06-56
RESOLUTION NO. 06-56
A RESOLUTION OF THE CITY OF CLEARWATER,
FLORIDA, ADOPTING THE CITY OF CLEARWATER
COMMUNITY LAND TRUST PROGRAM LOCAL
HOUSING ASSISTANCE PLAN COVERING FISCAL
YEARS 2007-2009; PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the City of Clearwater has established the FY
2006 through FY 2010 Consolidated Plan which identifies goals,
objectives and strategies to develop viable urban communities by
providing decent housing and suitable living environment and to
expand economic opportunities principally for very low to moderate
income person/households; and
WHEREAS, the Clearwater City Council approved the Five
Year Consolidated Plan covering Fiscal Years 2006-2010 at their
August 4, 2005 meeting; and
WHEREAS, the Consolidated Plan has established
affordable housing as its highest priority; and
WHEREAS, Pinellas County Board of County
Commissioners established a Housing Trust Fund (Ordinance No.
06-28) to implement the Community Housing Trust Fund Program
for the development and provision of affordable housing; and
WHEREAS, the City of Clearwater has established a
Community Land Trust Program Local Housing Assistance Plan
under an agreement with Pinellas County Housing Finance
Authority to obtain funding; and
WHEREAS, the City will establish a local housing trust fund
to receive funds from the program; and
WHEREAS, the Local Housing Assistance Plan provides
that ten percent (10%) of the total housing trust program allocation
will be used for administrative expenses, and
WHEREAS, the funds distributed through the local housing
assistance plan must be leveraged at a minimum ration of 2:1, set
aside a minimum of 15% of the funds for persons with special
needs or persons earning thirty percent (30%) or less of the area
median income, maintain that eighty percent (80%) of the funds will
Resolution No. 06-56
, .
be utilized as non-forgiven loans that generate program income;
now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CLEARWATER, FLORIDA:
Section 1. The City of Clearwater hereby adopts the
attached Community Housing Trust Program Local Housing
Assistance Plan covering Fiscal Years 2007-2009.
Section 2. This resolution shall take effect immediately upon
adoption.
PASSED AND ADOPTED this 14th day of December
,2006.
~,~p(,~
~nk V. Hibbard
Mayor
Approved as to form:
Attest:
cJ;) ~ _
2
Resolution No. 06-56