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Okaloosa County BOCC — 2013 meeting #1140 (date undetermined) — Action Item Printout — reading text
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BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
DATE: July 2, 2013
TO: Honorable Chairman and Members of the Board
FROM: Elliot Kampert
SUBJECT: Approval of Housing Finance Corporation's Recommended Changes to
Local Housing Assistance Plan
DEPARTMENT: Growth Management
BCC DISTRICT: All
STATEMENT OF ISSUE: In order to receive State Housing Initiatives Partnership Program
funds, it is necessary to revise the Local Housing Assistance Plan in accordance with comments
provided by the Florida Housing Finance Corporation.
BACKGROUND: During the regular meeting of May 21, 2013, the Board of County
Commissioners approved for transmittal to the Florida Housing Finance Corporation (FHFC) the
Local Housing Assistance Plan (LHAP) for state Fiscal Years 2013/14 through 2015/16 along
with various supporting documents including the Interlocal Agreement between the County and
City of Ft Walton Beach for implementation of the SHIP program, regulatory certifications, and
the LHAP adopting resolution.
The FHFC has completed its review of the LHAP, and has recommended three changes be made
as stated in the June 13 email from SHIP Program Administrator Robert Dearduff to Brenda
Bailey of the Clerk's Contracts and Grants office (see attached). The County's contract SHIP
administrator, the Okaloosa Community Development Corporation, has reviewed Mr. Dearduff's
recommendations and amended the LHAP accordingly as follows (corrections in red):
1. In section 1, you are missing a description of “Program Administration” which is required and
generally is listed as subsection P. Action: This has been corrected with inclusion of
subsection P on page 4.
2. Be consistent in how you state your forgiveness terms. The committee preferred the way you
stated it on page 7. Action: The Terms, Recapture, and Default sections now consistently
use the term "SHIP Note" except for Strategy E which must reference the deferred
payment loan for clarity.
3. In strategy E, you list the targeted population as 80% AMI, but in the recipient selection criteria for
this strategy you state 120%. Action: Recipient selection criteria have been revised to state
80% (see page 10).
The changes do not affect any of the supporting documents approved concurrent with the LHAP
on May 21. Therefore, it is not necessary to adopt a new resolution or Interlocal Agreement, or
to re-sign the certifications. As provided in the FHFC's rules, the City and County must simply
approve the changes and transmit the revised LHAP for the FHFC's disposition.
OPTIONS: The Board may approve or deny the recommended revisions. Denial would delay
the City's and County's ability to use SHIP funds.
RECOMMENDATIONS: Staff recommends that the Board of County Commissioners approve
the revisions to the Okaloosa County/City of Ft Walton Beach LHAP for Fiscal Years 2013/14
through 2015/16, and authorize staff to transmit the revised plan to the Florida Housing Finance
Corporation.
RECOMMENDED BY:
APPROVED BY:
Ernie Padgett, County Administrator