MONROE COUNTY

BOARD OF COUNTY COMMISSIONERS

REQUEST FOR COMPETATIVE

SOLCITATIONS FOR

STRATEGY E: AFFORDABLE RENTAL

CONSTRUCTION AND/OR REHABILITATION

BOARD OF COUNTY COMMISSIONERS

Mayor Michelle Lincoln, District 2

Mayor Pro Tem David Rice, District 4 Commissioner Craig Cates, District 1

Commissioner James K. Scholl, District 3 Commissioner Holly Merrill Raschein, District 5

COUNTY ADMINISTRATOR

Christine Hurley

Clerk of the Circuit Court Community Services Director Kevin Madok Cathy Crane

June 2026

PREPARED BY:

Monroe County Community Services Department

County of Monroe The Florida Keys

BOARD OF COUNTY COMMISSIONERS

Mayor Michelle Lincoln, District 2

Mayor Pro Tem David Rice, District 4 Craig Cates, District 1 James K. Scholl, District 3 Holly Merrill Raschein, District 5

NOTICE OF SHIP FUNDING AVAILABLE AND

REQUEST FOR COMPETITIVE SOLICITATIONS

STRATEGY: Affordable Rental Construction and/or Rehabilitation - $255,000.00 The Monroe County State Housing Initiatives Partnership (SHIP) Program announces the availability of $255,000.00 in MONROE COUNTY SHIP FUNDING for the Affordable Rental Construction and/or Rehabilitation Strategy for SHIP State of Florida FY 2024-2025. The Monroe County SHIP Program serves Very Low Income, Low Income, Moderate Income, and households with up to 140% of the Area Median Income (AMI) residents throughout Monroe County, including incorporated areas.

• Maximum award per unit - $40,000.00

• Deferred payment loan secured by a recorded Promissory Note, Mortgage, Rental Monitoring Agreement, and Land Use Regulation Agreement (LURA)

• Years in loan term: Fifteen (15)

• Forgiveness: Not-for-Profit entities, full loan amount forgiven at maturity

For-Profit entities, full loan amount due at maturity

• Funding priority will be first for preservation of Assisted Housing Units, then second for the rehabilitation of existing rental units, and third for the creation of new rental units by construction or rehabilitation.

• Applications within each Priority 1, Priority 2, or Priority 3 will be processed and ranked on a priority/ scoring basis separately within each, based upon the criteria provided in the application packet. Priority base scoring for Priority 1, will be ranked on the preservation of Assisted Housing Units. Priority 2 and 3 will be ranked in the following order: the longest period of affordability, serving very low-income tenants, serving substantially (%) very low-income tenants, serving low-income tenants, serving substantially (%) low-income tenants, and serving moderate-income tenants. The tiebreaker for all priorities is the lowest SHIP per unit cost.

• Applications to be submitted via The County’s electronic bidding platform, Bonfire at https://monroecounty-fl.bonfirehub.com. The application period will run August 10, 2026 through October 29, 2026 at 3:00 PM EST

• Questions must be submitted utilizing the Bonfire platform no later than October 9, 2026 at 5:00 PM EST. For technical assistance, contact the Monroe County SHIP Administrator Cathy Crane at 305-292-4408 -Monday through Friday between 8am – 5pm.

• All Questions will be responded to and answered by October 16, 2026 by 5:00 PM EST.

Pursuant to F.S. § 50.0211(3)(a), all published competitive solicitation notices can be viewed at:

www.floridapublicnotices.com, a searchable Statewide repository for all published legal notices. Requirements for submission and the selection criteria may be requested from the County’s electronic bidding platform at https://monroecounty-fl.bonfirehub.com OR www.monroecounty-fl.gov/BonfireBids. The Public Record is available upon request. Monroe County Purchasing Department receives proposals via the Bonfire electronic bidding platform.

All proposals will be made public on the platform after an intended decision or 30 days from unsealing, whichever is earlier, unless the bids/proposals are rejected in accordance with F.S. § 119.071. If your proposal document includes financial information (not uploaded separately), that information will be considered public and viewable to the public in accordance with public records law.

Monroe County does not discriminate against any individual or group of individuals in any of its programs or activities, including the SHIP program, on the basis of handicap, age race, color, country of national origin, creed, religion, sex, or familial status, or any other condition which usually separates one individual or group of individuals from another.

EQUAL HOUSING LENDER

https://monroecounty-fl.bonfirehub.com/ http://www.floridapublicnotices.com/ https://monroecounty-fl.bonfirehub.com/ http://www.monroecounty-fl.gov/BonfireBids

REQUEST FOR COMPETITIVE SOLICITATION

FOR

STRATEGY E: AFFORDABLE RENTAL CONSTRUCTION AND/OR REHABILITATION

MONROE COUNTY, FLORIDA

TABLE OF CONTENTS

DOCUMENTATION PAGE

SHIP Application Priority 1 – Preservation of Assisted Housing Units…………………………………….. 4 SHIP Instructions Priority 1 – Preservation of Assisted Housing Units…………………………………….. 8

SHIP Application Priority 2 – Rehabilitation of Existing Affordable Rental Units………………………… 11 SHIP Instructions Priority 2 – Rehabilitation of Existing Affordable Rental Units……………… 16

SHIP Application Priority 3 – Creation of New Rental Units by Rehabilitation…………………………… 19 SHIP Instructions Priority 3 – Creation of New Rental Units by Rehabilitation…………………….. 24

1.8.1 SHIP – FHFC Limits Attestation Form……………………………………………..………………………… 27

1.8.3 SHIP Multi-Family Attestation Form……………………………………………..…………………………... 29

Land Use Restriction Agreement Template ………………………...…….………………….…………..………. 31

SHIP Mortgage and Note Template………………………...…………………………….………………………….. 36

Rental Monitoring Agreement Template……………………………………..……….………………………

Evaluation of Submissions & Award………………………………..………………………………

# Question Response Comment

1.0.1 Does the project preserve Assisted Housing Units?

1.1.1

Are you applying for a Priority #1 — Preservation of Assisted Housing Units project?

