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

input was solicited through the local newspaper in the of the Local advertising Housing Assistance Plan and the Notice of Funding Availability. U: ArchiveJSHIP/LHAPS 2003-04 LHAP Forms dtd 9_ 03/LHAP Template 9_ 2003 # 3dr_TB 2-  H. Advertising and Outreach Chapter 67-37.005( 6)(a), F.A. C. The county or eligible municipality or its administrative representative shall advertise the notice of funding availability 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. Discrimination: Section 420.9075( 3)(c), F.S. In accordance with the provisions of ss. 760. 20- 760. 37, it is unlawful to discriminate on the basis of race, creed, religion, color, age, sex, marital status, familial status, national origin, or handicap in the award application process for eligible housing. J. Support Services and Counseling: Chapter 67-37.005( 5)(g), F.A. C. Support services are available from various source$. Available support services may include but are not limited to: Homeownership Counseling ( Pre and Post), Credit Counseling, Tenant Counseling and Transportation K. Purchase Price Limits: Section 420. 9075( 4)( c), F. S. and Chapter67- 37. 007(6) F. A.C. 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 whlch the award occurs. The sales price of new and existing units, which can be lower but may not exceed 90% of the median area purchase price established by the U. S. Treasury Department or as described above. The methodology used by Okaloosa County ( local government) is: L- Bond Study Numbers provided by Florida Housing Finance Corporation Independent Study ( copy attached) U. S. Treasury Department Local HFA Numbers The purchase price limits shall run concurrently with those set annually by the State: New Homes: 258, 637. 50 281. 137. 50 Existing Homes: 2S8, e37. 50 281. 137. 50 L. Income Limits, Rent Limits and Affordability: Chapter 67-37.005( 5)(e), F.A. C. .and Section 420. 9071( 2), F.S. The Income and Rent Limits used in the SHIP Program are updated from the Housing Finance Corporation. 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 ( 19), ( 20) and (28), 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. U: ArchivelSHIPL/ HAPS 2003-04 LHAP Forms dtd 9_ 03/LHAP Template 9_ 2003 # 3dr_TB 3-  M. Welfare Transition Program: Chapter 67- 37.005( 6)( b)(7)F.A. C. Should a an eligible sponsor be used, the city/ county has developed a qualification system and selection criteria for applications for Awards to eligible sponsors, which includes a description that demonstrates how eligible sponsors that employed personnel from the WAGES and Workforce Development Initiatives programs will be given preference in the selection process. N. Monitoring and First Right of Refusal: Section 420. 9075( 3)(e) and (4) ( f), F.S. In the case of rental housing, the staff or entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, tothe extent another governmental entity provides the same 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 $3, 000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored for at least annually for 15 years or the term of assistance which ever 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. o. Administrative Budget: Chapter 67-37.005( 6)(f) 3, F.A. C.. A detailed listing including line- item budget of proposed Administrative Expenditures is attached as Exhibit A. These are presented on an annual basis for each State fiscal year submitted. The Okaloosa County/ City of Fort Walton Beach finds that the moneys deposited in the local housing assistance trust fund shall be used to administer and the local implement housing assistance plan. The cost of administering the plan may not exceed 5 percent of the local housing distribution moneys and program income deposited into the trust fund. 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 ~ocal housing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing