agenda item summary - granicus

PORT ST. LUCIE CITY COUNCIL

AGENDA ITEM SUMMARY

Meeting Date: April 8, 2019

Agenda Item #: 1 1B

PLACEMENT: Resolutions

ACTION REQUESTED: Motion / Vote

APPROVE THE UPDATED LOCAL HOUSING ASSISTANCE PLAN FOR 2019-2022 PER

STATE HOUSING INITIATIVES PARTNERSHIP GUIDELINES

SUBMITTED BY: Ann Fidge, Neighborhood Services Coordinator

STRATEGIC PLAN LINK: The City's Goal for vibrant neighborhoods.

EXECUTIVE SUMMARY (General Business): The Florida Housing Finance Corporation (FHFC) requires

that local governments develop and maintain a Local Housing Assistance Plan (LHAP) detailing how

the City intends to use its State Housing Initiatives Partnership (SHIP) funds for 3-year periods. The

City's current plan is in effect until June 30, 2019. Staff has taken the necessary steps to update the

plan and draft a resolution which are attached for approval. The approved documents must be

submitted to FHFC by May 2, 2019.

PRESENTATION INFORMATION: N/A, Neighborhood Services Staff will be available for any questions.

STAFF RECOMMENDATION: Move that the Council approve the updated LHAP by resolution.

ALTERNATE RECOMMENDATIONS:

1. Move that the Council amend the recommendation and approve the resolution.

2. Move that the Council not approve the resolution and provide staff additional direction.

BACKGROUND: The Neighborhood Services Department contracted with a consultant to provide

technical assistance with this plan update. The new plan will cover funding years 2019-2022 and has

been preliminarily reviewed by the state authority (i.e. FHFC). The new plan will assist eligible

citizens of Port St Lucie with the following housing strategies as needed. A. Home Purchase

Assistance, B. Comprehensive Owner-Occupied Rehabilitation, C. Limited Ovvner -Ol.l.u pledAgenda Memorandum (General Business) V 3.8.1

Rehabilitation, D. Accessibility/Retrofit (Special Needs), E. Water/Sewer Connection, F.Water/Sewer Assessment and G. Disaster Recovery.

ISSUES/ANALYSIS: The LHAP was updated based on input from the City's Affordable Housing AdvisoryCommittee which is a group of housing professionals appointed by the Mayor in 2018 and tasked withdiscussing housing issues in the community. The committee had 5 public meetings with their final reportbeing approved by the City Council on December 3,2018. The update LHAP incorporates the committee'ssuggestions as required.

FINANCIAL INFORMATION: Based on the most recent State Revenue Estimating Conference (August2018), the 2019-2020 projected SHIP distribution estimate for the City of Port St Lucie is $2,164,876.Final distribution amount is subject to change based on the Florida Legislature.

SPECIAL CONSIDERATION: N/A

LOCATION OF PROJECT: Citywide

ATTACHMENTS: City of Port St Lucie Local Housing Assistance Plan 2019-2022, State HousingInitiative Partnership (SHIP) Resolution.

NOTE: All of the listed items in the "Attachment" section above are in the custody of the City Clerk. Any item(s) notprovided in City Council packets are available upon request from the City Clerk.

LEGAL SUFFICIENCY REVIEW:

C 6sReviewed by Stefanie Beskovoyne, Deputy City Attorney. Approved as to Legal form and sufficiency by JamesD. Stokes, Interim City Attorney.

ROUTING:

1. Department requesting Agenda Item: Neighborhood Services Department

APPROVAL(S):

2. Department preparing Agenda Item: Neighborhood Services Director3. Secondary Department Approval: N/A4. City Manager's Office: Patricia Roebling, Assistant City Manag5. City Manager's Office:6. City Manager: Russ Blackburn

MAR 27 2019

RECEIVED

Agenda Memorandum (General Business) V 3.8.1

CITY MANAGER'S OFFICE

RESOLUTION 19-R19 COUNCIL ITEM 1 1 BDATE

4-8-201 9

A RESOLUTION OF THE CITY OF PORT ST. LUCIE. FLORIDA, APPROVING CITY OFPORT ST. LUCIE'S LOCAL HOUSING ASSISTANCE PLAN; DETERMINING THEPERCENTAGE OF LOCAL HOUSING DISTRIBUTION AND PROGRAM INCOMENECESSARY TO PAY THE COSTS OF ADMINISTRATION; AUTHORIZING ANDDIRECTING THE CITY MANAGER TO EXECUTE NECESSARY DOCUMENTS ANDCERTIFICATIONS REQUIRED BY THE STATE; AUTHORIZING THE SUBMISSION OFTHE LOCAL HOUSING ASSISTANCE PLAN FOR 2019-2020, 2020-2021, 2021-2022 TOTHE FLORIDA HOUSING FINANCE CORPORATION; PROVIDING FOR CONFLICT;PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.

WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing

Act, Chapter 92-317, Laws of Florida, 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, section 420.907-

420.9089, Florida Statutes (2018), and Rule 67-37.005, Florida Administrative Code, requires

local governments to develop a Local Housing Assistance Plan, effective for up to three years,

which outlines how funds will be used to implement housing strategies, incentives, and activities

to be undertaken pursuant to the Local Housing Assistance Plan; and

WHEREAS, the SHIP Act requires local governments to establish the maximum SHIP

funds allowable for each local housing strategy; and

WHEREAS, the SHIP Act further requires local governments to establish an average area

purchase price for new and existing housing benefiting from awards made pursuant to the Act; and

WHEREAS, the Neighborhood Services Department has prepared a three-year Local

Housing Assistance Plan, attached hereto and incorporated herein for submission to the Florida

Housing Finance Corporation; and

WHEREAS, the methodology and purchase prices used are defined in the attached Local

Housing Assistance Plan; and

WHEREAS, pursuant to section 420.9075, Florida Statutes, the City Council finds that 5

percent of the local housing distribution plus 5 percent of the program income is insufficient to

pay the necessary costs of administering the local housing plan; and

WHEREAS, the City Council finds that it is in the best interest of the public for the City

of Port St. Lucie to submit the Local Housing Assistance Plan for review and approval so as to

qualify for said documentary stamp tax funds; and

RESOLUTION 19-R19

WHEREAS, the City Council finds that it is in the best interest of the public for the City

of Port St. Lucie to submit the 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 OF PORT ST. LUCIE,

FLORIDA:

Section 1. Ratification of Recitals. The foregoing recitals are hereby ratified and

confirmed as true and correct and are hereby made a part of this Resolution.

