Bill Type and
Number: Ordinance 2007-211
Sponsor: Council President at the Request of the Mayor
Date of
Introduction: February 27, 2007
Committee(s)
of Reference: F; ECID
Date of
Analysis: March 1, 2007
Type of
Action: Appropriation
Bill Summary: This bill appropriates $4,414,027.57 from the
Jacksonville Housing Commission’s State Housing Initiatives Partnership (SHIP)
Housing Assistance Administration/Transfers from Fund Balance. Provision is made for the carryover of
appropriated funds through the State fiscal year 2008-2009. Provision is also made for the transfer of
all of the unused or unencumbered balance of the Local Housing Assistance
Plan’s SHIP Housing Rental Rehabilitation/Trust Fund Authorized Expenditures as
of September 30, 2007, to said plan’s SHIP Owner-Occupied Rehabilitation for
Targeted Area Neighborhoods account.
Background
Information: This will appropriate accumulated SHIP
program income to expend available resources for the SHIP Homeowner
Construction Pool/Trust Fund Authorized Expenditures Program ($431,250), for
SHIP Housing Rental Rehabilitation Trust Fund Authorized Expenditures
($3,880,900), and for Local Housing Assistance Plan Housing Assistance
Administration/Trust Fund Authorized Expenditures ($101,877.57) for administration
of said plan’s programs.
Policy Impact
Area: Affordable Housing
Fiscal Impact: $4,414,027.57 is appropriated by this
ordinance
Analyst: