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Agenda 11/14/2017 Item #16D 711/14/2017 EXECUTIVE SUMMARY Recommendation to approve the acceptance of the State Housing Initiatives Partnership (SHIP) Program FY 2017/2018 allocation in the amount of $1,520,545 and approve a budget amendment recognizing $219,282.19 in program income for Fiscal Year 2017/2018. OBJECTIVE: To support housing affordability in Collier County. CONSIDERATIONS: SHIP, created by the passage of the 1992 William E. Sadowski Affordable Housing Act, receives funds from a population-based formula. Funding is designated by a specific percentage of statewide documentary stamp tax revenues each year. The SHIP Program provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multi-family housing. SHIP funds may be used to fund emergency repairs, new construction, rehabilitation, down payment, closing cost assistance, impact fees, construction, gap financing, mortgage buy-downs, acquisition of property for affordable housing, matching dollars for federal housing grants and programs, and homeownership counseling. Through an interlocal agreement with the City of Naples, the County implements the SHIP Program within the City limits and the City is considered a partner in receipt of SHIP funds. Collier County has been allocated a total of $1,520,545 of state fiscal year 2017/2018 SHIP funding which includes the City of Naples allocation of $85,759. These funds are to be used to implement SHIP Program strategies outlined in the 2016/2019 Local Housing Assistance Plan (LHAP) that was approved by the Board on April 26, 2016, (16.D.4) and have an expenditure deadline of June 30, 2020. Revenue income in the amount $219,282.19 was earned July 1, 2017 through September 30, 2017. Revenue income is comprised of interest and loan repayments. Florida Housing Finance Corporation no longer requires a certification to be signed before the release of funds. FISCAL IMPACT: The budget amendment recognizes $1,520,545 available from the Florida Housing Finance Corporation (of which 10% will be used as Administrative funds) and $219,282.19 in program income, (of which 5% will be used as Administrative funds). All funds are available in SHIP Grant Fund 791, Project 33525. The proposed action does not have an impact on the General Fund. LEGAL CONSIDERATIONS: This item has been approved for form and legality and requires a majority vote for Board approval. - 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 approve the acceptance of the FY 17/18 SHIP allocation and authorize a budget amendment recognizing income for FY 2017/2018. Prepared By: Lisa N. Carr, Grants Coordinator, Community and Human Services Division 16.D.7 Packet Pg. 1042 11/14/2017 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.7 Doc ID: 4082 Item Summary: Recommendation to approve the acceptance of the State Housing Initiatives Partnership (SHIP) Program FY 2017/2018 allocation in the amount of $1,520,545 and approve a budget amendment recognizing $219,282.19 in program income for Fiscal Year 2017/2018. Meeting Date: 11/14/2017 Prepared by: Title: Grants Coordinator – Community & Human Services Name: Lisa Carr 10/26/2017 10:19 AM Submitted by: Title: Division Director - Cmnty & Human Svc – Public Services Department Name: Kimberley Grant 10/26/2017 10:19 AM Approved By: Review: Community & Human Services Leslie Davis Additional Reviewer Completed 10/26/2017 11:14 AM Community & Human Services Kristi Sonntag Additional Reviewer Completed 10/26/2017 11:56 AM Public Services Department Kimberley Grant Additional Reviewer Completed 10/26/2017 12:29 PM Operations & Veteran Services Sean Callahan Additional Reviewer Completed 10/26/2017 5:05 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 10/26/2017 9:56 PM Public Services Department Joshua Hammond Level 1 Division Reviewer Completed 10/27/2017 7:09 AM Grants Erica Robinson Level 2 Grants Review Completed 10/27/2017 4:11 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 10/27/2017 4:20 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 11/01/2017 3:09 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 11/01/2017 4:16 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 11/01/2017 4:17 PM Budget and Management Office Ed Finn Additional Reviewer Completed 11/03/2017 9:11 AM Grants Therese Stanley Additional Reviewer Completed 11/03/2017 3:17 PM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 11/06/2017 10:22 AM Board of County Commissioners MaryJo Brock Meeting Pending 11/14/2017 9:00 AM 16.D.7 Packet Pg. 1043