Each selected priority will be evaluated independently under the LHAP criteria and incorporated into the weighted scoring system. If you intend to apply for more than one Priority, you must submit a separate application for each priority for which you intend to apply.

1.2.1

Applicant Type (select one):

-Non-Profits must upload Sunbiz registration in Required Documents section of application.

-For-Profit must upload Sunbiz registration in Required Documents section of application.

-Public/Local Government Entity must upload Letter of Authority or other equivocal documentation in Required Documents section of application.

1.2.2 Legal Entity Name: -

1.2.3 Authorized Representative: -

1.2.4 Title: -

1.2.5 Email: -

1.2.6 Phone: -

SECTION 1 — Priority Selection & Scoring Notice

SECTION 2 — Applicant & Project Information

SHIP Application Priority 1 – Preservation of Assisted Housing Units

1.2.7 Project or Property Name: -

1.2.8 Full Project Address: -

1.2.9 Total number of units in the property: -

1.3.1 Provide a narrative describing your organization’s history, mission, and experience relevant to affordable housing development, rehabilitation, or property management.

1.3.2 Provide a narrative describing the proposed affordable rental rehabilitation project, including scope of work, intended use of SHIP funds, leveraged funds, timeline, units served, expected outcomes, and justification of need.

1.3.3 Total number of units to be assisted with SHIP funds: -

1.3.4

Have you uploaded a complete and accurate budget that:

•Lists all funding sources and uses •Identifies SHIP funds and all leveraged sources from non-SHIP sources •Includes documentation for committed or pending funds •Shows that total sources equal total uses •Demonstrates that all costs are reasonable

1.3.5 Have you uploaded the Due Diligence Cost Estimates Form (Required)- Lump-sum, turnkey, or unitemized cost estimates will not be accepted.

1.4.1 Does this project demonstrate elements of Innovative Design?

Explanation (Required, if yes):

SECTION 3 — Cover Letter, Narrative, Units Assisted, & Income Targeting

SECTION 4 — Sponsor Preference Criteria

1.4.2 Does this project demonstrate elements of Green Building Principles?

(Required, if yes):

1.4.3 Does this project demonstrate elements of Storm-resistant construction?

Explanation (Required, if yes):

1.4.4 Does this project demonstrate other elements that reduce long term costs relating to maintenance, utilities, or insurance. Explanation (Require, if yes):

1.5.1

Does this project reserve units for or commit to serving, Special Needs households as defined in s. 420.0004(13), F.S.?

If yes, number of Special Needs units committed: ______ -By selecting "Yes" and indicating the number of units reserved or committed to serving Special Needs Households, as defined in s. 420.0004(13), F.S., in Section 1.5.1, the applicant acknowledges that the requested funds will be used for units reserved or committed to serve Special Needs Households and will comply with all reporting requirements under the Rental Monitoring Agreement.

-This reflects a program-wide LHAP requirement and does not alter Strategy E priority ranking

1.6.1 Does the project preserve Assisted Housing Units? Yes/No

1.6.2 The tiebreaker within Priority #1 shall be the lowest SHIP per unit cost.

1.7.1 Explain your capacity to manage rehabilitation projects and meet SHIP requirements.

SECTION 5 — Special Needs Priority (LHAP Program-Wide Requirement)

SECTION 6 — Priority Evaluation Detail (LHAP)

SECTION 7 — Sponsor / Developer Questions

1.7.2 Describe your experience conducting SHIP income qualification and maintaining eligibility requirements.

1.8.1

By acknowledging, the applicant certifies agreement with all SHIP program requirements:

Including, but not limited to, the following requirements as set forth by the

LHAP:

Deferred payment loan secured by note & mortgage 0% interest (non-profit) / 3% interest (for-profit) Fifteen (15) year term Forgiveness for non-profit / full repayment for for-profit No repayment if loan remains in good standing Rents may not exceed FHFC limits First right of refusal for eligible nonprofit if sold within 15 years Default triggers full repayment Maximum $40,000 per Unit

1.8.2

By acknowledging, the applicant certifies agreement with all SHIP program requirements:

Including the Recipient/Tenant Selection Criteria as set forth within the LHAP - Eligible residents will be selected on a “First Qualified, First Served” basis

1.8.3

By acknowledging, the applicant certifies agreement with all SHIP program requirements:

Including the entering into a Rental Monitoring Agreement and a Land Use Restriction Agreement with Monroe County for a minimum of fifteen (15) years prior to the disbursement of any SHIP funds awarded under this priority.

SECTION 8— SHIP Terms Certification

28 Questions 0.00% Complete

Strategy E: AƯordable Rental Rehabilitation / Construction Priority #1 Instructions

Section 1 - Priority Selection and Scoring Notice Confirm the priority for the project or property you are applying for funds on. These priorities are directly from the Local Housing Assistance Plan (LHAP) governing this funding opportunity. Each selected priority will be evaluated independently under the LHAP criteria and incorporated into the weighted scoring system. If an applicant intends to apply to more than one Priority, the applicant shall submit a separate application for each priority.

