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HomeMy WebLinkAbout09-243 RESOLUTION 09-243 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ST. LUCIE COUNTY, FLORIDA, SUPPORTING ELIMINATION OF THE CAP ON THE STATE AND LOCAL HOUSING TRUST FUNDS AND SUPPORTING FULL APPROPRIATION OF THE HOUSING TRUST FUNDS FOR HOUSING PROGRAMS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, St. Lucie County has an obligation to provide for the housing needs of its current and anticipated populations and assisting lower income families is dependent upon sufficient housing assistance from federal and state programs; and WHEREAS, the William E. Sadowski Affordable Housing Act of 1992 created a dedicated revenue sourcefor the state and local housing trust funds expressly and specifically to fund state and local housing programs that assist local governments in meeting the housing needs of its population; and WHEREAS, the Legislature enacted a cap on the Housing Trust Funds of approximately $243 million per year, beginning in Fiscal Year 2007-2008; and WHEREAS, the cap is currently higher than the projected revenue for the Houuing Trust Funds for fiscal years 2010-2011, 2011-2012, and 2012-2013, and therefore removal of the cap would have no negative fiscal impact on the state budget; and WHEREAS, housing trust fund monies are the single greatest boost to the economy, providing $7.66 million of economic impact for every $1 million of state funding, and full appropriation of housing trust fund monies is critically needed to stimulate our local and state economy; and WHEREAS, the. unmet housing needs of low income Floridians is substantial and the downturn in the real estate market creates opportunities for acquiring, constructing, rehabilitating, and preserving housing to meet these needs, and these opportunities are lost without Housing Trust fund monies. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF ST. LUCIE COUNTY, FLORIDA, AS FOLLOWS: Section 1. That the foregoing clauses are ratified and confirmed as being true and correct and are made a specific part of this Resolution. Section 2. That St. Lucie County supports repeal of the cap on the Housing Trust Funds, and urges the Governor and Legislature to adopt statutory changes during the 2010 Legislative Session to repeal the cap. Section 3. That St. Lucie County supports full appropriation of housing trust fixnd monies for housing in the Fiscal Year 2010-2011. Section 4. That the a ro riate Count Officials are authorized to do all thin s necessa and ex edient to pp P Y g rY p carry out the provisions of this Resolution. Section 5. That this Resolution shall take effect immediately upon adoption hereof. After motion and second, the vote on this resolution was as follows: Commissioner Paula Lewis Chair A e Y Commissioner Charles Grande, Vice Chair Aye Commissioner Joseph Smith Aye Commissioner Doug Coward Aye Commissioner Chris Craft Aye PASSED AND ADOPTED this 8tb day of September, 2009. ATTEST: BOARD OF COUNTY COMMISSIONERS, ST. LUCI OUNTY, FLORI A BY: E CHAI AN ~ APPROVED AS TO CORRECTNESS AND ~ - d~ FORMS ~ gLyr J 'J {Y~~'~Yj j { ,r ~ Yf4f~ ~ ' 'f't h ~ r'' '~s~ COUNTY ATTORN , * ~ ~ ~ Q~~ ` I