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R18-076
1 RESOLUTION R18-076 2 3 4 A RESOLUTION OF THE CITY OF BOYNTON 5 BEACH, FLORIDA, ADOPTING THE LOCAL 6 HOUSING ASSISTANCE PLAN (LHAP), FOR STATE 7 FISCAL YEARS 2018/19, 2019/20, 2020/21, FOR THE 8 CONTINUATION OF THE STATE HOUSING 9 INITIATIVES PARTNERSHIP (SHIP) PROGRAM; 10 PROVIDING AN EFFECTIVE DATE. 11 12 WHEREAS, in accordance with Florida Statutes Chapter 420, dedicated revenues 13 resulting from the William E. Sadowski Affordable Housing Act are distributed to various 14 municipalities that are "entitled" communities to assist with affordable housing efforts; and 15 WHEREAS, The Plan (attached hereto and made a part hereof) was initially 16 established in 1997 with input from citizens directly involved in the housing industry, and is 17 consistent with the housing element of the City's Comprehensive Plan; and 18 WHEREAS, upon the recommendation of staff, the City Commission deems it to 19 be in the best interests of the citizens and residents of the City of Boynton Beach to adopt 20 the City's Local Housing Assistance Plan (LHAP) for State Fiscal Years 2018/19, 2019/20 21 and 2020/21. 22 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 23 THE CITY OF BOYNTON BEACH,FLORIDA, THAT: 24 Section 1. The foregoing "Whereas" clauses are true and correct and are hereby 25 ratified and confirmed by the City Commission. 26 Section 2. The City Commission of the City of Boynton Beach, Florida, hereby 27 adopts the City's Local Housing Assistance Plan (LHAP) for State Fiscal Years 2018/19, 28 2019/20, and 2020/21, for the continuation of the State Housing Initiatives Partnership C:\Users\StanzioneT\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.1E5\TQFSZ5NC\Adopt_LHAP_2018-21_-_Reso.doc 29 (SHIP) Program. 30 Section 3. This Resolution shall become effective immediately upon passage. 31 PASSED AND ADOPTED this 5th day of June, 2018. 32 33 34 CITY OF BOYNTON BEACH, FLORIDA 35 36 YES NO 37 38 Mayor—Steven B. Grant t/ 39 40 Vice Mayor—Christina L. Romelus 41 42 Commissioner—Mack McCray `V 43 44 Commissioner—Justin Katz 45 46 Commissioner—Joe Casello 47 48 49 VOTE 50 51 ATTEST: 52 53 54214 "66-- 55 Jud'- . Pyle, CMC 56 CV Clerk 57 58 59 60 (Corporate Seal) 61 C:\Users\StanzioneT\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.IE5\TQFSZ5NC\Adopt_LHAP_2018-21_-_Reso.doc City of Boynton Beach 2018-2021 LHAP Florida ousing City of Boynton Beach iAN SHIP LOCAL HOUSING ASSISTANCE PLAN (CHAP) 2018-2019, 2019-2020, 2020®2021 Department of Development — Community Development Division Octavia S. Sherrod, Community Improvement Manager Lashea Brooks, Community Improvement Specialist - 1- City of Boynton Beach 2018-2021 LHAP Florida1-lousing Table of Contents Description Page# Section I,Program Details 3 Section II,Housing Strategies 7 A. Purchase Assistance With Rehabilitation 7 B. Purchase Assistance without Rehabilitation 10 C. Owner Occupied Rehabilitation 13 D. Disaster Repair/Mitigation 17 Section III,Incentive Strategies 19 A.Expedited Permitting 19 B.Ongoing Review Process 19 Exhibits 20 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. Program Information Sheet -2 - a City of Boynton Beach 2018-2021 LHA.P Floridousing ! ro . C:v . a.• n Program Details: A. Name of the participating local government:City of Boynton Beach Is there an Interlocal Agreement:Yes No X If"Yes", name local government(s)in the Interlocal Agreement: B. Purpose of the program: 1. To meet the housing needs of the very low, low and moderate income households; 2. To expand production of and preserve affordable housing;and 3. To further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: 2018-2019 2019-2020 2020-2021 D. Governance: The SHIP Program is established in,accordance with Section 420.907-9079, Florida Statutes and Chapter 67-37, Florida Administrative Code.Cities and Counties must comply with these applicable statutes,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 and service 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 services and lead agencies of the local continuums of care. F: Leveraging: The Plan is intended to increase the availability of affordable residential units by combining local resources 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 Housing Finance 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 -3- City of Boynton Beach 2018-2021 LHAP Floridousing service providers and local lenders and neighborhood associations. Public input was solicited through the local newspaper in the advertising of the Local Housing Assistance Plan and the Notice of Funding Availability. H. Advertising and Outreach: SHIP funding availability shall be advertised in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods,at least 30 days before the beginning of the application period.If no funding is available due to a waiting list, no notice of funding availability is required. I. Waiting List/Priorities: A waiting list will be established when there are eligible applicants for strategies that no longer have funding available. Applicants on the waiting list will be notified of their status. The list will be maintained in an order that is consistent with the time applications were submitted as well as any established funding priorities as described in this plan. The following priorities for funding described/listed here apply to all strategies unless otherwise stated in the strategy: Order of Ranking Priority: 1. Special Needs Households a. Very low b. Low c. Moderate 2. Essential Services Personnel a. Very low b. Low c. Moderate J. Discrimination : In accordance with the provisions of ss.760.20-760.37, it is unlawful to discriminate on the basis of race, color, religion, sex, national origin, age, handicap, or marital status in the award application process for eligible housing. K. Support Services and Counseling: Support services are available from various sources. Available support services may include but are not limited to Homeownership Counseling(Pre and Post),Credit Counseling,Tenant Counseling, Foreclosure Counseling and Transportation. L. Purchase Price Limits: The sales price or value of new or existing eligible housing may not exceed 90%of the average area purchase price in the statistical area in which the eligible housing is located. Such average area purchase price may be calculated for any 12-month period beginning no earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and existing units,which can be lower but may not -4- City of Boynton Beach 2018-2021 LHAP Floridousing exceed 90%of the median area purchase price established by the U.S.Treasury Department or as described above. The methodology used is: X U.S.Treasury Department Local HFA Numbers M. Income Limits, Rent Limits and Affordability: The Income and Rent Limits used in the SHIP Program are updated annually by the Department of Housing and Urban Development and posted at www.floridahousing.org. "Affordable"means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections 420.9071, F.S. However, it is not the intent to limit an individual household's ability to devote more than 30%of its income for housing,and housing for which a household devotes more than 30%of its income shall be deemed Affordable if the first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30%benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. N. Welfare Transition Program: Should an eligible sponsor be used,a qualification system and selection criteria for applications for Awards to eligible sponsors shall be developed,which includes a description that demonstrates how eligible sponsors that employ personnel from the Welfare Transition Program will be given preference in the selection process. 0. Monitoring and First Right of Refusal: In the case of rental housing,the staff and any entity that has administrative authority for implementing the local housing assistance plan assisting rental developments,shall annually monitor and determine tenant eligibility or,to the extent another governmental entity provides periodic monitoring and determination,a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. However,any loan or grant in the original amount of$10,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored annually for no less than 15 years or the term of assistance whichever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before 15 years or that have remaining mortgages funded under this program must give a first right of refusal to eligible nonprofit organizations for purchase at the current market value for continued occupancy by eligible persons. P. Administrative Budget: A line-item budget of proposed Administrative Expenditure is attached as Exhibit A. -5- City of Boynton Beach 2018-2021 LHAP Florida ousing The City of Boynton Beach finds that the moneys deposited in the local housing assistance trust fund shall be used to administer and implement the local housing assistance plan. Section 420.9075 Florida Statute and Chapter 67-37,Florida Administrative Code, states:"A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs,unless its governing body finds,by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufcient 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 of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund,except that small counties,as defined'in s.120.52(19),and eligible municipalities receiving a local housing distribution of up to$350,000 may use up to 10 percent of program income for administrative costs."The applicable local jurisdiction has adopted the above findings in the resolution attached as Exhibit E. Q. Program Administration: Administration of the local housing assistance plan will be wholly performed and maintained by the City of Boynton. R. Project Delivery Costs: S. Essential Service Personnel Definition: Define in accordance with Rule Chapter 67-37.002(8) F.A.C. and Chapter 67-37.005(8), F.A.C.and Section 420.9075(3)(a) FS. The City of Boynton Beach defines Essential Service Personnelas persons in need of affordable housing whose income does not exceeds 120% of Area Median Income (AMI)of Palm Beach County and are employed in the following areas: Educators in K-12,other school district,community college and university employees, Active Military, National Guards stationed in Palm Beach County, police and fire services personnel,health care personnel,other public services,childcare services, retail and wholesale services,and skilled building trade industry personnel. T . Describe efforts to incorporate Green Building and Energy Saving products and processes: The City of Boynton Beach evaluates allproperties in order to pursue assistance with improvements and/or funding to replace depleted assets. The City will continue its efforts to use Energy Star and/or energy efficient products for the following components: • Windows and doors • Roofing materials • Central Air/Heating Units,with a minimum 16 SEER -6- City of Boynton Beach 2018-2021 LHAP FloridaHousing • Programmable Thermostats © Insulation,with an upgrade to R-30 ® Hot Water Heaters • Water conservation utilizing"Water Sense"Technology o Toilets o Showerheads o Faucet aerators • Hurricane Shutters The City implemented a Green Building Program, which established procedures and incentives for the implementation of green building standard Chapter Two, Article One Overview,of the City's Land Development Regulations by Ordinance 11.014. This effort demonstrates the City of Boynton commitment to a green building program. U. Describe efforts to meet the 20%Special Needs set-aside: A minimum of 20%of the City of Boynton Beach State Housing Initiative Partnership (SHIP)fund allocation will be set aside to serve persons with special needs as define in FL Statue 420.0004. Person with developmental disabilities will have first priority. American Disabilities Act(ADA)accessibility measures to include bathroom accommodation i.e.fixtures,toilets,showers and grab bars;wheelchair ramps; door widening; kitchen accommodations and accessibility from the outside of the home. V. Describe efforts to reduce homelessness: The City of Boynton Beach continues to collaborate with The Homelessness and Housing Alliance (HHA)of Palm Beach County(formerly the Continuum of Care) in its efforts to deliver comprehensive and coordinated continuum of services to homeless individuals and families in Palm Beach County. Components of HHA include homeless prevention,outreach and assessment,emergency shelter,transitional housing, supportive services,permanent housing and permanent supportive housing. Section II. LHAP Strategies: �'.. Purchase 'ssistrrncti with h'chr f; ('one a. Summary of Strategy: This strategy will award deferred interest loans to assist eligible first-time homebuyers with the purchase of existing or newly constructed (with a Certificate of Occupancy)eligible affordable housing. The deferred interest loan will provide "GAP"financing for first mortgages to ensure affordable monthly payments. Eligible costs under this strategy may include but are not limited to down payment and closing costs,and principal reduction costs for new construction. Eligible costs _7_ City of Boynton Beach 2018-2021 LHAP Florida sousing under this strategy may include but are not limited to down payment and closing costs on the first mortgage and repairs needed to make the unit habitable. Eligible properties include existing homes which need rehabilitation. Rehabilitation is defined as the repairs or improvements needed for safe and sanitary habitation, and/or correction of substantial code violations b. Fiscal Years Covered 2018-2019,2019-2020,and 2020-2021 c. Income Categories to be served: Extremely Low,Very Low Income,Low Income, Moderate Income d. Maximum award: Extremely Low/Very Low $75,000.00 Low $60,000.00 Moderate $20,000.00 e. Terms: 1. Repayment loan/deferred loan/grant: Deferred Interest Loan secured by a recorded mortgage and note. 2. Interest Rate: 0% 3. Years in loan term: Fifteen years(15) 4. Forgiveness: Pro rata rate over 15 years(15) If no default occurs,the deferred interest loan will be forgiven at a pro rata rate overa period of fifteen(15)years. 5. Repayment: No payment as long as the loan is good standing and no default occurs. 6. Default: The loan is in default if any of the following occurs during the fifteen(15) year loan period: sale,transfer,or conveyance of property; conversion to a rental property,vacating of property, loss of homestead exemption status; failure to occupy the home as primary residence,refinancing with cash out or debt consolidation,or subject to a Reverse Mortgage. If any of these occur,the outstanding balance of the deferred interest loan is due and -8- City of Boynton Beach 2018-2021 LIIAP Floridh-lousing payable to the City of Boynton Beach. In cases where the qualifying homeowner(s)die during the loan term,an income eligible heir who will occupy the home as a primary residence may assume the loan. If the legal heir is not income eligible,chooses not to occupy the home,or the house is sold,transferred,or refinanced, the outstanding balance of the loan will be due and payable to the City of Boynton Beach. Income eligible heir must execute Mortgage and Promissory Note. The Mortgage will be recorded in the public records of Palm Beach County. In the event where failure of payment to the superior mortgage lien holder which leads foreclosure and/or loss of property,the City may foreclose and take legal actions to recover the secured mortgage funds. f: Recipient Selection Criteria: Applicant(s)will be selected on a first-qualified,first-served basis with priorities give to income groups described in Section I(I)of this plan. g. Sponsor/Developer Selection Criteria: Not Applicable h. Additional Information: Applicant must secure a first mortgage by an approved lender.. All first mortgages must be a fixed rate loan product. The household assisted must be income qualified.Annual income will be determined as defined in 24 CFR 5.609. Applicant(s)are required to provide all documentation requested for income, eligibility,and qualification determination. SHIP staff will obtain third party verification of income,employment,and assets. Ineligible applicant(s)will be notified in writing for reason of ineligibility and that they may reapply for SHIP assistance six(6)months from the date of the letter. Applicants must attend a 6 hours Homebuyer Education class from a HUD- approved housing counseling agency prior to loan closing. Eligible properties include the purchase of existing single-family homes, townhouses,villas and condominiums. Mobile homes are ineligible. Eligible property must be located within the City limit of Boynton Beach. Applicant(s)must be first time homebuyers,defined as an individual and/or his or her spouse who has not owned a house within the past three (3)years prior to -9- City of Boynton Beach 2018-2021 LHAP Floridousing applying for assistance,including displaced homeowners due to divorce,(unless the displaced homeowner was,the parent awarded custody and/or provides the primary residence of minor child/children). Applicant(s)may not currently have monetary assets exceeding$25,000(gifts included in the asset calculation). If the applicant has funds that exceed the $25,000 maximum and is income certified, he/she must commit one third(1/3)of the of cash on hand over the maximum allowable to be used in addition to the amount of assistance provided. The exception to this would be if the applicant has funds in a retirement fund accessible only by termination or retirement. Applicant(s)will be responsible for a minimum of three percent(3%)of their own funds towards down payment/closing costs,and/or the financial institution's processing fee and the first year's premium of homeowner's insurance.Gifts,Seller Contributions, Lender and/or Non-Profits Contributions cannot be counted towards 3%. Applicant(s) must not own any other residence unless it is being replaced with the construction of a new home though the SHIP Program. Property must meet City of Boynton minimum housing quality standards and be inspected and approved by Community Improvement Division Construction Coordinator. Subordination of the SHIP program loan will not be approved for a purpose other than refinance debt that was secured by the subject property prior to or of the same date of the SHIP program loan. The City of Boynton Beach will only allow One(1)subordination approval during the term of the SHIP program loan. The City of Boynton Beach reserves the right to deny any subordination request it deems not in its'or the homeowners best interest. The authority to approve subordinate requests or exceptions to the Subordination Policy will rest the City Manager or his/her designee. Energy efficiency and green housing related repairs shall be encouraged. Repairs shall also be guided by the minimum building code which is the 2014 Florida Building Code Residential. . 1ss stonfter,=';[ a. Summary of Strategy: This strategy will award loans to assist extremely-low, very-low, low, and - 10 City of Boynton Beach 2018-2021 LHAP Flo ridousing moderate-income homebuyers with thepurchase of a home and will provide"GAP" financing for first mortgages to ensure affordable monthly payments. Eligible costs under this strategy may include but are not limited to down payment and closing costs on the first mortgage and repairs needed to make the unit habitable. Eligible properties include existing homes which need rehabilitation. Rehabilitation is defined as the repairs or improvements needed for safe and sanitary habitation, and/or correction of substantial code violations b. Fiscal Years Covered:2018-2019,2019-2020,2020-2021 c. Income Categories to be served: Extremely Low,Very Low Income,Low Income, Moderate Income d. Maximum award: Extremely Low/Very Low $60,000.00 Low $60,000.00 Moderate $10,000.00 e. Terms: 1. Repayment loan/deferred loan/grant: Deferred Interest repayment loan 2. Interest Rate: 0% 3. Years in loan term: Fifteen years(15) 4. Forgiveness: Pro rata rate over 15 years(15) If no default occurs,the deferred interest loan will be forgiven at a pro rata rate over a period of fifteen(15)years. 5. Repayment: 6. No payment as longus the loan is good standing and no default occurs. 7. Default: The loan is in default if any of the following occurs during the fifteen (15) year loan period: sale,transfer,or conveyance of property;conversion to a rental property,vacating of property,loss of homestead exemption status; failure to occupy the home as primary residence, refinancing with cash out or debt consolidation,or subject to a Reverse Mortgage. If any of these occur,the outstanding balance of the deferred interest loan is due and 11- City of Boynton Beach 2018-2021 LIIAP Florid ousing payable to the City of Boynton Beach. In cases where the qualifying homeowner(s) die during the loan term,an income eligible heir who will occupy the home as a primary residence may assume the loan. If the legal heir is not income eligible,chooses not to occupy the home,or the house is sold,transferred,or refinanced, the outstanding balance of the loan will be due and payable to the City of Boynton Beach. Income eligible heir must execute Mortgage and Promissory Note. The Mortgage will be recorded in the public records of Palm Beach County. In the event where failure of payment to the superior mortgage lien holder which leads foreclosure and/or loss of property,the City may foreclose and take legal actions to recover the secured mortgage funds. f. Recipient Selection Criteria: Applicant(s)will be selected on a first-qualified,first-served basis with priorities give to income groups described in Section I (I)of this plan. g. Sponsor/Developer Selection Criteria: Not Applicable h. Additional Information: Applicant must secure a first mortgage by an approved lender. All first mortgages must be a fixed rate loan product. The household assisted must be income qualified.Annual income will be determined as defined in 24 CFR 5.609. Applicant(s)are required to provide all documentation requested for income, eligibility,and qualification determination. SHIP staff will obtain third party verification of income,employment,and assets. Ineligible applicant(s)will be notified in writing for reason of ineligibility and that they may reapply for SHIP assistance six(6) months from the date of the letter. Applicants must attend a 6 hours Homebuyer Education class from a HUD- approved housing counseling agency prior to loan closing. Eligible properties include the purchase of existing single-family homes, townhouses,villas and condominiums. Mobile homes are ineligible. Eligible property must be located within the City limit of Boynton Beach. Applicant(s) must be first time homebuyers,defined as an individual and/or his or her spouse who has not owned a house within the past three(3)years prior to applying for assistance, including displaced homeowners due to divorce, (unless the - 12- City of Boynton Beach 2018-2021 LHAP Florida Housing displaced homeowner was,the parent awarded custody and/or provides the primary residence of minor child/children). Applicant(s) may not currently have monetary assets exceeding$25,000(gifts included in the asset calculation). If the applicant has funds that exceed the $25,000 maximum and is income certified, he/she must commit one third (1/3)of the of cash on hand over the maximum allowable to be used in addition to the amount of assistance provided. The exception to this would be if the applicant has funds in a retirement fund accessible only by termination or retirement. Applicant(s)will be responsible for a minimum of three percent(3%)of their own funds towards down payment/closing costs, and/or the financial institution's processing fee and the first year's premium of homeowner's insurance.Gifts,Seller Contributions, Lender and/or Non-Profits Contributions cannot be counted towards 3%. Applicant(s) must not own any other residence unless it is being replaced with the construction of a new home though the SHIP Program. Property must meet City of Boynton minimum housing quality standards and be inspected and approved by Community Improvement Division Construction Coordinator. Subordination of the SHIP program loan will not be approved for a purpose other than refinance debt that was secured by the subject property prior to or of the same date of the SHIP program loan. The City of Boynton Beach will only allow One subordination approval during the term of the SHIP program loan. The City of Boynton Beach reserves the right to deny any subordination request it deems not in its'or the homeowners best interest. The authority to approve subordinate requests or exceptions to the Subordination Policy will rest the City Manager or his/her designee. f(Owner°ccui: ied Kehcthll►frtior ('ode a.Summary of Strategy: This strategy will award loans to assist Owner Occupied homeowners with needed repairs as defined by Chapter 67-37, Florida Administrative Code. The City of Boynton Beach passed a Community Appearance Code Ordinance in 1996. The result of stepped-up code enforcement has made rehabilitation a cost burden for many extremely low,very low, low and moderate income residents. Rehabilitation is defined as the repairs or improvements - 13- City of Boynton Beach 2018-2021 Li3AP Floridousing needed for safe and sanitary habitation, and/or correction of substantial code violations. Repairs of an emergency nature, as determined by the City of Boynton Beach's Construction Coordinator, will be given priority. Mobile homes and rental units are not eligible for assistance in this strategy. b. Fiscal Years Covered:2018-2019,2019-2020,2020-2021 c. Income Categories to be served: Extremely Low,Very Low, Low,Moderate* Moderate income residents will be considered only for code/safety related repairs. d. Maximum award: Extremely Low/Very Low $50,000.00 Low $50,000.00 Moderate $20,000.00 e. Terms: 1. Repayment loan/deferred loan/grant: Deferred Interest repayment loan 2. Interest Rate: 0% 3. Years in loan term: Fifteen years(15) 4. Forgiveness: The deferred interest loan will be forgiven after 15 (fifteen)years if no default occurs. 