2007-26510 Reso
2007- 2651 0
RESOLUTION NO.
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING
AND ADOPTING THE ATTACHED LOCAL HOUSING
ASSISTANCE PLAN FOR THE STATE HOUSING
INITIATIVES PARTNERSHIP (SHIP) PROGRAM FOR
FISCAL YEARS 2007/08, 2008/09, AND 2009/10, AS REQUIRED
BY THE STATE HOUSING INITIATIVES PARTNERSHIP
PROGRAM ACT, SUBSECTIONS 120.907-420.9079, FLORIDA
ADMINISTRATIVE CODE; AUTHORIZING THE
NECESSARY CERTIFICATIONS BY THE MAYOR AND THE
CITY CLERK; AUTHORIZING SUBMISSION OF THE
LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND
APPROVAL BY THE FLORIDA HOUSING FINANCE
CORPORATION; AUTHORIZING THE APPROPIATION OF
SHIP PROGRAM FUNDS FOR FISCAL YEAR 2007/08, IN THE
AMOUNT OF $525,506; FISCAL YEAR 2008/09, IN THE
AMOUNT OF $525,506; AND FISCAL YEAR 2009/10, IN THE
AMOUNT OF $525,506; OR SUCH FINAL ALLOCATION
AMOUNTS, AS ADJUSTED BY THE FLORIDA HOUSING
FINANCE CORPORATION; AND AUTHORIZING THE
APPROPRIATION OF ANY INTEREST ACCRUED
THEREON, FOR ELIGIBLE ACTIVITIES UNDER THE SHIP
PROGRAM RULES.
WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act
(the Act) on July 7, 1992, allocating a portion of new and existing documentary stamp taxes on
deeds to local governments for development and maintenance of housing through the State
Housing Initiatives Partnership (SHIP) Program; and
WHEREAS, the Act requires that in order to qualify for funding, local governments prepare
and submit a Local Housing Assistance Plan outlining how the funds will be used; and
WHEREAS, on April 14, 2004, pursuant to Resolution No. 2004-25537, the Mayor and City
Commission approved and adopted a City of Miami Beach Housing Assistance Plan for Fiscal
Years 2007/08, 2008/09 and 2009/10, pursuant to the requirements of the Act and the SHIP
Program Rule, issued by the Florida Housing Finance Corporation; and
WHEREAS, it is found that 5% of the Local Housing Distribution is insufficient to
adequately pay the administrative costs of the SHIP Program and the cost of administering the
Program may not exceed 10% of the local housing distribution; and
WHEREAS, the Administration has prepared a new Local Housing Assistance Plan, as
attached to this Resolution, for Fiscal Years 2007/08, 2008/09, and 2009/10, in order to qualify
to receive annual allocations of SHIP Program funds for eligible housing activities.
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WHEREAS, this Resolution authorizes the appropriation of SHIP Program funds for Fiscal
Year 2007/08, in the amount of $525,506; Fiscal Year 2008/09, in the amount of $525,506; and
Fiscal Year 2009/1 0, in the amount of $525,506; or such final allocation amounts, as adjusted by
the Florida Housing Finance Corporation; and authorizes the appropriation of any interest
accrued thereon, for eligible activities under the SHIP Program Rule.
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 and adopt the attached Local Housing Assistance Plan for the State
Housing Initiatives Partnership (SHIP) Program for Fiscal Years 2007/08, 2008/09 and 2009/1 0;
authorize the necessary certifications by the Mayor and the City Clerk; authorize submission of
the Local Housing Assistance Plan for review and approval by the Florida Housing Finance
Corporation; authorize the appropriation of SHIP Program funds for Fiscal Year 2007/08, in the
amount of $525,506; Fiscal Year 2008/09, in the amount of $525,506; and Fiscal Year 2009/1 0,
in the amount of $525,506; or such final allocation amounts, as adjusted by the Florida Housing
Finance Corporation; and authorize the appropriation of any interest accrued thereon, for eligible
activities under the SHIP Program Rule.
Passed and adopted this ~hday of
April
ATTEST:
~i Peudw--
CITY CLERK
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APPROVED AS TO
FORM & LANGUAGE
& FOR EXECUTION
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COMMISSION ITEM SUMMARY
Condensed Title:
A Resolution approving and adopting the SHIP Program Local Housing Assistance Plan for Fiscal
Years 2007/08,2008/09, and 2009/10.
Ke Intended Outcome Su orted:
Increase availability of workforce/affordable housing.
Issue:
Shall the City adopt a resolution approving the SHIP Local Housing Assistance Plan for Funding
Years 2007/08,2008/09, and 2009/10.
Item Summary/Recommendation:
The SHIP Program requires that a new Local Housing Assistance Plan (Plan) for State fiscal years
2007/08, 2008/09, and 2009/10, utilizing the format required by the FHFC. The proposed Plan
incorporates the strategy of the current Local Housing Assistance Plan and continues to provide for
SHIP Program funds to be used for rehabilitation, down payment assistance, closing cost assistance
and home ownership training in relation to a Home Buyer Assistance Program to assist income
eligible participants. The new three year Plan is to be implemented starting July 1, 2007. The Plan
provides for guidance on how the SHIP funding will be expended in accordance with the SHIP
Program Rule and Regulations.
The Administration recommends that the Mayor and the City Commission adopt a resolution
approving the SHIP Program Local Housing Assistance Plan for FYs 2007/08,2008/09, and 2009/10.
Adviso Board Recommendation:
On April 5, 2007 the Loan Review Committee recommended approval of the SHIP Program Local
Housin Assistance Plan for FYs 2007/08,2008/09, and 2009/10.
