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R03-068*CORRECTWE RESOLUTION RESOLUTION R03- 0(o 8 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, ADOPTING THE STATE HOUSING INITIATWES PARTNERSHIP (SHIP) PROGRAM LOCAL HOUSING ASSISTANCE PLAN, FOR STATE FISCAL YEARS 2003-04, 2004-05 AND 2005-06; PROVIDING AN EFFECTIVE DATE. WHEREAS, in accordance with Florida Statutes Chapter 240, dedicated revenues resulting from the William E. Sadowski Affordable Housing Act are distributed to various municipalities that are "entitled" communities to assist with affordable housing efforts; and WHEREAS, The Plan (attached hereto and made a part hereof) was initially established in 1997 with input from citizens directly involved in the housing industry, and is consistent with the housing element of the City's Comprehensive Plan; and WHEREAS, the City finds pursuant to Chapter 420.3075(6), Florida Statutes, that 5% of the Local Housing Distribution is insufficient to adequately pay the necessary costs of administering the Local Housing Assistance Plan, and intends to utilize the maximum allowable distribution of 10%; and WHEREAS, upon the recommendation of staff, the City Commission deems it to be in the best interests of the citizens and residents of the City of Boynton Beach to adopt the City's Local Housing Assistance Plan (LHAP) for State Fiscal Years; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT: Section 1. The foregoing "Whereas" clauses are true and correct and are hereby ratified and confirmed by the City Commission. S:\CA\RESO\SHIP Housing Plan 0304-0506.doc Section 2. The City Commission of the City of Boynton Beach, Florida, ~ereby adopts the City's Local Housing Assistance Plan (LHAP) for State Fiscal Years ~3/04 - 05/06, subject to receipt of funding. Section 3. This Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this I~' day of April, 2003. Commissioner [ [,~rP~s~t scrivener' s error S:\CA\RESO\SHIP Housing Plan 0304-0506.doc CZTY OF BOYNTON BEACH STATE HOUSING TNZTIATIVES PARTNERSHIP (SHIP) PROGRAM LOCAL HOUSZNG ASSZSTANCE PLAN For State Fiscal Years 2003-2004, 2004-2005, and 2005-2006 City of Boynton Beach State Housing Tnitiative Partnership (SHIP) Program Local Housing Assistance Plan State Fiscal Years 2003/04- 2005/06 I. PROGRAM DESCRIPTION The City of Boynton Beach's Local Housing Assistance Plan began with the adoption of Ordinance No. 97-11 on May 6, 1997. This program was designed to promote and implement the goals of the State Housing Initiatives Partnership (SHIP) Program and the City's Comprehensive Plan by producing and preserving affordable housing. It is used citywide to increase affordable housing for very- Iow income, Iow-income, and moderate-income households within the City. The program helps implement the goals of the City's Community Development Block Grant (CDBG) Consolidated Plan. This will be achieved pursuant to the SHIP program through production, acquisition, and rehabilitation of affordable housing using funds as provided by the SHIP Act, and will be expended in the following manner: Eighty seven percent (87%) of the funds will be used by the City to implement the program in the following manner. Purchase Assistance The City of Boynton Beach will provide GAP financing in the form of no interest, deferred loans to eligible, qualified households for down payment assistance, closing costs, and mortgage interest reduction, for the purchase of a new or existing home, which may or may not need additional rehabilitation repairs. This strategy supports the City's Comprehensive Plan Housing Element objective of providing increased housing opportunities for very Iow, Iow, and moderate-income persons, as well as the Consolidated Plan objective of assisting cost-burden to purchase homes. Funds are also loaned for rehabilitation repairs of owner-occupied homes. The deferred payment loan is forgivable ten percent (10%) a year for ten (10) years. In the event the property is transferred, sold, or refinanced, or ceases to be owner occupied within the 10 year period, the pro-rated amount of the loan will become due and payable. This strategy will serve very-low, Iow, and moderate-income households. Rehabilitation/Emergency Repair - Eligible persons who own and occupy substandard housing units may be awarded funds to renovate such units as eligible housing. This strategy furthers the City's Comprehensive Plan Housing Element objective of maintenance of the existing housing stock. Disaster IVlitigation/Recovery - SHIP funds will be used to provide emergency repairs to income eligible households in the aftermath of a natural disaster to address emergency housing repair needs. The City of Boynton Beach has targeted the older more depressed area east of ]Interstate 95, west of the FEC railroad as the area for redevelopment where SHIP funds will be used. Eligible applicants may be able to use these funds anywhere within the city limits. Mobile homes and rental properties are not eligible for assistance. However, condominiums and townhouses have been identified as those housing units more affordable to applicants with special needs, as well as single parents. Therefore, these units will be allowed. The Plan covers a three (3) year period covering fiscal years, 2003-2004, 2004-2005, 2005-2006 The Three Year Housing Assistance Plan was developed from information