Resolution 2019-207 RESOLUTION NO. 19 20 7
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA,
IMPLEMENTING THE LOCAL HOUSING TRUST FUND AND
AUTHORIZING THE COUNTY MANAGER TO SIGN
COMMITMENTS FOR THE USE OF THE HOUSING TRUST FUNDS
AND STATE AND LOCAL GRANT FUNDS FOR HOUSING
DEVELOPMENTS AND DIRECTING THE AFFORDABLE
HOUSING ADVISORY COMMITTEE TO IDENTIFY AND
RESEARCH A VARIETY OF POTENTIAL FUNDING SOURCES
FOR THE HOUSING TRUST FUND AND BRING
RECOMMENDATIONS BACK TO THE BOARD AT A LATER
DATE.
RECITALS
WHEREAS, on April 24, 2018, the Board of County Commissioners (BCC)
adopted Resolution No. 2018-82 declaring a valid public purpose for establishing a new
Local Housing Trust Fund (HTF), accepting funds for affordable housing made to the
County and providing general guidelines for use of monies in the housing trust fund; and
WHEREAS, Resolution No. 2018-82 directed the Affordable Housing Advisory
Committee and staff to develop procedures and criteria for the implementation of the HTF;
and
WHEREAS, the criteria for the HTF is based on the Community Housing Plan and
the Housing Element of the Growth Management Plan and shall be established as policy
by the Board; and
WHEREAS,given the long planning process involved in housing development and
the need to layer multiple funding sources, a local housing trust fund is necessary to
provide a local contribution; and
WHEREAS, some housing developments have a tight window to make
application to the State for Low-Income Housing Tax Credits and other funds that
request local contributions and may not be able to wait for an annual funding
application cycle; and
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WHEREAS, the Affordable Housing Advisory Committee has identified the need
for a consistent, on-going revenue stream to ensure that the HTF is a viable revenue source
for needed housing that is affordable to Collier County residents;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA,that:
1. The foregoing Recitals are adopted as true and incorporated as part
of this Resolution.
2. The County Manager is authorized to sign commitments for the use of
the HTF resources, state and local grant funds for developers applying to Florida Housing
Finance Corporation for Low-Income Housing Tax Credit financing and other State and Federal
housing projects.
3. The Affordable Housing Advisory Committee is hereby directed to
identify and research a variety of potential funding sources for the HTF and bring
recommendations back to the Board at a later date.
4. The Housing Trust Fund program will begin implementation in 2020
as outlined in the BCC approved guidelines, criteria and annual work plan.
THIS RESOLUTION is adopted after motion, second, and majority vote this22''c'day
of Co x— , 2019
BOARD O- b.S .TY COMMISSIONERS
:' ' R; •°. 7r'K. KINZEL, CLERK OFC L :t COUN FLO' DA
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1f 'A3 'as t0 Cll�lrf11�1 STY CLERK W LIAM L. MCDANIEL, JR.
CHAIRMAN
signature only.
Approval for form and legality:
Jennr A. Belpedio ��
Assistant County Attorney � 1\
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