Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Environmental Protection Division: Housing Finance & Comm. Redevelopment
Information
Requested Action
title
A. MOTION TO AUTHORIZE County Administrator to appropriate unrecognized revenue within the State Housing Initiatives Partnership Program (“SHIP Program”) Local Housing Assistance Trust Fund in the amount of $164,653 for Fiscal Year 2017-2018 for the purpose of recognizing the City of Coconut Creek (“City”) SHIP Program and City’s General Revenue Funds of $8,533 for a total of $173,186; and authorizing the County Administrator to take all necessary administrative and budgetary actions to appropriate said funds for implementation, and to execute agreements and amendments, subject to approval as to form by the Office of the County Attorney.
ACTION: (T-11:24 AM) Approved.
VOTE: 9-0.
B. MOTION TO AUTHORIZE County Administrator to appropriate unrecognized revenue within the State Housing Initiatives Partnership Program (“SHIP Program”) Local Housing Assistance Trust Fund to appropriate revenue in the amount of $110,493 for Fiscal Year 2018-2019 for the purpose of recognizing the City of Coconut Creek (“City”) SHIP Program and City’s General Revenue Funds of $6,713 for a total of $117,206; and authorizing the County Administrator to take all necessary administrative and budgetary actions to appropriate said funds for implementation, and to execute agreements and amendments, subject to approval as to form by the Office of the County Attorney.
ACTION: (T-11:24 AM) Approved.
VOTE: 9-0.
C. MOTION TO AUTHORIZE County Administrator to appropriate unrecognized revenue within the State Housing Initiatives Partnership Program (“SHIP Program”) Local Housing Assistance Trust Fund to appropriate revenue in the amount of $126,313 for Fiscal Year 2019-2020 for the purpose of recognizing the City of Coconut Creek (“City”) SHIP Program; and authorizing the County Administrator to take all necessary administrative and budgetary actions to appropriate said funds for implementation, and to execute agreements and amendments, subject to approval as to form by the Office of the County Attorney.
ACTION: (T-11:24 AM) Approved.
VOTE: 9-0.
D. MOTION TO AUTHORIZE County Administrator to appropriate unrecognized revenue within the State Housing Initiatives Partnership Program (“SHIP Program”) Local Housing Assistance Trust Fund to appropriate revenue in the amount of $29,086 for Fiscal Year 2020-2021 for the purpose of recognizing the City of Coconut Creek (“City”) SHIP Program; and authorizing the County Administrator to take all necessary administrative and budgetary actions to appropriate said funds for implementation, and to execute agreements and amendments, subject to approval as to form by the Office of the County Attorney.
ACTION: (T-11:24 AM) Approved.
VOTE: 9-0.
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Why Action is Necessary
MOTIONS A - D: Board action is required to authorize the County Administrator to appropriate unanticipated funds and to execute amendments to agreements for the administration and implementation of grants with other municipalities.
What Action Accomplishes
MOTIONS A - D: This action authorizes County Administrator to take administrative and budgetary actions to administer and implement the City of Coconut Creek SHIP Program Funds, and recognizes the City of Coconut Creek General Revenue Funds being used to supplement administrative fees to implement and administer the City’s SHIP Program.
Is this Action Goal Related
Yes
Previous Action Taken
None taken.
Summary Explanation/Background
THE ENVIRONMENTAL PROTECTION AND GROWTH MANAGEMENT DEPARTMENT AND THE HOUSING FINANCE AND COMMUNITY REDEVELOPMENT DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTIONS.
This item supports the Board's vision of "Offering sustainable, compatible, innovative housing options for all income-levels, including integrated, permanent supportive housing”: Goal 1: Facilitate a regional approach to growth and redevelopment through coordination and collaboration at the federal, state, county, and local levels; Goal 2: Increase the availability of affordable housing of all types, countywide, in every community using effective, uniform criteria, policies and strategies; Goal 3: Identify affordable workforce housing funding, to include a local, dedicated source of revenue; and Goal 4: Promote housing and community redevelopment that integrates energy efficiency, community resilience, and other livability standards and initiatives.
