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Osceola County Housing Finance Authority

Special District Reporting Information

Section 189.069, Florida Statutes


Legal Name:  Osceola County Housing Finance Authority (the “Authority” / Osceola HFA”)


Purpose: The Authority was created pursuant to Osceola County Ordinance No. 81-4 for the purpose of alleviating a shortage of housing and providing capital for investment in housing in Osceola County.


Board: The Authority is governed by five members all of which are appointed by the Board of County Commissioners of Osceola County, Florida. Pursuant to Section 159.605, Florida Statutes, not less than a majority of the board members must be knowledgeable in one of the following fields: labor, finance, or commerce. Terms of the board members are four (4) years, but members hold office until their successor has been appointed and qualified. Board members receive no compensation for their services, but are entitled to necessary expenses, including travel expenses, incurred in the discharge of their duties.

Current members of the Board are:

Member

Position

Term

Email

Mr. Duane “Rocky” Owen

Chair

December 31, 2017

Duane.Owen@osceola.org

Mr. Gene Moore

Vice Chair

December 31, 2020

Gene.Moore@osceola.org

Ms. Karen Giel

Board Member

December 31, 2020

Karen.Giel@osceola.org

Mr. Casmore Shaw

Board Member

December 31, 2018

Casmore.Shaw@osceola.org

Simona Torres

Board Member

December 31, 2017

Simona.Torres@osceola.org

*There is currently one vacancy on the Board.


Fiscal Year:  The fiscal year of the Authority is October 1 through September 30 of each year.


Creation Document (Charter):  The Authority was created pursuant to Osceola County Ordinance No. 81-4 in accordance with the Florida Housing Finance Authority Law set forth in Part IV of Chapter 159, Florida Statutes.


Mailing Address:  Osceola County Finance Authority, c/o Osceola County Attorney, 1 Courthouse Square, Suite 4200, Kissimmee, FL 34741. The telephone number is (407) 742-2299. The website is located at http://www.osceola.org/go/ochfa.


Boundaries: The Authority operates primarily within the geographical boundaries of Osceola County, Florida.


Assessments: The Authority has no taxing power and does not collect any taxes or assessments. The Authority does, however, collect a non-fundable $10,000 bond application fee with each bond application and assesses ongoing Issuer and Compliance monitoring fees as required.


Primary Contact:  The contact for the Authority is Jan A. Carpenter, Esq., 111 North Magnolia Avenue, Suite 1400, Orlando, FL, 32801, 407-481-5817, jcarpenter@lseblaw.com, with a copy to Andrew Mai, Esq., Osceola County Attorney, 1 Courthouse Square, Suite 4200, Kissimmee, FL, 34741, 407-742-2200, andrew.mai@osceola.org.


Code of Ethics: Members and officers of the Authority are governed by the general ethics laws of the State of Florida applicable to Public officials, Part III, Chapter 112, Florida Statutes. The Authority has not adopted a separate code of ethics.


Adopted Budget: The Authority's budget is adopted as part of the budget of Osceola County, which is located here.


Audited Financial Statements:  Osceola HFA’s annual financial statements are audited as part of the annual financial statements of Osceola County, Florida. The audited financial statements have not been updated for developments subsequent to the date of the auditors’ report. There should be no assumption that financial conditions or operations of the Authority have not changed since the date of the Statement. The Osceola County Annual Audited Financial Statement, which includes the OCHFA, is available here.