Section 2. Approval of the Local Housing Assistance Plan. The City Council of the City of

Port St. Lucie hereby approves the Local Housing Assistance Plan, as attached and incorporated

hereto for submission to the Florida Housing Finance Corporation for fiscal years 2019/2020 -

2021/2022. All provisions of the Local Housing Assistance Plan conform to the requirements of

Section 420.9072, F.S., et seq.. and Rule Chapter 67-37. F.A.C.

Section 3. Costs of Administering Plan. The City Council of the City of Port St. Lucie

hereby determines that an amount of 10 percent of the local housing distribution plus 5 percent of

program income deposited into the trust fund is sufficient to adequately pay the necessary costs of

administering the Local Housing Assistance Plan.

Section 4. Authority. The City Manager is hereby designated and authorized to execute any

documents and certifications required by the Florida Housing Finance Corporation as related to

the Local Housing Assistance Plan, and to do all things necessary and proper to carry out the term

and conditions of said program.

Section 5. Conflict. If any resolutions, or parts of resolutions, are in conflict herewith,

this Resolution shall control to the extent of the conflicting provisions.

Section 6. Severability. The provisions of this Resolution are intended to be severable. If

any part of this Resolution is determined to be void or is declared illegal, invalid, or

unconstitutional by a Court of competent jurisdiction, the remainder of this Resolution shall remain

in full force and effect.

Section 7. Effective Date. This Resolution shall become effective immediately upon

adoption.

RESOLUTION 19-R19

PASSED AND ADOPTED by the City Council of the City of Port St. Lucie, Florida, this

4th day of April, 2019.

CITY COUNCILCITY OF PORT ST. LUCIE

By:Gregory J. Oravec. Mayor

ATTEST:

Karen A. Phillips, City Clerk

APPROVED AS TO FORM:

James D. Stokes, Interim City Attorney

SHIP LHAP Template 2016-001[eff. Date 9/11/2018]

Honda Housing

City of Port St Lucie

"A City for All Ages"

SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP)

2019-2020, 2020-2021, 2021-2022

1


Florida HousingTable of Contents

Description Page #

Section I, Program Details 3-6

Section II, Housing Strategies

A.

Home Purchase Assistance 7-8

B.

Comprehensive Owner-Occupied Rehabilitation 9-10

C.

Limited Owner-Occupied Rehabilitation 10-11

D.

Accessibility/Retrofit 12-13

E.

Water/Sewer Connection 13

F.

Water/Sewer Assessment 13-14

G.

Disaster Recovery 14-16

Section III, Incentive Strategies

A.

Expedited Permitting 16

B.

Ongoing Review Process 16

C.

Modification of Impact-fee Requirements 16

D.

Public Land Inventory 16

E.

Support of Development Near transportation HUBs 16

Exhibits 17

A.

Administrative Budget for each fiscal year covered in the PlanB.

Timeline for Estimated Encumbrance and ExpenditureC.

Housing Delivery Goals Chart (HDGC) For Each Fiscal YearCovered in the plan

D.

Signed LHAP CertificationE.

Signed, dated, witnessed or attested adopting resolutionF.

Ordinance: (If changed from the original creating ordinance) N/AG.

Interlocal Agreement

N/A

2


Florida Housing

I.

Program Details:

A.

LG(s)Name of Local Government City of Port St Lucie

Does this LHAP contain an interlocal agreement? No

If yes, name of other local government(s) N/A

B. Purpose of the program:• To meet the housing needs of the very low, low and moderate-income households;• To expand production of and preserve affordable housing; and• To further the housing element of the local government comprehensive plan specific to affordable

housing.

C. Fiscal years covered by the Plan: 2019-2020, 2020-2021, 2021-2022

D. Governance: The SHIP Program is established in accordance with Section 420.907-9079, Florida Statutes andChapter 67-37, Florida Administrative Code. Cities and Counties must be in compliance with these applicablestatutes, rules and any additional requirements as established through the Legislative process.

E. Local Housing Partnership: The SHIP Program encourages building active partnerships between government,lending institutions, builders and developers, not-for-profit and community-based housing providers andservice organizations, providers of professional services related to affordable housing, advocates for low-income persons, real estate professionals, persons or entities that can provide housing or support servicesand lead agencies of the local continuums of care.

The City of Port St Lucie has partnered with the Martin/St. Lucie Lending Consortium since the inception ofthe SHIP program. Any financial institution or mortgage company that agrees to send representatives tosemi-monthly meetings, provide a special lending package and support homebuyer education classes mayjoin the consortium and offer first mortgage loans to SHIP applicants. The Consortium lenders have agreedto limit lender fees and provide fixed rate mortgages for SHIP applicants. When bond or portfolio loans arenecessary or beneficial for applicants but are not available from consortium members, NeighborhoodServices staff may give temporary approval for a lender outside of the consortium to fund the loan. It mustbe in the best interest of the applicant and the SHIP program to do so. Training events and special meetingsare also scheduled to bring together lenders, title companies, realtors and homebuilders.

F. Leveraging: The Plan is intended to increase the availability of affordable residential units by combining localresources and cost saving measures into a local housing partnership and using public and private funds toreduce the cost of housing. SHIP funds may be leveraged with or used to supplement other Florida HousingFinance Corporation programs and to provide local match to obtain federal housing grants or programs.

G. Public Input: Public input was solicited through face to face meetings with housing providers, social serviceproviders and local lenders, neighborhood associations and Notice of Funding Availability.

H. Advertising and Outreach: SHIP funding availability shall be advertised in a newspaper of general circulationand periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of theapplication period. If no funding is available due to a waiting list, no notice of funding availability is required.

3


Florida HousingThe City also utilizes its website (www.cityofpsl.com ) and its public access television to provide housingprogram information and updates.

I.

Discrimination: In accordance with the provisions of ss.760.20-760.37, it is unlawful to discriminate on thebasis of race, color, religion, sex, national origin, age, handicap, or marital status in the award applicationprocess for eligible housing.