5. Repayment: No payment as long as the loan is good standing and no default occurs. 6. Default: The loan is in default if any of the following occurs during the fifteen (15) year loan period: sale,transfer,or conveyance of property;conversion to a rental property,vacating of property, loss of homestead exemption status; failure to occupy the home as primary residence,refinancing with cash out or debt consolidation,or subject to a Reverse Mortgage. If any of these occur,the outstanding balance of the deferred interest loan is due and payable to the City of Boynton Beach. - 14- City of Boynton Beach 2018-20211,1AP Floridikousing In cases where the qualifying homeowner(s)die during the loan term,an income eligible heir who will occupy the home as a primary residence may assume the loan. If the legal heir is not income eligible,chooses not to occupy the home,or the house is sold,transferred,or refinanced, the outstanding balance of the loan will be due and payable to the City of Boynton Beach. Income eligible heir must execute Mortgage and Promissory Note. The Mortgage will be recorded in the public records of Palm Beach County. In the event where failure of payment to the superior mortgage lien holder which leads foreclosure and/or loss of property,the City may foreclose and take legal actions to recover the secured mortgage funds. f. Recipient Selection Criteria: Applicant(s)will be selected on a first-qualified,first-served basis with priorities give to income groups described in Section I (I)of this plan. g. Sponsor/Developer Selection Criteria: Not Applicable h. Additional Information: This program will address repairs for single family,owner-occupied detached houses. Applicant(s)may not own any other residence;and must own,occupy,and homestead the home being rehabilitated for the duration of the deferredpayment loan. All property taxes and mortgage payments must be current. Eligible property must be located within the City limit of Boynton Beach. Applicant(s) may submit a completed SHIP application to the City of Boynton Beach for determination of eligibility at any time. The household assisted must be income qualified. Annual income will be determined as defined in 24 CFR 5.609. Applicant(s)are required to provide all documentation requested for income, eligibility,and qualification determination. SHIP staff will obtain third party verification of income,employment,and assets. Ineligible applicant(s)will be notified in writing for reason of ineligibility and that they may reapply for SHIP assistance six(6) months from the date of the letter. Applicant(s)are required to provide all documentation requested for income, eligibility,and qualification determination. If the applicant has funds that exceed - 15 - City of Boynton Beach 2018-2021 L,HAP Floridousing the$15,000 maximum and is income certified, he/she must commit one third(1/3) of his/her excess funds over the maximum allowable to be used in addition to the amount of assistance provided. The exception to this would be the applicant(s) that has funds in a retirement fund that can only be accessed by termination. Applicant(s)are required to have property insurance. Eligible repairs may include, but are not limited to cost of labor and materials for: i. Installation and/or repairs of sanitary water and waste, disposal systems, together with related plumbing and fixtures, which meet local health department requirements ii. Energy conservation measures such as installation of energy efficiency door and windows iii. Repair or replacement of heating and/or cooling systems with high energy efficient 16 SEER or higher iv. Electrical upgrading v. Repair or provision for structural support and foundation vi. Replacement of seriously deteriorated siding, porches,or stoops vii. Alteration of the unit's interior or exterior to provide greater accessibility for any family member that may be physically impaired or have mobility problems viii. Repair or replacement of roofing system ix. Replacement housing to provide GAP financing to the following households of extremely low, very low, and low incomes; with priority given to the elderly (62+), and/or medically/physically impaired homeowners in these income categories, residing in homes deemed not viable for rehabilitation. Demolition of existing property, construction cost of replacement home on the same lot or new location selected by the City of Boynton Beach, and/or the purchase of an existing home. Energy efficiency and green housing related repairs shall be encouraged. Repairs shall also be guided by the minimum building code which is the 2014 Florida Building Code Residential. Subordination of the SHIP program loan will not be approved fora purpose other than refinance debt that was secured by the subject property prior to or of the same date of the SHIP program loan. The City of Boynton Beach will only allow One subordination approval during the term of the SHIP program loan. The City of Boynton Beach reserves the right to deny any subordination request it deems not in its'or the homeowners best interest. The authority to approve subordinate requests or exceptions to the Subordination Policy will rest the City Manager or his/her designee. -16- City of Boynton Beach 2018-2021 LHAP b Wydl.u.tl.' Florida Housing Li. Disosfei r eLiuiCIVJIttp zior^ f:r�,tin !,s a. Summary of Strategy: Disaster Repair: In the event of a disaster declared by Executive Order,SHIP funds that have not been encumbered will be used to leverage available federal and state funds to provide assistance to income eligible households for the purpose of repairing eligible housing, providing assistance with insurance deductibles, and obtaining short term temporary housing. Mobile homes and rental units are not eligible for repair assistance in this strategy; however the residents of these units may be