Resolution 2001-186
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RESOLUTION NO. 2001- 186
RESOLUTION REQUESTING APPROVAL OF RECALCULATION
OF THE MAXIMUM HOME SALES PRICE FOR COLLIER
COUNTY FOR ALL FLORIDA HOUSING FINANCE
CORPORATION (FHFC) PROGRAMS.
WHEREAS, the Florida State Legislature enacted the William E. Sadowski
Affordable Housing Act on July 7, 1992 (the "Act"), Section 420.907, ~., Florida
Statutes, which is implemented in Chapter 91-37, Florida Administrative Code, as a
comprehensive funding package for state and local housing programs to better enable
local governments to meet their responsibilities for providing affordable housing in
accordance with their comprehensive plans; and
WHEREAS, pursuant to the Act, the State will allocate a portion of new and
existing documentary stamp taxes on deeds to local governments for development and
maintenance of affordable housing; and
WHEREAS, through Resolution No. 2001-130 the Board of County
Commissioners adopted a three year Local Housing Assistance Plan outlining the
intended use of SHIP funds for fiscal years 2001-2002, 2002-2003, and 2003-2004; and
WHEREAS, the Act also requires the local government to adopt a maximum
award schedule, an average cost per unit, and a maximum cost per unit for eligible
housing benefiting from SHIP Awards; and
WHEREAS, the maximum cost per unit that has been previously set by the
Florida Housing Finance Corporation (FHFC) for housing benefiting from awards made
pursuant to FHFC programs shall not exceed $118,264 for existing units and $106,365
for newly constructed eligible housing units; and
WHEREAS, the average sales price of a home in Collier County has risen 197%
since 1993 and is now $334,098 for a single family home; and
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WHEREAS, it is in the best interest of Collier County to raise the maximum cost
per unit eligible to receive housing benefits from FHFC programs in Collier County in
order to be more in line with the current housing market.
NOW THEREFORE, be it resolved by the Board of County Commissioners of
Collier County, Florida, that:
1. The Board of County Commissioners of Collier County hereby requests
that the maximum cost per unit for eligible housing that may benefit from awards made
pursuant to FHFC programs in Collier County be raised by the FHFC to S 130,000 for
both existing and newly constructed eligible housing units.
2. This Resolution shall take effect immediately upon its adoption.
This resolution adopted after motion, second, and majority vote favoring same.
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D IGHT E. BROCK, LERK
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY FLORIDA
BJ~M~~mMAN
Attest as to Chafnlln's
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APPROVED AS TO FORM AND LEGAL
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PATRICK G. WHITE
ASSIST ANT COUNTY ATTORNEY
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