Waiting List/Priorities: A waiting list will be established when there are eligible applicants forstrategies that no longer have funding available or if it is necessary to suspend selection due to highvolume of applications. Those households on the waiting list will be notified of their status.Applicants will be maintained in an order that is consistent with the time names were placed on thelist as well as any established funding priorities as described in this plan. When necessary, the Citymay give priority to extremely-low, very-low, low income, and/or special needs applicants on thewaiting list in order to maintain compliance with State guidelines relating to low income and/orspecial needs (defined in 420.004 F.S.) set asides. Disaster Recovery applicants may be funded priorto applicants on a waiting list for other strategies.

J. Support Services and Counseling: Support services are available from various sources. Available supportservices may include but are not limited to: Pre- Homeownership Counseling and Credit Counseling.Additional information regarding these services and other counseling services can also be found on the City ofPort St Lucie website at www.cityofpsl.com or contact the Neighborhood Services Office.

K. Purchase Price Limits: The sales price or value of new or existing eligible housing may not exceed 90% of theaverage area purchase price in the statistical area in which the eligible housing is located. Such average areapurchase price may be that calculated for any 12-month period beginning not earlier than the fourth calendaryear prior to the year in which the award occurs. The sales price of new and existing units, which can belower but may not exceed 90% of the median area purchase price established by the U.S. TreasuryDepartment or as described above.

The methodology used is:U.S. Treasury Department

x

Local HFA Numbers

L. Income Limits, Rent Limits and Affordability: The Income and Rent Limits used in the SHIP Program areupdated annually by the Department of Housing and Urban Development and posted atwww.floridahousing.org

"Affordable" means that monthly rents or mortgage payments including taxes and insurance do not exceed30 percent of that amount which represents the percentage of the median annual gross income for thehouseholds as indicated in Sections 420.9071, F.S. However, it is not the intent to limit an individualhousehold's ability to devote more than 30% of its income for housing, and housing for which a householddevotes more than 30% of its income shall be deemed Affordable if the first institutional mortgage lender issatisfied that the household can afford mortgage payments in excess of the 30% benchmark and in the caseof rental housing does not exceed those rental limits adjusted for bedroom size.

4


Florid i Housing

M. Welfare Transition Program: Should an eligible sponsor be used, a qualification system and selection criteriafor applications for Awards to eligible sponsors shall be developed, which includes a description thatdemonstrates how eligible sponsors that employ personnel from the Welfare Transition Program will be givenpreference in the selection process.

N. Monitoring and First Right of Refusal: In the case of rental housing, the staff and any entity that hasadministrative authority for implementing the local housing assistance plan assisting rental developmentsshall annually monitor and determine tenant eligibility or, to the extent another governmental entity providesperiodic monitoring and determination, a municipality, county or local housing financing authority may relyon such monitoring and determination of tenant eligibility. However, any loan or grant in the original amountof $10,000 or less shall not be subject to these annual monitoring and determination of tenant eligibilityrequirements. Tenant eligibility will be monitored annually for no less than 15 years or the term of assistancewhichever is longer unless as specified above.

Eligible sponsors that offer rental housing for sale before 15 years or that have remaining mortgages fundedunder this program must give a first right of refusal to eligible nonprofit organizations for purchase at thecurrent market value for continued occupancy by eligible persons.

O. Administrative Budget: A line-item budget is attached as Exhibit A. The City of Port St Lucie ensures that themoneys deposited in the local housing assistance trust fund shall be used to administer and implement thelocal housing assistance plan.

Section 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code, states: "A county or aneligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing bodyfinds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income isinsufficient to adequately pay the necessary costs of administering the local housing assistance plan."

Section 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code, further states: "The cost ofadministering the program may not exceed 10 percent of the local housing distribution plus 5 percent ofprogram income deposited into the trust fund, except that small counties, as defined in s. 120.52(19), andeligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent ofprogram income for administrative costs." The applicable local jurisdiction has adopted the above findings inthe resolution attached as Exhibit E.

P. Program Administration: Administration of the local housing assistance plan will be performed by:

Entity Duties PercentageLocal Government All administrative Duties 100%

Third Party Entity/Sub-recipient N/A

Q. Project Delivery Costs: The City of Port St Lucie project delivery costs shall be as follows: These costs will be

5

SHIP LHAP Template 2016-001[eff. Date 9/11/20181

Florida Housingincluded in the costs to the homeowner but provided as a grant and not to exceed these amounts.

Home Purchase Assistance $1,000

Comprehensive Owner-Occupied Rehabilitation $3,500Limited Owner-Owner-Occupied Rehabilitation $1,000

Accessibility/Retrofit (Special Needs) $1,000

Disaster Recovery $1,000

R. Essential Service Personnel Definition: The City of Port St Lucie defines "Essential Service Personnel" as"Those employed persons whose household income does not exceed program income limits, includingteachers and educators: other school district employees, community college employees, and universityemployees; police and fire personnel; health care personnel; skilled building trades personnel; governmentpersonnel and active military government personnel".

S. Describe efforts to incorporate Green Building and Energy Saving products and processes: The City willrequire energy star appliances whenpossible. All homes are required to have storm shutters or impactresistant windows if SHIP is replacing windows. Other energy efficient upgrades may be recommended inconnection with needed repairs. When replacing garage doors, we upgrade to insulated doors; windows andsliders are replaced with low-e and air conditioners are 16-seer. Other items may include the following: atticInsulation to R-30, caulking around windows and doors, and weather-stripping of all exterior doors.

T. Describe efforts to meet the 20% Special Needs set-aside: The City of Port St Lucie has reached out to severalorganizations that support special needs households to access the housing needs of their clients. There hasnot been a need for housing assistance expressed by those organizations at this time, but we will continue tocommunicate with them, especially when a new housing plan is being prepared. Staff also reviews the files ofeach new applicant to determine if that applicant or any member of the household meets the definition ofSpecial Needs as defined under Chapter 67-37.002 (21), F.A.C. Those households are eligible for all of ourhousing strategies and, if needed, they may request accessibility retrofit improvements that enable them tolive more independently in their homes.

