit of the residents of Monroe County to modify the LHAP at this time, to increase the income limit of all strategies to one hundred and forty percent(140%) of Area Median Income (AMI). All other previously submitted exhibits within the LHAP remain in full force and effect; and WHEREAS, the County Commission finds that it is in the best interest of the public for Monroe County to submit the Amended LHAP for review and approval in order to qualify for said documentary stamp tax funds. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA that: 1073 Section 1: The Monroe County Board of County Commissioners hereby approves the Amended LHAP,as attached and incorporated hereto,for submission to the FHFC, as required by ss. 420.907-420-9079, Florida Statutes,for fiscal years 2022-2023, 2023-2024 and 2024-2025. Section 2: The Mayor, County Administrator, or County Administrator's official designee is hereby designated and authorized to execute any documents and certifications required by the FHFC as related to the LHAP, and to do all things necessary and proper to carry out the term and conditions of said program:. Section 3: The.Monroe County Board of County Commissioners hereby approves the increase of the income limit of all strategies to one hundred and forty percent (140%) of Area Median Income (AMI). All other previously:submitted exhibits within the LHAP remain in full force and effect: Section 4: This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida.at a regular meeting of said Board on the 17th day of July, 2024 Mayor Holly Merrill Raschein Yes Mayor Pro Tern James K.Scholl Yes Commissioner Craig Cates Absent Commissioner Michelle Lincoln Yes Commissioner David Rice Yes SEAL ATTEST ;\Monroe County Clerk BOARD OF COUNTY COMMISSIONERS OF he MONROE COUNTY, FLORIDA BI',. BY: �J' As D uty.Clerk Mayor Holly Merrill Raschein APPROVED AS TO FORM&LEGAL SUFFICIENCY Monr a ounty Attorney's Office thalia Mellies Archer Ass taut County Attorney M "rl r�e,- rri 1074 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] � s u ,a MONROE COUNTY, FLORIDA SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) 2022-2023, 2023-2024, 2024-2025 AMENDED MAY 31, 2024 PER SB 1456 1 1075 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] Table of Contents Description Page# Section I, Program Details 3-6 Section II, Housing Strategies - A. HOMEBUYER ASSISTANCE 7-8 B. HOMEOWNER REHABILITATION 9 C. DISASTER RELIEF 10-11 D.HOMEOWNER SEWER LATERAL CONNECTION 12 E. AFFORDABLE RENTAL REHABILITATION/CONSTRUCTION 13-14 F. AFFORDABLE RENTAL DISASTER RELIEF 15 G. N/A - H. N/A - Section III, Incentive Strategies 16 A. Expedited Permitting 16 B. Ongoing Review Process 16-17 C. Other Ongoing Incentive Strategies 17-25 Exhibits - A. Administrative Budget for each fiscal year covered in the Plan 26 B. Timeline for Estimated Encumbrance and Expenditure 27 C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year 28-30 Covered in the plan D. Signed LHAP Certification 31-32 E. Signed, dated, witnessed or attested adopting resolution 33-34 F. Ordinance: (If changed from the original creating ordinance) N/A N/A G. Interlocal Agreement 2 1076 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] I. Program Details: A. LG(s) Name of Local Government MONROE COUNTY,FLORIDA Does this LHAP contain an interlocal agreement? NO If yes, name of other local government(s) B. Purpose of the program: • To meet the housing needs of the very low, low and moderate-income households; • To expand production of and preserve affordable housing; and • To further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: 2022-2023, 2023-2024, 2024-2025 D. Governance:The SHIP Program is established in accordance with Section 420.907-9079, Florida Statutes and Chapter 67-37, Florida Administrative Code. Cities and Counties must be in compliance with these applicable statutes, rules and any additional requirements as established through the Legislative process. E. Local Housing Partnership:The SHIP Program encourages building active partnerships between government, lending institutions, builders and developers, not-for-profit and community-based housing providers and service organizations, providers of professional services related to affordable housing, advocates for low- income persons, real estate professionals, persons or entities that can provide housing or support services and lead agencies of the local continuums of care. F. Leveraging:The Plan is intended to increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. SHIP funds may be leveraged with or used to supplement other Florida Housing Finance Corporation programs and to provide local match to obtain federal housing grants or programs. G. Public Input: Public input was solicited through face-to-face meetings with housing providers, social service providers and local lenders and neighborhood associations. Public input was solicited through the local newspaper in the advertising of the Local Housing Assistance Plan and the Notice of Funding Availability. H. Advertising and Outreach: SHIP funding availability shall be advertised in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding availability is required. I. Waiting List/Priorities:A waiting list will be established when there are eligible applicants for strategies that no longer have funding available.Those households on the waiting list will be notified of their status. Applicants will be maintained in an order that is consistent with the time completed applications were submitted as well as any established funding priorities as described in this plan. 3 1077 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] The following priorities for funding (very low income, Special Needs, etc.) described/listed here apply to all strategies unless otherwise stated in an individual strategy in Section II: Special Needs Applicants (420.0004(13)) and Very Low-Income Applicants will have first priority for funding in all strategies J. Discrimination: In accordance with the provisions of ss.760.20-760.37, it is unlawful to discriminate on the basis of race, color, religion, sex, national origin, age, handicap, or marital status in the award application process for eligible housing. K. Support Services and Counseling:Support services are available from various sources. Available support services may include, but are not limited to: Homeownership Counseling (Pre and Post), Credit Counseling, Tenant Counseling, Foreclosure Counseling and Transportation. L. Purchase Price Limits:The sales price or value of new or existing eligible housing may not exceed 90%of the average area purchase price in the statistical area in which the eligible housing is located. Such average area purchase price may be that calculated for any 12-month period beginning not earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and existing units, which can be lower but may not exceed 90% of the average area purchase price established by the U.S.Treasury Department or as described above. The methodology used is: U.S.Treasury Department x Local HFA Numbers M. Income Limits, Rent Limits and Affordability:The Income and Rent Limits used in the SHIP Program are updated annually by the Department of Housing and Urban Development and posted at www.floridahousing.org. "Affordable"means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections 420.9071, F.S. However, it is not the intent to limit an individual household's ability to devote more than 30%of its income for housing, and housing for which a household devotes more than 30%of its income shall be deemed Affordable if the first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30%benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. N. Welfare Transition Program: Should an eligible sponsor be used, a qualification system and selection criteria for applications for Awards to eligible sponsors shall be developed, which includes a description that demonstrates how eligible sponsors that employ personnel from the Welfare Transition Program will be given preference in the selection process. O. Monitoring and First Right of Refusal: In the case of rental housing,the staff and any entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. However, any loan or grant in the original amount of$10,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility 4 1078 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] requirements. Tenant eligibility will be monitored annually for no less than 15 years or the term of assistance whichever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before 15 years or that have remaining mortgages funded under this program must give a first right of refusal to eligible nonprofit organizations for purchase at the current market value for continued occupancy by eligible persons. P. Administrative Budget: A line-item budget is attached as Exhibit A. The city/county finds that the moneys deposited in the local housing assistance trust fund are necessary to administer and implement the local housing assistance plan. Section 420.9075 Florida Statute and Chapter 67-37,Florida Administrative Code, states: "A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan." Section 420.9075 Florida Statute and Chapter 67-37,Florida Administrative Code,further states: 'The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(19), and eligible municipalities receiving a local housing distribution of up to$350,000 may use up to 10 percent of program income for administrative costs."The applicable local jurisdiction has adopted the above findings in the resolution attached as Exhibit E. Q. Program Administration: Administration of the local housing assistance plan will be performed by: Entity Duties Admin. Fee Percentage Local Government Monroe County Social Services Department 10% Third Party Entity/Sub-recipient R. First-time Homebuyer Definition: For any strategies designed for first-time homebuyers, the following definition will apply: An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse(if either meets the above test, they are considered first-time homebuyers).A single parent who has only owned a home with a former spouse while married.An individual who is a displaced homemaker and has only owned with a spouse.An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure. S. Project Delivery Costs: Must state the specific strategies and the specific activities that will be charged as a PDC. State the percentage and/or maximum dollar amount. N/A T. Essential Service Personnel Definition(ESP): ESP includes teachers and educators, other school district, community college, and university employees, police and fire personnel, health care personnel, and skilled building trades personnel. 5 1079 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] U. Describe efforts to incorporate Green Building and Energy Saving products and processes: Priority will be given to those sponsors who demonstrate innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance, rehabilitation of existing homes to greatly reduce the carbon footprint of building new homes; installation of storm shutters and high impact windows and doors; use of recycled construction materials; installation of new energy saving rated appliances; etc. V. Describe efforts to meet the 20%Special Needs set-aside:The Monroe County SHIP office in conjunction with Monroe County Social Services, utilize their existing applicant list in addition to continuous advertising on the Monroe County website for ongoing homeowner rehabilitation funding countywide. W. Describe efforts to reduce homelessness:The SHIP program provides owner occupied rehabilitation assistance to the extremely low, very-low, low and moderate income clients of the county reducing the risk of those homeowners becoming homeless. X. Exemption to Statutory Set-Asides: Under Senate Bill 1456 enacted May 31, 2024, Monroe County designated as an area of state critical concern is exempt from the income set-asides set forth in 420.9075 (5). 6 1080 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] Section II. LHAP Strategies: A. HOMEBUYER ASSISTANCE Code 1 a. Summary of Strategy: Funding assistance for the purchase or construction of a single-family, residential, owner-occupied property, including condominiums and townhouses. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 C. Income Categories to be served: Very low, low and moderate and households up to 140%AMI d. Maximum award: $45,000.00 e. Terms: 1. Deferred Loan: Secured by a recorded note and mortgage 2. Interest Rate: 0 3. Years in loan term: 30 4. Forgiveness: N/A 5. Repayment: N/A 6. Default:The loan will be due and payable in full upon maturity, payment in full of the first mortgage, sale, rental or transfer of the property,failure to comply with the terms of the SHIP mortgage, loss of homestead exemption,foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1)year of the death of the last surviving homeowner and the first mortgagee consents to the assumption of their loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on title and has homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions. f. Recipient/Tenant Selection Criteria: Eligible applicants will receive assistance on a "First Qualified, First Served" basis. First priority will be given to Special Needs Applicants. Applicants who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income. Applications for Homebuyer Assistance must include: 1. A contract for the purchase of an existing housing unit or one under construction. An "under construction" housing unit shall be defined as having a building permit and pilings/foundation complete and inspected. 2. A lending institution pre-qualification letter for the amount to be financed which may assume up to a $45,000 SHIP loan. 7 1081 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] 3. An affidavit from the Seller in the event this is a unit under construction, indicating the delivery date of the housing unit (cannot be more than five months from the date of the SHIP approval). Applicants who fail to submit complete applications, who do not meet SHIP threshold requirements or cannot close due to financing or any other reason, may not reapply for SHIP assistance until the following application cycle. g. Sponsor Selection Criteria: N/A h. Additional Information: Buyer(s) must contribute a minimum of three percent(3%) of the sales price as a cash contribution to the purchase. The 3%can be comprised of title insurance, appraisals, inspections and/or closing costs. Property must meet minimum health and safety standards as defined under the U.S Department of Housing and Urban Development's Housing Quality Standards (HQS). Any HQS deficiencies must be corrected prior to or as part of the purchase transaction. In the case of new construction, a Certificate of Occupancy(CO) may be substituted for the HQS inspection. Mortgage loans to public entities,which retain ownership of the land under the terms of a ground lease, shall extend to the improvements. Homes must be financed with a federally insured financial institution with the exception of Habitat for Humanity units. In the event other financing methods are utilized and approved by the SHIP Administrator, or assigned personnel, the SHIP Note and Mortgage must be a first mortgage. SHARED APPRECIATION PROVISION: All SHIP funds under this strategy are subject to a mortgage that shall contain recapture provisions which provides for shared appreciation between the buyer(s) and the Monroe County SHIP Program. The amount due Monroe County upon sale, refinancing or transfer of the property shall be calculated by adding the sum of the principal balance of the SHIP loan and 50% of the appreciated value. The appreciated value shall be the difference between the original purchase price and the sales price less any real estate commission, less the value of any permitted improvements and less reasonable closing costs. Housing units constructed utilizing Affordable Housing Permits, which restrict appreciation of the housing unit's value, shall not be subject to the Shared Appreciation Provision. Existing SHIP Homebuyer Mortgage Loans of Not-For-Profit Homeownership Developer units may be assumed for the balance of the term of the existing loan by new very low and low income qualified homebuyers. Transfer of title to the new homebuyers must be completed within a period that does not to exceed six(6) months after repayment by the existing homeowner. 8 1082 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] B. HOMEOWNER REHABILITATION Code 3 a. Summary: Funding assistance for owner occupied housing rehabilitation, with/or without leveraging with the Weatherization Assistance Program. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 C. Income Categories to be served:Very low, low and moderate and households up to 140%AMI d. Maximum award: $35,000.00 e. Terms: 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded note and mortgage 2. Interest Rate: 0% 3. Years in loan term: Twenty(20)years 1. Forgiveness: The loan balance will be forgiven during years ten (10)through twenty(20) at the rate of ten (10) % per year. 4. Forgiven at maturity. 5. Repayment: None due as long as the loan is in good standing. 6. Default: The loan will be due and payable in full upon in the event of, rental, sale or transfer of the property before the maturity date, failure to comply with the terms of the SHIP mortgage, loss of homestead exemption,foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1)year of the death of the last surviving homeowner and the first mortgagee consents to the assumption of their loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on title and has homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions. f. Eligible applicants will receive assistance on a "First Qualified, First Served" basis. Special Needs and Very Low-Income Applicants will have first priority for funding. Applicants who have been determined to be income eligible for program assistance will be placed on a waiting list according to their income classification. g. Recipient/Tenant Selection Criteria: N/A h. Sponsor Selection Criteria: N/A i. Additional Information: For the purpose of this strategy, the standard for rehabilitation is defined as those improvements necessary for the subject unit to meet the U.S. Department of Housing and Urban Development's Housing Quality Standards (HQS). All households receiving rehabilitation assistance under this strategy are not eligible for additional SHIP funding for a period of three (3) years from closeout of grant/loan. 9 1083 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] C. DISASTER RELIEF Code 5, 16 a. Summary: Funds will be awarded to owner occupied homeowners and/or displaced individuals to provide immediate disaster relief, repair of existing homes or purchase assistance required to purchase or replace demolished homes as a result of an emergency or disaster which has been declared by executive order(s) signed by the President of the United States of America or the Governor of the State of Florida. This strategy will only be funded and implemented in the event of a disaster using any funds that have not yet been encumbered or with additional disaster funds allocated by Florida Housing Finance Corporation. SHIP disaster funds may be used for items such as, but not limited to: (a) Purchase of emergency supplies for eligible households to weatherproof. (b) Purchase and/or replacement housing unit. (c) Interim repairs to avoid further damage; tree and debris removal required to make the individual housing unit habitable. (d) Construction of wells or repair of existing wells where public water is not available. (e) Payment of insurance deductibles for rehabilitation of homes covered under homeowners' insurance policies. (f) Security deposit for eligible recipients that have been displaced from their homes due to disaster. (g) Rental assistance for eligible recipients that have been displaced from their homes due to disaster. (h) Any strategy included in the approved LHAP that benefits applicants directly affected by the declared disaster. (i) Other activities as proposed by Monroe County and approved by the Florida Housing Finance Corporation. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 C. Income Categories to be served: Very low, low and moderate and households up to 140%AMI d. Maximum award: $35,000 e. Terms: 2. Repayment loan/deferred loan/grant: Secured by a recorded note and mortgage 3. Interest Rate: 0% 4. Years in loan term: Ten (10) 5. Forgiveness:The loan balance will be forgiven during years six (6)through ten (10) at the rate of twenty (20) % per year. 6. Repayment: None due as long as the loan is in good standing. 7. Default:The outstanding loan balance will be due and payable in full upon the rental, sale or transfer of the property,failure to comply with the terms of the SHIP mortgage, loss of homestead exemption 10 1084 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as the heir can obtain title to the entire property within one (1)year of the death of the last surviving homeowner and the first mortgagee consents to the assumption of their loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on title and has homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions. f. Recipient/Tenant Selection Criteria: Applications processed on a "First Qualified, First Served" basis. g. Sponsor Selection Criteria N/A h. Additional Information:Eligible costs include all hard and soft costs associated with the rehabilitation of the property. 11 1085 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] D. HOMEOWNER SEWER LATERAL CONNECTION Code 3 a. Summary: Funding assistance for sewer lateral connections for owner occupied properties, to include condominiums and townhouses. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 C. Income Categories to be served: Very low, Low and Moderate and households up to 140%AMI d. Maximum award: $8,000.00 e. Terms: 1. Repayment loan/deferred loan/grant: Secured by a recorded note and mortgage 2. Interest Rate: 0 3. Years in loan term:Ten (10) 4. Forgiveness: Forgiven at maturity 5. Repayment: None due as long as the loan is in good standing. 6. Default:The outstanding balance shall be due and payable upon rental, sale,transfer, or failure to comply with the terms of the SHIP mortgage, loss of homestead exemption, foreclosure or death of the last surviving homeowner. In the event of the death of the last surviving homeowner, any income eligible heir residing in the home may assume the SHIP Loan as long as they can obtain title to the entire property within one (1)year of the death of the last surviving homeowner and the first mortgagee consents to the assumption of their loan. In the event of divorce by the occupants married to each other and after title has been vested, so long as one of the original owners remains on title and has homestead exemption, the party remaining in the home shall be considered in compliance with the existing terms and conditions. f. Recipient/Tenant Selection Criteria: Applications processed on a "First qualified, First Served" basis. g. Sponsor Selection Criteria: N/A h. Additional Information: N/A 12 1086 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] E. AFFORDABLE RENTAL CONSTRUCTION/REHABILITATION Code 14, 21 a. Summary: Funds provided for the construction or rehabilitation of affordable rental housing units. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 C. Income Categories to be served:Very low, low and moderate and households up to 140%AMI d. Maximum award: $40,000.00 per unit e. Terms: 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded note and mortgage. 2. Interest Rate: 0% Non Profit—3% For Profit 3. Years in loan term: Fifteen (15) 4. Forgiveness: Not-for-Profit entities, full loan amount forgiven at maturity. For-Profit entities, full loan amount due at maturity. 5. Repayment: None due as long as the loan is in good standing 6. Default: Due and payable in full upon sale or transfer of the property or failure to comply with the terms of the SHIP Rental Monitoring Agreement or Land Use Restriction Agreement (LURA). SHIP set aside units assisted under this strategy must maintain rents that do not exceed the rent maximums published annually by the Florida Housing Finance Corporation. SHIP recipients that offer rental housing for sale within fifteen years of the SHIP award must give a right of first refusal to eligible non- profit organizations for purchase at the current market value for continued occupancy by eligible persons. f. Recipient/Tenant Selection Criteria: Eligible residents will be selected on a "First Qualified, First Served" basis. g. Sponsor/Sub-recipient Selection Criteria: Priority will be given to those sponsors demonstrating innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance. Priority#1 shall be to provide funding for the preservation of Assisted Housing Units.The tiebreaker within Priority#1 shall be the lowest SHIP per unit cost. Priority#2 Applications proposing the rehabilitation of existing affordable rental units, ranked in the following order: 2a. Proposing the longest period of affordability 2b. Serving very low-income tenants 2c. Serving substantially (%)very low-income tenants 2d. Serving low-income tenants 13 1087 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] 2e. Serving substantially (%) low-income tenants 2f. Serving moderate-income tenants The tiebreaker shall be the lowest SHIP per unit cost. Priority#3 Applications proposing the creation of the new rental units by construction or rehabilitation, ranked in the following order: 1a. Proposing the longest period of affordability 1b. Units serving very low-income tenants 1c. Units serving substantially(%)very low-income tenants 1d. Serving low-income tenants 1e. Serving substantially (%) low-income tenants if. Serving moderate-income tenants The tiebreaker shall be the lowest SHIP per unit cost. h. Additional Information: All entities funded under this strategy will be required to execute a SHIP Rental Monitoring Agreement and Land Use Restriction Agreement (LURA)for a minimum term of fifteen (15) years. 14 1088 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] F. AFFORDABLE RENTAL DISASTER RELIEF Code 16 a. Summary: Funds will be provided for the rehabilitation of affordable rental units affected by a disaster as declared by executive order signed by the President or Governor. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 C. Income Categories to be served:Very low, low and moderate and households up to 140%AMI d. Maximum award: $35,000.00 per unit e. Terms : 1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a recorded note and mortgage and Land Use Regulations Agreement. 2. Interest Rate: 0 3. Years in loan term: Fifteen (15) 4. Forgiveness: The loan balance will be forgiven at maturity. 5. Repayment: None due if the loan is in good standing. 6. Default: Principal and interest shall be due upon the sale or transfer of the property. If during the affordability period the property is sold or transferred to an eligible nonprofit organization approved by the County that agrees to execute all SHIP loan documents for the affordability period originally specified, no payment is due on the loan. f. Recipient/Tenant Selection Criteria:Tenants will be processed on a "First Qualified, First Served" basis. g. Sponsor Selection Criteria: Priority will be given to non-profit sponsors who own deed and income restricted properties in need of repair as a result of a disaster for the preservation of assisted housing units and long-term affordability for very-low, low, and moderate, income tenants h. Additional Information:Eligible costs include all hard and soft costs associated with the rehabilitation of the property. 15 1089 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] III. LHAP Incentive Strategies In addition to the required Incentive Strategy A and Strategy B, include all adopted incentives with the policies and procedures used for implementation as provided in Section 420.9076, F.S.: A. Name of the Strategy: Expedited Permitting Permits as defined in s. 163.3177 (6) (f) (3) for affordable housing projects are expedited to a greater degree than other projects. Established policy and procedures: The Monroe County Year 2030 Comprehensive Plan and Land Development Code and Code of Ordinances establish procedures for expediting the development of affordable housing projects. Provide a description of the procedures used to implement this strategy: Affordable housing permit applications are not required to go through the competitive ROGO (Rate of Growth Ordinance) process. Additionally, any development order or development permit for affordable housing receives priority in processing and review of applications and permits, per Section 9-2(b) of the Monroe County Code. Responsible Agency: Monroe County Building Department and Planning & Environmental Resources Department B. Name of the Strategy: Ongoing Review Process An ongoing process for review of local policies, ordinances, regulations and plan provisions that increase the cost of housing prior to their adoption. Established policy and procedures: 1. Section 9-3 of the Monroe County Code states: All ordinances, policies, resolutions, regulations, and comprehensive plan provisions (regulations) that may affect the cost of housing including those regarding infrastructure, permitting, impact fees, or development process and approvals shall be reviewed by the growth management director, the planning director, the building official and the finance or budget director. The assessment shall evaluate whether the new regulation does, in fact, affect the cost of housing including affordable housing. Such evaluation shall be addressed in the staff report to the board of county commissioners. Responsible Agency: Monroe County Planning & Environmental Resources and Monroe County Building Department 16 1090 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] 2. The County allows applicants to apply to the Board of County Commissioners to waive building permit application fees for affordable housing (Section 6-108(e), Monroe County Code). Responsible Agency: Monroe County Building Department 3. The adopted Fee Resolution for the Planning & Environmental Resources Department provides that there shall be no application or other fees, except advertising and noticing fees, for affordable housing projects, except that all applicable fees shall be charged for applications for all development approvals required for any development under Sec. 139-2(b) (Transfer of ROGO Exemptions from Mobile Home Parks) and for applications for variances to setback, landscaping and/or off-street parking regulations associated with an affordable housing development. Responsible Agency: The Monroe County Planning and Environmental Resources Department and Monroe County Building Department Other Incentive Strategies Adopted: C. Name of Strategy: Modification of Impact Fee Requirements Established policy and procedure: The County waives impact fees for all affordable housing permits, pursuant to Comprehensive Plan Policy 601.1.12, Section 139-1(b)(4) and Chapter 126 of the Land Development Code. Monroe County Comprehensive Plan Policy 601.1.12: Monroe County shall annually monitor the eligibility of the occupants of housing units which have received special benefits, including but not limited to those issued under the affordable housing provisions specified in the Land Development Code or those issued through the Permit Allocation System. If occupants no longer meet the eligibility criteria specified in the Plan and in the Land Development Code, and their eligibility period has not expired, then Monroe County may take any one or a combination of the following actions: 1. require the payment of impact fees, if they were waived; 2. proceed with remedial actions through the Department of Code Compliance, as a violation of the Monroe County Code; 3. take civil court action as authorized by statute, common law, or via agreement between an applicant and the County; and/or 4. require the sale or rental of the unit(s) to eligible occupants. Monroe County Code Chapter 126 — Impact Fees, Section 126-4(h)(6): Type of Development Not Affected. ... (6) Affordable or employee housing units (as defined in section 101-1) for which a deferred payment of impact fees has been recorded in the chain of title. 