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HomeMy WebLinkAboutSummary FormDate: 3/7/2006 AGENDA ITEM SUMMARY FORM FILE ID: dkrPo �L60 Requesting Department: Community Development Commission Meeting Date: 4/06/2006 District Impacted: Type: ® Resolution E Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Acceptance of SHIP Disaster Funds Purpose of Item: AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") DISASTER FUNDS, IN THE AMOUNT OF $289,096, FOR DISASTER RELIEF ACTIVITIES PERTAINING TO THE HURRICANE WILMA DISASTER RECOVERY EFFORTS, FOR FISCAL YEAR 2005-2006; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, FOR ACCEPTANCE OF SAID FUNDS. Background Information: • The City receives an annual allocation from the State SHIP program to produce and preserve affordable housing in the City using the Local Housing Assistance Plan ("LHAP") • Each year, an amount of SHIP funds are set aside by the State to address disaster relief • In response to the damage from the 2005 hurricane season, specified cities, including the City of Miami, have been deemed eligible to receive additional SHIP funding to assist its residents that were affected by Hurricane Wilma • The Administration recommends the acceptance of said SHIP funds for disaster relief activities pertaining to the Hurricane Wilma Recovery efforts, for fiscal year 2005-2006 • The SHIP funds will be administered by the Department of Community Development • Utilization of said SHIP disaster funds must adhere to the current Housing policies Budget Impact Analysis Is this item related to revenue? Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impac 1 ,_ Dept. Directo I' Chi<< g Final Approvals (SIGN AND DATE)