U. Describe efforts to reduce homelessness: HUD is providing program funding for homeless services in St. LucieCounty through the Continuum of Care administered by the Treasure Coast Homeless Services Council. TheCity of Port St. Lucie maintains its membership on the Council and the priorities established in its Action Planmatch those of the regional Continuum of Care. The City supports the Council's grant application to HUD.The City is a member of the Treasure Coast Homeless Services Council, which is the lead agency for theRegional Continuum of Care. The City participates in the Continuum and supports its efforts. The homelesspriorities established by the Continuum are also the City's priorities established in it CDBG Consolidated Plan.

6


Florida HousingSection ii. CHAP Strategies:

A. Home Purchase Assistance

Code 1,2

Summary: Funding assistance to eligible home buyers to purchase newly constructed homes or existinghomes in the City of Port St Lucie. SHIP monies may be used for all or any portion of the following: downpayment, closing costs, prepaids, and existing homes may use up to $1,000 to address needed repairsbased on the inspection report.

a. Fiscal Years Covered: 2019-2020, 2020-2021, 2021-2022

b. Income Categories to be served: Very low, low and moderate

c. Maximum award: $21,000Maximum funding amount includes a grant of up to $1,000 for project delivery costs.

d. Terms (all six items must be completed or "N/A")1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a note and mortgage.

2. Interest Rate: 0%

3. Years in loan term: 15

4. Forgiveness: Loan will be forgiven at the end of the term.

5. Repayment: None required if the loan is in good standing.

6. Default: The loan balance is due in the event of default, which includes:

• Violation by borrower of the terms of the note or mortgage securing the note.• Sale or transfer of all or any part of the property or any interest in the property by borrower

unless (a) the remaining principle balance due under the note and mortgage is paid in full; or(b) if one of the following applies: 1) upon the death of the last surviving mortgagor, a personbecomes the owner of the mortgaged property by virtue of (a) a remainder interest in theproperty created prior to death of the last mortgagor, or (b) a probate or other suchproceeding, and that beneficiary is eligible to assume the remaining principal balance dueunder the Note and the Mortgage. Persons qualified to assume the mortgage must occur thesubject property and qualify under current State Housing Initiatives Partnership (SHIP) orsimilar housing assistance program.

• Failure by borrower to timely pay all taxes, assessments, insurance, and any other chargesand fines that may be imposed on the property which may be superior to the loan ormortgage.

• Borrower moving to another location as a permanent residence, unless the remainingprinciple balance due under the note and the mortgage is paid in full.

• Institution of foreclosure proceedings of a mortgage or lien of any kind, superior or inferior tothis encumbrance, by one other than the City.

If the home is foreclosed on by a superior mortgage holder , the city will make an effort to recapture

7


Florida Housing

fund through the legal process if it is determined that adequate funds may be available to justifypursuing a repayment.

e. Recipient Selection Criteria: Applicants will be ranked for assistance based on a first-qualified, first-servedbasis. The city will give priority to extremely-low, very-low, low income, and or special needs applicantsto maintain compliance with State guidelines relating to very low, low income and or special needs setasides.

f. Sponsor Selection Criteria: N/A

h.

Additional Information: The applicant cannot own a home at the time of application, and theymust contribute $500 of their own funds toward the total cost of the home purchase transaction. Theapplicant's verifiable cash and other assets (combined with gifts from family members, if applicable)cannot not exceed $15,000. Tax deferred accounts are not counted as cash on hand.

Households receiving assistance under this strategy may not reapply after the first home is sold, even ifthe City's mortgage is paid off or completely satisfied.

In order to meet the 75% construction/rehab set-aside for the SHIP program, the City may requirehomebuyers to include documented, eligible repairs or energy efficiency improvements that werecompleted by the seller within 12 months prior to closing.

Loan will be awarded in the amount of money required to allow the homebuyer to qualify. The maximumwill not be awarded in all cases.

The applicant must be able to qualify for a mortgage loan from a member of the Lending Consortium oran approved local lender offering bond or special financing. A prequalification letter will be requiredbefore the application will be processed or selected for funding. The applicant's front-end and back-endratios should not be less than 29% or more than 45% of household income. Mitigating circumstances maybe considered (i.e. history of paying more for housing, etc.)

The applicant must complete a homebuyer education workshop by a HUD approved Counseling Agencyand provide a certificate of completion prior to closing on the purchase of the home.

Subordination: In cases where a SHIP client wishes to refinance their first mortgage, the City'sCurrent policy allows for a subordination of its Mortgage if the household will benefit with an interest rateand/or housing payments reduction that is sufficient to offset the costs of refinancing. The City will notsubordinate for debt consolidation, and the household may not receive any cash payments in thetransaction.

8


1 o;i irig

B. Comprehensive Owner-Occupied Rehabilitation

Code 3

Summary: Funding for eligible owner/occupants in Port St Lucie to assist with comprehensive rehabilitationof housing to eliminate code violations, correct safety and sanitary issues, and/or provide hazard mitigationor accessibility/retrofit improvements.

a.

Fiscal Years Covered: 2019-2020, 2020-2021, 2021-2022

b.

Income Categories to be served: Very low, low and moderate

c.

Maximum award: $53,500Maximum funding amount includes a grant of up to $3,500 for project delivery costs

d.

Terms (all six items must be completed or "N/A"):1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a note and mortgage.2. Interest Rate: 0%3. Years in loan term: 154. Forgiveness: Loan will be forgiven on a prorated basis annually so that the outstanding balance is

satisfied after 15 years.5. Repayment: None required as long as the loan is in good standing6. Default: remaining loan balance is due in the event of default, which includes:


unless(a) the remaining principle balance due under the note and mortgage is paid in full; or(b) if one of the following applies: (1 upon the death of the last surviving mortgagor, a personbecomes the owner of the mortgaged property by virtue of (a) a remainder interest in theproperty created prior to the death of the last mortgagor, or (b) a probate or other suchproceeding, and that beneficiary is eligible to assume the remaining principle balance dueunder the Note and the Mortgage. Persons qualified to assume the mortgage must occupythe subject property and qualify under current State Housing Initiatives Partnership (SHIP) orsimilar housing assistance program guidelines.

• Failure by the borrower to timely pay all taxes, assessments, insurance, and any other chargesand fines that may be imposed on the property which may be superior to the loan ormortgage.



e.

Recipient Selection Criteria: Applicants will be ranked for assistance based on a first-qualified, first-servedbasis. The city will give priority to extremely-low, very-low and low income, and or special needsapplicants to maintain compliance with State guidelines relating to low income and or special needs setasides and income groups as described in the section I. (I) of this plan.

f.

