Attachment_B_-_Local_Government_Area_of_Opportunity_Form.pdf
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- Solicitation number
- 26-P-91MC
- Issued by
- Volusia County, Florida
About this file
This is a Local Government Area of Opportunity Funding Form issued by the Florida Housing Finance Corporation (FHFC) in conjunction with the County of Volusia, Department of Community Services, Division of Community Assistance. The form documents a local government's commitment to provide financial assistance for a proposed affordable, multi-family rental housing development. The development must be located within unincorporated Volusia County, excluding the incorporated cities of Daytona Beach and Deltona, and must be approved for Housing Credits financing through FHFC Request for Applications (RFA) 2026-201. The applicant project must provide ten SHIP-assisted units serving very low-income households at 50% or less of Area Median Income, with rents restricted to the more restrictive of SHIP or Low-Income Housing Tax Credit rates published by FHFC. The units will be deed-restricted for occupancy by very low-income residents for a minimum of fifty years.
Volusia County is committing $460,000 in State Housing Initiatives Partnership Program (SHIP) funds available as a local government contribution, which will be structured as a 50-year deferred, forgivable loan with 0% interest. The funding amount may be adjusted if the developer receives other local government contributions toward the $460,000 requirement. Award of these funds is contingent upon the applicant's project being selected and approved for Housing Credits financing through RFA 2026-201; if no Volusia County projects are selected through this RFA, the conditional awards become void and funds will be reallocated to other affordable housing activities. The Local Government Verification of Contribution form must be signed by an authorized official such as the Mayor, City Manager, County Manager, or Board of County Commissioners Chairperson, and the certification is valid for nine months from the date of signature.
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Text version
(Form Rev. 03-2025)
Florida Housing Finance Corporation Local Government Area Of Opportunity Funding Form
Name of Development: ________________________________________________________________________________
Development Location: ________________________________________________________________________________ (At a minimum, provide the address number, street name and city, and/or provide the street name, closest designated intersection and either the city (if located within a city) or county (if located in the unincorporated area of the county). If the Development consists of Scattered Sites, the Development Location stated above must reflect the Scattered Site where the Development Location Point is located.)
The city/county of ____________________________ commits $__________________ as a cash grant and/or commits $__________________ as a cash loan to the Applicant for its use solely for assisting the proposed Development referenced above.
Acknowledgements The contribution is intended to be a Local Government Area of Opportunity Contribution for use in RFA _______________, making this Development potentially eligible for the Local Government Area of Opportunity Goal.
The city/county stated above acknowledges that the RFA allows each city and county to contribute funding in the form of a cash loan and/or cash grant to a maximum of one Development. The city/county stated above has contributed Local Government Area of Opportunity funding only for the above-named Development and has not contributed Local Government Area of Opportunity to any other Development competing in this same RFA.
I have read and understand the Local Government Area of Opportunity qualifications of the above referenced RFA, which includes understanding that the city/county stated above may receive lower preference for the Local Government Area of Opportunity Goal in a future corresponding RFA for up to two years.
No consideration or promise of consideration has been given with respect to the loan or grant. For purposes of the foregoing, the promise of providing affordable housing does not constitute consideration. The commitment for this loan or grant must be effective as of the Application Deadline for the applicable RFA and is provided specifically with respect to the proposed Development.
Certification The contribution stated above is for the Applicant’s use and is solely for assisting the proposed Development referenced above. I certify that the foregoing information is true and correct, and that this commitment is effective at least through the date required in the applicable RFA.
Signature Print or Type Name
Print or Type Title Date Signed - This form is valid for nine months from this date.
NOTE TO LOCAL GOVERNMENT OFFICIAL: Additional information is set forth in the applicable Request for Application under which the Applicant is applying for funding for the above referenced Development.
This certification must be signed by the chief appointed official (staff) responsible for such approvals, such as the Mayor, City Manager, County Manager /Administrator/Coordinator, Chairperson of the City Council/Commission or Chairperson of the Board of County Commissioners. If the contribution is from a Land Authority organized pursuant to Chapter 380.0663, Florida Statutes, this certification must be signed by the Chair of the Land Authority. One of the authorized persons, as described above may sign this form for certification of state, federal or Local Government funds initially obtained by or derived from a Local Government that is directly administered by an intermediary such as a housing finance authority, a community reinvestment corporation, or a state-certified Community Housing Development Organization (CHDO). Other signatories are not acceptable. The Applicant will not receive credit for this contribution if the certification is improperly signed. The amount of the contribution stated on this form must be a precise dollar amount and cannot include words such as estimated, up to, maximum of, not to exceed, etc.
If there are alterations made to this form that change the meaning of the form, the form will not be accepted.
| Name of Development: |
| Development Location: |
| RFA No: |
| Local Government: |
| LG cont form Name: |
| LG cont form title: |
| LG cont form date: |
| LGAO loan: |
| LGAO grant: |
File details come from the government source that posted it. Updated .