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Res 28-98 RESOLUTION NO. 28-98 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, ADOPTING THE LOCAL HOUSING ASSISTANCE PLAN PURSUANT TO THE STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM AS ATTACHED HERETO; ESTABLISHING A MAXIMUM COST PER UNIT, THE STRATEGIES AND INCENTIVES OF THE PLAN, THE MAXIMUM SHIP FUNDS ALLOWABLE FOR ASSISTANCE, THE MAXI~JM SHIP FUNDS FOR ADMINISTRATIVE EXPENSES; AUTHORIZING THE NECESSARY CERTIFICATIONS BY THE MAYOR AND AUTHORIZING SUBMISSION OF THE PLAN TO THE STATE HOUSING FINANCE CORPORATION; PROVIDING FOR AN EFFECTIVE DATE UPON APPROVAL. WHEREAS, the State of Florida, under specific authority established by the William E. Sadowski Act in July 1992, established the State Housing Initiatives Partnership (SHIP) Program which requires the City to develop a one to three year Local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the Act also requires the adoption of a resolution providing for (1) the maximum and average cost per unit available for eligible housing units; (2) a maximum and average of funds awarded under each strategy; (3) implementation of the strategies and incentives under the plan; (4) establishment of ten percent (10%) of total allocation and five percent (5%) of program income to be spent on administrative costs of the SHIP program. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That the maximum cost per unit for eligible housing assistance awards pursuant to the SHIP Program may not exceed ninety percent (90%) of the median area purchase price for newly constructed units and existing units as established by Revenue Proclamation 94-55, United States Department of Treasury. Section 2. That during the three fiscal years covered under the Plan, the maximum award will be limited to $25,000 for very low, $20,000 for low and $15,000 for moderate income households for purchase assistance; and $25,000 maximum for very low and low income households for owner occupied rehabilitation, specific to the conditions, strategies and eligibility determination under the guidelines of the SHIP Program and this Plan. Section 3. That the City of Delray Beach finds that five percent (5%1 of the Local Housing distribution is insufficient to ade~ately administer the SHIP Program. Therefore, the administrative funding shall increase, but shall not exceed ten percent (10%) as allowed by Title 67 of the Florida Administrative Code, and to include the allowable five percent (5%) of Program Income for additional administrative funding under the SHIP Program. Section 4. That the City of Delray Beach is authorized to submit the Local Housing Assistance Plan to the State Housing Finance Corporation for its review and approval. Section 5. That the Mayor is authorized to execute the certifications required as a part of the Local Housing Assistance Plan on behalf of the City of Delray Beach. Section 6. That this resolution shall become effective immediately upon its passage. PASSED AND ~OPTED in regular session on this the 21st day of April, 1998. ATTEST: ~ Deputy City Clerk - 2 - Res. No. 28-98 MEMORANDUM TO: MAYOR AND CITY COMMISSIONERS 0IT SUBJECT: AGENDA ITEM #/0~- REGULAR MEETING OF APRIL 21, 1998 RESOLUTION NO. 28-98 (STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) LOCAL HOUSING ASSISTANCE PLAN) DATE: APRIL 16, 1998 ITEM BEFORE THE COMMISSION: The purpose of this item is to obtain approval for the adoption of the State Housing Initiatives Partnership (SHIP) Program's Local Housing Assistance Plan for Fiscal Years 1998/99, 1999/2000 and 2000/01 pursuant to Title 67-37 of the Florida Administrative Code by approval of Resolution No. 28-98. BACKGROUND: For the past six years the Community Improvement Department has received housing assistance funds from the SHIP program. SHIP funds are generated from documentary stamp collection throughout the State at the rate of two cents per dollar and are held in the State's Housing Trust Fund. The State requires a Local Housing Assistance Plan be established outlining how the City plans to administer the Local Housing Assistance Program once SHIP funds are received. On February 23, 1993, by Ordinance No. 2-93, the City Commission established a Local Housing Assistance Program, created the Local Housing Trust Fund and created the Affordable Housing Advisory Committee to comply with various sections of Title 67 of the Florida Administrative Code. Community Improvement Department staff have administered the program and under this plan have assisted Delray Beach residents with homeownership and rehabilitation opportunities. Staff and the members of the Affordable Housing Advisory Committee have developed the Local Housing Assistance Program for the next three years. SHIP funds will be used for the following activities: (1) new construction purchase assistance; (2) existing unit purchase assistance; and (3) rehabilitation assistance for owner occupied units. The program anticipates an annual allocation from the State's Trust Fund of approximately $328,242 per year. Over the three year period, it is estimated that approximately 60 households will benefit from this program. RECOMMENDATION: Staff recommends approval of the Local Housing Assistance Plan for Fiscal Years 1998/99, 1999/2000 and 2000/01 by the adoption of Resolution No. 28-98. ref: agmemol2 ~~ CITY OF DELRAY BEACH STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) LOCAL HOUSING ASSISTANCE PLAN ADOPTED BY RESOLUTION 28-98 FISCAL YEAR 98-99 / FISCAL YEAR 99-2000 / FISCAL YEAR 2000-01 TABLE OF CONTENTS I. Program Description 1 II. Interlocal Agreement 2 III. Local Housing Assistance Partnership 2 IV. Program Strategies 3 Strategies 3-5 Participant Selection 5 Recapture Provisions 6 Leveraging 6 V. Incentive Strategies 6-9 VI. Affordability 9 VII. Advertisement & Outreach 10 VIII. Timetables for Expenditures 11 IX. Plan Amendment 11 X. Administrative Expenses 11 XI. Allocation of SHIP Funds by Program Year 12-13 XII. Housing Delivery Goals Chart 14-16 A. Certification to Florida Housing Finance Corporation 17 B. Resolution 19 STATE HOUSING INITIATIVE PARTNERSHIP (SHIP) LOCAL HOUSING ASSISTANCE PLAN CITY OF DELRAY BEACH, FLORIDA FISCAL YEAR 98-99 / FISCAL YEAR 99-2000 / FISCAL YEAR 2000-01 The City of Delray Beach established a Local Housing Assistance Program with the adoption of Ordinance No. 2-93 on February 23, 1993. This program description has been created to promote and implement the goals of the City's SHIP Program which are consistent with goals and objectives adopted within the Housing Element of the City's Comprehensive Plan. The City intends to undertake the activities outlined in this plan for three (3) fiscal years, Fiscal Year 98-99, Fiscal Year 99-2000 and Fiscal Year 2000-01. All proposed program activities are identified in the plan and are continued on an annual basis. The City shall use the funds received from the State pursuant to the State Housing Initiative Partnership (SHIP) Program in the following manner: A. Ninety percent (90%) of the funds shall be used by the City to implement the following locally designed strategies: (a) New Construction - Eligible sponsors and households shall be awarded funds for the construction of eligible housing for assistance with lot acquisitions, payment of impact fees and eligible costs associated with the project. (b) Acquisition/Rehabilitation - Eligible sponsors or persons may be awarded funds to acquire existing housing units for purchase and rehabilitation of existing units. (c) Rehabilitation - Very low-income and low income persons who own and occupy substandard housing units shall be awarded funds to rehabilitate, or in the case of special needs households, to retrofit such units to improve accessibility. (e) Match Requirements - In order to obtain and use Federal housing grants with mandatory match requirements. All units constructed, rehabilitated or otherwise assisted with SHIP funds will be occupied by very-low-income (50% of median), low-income (80% of median), and moderate-income (120% of median) persons and those who have special housing needs. A minimum of thirty percent (30%) of the funding will be used by very low-income persons. A minimum of thirty percent (30%) will be used by low-income persons. An additional thirty percent (30%) will be used by moderate-income, low-income or very- 1 low-income persons. The remaining ten (10%) percent is allocated for administrative costs. Special needs category is included within these percentages. Not less than sixty-five percent (65%) of the funds will be used for homeownership and not less than seventy-five percent (75%) of the funds will be reserved for construction, rehabilitation or emergency repair of eligible housing. The sales prices for newly constructed or existing structures which will be rehabilitated may not exceed $134,040 or $107,949 respectively. The average sales price for a newly constructed home is expected to be $90,000 and $70,000 for existing homes. The sales price shall never exceed ninety percent (90%) of median area purchase price as established under Revenue Proclamation 94-55, United States Department of Treasury. Based on the dollars anticipated being awarded to the City of Delray Beach and given the planning and work with local non-profit organizations that are occurring on an ongoing basis, this plan does not propose to use funds for other eligible activities during the three (3) year period. Supportive housing activities such as housing and credit counseling, tenant counseling and other supportive services needed to facilitate affordable programs will be funded by other sources currently available to the City. Several local banks and one bank consortium have agreed to provide homebuyer training and credit counseling as well as first mortgage funding. Habitat for Humanity has agreed to provide a training program for the new homeowner to assist in making the transition from renter to homeowner. The Local Housin~ Assistance Plan does not involve an inter-local agreement. All activities are carried out