Sponsor Selection Criteria: N/A

g.

Additional Information: Mobile and Manufactured homes are not eligible.

9


Florida Housing

The applicant's verifiable cash and other assets should not exceed $15,000. Tax deferred accounts are notcounted as cash on hand. Applications may be accepted all year if funding is available, or a funding cyclemay be established after a notice of funding has been advertised.

Funding is available one time only per household. Recipients of prior repair/rehabilitation or emergencyrehabilitation do not qualify for additional assistance under this strategy, even if the City's mortgage hasbeen paid off or completely satisfied. The client must have owned the home for at least one year prior toapplication before assistance will be provided unless the home is being purchased with SHIP fundingunder the Home Purchase Assistance strategy.

This assistance is not designed to be combined with the Limited Owner-Occupied Rehabilitation Strategy toproduce a higher funding amount. The strategies should be utilized separately, depending on the scope of thework required. At least one year shall have passed before a second strategy can be utilized unless theNeighborhood Services Director approved funding for a bona fide emergency.

Subordination: In cases where a SHIP client wishes to refinance their first mortgage, the City's Current policyallows for a subordination of its Mortgage if the household will benefit with an interest rate and/or housingpayments reduction that is sufficient to offset the costs of the refinancing. The City will not subordinate fordebt consolidation, and the household may not receive any cash payments in the transaction.

C. Limited Owner-Occupied Rehabilitation - (Emergency)

Code 6

Summary: Funding for eligible owner/occupants in Port St. Lucie to assist in addressing the followingemergency repairs to resolve the immediate threat to the homeowner. An emergency repair is theminimum necessary to correct a verified safety or health hazard. This is not a rehabilitation strategy, it islimited to making emergency repairs. Eligible activities include, but are not limited to: roof leaks, HVAC,plumbing, electrical and similar items.

a. Fiscal Years Covered: 2019-2020, 2020-2021, 2021-2022

b. Income Categories to be served: Very low, low and moderate

c. Maximum award: $16,000Maximum funding amount includes a grant of up to $1,000 project delivery costs

d. Terms (all six items must be completed or "N/A"):1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a note and mortgage.2. Interest Rate: 0%3. Years in loan term: 54. Forgiveness: Loan will be forgiven on a prorated basis annually so that the outstanding balance is

satisfied after 5 years.5. Repayment: None required as long as the loan is in good standing.6. Default: The remaining loan balance is due in the event of default, which includes:

Violation by borrower of the terms of the note or mortgage securing the nntow r

^^^

10


Florida Housing

• Sale or transfer of all or any part of the par of the property or any interest in the property byborrower unless (a) the remaining principle balance due under the note and mortgage is paidin full; or (b) if one of the following applies (1 upon the death of the last surviving mortgagor,a person becomes the owner of the mortgage property by virtue of (a) a remainder interest inthe property created prior to the death of the last mortgagor, or (b) a probate or other suchproceedings, and the beneficiary is eligible to assume the remaining principle balance dueunder the Note and the Mortgage. Persons qualified to assume the mortgage must occupythe subject property and qualify under current State Housing Initiatives Partnership (SHIP) orsimilar housing assistance program guidelines.




e. Recipient Selection Criteria: Applicants will be ranked for assistance based on a first-qualified, first-servedbasis. The city will give priority to extremely-low, very-low, low income and special needs applicants tomaintain compliance with State guidelines to very low, low income and/or special needs set asides.

f. Sponsor Selection Criteria: N/A

g. Additional Information: The applicant's verifiable cash and other assets should not exceed $15,000. Taxdeferred accounts are not counted as cash on hand.

Funding is available one time only per household. Recipients of prior repair/rehabilitation or emergencyrehabilitation may qualify for additional assistance under this strategy, even if the City's mortgage hasbeen paid off or completely satisfied.

The funding is not designed to be combined with the Comprehensive Owner-Occupied RehabilitationStrategy to produce a higher funding amount. The strategies should be utilized separately, depending onthe scope of work required. At least one year shall have passed before a second strategy can be utilizedunless the Neighborhood Services Director approves funding for a bona fide emergency. Manufacturedhomes are not eligible for rehabilitation under this strategy.

Subordination: In cases where a SHIP client wishes to refinance their first mortgage, the City's Currentpolicy allows for a subordination of its Mortgage if the household will benefit with an interest rate and/orhousing payments reduction that is sufficient to offset the costs of the refinancing. The City will notsubordinate for debt consolidation, and the household may not receive any cash payments in thetransaction.

11


D. Accessibility/Retrofit (Special Needs)

Code 11

Summary: The program provides for modifications to the home to provide household members withspecial needs increased access and/or use of their homes. These modifications may include eitherstructural adaptations or addition of apparatus that is permanently affixed to the housing unit.

a.


b.


c.

Maximum award: $16,000Maximum funding includes a grant of up to $1,000 for project delivery costs

d.

Terms (all six items must be completed or "N/A"):1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a note and mortgage2. Interest Rate: 0%3. Years in loan term: 54. Forgiveness: Loan will be forgiven on a prorated basis annually so that the outstanding balance is

satisfied after 5 years.5. Repayment: None required as long as the loan is in good standing6. Default: The remaining loan balance is due in the event of default, which includes:


unless (a) the remaining principle balance due under the note and mortgage is paid in full; or(b) if one of the following applies: (1 upon the death of the last surviving mortgagor, a personbecomes the owner of the mortgaged property by virtue of (a) a remainder interest in theproperty created prior to the death of the last mortgagor, or (b) a probate or other suchproceedings, and that beneficiary is eligible to assume the remaining principle balance dueunder the Note and the Mortgage. Persons qualified to assume the mortgage must occupythe subject property and qualify under current State Housing Initiatives Partnership (SHIP) orsimilar housing assistance program guidelines.




e.

Recipient Selection Criteria: Applicants will be ranked for assistance based on a first-qualified, first-servedbasis with proven Special Needs status.

f.


g.

Additional Information: The applicant's verifiable cash and other assets should not exceed $15,000. Taxdeferred accounts are not counted as cash on hand.