and suggestions solicited from local lenders, developers, realtors, and non-profit developers of affordable housing and support services. The following organizations were major contributors to the strategy; The Community Financing Consortium, Inc., The Center for Technology, Enterprise and Development, Inc. (TED Center), the Local Initiatives Support Corporation (LISC), and a collaborative of various local lenders as well as developers. The Plan was refined and developed with the input received on administration, partnerships, funding limits, program strategies, and homeowner training. Support Services: The Local Partnership has a variety of organizations that provide services to SHIP applicants. Boynton Beach Faith Based CDC, a non-profit organization formed by LISC and a sub recipient of the city of Boynton Beach's CDBG funds has began to take an aggressive roll in this endeavor. This organization acts as a Liaison between the City and its applicants, preparing them for home ownership with the counseling and hand holding that is required by the applicants. The Boynton Beach Life Care Center, another non-profit organization that provides self-sufficiency programs, which encourages among other things, education, training, and home ownership as one of it's priorities. The City of Boynton currently provides rent free housing in a City owned building for the local Head Start Program, which accommodates childcare for Iow- income residents in the target area. A maximum of three percent (3%) of the SHIP allocation will be available II. III. during all three fiscal years for providing home ownership training and counseling for first time homebuyers as well as owners of homes assisted through the Local Housing Assistance Program. This will be a continuance of the partnerships with local lenders, Consumer Credit Counseling Service of Palm Beach County and any other provider of this service that is identified by the City at no charge to the applicants. These funds will help defray the cost associated with this service. The importance of post- purchase training in the areas of budgeting and maintenance is expected to be on going. We do anticipate paying an agency for this service. The City has formed a very strong partnership with Consumer Credit Counseling Service (CCCS) of Palm Beach County. We have provided funding, as well as classroom space to CCCS for first time homebuyer education classes. The City has also encouraged its lending partners to co- fund these classes as well. The City has sought and encouraged the participation of local realtors to provide services as agents for its applicants in the purchasing process. INTERLOCAL AGREEMENT There is no interlocal agreement applicable. LOCAL HOUSING PARTNERSHIPS The City of Boynton Beach currently enjoys a successful Partnership with local lenders, developers, Community based organizations and non-profits in the pursuit of affordable housing opportunities. Efforts to expand this arena have included the invitation to real estate brokers as well. Staff has met on several occasions to solicit input from these organizations to broaden opportunities for decent affordable housing. The Partnership will continue to meet on a regular basis to evaluate the overall effectiveness of the housing program to make suggestions for improvement as needed. The City of Boynton Beach currently has a partnership with a Collaborative of local lenders whereby it has allocated a portion of Community Development Block Grant funds to leverage loans from lenders to provide housing rehabilitation. This leveraging of funds help provide the foundation of increasing the supply of affordable housing for Boynton Beach's residents. This strategy also supplies home ownership opportunities for very-low, Iow, and moderate-income households. These dollars help reduce the risk that may be involved to lenders and helps add to the equity needed to supply large dollars required to bring substandard houses up to code. Homebuyer training is also available through local lenders. The Local Initiatives Support Corporation, the Community Financing Consortium, the Palm Beach County Affordable Housing Collaborative, Consumer Credit Counseling Services, and Homes 4 U.Com, a newly organized non-profit, have formed a partnership to provide homebuyer counseling in the form of a "training institute". This collaborative effort will provide counseling to potential homebuyers to inform them of their duties and responsibilities as homeowners and create a form of micro lending with the use of CDBG funds for small industries for potential Iow income homebuyers with skills that they can perform at home. Ad valorem tax dollars are currently used to provide landscape grants, pay permit fees that cannot be waived, rehabilitate substandard units, and acquire land for new construction. SHiP funds will free up those ad valorem dollars that are currently being used for rehabilitation to enable the City to use more ad valorem dollars for land acquisition. The recent entitlement status CDBG dollars that will be provided will be used for a broader range of capital improvements and economic development to further enhance the housing stock of the City, as well as provide further economic stability of the community. IV. STRATEGIES Purchase Assistance Loan Program Fiscal Years 2003-2004, 2004-2005, and 2005-2006 