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

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 and Technical Revisions to the approved Local Housing Assistance Plan shall be provided to the Corporation within 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 as program income. 11) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted bylaw. 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 by June 30 of each calendar year.  LHAP Exhibit D 2013 67- 37. 005( 1), F.A. C. 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 by June 30. 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 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 FAC, and how each of those requirements shall be met. 19) The provisions of Chapter 83 -220, Laws of Florida has not been implemented. except for Mland Dade County) r Witness on R. Amunds, Chairman Board of Cc BCC approval on May 21, 2013. Witness ATTEST: SEAL) Ail Don W. Howard, Cmm ] Y Date  LHAP Exhlblt D 2013 67- 37. 005( 1), F.A.C. CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: City of Fort Walton Beach, Okaloosa County, Florida 1) The local government will advertise the availability of SHIP funds, if available, pursuant to Florida Statutes. 2) All SHIP funds will be expended in a manner which will insure that there will be no discrimination on the basis of race, creed, religion, color, age, sex, familial or marital status, handicap, or national origin. 3) A process for selection of recipients for funds has been developed. 4) The eligible municipality or county has developed a qualification system for applications for assistance. 5) Recipients of funds will be required to contractually commit to program guidelines. 6) The Florida Horsing Finance Corporation will be notified promptly if, at any time, 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 yen in which they are received. 8) The plan wnforms 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 and Technical Revisions to the approved Local Housing Assistance Plan shall be provided to the Corporation within 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 as program income. 11) Amounts on deposit in the local housing assistance trust fund shall be invested m 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 by June 30 of each calendar year.  LHAP Exhibit D 2013 67- 37. 005( 1), F.A. C. 13) An intedocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year, and the audit forwarded to the Corporation by June 30. 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 annually for 15 years for compliance with tenant income requirements and affordability requirements or as required in Section 420. 9075 ( 3)( c) 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. 19) The provisions of Chapter 83 -220, Laws of Florida has not been implemented. except for Mimed Dade County) ice— Mike Anderson, Mayor Fort Walton Beach, FL vv VvJ Witnekj ATTEST: SEAL) Helm Spencer, Cleg6of£ enH Date City Clerk  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 -year 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. CERTIFIED A TRUE AND CO' FFr " f CITY OF FORT WALTON 91 I SPEt1C CITN C'. t % p LSJ ar:  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 u e elen Spencer, ty Clerk - Hayy Dykes, Jc tty Atto -  LHAP Exhibit E 2013 67- 37.005( 1), F.A. C. OKALOOSA COUNTY RESOLUTION #: 13 - 79 A RESOLUTION OFTHEBOARD OF COUNTY COMMISSIONERS OF OKALOOSA COUNTY FLORIDA APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE