Proposed Resolution No. R26-179- Approve transmittal of the City of Boynton Beach State Housing Initiative Partnership (SHIP) Program Annual Report for FY2023-2024 (July 1, 2023, to June 30, 2024) and authorize the Mayor to sign the corresponding Local Housing Certification.
Staff recommends approval of Proposed Resolution No. R26-179.
Section 420.9072, Florida Statutes, establishes the State Housing Initiatives Partnership (SHIP) Program. The City of Boynton Beach receives an annual SHIP allocation. The program provides funds to counties and eligible municipalities to encourage the creation of local housing partnerships, expand the production of and preserve affordable housing, further the affordable housing portion of the housing element of the local government's Comprehensive Plan, and increase housing-related employment.
Section 420.9075(10), Florida Statutes, requires each county and eligible municipality to submit an annual report to the Florida Housing Finance Corporation (Corporation) by September 15 describing its affordable housing programs and accomplishments through the preceding June 30, the close of the state fiscal year. The local government's chief elected official, or that official's designee, must certify the report as accurate and complete.
The State Housing Initiatives Partnership (SHIP) Program is one of two principal funding sources for the City's affordable housing programs.
The City also uses a portion of its SHIP funds to cover program administration costs, which reduces the personnel expenses that would otherwise be paid from the General Fund.