Notice of Availability
State Housing Initiatives Partnership (SHIP) Annual Report
For FY 2016-17, 2017-18 and 2018-19
The City of Boca Raton hereby informs the community that the SHIP Annual Report for FY 2016-17, 2017-18 and 2018-19 is available for public review from August 22, 2019 to September 6, 2019 from 8:00 am to 5:00 pm weekdays in the Community Improvement Division of the Development Services Department, 201 W. Palmetto Park Road, Room 220, Boca Raton, FL 33432, 561-393-7797 (561-367-7043 for the hearing impaired). Written public comments must be received by 5:00 pm on September 6, 2019, and must identify the author by name, address and interest affected. The City will attach any written comments and its response to the annual report. This notice and the documents listed above may be requested in an alternative format by contacting the Community Improvement Division.
City of Boca Raton
State Housing Initiatives Partnership Program
The City of Boca Raton is projected to receive $128,901 from the State of Florida for Fiscal Year 2019-20 to implement the State Housing Initiatives Partnership (SHIP) Program. State regulations require: 1) that at least 65% of SHIP funds must be reserved for homeownership programs; 2) that at least 75% of the total SHIP allocation must be spent on properties that either have been rehabilitated during the past 12 months or are in need of rehabilitation; and 3) mandatory set asides for very low- and low-income households, and persons with special needs (as defined in Florida Statute). In accordance with the City's 2019-22 Local Housing Assistance Plan (LHAP), the maximum housing value limitation for all strategies is $320,855. Approved SHIP program strategies include Purchase Assistance and Disaster Relief.
In anticipation of receipt of 2019-20 funds, the City will begin accepting new applications for all funded strategies on October 1, 2019. Applications will be accepted on an ongoing basis, pending the availability of funding, until further notice. Eligible applicants will be served on a first-qualified, first-served basis, and may be placed on a wait list pending availability of funding. Priority will be given to special needs households, very low-income households, and low-income households to satisfy set-aside requirements for 2019-20 funding. Applications for a limited amount of prior year funding are still being accepted on an ongoing basis. Current income limits are provided in the City's current SHIP application package.