Fort Walton Beach Resolution — 2009-08-Local Housing Assistance Plan — reading text

RESOLUTION 2009-8 A RESOLUTION OF THE CITY OF FORT WALTON FLORIDA, APPROVING THE LOCAL HOUSING BEACH, ASSISTANCE PLAN AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACI', SUBSECTIONS 420. 907-420. 9079, . FLORIDA STATUTES; AND RULE CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING ~ DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; 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 developD,leJ1t and maintenance of affordable housing; and WHEREAS, the State Housing Initiatives Partnership ( SHIP) Act, SSe 420.907420.9079, 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 outlining how funds will be used; and WHEREAS, the SHIP Act requires local governments to establish the maximum SHIP funds allowable for each strategy; and WHEREAS, the SHIP Act further nxJ.Wres local governments to establish an average area purchase price for new and existing housing benefiting trom awards made P.ursuant to the Act; the methodology and purchase prices used are defined in the attached Local Housing Assistance Plan; and WHEREAS, as required by Chapter 67-37.005( 6)( 3, F.A. f) C, It. is found 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. The cost of administering the program may not exceed 10 percent of the local housing distnoution plus 5 percent of program income deposited into the trust fund. except that small counties. as defined in s. 120.52( 11),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.  WHEREAS, the Development Services Division has prepared a tbree-year Local Housing Assistance Plan for submission to the Florida Housing Finance Corporation; and WHEREAS, the City Council finds that it is in the best interest of the public for the City of Fort Walton Beach to submit the Local Housing As~ tance Plan for review and approval so as to qualify for said documentary stamp tax funds; and NOW THEREFORE, BE IT RESOLVED BY THE CITY OF FORT WALTON BEACH: Section 1: The City Council of Fort Walton Beach hereby approves the Local Housing Assistance Plan, as attached and incorporated hereto for submission to the Florida Housing Finance Corporation as required by ss. 420. 907420-9079, Florida Statutes,for fiscal years200712008, 200812009, 200912010. Section 2: The Mayor is hereby designated and authorized to execute any documents and certifications requited by the Florida Housing Finance Corporation as ' related to the Local Housing Assistance Plan,and to do all things necessary and proper to cmy out the term and conditions of said program. Section 3: This resolution shall take effect immediately upon its adoption. Passed and adopted this d.! f- day of March 2009 Mike Anderson,Mayor Approved as to form and legal sufficiency: By: BY. Jo~~. Ctw T~ni L. Craig, City Attorney () DISPOSITION  NAME OF LOCAL GOVERNMENT Okaloosa County and City of Fort Walton Beach SHIP LOCAL HOUSING ASSISTANCE PLAN ( LHAP) FISCAL YEARS COVERED 2007/ 2008, 2008/ 2009 AND 2009/ 2010 Prepared by: Okaloosa Community Development Corporation U: Archive/ SIl PL/HAPS 2003-04 LHAP Forms dtd 9_ 03/LHAP Template 9_ 2003 # 3dr_TB 1-  I. PROGRAM DESCRIPTION Chapter 67- 37. 005 F.A. C. and Section 420. 9072, F. S. A. Name of the participating local government and Interlocal if Applicable: Section 420. 9072( 5),F.S. akaloosa County/ City of Fort Walton Beach Interlocal : Yes _><- No Name of participating local government( s) in the Interlocal Agreement; akaloosa County/ City of Fort Walton Beach A copy of the Interlocal Agreement is attached as Exhibit H. B. Purpose of the program: Section 420. 9072, F. S. and Chapter 67- 37. 005( 3), F. A. C. Creation of the Plan is forthe purpose of meeting the housing needs of the very low, low and moderate- income households, to expand production of and preserve affordable housing, to further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: Chapter 67-37.002,F.A. C. 2L-2007/ 2008 2L-2008/ 2009 2L-2009/ 2010 D. Governance: Chapter 67-37.005( 3) and( 5)( i)F.A. C. and Section 420. 9071( 14) F.S. The SHIP Program is established in accordance with Section 420. 907- 9079, Florida Statutes and Chapter 67- 37.007 Florida Administrative Code. The SHIP Program does further the housing element of the local government ComprehenSive Plan. E. Local Housing Partnership Section 420.9072( 1)( a), F.S. SHIP Program encourages building active between partnerships government, lenders, builders and developers, real estate professionals, advocates for low- income persons and community groups. F. Leveraging: Chapter 67-37.007( 1)( b)(c), F.A. C. and Ssection 420.9075( 1)(a) and 1)(b3, and ( 1)(c), F.S. The Plans are 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: Chapter 67-37.005(3), F.A. C. Public input was solicited through face- to- face meetings with housing providers, social service providers and local lenders and neighborhood associations. Public