Attachment_D-_Conflict_of_Interest.docx

Attachment D is a Conflict of Interest document related to the County of Volusia's initiative to donate county-owned land for affordable housing development. The county seeks a non-profit organization to construct new affordable housing units on donated land, with a requirement to provide documentation of occupancy within 48 months of executing a written agreement. The project aims to create housing units for households at or below 120% of the area median income (AMI), with at least 51% of units benefiting households at or below 80% AMI.

The affordable housing project will be subject to 50-year affordability restrictions, with rental rates and sales prices governed by Florida Housing Finance Corporation (FHFC) State Housing Initiative Program (SHIP) limits. Eligible households include those with Section 8 assistance, and purchase requirements include specific front-end and back-end debt ratios. The non-profit developer must ensure compliance with state and local codes, obtain necessary permits, meet building standards, and adhere to nondiscrimination policies. The county encourages energy-efficient construction methods and requires periodic reporting on development progress to the Community Assistance Division.