Fort Walton Beach Resolution — 2009-30-Amend LHAP — reading text

67- 37. 005 F. A. C. 14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies. 15) Developers receiving assistance from both SHIP and the Low Income Housing Tax Credit ( LIHTC) Program shall comply with the income, affordability and other LIHTC requirements, Similarly, any units receiving assistance from other federal programs shall comply with all Federal and SHIP program requirements. 16) Loans shall be provided for periods not exceeding 30 years, except for deferred payment loans or loans that extend beyond 30 years which continue to service eligible persons. 17) Rental Units constructed or rehabilitated with SHIP funds shall be monitored at least annuallyfor 15 yearsfor compliance with tenant income requirements and affordability requirements or as required in Section 420. 9075 ( 3)( e) 18) The Plan meets the requirements of Section 420- 907- 9079 FS, and Rule Chapter 67- 37 FAC, and how each of those requirements shall be met. The provisions of Chapter 83- 220, Laws of Florida _ X_ has or _ has not 19) been implemented. 1fukAA- Mike Anderson, Mayor City of Fort Walton Beach I) ~!) OCj Date Attest by: a,~ Helen Spencer .. City Clerk  LHAP Template 6/ 06 Exhibit D 67~37. 005 F.A. C. CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: OKALOOSA COUNTY GJ) ~ 1) The local government will advertise the availability of ~ Statutes. f1pIC4 I)-- f- r~ oy\ q'~"~ 2) All SHIP funds will be expended in a manner which wi] vJ~ n V-. I the basis of race, creed, religion, color, age, sex, familia. COUll' f status, handicap, or national origin. V-P~~ 3) A process for selection of recipients for funds has been c 4) The eligible municipality or county has developed a qual 5) Recipients of funds will be required to contractually com 6) The Florida Housing Finance Corporation will be notifiea promptly if the local government ( or interlocal entity) will be unable to comply with the provisions the plan. 7) The Local Housing Assistance Plan shall provide for the expenditure of SHIP funds within 24 months following the end of the State fiscal year in which they are received. 8) The plan conforms to the Local Government Comprehensive Plan, or that an amendment to the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the Local Housing Assistance Plan. 9) Amendments to the approved Local Housing Assistance Plan shall be provided to the Corporation with in 21 days after adoption. 10) The trust fund shall be established with a qualified depository for all SHIP funds as well as moneys generated from activities such as interest earned on loans. 11) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. 12) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements, copies of the audits will be forwarded to the Corporation as soon as available. 13) An interlocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year, and the audit forwarded to the Corporation as soon as possible.  LHAP Template 6/ 06 Exhibit D 67- 37. 005 F.A. C. 14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies. 15) Developers receiving assistance from both SHIP and the Low Income Housing Tax Credit ( LIHTC) Program shall comply with the income, affordability and other LIHTC requirements, Similarly, any units receiving assistance from other federal programs shall comply with all Federal and SHIP program requirements. 16) Loans shall be provided for periods not exceeding 30 years, except for deferred payment loans or loans that extend beyond 30 years which continue to service eligible persons. 17) Rental Units constructed or rehabilitated with SHIP funds shall be monitored at least annually for 15 years for compliance with tenant income requirements and affordability requirements or as required in Section 420. 9075 ( 3)( e) 18) The Plan meets the requirements of Section 420- 907- 9079 FS, and Rule Chapter 67- 37 F AC, and how each of those requirements shall be met. 19) The provisions of Chapter 83- 220, Laws of Florida _ X_ has or _ has not been implemented. Witness William J. Roberts III Chairman Okaloosa County Board of County Commissioners Witness Type Name and Title Date OR Attest: Seal)