Fort Walton Beach Resolution — 2019-05--LHAP — reading text

Charles K. LVi des, 1r., Chairman I City of Fort Walton Beach Okaioosa Coun ty BCC S t?,.'1 P. O. Box 4009 1250 Eglin Pkwy N 4 y, 1+ xA Fort Walton Beach, FL 32549- 4009 Shalimar, FL 32579 ATTEST: ATTEST: Ki . Barnes, City Cle k 1, D. P cock, Clerk of Circuit Court wu i ' ig t `„ t`': Seal: T Seal: '= l`•. `, ,:./' Yf r n- I . rc 3 ' y  Exhibit D 2019 67- 37. 005( 1), F.A.C. CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Local Government or Interlocal Entity: City of Fort Walton Beach Certifies that: 1) The availability of SHIP funds will be advertised pursuant to program requirements in 420.907- 420. 9079, 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, color, national origin, sex, handicap, familial status, or religion. 3) A process to determine eligibility and for selection of recipients for funds has been developed. 4) Recipients of funds will be required to contractually commit to program guidelines and loan terms. 5) Florida Housing will be notified promptly if the local government/ interlocal entity will be unable to comply with any provision of the local housing assistance plan( LHAP). 6) The LHAP provides a plan for the encumbrance of funds within twelve months of the end of the State fiscal year in which they are received and a plan for the expenditure of SHIP funds including allocation, program income and recaptured funds within 24 months following the end of the State fiscal year in which they are received. 7) The LHAP 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 LHAP. 8) Amendments to the approved LHAP shall be provided to the Florida Housing for review and/ or approval within 21 days after adoption. 9) The trust fund exists with a qualified depository for all SHIP funds as well as progam income or recaptured funds. 10) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. 11) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited fmancial statements ( CAFR). An electronic copy of the CAFR or a hyperlink to the document shall be provided to Florida Housing by June 30 of the applicable year. 1  Exhibit D 2019 67- 37. 005( 1), F. A.C. 12) Evidence of compliance with the Florida Single Audit Act, as referenced in Section 215. 97, F. S. shall be provided to Florida Housing by June 30 of the applicable year. 13) SHIP funds will not be pledged for debt service on bonds. 14) 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. 15) 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 serve eligible persons. 16) Rental Units constructed or rehabilitated with SHIP funds shall be monitored for compliance with tenant income requirements and affordability requirements or as required in Section 420. 9075 ( 3)( e). To the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. 17) The LHAP meets the requirements of Section 420.907- 9079 FS, and Rule Chapter 67- 37 FAC. 18) The provisions of Chapter 83- 220, Laws of Florida have not been implemented ( except for Miami- Dade County). Witness Chief Elected Officia or designee Richard A. Rmearson, Mavor Witness Type Name and Title w Date lroti i`' OR ti tt t: Seal) j, aj' ton 2  r: n b t p zol 3;. 00sli, r,. c. l2? Eviel:•.ncc ol c niplianec with thc Fluri a Sinbla Audit cl. : s r l'errn; ed in Seclion 215. 9?, I. S. shalt bc: pro iduc3 tu Fluri la H usin b, Tune 34 oCtl r appii abl yrar. 13) SHIP ti nds; ill ttot bc plcd; cd f'vi•il bt scn ic on bunds. 14) D vclopers rcccivin assist ncc frotn 1xit 1 SHIP uui thu Luw lncom:: Housine Ta Crcdit ( LIIITC} pro R sl. qll coniply ith lhe incumc, stfiurdability uncl uQic.r L THi'C' rcquircmcnts, sirnilarl}-, any units rc: cit•ing jssistancc li•om uthcr icdcial pro i•arn tihall compl vith all 1' edera! and S[ IIP pro racu rcquirctncizts. l 1 I Oat15 chall hZ lr vide( f rp ric. IS tlOt r: X'w' 11i1. Cl° Ccjl•s, C; CCCpi Of C CtCft'C( pAy7TlClll loans or loans that extend beyZind ; 3U° ars a ltich niinuc t i scn c cligiblc p rsons, 1!) Kental lJnits onstruc ed or rehahilitatcci v ith 51I IP fundc hall be monit reti for comrliance with trn nt income zquirements and aff rdability requirements or as r uir i1 in Se.; tion 420. 90? ( 3)( e)_ Tn the extent anc th r t; ot ernmental entity j r vides reriodic monitoring and delcrtninahan, m ulicipality; county c r Ic aal housing financ.in authorin- mav rzlt•on such mon lc rin und deter niiiati n cif tenant eligihility. 171 The LHt1P mccls hc requircmcnts e f Sec;[ ion 20907-9Q79 FS, and Rule Chapter h7-37 F: C. l8} Tlt pro i ions ol' C: tlaptc' 83- 220. La,• ui' Florida h; vc n plcmcntuj (exce} t fc» itaini-Dadc Count L tl s hicf lcc Otlici:il or c i ncc C: L/ 1! oliu 1l fstad. C' ouiin•:' dn inistrat r H' itness l ype: Vame and 1' itle APR 1 6 2019 I) At OR Attcst: SeAI)