eligible for assistance for short-term temporary housing. Disaster Mitigation: This program is designed to assist homeowners secure and protect their property against hurricane force winds. The funds will assist the homeowner with the purchase of hurricane shutters and impact rated doors. Accordion shutters will be installed on the property. ' b. Fiscal Years Covered 2018-2019, 2019-2020, 2020-2021 c. Income Categories to be served: Extremely Low Income Very Low and Low Income Moderate-Income d. Maximum award: $10,000.00 e. Terms: 1. Repayment loan/deferred loan/grant: Disaster Repair: The SHIP funds are provided in the form of a grant, not requiring households to repay funds used for disaster relief. In the event the City Of Boynton Beach Receives reimbursement from federal or state sources,such repaid funds will be utilized in accordance with the approved Housing Assistance Plan in effect at the time funds are disbursed. Disaster Mitigation: There are no monthly payments associated with this loan. The 0% interest deferred loan will be forgiven proportionally each year over a ten (10)year period,at the conclusion of which the debt will be satisfied. If at any time during the ten year period the property is sold, refinanced, rented or ceases to be owner-occupied, which does not constitute default, the loan recipient shall pay to the City the remaining - 17 City of Boynton Beach 2018-2021 L11AP Florida ousing balance of the loan. Recipients must execute a Promissory Note and Mortgage. The Mortgage will be recorded in the public records of Palm Beach County. 2. Interest Rate: 0% 3. Years in loan term: Ten (10)years 4. Forgiveness: The loan will be forgiven proportionally each year over a ten(10)year period, at the conclusion of which the debt will be satisfied. 5. Repayment: No payment as long as the loan is good standing and no default occurs. 6. Default: If at any time during the ten year period the property is sold, refinanced, rented or ceases to be owner-occupied(including Reverse Mortgages). Recipient Selection Criteria: Applicant(s)will be selected on a first-qualified,first-served basis with priorities give to income groups described in Section I (I)of this plan. g. Sponsor/Developer Selection Criteria: Not Applicable h. Additional Information: Applicant(s) may not own any other residence;and must own,occupy,and homestead the home being rehabilitated for the duration of the deferred payment loan. Eligible property must be located within the City limit of Boynton Beach. Applicant(s) may submit a completed SHIP application to the City of Boynton Beach for determination of eligibility at any time. - 18- City of Boynton Beach 2018-2021 LHAP Horid ousing III. LHAP Incentive Strategies In addition to the required Incentive Strategy A and Strategy B, include all adopted incentives with the policies and procedures used for implementation as provided in Section 420.9076, F.S.: A. Name of the Strategy: Expedited Permitting Permits as defined in s. 163.3177(6)(f)(3)for affordable housing projects are expedited to a greater degree than other projects. Provide a description of the procedures used to implement this strategy: The Department of Development has been responsible for processing and facilitating affordable housing projects. The Community Improvement and Plan Review staff will oversee the projects certified as"affordable"through the review process in an effort to make sure that they are processed with three to five (3-5) days.This division will be the developer's point of contact for all questions concerning the review process. The Plan Review Administrator will be responsible for expediting the building permitting process for affordable housing projects. He has designated individuals who have successfully guided and given these projects top priority.Staff will continue to obtain training in affordable housing development. B. Name of the Strategy: Ongoing Review Process An ongoing process for review of local policies,ordinances,regulations and plan provisions that increase the cost of housing prior to their adoption. Provide a description of the procedures used to implement this strategy: The Department of Development's various divisions,particularly the Community Improvement Division,will review all policies, procedures, ordinances, regulations, and plan provisions to determine what effects if any they may have on the cost of producing affordable units prior to their passage. The City Manager will disperse all information concerning ordinances in sufficient time needed to evaluate and comment on any impact it may have on affordable housing. The Community Improvement Division maintains maps of the current inventory of all vacant land including those properties owned by the City of Boynton Beach and Palm Beach County within the target area. The City funds land acquisition in an effort to acquire land for potential pre-qualified homebuyers.This effort has resulted in considerable cost saving in the production of affordable units. • - 19- City of Boynton Beach 2018-2021 LHAP Florid�ousing 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. Program Information Sheet -20- Exhibit "A" ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR City of Boynton Beach Fiscal Year 2018/2019 Estimated Allocation for Calculating $ 98,691.00 Salaries and Benefits $ 9,100.00 Office Supplies and Equipment $ 169.00 Travel Perdiem Workshops, etc $ 300.00 Advertising $ 300.00 Other $ _ TOTAL $ 9,869.00 10% Fiscal Year 2019/2020 Estimated Allocation for Calculating $ 98,691.00 Salaries and Benefits $ 9,100.00 Office Supplies and Equipment $ 169.00 Travel Perdiem Workshops, etc $ 300.00 Advertising $ 300.00 Other $ _ TOTAL $ 9,869.00 10% Fiscal Year 2020/2021 Estimated Allocation for Calculating $ 98,691.00 Salaries and Benefits $ 9,100.00 Office Supplies and Equipment $ - 169.00 Travel Perdiem Workshops, etc $ 300.00 Advertising $ 300.00 Other $ _ TOTAL $ 9,869.00 10% July 1,2018 Exhibit B Timeline for SHIP Expenditures City of Boynton Beach affirms that funds allocated for these fiscal years will meet the following deadlines: Fiscal Year Encumbered Expended 1rt Year AR 2"d Year AR Closeout AR 2018-2019 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.Not Funds Not 1n Year AR 2"d Year AR Closeout AR Encumbered Expended Not Not Not Submitted Submitted Submitted 2018-2019 3/30/2020 3/30/2021 6/15/2019 6/15/2020 6/15/2021 2019-2020 3/30/2021 3/30/2022 6/15/2020 6/15/2021 6/15/2022 2020-2021 3/30/2022 3/30/2023 6/15/2021 6/15/2022 6/15/2023 Requests for Expenditure Extensions(close-out year ONLY)must be received by FHFC by June 15 of the year in which funds are required to be expended.The extension request shall be emalled to robert.dearduff@floridahousing.org and terry.auringer@floridahousing.org and include: 1. A statement that"(city/county)requests an extension to the expenditure deadline for fiscal year 2. The amount of funds that is not expended. 