Loading...
93-37AQL RESOLUTION NO. 93-37 A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA, APPOINTING MEMBERS TO THE AFFORDABLE HOUSING ADVISORY COMMITTEE, DEFINING THE TERM "AFFORDABLE HOUSING "; AND PROVIDING FOR THE EXPECTED AVERAGE COST PER UNIT AND MAXIMUM COST PER UNIT ASSISTED WITH STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) FUNDS. WHEREAS, Section 420.9076(2)(f), Florida Statutes, and Ordinance 5410 -93 requires the appointment of an Affordable Housing Advisory Committee; and WHEREAS, Statute 420.9075(2)(d)3(i) requires that cost per unit be established. BE IT RESOLVED by the City Commission of the City of Clearwater, Florida: The following individuals are hereby appointed as members to the Affordable Housing Advisory Committee: Number of Representing Members Name Residential building industry 1 Peter Wright Banking /mortgage industry 1 Pearl Johnson Labor engaged in home building 1 William Turner Advocate for low income persons 1. Joe McFate Provider of affordable housing 1 Isay Gulley Real estate profession. 1 Bertha Kelley At large 3 Judy Mitchell Cynthia Weller Annette Patterson Alternates for at large members: Tom Brooks Darrell Collins Milly Joplin 'i 1 EE IT FURTHER RESOLVED that the Clearwater City Commission defines "Affordable Housing" as: "Safe and sanitary housing which is available to a household earning 120% or less of area median income which can be rented orpurchased in the market without spending more than 30% of its income. " BE IT FURTHER RESOLVED that the Clearwater City Commission establishes the following average and maximum cost per unit to be assisted with State Housing Initiative Partnership (SHIP) program funds: Per Unit - Subsidy Per Unit - Value Program Average Maximum All Programs Homeowner Rehabilitation 1992 -93 $ 2,577 $ 4,000 $91,850 (FHA 203(b) 1993 -94 $ 2,577 $ 4,000 Mortgage Limit -1993 Homeownership/Infill Housing - Second Mortgage Financing Program 1992 -93 $ 7,087 $ 7,500 1993 -94 $ 7,087 $ 7,500 This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED THIS 17 thDAY OF June , 1993. CITY OF CLEARWATER, FLORIDA Mayor - Commissioner ATTEST: Ci Clerk APPROVED AS TO FORM: City Att mey /gml cdoVesoluli.sm 2