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Certification of Annual Report for FY 2020-21, and Revised Annual Reports for FY’s 2018-19 and 2019-20 for State Housing Incentives Partnership Program for Submittal to Florida Housing Finance Corporation
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BRIEF OVERVIEW
Each year all local governments participating in the State Housing Initiatives Partnership Program (SHIP) must submit an annual report to the Florida Housing Finance Corporation (FHFC). The report reflects SHIP affordable housing programs and accomplishments for the State Fiscal Year 2020/2021 (Close Out and FY 2021/2022 Interim Year 1).
The report is required by Florida Statutes, Section 420.9075(1) to be certified by the local government’s chief elected official or his/her designee as accurate and complete. Transmittal of the annual report by the county certifies that the local housing incentive strategies of the SHIP Local Housing Assistance Plan are implemented or in the process of being implemented pursuant to the adopted schedule for implementation.
In addition to the State Fiscal 2020/2021 Closeout Out report, is a corrected State Fiscal Year 2019/2020 Close Out report and a corrected State Fiscal Year 2018/2019 Close Out report reflecting changes in expended funding. Needed changes were identified during reconciliation with Hernando County Financial Services and corrections have been made and approved by FHFC.
FINANCIAL IMPACT
None.
LEGAL NOTE
The Board has authority to act on this item pursuant to Section 420.9075(10), Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve the FY 2020/2021 Annual Report (Close Out), revised FY 2019/2020 Annual Report, and revised FY 2018/2019 Annual Report, and authorize the Chairperson’s signature on the reports for transmittal to the Florida Housing Finance Corporation.