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Resolution 087-1994 .' ., '> MCHA ~ RESOLUTION NO. 087 -1994 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, AMENDING THE SHIP 1992-1995 ;; LOCAL HOUSING ASSISTANCE PLAN - ~,~ :: AMENDMENT NUMBER TWO (2). ~ -q Pl WHEREAS, the Monroe County Board of County Ordinance number 012-1993 - SHIP on March 24, 1993 and; :3: 8 :J:;:> :::0 LV ~- 0 Z:-:::,: -7; Co.sioner~ ap~ved ~.~ j::;. -~J -.l '-., WHEREAS, the Monroe County Board of County Commissioners approved the' Monroe County 1992-1995 Local Housing Assistance Plan on April 14, 1993 and; WHEREAS, the Florida Housing Finance Agency approved the Monroe County 1992-1995 Local Housing Assistance Plan on June 18, 1993 and; WHEREAS, the Monroe County Board of County Commissioners approved the Monroe County 1992-1995 Local Housing Assistance Plan Amendment Number One, Resolution # 501-1993 on November 10, 1993 and; WHEREAS, the Monroe County Housing Authority, Special Programs Office received 182 SHIP Program down payment and closing costs first-time homeownership assistance applications during the application period and; WHEREAS, the Monroe County Housing Authority, Special Programs Office received only two (2) SHIP Program rental assistance applications during the application period and; WHEREAS, the Monroe County Housing Authority, Special Programs Office has requested updated median area purchase price, Monroe County SHIP-Program from the Florida Housing Finance Agency on October 21, 1993 to expand housing opportunities for down payment and closing costs assistance for applicants due to a shortage of homes priced at less than the previously established median area purchase prices and; WHEREAS, the Florida Housing Finance Agency Board approved an increase of the median area purchase price for Monroe County for existing homes from $83,160 to $118,302, and new homes from $95,400 to $135,714 on January 28, 1994 and; WHEREAS, the Florida Housing Finance Agency has requested two changes to Plan Amendment Number one (1) and; WHEREAS, the demand for first-time homeownership down payment and closing costs assistance exceeds the limited funds available for eligible and qualified residents and; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS that the County hereby approves, effective this date, the amended 1992-1993 SHIP Plan Budget, Housing Delivery Goals for SHIP funds to provide additional funds for homeownership strategies and to address the Florida Housing Finance Agency requested changes, as attached, to meet the affordable housing needs of the citizens of Monroe County. PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County, Florida, at a regular meeting of said Board held on the 23rd day of March A.D., 1994. ATTEST: DANNY L. KOLHAGE, Mayor/Chairman roved as to form 0 a~ and legal sufficiency: (< BOARD OF COUNTY COMMISSIONERS OF M OE COUNTY, FLORIDA L~ Date: Mayor London yes Mayor Pro Tern Cheal yes Commissioner Freeman ye s Commissioner Harvey yes Commissioner Reich yes MONROE COUNTY LOCAL HOUSING ASSISTANCE PLAN SECOND AMENDMENT REVISIONS PROGRAM ELIGIBILITY (THRESHOLD) REQUIREMENTS . All recipients must be permanent residents of Monroe County. (1 yem") . Eligibility is restricted to Rousehelds that derh<e at least 70~~ of their household mcome from gainfu.l employment in Monroe CoUHty and/0r those applicants meeting f-ederal disabilities criteria reqmrements. . All recipients must be willing to execute a program affordability agreement. . All home-ownership recipients must reside in their home as a primary residence and qualify for a homestead exemption. . All program eligible rental units must be rented to the very-low to moderate mcome persons. . All recipients of SHIP and/or HOME match funds must be willing to execute a junior mortgage on their property containing affordability and assumption prOViSIons. . All recipients must fall within the income guidelines established pursuant to SHIP as updated annually. Recipient must permit the verification of the gross anticipated household income to determine qualification as defmed and calculated in the Florida Housing Finance Agency SHIP Compliance Guidelines. . All homeownership recipients must provide in cash an amount not less than 3% of the purchase price as a down payment. . All homeownership recipients must secure a permanent first mortgage. SELECTION CRITERIA Recipient selection within the first-time home-ownership strategy, will be by public random drawing. The homeownership emergency heme repair, new construction and rehabilitation (owner-occupied) strategy~ and the two (2) rental strategies will be on a first come/first service basis consistent with a completed qualified application per each strategy as detailed in the SHIP Program Notice of Funding Availability. Preference will be to qualified very-low, low and moderate income applicants pursuant to the Plan strategy. A minimum of thirty percent (30%) of the units addressed will be very-low income households. An additional thirty percent (30%) of the units addressed will be low income households. A priority will be permitted due to a documented emergency condition which threatens life, safety, and is a result of an act of nature. A committee comprised of the Mayor of Monroe County, the Mayor of the City of Key West, and the Chairman of the Monroe County Land Authority shall determine if a preference is to be given. Eligible homeownership applicants will be issued a commitment by the Special Programs Office for an amount up to $14,000 to assist in the acquisition and/or construction of a home. This commitment will encumber SHIP funds. The applicant shall have 120--eQ-days to select a home and apply for and obtain a first mortgage. The applicaBt shalll1a.ye an adtlitieBal 60 days to receive approval for a first mortgage. The applicant shall have an additional 60 days to close the transaction if required. If at any time applicants are unable to meet the time schedules, the commitment will become null and void. The order of issuance of commitments shall be prioritized by drawing. Drawings shall be by the Mayor of Monroe County or his designate at an announced public location.. Notice of Funding Availability will not be re-advertised until all initial eligible applicants have had an opportunity to participate. Concurrent with the application process the Special Programs Office will solicit local lending institutions, private lenders and mortgage bankers to participate in providing rust mortgages and issue commitments (encumbrance) of SillP funds to them for utilization in conjunction with qualified applicants. MONROE COUNTY LOCAL HOUSING ASSISTANCE PLAN SECOND AMENDMENT REVISIONS PROGRAM ELIGIBILITY (THRESHOLD) REQUIREMENTS . All recipients must be permanent residents of Monroe County. . All recipients must be willing to execute a program affordability agreement. . All home-ownership recipients must reside in their home as a primary residence and qualify for a homestead exemption. . All program eligible rental units must be rented to the very-low to moderate mcome persons. . All recipients of SHIP and/or HOME match funds must be willing to execute a junior mortgage on their property containing affordability and assumption proVISIOns. . All recipients must fall within the income guidelines established pursuant to SHIP as updated annually. Recipient must permit the verification of the gross anticipated household income to determine qualification as defined and calculated in the Florida Housing Finance Agency SHIP Compliance Guidelines. . All homeownership recipients must provide in cash an amount not less than 3% of the purchase price as a down payment. . All homeownership recipients must secure a permanent first mortgage. SELECTION CRITERIA Recipient selection within the frrst-time home-ownership strategy, will be by public random drawing. The homeownership emergency repair, new construction and rehabilitation (owner-occupied) strategy's and the two (2) rental strategies will be on a first come/frrst service basis consistent with a completed qualified application per each strategy as detailed in the SHIP Program Notice of Funding Availability. Preference will be to qualified very-low, low and moderate income applicants pursuant to the Plan strategy. A minimum of thirty percent (300,/0) of the units addressed will be very-low income households. An additional thirty percent (300,/0) of the units addressed will be low income households. A priority will be permitted due to a documented emergency condition which threatens life, safety, and is a result of an act of nature. A committee comprised of the Mayor of Monroe County, the Mayor of the City of Key West, and the Chairman of the Monroe County Land Authority shall determine if a preference is to be given. Eligible homeownership applicants will be issued a commitment by the Special Programs Office for an amount up to $14,000 to assist in the acquisition and/or construction of a home. This commitment will encumber SHIP funds. The applicant shall have 120 days to select a home and apply for and obtain a first mortgage. The applicant shall have an additional 60 days to close the transaction if required. If at any time applicants are unable to meet the time schedules, the commitment will become null and void. The order of issuance of commitments shall be prioritized by drawing. Drawings shall be by the Mayor of Monroe County or his designate at an announced public location.. Notice of Funding Availability will not be re-advertised until all initial eligible applicants have had an opportunity to participate. Concurrent with the application process the Special Programs Office will solicit local lending institutions, private lenders and mortgage bankers to participate in providing first mortgages and issue commitments (encumbrance) of SHIP funds to them for utilization in conjunction with qualified applicants. ~ RECt.ilJEO fEB 8 \994 G-"'- t:' . I - ---. fLORIDA HOUSING FINANCE AGENCY KEY WEST HOUSING AUTHORllY . ! . ~ v .... I , I ,;! I p' " . l._~, ~ "I .., .. i : ~ I , 'U . _J 1..::J~ . -. ----t- '. L"WlQo. CHllf~ (,.crvtof1... THQo.t"~ ... lo,^rklN!> Chl'llflT\itr' OTl~ PIns, ,t ~t(rC".mn\if" '-,_X:"", '; '~ ~~~' February 1, 1994 -boon (, II W'rO (CClISTON(, IL WlllI"M (, '''U' HOtL"NO m CAli H, M"- ns PI.MlLA t, r"LA WIlliAM " tAMSn THOMAS ", SHYfNS CERTIFIED MAIL RETURN RECEIPT REOUESTED LIND" LOOMIS SHULl\' h.()thf,MI M"-RK H(NDRICKS<>'- h,,"l. UlM" [')Itl' 101 The Honorable Jack London, Chairman Monroe County Board of Commissioners Post Office Box 1980 Key West, Florida 33040 Re: Monroe County State Fiscal Year 1992-1995 Local Housing Assistance Plan, Amendment #1 Dear Chairman London: The SHIP Review Committee has reviewed your request to amend the Monroe County Local Housing Assistance Plan. The Committee has requested that you provide additional information which is identified in the attachment before approval is granted. Please review the comments and resubmit the Plan ad~~essing each of the comments within 30 days from the receipt of this letter. If you should have any questions regarding the SHIP Program or the comments, please contact Mrs. Beverly B. Cliett, at 904/488- 9285. MAH/cj Attachment cc: Mr. Roger Braun 2574 SP.CATE DRIVE - SUITE 101 . T'ALlAHASSEE, FLORIDA 32301.5026 . (904) 488-4197 . FAX (904) 488-9809 STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM COMMENTS ON 1992-95 LOCAL HOUSING ASSISTANCE PLAN AMENDMENT #1 MONROE COUNTY FEBRUARY 1, 1994 1. The Program Eligibility (Threshold) Requirements for the Monroe County SHIP Program provides: a. All recipients must be permanent residents of Monroe for one year. b.. Eligibility is restricted to households that derive at least 70% of their household income from gainful employment in Monroe County and/or those applicants meeting federal disabilities criteria requirements. Pursuant to Rule 9I-37.007(lS), F.A.C., you may require that eligible households who receive assistance under the SHIP Program agree to reside in Monroe County, but you may not stipulate a time period. Requirement b. is considered discriminatory against the handicapped, the aged, and those residents of Monroe County who work in another county. Please remove the one-year residency requirement, and the employment criteria from the Plan. ~~ J' .'. 7 2 requirements. In the event both PrOQrams have restrictions on the same lssue. the more restrictive reQulation shall take precedence. It one Proqram is silent on an issue. the Proqram with a reQulatlon on the issue shall aoolY. (15) The Local Government county or Eligible Municipality may require that recipients of assistance under the SHIP ProQram program be residents of the ~ocal Governmental 1urisdiction which hll county or Eligible Municipality \lihich has been approved for reccipt of SHIP Funds fundo or rcsidento of thooe juriodictione having interlocal agreements and havc been approved for receipt of SHIP Funds. funda .' (16) SHIP Funds funda may not be used as a pledge of the debt service on bonds or as rent subsidies. Specific Authority: ~ 420.9072(9), Florida Statutes Law Implemented: ~ 420.9072. Florida Statutes History: New: November 26. 1992: Amended: 91-37.008 Local Housing Assistance Trust Fund (1) Each Local Government county or Bligible Municipality receiving a Local Housing Distribution shall establish and maintain a local housing assistance trust fund. An Interlocal Entity receiving a Local Housing Distribution shall establish a local houoing aaaiotance truot fund with a qualified depository as defined in Chapter 280. Florida Statutes. All moneys of a Local Government county. Eligible Municipality or Interlocal Entity received from its share of the Local Housing Distribution. other moneys received or budgeted by the Local local Governmen~ 34 CHAPTER 91 - 37, FAC, STATE HOOSD<<; INITIATIVES PARTNERSHIP PROGRAM 15l"Jf.tCrIVE JMIJARY 20, 1994 -a c: .t 9:: ~:t: CD ... 0) (I) e & ~ ~ c:"CC\oI.... :i.Ba~ .... c: .... 0 o .. ... ~ ~ it ! ~ ~~i;j~ (,)(I)U,,; ~Q c:. .s g ! .. i ! I 0 I i .., .. 1 , '" I ! '5 ... i I . ! - i I , i ~ I i l ~ I ;; .. ;l! oil ~ ~ ! i I ~ I ;; I :: I . ~ i ~ ~ i"~ ~ ~ g .. :;: JJ I. I I ...! lil 0 i lil ~ ~ ~ ! ~ ~ I ~ ~ Ii ; .. .. I i i ~ !~ . ~O I ! I ! ! t J I ~ ~ ., ! ., , I ~ '5 I! ! r J ~ ~ i i ~ ~ g ! ~ L ... L ! ~l ; i ;; i 2 J ~ ;~ ! I I I! i ! i '" i a. 'f ~ t1l ~ 0 i ~ '5 ! ~ ~ ... 0 0 , 0 :l! ! 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