Resolution 09-1222RESOLUTION NCI.09-1222
�, A RESOLUTION OF THE CITY OF LONGWOOD,
FLORIDA, SUPPORTING E:LUMNATION OF THE
CAP ON THE STATE AND LOCAL HOUSING
TRUST FUNDS (HOUSING TRUST FUNDS) AND
SUPPORTING FULL APPROPRIATION OF THE
HOUSING TRUST FUNDS FOR HOUSING
PROGRAMS; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City of Longwood 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 idfordable Housing Act of 1992 created a
dedicated revenue source for the state and l,oc<a 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 rap on the Housing Trust Funds of
approximately $243 trillion per year, beginning in :Fiscal Year 2007-2008; and
WHEREAS, this cap is currently higher than the projected revenue for the
Housing Trust Funds for fiscal years 2010-20ii.1, 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 tc the
economy, providing $7.66 million of economic impact for every $-1 -mullion of -state
funding, and full appropriation of housing trust fund monies is critically needed to
o
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 CITY COMMISSION OF
THE CITY OF LONGWOOD, FLORIDA, AS FOLLOWS:
Section L That the foregoing clauses are ra,:ifted and confirmed as being true and
correct and are made a specific part of this Resolution.
Section 2. That the City of Longwood 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.
Resolution No. 09-1222
Page 2 of 2
Section 3. That the City of Longwood supports full appropriation of housing trust
fund monies for housing in the Fiscal Year 2010-2011 Budget.
Section 4. That the appropriate City of Longwood Officials are authorized to do
all things necessary and expedient to carry out the provisions of this Resolution.
Section 5. That this Resolution shall take effect immediately upon adoption
hereof.
P El) AND ADOPTED by the City of Longwood, this / 7 Ak day of
2009.
91610-27
16610od G. Bundy, Jr., or
ATTEST:
Sarah M. Mirus, MMC, MBA, City Clerk
Approved as to form and legality for the use and reliance of the City of Longwood,
Florida, only.
� � Teresa S. Roper, C tt� A orne s