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 of funds to support an affordable, multi-family rental housing development project located in unincorporated Volusia County, excluding the incorporated cities of Daytona Beach and Deltona. The county has committed $460,000 in State Housing Initiatives Partnership Program (SHIP) funds available as a loan for one eligible development project. The funding commitment must be effective as of the application deadline for RFA 2026-201 and is contingent upon the applicant's project being approved for Housing Credits financing through that same RFA. The form requires certification by the chief appointed official responsible for such approvals, including the County Manager, County Administrator, or Chairperson of the Board of County Commissioners, and is valid for nine months from the date of signature.
The loan will be structured as a 50-year deferred, forgivable loan with zero percent interest. The awarded project must provide a minimum of ten SHIP-assisted units serving very low-income households at or below 50 percent of Area Median Income, adjusted for family size, with rents not exceeding SHIP or Low-Income Housing Tax Credits rent limits as published annually by FHFC, whichever is more restrictive. Units will be deed-restricted for occupancy by very low-income residents for a period of not less than fifty years. The contribution amount must be stated as a precise dollar figure without conditional language such as "estimated," "up to," or "maximum of." Conditional awards will be voided if no Volusia County projects are selected through RFA 2026-201, resulting in reallocation of funds to other affordable housing activities. A written rental development agreement and related loan documents will be negotiated and approved by the Volusia County Council for any project ultimately selected for funding.
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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 .