HomeMy WebLinkAboutR-07-0302City of Miami
Legislation
Resolution: R-07-0302
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00672 Final Action Date: 6/12/2007
A RESOLUTION OF THE MIAMI CITY COMMISSION , WITH ATTACHMENT(S),
CONFIRMING THE SALES PRICE LIMITS OF THE STATE HOUSING INITIATIVES
PARTNERSHIP ("SHIP") PROGRAM FOR THE 2007-2010 LOCAL HOUSING
ASSISTANCE PLAN ("LHAP") AS SUBMITTED TO THE FLORIDA HOUSING
FINANCE CORPORATION, IN THE AMOUNT OF $236,800, FOR NEW
CONSTRUCTION AND EXISTING CONSTRUCTION FOR THE FIRST-TIME
HOMEBUYER PROGRAM, AND IN THE AMOUNT OF $300,000, FOR THE SINGLE
FAMILY REHABILITATION, SINGLE FAMILY EMERGENCY AND SINGLE FAMILY
REPLACEMENT HOMES PROGRAMS; FURTHER CONFIRMING THAT FIVE
PERCENT (5%) OF THE SHIP ALLOCATION, PLUS FIVE PERCENT (5%) OF THE
PROGRAM INCOME, IS INSUFFICIENT TO ADEQUATELY PAY THE NECESSARY
COSTS OF ADMINISTERING THE LHAP; AUTHORIZING THE USE OF TEN
PERCENT (10%) OF THE SHIP ALLOCATION, PLUS FIVE PERCENT (5%) OF THE
PROGRAM INCOME, TO COVER THE NECESSARY COSTS OF ADMINISTERING
THE LHAP/ADMINISTRATIVE EXPENSES ASSOCIATED WITH THE
IMPLEMENTATION OF THE SHIP PROGRAM.
WHEREAS, in July, 1992, the State of Florida enacted the William E. Sadowski Affordable
Housing Act ("Sadowski Act") which provides for the allocation of a portion of new and existing
documentary stamp taxes on deeds on real estate transactions to local governments for the
development and maintenance of affordable housing; and
WHEREAS, the Sadowski Act provided a dedicated revenue source for affordable housing and
created the Florida State Housing Initiatives Partnership ("SHIP") Program; and
WHEREAS, the Sadowski Act further requires local governments to establish an average area
purchase price for new and existing housing benefiting from awards made pursuant to the Act; and
WHEREAS, the methodology and purchase prices used are defined in the attached Local
Housing Assistance Plan ("LHAP"); and
WHEREAS, five percent (5%) of the local housing distribution plus five percent (5%) of program
income is insufficient to adequately pay the necessary costs of administering the LHAP; and
WHEREAS, the cost of administering the program may not exceed ten percent (10%) of the local
housing distribution plus five percent (5%) of program income deposited into the trust fund, with
certain statutory exceptions; and
WHEREAS, it is the recommendation of the Administration that the City Commission approve
the use of ten percent (10%) of the SHIP allocation, plus five percent (5%) of the program income, to
cover the necessary costs of administering the LHAP/ administrative expenses associated with the
implementation of the SHIP Program, as authorized by Florida Statutes Section 420.9075; and
City of Miami
Page 1 of 2 File Id: 07-00672 (Version: 1) Printed On: 3/30/2017
File Number: 07-00672 Enactment Number: R-07-0302
WHEREAS, the purchase price limits for the 2004-2007 LHAP is $236,800, for new and existing
programs; and
WHEREAS, pursuant to Resolution No. 07-0204, adopted April 12, 2007, the City Commission
approved the City of Miami's ("City's") LHAP for the period of July 1, 2007 through June 30, 2010, for
the City's continued participation in the SHIP Program; and
WHEREAS, on April 12, 2007, the City Commission recommended to increase the purchase price
limits for the Single Family Rehabilitation, Single Family Emergency and Single Family Replacement
Homes Programs to $300,000;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The sales price limits of the SHIP Program for the 2007-2010 LHAP as submitted to
the Florida Housing Finance Corporation, in the amount of $236,800, for new construction and
existing construction for the First -Time Homebuyer Program, and in the amount of $300,000, for the
Single Family Rehabilitation, Single Family Emergency and Single Family Replacement Homes
Programs, are confirmed.
Section 3. The Miami City Commission confirms that five percent (5%) of the SHIP allocation, plus
five percent (5%) of the program income, is insufficient to adequately pay the necessary costs of
administering the LHAP.
Section 4. The use of ten percent (10%) of the SHIP allocation, plus five percent (5%) of the
program income, to cover the necessary costs of administering the LHAP/ administrative expenses
associated with the implementation of the SHIP Program, is authorized.
Section 5. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
Footnotes:
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File Id: 07-00672 (Version: 1) Printed On: 3/30/2017