Okaloosa County BOCC — March 3, 2015 — Resolution Amending Section II F 1 of 2010-2013 LHAP

RESOLUTION NO. 15- A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF OKALOOSA COUNTY, FLORIDA AMENDING SECTION Il F. 1 OF THE 2010-2013 LOCAL HOUSING ASSISTANCE PLAN; AUTHORIZING AND DIRECTING THE CHAIRMAN TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OF THE AMENDED LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND PROVIDING AN EFFECTIVE DATE. Recitals 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 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, on July 19, 2011, the Board of County Commissioners adopted Resolution 11-95 adopting the 2010-2013 Local Housing Assistance Plan, as amended, for the provision of affordable housing as required by Chapter 420, Florida Statutes and Rule 67-37 of the Florida Administrative Code; WHEREAS, Section Il F. 1 of the 2010-2013 LHAP establishes the strategies to be applied to rental housing, including the new construction and rehabilitation of rental housing, but not acquisition of existing homes for rehabilitation and rental; and WHEREAS, the County’s SHIP contractor, the Okaloosa Community Development Corporation (CDC) has found that it used funds allocated under Section Il F. 1 to help acquire existing dwelling units for rehabilitation and rental; and WHEREAS, in order to ensure that the CDC’s expenditure of SHIP funds clearly reflects the strategies provided in the LHAP, it is necessary to revise the LHAP to authorize the use of such funds for the “acquisition” of rental units. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF OKALOOSA COUNTY, FLORIDA that: Section 1: The Board of County Commissioners of Okaloosa County hereby amends the Section I F., LHAP RENTAL STRATEGIES, of the 2010-2013 LHAP to include the word “acquisition” in the Summary of the Strategy as shown below. The remainder of this strategy is unchanged by this amendment. F. LHAP RENTAL STRATEGIES Name of the Strategy: Rehabilitation/New Construction 1. Summary of the Strategy: The intent of this strategy is to leverage state funds with private investors and other non-profits in the rehabilitation of existing substandard low- income rental housing, both single family homes and multi-family apartments or town homes, and to assist in the funding, acquisition, rehabilitation or new construction of rental units within the County and City to further the efforts of low income rental development. Section 2: All provisions not in conflict with this amendment remain in full force and effect, and are to be performed at the level specified in the LHAP. Section 3: The Chairman of the Board of County Commissioners is hereby authorized to execute any documents and certifications required by the Florida Housing Finance Corporation as related to the Local Housing Assistance Plan, and to do all things necessary and proper to carry out the term and conditions of said program. Section 4: This resolution shall take effect immediately upon its adoption. PASSED AND DULY ADOPTED THIS ___™ Day of ATTEST: J.D. Peacock Il Clerk of Circuit Court , 2015. By Nathan D. Boyles, Chairman; Board of County Commissioners