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Res. No. 66-24RESOLUTION NO.66-24 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH,FLORIDA,APPROVING AN AMENDED LOCAL HOUSfNG ASSISTANCE PLAN TO RAISE THE MAXIMUM A WARD CAP FOR OWNER- OCCUPIED HOUSING REHABILITATION ASSISTANCE,ADOPTED PURSUANT TO THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT,SUBSECTIONS 420.907-420.9079,FLORIDA STATUTES,AND RULE CHAPTER 67-37,FLORIDA ADMINISTRATIVE CODE;DESIGNA TING AND AUTHORIZING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OF THIS AMENDED LOCAL HOUSfNG ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION;AND PROVIDING AN EFFECTIVE DATE. WHEREAS,the State of Florida enacted the William E.Sadowski Affordable Housing Act,Chapter 92- 3 I 7 of Florida Sessions Laws,allocating a portion of documentary stamp taxes on deeds to local governments for the development and maintenance of affordable housing;and WHEREAS,the State Housing Initiatives Partnership (SHIP)Act,ss.420.907-420.9079.Florida Statutes,and Rule Chapter 67-37,Florida Administrative Code,require local governments to develop a one-to three-year Local Housing Assistance Plan outlining how funds will be used;and WHEREAS,the SHIP Act requires local governments to establish the maximum SHIP funds allowable for each strategy;and WHEREAS,on April 19,2022,the City of Delray Beach (the "City")City Commission approved a three-year Local Housing Assistance Plan for fiscal years 2022-2023,2023-2024.and 2024-2025 (the "Plan "): and WHEREAS,the Plan set a maximum award of $60,000 for owner-occupied housing rehabilitation assistance;and WHEREAS,the City issues solicitations to acquire the goods and services necessary to complete rehabilitation for qualifying owners;and WHEREAS,the costs to acquire these goods and services now exceed the Plan's maximum award for owner-occupied housing rehabilitation assistance;and WHEREAS,the City Commission desires to increase the maximum award for owner-occupied housing rehabilitation assistance to $85,000,for pending and future applications;and WHEREAS,the Neighborhood Services Division of the Neighborhood and Community Services Department prepared an amended Local Housing Assistance Plan for submission to the Florida Housing Finance Corporation;and WHEREAS,the City Commission finds that it is in the best interest of the public for the City of Delray Beach to submit the Amended Local Housing Assistance Plan for review and approval so as to qualify for said documentary stamp tax funds. NOW THEREFORE,BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH,FLORIDA,AS FOLLOWS: Section 1.The above recitals are incorporated as if fully set forth herein. Section 2.The City Commission of the City of Delray Beach hereby approves the amended three- year Local Housing Assistance Plan for fiscal years 2022-2023,2023-2024,and 2024-2025,attached hereto and incorporated herein as Exhibit "A". Section 3.The amended three-year Local Housing Assistance Plan is approved for submission to the Florida Housing Finance Corporation as required by ss.420.907-420.9079,Florida Statutes. Section 4.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 to do all things necessary and proper to carry out the terms and conditions of said plan. Section 5.This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED in regular session on the ~ay of ~ ATTEST: ,2024. RES.NO.66-24