Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Resiliency Finance topic
No spam. Unsubscribe anytime.
Monroe County staff proposes hardship-deferral for neighborhood-assessment program to keep low-income residents in place
Summary
County staff proposed adding a financial hardship deferral to the residential neighborhood improvements/MSBU framework that would defer—not waive—special assessments for qualifying very-low-income property owners until sale or until county funding stops.
Get email alerts on the Resiliency Finance topic
No spam. Unsubscribe anytime.
Monroe County staff outlined a proposed financial-hardship deferral program Dec. 10 as part of a broader Residential Neighborhood Improvements program that would allow neighborhoods to request projects funded through municipal-service benefit units (MSBUs) and special assessments.
Rhonda, the staff presenter, told the commissioners: “So this is not a waiver of the assessment. It's a deferral,” and went on to describe that the county would place a lien on qualifying properties and pay that annual assessment while the program is funded. Staff said the deferral would accrue on the property and would be collected when the property sells; the county would decide annually whether to fund the program and it would not create a continuing entitlement for applicants.
Staff proposed starting with the very-low-income category for eligibility and provided example thresholds as presented to the board (the slide listed approximately $45,650 for a one-person household up to $65,150 for a four-person household and numbers to higher household sizes). Commissioners asked staff for data on how many households could qualify and for options to consider ‘low’ versus ‘very low’ income bands. Several commissioners supported refining eligibility to avoid unexpected fiscal exposure and asked staff to return with counts, likely costs and program limits before any final ordinance.
