Submitted By: James Haynes
presenter
Presentation By: James Haynes
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Department: Community Development Services
STAFF RECOMMENDATION (Motion Ready):
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Adopt Resolution 2023-38 approving the City of Ocala's State Housing Initiatives Partnership (SHIP) Annual Report for program closeout year 2020-2021
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OCALA'S RELEVANT STRATEGIC GOALS:
Operational Excellence
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
The Florida Legislature passed the Sadowski Act in 1991 to create a trust fund to finance state and local affordable housing initiatives managed by the Florida Housing Finance Corporation. The State Housing Initiatives Program (SHIP) grant is funded through this act and distributed to counties and qualifying municipalities in the state of Florida.
FINDINGS AND CONCLUSIONS:
The Florida Statutes require the submission of an Annual Report for entities that accept funds for the SHIP program. The plan is submitted annually to report data on the usage of funds that have been significantly expended within the two-year closeout period, to provide performance measure reports, and to meet the data requests of the State Legislature. The City of Ocala is submitting its closeout report for the 2020-2021 funding cycle. The City received no SHIP funding for the 2020-2021 funding cycle.
FISCAL IMPACT:
Annual reporting is required to continue to receive SHIP funding.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
Council may accept staff's recommendation or provide further direction.
RESOLUTION 2023-38
APPROVE THE CITY OF OCALA'S STATE HOUSING INITIIATIVES PLAN (SHIP) ANNUAL REPORT FOR CLOSEOUT YEAR 2020-2021
WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92-317 of Florida Sessions Laws, allocating a portion of documentary stamp taxes on deeds to local governments for the development and maintenance of affordable housing; and
WHEREAS, the SHIP Act requires entities that receive annual funding to...
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