Activities: Assist very-low, Iow and moderate homebuyers with the purchase of a home. This loan will provide "GAP" financing in the form of a zero interest (0%) deferred loan for first mortgage assistance to insure affordable monthly payments. Homes needing repairs must meet the guidelines in the definition referenced in Title 67, Florida Administrative Code, and Chapter 553,F.S. "Building Construction Standards." Eligible costs under this strategy include down payment and closing costs on first mortgage and repairs needed to make the unit habitable. Eligible properties include newly constructed homes (built within 12 months of closing), or existing homes, which may or may not need rehabilitation. Rehabilitation is defined as the repairs or improvements needed for safe and sanitary habitation, correction of substantial code violations or the creation of living space because of overcrowding. Fiscal Years: The strategy will be utilized during all three State fiscal years covered by this plan, 2003 through 2006 Income Categories: Household income must not exceed 120% of the median income figure, adjusted for family size, provided by the State. The maximum amount of SHIP funds awarded for this strategy depends on the family's income as follows: Income Category Maximum Award *Very Low $25,000 *Low $20,000 Moderate $10,000 * An additional $10,000 may be available above purchase assistance for necessary code relatedrepairs if necessary The maximum ceiling includes the aggregate of SHIP awards of rehabilitation and purchase assistance, which may be used in combination to provide an eligible housing unit for purchase by an eligible household. Each applicant will be responsible for a minimum of $1,500.00 towards down payment/closing costs, and/or processing of their mortgage loan. Applicants' income must be verified in order to certify as being eligible. Recapture Provisions: The program will provide an interest free deferred payment loan covering the full amount of assistance to qualified, eligible homebuyers. The deferred payment loan is forgivable at ten percent (10%) annually for 10 years, providing the home remains owner occupied and honors all requirements of the deferred payment loan and the second (subsequent) mortgage is placed on the home. If the home is sold, transferred or refinanced prior to the 10 year period, the deferred payment loan is recaptured at time of closing at a pro-rated sum and returned to the City of Boynton Beach SHIP Program. In case of death of the homeowner, the deferred payment loan would continue as long as the new owner is income eligible under the SHIP guidelines, and resides in the dwelling. If the new owner were not eligible, then the remaining pro- rated sum of the loan would be due and payable. Selection Criteria: Applicants must be income eligible with incomes between zero and 120% of the median income as provided by the State and adjusted to family size. They must be first time homebuyers and purchasing within incorporated Boynton Beach, and may not currently have assets exceeding $15,000 (gifts included in the asset calculation). ]~f the applicant has funds that exceed the $15,000.00 maximum and is income certified, he/she must match the amount of the assistance. The exception to this would be if the applicant has funds in a retirement fund that can only be accessed by termination. The LTV's must be adhered to. The applicants will be selected on a first-come, first-serve basis, and must be certified as very-low, Iow, or moderate income as a result of third party verifications. The potential homebuyer must be credit worthy and have sufficient income required to obtain mortgage financing from a participating lender, and must attend a homebuyer education course offered by participating lenders and community based development organizations. The applicant must not own any other residence unless it is being replaced with the construction of a new home through the SHIP Program. Emergency Repair/Rehabilitation Deferred Loan Fiscal Years: 2003-2004, 2004-2005, and 2005-2006 Activities: 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 very-low, Iow, and moderate- income residents. Fiscal Years: The strategy will be utilized during all three State fiscal years covered by this plan: 2003 through 2006 Selection Criteria: This program is designed to assist very-low, Iow or moderate-income homeowners with needed repairs as defined by Chapter 91-37, Florida Administrative Code. Rehabilitation is defined as the repairs or improvements, which are needed for safe or sanitary habitation, correction of substantial code violations, or the creation of additional living space to correct overcrowding. Deferred Payment Loans are provided to eligible households for the repair of owner-occupied units. Repairs of an emergency nature are given priority. Mobile homes, condominiums, townhouses, and rental units are not eligible for assistance in this strategy. SHIP funds maybe matched with private funds, bank loans, credit union loans, and Community Development Block Grants (CDBG) funds. Applicants will be selected on a first-come, first-serve basis. The unit assisted must be owner occupied and located within the City of Boynton Beach. Applicants may not own another residence, and must own and occupy the home being rehabilitated for the duration of the deferred payment loan. All property taxes and/or assessments must be current. There may not be any judgments or liens against the property, and any first mortgage must be current. Mobile homes, condominiums, townhouses, and rental units are not eligible for assistance. 