The funds being granted through this application are FY 2024-2025, Monroe County SHIP Program must expend these funds prior to June 30th, 2027.

An applicant, who is awarded SHIP funds under this strategy, must prepare all requests for processing of funds to the Monroe County SHIP Department by May 31, 2027. If SHIP funds are not requested by May 31, 2027, then all the SHIP funds not requested will be de-obligated. All unspent funds will revert back to Monroe County SHIP Department, and at that time Monroe County SHIP Department is responsible for expending the funds in a manner consistent with FHFC / SHIP guidelines.

The Monroe County SHIP Department will conduct an initial review of the request for processing of funds and may request additional documentation prior to submission to the Monroe County Clerk of Courts.

Section 2 – Applicant and Project Information Please provide the requested information. All non-profit entities and for-profit entities are required to include a current Sunbiz for verification of authority. All governmental entities are required to include a letter of authority or other equivocal documentation.

Include the Project or Property’s full name, address, and the total number of units within the subject property. Include the key/island name that the project is located on.

Section 3 – Cover Letter, Narrative, Units Assisted, and Income Targeting Provide a narrative describing your organization’s history, mission, and experience relevant to aƯordable housing development, rehabilitation, or property management. List other aƯordable rental projects that your organization has been involved in and what the involvement included.

Also include reference to all leveraged funds and which portion of the overall project the leveraged funds are used for or intended to be used for. Include a full timeline with all milestones and an estimated date of completion. Provide the amount of units that will be served with the overall rehabilitation project and the amount of units SHIP funds will assist. Provide all expected outcomes and justification for the need of SHIP funds.

Provide the total amount of units that the requested SHIP funds will be utilized for within the selected priority.

All applicants must provide a complete and accurate budget for their aƯordable rental rehabilitation project. This budget must include: 1. Complete list of all funding sources and uses of the specific funding;

2. Identify SHIP funds and all leveraged sources (other non-SHIP funds); 3. Include documentation verifying all committed or pending funds; 4. Show that total sources equals total uses; and 5.

Demonstrate that all costs are reasonable. If a complete and accurate budget is not included, this application will not be considered for funding.

Applicants are required to submit the completed Due Diligence Cost Estimates Forms. No lump-sum, turnkey, or un-itemized cost estimates will be accepted. Failure to submit the Cost Estimate Forms will result in your application being disqualified.

Section 4 – Sponsor Preference Criteria Per the LHAP: priority will be given to those sponsors who demonstrate innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance, rehabilitation of existing homes to greatly reduce the carbon footprint of building new homes; installation of storm shutters and high impact windows and doors; use of recycled construction materials; installation of new energy saving rated appliances; etc.

Section 5 – Special Needs Priority Provide whether the project reserves units for or commits to serving Special Needs households as defined in Florida Statue 420.0004(13).

The prioritization of Special Needs Recipients reflects a program-wide eƯort as required by Florida Statute dictating how SHIP funds must be spent. This does not alter the priority ranking system for Strategy E: AƯordable Rental Rehabilitation (or Construction).

Section 6 – Priority Evaluation Detail (directly from the governing LHAP) Complete only the application that corresponds to the priority that funds are being requested through.

Priority #1 relates to the funding of assisted housing units. Florida Statute 420.9071(5) defines “assisted housing” as shown below:

Provide the requested amount of SHIP assistance per assisted unit. The maximum allowable award under the governing LHAP is $40,000 per unit. If your request exceeds this amount, the request will be reduced to the maximum SHIP award per unit according to the governing LHAP.

Note: The tiebreaker within each priority will be the lowest SHIP award per unit cost.

Section 7 – Sponsor / Developer Questions Explain your capacity to manage rehabilitation projects and meet SHIP requirements. Include any current practices for aƯordable rental projects and properties within Monroe County, Florida.

Describe your experience conducting SHIP income qualification and maintaining eligibility requirements.

Section 8 – SHIP Terms Certification

1.8.1 SHIP-FHFC Limits Attestation Form

Applicant acknowledges and agrees that in order to receive reimbursement for funding pertaining to this application, the Applicant must abide by the requirements for maximum income limits and maximum rental limits as set forth by the Florida Housing Finance Corporation.

Applicant understands that these requirements are the current 2026 tables and these tables are updated annually. Applicant understands and acknowledges that the Applicant is required to monitor tenant incomes and rental unit prices and annually report to the Monroe County SHIP Program.

1.8.3 SHIP Multi-family Attestation Form

Applicant acknowledges and agrees that in order to receive reimbursement for funding pertaining to this application, the Applicant must agree to terms and conditions as presented through the Mortgage, Promissory Note, Rental Monitoring Agreement, and Land Use Restriction Agreement (LURA). The applicant shall acknowledge the SHIP Funded Strategy herein.

Applicant must agree to a Land Use Restriction Agreement (LURA) for a minimum term of fifteen (15) years. The LURA shall set forth rental housing restrictions necessary for the SHIP-funded project.

1.1.1

Are you applying for a Priority #2 — Rehabilitation of existing affordable rental units project?

Each selected priority will be evaluated independently under the LHAP criteria and incorporated into the weighted scoring system. If you intend to apply for more than one Priority, you must submit a separate application for each priority for which you intend to apply.

1.2.1

Applicant Type (select one):

-Non-Profit entities must upload their current Sunbiz for verification in the Required Documents section of the application.

-For-profit entities must upload their current Sunbiz for verification in the Required Documents section of the application.

-Public/Local Government entities must upload a letter of authority or other equivocal documentation in the Required Documents section of the application.

1.2.2 Legal Entity Name: -

1.2.3 Authorized Representative: -

1.2.4 Title: -

1.2.5 Email: -

1.2.6 Phone: -

1.2.7 Project or Property Name: -

SECTION 1 — Priority Selection & Scoring Notice

SECTION 2 — Applicant & Project Information

SHIP Application Priority 2 – Rehabilitation of Existing Affordable Rental Units

1.2.9 Total number of units in the property: -

1.3.1 Provide a narrative describing your organization’s history, mission, and experience relevant to affordable housing development, rehabilitation, or property management.

1.3.2 Provide a narrative describing the proposed affordable rental rehabilitation project, including scope of work, intended use of SHIP funds, leveraged funds, timeline, units served, expected outcomes, and justification of need.

1.3.3 Total number of units to be assisted with SHIP funds: -

1.3.4

Have you uploaded a complete and accurate budget that:

•Lists all funding sources and uses •Identifies SHIP funds and all leveraged sources from non-SHIP sources •Includes documentation for committed or pending funds •Shows that total sources equal total uses •Demonstrates that all costs are reasonable

1.3.5 Have you uploaded the Due Diligence Cost Estimates Form (Required)- Lump-sum, turnkey, or unitemized cost estimates will not be accepted.

1.4.1 Does this project demonstrate elements of Innovative Design?

Explanation (Required, if yes):

1.4.2 Does this project demonstrate elements of Green Building Principles?

(Required, if yes):

SECTION 3 — Cover Letter, Narrative, Units Assisted, & Income Targeting

SECTION 4 — Sponsor Preference Criteria

1.4.3 Does this project demonstrate elements of Storm-resistant construction?

Explanation (Required, if yes):

1.4.4 Does this project demonstrate other elements that reduce long term costs relating to maintenance, utilities, or insurance. Explanation (Require, if yes)

1.5.1

Does this project reserve units for or commit to serving, Special Needs households as defined in s. 420.0004(13), F.S.?

If yes, number of Special Needs units committed: ______ -By selecting "Yes" and indicating the number of units reserved or committed to serving Special Needs Households, as defined in s. 420.0004(13), F.S., in Section 1.5.1, the applicant acknowledges that the requested funds will be used for units reserved or committed to serve Special Needs Households and will comply with all reporting requirements under the Rental Monitoring Agreement.

-This reflects a program-wide LHAP requirement and does not alter Strategy E priority ranking

1.6.1 Proposed affordability period (# of years with a 15 year minimum requirement): -

1.6.2 Serving very low-income tenants:

1.6.3 Serving substantially(%) very low-income tenants: Units:____%_____

1.6.4 Serving low-income tenants:

1.6.5 Serving substantially(%) low-income tenants: Units:____%_____

SECTION 6 — Priority Evaluation Detail (LHAP)

SECTION 5 — Special Needs Priority (LHAP Program-Wide Requirement)

1.6.6 Serving moderate-income tenants:

1.6.7 The tiebreaker within Priority #2 shall be the lowest SHIP per unit cost.

1.7.1 Explain your capacity to manage rehabilitation projects and meet SHIP requirements.

1.7.2 Describe your experience conducting SHIP income qualification and maintaining eligibility requirements.

1.8.1

By acknowledging, the applicant certifies agreement with all SHIP program requirements:

Including, but not limited to, the following requirements as set forth by the

LHAP:

Deferred payment loan secured by note & mortgage 0% interest (non-profit) / 3% interest (for-profit) Fifteen (15) year term Forgiveness for non-profit / full repayment for for-profit No repayment if loan remains in good standing Rents may not exceed FHFC limits First right of refusal for eligible nonprofit if sold within 15 years Default triggers full repayment Maximum $40,000 per Unit

1.8.2

By acknowledging, the applicant certifies agreement with all SHIP program requirements:

Including the Recipient/Tenant Selection Criteria as set forth within the LHAP - Eligible residents will be selected on a “First Qualified, First Served” basis

SECTION 7 — Sponsor / Developer Questions

SECTION 8— SHIP Terms Certification

1.8.3

By acknowledging, the applicant certifies agreement with all SHIP program requirements:

Including the entering into a Rental Monitoring Agreement and a Land Use Restriction Agreement with Monroe County for a minimum of fifteen (15) years prior to the disbursement of any SHIP funds awarded under this priority.

32 Questions 0.00% Complete

Priority #2 Instructions

Section 1 - Priority Selection and Scoring Notice Confirm the priority for the project or property you are applying for funds on. These priorities are directly from the Local Housing Assistance Plan (LHAP) governing this funding opportunity. Each selected priority will be evaluated independently under the LHAP criteria and incorporated into the weighted scoring system. If an applicant intends to apply to more than one Priority, the applicant shall submit a separate application for each priority.

The funds being granted through this application are FY 2024-2025, Monroe County SHIP Program must expend these funds prior to June 30th, 2027.

An applicant, who is awarded SHIP funds under this strategy, must prepare all requests for processing of funds to the Monroe County SHIP Department by May 31, 2027. If SHIP funds are not requested by May 31, 2027, then all the SHIP funds not requested will be de-obligated. All unspent funds will revert back to Monroe County SHIP Department, and at that time Monroe County SHIP Department is responsible for expending the funds in a manner consistent with FHFC / SHIP guidelines.