3. The amount of funds than is not encumbered or has been recaptured. 4. A detailed plan of how/when the money will be expended. Note:an extension tothe 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 terrv.auringer@ floridahousinq.orq when you are ready to"submit"the AR. Other Key Deadlines: AHAC reports are due for each local government the same year as the local government's LHAP being submitted. Local governments receiving the minimum or less allocation are not required to report. ,�.. fr m. .Im _-I-,_ r,=, EXHIBIT C.2D18 ___ _. FLORIDA HOUSING FINANCE CORPORATION Please check k applicable box HOUSING DELIVERY GOALS CHART New Plan: X I 2018-2019 Amendment: I I Fiscal Yr.Closeout: Name of Local Government: !City of Bo nton Beach j Y Allocation: $98,691.00 A B C D E F Strategy# HOME OWNERSHIP Without _. VLI Max.SHIP LI Max.SHIP MI Max.SHIP New Construction RehablRepafr Total Total Total Construction From Plan STRATEGIES(strategy title Text Code must be same as the title used Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units In plan text. i A 1 Purchse Assistance with 0 $75,000 0 $75,000 0 $20,000 $0.00 Rehabiltation 0.00% 0 B 2 Purchse Assistance Without 0 $60,000 0 $60,000 0 $10,000 ::i_• •i $0.00 0.00% 0 EC 3 Owner Occupied Rehabilitation 1 $50,000 1 $50,000 0 $20,000 $88,822.00 $88,822.00 90.00% 2 D 5 Disacter Repair/Mitigation 0 $10,000 0 $10,000 1 $10,000 $0.00 0.00% $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 , Subtotal 1 (Home Ownership) 1 1 1 $0.00 $88,822.00 $0.00 $88,822.00 90.00% 2 • i RENTAL VLI Max.SHIP LI Max.SHIP MI Max.SHIP New Construction Rehab/Repair ,•'i Total Total Total STRATEGIES Units Award Units Award Units Award SHIP Dollars. SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units ,, NA $0.00 0.00% - 0 $0.00 0.00% 0 $0.00 0.00% 0 's $0.00 0.00% 0 $0.00 0.00% $0.00 $0.00 Subtotal 2(Non-Home Ownershl 0 0 0 $0.00 $0.000.00% 0 Administration Fees $9,869.00 10.00% Admin.From Program Income 0.00% Home Ownership Counseling 0.00% I GRAND TOTAL Add Subtotals 1&2 •ius all Ade 1 1 1 $0.00 $88 822.00 $0.00 '.98 691.00 100.00% - - 2 Percentage Construction/ReCalculate ConstrJRehab Percent.by adding Grand Total Columns A&B,then divide by Annual Allocation Amt. 90% Maximum Allowable - Purchase Price: New 'Existing Allocation Breakdown Amount % Projected Program Income: Max Amount Program Income For Admi $0.00 Very-Low Income $50,000.00 50.7% Pro ectad Recaptured Funds: , Low Income $38,822.00 39.3% Distribution: $98,691.00 Moderate Income $0.00 0.0% Total Available Funds: $98,691.00 _ ,:<— TOTAL 90.0% F j EXHIBIT C 2019 FLORIDA HOUSING FINANCE CORPORATION Please check applicable box HOUSING DELIVERY GOALS CHART New Plan: X 2019-2020 'Amendment: 1 m I _ Fiscal Yr.Closeout: Name of Local Government: !City Of Boynton Beach Estimated Funds: $98,691.00 _ ® C r F HOME OWNERSHIP VLI Max.SHIP LI Misoill.1.101MIE Max.SHIP New Construction Rehab/Repalr - '. ' . Total Total Total STRATEGIES(strategy tide Code must be same as the title used Units Award Units Award ' Units 2019 SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units in plan text. - 1 Purchse Assistance with — -- -- - -- - --- Rehabiltatlon $75,000 O r r e r :' 0 0.000 Purchse Assistance Without I ,2 Rehablit- I. 0 $60,000 0 $60,000 0 $10,000 r 0.00% 0 ;3 Owner Occupied Rehabilitation 1 1 $50,000 1 $50,000 I 0 $20,000 $88,822.00 , $88,822,00 90.00% 2 5 Disaster Repair/Mitigation 0 $10,000 0 $10,000 ( 0 $10,000 1 $0.00 pr., 0 I I $0.00 0.00% 0 :. I 00 •0.W. .0:•. i $0.00 .!'I' 4 0- 1=11111111111MMH $0.00 0.00% 0 Subtotal 1(Home Ownership) 1 $0.00 ' $88,822.00 $0.00 $88,822.00 90.00% 2 - RENTAL VLI Max.SHIPU Ma)1.111.MAIIIM Max SHIP New Construction Rehab/Repair Total Total STRATEGIES Units Award Units Award I Units °• r• SHIP Dollars r• ; Units NA rr� 000 I1111111101213 0000 Subtotal 2(Non-Home Ownershli - - - $0 00. •r .r ,_ 0.00% - -- - --- ;, • r 10.00% 0 0 0 r �r � �� 0 ; Administratlon Fees Admin From Program Income ® 0.00% Home Ownership Counseling 0.00% --IGRAND TOTAL Add Subtotals 1.&2- •1us all Ad 1 $0.00 $88 822.00 $0.00 IMIPEROBI 100.00% 2 ' Percentage ConstructionlRe Calculate Constr.Rehab'Percent.by adding Grand Total Columns A&B,then divide by Annual Allocation Amt. • . Maximum Allowable ! Purchase Price: New:. ' Existing Allocation Breakdown Amount Projected Program Income: —Max Amount Program Income For Admi $0.00 Very-Low Income. $50,000.000Projected Recaptured Funds: Low Income $38,822.00 .=Distribution: $98,691.00 Moderate Income ® $0.00 0.0%'_Total Available Funds: $98,691.00 TOTAL 90.0% 1 I Ii l.- M_ A - xm 1 f EXHIBIT C 2020 FLORIDA HOUSING FINANCE CORPORATION Please check a.•Ilcable box • HOUSING DELIVERY GOALS CHART New Plan: X 2020-2021 Amendment: Fiscal Yr.Closeout: 2021f Name of Local Government: iCITY OF BOYNTON'BEACH Estimated Funds: $98,691.00 A B C D E F HOME OWNERSHIP VLI Max.SHIP LI Max.SHIP MI Max.SHIP New Construction Rehab/Rep air •', •TRATEGI S(strategy tit e must Total Total Total Code be same as the title used in plan Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units •A urc -e • istance wi 0 $75,000 0 $75,000 0 $20,000 $0.00 0.00% 0 B Purchse Assistance Without 0 $60000 .:1- 1 . 1 , 0 $60,000 0 $10,000 $0.00 0.00% 0e IC Owner Occupied Rehabilitation 1 $50,000 1 $50,000 ; 0 $20,000 $88,822.00 $88,822.00 90.00%. 2 i jD Disacter Repair/Mitigation 0 $10,000. 