6 Recapture Provisions: An interest free deferred payment loan will be provided for qualified applicants. The deferred loan is forgivable at 10% annually for ten years. The City will place a mortgage on the unit in the amount of the assistance provided. ]:n the event the home is sold, transferred, or refinanced, the pro rated amount remaining on the loan will be due and payable. ]:n case of death of the homeowner, the deferred payment loan would continue as long as the new owner is income eligible under SH][P guidelines, and resides in the dwelling. ]:n the event the new owner is not eligible, then the remaining pro rated sum would be due and payable. Eligible repairs may include, but are not limited to cost of labor and materials for: :Installation and/or repairs of sanitary water and waste, disposal systems, together with related plumbing and fixtures, which will meet local health department requirements. Energy conservation measures such as installation of energy efficient doors and windows. Repair or replacement of heating and/or cooling systems with high energy efficient 12 SEER or higher. d. Electrical upgrading. e. Repair or provision for structural supports and foundation. f. Repair or replacement of the roof. g. Replacement of seriously deteriorated siding, porches, or stoops. Alterations of the unit's interior or exterior to provide greater accessibility for any family members that may be handicapped or have mobility problems. Additions to any dwelling when it is clearly necessary to alleviate overcrowding or to remove any health hazards to the occupants. Other repairs deemed necessary by the Construction Coordinator and SH:[P Administrator. 2. The Recipient Selection Process for Rehabilitation An applicant may submit a completed SHIP Application to the City of Boynton Beach for determination of eligibility at any time. Applicants are required to provide all documentation requested for income, eligibility, and qualification determination. Applications are processed on a first-come, first-serve basis by income category. A credit check may be provided by participating lenders for each applicant and title search of the applicant's property may be conducted depending on the circumstance. Applicants with excessive liens or back taxes will be denied assistance until such time liens are satisfied and back taxes are paid. If it is determined by the City of Boynton Beach's SHIP Administrator that the applicant qualifies for assistance, a home inspection and work write-up will be performed by the City's Construction Coordinator. The inspection report will specify what eligible repairs are necessary for the home. Funds will be encumbered for eligible applicants whose homes are determined to be repairable according to Program Guidelines and Building Construction Standards of the Standard Housing Code, Chapter 553, Florida Statutes. All SHIP funds will be expended in a manner that will insure that there will be no discrimination on the basis of race, creed, color, religion, age, sex, family status, handicap, or national origin, or on the basis of marital status. Persons selected for SHIP assistance will be required to contractually agree to all SHIP program guidelines, and certify that the unit assisted will be their only residence. A housing unit cannot be assisted more than once with SHIP funds. Applicants determined to be ineligible may reapply for SHIP assistance with The City of Boynton Beach after six (6) months from the date of the last application. Disaster Mitigation and Recovery Fiscal Years: 2003-2004, 2004-2005, and 2005-2006 Activity: In the event of a natural disaster, SHIP funds will be used to leverage available federal and state funds to provide assistance to income eligible households for the purpose of repairing eligible housing. Mobile homes, condominiums, townhouses, and rental units are not eligible for assistance in this strategy. The purchase of emergency supplies for eligible households to weatherproof damaged homes, interim repair to avoid further damage, tree and debris removal required to make individual housing unit habitable, and post disaster assistance with non-insured repairs. This strategy will be implemented only in the event of a natural declaration using any SHIP funds that have not been encumbered. The maximum award of SHIP funds for this strategy may not exceed $5,000 per unit. Fiscal Years: The strategy will be utilized during all three State fiscal years covered by this plan: 2003 through 2006 Income Categories: Eligible households must be below 120% of median, adjusted for family size, as provided by the State. Selection Criteria: Applicants must be income eligible as described above, and will be served on a first come, first served basis, pending fund availability. Residency must be located within the City of Boynton Beach incorporated area. Recapture Provisions: Assistance is provided in the form of a grant, not requiring households to repay funds used for disaster relief. In the event that 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. Mo TIME TABLE FOR EXPEND1TURF FY 2003-04 Submit Plan for