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Res 43-99RESOLUTION NO. 43-99 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AMENDING THE PREVIOUSLY ADOPTED AND APPROVED LOCAL HOUSING ASSISTANCE PLAN PURSUANT TO THE STATE HOUSING INITIATIVES PARTNERSHIP {SHIP) PROGRAM AS ATTACHED HERETO, ESTABLISHING AN INCREASE TO THE MAXIMUM SHIP FUNDS ALLOWABLE FOR ASSISTANCE, AUTHORIZING THE NECESSARY CERTIFICATIONS BY THE MAYOR AND AUTHORIZING SUBMISSION OF THE PLAN TO THE STATE OF FLORIDA HOUSING FINANCE CORPORATION; PROVIDING FOR AN EFFECTIVE DATE UPON APPROVAL. ~gHEREAS, 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, under which the City approved the required three year Local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the City of Delray Beach has entered the Delray Beach Housing Renaissance Program, a local partnership for the delivery of affordable housing; and %~rHEREAS, the Policies and Procedures, under the approved Delray Beach Housing Renaissance Program Memorandum of Understanding, establishes maximum funds allowable for assistance inconsistent with the State approved Local Housing Assistance Plan FY 1998/99, 1999/2000 and 2000/2001. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: $~cfion 1. That during the three fiscal years covered under the Local Housing assistance Plan, the maximum award will be limited to $25,000 for very low, $22,500 for low and $15,000 for moderate income households for purchase assistance of newly constructed and existing housing units; 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 the Local Housing Assistance Plan. Section 2. That this Resolution shall become effective immediately upon its passage. ATTEST: PASSED AND ADOPTED in regular session on ~s th~t~ay of July, 1999. City C~erk " ~ City of Delray Beach Community Development Division MEMORANDUM TO: THRU: FROM: DATE: SUBJECT: David Harden, City Manager Lula Butler, Community Improvement Director Charles L. Bender III, Community Development Coordinator June 25, 1999 Resolution #43-99 Approval and Adoption of the Amendment to the State Housing Initiatives Partnership (SHIP) Local Housing Assistance Plan ITEM BEFORE THE COMMISSION The purpose of this item is to obtain approval for the adoption of Resolution #43-99 amending the State Housing Initiatives Partnership (SHIP) Program's Local Housing Assistance Plan for Fiscal Years 1998- 1999, 1999-2000 and 2000-2001 increasing the maximum subsidy level for low-income households to $22,500.00. BACKGROUND For the past seven (7) years the Community Improvement Department has received housing assistance funds from the State Housing Initiatives Partnership (SHIP) Program. SHIP funds are generated f~om documentary stamp collections throughout the State at a rate of two cents per dollar and held in the State's Housing Trust Fund. The State requires a Local Housing Assistance Plan be established outlining how the City plans to administer the Local Housing Assistance Program once SHIP funds are received. The City Commission passed Resolution #28-98 on April 21, 1998 approving the Local Housing Assistance Plan (LHAP) for Fiscal Years 1998-1999, 1999-2000 and 2000-2001. The City's Local Housing Assistance Plan specifies the maximum allowable assistance levels of $25,000 for very low, $20,000 for low and $15,000 for moderate income households. The City Commission approved the Delray Beach Housing Renaissance Program's Memorandum of Understanding on June 15, 1999 which represents the City's Local Housing Assistance Program. The Memorandum of Undarstanding's Policies and Procedures provides a subsidy grid to be used in determining an eligible family's maximum level of assistance. The grid is designed to provide greater assistance for lower median income households with larger families. Due to rising construction costs, increased land values and the lower borrowing capacities of the homebuyers, the need to increase the maximum subsidy level has become necessary. The additional $2,500.00 in subsidy will allow for the continued success of the City of Delray Beach's housing program and help to ensure that SHIP program expenditure deadlines are met. RECOMMENDATION Staff recommends approval of Resolution #43-99 amending the State Housing Initiatives Partnership (SHIP) Program's Local Housing Assistance Plan for Fiscal Years 1998-1999, 1999-2000 and 2000-2001 by increasing the maximum assistance level for low income households to $22,500.00. q.D- City of Delray Beach Community Development Division MEMORANDUM TO: FROM: DATE: SUBJECT: Charles Bender, Community Development Coordinator Michael Simon, Affordable Housing Administrator -~,~,/ June 24, 1999 Local Housing Assistance Plan Amendment The attached agenda request, agenda memo and agenda cover memo have been prepared for the July 6, 1999 City Commission Agenda. This documentation is required to amend the City approved State Housing Initiatives Partnership (SHIP) Program, Local Housing Assistance Plan (LHAP) for Fiscal Year's 1998-1999, 1999-2000 and 2000-2001 in order to increase the maximum allowable subsidy for low-income applicants. The reason for this amendment pertains to the newly developed subsidy grid being used in the Delray Beach Renaissance Program. Under the current LHAP, the maximum allowable subsidy for low-income applicants is $20,000, while the subsidy grid provides the largest family size for the low-income category to receive $22,500. The state allows the local municipality to establish the maximum assistance level and to change it as desired. A City Commission approval through resolution will be needed in order to comply with State guidelines regarding plan amendments. (The change in allowable subsidy does not require State approval only additions or deletions of strategies). Once approved, the resolution and applicable verbiage changes will be sent to the State for their records. If you have any questions or concerns regarding this initiative, please allow me to address them.