17 1091 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] Monroe County Code Section 139-1 Affordable and employee housing; administration: 139-1(b)(4) The requirements of this Land Development Code for the provision of impact fees shall be waived for affordable and employee housing and any market rate housing developed in accordance with subsection (b)(8) of this section. Responsible Agency: Monroe County Building Department and Planning & Environmental Resources Department D. Name of Strategy: Flexibility in Densities for Affordable Housing Established policy and procedures: 1) Pursuant to Sections 130-157 and 139-1(b)(1) of the Land Development Code, the following density bonuses are allowed for affordable and employee housing: a Maximum Net Density of 25 dwelling units per buildable acre for land within an Urban Residential (UR) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Mixed Use (MU) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Suburban Commercial (SC) land use district; and a Maximum Net Density of 12 dwelling units per buildable acre for land within an Urban Commercial (UC) land use district. Responsible Agency: Monroe County Planning & Environmental Resources Department 2) Pursuant to Section 139-1(b)(2) of the Land Development Code, the maximum net residential density allowed per district and by this section shall not require Transferable Development Rights (TDR) for affordable and employee housing and market rate housing developed in accordance with subsection (b)(8) of this section. This allows a higher density for affordable and employee housing without the transfer and retirement of additional density. 3) Pursuant to Section 139-1(b)(5), the County allows the construction of affordable housing units on nonresidential sites, including hotel/motel density development, without deducting from the commercial floor area allowed when calculating density, any existing lawfully established or proposed affordable or employee housing on a parcel and the floor area thereof shall be excluded from the calculation of the total gross nonresidential floor area). Providing a 'density bonus' for the development of affordable or employee housing on the site with the nonresidential use. Responsible Agency: Monroe County Planning & Environmental Resources Department E. Name of Strategy: Reservation of Infrastructure Capacity for Affordable Housing 18 1092 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] Established policy and procedure: Monroe County prepares an annual Public Facilities Capacity Report. This Report indicates that there is sufficient infrastructure capacity to accommodate the needs of County residents. Responsible Agency: Monroe County Planning & Environmental Resources Department F. Name of Strategy: Allowance of Affordable Accessory Residential Units in Residential Zoning Districts Established policy and procedure: Additions and accessory bedrooms may be permitted on developed parcels as an accessory use/structure. The accessory use/structure must be consistent with existing density and Rate of Growth Ordinance (ROGO) requirements specified within the Land Development Code and the Monroe County Comprehensive Plan. Accessory uses/structures do not include second dwelling units, guest houses, lock- outs or any other potentially habitable structures that are occupied by a separate and independent resident/household. Responsible Agency: Monroe County Planning & Environmental Resources Department G. Name of Strategy: Reduction of parking and setback requirements for affordable housing Established policy and procedure: Pursuant to Sections 102-186 and 102-187, off-street parking requirements may be granted variances if the requisite criteria can be met. Pursuant to Section 131-3(c), any required off-street parking spaces may be located on an accessory driveway within the front yard setback on a parcel developed exclusively with a residential use, provided it does not occupy more than 60 percent of the required front yard setback area and any vehicle utilizing such an off-street parking space shall be properly licensed and operable. Responsible Agency: Monroe County Planning & Environmental Resources Department H. Name of Strategy: Allowance of Flexible Lot Configurations Established policy and procedure: Monroe County allows flexible lot configurations to the extent setback and buffer yard requirements are met. Pursuant to Sections 102-186 and 102-187, variances to setback and buffer yard requirements may be granted if the requisite criteria can be met. Pursuant to Sections 110-110 and 110-111 of the Land Development Code, there is a process to request a lot line adjustment for lots in a duly recorded lot as shown on a plat approved by the County. The resulting lots configured in the lot line adjustment process 19 1093 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] must meet the minimum requirements for a building site pursuant to the Land Development Code and Comprehensive Plan. All resulting lots will conform to the site development standards of the applicable zoning district. Responsible Agency: Monroe County Planning & Environmental Resources Department I. Name of Strategy: Modification of Street Requirements Established policy and procedure: Monroe County allows internal street configurations that meet life safety criteria. Responsible Agency: Monroe County Planning & Environmental Resources Department & Engineering Department J. Name of Strategy: Inventory of County Owned Property Suitable for Affordable Housing Established policy and procedures: Pursuant to Section 125.379, Florida Statutes, the County has prepared and will continue to provide an inventory of possible sites suitable for affordable housing. (Comprehensive Plan Policy 601.1.3) On April 21, 2021, the Monroe County BOCC reviewed the updated inventory of County owned sites which may be appropriate for use as affordable housing. The inventory includes two developed parcels and two vacant parcels. The two developed parcels were also included in the 2015 approved inventory. Responsible Agency: The Clerk of Court has the list of properties approved by the Board of County Commissioners in Resolution 167-2021. Monroe County Planning & Environmental Resources Department. K. Name of Strategy: Support development near transportation hubs and major employment centers and mixed-use developments Established policy and procedures: 1) Pursuant to Sections 130-157 and 130-139(b)(1) of the Land Development Code, the following density bonuses are allowed for affordable and employee housing within zoning districts that allow commercial and mixed use development: a Maximum Net Density of 18 dwelling units per buildable acre for land within a Mixed Use (MU) land use district; a Maximum Net Density of 18 dwelling units per buildable acre for land within a Suburban Commercial (SC) land use district; and a Maximum Net Density of 12 dwelling units per buildable acre for land within an Urban Commercial (UC) land use district. Responsible Agency: Monroe County Planning & Environmental Resources Department 20 1094 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] 2) Livable CommuniKeys Plans (LCP) have been adopted by the Board of County Commissioners for Key Largo, Tavernier, Big Pine Key and No Name Key, Stock Island, and the Lower Keys. These LCPs identify activity centers that encourage the development of affordable housing near identified mixed use and employment centers. Proposed amendments to the Land Development Code also incorporate these areas as community center zoning overlay districts. Responsible Agency: Monroe County Planning & Environmental Resources Department 3) Policy 601.1.5 of the Monroe County Comprehensive Plan states: If Monroe County funding, or if County-donated land is to be used for any affordable housing project, alternative sites shall be assessed according to the following guidelines: 4. Proximity to employment and retail centers. Sites within five miles of employment and retail centers shall be preferred. [9J-5.010(3)(c)(5)] Responsible Agency: Monroe County Planning & Environmental Resources Department 4) Pursuant to Section 114-15 of the Land Development Code, nonresidential and multi-family uses generating over two thousand (2,000) trips per day shall be developed to encourage mass transit, by including features such as: transit facilities, including covered bus shelters, pedestrian/bicycle paths, bicycle racks, carpool facilities, adequate turning radii for large vehicles, and pedestrian access to adjacent nonresidential and multi-family uses. Responsible Agency: Monroe County Planning & Environmental Resources Department L. Name of Strategy: Inclusionary Housing Residential Established policy and procedure: Per Section 139-1(e)(2) of the Land Development Code: a. Residential developments, other than mobile home or mobile home spaces covered by subsection (e)(2)b. of this section, that result in the development or redevelopment of three (3) or more dwelling units on a parcel or contiguous parcels shall be required to develop or redevelop at least 30 percent of the residential units as affordable housing units. Residential development or redevelopment of three (3) units on a parcel or contiguous parcels shall require that one (1) developed or redeveloped unit be an affordable housing unit. For the purpose of this section, and notwithstanding subsection (e)(2)b. of this 21 1095 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] section, any dwelling unit exceeding the number of lawfully established dwelling units on site, which are created by either a THE or ROGO allocation award, shall be considered developed units. b. The removal and replacement with other types of dwelling units of ten (10) or more mobile homes that are located on a parcel or contiguous parcels and/or the conversion of mobile home spaces located on a parcel or contiguous parcels into a use other than mobile homes shall be required to include in the development or redevelopment a number of affordable housing units equal to at least 30 percent of the number of existing units being removed and replaced or converted from mobile home use or, in the event the new use is nonresidential, to develop affordable housing units at least equal in number to 30 percent of the number of mobile homes or mobile home spaces being converted to other than mobile home use. Removal and replacement or conversion to a different use of ten (10) mobile homes or mobile home spaces on a parcel or contiguous parcels shall require that three (3) units be replaced or converted to deed-restricted affordable housing. c. In calculating the number of affordable housing units required for a particular project, or phase of a project, all dwelling units proposed for development or redevelopment or mobile homes or mobile home spaces to be converted from mobile home use shall be counted. In phased projects, the affordable housing requirements shall be proportionally allocated among the phases. If a subsequent development or redevelopment is proposed following a prior development approved on the same property as it existed as of the effective date of the ordinance (ORD 030-2003, 017-2006, 011-2008 and 006-2016) from which this section is derived, which prior development did not meet the compliance thresholds set forth in subsection (e)(2)a. or (d)(2)b. of this section, the requirements of subsection (e)(2)a. or (e)(2)b. of this section