Clients may apply for additional assistance one time after the original loan (for Accessibility/Retrofit or

12


Florida HousingSpecial needs/Retrofit) has been satisfied or forgiven if additional improvements are needed.

Subordination: In cases where a SHIP client wishes to refinance their first mortgage, the City's Currentpolicy allows for a subordination of its Mortgage if the household will benefit with an interest rate and/orhousing payments reduction that is sufficient to offset the costs of refinancing. The City will notsubordinate for debt consolidation, and the household may not receive any cash payments in thetransaction.

E. Water and Sewer Connection

Code 8

Summary: Designed to make housing payments more affordable by paying the initial cost to connect towater/sewer on the primary residence or the outstanding balance remaining from a previous water/sewerconnection. Water/Sewer Connection payments will be approved for one property per household. Clientsmust have owned the home as homestead for at least one year prior to application before assistance will beprovided unless the home is being purchased with SHIP funding under the Purchase Assistance strategy.

a.


b.


c.

Maximum award: $7,600

d.

Terms (all six items must be completed or "N/A"):1. Repayment loan/deferred loan/grant: Grant2. Interest Rate: N/A3. Years in loan term: N/A4. Forgiveness: N/A5. Repayment: N/A6. Default N/A

e. Recipient Selection Criteria: Applicants will be ranked for assistance based on a first-qualified, first -servedbasis. The City will give priority to extremely-low, very-low, low income and or special needs applicants tomaintain compliance with State guidelines relating to low income and or special needs set aside.

f.

Sponsor/Sub-recipient Selection Criteria: N/A

g.


Recipients of prior SHIP Water and Sewer Connection assistance do not qualify.

F. Water/Sewer Assessment

Code 8

Summary: Designed to help homeowners pay the assessment for water and/or sewer on their primaryresidence. Water/Sewer Assessment Payments will be approved for one property per household. Clientsmust have owned the home for at least one year prior to application before assistance will be providedunless the home is being purchased with SHIP funding under the Purchase Assistance strategy.

13


Florida Housinga.


b.


c.

Maximum award: $5,000

d.

Terms (all six items must be completed or "N/A"):1. Repayment loan/deferred loan/grant: Grant2. Interest Rate: N/A3. Years in loan term: N/A4. Forgiveness: N/A5. Repayment: N/A6. Default: N/A

e.

Recipient Selection Criteria: Applicants will be ranked for assistance based on a first-qualified, first-servedbasis. The city will give priority to extremely-low, very-low, low income, and or special needs applicantsto maintain compliance with State guidelines relating to very low, low income and/or special needs setasides.

f.


g.

Additional Information: The applicant's verifiable cash and other assets should not exceed $15, 000. Taxdeferred accounts are not counted as cash on hand. The City will not pay an assessment on vacantproperty.

Recipients of prior SHIP Water and Sewer Assessment do not qualify.

G. Disaster Recovery

Code 5

Summary: Provides assistance to households following a disaster that is declared by the President of theUnited States or Governor of the State of Florida. This strategy will utilize disaster funds allocated by FloridaHousing Finance Corporation and/or any portion of SHIP funding that has not already been encumbered forother strategies.

Disaster Recovery funds may be used for items such as the following:i. purchase of emergency supplies for eligible households to weatherproof damaged homes.ii. Interim repairs to avoid further damage; tree and debris removal required to make the individual

housing unit habitableiii. Payment of insurance deductibles for rehabilitation of homes covered under homeowner's

insurance policiesiv. Security deposit, rental assistance for the duration allowed by Florida Office of the Governor for

eligible recipients that have been displaced from their homes due to damage from the disasterevent not covered by insurance.Households without sufficient insurance to cover repair/rehab or who need down paymentassistance to help with purchase of a new home may apply through the Home Purchase orComprehensive Owner-Occupied Rehabilitation programs for funding.

14


Flondi Housing

a.


b.


c.

Maximum award: $26,250Maximum funding amount includes a grant of up to $1,250 for project delivery costs

d.

Terms (all six items must be completed or "N/A"):1. Repayment loan/deferred loan/grant: Deferred payment loan secured by a note and mortgage.2. Interest Rate: 0%3. Years in loan term: 54. Forgiveness: Loan will be forgiven on a prorated basis annually so that the outstanding balance is

satisfied after 5 years.5. Repayment: None required as long as the loan is in good standing.6. Default: The remaining loan balance is due in the event of default, which includes:

• Violation by borrower of the terms of the note and mortgage securing the note.• Sale or transfer of all or any part of the property or any interest in the property or any interest

in the property by borrower unless (a) the remaining principle balance due under the noteand mortgage is paid in full; or (b) if one of the following applies: (1 upon the death of the lastsurviving mortgagor, a person becomes the owner of the mortgaged property by virtue of (a)a remainder interest in the property created prior to the death of the last mortgagor, or (b) aprobate or other such proceedings, and the beneficiary is eligible to assume the remainingprincipal balance due under the Note and the Mortgage. Persons qualified to assume themortgage must occupy the subject property and qualify under current State HousingInitiatives Partnership (SHIP) or similar housing assistance program guidelines.




e.

Recipient Selection Criteria: A special funding cycle will be established after declaration of disaster iffunding is available. Applicants for Disaster Recovery may be given priority above others on a waiting listfor other strategies. Recipients on the Disaster Recovery list will be selected on a first-qualified, first-served basis. In order to maintain income and/or special needs set asides, however advertising andselection is limited to Very Low and /or Low Income or Special Needs, as needed. When a waiting list isnecessary, the City may give priority to extremely-low, very-low, low income, and/or special needsapplicants on the list in order to maintain compliance with State guidelines relating to low income and/orspecial needs.

f.


g.


15


Florida HousingSubordination: In cases where a SHIP client wishes to refinance their mortgage, the City's Current policyallows for a subordination of its Mortgage if the household will benefit with an interest rate and/orhousing reduction that is sufficient to offset the costs of refinancing. The City will not subordinate fordebt consolidation, and the household may not receive any cash payments in the transaction.

Section III. LHAP Incentive Strategies

In addition to the required Incentive Strategy A and Strategy B, include all adopted incentives with the policiesand procedures used for implementation as provided in Section 420.9076, F.S.:

A. Name of the Strategy: Expedited PermittingPermits as defined in s. 163.3177 (6) (f) (3) for affordable housingprojects are expedited to a greater degree than other projects.