Approval Advertise funds Availability Begin taking Applications Encumber Funds Expend. All Funds May 2, 2003 September 2003 October 2003 .]une 2005 .]une 2006 Submit Annual Reports Sept. 2003, 2004, and 2005 FY2004-2005 Advertise funds Availability September 2004 Begin taking Applications October 2004 Encumber Funds .lune 2006 Expend. All Funds .lune 2007 Submit Annual Reports Sept. 2003,2004,2005, and 2006 FY2005-2006 Advertise funds Availability September 2005 Begin taking Applications October 2005 Encumber Funds .lune 2007 Expend. All Funds .lune 2008 Submit Annual Reports Sept: 2003, 2004,2005, and 2006 V~[. AFFORDABILITY A. Homeownership The income limits as defined by the U. S. Department of Housing and Urban Development, and distributed annually by the Florida Housing Finance Corporation. *Subject to changes made annually by U.S. HUD. "Affordable means that monthly rents or monthly mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median adjusted gross annual income for households", l~t is not the intent to limit an individual's ability to devote more than 30 percent of his income for housing, if 30 percent of its income shall be deemed affordable. l~f the first mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30 percent benchmark. The maximum purchase price for a new home is $145,000 The maximum purchase price for an existing home is $130,000 l0 B. Rental - Not Applicable. VII. VIII. ADVERTISEMENT AND OUTREACH The City of Boynton Beach distributes flyers and brochures to any person or organization requesting information on the SHIP Program. Information will be available in the City of Boynton Beach Department of Development, displayed in the main lobby of City Hall, and in the lobbies of participating lending institutions. The City of Boynton Beach has been featured in the local newspapers with several articles concerning the pending implementation of the program. Availability of SHIP funds will be advertised at least 30 days prior to the beginning of an application period. For those strategies that allow applications to be submitted on a continuing basis, the availability of funds will be advertised annually. ADMINISTRATIVE EXPENSEg The Division of Community Redevelopment will be responsible for the day-to-day operations of the SHIP program. Administrative functions include; advertising availability of funds and community outreach, applicant intake and income certifications, work write-ups and inspections, coordination with first mortgage lenders and counseling services, reviewing and evaluating program effectiveness, and submittal of plan amendments and annual reports to the Florida Housing Finance Corporation. The maximum of ten percent (10%) of all the monies received as the local housing distribution of $502,278 for Fiscal Year 2003-2004 shall be used to cover salary and administrative expenses for the SHIP Program. Administrative expenses in excess of the maximum ten percent (10%) SHIP allocation will be supplemented by city general funds. The total administrative budget is estimated at $50,278 for FY 2003-2004, $50,278 $50,278 for FY 2004-2005, and $50,278. for FY 2005-2006. IX. ADMINISTRATIVE BUDGET Salary & Benefits $45,578.00 ll Advertising 1,000.00 Training 1,500.00 Travel 1,500.00 Office Supplies 700.00. Total $50,278.00 LOCAL HOUSING INCENTIVE STRATEGIE~ The following incentive strategies are extracted from the City of Boynton Beach's Affordable Incentive Plan adopted April 7, 1998. The Expedited process of permits for Affordable Housing Projects. 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. The modification of impact fee requirements including reduction of waiver of fees and other methods of fee payment for affordable housing. There is currently no provision for waiving impact fees. However, the City of Boynton Beach has in the past funded the Infill Construction Program from the general fund. These funds subsidized the cost of new construction for affordable units by paying permit and impact fees for new construction for very Iow and Iow- income families building new affordable home within the CDBG target area. Palm Beach County allows existing use credit for residential construction on vacant lots that had prior residential use. This credit applies to the residential and road impact fees, and can yield savings for up to two thousand dollars per home. Participating builders of affordable housing will be encouraged to apply for this credit and pass it on to the homebuyer. The City Manager will be petitioned to waive payment of development application, plan check and permit fees for all eligible projects certified affordable housing projects. ~) The allowance of increased density levels for affordable (Comprehensive Plan, Housing Element, Policy 6.1.3) housing. ]2 The housing element provides for review of zoning regulations for the purpose of allowing increased density to encourage in provision of affordable housing. The City's Planning and Zoning Department continues its effort to provide for an increase in residential density for the purpose of providing for affordable housing. This density bonus will be subject to compatibility with the surrounding natural and physical environment, site constraints, and concurrency management requirements. O The reservation of infrastructure capacity for housing for very-low income and Iow-income persons. A reservation mechanism is not necessary, as adequate capacity exists to serve any :[nfill project initiated within the CDBG target area. This assumption regarding roads, utilities and recreation is based on available acreage and density limits of the Future Land Use Map of the Comprehensive Plan. State concurrency laws require us to maintain adequate public facilities for everyone and build new facilities once we reach 90% capacity. The allowance of affordable accessory residential units in residential districts. Zoning regulations allow accessory buildings in districts as long as they conform to the minimum building site regulations that are generally applicable in the district where the building is to be located. The City of Boynton Beach will maintain its flexible existing practice in dealing with this issue on a case-by-case basis as needed. The reduction of parking and setback requirements for affordable housing. Current regulations require off street parking for two (2) vehicles. ~[n an effort to maintain the value of property, while at the same time not causing any adverse effect on affordable housing, there shall not be modifications to current regulations governing this issue. Setback requirements in the targeted area require a frontage of 25 feet. The city has in the past worked effectively with developers in an effort to design and produce units that have dealt with this effort without causing any adverse effect on affordable housing. The City will maintain this flexible practice with dealing with this issue on a case-by-case basis as needed. The allowance of zero lot-line configurations for affordable housing. 13 The City of Boynton Beach's current zoning does not permit zero lot-lines in districts that are not Planned Unit Developments, as it violates the City's set back requirements. However, with the existing minimum lot size requirements in the CDBG target area of 5,000 square feet, it is felt that this size lot is sufficient enough to accommodate desired development of affordable housing. The modification of street requirements for affordable housing. Due to concerns for safety and aesthetics, there will be no modifications to current regulations governing streets. In the older platted sections, waivers of sidewalk requirements have been granted for developers on a case-by-case basis. These variances are usually granted in areas that are generally consistent with the surrounding area. Consideration may be made in instances where costs involved will hinder producing affordable units. CDBG dollars will be expended on many streets within the target areas to install sidewalks and curbing. Efforts to avoid the variance process with certification of those areas consistent with no sidewalks by the developer will be ongoing. The liaison from the Department of Development will expedite this certification process for affordable housing projects. The establishment of a process, which the City of Boynton Beach considers, before the adoption of any new legislation that may increase the cost of housing. The Department of Development's various divisions, particularly the Division of Community Redevelopment, will review any and 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 preparation of printed inventory of locally owned public lands suitable for affordable housing. The Division of Community Redevelopment 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. 14 CERTTFI'CATZON TO FLOR]:DA HOUSI'NG FZNANCE CORPORAT1'ON Local Government: Palm Beach County, City of Boynton Beach l. The local government will advertise the availability of SHIP Funds pursuant to Statutes. Florida 2. All SHIP funds will be expended in a manner which will insure that there will be no discrimination on the basis of race, creed, religion, color, age, sex, familial or marital status, 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 for awards. 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 local government (or interlocal entity) will be unable to comply with the provisions of the plan. 7. The Local Housing Assistance Plan shall provide for the expenditure of SHIP funds within 24 months following the end of the State fiscal year in which they are received. 8. The plan 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 Local Housing Assistance Plan. 9. Amendments to the approved Local Housing Assistance Plan shall be provided to the Corporation within 21 days after adoption. lO.The trust fund shall be established with a qualified depository for all SHIP funds as well as 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 permitted by law. 12.The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements. Copies of the audits will be forwarded to the Corporation as soon as possible. 13.An interlocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year, and the audit forwarded to the Corporation as soon as possible. Certification Page 2 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 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. 16. 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 service eligible persons. 17. Rental units constructed or rehabilitated with SHIP funds shall be monitored at least annually for 15 years for compliance with tenant income requirements and affordability requirements. Wn'NESS CHIEF ELECTED TYPE NAME AND TITLE ~] ' APPROVE~ AS TO FORM: OR