AGENDA ITEM REPORT
TITLE:
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A RESOLUTION ADOPTING THE AMENDED BROWARD COUNTY, CITY OF COCONUT CREEK, CITY OF MARGATE, AND CITY OF WESTON FISCAL YEARS (FY) 2019-2020, 2020-2021, 2021-2022 LOCAL HOUSING ASSISTANCE PLAN (LHAP), INCORPORATING THE CITY OF COCONUT CREEK INTO THE JOINT BROWARD COUNTY LHAP; PROVIDING FOR ALLOCATION OF FUNDS RECEIVED FROM THE STATE OF FLORIDA UNDER THE STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM; AUTHORIZING TRANSMITTAL OF THE AMENDED LHAP TO THE FLORIDA HOUSING FINANCE CORPORATION, IN ACCORDANCE WITH SHIP PROGRAM REQUIREMENTS. (PUBLIC HEARING)
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BACKGROUND:
Through an Interlocal Agreement (ILA), the City and Broward County have established the necessary relationship to have the County administer the State Housing Initiatives Partnership (SHIP) program on its behalf. However, while the ILA provides the County authority for SHIP program services, the City is also required to incorporate its local housing program into the County's Joint Local Housing Assistance Plan (LHAP). The LHAP is required by the SHIP Act in order to receive SHIP funding from the State.
DISCUSSION:
Staff has worked with Broward County to develop the Joint LHAP covering Fiscal Years 2019-2020, 2020-2021, and 2021-2022, in accordance with State requirements. Through this action, the City's housing assistance program will be incorporated into the Broward County Joint LHAP. This will allow the County to implement programs and expend any funding associated with these fiscal years.
For reference, the City currently employs five housing strategies through the current LHAP: 1) Housing Rehabilitation through an owner-occupied minor home repair program; 2) Purchase Assistance for first-time homebuyers; 3) Disaster Mitigation to provide emergency repairs in the aftermath of a natural disaster; 4) Community Land Trusts; and 5) Acquisition Rehabilitation. This amended Joint LHAP expands the housing strategies from five to eight with the addition of New Const...
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