On September 10, 2020 (Item No. 22) the Broward County Board of County Commissioners (“Board”) adopted Resolution No. 2020-428, approving the County to enter into an Interlocal Agreement with the City of Coconut Creek (“City”) to implement and administer the City’s State Housing Initiatives Program (“SHIP Program”) funds for the following fiscal years 2017-2018, 2018-2019, 2019-2020, 2020-2021 and 2021-2022.
MOTION A: The City of Coconut Creek received an allocation of Two Hundred Forty-four Thousand Three Hundred Thirty Dollars ($244,330) for Fiscal Year 2017-2018 which has an unspent balance of Eighty-one Thousand Nine Hundred Ninety Dollars ($81,990). This unspent balance plus Program Income in the amount of Fifty-seven Thousand Seven Hundred Ninety-three Dollars ($57,793) plus a carry forward balance of Twenty-four Thousand Eight Hundred Seventy Dollars ($24,870) from the prior year totals One Hundred Sixty-four Thousand Six Hundred Fifty-three Dollars ($164,653) which is the amount being recognized. The City has agreed for the County to use these funds in the Purchase Assistance Strategy. The One Hundred Sixty-four Thousand Six Hundred Fifty-three Dollars ($164,653) will assist a maximum of four (4) qualified households with up to Fifty Thousand Dollars ($50,000) per household. Eleven Thousand Eighty-eight Dollars ($11,088) will be used for administration of the City’s Fiscal Year 2017-2018 SHIP Program. The City is contributing $8,533 from the City’s General Revenue Funds.
MOTION B: The City of Coconut Creek received an allocation of Seventy-five Thousand Two Hundred Twelve Dollars ($75,212) for Fiscal Year 2018-2019 which has an unspent balance of Sixty-four Thousand Nine Hundred Forty-four Dollars ($64,944). This unspent balance plus Program Income in the amount of Forty-five Thousand Five Hundred Forty-nine Dollars ($45,549) totals One Hundred Ten Thousand Four Hundred Ninety-three Dollars ($110,493) which is the amount being recognized. The City has agreed for the County to use these funds in the Purchase Assistance Strategy. The One Hundred Ten Thousand Four Hundred Ninety-three Dollars ($110,493) will assist a maximum of three (3) qualified households with up to Fifty Thousand Dollars ($50,000) per household. Eight Thousand Seven Hundred Seventy-two Dollars ($8,772) will be used for administration of the City’s program. The City is contributing $6,713 from the City’s General Revenue Funds.
MOTION C: The City of Coconut Creek received an allocation of Ninety-nine Thousand Two Hundred Twenty-six Dollars ($99,226) for Fiscal Year 2019-2020 which has an unspent balance of Sixty-four Thousand Five Hundred Thirty One Dollars ($64,531). This unspent balance plus SHIP Program Income in the amount of Sixty-one Thousand Seven Hundred Eighty-two Dollars ($61,782) totals One Hundred Twenty-six Thousand Three Hundred Thirteen Dollars ($126,313) which is the amount being recognized. The City has agreed for the County to use these funds in the Home Repair Strategy. The One Hundred Twenty-six Thousand Three Hundred Fourteen Dollars ($126,314) will assist a maximum of four (4) qualified households with up to Forty Thousand ($40,000) per household. $9,542 will be used for administration of the City’s program.
MOTION D: The City of Coconut Creek generated Twenty-nine thousand eighty-six Dollars ($29,086) in SHIP Program Income for Fiscal Year 2020-2021. The City has agreed for the County to use these funds in the Home Repair Strategy. The Twenty-Nine Thousand Eighty Six Dollars ($29,086) will assist a maximum of one (1) qualified household. SHIP Program Income is generated from interest earned on the principal balance in the SHIP Trust Fund, and SHIP Program-assisted recipients who pay off their deferred loan prior to the expiration of the loan terms. $1,454 will be used for administration of the City’s program.
Source of Additional Information
Ralph Stone, Director, Housing Finance and Community Development Division, 954-357-5320
Fiscal Impact
Fiscal Impact/Cost Summary
No fiscal impact. The County anticipates receiving funds from the City of Coconut Creek in the amount of $445,791 which will be deposited into and disbursed from the SHIP Local Housing Trust Fund.