www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 18, 2017
REVISED September 18, 2017 - Regular Meeting
Agenda Item #31


Subject
FY 2014-2017 SHIP Annual Report

Briefings
None

Contact and/or Presenter Information
Denise L. Thomas/ext. 3474

Action Requested
Approval and acceptance of the SHIP Annual Report and authorization for the Chairman to sign the letter of transmittal and required State forms to transmit Manatee County's State Housing Initiative Partnership (SHIP) Annual Report for Fiscal Year 2014-2015 through 2016-2017 in accordance with Florida State Statutes 420.9075.

Enabling/Regulating Authority

Florida State Statute 420.9075

Manatee County Ordinance 93-44

Comprehensive Plan Objective 6.1.1. - Affordable Housing

Resolution R-12-076, 2012-2015 Local Housing Assistance Plan

Resolution R-15-043, 2015-2018 Local Housing Assistance Plan



Background Discussion

State Statute 420.9075(10) requires each county or eligible municipality to submit to the Florida Housing Finance Corporation (FHFC), by September 15th of each year, a report of its affordable housing programs and accomplishments through June 30th.

The annual report specifically details the County's distributions of funds expended and encumbered for fiscal year 2014-2015 through 2016-2017.

As required, the annual report verifies that the County's SHIP program is in conformance with the appropriate SHIP rules and regulations and includes the following information:

  1. The number of households served by income category, age, family size, race and data regarding any special needs populations such as farmworkers, homeless persons, persons with disabilities and the elderly. 
  2. The number of units and the average cost of producing units under each local housing assistance strategy.
  3. The average purchase price of single-family units.
  4. By income category, the number of mortgages made, the average mortgage amount and the rate of default.
  5. A description of the status of implementation of each local housing incentive strategy, or if applicable, the local housing incentive plan as set forth in the local government's adopted schedule for implementation.
  6. A concise description of the support services that are available to the residents of affordable housing provided by local programs.
  7. The sales price or value of housing produced and an accounting of what percentage was financed by the local housing distribution, other public moneys and private resources.
  8. Such other data or affordable housing accomplishments considered significant by the reporting county or eligible municipality or Florida Housing Finance Corporation (FHFC).

Availability of the proposed report for public inspection and comment was advertised on September 4, 2017, through the Bradenton Herald.  All written comments received will be transmitted to FHFC for consideration.

For FY 2014-2015, the close out year, $1,393,862.36 was expended.  This funding assisted/supported 29 units of affordable housing (7 units for housing rehabilitation, 16 units with downpayment assistance, and 6 units for housing reconstruction).  These funds were used to leverage over $2.8 million of private and owner funds (a 2.52 to 1 leverage).



County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records

Please expedite signing of documents due to mandatory State submission deadline of September 15, 2017.

Please return one original of all signed documents and the signed transmittal letter to Denise Thomas, ext. 3474 (denise.thomas@mymanatee.org)



Cost and Funds Source Account Number and Name
None / SHIP 115.900382X

Amount and Frequency of Recurring Costs
None


Attachment:  Regulatory Certification.pdf
Attachment:  SHIP 2014-2017 Annual Report.pdf
Attachment:  SHIP Annual Report Transmittal Ltr.pdf