Provide a description of the procedures used to implement this strategy:Existing Strategy: Policy 3.1.10.0 The City shall continue to provide expedited permitting procedures foraffordable housing projects developed with state and federal funds.

B. Name of the Strategy: Ongoing Review ProcessAn ongoing process for review of local policies, ordinances, regulations and plan provisions that increasethe cost of housing prior to their adoption.

Provide a description of the procedures used to implement this strategy:Policy 3.1.1.3: Continue to review ordinances, codes, regulations and the permitting process for thepurpose of eliminating excessive requirements, streamlining and amending or adding other requirementsin order to maintain or increase private sector participation in meeting the housing needs of all residents,especially those with special housing needs, while continuing to insure the health, welfare, and safety ofthe residents. Policy 3.1.10.2: Coordinate with the Treasure Coast Builders Association (TCBA) to reviewany increases in building fees. 2018 AHAC Recommendation: The committee recommends that the Cityamend Policy 3.1.10.2 to include the following language. "In addition, policies and ordinances that willimpact affordable housing are subject to a public hearing process, discussed with staff from thecommunity development departments and presented to the Treasure Coast Builders Association." (TCBA)to review any increases in building fees.

C. Name of the Strategy: Modification of Impact-fee requirements, including reduction or waiver of feesand alternative methods of fee payment for affordable housing.

Comprehensive Plan policy 3.1.10.3 The City shall reduce, waive or support alternative methodsof the impact fee payment for affordable housing.

D. Name of the Strategy: Public Land Inventory: The preparation of a printed inventory of locally ownedpublic lands suitable for affordable housing.

Policy for Disposition of City owned land was approved by the City Council on June 16, 2003 andrevised on January 22,2018 Resolution 10-R07. City Council Directed Policy 18.01ccd.

E. Name of the Strategy: Support of Development Near transportation HUBs: The support of developmentnear transportation hubs and major employment centers and mixed -use developments.

Policy 3.1.10.5: The City shall development of affordable housing and/or workforce housing near(within 1/. mile) lt ranspo rtation hub,

employment centermel and mixed -use development.mIIIC^

major elll'.m/IUllenl

IIIxe

16


Floridc Housing

SECTION IV. EXHIBITS:

A. Administrative Budget for each fiscal year covered in the Plan.

B. Timeline for Estimated Encumbrance and Expenditure.

C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the plan.

D. Signed LHAP Certification.

E. Signed, dated, witnessed or attested adopting resolution.

F. Ordinance: (if changed from the original creating ordinance). Interlocal Agreement.

G. Other Documents Incorporated by Reference.

17

ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR

Exhibit A

Exhibit A (2019)

(Local Government name)

Fiscal Year: 2019-2020

Estimated SHIP Funds for Fiscal Year: $ 35,523.00Salaries and Benefits $31,955.00Office Supplies and Equipment $1,513.00Travel Per diem Workshops, etc. $1,505.00Advertising $550.00Other* $ -

Total $ 35,523.00Admin % 100.00%

Over Budget

Fiscal Year 2020-2021

Estimated SHIP Funds for Fiscal Year: $ 35,523.00Salaries and Benefits $ 31,955.00Office Supplies and Equipment $ 1,513.00Travel Per diem Workshops, etc. $ 1,505.00Advertising $ 550.00Other*Total $ 35,523.00Admin % 100.00%_

Over Budget

Fiscal Year 2021-2022

Estimated SHIP Funds for Fiscal Year: $ 35,523.00Salaries and Benefits $ 31,955.00Office Supplies and Equipment $ 1,513.00Travel Per diem Workshops, etc. $ 1,505.00Advertising $ 550.00Other*Total $ 35,523.00Admin % 100.00%

Over Budget

*All "other" items need to be detailed here and are subject to review and approval bythe SHIP review committee. Project Delivery Costs that are outside of administrativecosts are not to be included here, but must be detailed in the LHAP main document.Details:

Exhibit BTimeline for SHIP Expenditures

City of Port St Lucie affirms that funds allocated for these fiscal years will meet the following deadlines:

Fiscal Year Encumbered Expended 1st Year AR 2nd Year AR Closeout AR2018-2019 6/30/2020 6/30/2021 9/15/2019 9/15/2020 9/15/2021

2019-2020 6/30/2021 6/30/2022 9/15/2020 9/15/2021 9/15/2022

2020-2021 6/30/2022 6/30/2023 9/15/2021 9/15/2022 9/15/2023

If funds allocated for these fiscal years are not anticipated to meet any of the deadlines in the table above,Florida Housing Finance Corporation will be notified according to the following chart:

Fiscal Year Funds NotEncumbered

Funds NotExpended

1st Year ARNot

Submitted

2nd Year ARNot

Submitted

Closeout ARNot

Submitted2016-2017 3/30/2018 3/30/2019 6/15/2017 6/15/2018 6/15/2019

2017-2018 3/30/2019 3/30/2020 6/15/2018 6/15/2019 6/15/2020

2018-2019 3/30/2020 3/30/2021 6/15/2019 6/15/2020 6/15/2021

Requests for Expenditure Extensions (close-out year ONLY) must be received by FHFC by June 15 of theyear in which funds are required to be expended. The extension request shall be emailed [email protected] and [email protected] and include:

1. A statement that "(city/county) requests an extension to the expenditure deadline for fiscalyear n/a

2. The amount of funds that is not expended.3. The amount of funds that is not encumbered or has been recaptured.4. A detailed plan of how/when the money will be expended.

Note: an extension to the expenditure deadline (June 30) does not relieve the requirement to submit(September 15) the annual report online detailing all funds that have been expended. Please [email protected] when you are ready to "submit" the AR.

Other Key Deadlines:

AHAC reports are due for each local government by December 31 of the year prior to the localgovernment's LHAP being submitted. Local governments receiving the minimum or less allocation are notrequired to report.

