SUBJECT:
Title
Request Approval of the State Housing Initiatives Partnership Program Annual Report and Execute the Local Housing Incentives Certification (Budget Impact - None)
Body
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INITIATOR: |
DEPARTMENT: |
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Cheryl Butler, Director |
Community Services |
DESCRIPTION/BACKGROUND:
Marion County is required to submit an Annual Report for all projects completed under the State Housing Initiatives Partnership (SHIP) program. The report provides close-out data for the prior fiscal year and an interim update for the current fiscal year.
SHIP funds are allocated annually to Marion County through documentary stamp tax revenues, as available, and support affordable housing activities outlined in the Local Housing Assistance Plan (LHAP). SHIP regulations require entitlement communities to commit funds within two (2) years and expend them within three (3) years.
Attached is the Annual Report to be submitted to Florida Housing Finance Corporation (FHFC), summarizing activities for FY 2023-24 and providing an interim update for FY 2024-25.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve the SHIP Annual Report and authorize the Chairman and Clerk to execute the Local Housing Incentives Certification and all other necessary documentation associated with the SHIP FY 2023-24 and interim years FY 2024-25 Annual Report.
end