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Agenda 11/13/2018 Item #16D1111/13/2018 EXECUTIVE SUMMARY Recommendation to authorize a Budget Amendment recognizing $196,546.01 of State Housing Initiatives Partnership (SHIP) Program Income for Program Year 2018/2019. OBJECTIVE: To continue to promote affordable housing strategies for low- to moderate-income persons through the SHIP Program. CONSIDERATIONS: On July 7, 1992, the Florida legislature enacted the William E. Sadowski Affordable Housing Act to provide additional funding to local communities to promote and advance affordable housing initiatives. Funds are generated through documentary stamp tax on real estate transactions. Under the SHIP Program, Collier County and the City of Naples receive funds from the State of Florida through the Florida Housing Finance Corporation to undertake eligible activities. Revenue income is comprised of program income received from interest and loan repayments and recognized on a quarterly basis. Revenue income in the amount of $196,546.01 was earned from July 1, 2018 through September 30, 2018. The proposed budget will be used to implement SHIP strategies and administrative support as identified in the 2016/2019 Local Housing Assistance Plan, approved April 16, 2016, (Agenda Item #16D4). FISCAL IMPACT: The Budget Amendment recognizes $196,546.01 in program income (of which 5% will be used as Administrative funds) and is available in SHIP Grant Fund (791), Project 33569. The proposed action does not have an impact on the General Fund. LEGAL CONSIDERATIONS: This item does not raise any legal issues and requires a majority vote for Board action. - JAB GROWTH MANAGEMENT IMPACT: Acceptance of these funds will allow the County to expand affordable housing opportunities for its citizens and further the goals of the Housing Element of the Collier County Growth Management Plan. RECOMMENDATION: To authorize a Budget Amendment recognizing $196,546.01 of State Housing Initiatives Partnership (SHIP) Program Income for Program Year 2018/2019. Prepared By: Leslie Davis, Accountant, Community and Human Services Division ATTACHMENT(S) 1. SAP Backup (PDF) 16.D.11 Packet Pg. 1775 11/13/2018 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.11 Doc ID: 7047 Item Summary: Recommendation to authorize a Budget Amendment recognizing $196,546.01 of State Housing Initiatives Partnership (SHIP) Program Income for Program Year 2018/2019. Meeting Date: 11/13/2018 Prepared by: Title: Accountant – Community & Human Services Name: Leslie Davis 10/15/2018 10:24 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 10/15/2018 10:24 AM Approved By: Review: Community & Human Services Lisa Carr Additional Reviewer Completed 10/24/2018 4:21 PM Community & Human Services Kristi Sonntag CHS Review Completed 10/24/2018 5:56 PM Community & Human Services Cormac Giblin Additional Reviewer Completed 10/25/2018 10:41 AM Community & Human Services Maggie Lopez Additional Reviewer Completed 10/25/2018 11:33 AM Public Services Department Kimberley Grant Level 1 Reviewer Completed 10/25/2018 5:30 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 10/26/2018 10:00 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 10/26/2018 10:30 AM Grants Erica Robinson Level 2 Grants Review Completed 10/26/2018 3:11 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 10/26/2018 3:50 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 10/26/2018 4:18 PM County Attorney's Office Emily Pepin CAO Preview Completed 10/29/2018 9:27 AM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 10/29/2018 9:52 AM Budget and Management Office Ed Finn Additional Reviewer Completed 10/29/2018 2:47 PM Grants Therese Stanley Additional Reviewer Completed 10/29/2018 4:20 PM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 11/04/2018 3:15 PM Board of County Commissioners MaryJo Brock Meeting Pending 11/13/2018 9:00 AM 16.D.11 Packet Pg. 1776 16.D.11.a Packet Pg. 1777 Attachment: SAP Backup (7047 : SHIP 18/19 First Quarter Program Income)