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Res 39-01RESOLUTION NO. 39-01 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, ADOPTING THE LOCAL HOUSING ASSISTANCE PLAN PURSUANT TO THE STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM AS ATTACHED HERETO; ESTABLISHING A MAXIMUM COST PER UNIT, THE STRATEGIES AND INCENTIVES OF THE PLAN, THE MAXIMUM SHIP FUNDS ALLOWABLE FOR ASSISTANCE, THE MAXIMUM SHIP FUNDS FOR ADMINISTRATIVE EXPENSES; AUTHORIZING THE NECESSARY CERTIFICATIONS BY THE MAYOR AND AUTHORIZING SUBMISSION OF THE PLAN TO THE STATE HOUSING FINANCE CORPORATION; PROVIDING FOR AN EFFECTIVE DATE UPON APPROVAL. WHEREAS, the State of Florida, under specific authority established by the William E. Sadowski Act in July 1992, established the State Housing Initiatives Partnership (SHIP) Program which requires the City to develop a one to three year Local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the Act also requires the adoption of a resolution providing for (1) the maximum and average cost per unit available for eligible housing units; (2) a maximum and average of funds awarded under each strategy; (3) implementation of the strategies and incentives under the plan; (4) establishment of ten percent (10%) of total allocation and five percent (5%) of program income to be spent on administrative costs of the SHIP program. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That the maximum cost per unit for eligible housing assistance awards pursuant to the SHIP Program may not exceed ninety percent (90%) of the median area purchase price for newly constructed units and existing units as established by Revenue Proclamation 94- 55, United States Department of Treasury. Section 2. That during the three fiscal years covered under the Plan, the maximum award will be limited to $25,000 for very low, $20,000 for low and $15,000 for moderate income households for purchase assistance; and $25,000 maximum for very low and low income households for owner occupied rehabilitation, specific to the conditions, strategies and eligibility determination under the guidelines of the SHIP Program and this Plan. Section 3. That the City of Delray Beach finds that five percent (5%) of the Local Housing distribution is insufficient to adequately administer the SHIP Program. Therefore, the administrative funding shall increase, but shall not exceed ten percent (10%) as allowed by Title 67 of the Florida Administrative Code, and to include the allowable five percent (5%) of Program Income for additional administrative funding under the SHIP Program. Section 4. That the City of Delray Beach is authorized to submit the Local Housing Assistance Plan to the State Housing Finance Corporation for its review and approval. Section 5. That the Mayor is authorized to execute the certifications required as a part of the Local Housing Assistance Plan on behalf of the City of Delray Beach. Section 6. That this resolution shall become effective immediately upon its passage. PASSED AND ADOPTED in regular session on this the 1st day of May, 2001. MAYOR ATTEST: Acting City Clerk -2- Res. No. 39-01 £1TY OF I]ELRI:IY BEI:IgH 1993 CITY CLERK 100 N.W. 1st AVENUE DELRAY BEACH, FLORIDA 33444 · 561/243-7000 CERTIFICATION I, BARBARA GARITO, Acting City Clerk of the City of Delray Beach, Florida, do hereby certify that the attached document is a true and correct copy of Resolution No. 39-01, which was passed and adopted by the City Commission of the City of Delray Beach, Florida, in regular session on May 1, 2001, by a 5-0 vote. IN WITNESS WHEREOF, I have hereunto set my hand and the official seal of the City of Delray Beach, Florida, on this the 2nd day of May, 2001. Barbara Garito, CMC Deputy City Clerk City of Delray Beach Pfft~ted on Recy~Jed Pa~er THE EFFORT ALWAYS MATTERS