shall be met as part of the subsequent development for all units proposed for development or redevelopment. Nonresidential and Transient Ordinance 001-2021 was adopted by the Monroe County BOCC on February 17, 2021 which created an inclusionary housing requirement to address nonresidential and transient development to ensure that affordable housing is provided to the local workforce by employee generating development proportionate with the need for affordable workforce housing it creates. The established policy and procedure is set forth in Section 139-1(f) of the Land Development Code. The intent of the section is to ensure that there is an affordable supply of housing for the local workforce. This will be accomplished by requiring workforce housing be provided for all new development and redevelopment in an amount proportionate to the need for affordable workforce housing that the 22 1096 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] nonresidential and transient use development or redevelopment creates. The intent of this subsection is to permit nonresidential and transient use owners to continue to establish uses consistent with the current building and safety standards and to ensure that as development and redevelopment occurs, comprehensive plan policies regarding affordable housing are implemented. The technical support and analysis upon which the nonresidential inclusionary housing requirements are established are based upon the 'Affordable Workforce Housing Support Study for Non-Residential Development,' prepared by Clarion Associates, LLC, prepared in June 2017. Responsible Agency: Monroe County Planning & Environmental Resources Department Recommendation: Monroe County shall maintain land development regulations on inclusionary housing. M. Name of Strategy: Mobile Home Park Incentive Program Established policy and procedure: Section 139-2(b) of the Land Development Code establishes incentives for affordable housing development by allowing the transfer of market rate ROGO exemptions within the ROGO subarea from mobile home parks in exchange for maintaining an equal or greater number of deed-restricted affordable dwelling units within Monroe County. This program provides an eligible sender site owner the opportunity to transfer market rate ROGO exemptions currently associated with existing and lawfully established dwelling units from eligible sender sites to receiver site(s) within Monroe County, provided that it involves the pooling of affordable dwelling unit rights for redevelopment at donated, purchased or otherwise appropriately deed-restricted sites, and transfer of ROGO exemptions or allocations for the purpose of implementing and facilitating one or more affordable housing projects. Responsible Agency: Monroe County Planning & Environmental Resources Department N. Name of Strategy: Employee Housing, Commercial Apartments, and Workforce Housing as Permitted Uses Established policy and procedure: The Monroe County Land Development Code currently permits "Employee Housing" and/or "Commercial Apartments" in several Land Use (Zoning) Districts where residential units are not otherwise permitted. Per Section 101-1 of the code: Employee housing means an attached or detached dwelling unit that is intended to serve as affordable, permanent housing for working households, which derive at least 70 23 1097 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] percent of their household income from gainful employment in the county and meet the requirements for affordable housing as defined in this section and as per section 130-161. Commercial apartment means an attached or detached residential dwelling unit located on the same parcel of land as a nonresidential use that is intended to serve as permanent housing for the owner or employees of that nonresidential use. The term does not include a tourist housing use or vacation rental use. Ordinance 001-2021 was adopted by the Monroe County BOCC on February 17, 2021 which created a definition for "workforce" and "workforce housing" as a part of a larger ordinance to create an inclusionary housing requirement to address nonresidential and transient development. The new Workforce housing use is interchangeable with the terms detached or attached dwellings, employee housing or commercial apartments included in the land use districts and shall be a permitted use in all land use districts where detached dwelling, attached dwellings, employee housing or commercial apartments are included as a current permitted use. The adopted definitions are consistent with the recommendation from the AHAC specified in Resolution 01-2016. Established definitions in LDC Section 101-1: Workforce means individuals or families who are gainfully employed supplying goods and/or services to Monroe County residents or visitors. Workforce Housing means dwelling units for those who derive at least 70% of their income as members of the Workforce in Monroe County and who meet the affordable housing income categories of the Monroe County Code. Workforce housing shall be interchangeable with the terms detached or attached dwellings, employee housing or commercial apartments included in the land use districts and shall be a permitted use in all land use districts where detached dwelling, attached dwellings, employee housing or commercial apartments are included as a current permitted use. An applicant choosing to develop workforce housing is subject to the requirements of Chapter 139 and all other requirements included in the land development code, including but not limited to, density, parking, buffer yards, access, etc. Responsible Agency: Monroe County Planning & Environmental Resources Department O. Name of Strategy: Purchase and Lease Back Program Established policy and procedure: The County has a purchase and lease-back program for affordable housing. Additionally, the County has actively participated in the federal and state grant opportunities made available after Hurricane Irma to acquire and redevelop mobile parks as workforce housing. The County has applied for a Community Development Block Grant 24 1098 SHIP LHAP Template 2016-001 [eff.Date 7/1/2021] - Disaster Recovery (CDBG-DR) grant to fund the property's purchase price and development costs. Responsible Agencies: Monroe County Land Development Authority; Monroe County Housing Authority and Monroe County Attorney's Office. 25 1099 SHIP REVENUE AUDIT REPORT 6/5/2025 YEAR TO DATE F/Y 2025 Ledger Account Fund Accounting Date Revenue Category 335500:State Shared F_153 Local 2/21/2025 RC_00076 - State Shared Revenue Economic Housing Economic Environment Environment Assistance State Housing Initiative Partnership (SHIP) 335500 335500:State Shared F_153 Local 3/28/2025 RC_00076 - State Shared Revenue Economic Housing Economic Environment Environment Assistance State Housing Initiative Partnership (SHIP) 335500 335500:State Shared F_153 Local 10/18/2024 RC_00076 - State Shared Revenue Economic Housing Economic Environment Environment Assistance State Housing Initiative Partnership (SHIP) 335500 361000:Interest&Other F_153 Local 1/31/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 1/31/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 1/31/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 1/31/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 2/28/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 2/28/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 2/28/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 2/28/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 3/31/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 3/31/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 3/31/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 1100 361000:Interest&Other F_153 Local 3/31/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 4/30/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 4/30/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 4/30/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 4/30/2025 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 10/1/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 10/31/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 10/31/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 10/31/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 10/31/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 11/30/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 11/30/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 11/30/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 11/30/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 12/31/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 12/31/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 12/31/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 361000:Interest&Other F_153 Local 12/31/2024 RC_00299 - Interest Income Housing Earnings 361000 Assistance 1101 369000:Miscellaneous F_153 Local 1/15/2025 RC_00339 - Miscellaneous Revenue Housing SHIP Mortgage Assistance Satisfactions 369000 369000:Miscellaneous F_153 Local 1/17/2025 RC_00339 - Miscellaneous Revenue Housing SHIP Mortgage Assistance Satisfactions 369000 369000:Miscellaneous F_153 Local 2/11/2025 RC_00339 - Miscellaneous Revenue Housing SHIP Mortgage Assistance Satisfactions 369000 369000:Miscellaneous F_153 Local 4/7/2025 RC_00339 - Miscellaneous Revenue Housing SHIP Mortgage Assistance Satisfactions 369000 369000:Miscellaneous F_153 Local 4/7/2025 RC_00339 - Miscellaneous Revenue Housing SHIP Mortgage Assistance Satisfactions 369000 369000:Miscellaneous F_153 Local 4/28/2025 RC_00339 - Miscellaneous Revenue Housing SHIP Mortgage Assistance Satisfactions 369000 369000:Miscellaneous F_153 Local 11/14/2024 RC_00339 - Miscellaneous Revenue Housing SHIP Mortgage Assistance Satisfactions 369000 369000:Miscellaneous F_153 Local 11/14/2024 RC_00339 - Miscellaneous Revenue Housing SHIP Mortgage Assistance Satisfactions 369000 1102 Actuals Memo 21,399.00 SHIP Holdback Disbursement FY2023-2024 379,464.00 SHIP ANNUAL Distribution FY2024-2025 265,171.00 SHIP Annual Distribution FY2024-2025 666,034.00 1,162.47 January Interest Allocation FL CLASS 2,452.76 January Interest Allocation FL FIT 3,007.44 January Interest Allocation REGIONS 727.03 Montly Interest Allocation Jan 25 1,027.39 February Interest Allocation FL CLASS 1,968.04 Monthly Interest Allocation Feb 25 2,190.76 February Interest Allocation FL FIT 6,014.88 February Interest Allocation REGIONS 1,074.08 March Interest Allocation FL CLASS 2,317.66 March Interest Allocation FL FIT 4,394.30 March Interest Allocation REGIONS 1103 839.94 Monthly Interest Allocation Mar 25 1,166.30 April Interest Allocation FL CLASS 1,480.24 Monthly Interest Allocation Apr 25 2,489.48 April Interest Allocation FL FIT 8,329.47 April Interest Allocation REGIONS 0.31 Fund balance rounding 1,705.87 October Interest Allocation FL CLASS 191.08 Montly Interest Allocation Oct 24 2,640.50 October Interest Allocation FL FIT (1,743.71) October Interest Allocation REGIONS 1,604.87 November Interest Allocation FL CLASS 2,431.14 November Interest Allocation FL FIT 2,550.57 November Interest Allocation REGIONS 76.31 Montly Interest Allocation Nov 24 1,272.62 December Interest Allocation FL CLASS 2,452.69 December Interest Allocation FL FIT 2,732.26 Montly Interest Allocation Dec 24 2,852.76 December Interest Allocation REGIONS 1104 20,000.00 Mortgage Satisfaction Lang, Julia, 306 Truman Ave, Key West, FL 33040 45,000.00 Mortgage Satisfaction Cottar, 32 6th Avenue, Key West, FL 33040 36,000.00 Mortgage Satisfaction Davis, Linda, 741 80th Street Ocean, Marathon, FL 33050 184,211.00 MORTGAGE SATISFACTION COVENEY, MARY P. 6900 MALONEY UNIT#6, KW 45,000.00 MORTGAGE SATISFACTION GLADDING, PATRICIA, 305 GRINELL, #C301, KW FL 45,000.00 MORTGAGE SATISFACTION BONDER, ASHLEY, 303 GRINNELL, #B204, KW FL 197,876.50 MORTGAGE SATISFACTION FULLER, MARK& ROCIO LINDBACK 3930 S ROOSEVELT BLVD S311 KEY WEST FL 33040 93,263.00 MORTGAGE SATISFACTION FULLER, ISABEL FERNANDEZ 31425 AVENUE B., BIG PINE KEY, FL 33043 666,350.50 homebuyer mortgage payoffs 1,391,794.01 1105 SHIP REVENUE AUDIT TRAIL FISCAL YEAR 2024 Ledger Account Fund Accounting Date Revenue Category 361000:Interest&Other Income F_153 Local 1/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 1/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 1/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 1/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 2/29/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 2/29/2024 RC_00299- Interest Housing Earnings 361000 Assistance 1106 361000:Interest&Other Income F_153 Local 2/29/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 2/29/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 3/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 3/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 3/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 3/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 4/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 1107 361000:Interest&Other Income F_153 Local 4/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 4/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 4/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 5/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 5/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 5/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 5/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 1108 361000:Interest&Other Income F_153 Local 6/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 6/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 6/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 6/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 7/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 7/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 7/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 1109 361000:Interest&Other Income F_153 Local 7/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 8/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 8/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 8/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 8/31/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 9/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 9/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 1110 361000:Interest&Other Income F_153 Local 9/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 9/30/2024 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 10/2/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 10/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 10/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 10/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 10/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 1111 361000:Interest&Other Income F_153 Local 10/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 11/30/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 11/30/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 11/30/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 11/30/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 11/30/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 12/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 1112 361000:Interest&Other Income F_153 Local 12/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 12/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 12/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 12/31/2023 RC_00299- Interest Housing Earnings 361000 Assistance 361000:Interest&Other Income F_153 Local 9/30/2024 RC_00306- Interest Housing Earnings 001 Assistance 361000 369000:Miscellaneous Revenue F_153 Local 9/30/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 369000:Miscellaneous Revenue F_153 Local 2/26/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 1113 369000:Miscellaneous Revenue F_153 Local 3/25/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 369000:Miscellaneous Revenue F_153 Local 4/4/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 369000:Miscellaneous Revenue F_153 Local 5/31/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 369000:Miscellaneous Revenue F_153 Local 5/31/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 369000:Miscellaneous Revenue F_153 Local 6/17/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 369000:Miscellaneous Revenue F_153 Local 6/28/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 369000:Miscellaneous Revenue F_153 Local 9/9/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 1114 369000:Miscellaneous Revenue F_153 Local 9/25/2024 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 369000:Miscellaneous Revenue F_153 Local 11/8/2023 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 369000:Miscellaneous Revenue F_153 Local 11/8/2023 RC_00339- Housing Miscellaneous SHIP Assistance Mortgage Satisfactions 369000 1115 Journal Line Actuals Memo Accounting Journal: 1,402.83 Jan Interest Allocation FL Monroe County Board of CLASS County Commissioners - 01/31/2024, 361000:Interest&Other Income, Debit:0, Credit:1402.83 Activity Accounting Journal: 273.67 Montly Interest Allocation Monroe County Board of Jan 24 County Commissioners - 01/31/2024, 361000:Interest&Other Income, Debit:0, Credit:273.67 Activity Accounting Journal: 3,980.18 Jan Interest Allocation FL Monroe County Board of FIT County Commissioners - 01/31/2024, 361000:Interest&Other Income, Debit:0, Credit:3980.18 Activity Accounting Journal: 4,650.43 Jan Interest Allocation Monroe County Board of REGIONS County Commissioners - 01/31/2024, 361000:Interest&Other Income, Debit:0, Credit:4650.43 Activity Accounting Journal: 113.45 Monthly Interest Allocation Monroe County Board of Feb 24 County Commissioners - 02/29/2024, 361000:Interest&Other Income, Debit:0, Credit:113.45 Activity Accounting Journal: 1,307.14 Feb Interest Allocation FL Monroe County Board of CLASS County Commissioners - 02/29/2024, 361000:Interest&Other Income, Debit:0, Credit:1307.14 Activity 1116 Accounting Journal: 2,811.00 Feb Interest Allocation Monroe County Board of REGIONS County Commissioners - 02/29/2024, 361000:Interest&Other Income, Debit:0, Credit:2811 Activity Accounting Journal: 3,726.17 Feb Interest Allocation FL Monroe County Board of FIT County Commissioners - 02/29/2024, 361000:Interest&Other Income, Debit:0, Credit:3726.17 Activity Accounting Journal: 1,529.54 Mar Interest Allocation FL Monroe County Board of CLASS County Commissioners - 03/31/2024, 361000:Interest&Other Income, Debit:0, Credit:1529.54 Activity Accounting Journal: 154.43 Monthly Interest Allocation Monroe County Board of Mar 24 County Commissioners - 03/31/2024, 361000:Interest&Other Income, Debit:0, Credit:154.43 Activity Accounting Journal: 3,702.53 Mar Interest Allocation FL Monroe County Board of FIT County Commissioners - 03/31/2024, 361000:Interest&Other Income, Debit:0, Credit:3702.53 Activity Accounting Journal: 7,447.81 Mar Interest Allocation Monroe County Board of REGIONS County Commissioners - 03/31/2024, 361000:Interest&Other Income, Debit:0, Credit:7447.81 Activity Accounting Journal: 1,544.05 Apr Interest Allocation FL Monroe County Board of CLASS County Commissioners - 04/30/2024, 361000:Interest&Other Income, Debit:0, Credit:1544.05 Activity 1117 Accounting Journal: 3,352.36 Apr Interest Allocation FL Monroe County Board of FIT County Commissioners - 04/30/2024, 361000:Interest&Other Income, Debit:0, Credit:3352.36 Activity Accounting Journal: 4,582.92 Apr Interest Allocation Monroe County Board of REGIONS County Commissioners - 04/30/2024, 361000:Interest&Other Income, Debit:0, Credit:4582.92 Activity Accounting Journal: 902.20 Monthly Interest Allocation Monroe County Board of Apr 24 County Commissioners - 04/30/2024, 361000:Interest&Other Income, Debit:0, Credit:902.2 Activity Accounting Journal: 10,073.75 May Interest Allocation Monroe County Board of REGIONS County Commissioners - 05/31/2024, 361000:Interest&Other Income, Debit:0, Credit:10073.75 Activity Accounting Journal: 1,549.59 May Interest Allocation FL Monroe County Board of CLASS County Commissioners - 05/31/2024, 361000:Interest&Other Income, Debit:0, Credit:1549.59 Activity Accounting Journal: 3,465.57 May Interest Allocation FL Monroe County Board of FIT County Commissioners - 05/31/2024, 361000:Interest&Other Income, Debit:0, Credit:3465.57 Activity Accounting Journal: 661.74 Monthly Interest Allocation Monroe County Board of May 24 County Commissioners - 05/31/2024, 361000:Interest&Other Income, Debit:0, Credit:661.74 Activity 1118 Accounting Journal: 1,485.47 June Interest Allocation FL Monroe County Board of CLASS County Commissioners - 06/30/2024, 361000:Interest&Other Income, Debit:0, Credit:1485.47 Activity Accounting Journal: 3,355.44 June Interest Allocation FL Monroe County Board of FIT County Commissioners - 06/30/2024, 361000:Interest&Other Income, Debit:0, Credit:3355.44 Activity Accounting Journal: 4,891.08 June Interest Allocation Monroe County Board of REGIONS County Commissioners - 06/30/2024, 361000:Interest&Other Income, Debit:0, Credit:4891.08 Activity Accounting Journal: 96.00 Monthly Interest Allocation Monroe County Board of Jun 24 County Commissioners - 06/30/2024, 361000:Interest&Other Income, Debit:0, Credit:96 Activity Accounting Journal: 1,611.38 July Interest Allocation FL Monroe County Board of CLASS County Commissioners - 07/31/2024, 361000:Interest&Other Income, Debit:0, Credit:1611.38 Activity Accounting Journal: 3,410.32 July Interest Allocation FL Monroe County Board of FIT County Commissioners - 07/31/2024, 361000:Interest&Other Income, Debit:0, Credit:3410.32 Activity Accounting Journal: 72.15 Monthly Interest Allocation Monroe County Board of Jul 24 County Commissioners - 07/31/2024, 361000:Interest&Other Income, Debit:0, Credit:72.15 Activity 1119 Accounting Journal: 9,165.70 July Interest Allocation Monroe County Board of REGIONS County Commissioners - 07/31/2024, 361000:Interest&Other Income, Debit:0, Credit:9165.7 