2016-29671 Reso RESOLUTION NO. 2016-29671
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, APPROVING THE ACCEPTANCE
OF $13,027 OF STATE HOUSING INITIATIVES PARTNERSHIP (SHIP)
FUNDS FOR THE PURPOSE OF PROVIDING HOUSING COUNSELING
SERVICES FOR HOMEOWNERS AND PROSPECTIVE
HOMEBUYERS; AUTHORIZING THE APPROPRIATION OF THE
FUNDS AS AN ADDITION TO THE FISCAL YEAR 2016/2017 SHIP
ALLOCATION; AUTHORIZING THE CITY MANAGER OR HIS
DESIGNEE TO EXECUTE ANY AND ALL DOCUMENTS OR
AGREEMENTS IN CONNECTION WITH THE FUNDING ALLOCATION,
AND TO SUBMIT THEM TO THE FLORIDA HOUSING FINANCE
CORPORATION (FHFC); AND FURTHER AUTHORIZING THE
APPROPRIATION OF ANY INTEREST ACCRUED THEREON FOR
ELIGIBLE HOUSING COUNSELING SERVICE ACTIVITIES UNDER THE
SHIP PROGRAM RULES.
WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act,
Chapter 92-317 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, §§ 420.907-420.9079,
Florida Statutes (1992), and Rule Chapter 67-37, the Florida Administrative Code, require local
governments to develop a three-year Local Housing Assistance Plan (LHAP) outlining how
funds will be used; and
WHEREAS, the City receives annual entitlement funds allocations from the State of Florida
SHIP Program for the purpose of developing and maintaining affordable owner-occupied and
renter-occupied properties; and
WHEREAS, the Florida Housing Finance Corporation (FHFC) is the entity that administers
the SHIP Program for the State of Florida; and
WHEREAS, FHFC notified the City of an additional allocation of $13,027 for FY 2016/2017,
to be used to provide homeowners and prospective homebuyers with housing counseling; and
WHEREAS, the funds are not automatically disbursed to the City; and
WHEREAS, The City must submit a request and certification to FHFC to receive the
distribution of the funds; and
WHEREAS, the Administration recommends that the request and certification be submitted
to FHFC so that the funds can be disbursed and utilized to enhance the services provided under
the homebuyer/homeowner programs.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby approve
the acceptance of$13,027 of State Housing Initiatives Partnership (SHIP) funds for the purpose ,
of providing housing counseling services for homeowners and prospective
homebuyers; authorize the appropriation of the SHIP funds as an addition to the fiscal year
2016/2017 allocation; authorize the City Manager or his designee to execute any and all
documents or agreements in connection with the funding allocation, and to submit them to the
Florida Housing Finance Corporation (FHFC); and further authorize the appropriation of any
interest accrued thereon for eligible housing counseling service activities under the SHIP
Program rules.
PASSED AND ADOPTED this /y day of beuh41er— , 2016.
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APPROVED AS TO
FORM & LANGUAGE
& FO EXE UTION
City Attorney ` Dote
Resolutions - C7 S
MIAMI BEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Jimmy L. Morales, City Manager
DATE: December 14, 2016
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, APPROVING THE ACCEPTANCE OF $13,027 OF
STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) FUNDS FOR THE
PURPOSE OF PROVIDING HOUSING COUNSELING SERVICES FOR
HOMEOWNERS AND PROSPECTIVE HOMEBUYERS; AUTHORIZING THE
APPROPRIATION OF THE FUNDS AS AN ADDITION TO THE FISCAL YEAR
2016/2017 SHIP ALLOCATION; AUTHORIZING THE CITY MANAGER OR HIS
DESIGNEE TO EXECUTE ANY AND ALL DOCUMENTS OR AGREEMENTS IN
CONNECTION WITH THE FUNDING ALLOCATION, AND TO SUBMIT THEM TO
THE FLORIDA HOUSING FINANCE CORPORATION (FHFC); AND FURTHER
AUTHORIZING THE APPROPRIATION OF ANY INTEREST ACCRUED THEREON
FOR ELIGIBLE HOUSING COUNSELING SERVICE ACTIVITIES UNDER THE
SHIP PROGRAM RULES.
RECOMMENDATION
The Administration recommends approving the Resolution.
ANALYSIS
The State Housing Initiatives Partnership Program (SHIP), administered through the Florida
Housing Finance Corporation (FHFC), was established in 1992 by the William E. Sadowski
Affordable Housing Act to stimulate the production of affordable housing statewide. SHIP
Program funds are derived from documentary stamp levies on real estate transactions, and held
in the SHIP Program Trust Fund.Annually, FHFC allocates SHIP program funds among
participating jurisdictions on a formula basis. Those funds are automatically disbursed to the
individual jurisdictions and serve to increase access to affordable housing for income-eligible
participants.
Entitlement communities receiving SHIP funds are required to produce and file a Local Housing
Assistance Plan (LHAP) which governs each community's use of SHIP funds. A new LHAP
must be filed every three years. The LHAP delineates the strategies that will be employed to
increase the availability of affordable housing for income-eligible residents within the jurisdiction.
FHFC notified the City of an additional allocation of $13,027 for FY 2016/2017, to be used to
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provide homeowners, and prospective homebuyers, with housing counseling services. These
funds are available as a result of actions approved as part of the housing bill passed by the
2016 Florida Legislature. The funds can be used for the following purposes:
• First-time homebuyer counseling
• Foreclosure prevention counseling
• Financial coaching
• Financial management education
• Extended financial management
Unlike the regular annual program allocations, these funds will not be automatically disbursed to
the participating jurisdictions. Instead, the jurisdictions must submit a request and certification to
FHFC to receive the disbursement.
SHIP's specific expenditure guidelines have posed challenges in our community. The ability to
serve very low- and low-income households in our strong real estate market has made it difficult
to match eligible households with current market units. This situation is further complicated by
many first-time homeowner households being unfamiliar with the requirements and
responsibilities of homeownership, including the purchase process, the maintenance of a home,
and the prevention of the possible loss of a home through foreclosure.
The proposed funding will provide the City with the opportunity to enhance its affordable housing
programs by identifying and preparing potential homebuyers that would otherwise not participate
due to the lack of knowledge of available purchase opportunities or poor financial planning and
management.
Therefore, the administration is proposing that the new funds be accepted and the City establish
a housing counseling program (or series of programs)that will allow the delivery of the services
identified by the State. This will provide additional opportunities for the City to provide affordable
housing assistance and to comply with SHIP Program requirements.
CONCLUSION
The Administration recommends approving the acceptance of $13,027 of State Housing
Initiatives Partnership (SHIP)funds for the purpose of providing housing counseling services for
homeowners and prospective homebuyers; authorizing the appropriation of the funds as an
addition to the fiscal year 2016/2017 SHIP allocation; authorizing the City Manager, or his
designee, to execute any and all documents or agreements in connection with the funding
allocation and submitting them to the Florida Housing Finance Corporation (FHFC); and further
authorizing the appropriation of any interest accrued thereon for eligible housing counseling
service activities under the SHIP program rules.
KEY INTENDED OUTCOMES SUPPORTED
Ensure Workforce Housing For Key Industry Workers Is Available In Suitable Locations
Legislative Tracking
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Housing and Community Services
ATTACHMENTS:
Description
❑ Resolution
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