BOARD OF COUNTY COMMISSIONERS
Agenda Item #40
Title
Amendment No.1 to State Fiscal Year 2005-2006 State Housing Initiatives Partnership (SHIP) Single Family Housing Development Funding Award Agreement with City Of High Springs (Provider). (Amended)
Amount
N/A
Description
Request Approval of Amendment No.1 to State Fiscal Year 2005-2006 State Housing Initiatives Partnership (SHIP) Award Agreement with City Of High Springs (Provider), request for extension of the term of the Agreement through September 30, 2008.
Recommendation
Approve and authorize Chair to sign Amendment No. 1 to SFY 2005-2006 State Housing Initiatives Partnership Award Agreement with City Of High Springs, and approve extension of the term of the Agreement through September 30, 2008.
Alternative(s)
Reject this request for contract term extension.
Requested By
Abuahmad Karim, Asst. Housing Programs Manager
Originating Department
Growth Management
Attachment(s) Description
Amendment No. 1 to State Fiscal Year 2005-2006 State Housing Initiatives Partnership Award Agreement with City Of High Springs. City Of High Springs’s letter of request for contract term extension.
Documents Requiring Action
Amendment No. 1 to State Fiscal Year 2005-2006 State Housing Initiatives Partnership Award Agreement with City Of High Springs.
Executive Summary
The Board competitively awarded City Of High Springs $200,000.00 funding on May 8, 2007 under SFY 2005-2006 SHIP Single Family Housing Development Program to rehabilitate eight (8) eligible housing units for the term of April 1, 2007 to March 31, 2008. The Provider encountered significant difficulties in finding eligible recipients due to unwillingness of many home owners to sign a 30-year due on sale mortgage per requirement of the Alachua County SHIP Local Housing Assistance Plan (LHAP). At its January 22, 2008 meeting, the Board has approved an amendment to the current Alachua County SHIP LHAP to change the mortgage requirement to a 10-year forgivable loan for rehabilitation and repair jobs. Per an administrative extension given for one month, this agreement will expire on April 30, 2008. Staff is submitting this Amendment No. 1 to SFY 2005-2006 SHIP award Agreement with City Of High Springs to the Board for approval and extension of the term of the Agreement through September 30, 2008.
Background
The Board competitively awarded City Of High Springs $200,000.00 funding on May 8, 2007 under SFY 2005-2006 SHIP Single Family Housing Development Program to rehabilitate six (8) eligible housing units for the term of April 1. 2007 to March 31, 2008. In the rehabilitation housing sector, due to unwillingness of the probable recipients to commit to a 30-year due on sale mortgage, the Provider faced significant difficulties in recruiting willing and eligible recipient during the initial period of the Agreement. As a result of the new 10-year mortgage with the forgivable loan, the Provider may now recruit required eligible home owners to complete the project by September 30, 2008.
Issues
Due to mortgage related issues which have been resolved, the Provider is now in a position to recruit required eligible home owners, but needs additional time to recoup the lost time and to complete the project. Therefore, staff is submitting this request for approval of the Amendment No. 1 to the Subrecipient Agreement extending the term of the Agreement through September 30, 2008.
Fiscal Recommendation
This recommended action has no additional fiscal impact.
Fiscal Alternative(s)
None.
Funding Sources
Alachua County SHIP Local Housing Trust Fund
Account Code(s)
248-6500-554.34-64
Attachment: SHIPHighSprigsAmend1Final.pdf