The Monroe County SHIP Department will conduct an initial review of the request for processing of funds and may request additional documentation prior to submission to the Monroe County Clerk of Courts.

Section 2 – Applicant and Project Information Please provide the requested information. All non-profit entities and for-profit entities are required to include a current Sunbiz for verification of authority. All governmental entities are required to include a letter of authority or other equivocal documentation.

Include the Project or Property’s full name, address, and the total number of units within the subject property. Include the key/island name that the project is located on.

Section 3 – Cover Letter, Narrative, Units Assisted, and Income Targeting Provide a narrative describing your organization’s history, mission, and experience relevant to aƯordable housing development, rehabilitation, or property management. List other aƯordable rental projects that your organization has been involved in and what the involvement included.

Also include reference to all leveraged funds and which portion of the overall project the leveraged funds are used for or intended to be used for. Include a full timeline with all milestones and an estimated date of completion. Provide the amount of units that will be served with the overall rehabilitation project and the amount of units SHIP funds will assist. Provide all expected outcomes and justification for the need of SHIP funds.

Provide the total amount of units that the requested SHIP funds will be utilized for within the selected priority.

All applicants must provide a complete and accurate budget for their aƯordable rental rehabilitation project. This budget must include: 1. Complete list of all funding sources and uses of the specific funding;

2. Identify SHIP funds and all leveraged sources (other non-SHIP funds); 3. Include documentation verifying all committed or pending funds; 4. Show that total sources equals total uses; and 5.

Demonstrate that all costs are reasonable. If a complete and accurate budget is not included, this application will not be considered for funding.

Applicants are required to submit the completed Due Diligence Cost Estimates Forms. No lump-sum, turnkey, or un-itemized cost estimates will be accepted. Failure to submit the Cost Estimate Forms will result in your application being disqualified.

Section 4 – Sponsor Preference Criteria

Per the LHAP: priority will be given to those sponsors who demonstrate innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance, rehabilitation of existing homes to greatly reduce the carbon footprint of building new homes; installation of storm shutters and high impact windows and doors; use of recycled construction materials; installation of new energy saving rated appliances; etc.

Section 5 – Special Needs Priority

Strategy E: AƯordable Rental Rehabilitation (or Construction).

Section 6 – Priority Evaluation Detail (directly from the governing LHAP) Complete only the application that corresponds to the priority that funds are being requested through.

Priority #2 relates to the funding of rehabilitation for existing aƯordable rental units.

Under this priority, properties or projects with existing aƯordable rental units are eligible for funding to improve said rental units. Rehabilitation to create new aƯordable rental units are not eligible for funding under this priority.

Priority #2 Applications proposing the rehabilitation of existing aƯordable rental units, shall be ranked according to the following order:

Proposing the longest period of aƯordability Serving very low-income tenants Serving substantially (%) very low-income tenants Serving low-income tenants Serving substantially (%) low-income tenants Serving moderate-income tenants

Provide the requested amount of SHIP assistance per assisted unit. The maximum allowable award under the governing LHAP is $40,000 per unit. If your request exceeds this amount, the request will be reduced to the maximum SHIP award per unit according to the governing LHAP.

Note: The tiebreaker within each priority will be the lowest SHIP award per unit cost.

Section 7 – Sponsor / Developer Questions Explain your capacity to manage rehabilitation projects and meet SHIP requirements. Include any current practices for aƯordable rental projects and properties within Monroe County, Florida.

Describe your experience conducting SHIP income qualification and maintaining eligibility requirements.

Section 8 – SHIP Terms Certification

1.8.1 SHIP-FHFC Limits Attestation Form

Applicant acknowledges and agrees that in order to receive reimbursement for funding pertaining to this application, the Applicant must abide by the requirements for maximum income limits and maximum rental limits as set forth by the Florida Housing Finance Corporation.

Applicant understands that these requirements are the current 2026 tables and these tables are updated annually. Applicant understands and acknowledges that the applicant is required to monitor tenant incomes and rental unit prices and annually report to the Monroe County SHIP Program.

1.8.3 SHIP Multi-family Attestation Form

Applicant acknowledges and agrees that in order to receive reimbursement for funding pertaining to this application, the Applicant must agree to terms and conditions as presented through the Mortgage, Promissory Note, Rental Monitoring Agreement, and Land Use Restriction Agreement (LURA). The applicant shall acknowledge the SHIP Funded Strategy herein.

Applicant must agree to a Land Use Restriction Agreement (LURA) for a minimum term of fifteen (15)

1.1.1

Are you applying for a Priority #3 — Creation of new rental units by rehabilitation project?

Each selected priority will be evaluated independently under the LHAP criteria and incorporated into the weighted scoring system. If you intend to apply for more than one Priority, you must submit a separate application for each priority for which you intend to apply.

1.2.1

Applicant Type (select one):

-Non-Profit entities must upload their current Sunbiz registration in the Required Documents section of the application.

-For-profit entities must upload their current Sunbiz registration in the Required Documents section of the application.

-Public/Local Government entities must upload a letter of authority or other equivocal documentation in the Required Documents section of the application.

1.2.2 Legal Entity Name: -

1.2.3 Authorized Representative: -

1.2.4 Title: -

1.2.5 Email: -

1.2.6 Phone: -

1.2.7 Project or Property Name: -

SECTION 1 — Priority Selection & Scoring Notice

SECTION 2 — Applicant & Project Information

SHIP Application Priority 3 – Creation of New Rental Units by Rehabilitation

1.2.9 Total number of units in the property: -

1.3.1 Provide a narrative describing your organization’s history, mission, and experience relevant to affordable housing development, rehabilitation, or property management.

1.3.2 Provide a narrative describing the proposed affordable rental rehabilitation project, including scope of work, intended use of SHIP funds, leveraged funds, timeline, units served, expected outcomes, and justification of need.

1.3.3 Total number of units to be assisted with SHIP funds: -

1.3.4

Have you uploaded a complete and accurate budget that:

•Lists all funding sources and uses •Identifies SHIP funds and all leveraged sources from non-SHIP sources •Includes documentation for committed or pending funds •Shows that total sources equal total uses •Demonstrates that all costs are reasonable

1.3.5 Have you uploaded the Due Diligence Cost Estimates Form (Required)- Lump-sum, turnkey, or unitemized cost estimates will not be accepted.

1.4.1 Does this project demonstrate elements of Innovative Design?

Explanation (Required, if yes):

1.4.2 Does this project demonstrate elements of Green Building Principles?

(Required, if yes):

SECTION 3 — Cover Letter, Narrative, Units Assisted, & Income Targeting

SECTION 4 — Sponsor Preference Criteria

1.4.3 Does this project demonstrate elements of Storm-resistant construction?

Explanation (Required, if yes):

1.4.4 Does this project demonstrate other elements that reduce long term costs relating to maintenance, utilities, or insurance. Explanation (Require, if yes):

1.5.1

Does this project reserve units for or commit to serving, Special Needs households as defined in s. 420.0004(13), F.S.?

If yes, number of Special Needs units committed: ______ -By selecting "Yes" and indicating the number of units reserved or committed to serving Special Needs Households, as defined in s. 420.0004(13), F.S., in Section 1.5.1, the applicant acknowledges that the requested funds will be used for units reserved or committed to serve Special Needs Households and will comply with all reporting requirements under the Rental Monitoring Agreement.

-This reflects a program-wide LHAP requirement and does not alter Strategy E priority ranking

1.6.1 Proposed affordability period (# of years with a 15 year minimum requirement): -

1.6.2 Serving very low-income tenants:

1.6.3 Serving substantially(%) very low-income tenants: Units:____%_____

1.6.4 Serving low-income tenants:

1.6.5 Serving substantially(%) low-income tenants: Units:____%_____

SECTION 5 — Special Needs Priority (LHAP Program-Wide Requirement)

SECTION 6 — Priority Evaluation Detail (LHAP)

1.6.6 Serving moderate-income tenants:

1.6.7 The tiebreaker within Priority #2 shall be the lowest SHIP per unit cost.

1.7.1 Explain your capacity to manage rehabilitation projects and meet SHIP requirements.

1.7.2 Describe your experience conducting SHIP income qualification and maintaining eligibility requirements.

1.8.1

By acknowledging, the applicant certifies agreement with all SHIP program requirements:

Including, but not limited to, the following requirements as set forth by the

LHAP:

Deferred payment loan secured by note & mortgage 0% interest (non-profit) / 3% interest (for-profit) Fifteen (15) year term Forgiveness for non-profit / full repayment for for-profit No repayment if loan remains in good standing Rents may not exceed FHFC limits First right of refusal for eligible nonprofit if sold within 15 years Default triggers full repayment Maximum $40,000 per Unit

1.8.2

By acknowledging, the applicant certifies agreement with all SHIP program requirements:

Including the Recipient/Tenant Selection Criteria as set forth within the LHAP - Eligible residents will be selected on a “First Qualified, First Served” basis

SECTION 7 — Sponsor / Developer Questions

SECTION 8— SHIP Terms Certification

1.8.3

By acknowledging, the applicant certifies agreement with all SHIP program requirements:

Including the entering into a Rental Monitoring Agreement and a Land Use Restriction Agreement with Monroe County for a minimum of fifteen (15) years prior to the disbursement of any SHIP funds awarded under this priority.

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Priority #3 Instructions

Section 1 - Priority Selection and Scoring Notice Confirm the priority for the project or property you are applying for funds on. These priorities are directly from the Local Housing Assistance Plan (LHAP) governing this funding opportunity. Each selected priority will be evaluated independently under the LHAP criteria and incorporated into the weighted scoring system. If an applicant intends to apply to more than one Priority, the applicant shall submit a separate application for each priority.

The funds being granted through this application are FY 2024-2025, Monroe County SHIP Program must expend these funds prior to June 30th, 2027.

An applicant, who is awarded SHIP funds under this strategy, must prepare all requests for processing of funds to the Monroe County SHIP Department by May 31, 2027. If SHIP funds are not requested by May 31, 2027, then all the SHIP funds not requested will be de-obligated. All unspent funds will revert back to Monroe County SHIP Department, and at that time Monroe County SHIP Department is responsible for expending the funds in a manner consistent with FHFC / SHIP guidelines.

The Monroe County SHIP Department will conduct an initial review of the request for processing of funds and may request additional documentation prior to submission to the Monroe County Clerk of Courts.

Section 2 – Applicant and Project Information Please provide the requested information. All non-profit entities and for-profit entities are required to include a current Sunbiz for verification of authority. All governmental entities are required to include a letter of authority or other equivocal documentation.

Include the Project or Property’s full name, address, and the total number of units within the subject property. Include the key/island name that the project is located on.

Section 3 – Cover Letter, Narrative, Units Assisted, and Income Targeting Provide a narrative describing your organization’s history, mission, and experience relevant to aƯordable housing development, rehabilitation, or property management. List other aƯordable rental projects that your organization has been involved in and what the involvement included.

Also include reference to all leveraged funds and which portion of the overall project the leveraged funds are used for or intended to be used for. Include a full timeline with all milestones and an estimated date of completion. Provide the amount of units that will be served with the overall rehabilitation project and the amount of units SHIP funds will assist. Provide all expected outcomes and justification for the need of SHIP funds.

Provide the total amount of units that the requested SHIP funds will be utilized for within the selected priority.

All applicants must provide a complete and accurate budget for their aƯordable rental rehabilitation project. This budget must include: 1. Complete list of all funding sources and uses of the specific funding;

2. Identify SHIP funds and all leveraged sources (other non-SHIP funds); 3. Include documentation verifying all committed or pending funds; 4. Show that total sources equals total uses; and 5.

Demonstrate that all costs are reasonable. If a complete and accurate budget is not included, this application will not be considered for funding.

Applicants are required to submit the completed Due Diligence Cost Estimates Forms. No lump-sum, turnkey, or un-itemized cost estimates will be accepted. Failure to submit the Cost Estimate Forms will result in your application being disqualified.

Section 4 – Sponsor Preference Criteria Per the LHAP: priority will be given to those sponsors who demonstrate innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance, rehabilitation of existing homes to greatly reduce the carbon footprint of building new homes; installation of storm shutters and high impact windows and doors; use of recycled construction materials; installation of new energy saving rated appliances; etc.

Section 5 – Special Needs Priority

Strategy E: AƯordable Rental Rehabilitation (or Construction).

Section 6 – Priority Evaluation Detail (directly from the governing LHAP) Complete only the application that corresponds to the priority that funds are being requested through.

Priority #3 relates to the funding of rehabilitation or construction to create new aƯordable rental units.

Under this priority, the rehabilitation of existing aƯordable rental units are not eligible for funding.

Priority #3 Applications proposing the creation of new aƯordable rental units by construction or rehabilitation, shall be ranked according to the following order:

Proposing the longest period of aƯordability Serving very low-income tenants Serving substantially (%) very low-income tenants Serving low-income tenants Serving substantially (%) low-income tenants Serving moderate-income tenants

Provide the requested amount of SHIP assistance per assisted unit. The maximum allowable award under the governing LHAP is $40,000 per unit. If your request exceeds this amount, the request will be reduced to the maximum SHIP award per unit according to the governing LHAP.

Note: The tiebreaker within each priority will be the lowest SHIP award per unit cost.

Section 7 – Sponsor / Developer Questions Explain your capacity to manage rehabilitation projects and meet SHIP requirements. Include any current practices for aƯordable rental projects and properties within Monroe County, Florida.

Describe your experience conducting SHIP income qualification and maintaining eligibility requirements.

Section 8 – SHIP Terms Certification

1.8.1 SHIP-FHFC Limits Attestation Form

Applicant acknowledges and agrees that in order to receive reimbursement for funding pertaining to this application, the Applicant must abide by the requirements for maximum income limits and maximum rental limits as set forth by the Florida Housing Finance Corporation.

Applicant understands that these requirements are the current 2026 tables and these tables are updated annually. Applicant understands and acknowledges that the applicant is required to monitor tenant incomes and rental unit prices and annually report to the Monroe County SHIP Program.

1.8.3 SHIP Multi-family Attestation Form

Applicant acknowledges and agrees that in order to receive reimbursement for funding pertaining to this application, the Applicant must agree to terms and conditions as presented through the Mortgage, Promissory Note, Rental Monitoring Agreement, and Land Use Restriction Agreement (LURA). The applicant shall acknowledge the SHIP Funded Strategy herein.

Applicant must agree to a Land Use Restriction Agreement (LURA) for a minimum term of fifteen (15)

1.8.1 SHIP/FHFC Limits Attestation Form

I, ______________________________, as an authorized representative of _________________

______________________, understand that I am applying for funding from the Monroe County State

Housing Initiative Partnership (SHIP) Program under the Affordable Rental Construction and

Rehabilitation Strategy per the priority selected within my submitted application. In order to receive funding from Monroe County I must abide by the following requirements for maximum income limits and maximum rental limits as set forth by the Florida Housing Finance Corporation.

I acknowledge that the above tables are the current 2026 maximum limits and that these tables are updated annually. I acknowledge that I am required to monitor tenant incomes and rental unit prices and report both annually to the Monroe County SHIP Program.

By signing below, I acknowledge and attest to abide by the requirements within this SHIP Strategy as shown above.

Signature Print Name Date Official Capacity

1.8.3 SHIP Multi-Family Attestation Form

I, ______________________________, as an authorized representative of _________________

______________________, understand that I am applying for funding from the Monroe County

State Housing Initiative Partnership (SHIP) Program under the Affordable Rental Construction and Rehabilitation Strategy per the priority selected within my submitted application. In order to receive funding from Monroe County I must abide by the following requirements as set forth in the Local Housing Assistance Plan (LHAP) governing this funding availability.

By signing below, I acknowledge and attest to abide by the requirements within this SHIP Strategy as shown above.

Signature Print Name Date Official Capacity

THIS INSTRUMENT PREPARED

BY AND RETURN TO:

Jeni-Lee MacLaughlin County Attorney’s Office P.O. Box 1026 Key West, FL 33041-1026

LAND USE RESTRICTION AGREEMENT

PROJECT NAME

PROPERTY ADDRESS

PARCEL ID NUMBER _________-______

THIS LAND USE RESTRICTION AGREEMENT (hereinafter "Agreement") is made and entered into as of the ____ day of ______________, 202_, between the (hereinafter “Grantor”) and MONROE COUNTY, FLORIDA (hereinafter "County"), and their respective successors and assigns.

RECITALS

WHEREAS, This Agreement pertains to a portion of real property located in ___________, Florida bearing Parcel Identification Number _________-_______, identified as “___________________” and including __________(__) units, as more particularly described in Exhibit “A’ attached hereto and incorporated herein (the “Property”).

WHEREAS, Through the County’s State Housing Initiatives Partnership (SHIP) Program, the County approved funding for ______________________________________________________ for the purpose of rehabilitating the Property.

WHEREAS, the County has agreed under certain conditions to issue a deferred forgivable/repayable loan using SHIP funds to provide financing for the (rehabilitation) preservation of affordable rental housing for very low-, low-, and moderate-income persons located at ________________________________________________ ____________, Florida _____.

WHEREAS, in addition to any other requirements the County may impose incident to its mortgage, the Owner has agreed that all housing units shall be leased, rented, or made available on a continuous basis for rental to very low-, low-, and moderate-income persons as described in Article 1.2 of this Agreement.

WHEREAS, this Land Use Restriction is intended to ensure that the property be used in accordance with the SHIP program.

NOW, THEREFORE, in consideration of the mutual covenants and undertakings set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the County and Grantor do hereby contract and agree as follows:

AGREEMENT

ARTICLE I. RENTAL HOUSING RESTRICTIONS

1.1 Occupancy

One hundred percent (100%) of the rental housing units on the property must be set-aside for occupants who upon initial occupancy of the units must have annual gross incomes equal to or below eighty percent (80%) for the Monroe County, Metropolitan Statistical Area (MSA), as determined by the U.S. Department of Housing and Urban Development (HUD) on an annual basis.

1.2 Income/Eligibility

The Grantor shall determine and verify the income eligibility of tenants in accordance with HUD Section 8 housing assistance programs in 24 CFR Part 5 for the Project.

Income shall be calculated by annualizing verified sources of income for the household as the amount of income to be received by a household, during the 12 months, following the effective date of the determination. The Annual Gross Income, as defined in Section 420.9071(4), F.S., must be used and the SHIP Program income limits cannot be exceeded. The Owner shall maintain complete and accurate income records pertaining to each tenant occupying a unit on the property. Onsite inspection as will be conducted annually upon reasonable prior written notice to verify compliance with tenant income, rents, and the minimum property standards as stated in Section 420.907-420.9079, Florida Statutes and Rule 67-37, Florida Administrative Code, as they may be amended from time to time.

1.3 SHIP Affordability

All housing units are subject to affordability limits established for SHIP assisted rental units on an annual basis.

1.4 Long-term Affordability

The SHIP funds are subject to recapture during the affordability period if the property is sold, transferred, etc. If the property is offered for sale prior to the end of the affordability period, the Property shall be subject to the right of first refusal for purchase at the current market value minus the grant award by eligible nonprofit organizations that would provide continued occupancy by 80% and below AMI tenants. The County shall have ninety (90) days from the date of notification of intent to sell to identify an eligible non-profit.

1.5 Housing Standards

Rental Units assisted with SHIP funds shall be maintained in compliance with local building code requirements for the duration of the affordability period. The Owner shall cooperate with the County by allowing annual on-site inspections of SHIP assisted units for compliance with local code requirements.

ARTICLE II. CONSIDERATION

The County has authorized a deferred forgivable/repayable loan to the Owner as an inducement to the Owner to operate the units in the Project for the benefit of low-income households whose incomes are equal to or less than eighty percent (80%) of median annual gross income for the Monroe County, Metropolitan Statistical Area (MSA), as determined by the US Department of Housing and Urban Development (HUD) on an annual basis, for a period of fifteen (15) years following completion of the Project. In consideration of the issuance of the loan by the County for the foregoing purposes, the County and Owner have entered into this Agreement.

ARTICLE III. RELIANCE

In performing its duties hereunder, the County may rely upon statements and certifications of the Owner, believed to be genuine and to have been executed by the proper person or persons, and upon audits of the books and records of the Owner pertaining to occupancy of the Project. In addition, the Florida Housing Finance Corporation may consult with counsel, and the opinion of such counsel shall be full and complete authorization and protection with respect to any action taken or suffered by the County in good faith and in conformity with the opinion of such counsel.

The Owner may rely upon certification of low-income households reasonably believed to be genuine and to have been executed by the proper person or persons.

ARTICLE IV. TERM

This Agreement shall become effective upon its execution and shall remain in full force and effect for a period of fifteen (15) years from the date of the completion of the rehabilitation of the Project as confirmed by final inspection by the building department and/or issuance of a final certification of occupancy.

ARTICLE V. INSURANCE

The Owner shall insure the property for the full replacement cost for the duration of the Land Use Restriction Agreement. Any such policy must be issued by a company acceptable to the County, include the County as an additional insured and provide for at least thirty (30) days’ notice prior to cancellation.

ARTICLE VI. DAMAGE, DESTRUCTION OF THE PROJECT

Subject to the superior rights…