Financial Information:
Source of Amount Account Approved
Funds: 1
2
SHIP 3
Program
4
aSPI Total
Financial Impact Summary:
Ci Clerk's Office Le islative Trackin
Vivian P. Guzman
Si n-Offs:
Department Director
Assis ant City Manager
~y
City Manager
in
~
MIAMI BEACH
AGENDA ITEM
DATE
e7M
It-I/ -07
&
MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov
COMMISSION MEMORANDUM
From:
Mayor David Dermer and Members of the City Commission
Jorge M. Gonzalez, City Manager ~ ~
April 11, 2007 0
To:
Date:
Subject: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, APPROVING AND ADOPTING THE
ATTACHED LOCAL HOUSING ASSISTANCE PLAN FOR THE STATE
HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM FOR FISCAL
YEARS 2007/08, 2008/09, AND 2009/10, AS REQUIRED BY THE STATE
HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT,
SUBSECTIONS 120.907-420.9079, FLORIDA ADMINISTRATIVE CODE;
AUTHORIZING THE NECESSARY CERTIFICATIONS BY THE MAYOR
AND THE CITY CLERK; AUTHORIZING SUBMISSION OF THE LOCAL
HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE
FLORIDA HOUSING FINANCE CORPORATION; AUTHORIZING THE
APPROPIATION OF SHIP PROGRAM FUNDS FOR FISCAL YEAR
2007/08, IN THE AMOUNT OF $525,506; FISCAL YEAR 2008/09, IN THE
AMOUNT OF $525,506; AND FISCAL YEAR 2009/10, IN THE AMOUNT
OF $525,506; OR SUCH FINAL ALLOCATION AMOUNTS, AS
ADJUSTED BY THE FLORIDA HOUSING FINANCE CORPORATION;
AND AUTHORIZING THE APPROPRIATION OF ANY INTEREST
ACCRUED THEREON, FOR ELIGIBLE ACTIVITIES UNDER THE SHIP
PROGRAM RULES.
Administration Recommendation
Adopt the Resolution.
Analvsis
The State Housing Initiatives Partnership (SHIP) Program, administered through the
Florida Housing Finance Corporation (FHFC), was established by the 1992 William
E. Sadowski Affordable Housing Act (Act) to stimulate the production of housing
statewide. SHIP Program funds are derived from documentary stamp levies on real
estate transactions. Annually, the FHFC allocates SHIP Program funds among
participating jurisdictions on a formula basis.
On April 14, 2004, the City approved Resolution 2004-25537 adopting a Local
Housing Assistance Plan (Plan) for State fiscal years 2004/05, 2005/06, and
2006/07. This current plan provides for the use of SHIP Program funds for
rehabilitation, down payment assistance, closing cost assistance, and
homeownership training in relation to a Home Buyer Assistance Program to assist
participants with an income of up to 120 percent of area median income (currently
$49,800 for a family of one). The current Local Housing Assistance Plan expires on
June 30,2007.
The SHIP Program requires that a new Local Housing Assistance Plan (Plan) for
State fiscal years 2007/08, 2008/09, and 2009/10, be adopted by the City and
submitted to the FHFC for review and approval by May 2, 2007. The Plan is to be
implemented on July 1, 2007, and the SHIP Program allocation for the City is
estimated to be $525,506 for State fiscal year 2007/08. In accordance with the SHIP
Program Rule, ten percent of the annual allocation, plus five percent of any accrued
interest, is utilized by the City for program administration. The FHFC will not
dispense SHIP Program funds to jurisdictions that do not have an adopted Plan in
place.
The Administration has prepared the attached three-year Local Housing Assistance
Plan covering State fiscal years 2007/08, 2008/09, and 2009/10, utilizing the format
required by the FHFC. The proposed Plan incorporates the strategy of the current
Local Housing Assistance Plan and continues to provide for SHIP Program funds to
be used for rehabilitation, down payment assistance, closing cost assistance and
home ownership training in relation to a Home Buyer Assistance Program to assist
income-eligible participants.
On April 5, 2007, the City's Loan Review Committee reviewed the proposed Local
Housing Assistance Plan and recommended that the Mayor and City Commission
adopt the Plan. In accordance with the SHIP Program Rule, on Monday, April 2,
2007, the City advertised a 30-day citizen comment period on the Local Housing
Assistance Plan. No comments were received by the time the agenda for the City
Commission meeting went to print.
During the last three years, and under the current Local Housing Assistance Plan,
the City successfully utilized all the SHIP Program funds received from the FHFC.
The annual SHIP Program funding allocations to the City may be adjusted by the
FHFC depending on actual documentary stamp tax revenues collected by the State.
Hence, the attached Resolution appropriates the amount of SHIP Program funds
allocated to the City, or the final allocation amount as adjusted by the FHFC, for
fiscal years 2007/08, 2008/09, and 2009/10, plus accrued interest on the funds, for
eligible activities under the rules of the SHIP Program.
CONCLUSION
The Administration recommends approval of a Resolution of the Mayor and City
Commission of the City of Miami Beach, Florida, approving and adopting the
attached Local Housing Assistance Plan (Plan) for the State Housing Initiatives
Partnership (SHIP) Program for State fiscal years 2007/08, 2008/09, and 2009/10;
authorizing the necessary certifications by the Mayor and the City Clerk; and
authorizing submission of the Local Housing Assistance Plan for review and approval
by the Florida Housing Finance Corporation; further, authorizing the appropriation of
SHIP Program funds for fiscal year 2007/08, in the amount of $525,506; fiscal year
2008/09, in the amount of $525,506; and fiscal year 2009/10, in the amount of
$525,506; or the final allocation amount, as adjusted by the Florida Housing Finance
Corporation; and authorizing the appropriation of any interest accrued thereon, for
eligible activities under the rules of the SHIP Program.
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