Okaloosa County BOCC — May 15, 2013 — LHAP 2013 2016 — reading text

o Sp~cjal Naeds Hou$ing I Naw Construction 550,000 $50,000 $50,000 $0.00 0.00% o Spedal Neods H<>lIslng! El<i"tins Con .. truc:tion $40,000 $40,000 $40,000 $0.00 0.00% 01 $0.00 0.00% 01 o o $0.00 $0.00 $0.00 Administration Fees $35,000.00 10.00% I r Admin. From Proqram Income 0.00% ,======::==}H~o;m~,~o~w~n;';'S;h~i~P:c:o:":n:":L:Ln:g::::::::t:::==:~IL==::::==:::'~'::==~~::::==~==::==4:::::====+=====::::====:t====::::======+===::::=======+::::::::======t:==::0:.0:O:o/.:"t:======::j 1 _______ I_~G"'RANDTOTAL AddSunlMBI.1U, ph••• IIA<l",'n.&tlOCoun".II"II 5 $185,000.00 2 $70,000.00 , - I 2 $60,000.00 $0.00 $250,000.00 $65000.00 $350,000.00 100.00% ----9~ ,j ,Percentage Calculate ConstrJRoh..b P"rcanL by adding Grand Total Column5 A&B. then divide by Annual Allocation Ami. ! ~ i IConstruction/Rehab ! 71% 1_ _ _ _ ~~Maxjm_um Allowab-::I:e_____ ---II-----1I--~I-----I---I-----II__----_Ir_-_,=-_Ir_-r__::_-_II_-_,=.,_",_i1___-'1_---11 I Purchase Price: I New $284,810 Existing $284,810 I I l ~---+--~~~~---~--~--~~--~--~. 1-____t",,-:-ciA-""lIo:::;c~a~tj~o~n~B:::cre~a~k~d=o::.::w~n'__ _+----'ATm::.:.:o~u~n~t=-:c",,-:;:-t-__"'T°~Yo=---;::;-;::::1I--- Projected program Income'. $0.00 Max Amount Program Income For Admin: $0.00 . J 1-______-f;.V-"e"ry"-:'=L"o"w~l"n"c"o'"m"e"__________+--_t---"$::'8:::5,,,O,,0::°".0"°+____1-1__-.:;52,,.9: :':;:"1 ___ Projected Recaptured Funds: $0.00 __ j Low Income $70,000,00 20.0% Distribution: I $350,000.00 ;-----_ ~ _J I :~~~~.~~~~_:I-i~;-.9:::,;:.:~;C:~=ati':e:;.~=n_'::~o=_m=__c:::,--_~~~-~-.-.-1, C' .. _-_-_-\_-._- __ -~; ~"'o"',o~o ".~; o:-l,I-.-_-.-J-\_-_.-_-_-_-;;~-:;:~-;~;;;~~l.--~~~~_~~:::::~~:~_~___~__._~::: ~_______ ~,_____.____._ __~~~~=  ExhibitD Certification Okaloosa County and City of Fort Walton Beach  LHAP Exhibit D 2013 67-37.005(1), F.A.C. CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: Okaloosa County (I) 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 tbat there will be no discrimination on tbe 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 Housing Finance Corporation will be notified promptly if, at any time, the local government (or interlocal entity) will be unable to comply with the provisions tbe plan. (7) The Local Housing Assistance Plan shall provide for tbe 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 tbe next available opportunity to insure conformance witb tbe 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. (I 0) The trust ftmd shall be established with a qualified depository for all SHIP funds as well as moneys generated from activities as program income. (II) 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 govemments audited financial statements, copies of the audits will be forwarded to the Corporation by June 30 of each calendar year. 1  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 (LlliTC) Program shall comply with the income, affordability and other LlliTC 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 ofFIOlida has not been implemented. (except for ~Iiami Dade County) Witness Don R. Amunds, Chairman Board of County Commissioners Witness ATTEST: (SEAL) Don W. Howard, County Clerk Date 2  LHAP Exhibit 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 whlch 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 Housing 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