Activity Accounting Journal: 12,229.93 August Interest Allocation Monroe County Board of REGIONS County Commissioners - 08/31/2024, 361000:Interest&Other Income, Debit:0, Credit:12229.93 Activity Accounting Journal: 1,622.10 August Interest Allocation Monroe County Board of FL CLASS County Commissioners - 08/31/2024, 361000:Interest&Other Income, Debit:0, Credit:1622.1 Activity Accounting Journal: 3,425.72 August Interest Allocation Monroe County Board of FL FIT County Commissioners - 08/31/2024, 361000:Interest&Other Income, Debit:0, Credit:3425.72 Activity Accounting Journal: 807.42 Monthly Interest Allocation Monroe County Board of Aug 24 County Commissioners - 08/31/2024, 361000:Interest&Other Income, Debit:0, Credit:807.42 Activity Accounting Journal: 10,528.94 September Interest Monroe County Board of Allocation REGIONS County Commissioners - 09/30/2024, 361000:Interest&Other Income, Debit:0, Credit:10528.94 Activity Accounting Journal: 1,462.56 September Interest Monroe County Board of Allocation FL CLASS County Commissioners - 09/30/2024, 361000:Interest&Other Income, Debit:0, Credit:1462.56 Activity 1120 Accounting Journal: 2,817.50 September Interest Monroe County Board of Allocation FL FIT County Commissioners - 09/30/2024, 361000:Interest&Other Income, Debit:0, Credit:2817.5 Activity Accounting Journal: 295.81 Monthly Interest Allocation Monroe County Board of Sep 24 County Commissioners - 09/30/2024, 361000:Interest&Other Income, Debit:0, Credit:295.81 Activity Accounting Journal: 0.75 Fund balance rounding - Monroe County Board of audited ACFR County Commissioners - 10/02/2023, 361000:Interest&Other Income, Debit:0, Credit:0.75 Activity Accounting Journal: 1,674.38 Oct Interest Allocation FL Monroe County Board of CLASS County Commissioners - 10/31/2023, 361000:Interest&Other Income, Debit:0, Credit:1674.38 Activity Accounting Journal: 1,808.63 Montly Interest Allocation Monroe County Board of Oct 23 County Commissioners - 10/31/2023, 361000:Interest&Other Income, Debit:0, Credit:1808.63 Activity Accounting Journal: 3,594.50 Oct Interest Allocation FL Monroe County Board of FIT County Commissioners - 10/31/2023, 361000:Interest&Other Income, Debit:0, Credit:3594.5 Activity Accounting Journal: 38.75 Oct Interest Allocation FL Monroe County Board of PALM County Commissioners - 10/31/2023, 361000:Interest&Other Income, Debit:0, Credit:38.75 Activity 1121 Accounting Journal: 6,162.65 Oct Interest Allocation Monroe County Board of REGIONS County Commissioners - 10/31/2023, 361000:Interest&Other Income, Debit:0, Credit:6162.65 Activity Accounting Journal: 1,550.25 Nov Interest Allocation Monroe County Board of REGIONS County Commissioners - 11/30/2023, 361000:Interest&Other Income, Debit:0, Credit:1550.25 Activity Accounting Journal: 1,589.84 Nov Interest Allocation FL Monroe County Board of CLASS County Commissioners - 11/30/2023, 361000:Interest&Other Income, Debit:0, Credit:1589.84 Activity Accounting Journal: 1,977.32 Nov Interest Allocation FL Monroe County Board of PALM County Commissioners - 11/30/2023, 361000:Interest&Other Income, Debit:0, Credit:1977.32 Activity Accounting Journal: 3,566.67 Nov Interest Allocation FL Monroe County Board of FIT County Commissioners - 11/30/2023, 361000:Interest&Other Income, Debit:0, Credit:3566.67 Activity Accounting Journal: 580.17 Montly Interest Allocation Monroe County Board of Nov 23 County Commissioners - 11/30/2023, 361000:Interest&Other Income, Debit:0, Credit:580.17 Activity Accounting Journal: 1,323.02 Dec Interest Allocation FL Monroe County Board of CLASS County Commissioners - 12/31/2023, 361000:Interest&Other Income, Debit:0, Credit:1323.02 Activity 1122 Accounting Journal: 3,331.62 Dec Interest Allocation FL Monroe County Board of FIT County Commissioners - 12/31/2023, 361000:Interest&Other Income, Debit:0, Credit:3331.62 Activity Accounting Journal: 42.68 Montly Interest Allocation Monroe County Board of Dec 23 County Commissioners - 12/31/2023, 361000:Interest&Other Income, Debit:0, Credit:42.68 Activity Accounting Journal: 51.70 Dec Interest Allocation FL Monroe County Board of PALM County Commissioners - 12/31/2023, 361000:Interest&Other Income, Debit:0, Credit:51.7 Activity Accounting Journal: 7,295.59 Dec Interest Allocation Monroe County Board of REGIONS County Commissioners - 12/31/2023, 361000:Interest&Other Income, Debit:0, Credit:7295.59 Activity Accounting Journal: 609.90 Fiscal Year End Allocation Monroe County Board of of Interest Receivable County Commissioners - 09/30/2024, 361000:Interest&Other Income, Debit:0, Credit:609.9 Activity Accounting Journal: 45,000.00 MORTGAGE Monroe County Board of SATISFACTION County Commissioners - JACOBSON, HEIDI JO, 21 09/30/2024, NORTH END RD. KEY 369000:Miscellaneous LARGO, FL 33037 Revenue, Debit:0, Credit:45000 Activity Operational Journal: 35,000.00 MORTGAGE Monroe County Board of SATISFACTION GRIFFEN, County Commissioners - PATRICK WARREN, 02/26/2024, 31342 AVE 1, BIG PINE 369000:Miscellaneous KEY, FL 33043 Revenue, Debit:0, Credit:35000 Activity 1123 Operational Journal: 184,701.84 MORTGAGE Monroe County Board of SATISFACTION GRIDER, County Commissioners - CHELSEA, 31019 AVENUE 03/25/2024, C, BIG PINE, KEY, 33043 369000:Miscellaneous Revenue, Debit:0, Credit:184701.84 Activity Operational Journal: 127,043.51 MORTGAGE Monroe County Board of SATISFACTON VALERA, County Commissioners - NAYEMA, 350 E SANDY 04/04/2024, CIRCLE, BIG PINE KEY, 369000:Miscellaneous 33043 Revenue, Debit:0, Credit:127043.51 Activity Operational Journal: 45,000.00 MORTGAGE Monroe County Board of SATISFACTION LOPEZ, County Commissioners - TANYA&JOSE, 2 05/31/2024, SEASIDE SOUTH COURT, 369000:Miscellaneous KEY WEST 33040 Revenue, Debit:0, Credit:45000 Activity Operational Journal: 5,990.00 MORTGAGE Monroe County Board of SATISFATION County Commissioners - CERVANTES, AIDA, 127 05/31/2024, SNAPPER CREEK DRIVE, 369000:Miscellaneous LONG KEY, 33001 Revenue, Debit:0, Credit:5990 Activity Operational Journal: 45,000.00 MORTGAGE Monroe County Board of SATISFACTION ROMAN, County Commissioners - JOAN-5030-5TH AVENUE, 06/17/2024, UNIT#32 STOCK ISLAND, 369000:Miscellaneous FL 33040 Revenue, Debit:0, Credit:45000 Activity Operational Journal: 45,000.00 MORTGAGE Monroe County Board of SATISFACTION JACK County Commissioners - AND GAIL MILLER, 18- 06/28/2024, 6TH AVENUE, KEY WEST, 369000:Miscellaneous 33040 Revenue, Debit:0, Credit:45000 Activity Operational Journal: 45,000.00 MORTGAGE Monroe County Board of SATISFACTION FULLER, County Commissioners - SHARRON WILLIAM 29 09/09/2024, 7TH AVENUE, KEY WEST, 369000:Miscellaneous FL Revenue, Debit:0, Credit:45000 Activity 1124 Operational Journal: 4,100.00 MORTGAGE Monroe County Board of SATISFACTION FULLER, County Commissioners - EVELYN CASPER 1465 09/25/2024, LONG BEACH RD., BIG 369000:Miscellaneous PINE KEY, FL 33043 Revenue, Debit:0, Credit:4100 Activity Operational Journal: 2,760.00 Mortgage Satisfaction Janet Monroe County Board of LeGraff(Loveland), 2254 County Commissioners - San Marco Drive, Big Pine 11/08/2023, Key FL 33040 369000:Miscellaneous Revenue, Debit:0, Credit:2760 Activity Operational Journal: 45,000.00 Mortgage Satisfaction Monroe County Board of Lindsay Regan Sayer 5030 County Commissioners - 5th Avenue South #23 11/08/2023, Stock Island 33040 369000:Miscellaneous Revenue, Debit:0, Credit:45000 Activity 629,595.35 Total Revenue 779,302.65 1125 SHIP REVENUE AUDIT TRAIL FISCAL YEAR 2023 Fund Accounting Date Revenue Category Journal Line F_153 Local 1/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 01/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:1195.95 Activity F_153 Local 1/31/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 01/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:1235.08 Activity F_153 Local 1/31/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 01/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:584.85 Activity F_153 Local 1/31/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 01/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:6784.22 Activity F_153 Local 2/28/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 02/28/2023, 361000:lnterest& Other Income, Debit:0, Credit:1032.03 Activity F_153 Local 2/28/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 02/28/2023, 361000:lnterest& Other Income, Debit:0, Credit:543.32 Activity 1126 F_153 Local 2/28/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 02/28/2023, 361000:lnterest& Other Income, Debit:0, Credit:926.52 Activity F_153 Local 2/28/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 02/28/2023, 361000:lnterest& Other Income, Debit:2674.09, Credit:0 Activity F_153 Local 3/31/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 03/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:1049 Activity F_153 Local 3/31/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 03/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:11790.09 Activity F_153 Local 3/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 03/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:25.4 Activity F_153 Local 3/31/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 03/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:613.26 Activity F_153 Local 4/30/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 04/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:1056.07 Activity 1127 F_153 Local 4/30/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 04/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:1100.29 Activity F_153 Local 4/30/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 04/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:3815.53 Activity F_153 Local 4/30/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 04/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:468.26 Activity F_153 Local 5/31/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 05/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:1136.37 Activity F_153 Local 5/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 05/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:510.2 Activity F_153 Local 5/31/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 05/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:998.34 Activity F_153 Local 5/31/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 05/31/2023, 361000:lnterest& Other Income, Debit:2790.19, Credit:0 Activity 1128 F_153 Local 6/30/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 06/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:1073.41 Activity F_153 Local 6/30/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 06/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:1097.88 Activity F_153 Local 6/30/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 06/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:29.88 Activity F_153 Local 6/30/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 06/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:8.62 Activity F_153 Local 6/30/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 06/30/2023, 361000:lnterest& Other Income, Debit:2598.21, Credit:0 Activity F_153 Local 7/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 07/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:1805.78 Activity F_153 Local 7/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 07/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:3367.55 Activity 1129 F_153 Local 7/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 07/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:35.26 Activity F_153 Local 7/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 07/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:8241.42 Activity F_153 Local 8/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 08/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:1873.66 Activity F_153 Local 8/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 08/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:3465.65 Activity F_153 Local 8/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 08/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:38.82 Activity F_153 Local 8/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 08/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:808.66 Activity F_153 Local 8/31/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 08/31/2023, 361000:lnterest& Other Income, Debit:0, Credit:8713.91 Activity 1130 F_153 Local 9/30/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 09/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:10405.15 Activity F_153 Local 9/30/2023 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 09/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:10450.79 Activity F_153 Local 9/30/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 09/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:2017.88 Activity F_153 Local 9/30/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 09/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:264.22 Activity F_153 Local 9/30/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 09/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:367.1 Activity F_153 Local 9/30/2023 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 09/30/2023, 361000:lnterest& Other Income, Debit:0, Credit:6567.53 Activity F_153 Local 10/30/2022 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 10/30/2022, 361000:lnterest& Other Income, Debit:0.4, Credit:0 Activity 1131 F_153 Local 10/31/2022 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 10/31/2022, 361000:lnterest& Other Income, Debit:0, C red it:174.26 Activity F_153 Local 10/31/2022 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 10/31/2022, 361000:lnterest& Other Income, Debit:0, Credit:654.05 Activity F_153 Local 10/31/2022 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 10/31/2022, 361000:lnterest& Other Income, Debit:0, Credit:877.61 Activity F_153 Local 10/31/2022 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 10/31/2022, 361000:lnterest& Other Income, Debit:0, Credit:9.92 Activity F_153 Local 11/30/2022 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 11/30/2022, 361000:lnterest& Other Income, Debit:0, Credit:1367.09 Activity F_153 Local 11/30/2022 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 11/30/2022, 361000:lnterest& Other Income, Debit:0, Credit:52.39 Activity F_153 Local 11/30/2022 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 11/30/2022, 361000:lnterest& Other Income, Debit:0, Credit:7063.31 Activity 1132 F_153 Local 11/30/2022 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 11/30/2022, 361000:lnterest& Other Income, Debit:0, Credit:995.44 Activity F_153 Local 12/31/2022 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 12/31/2022, 361000:lnterest& Other Income, Debit:0, Credit:1167.04 Activity F_153 Local 12/31/2022 RC_00299- Interest Accounting Journal: Housing Earnings 361000 Monroe County Board of Assistance County Commissioners- 12/31/2022, 361000:lnterest& Other Income, Debit:0, Credit:27.27 Activity F_153 Local 12/31/2022 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 12/31/2022, 361000:lnterest& Other Income, Debit:0, Credit:3811.34 Activity F_153 Local 12/31/2022 RC_00306- Interest Accounting Journal: Housing Earnings 001 361000 Monroe County Board of Assistance County Commissioners- 12/31/2022, 361000:lnterest& Other Income, Debit:0, Credit:709.84 Activity F_153 Local 1/11/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 01/11/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:7700 Activity F_153 Local 2/8/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 02/08/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:19687.5 Activity 1133 F_153 Local 2/22/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 02/22/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:47203 Activity F_153 Local 3/17/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 03/17/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:19687.5 Activity F_153 Local 4/6/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 04/06/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:10362 Activity F_153 Local 6/21/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 06/21/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:14000 Activity F_153 Local 6/21/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 06/21/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:45000 Activity F_153 Local 7/7/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 07/07/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:4491.63 Activity F_153 Local 7/7/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 07/07/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:45000 Activity 1134 F_153 Local 7/7/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 07/07/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:73432.14 Activity F_153 Local 7/7/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 07/07/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:75000 Activity F_153 Local 7/18/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 07/18/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:3526.67 Activity F_153 Local 7/28/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 07/28/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:45000 Activity F_153 Local 9/6/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 09/06/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:25000 Activity F_153 Local 9/6/2023 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 09/06/2023, 369000:Miscellaneous Revenue, Debit:0, Credit:288687.74 Activity F_153 Local 12/14/2022 RC_00339- Miscellaneous Operational Journal: Housing SHIP Mortgage Monroe County Board of Assistance Satisfactions 369000 County Commissioners- 12/14/2022, 369000:Miscellaneous Revenue, Debit:0, Credit:35000 Activity Total Revenue 1135 F_153 Local 1/27/2023 RC_00076- State Shared Operational Journal: Housing Economic Environment Monroe County Board of Assistance State Housing Initiative County Commissioners- Partnership (SHIP) 335500 01/27/2023, 335500:State Shared Revenue Economic Environment, Debit:0, Credit:100000 Activity F_153 Local 7/20/2023 RC_00076- State Shared Operational Journal: Housing Economic Environment Monroe County Board of Assistance State Housing Initiative County Commissioners- Partnership (SHIP) 335500 07/20/2023, 335500:State Shared Revenue Economic Environment, Debit:0, Credit:968564 Activity 1136 Actuals Memo 1,195.95 FirHorizon interestJan23 1,235.08 FL Class Interest Allocation Jan 23 584.85 FL Palm Interest Allocation Jan 23 6,784.22 PFM Interest less Analysis Fee Jan23 1,032.03 FirHorizon interest Feb23 543.32 FL Palm Interest Allocation Feb 23 1137 926.52 FL Class Interest Allocation Feb 23 (2,674.09) PFM Interest less Analysis Fee Feb23 1,049.00 FL Class Interest Allocation Mar 23 11,790.09 PFM Interest less Analysis Fee Mar23 25.40 FirHorizon interest Mar23 613.26 FL Palm Interest Allocation Mar 23 1,056.07 FL Class Interest Allocation Apr 23 1138 1,100.29 FL Palm Interest Allocation Apr 23 3,815.53 PFM Interest less Analysis Fee APR 23 468.26 FirHorizon interest Apr 23 1,136.37 FL Class Interest Allocation May 23 510.20 FirHorizon interest May 23 998.34 FL Palm Interest Allocation May 23 (2,790.19) PFM Interest less Analysis Fee MAY 23 1139 1,073.41 FL Class Interest Allocation Jun 23 1,097.88 FL Palm Interest Allocation Jun 23 29.88 FirHorizon interest Jun 23 8.62 FL Class Interest Allocation Jun 23 (2,598.21) PFM Interest less Analysis Fee JUN 23 1,805.78 Jul Interest Allocation FL CLASS 3,367.55 Jul Interest Allocation FL PALM 1140 35.26 FirHorizon interest Jun 23 8,241.42 Jul Interest Allocation PFM 1,873.66 Aug Interest Allocation FL CLASS 3,465.65 Aug Interest Allocation FL PALM 38.82 Montly First Horizon Interest Allocation Aug 23 808.66 Aug Interest Allocation FL PALM only not Term 8,713.91 Aug Interest Allocation DEEP BLUE 1141 10,405.15 Sep Interest Allocation FL PALM 10,450.79 Fiscal Year End Allocation of Interest Receivable 2,017.88 Sep Interest Allocation FL CLASS 264.22 Sep Interest Allocation FL FIT 367.10 Montly Interest Allocation Sep 23 6,567.53 Sep Interest Allocation DEEP BLUE (0.40) Fund balance rounding 1142 174.26 PFM Int less analysis fee- Oct 22 654.05 FL Palm Interest Allocation Oct 22 877.61 FL Class Interest Allocation Oct 22 9.92 FirHorizon interest Oct 22 1,367.09 FL Palm Interest Allocation Nov 22 52.39 FirHorizon interest Nov 22 7,063.31 PFM Interest less Analysis Fee Nov22 1143 995.44 FL Class Interest Allocation Nov 22 1,167.04 FL Class Interest Allocation Dec 22 27.27 FirHorizon interest Dec 22 3,811.34 PFM Interest less Analysis Fee Dec22 709.84 FL Palm Interest Allocation Dec 22 7,700.00 MORTGAGE SATISFACTION-JOSE LUIS FLORES 435 BIG PINE RD, KEY LARGO 33037 19,687.50 MORTGAGE SATIFACTION-PAUL HEIN, 281 WOODS AVE, UNIT 2 TAVENIER, FL 33070 1144 47,203.00 R. PUJOL MORT SAT 406 BALI DO, KEY WEST 19,687.50 MORTGAGE SATISFACTION PETERSHEIM BENJAMIN & ELIZABETH 281 WOODS AVE UNIT 4 TAVERNIER 10,362.00 MORTGAGE SATISFACTION-BONNIE CUCCHI 2002 109TH ST GULF MARA 14,000.00 MORTGAGE SATISFACTON MARION H. WALTON JR 45,000.00 MORTGAGE SATISFACTION SARAH COX 149 GOLF CLUB DRIVE KW 33040 4,491.63 MORTGAGE SATISFACTION GREG LEPOCK/CYNTHIA GAVIN 30416 COCNUT HWY BIG PINE KEY 45,000.00 FORECLOSURE ASHELY STEPHENS GRIFFITH 303 GRINELL ST B404 KW 33040 1145 73,432.14 MORTGAGE SATISFACTION JESSA ULLOM 201 COPPITT RD 206A DR KW 33040 75,000.00 MERIDIAN WEST LTD. AFFORDABLE RENTAL LOAN PAYOFF 3,526.67 Mortgage Payoff Charles and Pamela VanMeter 30918 Edward Road PBK 45,000.00 MORTGAGE APYOFF EDGARDO VAZQUES & STEPHEN LAPOINTE 45 TH AVE, KW 25,000.00 MORTGAGE SATISFACTION KATHERINE PETERS SEASIDE RESIDENCES #9 288,687.74 MORTGAGE SATISFACTION JAMIE & MICHAEL CRESPO 3713 DUCK AVE KEY WEST FL 33040 35,000.00 MORTGAGE SATISFACTION-FRANKE, JENNIFER 1010 GRINNELL ST UNIT C 758,778.18 863,122.80 1146 100,000.00 HHRP Hurricane Ian and 100,000.00 Nicole 968,564.00 SHIP Annual Distribution FY2023-2024 1147