LHAP Exhibt C 2019

FLORIDA HOUSING FINANCE CORPORATION

HOUSING DELIVERY GOALS CHART2019-2020

Name of Local Government:


Estimated Funds (Anticipated allocation only): $

305,233

Code

StrategiesQualifies for

75%set-asideVLI Units

Max. SHIPAward

LI UnitsMax. SHIP

Award

M o dUnits

Max. SHIPAward

New ConstructionWithout

ConstructionTotal Units

Homeownership

1 Home Purchase Assistance without Rehab Yes 0 $21,000 0 $21,000 0 $21,000 $0.00 $0.00 $0.00 0

2 Home Purchase Assistance with Rehab Yes 0 $21,000 0 $21,000 0 $21,000 $0.00 $0.00 $0.00 0

3 Comprehensive Owner Occupied Rehabilitation Yes 1 $53,500 2 $53,500 $160,500.00 $0.00 $160,500.00 3

6 Limited Owner Occupied Rehabilitation Yes 1 $16,000 1 $16,000 $32,000.00 $0.00 $32,000.00 2

11 Accessability /Retrofit (Special Needs) Yes 2 $16,000 2 $16,000 $64,000.00 $0.00 $64,000.00 4

8 Water/Sewer Connection Yes 1 $7,600 0 $7,600 $7,600.00 $0.00 $7,600.00 1

8 Water/Sewer Assessment Yes 1 $5,000 1 $5,000 $10,000.00 $0.00 $10,000.00 2

5 Disaster Recovery Yes 0 $26,250 0 $26,250 $0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

Total Homeownership 6 6 0 $274,100.00 $0.00 $274,100.00 12

Purchase Price Limits: New $

291,176 Existing $

291,176

OK

OK

Code RentalQualifies for

75% set-asideVLI Units

Max. SHIP

AwardLI Units

Max. SHIP

Award

Mod

Units

Max. SHIP

AwardNew Construction

Without


$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

Total Rental 0 0 0 $0.00 $0.00 $0.00 0

Administration Fees $

30,523 10% OK

Home Ownership Counseling $

Total All Funds

$

304,623 OK

Set-Asides

Percentage Construction/Rehab (75% requirement) 89.8% OK

Homeownership % (65% requirement) 89.8% OK

Rental Restriction (25%) 0.0% OK

Very-Low Income (30% requirement) $

114,100 37.4% OK

Low Income (30% requirement) $

160,000 52.4% OK

Moderate Income $

- 0.0%

LHAP Exhibt C 2019


HOUSING DELIVERY GOALS CHART

2020-2021




305,233

Code



Max. SHIP

AwardLI Units

Max. SHIP

Award

M o d

Units

M ax. SHIPAward



Homeownership





11 Accessability/Retrofit (Special Needs) Yes 2 $16,000 2 $16,000 $64,000.00 $0.00 $64,000.00 4


8 Water/Sewer Assessment Yes 1 $5,000 1 55,000 $10,000.00 $0.00 $10,000.00 2


$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0



291,176 Existing $

291,176



Max. SHIPAward

LI UnitsMax. SHIP

Award

ModUnits

Max. SHIPAward



$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

Total Rental 0 0 0 $0.00 $0.00 $0.00 0


30,523 10% OK


Total All Funds

$

304,623 OK

Set-Asides





114,100 37.4% OK


160,000 52.4% OK

Moderate Income $ 0.0%

LHAP Exhibt C 2019


HOUSING DELIVERY GOALS CHART

2021-2022




305,233

Code



Max. SHIP

AwardLI Units

Max. S H IP

Award

M o dUnits

M ax. SHIP


With ou t


Homeownership





11 Accessability/Retrofit (Special Needs) Yes 2 $16,000 2 $16,000 $64,000.00 $0.00 $64,000.00 4


8 Water/Sewer Assessment Yes 1 $5,000 1 $5,000 $10,000.00 $0.00 $10,000.00 2


$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0



291,176 Existing $

291,176



Max. SHIP

AwardLI Units

Max. SHIP

Award

ModUnits

Max. SHIP


Without


$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0 00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

$0.00 $0.00 $0.00 0

Total Rental 0 0 0 $0.00 $0,00 $0.00 0


30,523 10% OK


Total All Funds

$

304,623 OK

Set-Asides





114,100 37.4% OK


160,000 52.4% OK

Moderate Income $ 0.0%

Exhibit D67-37.005(1), F.A.C.

Effective Date: 10/14

CERTIFICATION TOFLORIDA HOUSING FINANCE CORPORATION

Local Government: City of Port St Lucie

(1)

The local government will advertise the availability of SHIP funds pursuant to FloridaStatutes.

(2) All SHIP funds will be expended in a manner which will insure that there will be nodiscrimination on the basis of race, creed, religion, color, age, sex, familial or maritalstatus, 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 forawards.

(5) Recipients of funds will be required to contractually commit to program guidelines.

(6) The Florida Housing Finance Corporation will be notified promptly if the localgovernment (or interlocal entity) will be unable to comply with the provisions the plan.

The Local Housing Assistance Plan shall provide for the expenditure of SHIP funds within24 months following the end of the State fiscal year in which they are received.

The plan conforms to the Local Government Comprehensive Plan, or that an amendment tothe Local Government Comprehensive Plan will be initiated at the next available opportunityto insure conformance with the Local Housing Assistance Plan.

Amendments to the approved Local Housing Assistance Plan shall be provided to theCorporation within 21 days after adoption.

(10) The trust fund shall be established with a qualified depository for all SHIP funds as wellas moneys generated from activities such as interest earned on loans.

(11) Amounts on deposit in the local housing assistance trust fund shall be invested as permittedby law.

(12) The local housing assistance trust fund shall be separately stated as a special revenue fund inthe local governments audited financial statements, copies of the audits will be forwarded tothe Corporation as soon as available.

(7)

(8)

(9)

1

Exhibit D67-37.005(1), F.A.C.

Effective Date: 10/14

13)

An interlocal entity shall have its local housing assistance trust fund separately audited foreach state fiscal year, and the audit forwarded to the Corporation as soon as possible.

(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 TaxCredit (LIHTC) Program shall comply with the income, affordability and other LIHTCrequirements, similarly, any units receiving assistance from other federal programs shallcomply with all Federal and SHIP program requirements.

(16) Loans shall be provided for periods not exceeding 30 years, except for deferred paymentloans 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 at leastannually for 15 years for compliance with tenant income requirements and affordabilityrequirements 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 of Florida has or X has not beenimplemented.

(note: Miami Dade County will check "has")

Witness

Chief Elected Official or designee

Witness

Type Name and Title

Date

OR

Attest:(Seal)

2