Fort Walton Beach Resolution — 2013-13 SHIP - Local Housing Assistance Plan — reading text

RESOLUTION 2013 - 13 A RESOLUTION OF THE CITY OF FORT WALTON BEACH, APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420. 907- 420.9079, FLORIDA STATUTES, AND RULE CHAPTER 67 -37, FLORIDA ADMINISTRATIVE CODE, AUTHORIZING AND 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. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA THAT: Section 1. The State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92 -317 of Florida Sessions Law, allocating a portion of documentary stamp taxes on deeds to local governments for the development and maintenance of affordable housing; and Section 2. 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 -ycar Local Housing Assistance Plan outlining how funds will be used; and Section 3. The SHIP Act requires local governments to establish the maximum SHIP funds allowable for each strategy: and Section 4. The SHIP Act further requires local governments to establish an average area purchase price for new and existing housing benefiting from awards made pursuant to the Act; the methodology and purchase prices used are defined in the attached Local Housing Assistance Plan; and Section 5. As required by Chapter 67- 37. 005( 6)( f)3, F. A. 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 distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in f.s. 120. 52( 17), 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. Section 6. The Okaloosa County Development Corporation has prepared a three -year Local Housing Assistance Plan for submission to the Florida Housing Finance Corporation; and Section 7. 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 Assistance Plan for review and approval so as to qualify for said documentary stamp tax funds.  RESOLUTION 2013 - 13 Section 8. The City Council of Fort Walton Beach hereby approves the amended Local Housing Assistance Plan, as attached and incorporated hereto for submission to the Florida Housing Finance Corporation as required by sections 420.907 -420 -9079, Florida Statutes, for fiscal years 2010/ 2011, 2011/ 2012, 2012/ 2013. Section 9. The Mayor is hereby designated and authorized to execute any documents and certifications required by the Florida Housing Finance Corporation as related to the amended Local Housing Assistance Plan and interlocal agreement, and to do all things necessary and proper to carry out the terms and conditions of said program. Section 10. This Resolution shall take effect immediately upon approval by the City Council. Mike Anderson, Mayor Atte : Approved for form, lega ofeHev l elen Spencer, Qtty Clerk ayye r Dykes. Jr ity Atto /-  NAME OF LOCAL GOVERNMENT: Okaloosa County and City of Fort Walton Beach SHIP LOCAL HOUSING ASSISTANCE PLAN ( LHAP) FISCAL YEARS COVERED 2013/2014 2014/2015 2015/ 2016 Prepared by: Okaloosa Community Development Corporation I-  SHIP LOCAL HOUSING ASSISTANCE PLAN ( LHAP) PROGRAM DESCRIPTION Chapter 67- 37. 005 F. A.C. and Secllon 420.9072, F. S. A. Name of the participating local government and Inter-local H Applicable: Section 420.9072(5),F.S. Okaloosa County /City of Fort Walton Beach Inter local: Yes X No Name of particlpating local government(s) in the Inter -local Agreement; Okalooea County /City of Fort Welton Beach A copy of the Inter -local Agreement is attached as Exhibit H. B. Purpose of the program: Section 420. 9072, F. S. & Chapter 67- 37. 005(3), F.A. C. Creation of the Plan Is for the purpose of meeting the housing needs of the very low, low and moderate -income households, to expand production of and preserve affordable horsing, to further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered bythe Plan: Chapter 67-37.002, F.A. C. X 2013/ 2014 X 2014/ 2015 X 2015/ 2016 D. Governance: Chapter 6737.005( 3)and (5)( i)F.A. C. and Section 420. 9071( 14) FS. The SHIP Program Is established in accordance with Section 420.907 -9079, Florida Statutes and Chapter 67- 37. 1X17 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 partnerships between government, lenders, builders and developers, real estate professionals, advocates for low - income persons and community groups. F. Leveraging: Chapter 67-37007(1)( b)( c), F.A. C. and Section 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- 37.006(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 input was solicited through the local newspaper in the advertising of the Local Housing Assistance Plan and the Notice of Funding Availability. 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 wafting list, no notice of funding availability is required. I. Discrimination: Section 420. 9076(3)( c), F. S. In accordance with the provisions of ss. 760. 20- 700. 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), FA. C. Support services are available from various sources. 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 Chapter 67- 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 ( Okaloosa County 2011 90% Average purchase price $ 284,810.40). Such an average area purchase price may be that calculated for any 12 -manth period beginning not earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and exlating 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 is: X 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: Oksloosa County $ 284,810.40 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 is Income shall be deemed affordable if the first institutional mortgage larder 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. 3- M. Welfare Transition Program: Chapter 67J7A05(6)( b)( 7)F.A. C. Should an eligible sponsor be used, the city/county has developed a qualification system and selection « iterla for applications for Awards to eligible sponsors, which Includes a description that demonstrates how eligible sponsors that employed personnel from the Waiters Transition Program 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) (t), F.S. In the case of rental housing, the staff or entity that has administrative authority for Implementing the locet housing assistance plan assisting rental developments shell annually monitor and determine tenant eligibility or, to the 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 whichever 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