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Resolution 2025-073 EXHIBIT E RESOLUTION No. 2025- 7 3 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, APPROVING THE LOCAL HOUSING ASSISTANCE PLAN FOR FISCAL YEARS 2025-2026, 2026-2027, AND 2027-2028, AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM; AUTHORIZING CHAIR TO EXCUTE ANY NECESSARY DOCUMENT 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, Subsections 420.907-420.9079, Florida Statutes, and 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 local housing assistance trust fund. WHEREAS, Community and Human Services staff have prepared a new three-year Local Housing Assistance Plan (LHAP) for submission to the Florida Housing Finance Corporation; and WHEREAS,the Board of County Commissioners finds that it is in the best interest of the citizens of Collier County for it to submit the Local Housing Assistance Plan (LHAP) for review and approval so as to qualify for said CA° documentary stamp tax funds with administrative costs paid from moneys deposited into the local housing assistance trust fund. NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA that: Section 1: The Board hereby approve 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 2025-2026, 2026-2027, and 2027-2028. Section 2: The Chair is hereby designated and authorized to execute any documents and certifications required by 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. +� This Resolution passed and adopted this g day of Afe,, I ,2025,after motion second and majority in favor of passage. ATTEST: BOARD OF COUNTY COMMISSIONERS CRYSTAL K. KINZEk,�CLERK OF COLLIER COUNTY, FLORIDA Attest as to Chairm By:v By. aT VEPUT LE L. SAUN E S, CHAIRPERSON signature only Appr( e , orm and legality: � ' Jeffrey R'. Klat: ow County ttorn CA4