0 $10,000 0 $10,000 $0.00 0.00% 0 ` $0.00 0.00% 0 $0.00 0.00% 0 i $0.00 0.00% 0 i $0.00 0.00% 0 Subtotals(Home Ownership) 1 1 0 $0.00 $88,822.00 $0.00 $88,822.00 90.00% 2 ' RENTAL VLI Max.SHIP LI Max.SHIP MI Max.SHIP New Construction Rehab/Repair •' Total STRATEGIES Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 Subtotal 2(Non-Home Ownership) .0 0 0 $0.00 $0.00 . $0.00 $0.00 0.00% " 0 Administration.Fees $9,869.00 10.00% Admin.From Program Income 0.00%, Home Ownership Counseling 0.00% aimmenomiai GRAND TOTAL Add Subtotals 1&2 •lus all Adm 1 1 0 $0.00 .88 822.00 $0.00 $98 691.00 100.00% 2 Percentage ConstructlonlReh. Calculate Constr./Rehab Percent.by adding Grand Total Columns A&B,then divide by Annual Allocation Amt. 90% Maximum Allowable Purchase Price:. New Existing Allocation Breakdown Amount % Projected Program Income: Max Amount Program Income For Admi $0.00 Very-Low Income $50,000.00 50.7% Pro acted Recaptured Funds: Low Income $38,822,00 39.3%• Distribution: $98,691.00 ( Moderate Income 0.0% Total Available Funds.: $98,691.00 TOTAL 90.0% _ • Exhibit D 67-37.005(1),F.A.C. JULY 1,2018 CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Local Government or Interlocal Entity: City of Boynton Beach Certifies that: (1) The availability of SHIP funds will be advertised pursuant to program requirements in 420.907- 420.9079,Florida Statutes. (2) All SHIP funds will be expended in a manner which will insure that there will be no discrimination on the basis of race, color,national origin, sex,handicap, familial status, or religion. (3) A process to determine eligibility and for selection of recipients for funds has been developed. (4) Recipients of funds will be required to contractually commit to program guidelines and loan terms. (5) Florida Housing will be notified promptly if the local government/interlocal entity will be unable to comply with any provision of the local housing assistance plan(LHAP). (6) The LHAP provides a plan for the encumbrance of funds within twelve months of the end of the State fiscal year in which they are received and a plan for the expenditure of SHIP funds including allocation, program income and recaptured funds within 24 months following the end of the State fiscal year in which they are received. (7) The LHAP conforms to the Local Government Comprehensive Plan,or that an amendment to the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the LHAP. (8) Amendments to the approved LHAP shall be provided to the Florida Housing for review and/or approval within 21 days after adoption. (9) The trust fund exists with a qualified depository for all SHIP funds as well as program income or recaptured funds. (10) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. (11) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements(CAFR).An electronic copy of the CAFR or a hyperlink to the document shall be provided to Florida Housing by June 30 of the applicable year. 1 Exhibit D 67-37.005(1),F.A.C. JULY 1,2018 (12) Evidence of compliance with the Florida Single Audit Act, as referenced in Section 215.97,F.S. shall be provided to Florida Housing by June 30 of the applicable year. (13) SHIP funds will not be pledged for debt service on bonds. (14) Developers receiving assistance from both SHIP and the Low Income Housing Tax Credit (LIHTC) Program shall comply with the income, affordability and other LIHTC requirements, similarly, any units receiving assistance from other federal programs shall comply with all Federal and SHIP program requirements. (15) Loans shall be provided for periods not exceeding 30 years, except for deferred payment loans or loans that extend beyond 30 years which continue to serve eligible persons. (16) Rental Units constructed or rehabilitated with SHIP funds shall be monitored for compliance with tenant income requirements and affordability requirements or as required in Section 420.9075 (3)(e). To the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. (17) The LHAP meets the requirements of Section 420.907-9079 FS, and Rule Chapter 67-37 FAC. (18) The provisions of Chapter 83-220,Laws of Florida have not been implemented(except for Miami-Dade County). Witness Chief Elected Official or designee Witness Type Name and Title Date OR Attest: (Seal) 2 1 Exhibit E 67-37.005(1),F.A.C. [eff. date] RESOLUTION#: A RESOLUTION OF THE COMMISSION OF THE (Local Government)FLORIDA APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT,SUBSECTIONS 420.907-420.9079, FLORIDA STATUTES;AND RULE CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING 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- 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,ss.420.907-420.9079,Florida Statutes (1992),and Rule Chapter 67-37,Florida Administrative Code, requires 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,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;The methodology and purchase prices used are defined in the attached Local Housing Assistance Plan;and WHEREAS,as required by section 420.9075,F.S. It is found that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5%of program income deposited into the trust fund,except that small counties,as defined in s. 120.52(17), and eligible municipalities receiving a local housing distribution of Exhibit E 67-37.005(1),F.A.C. [eff. date] up to$350,000 may use up to 10 percent of program income for administrative costs. WHEREAS,the Economic and Community Development Department has prepared a three-year 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 (local government)to submit the Local Housing Assistance Plan for review and approval so as to qualify for said documentary stamp tax funds;and NOW THEREFORE,BE FF RESOLVED BY THE OF THE , FLORIDA that: Section 1: The (commission or council)of the (local government) hereby approves the Local Housing Assistance Plan, as attached and incorporated hereto for submission to the Florida Housing Finance Corporation as required by ss.420.907-420-9079,Florida Statutes,for fiscal years Section 2: The (Chairman or Mayor or designee), 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 3: This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED THIS DAY OF , Chairman or Mayor or designee (SEAL) ATTEST: City or County Clerk Exhibit"F" STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM INFORMATION SHEET LOCAL GOVRNMENT: City of Boynton Beach CHIEF ELECTED OFFICIAL: Steven B. Grant, Mayor ADDRESS: 100 East Boynton Beach Blvd., Boynton Beach, Florida 33435 SHIP ADMINISTRATOR: Octavia S.Sherrod, Community Improvement Manager ADDRESS: 100 East Boynton Beach Blvd., Boynton Beach, Florida 33435 TELEPHONE: 561-742-6066 FAX: 561-742-6089 EMAIL ADDRESS: sherrod@bbfl.us ALTERNATE SHIP CONTACT: S. Lashea Brooks, Community Improvement Specialist TELEPHONE: 561-742-6066 FAX: 561-742-6089 EMAIL ADDRESS: brooksl@bbfl.us LOCAL GOVERNMENT EMPLOYER FEDERAL IDENTIFICATION MUMBER: 59-6000282