within the geographic boundaries of the city limits of the City of Delray Beach. Priority for funding will be given to the Community Development Block Grant and Community Redevelopment Agency Target Areas. The City of Delray Beach has formed a partnership that involves local government, lending institutions, housing developers, community based organizations and providers of professional services relating to affordable housing. The partnership includes the City of Delray Beach Community Improvement Department, the Delray Beach Community Redevelopment Agency, the Community Financing Consortium, Inc., the Delray Beach Housing Authority, the Center for Technology Enterprise & Development, the Delray Beach Community Development Corporation and local contractors. This partnership was developed to implement a comprehensive home- building and community revitalization program. Resources from each participant in the local Housing Parmership will be leveraged to reduce the cost of housing to very-low, low and moderate income homebuyers. The City's emphasis on "Neighborhood Stabilization" through the development of homeowner associations, enhanced code enforcement, as well other initiatives directed at mitigating declining conditions within target neighborhoods provides the opportunities to increase the number of affordable units made available to our very-low and low income tenants. The City believes such efforts will assist in making these areas more attractive for infill housing development. This Plan provides for increasing the number of homeowners and the availability of affordable housing under the following strategies to be conducted within the boundaries of the City: A. STRATEGY NO. 1: NEW CONSTRUCTION-I-IOMEOWNIERSI-IIP SHIP funds will be used in Fiscal Year 98-99, Fiscal Year 99-2000 and Fiscal Year 2000-01 to provide incentives for the construction of affordable housing for occupancy by very-low-income, low-income and moderate-income households. Applications will be accepted by City staff and placed on a first come first served encumbrance list within each income category. Non-profit organizations may refer individuals to the program, however, all eligibility determinations and encumbrances will be conducted by City staff. The following are two provisions under this strategy: 1. Assistance with Construction Financing - Deferred loans will provide assistance as down payment, closing cost and principle reductions for newly constructed units and will be awarded to eligible very low, low and moderate income households. Loan awards will be limited to a maximum of $25,000 for very low, $20,000 for low and $15,000 for moderate income households. Down payment assistance and principle reductions above $3,500 will be in the form of a deferred 0% interest loan secured by a second mortgage / promissory note forgivable over five years for loans under $15,000 and ten years for loans over $15,000 (proration of the amount will occur at a rate specific to the duration of the note). Closing Cost assistance under $3,500 will be awarded as a grant and will not be subject under the program's recapture provisions. 2. Lot Acquisition for New Construction - Assistance with the purchase of vacant, single family lots may be given to eligible sponsors or the very-low, low and moderate income households needing to subsidize a portion of the cost of the home or mortgage to lower the end price. Final 3 package price for lot and construction cost may not exceed 90% of the area median which is currently $134,040.00. Lots acquired and provided to eligible sponsors and/or families will be conditioned on construction beginning within twelve (12) months of closing or assignment of the lot and the condition that the new unit must be occupied within twenty-four (24) months of the fiscal year in which it was acquired. Loan awards will be limited to a maximum of $25,000 for very low, $20,000 for low and $15,000 for moderate income households. Down payment assistance and principle reductions above $3,500 will be in the form of a deferred 0% interest loan secured by a second mortgage / promissory note forgivable over five years for loans under $15,000 and ten years for loans over $15,000 (proration of the amount will occur at a rate specific to the duration of the note). Closing Cost assistance under $3,500 will be awarded as a grant and will not be subject under the program's recapture provisions. The selection criteria for eligible sponsors are: ( 1 ) designated 501 (C)(3) non-profit organization under IRS guidelines, (2) legally operating within the jurisdiction of the City of Delray Beach and/or Palm Beach County, (3) has a demonstrated track record and production experience in the construction and delivery of affordable housing, (4) possess an executed agreement with the City of Delray to participate and further its goals in the delivery of affordable housing to the City's very-low, low and moderate income households. B. STRATEGY NO. 2 - HOMEOWNERSHIP/PURCHASE/REHABILITATION SHIP funds will be used in Fiscal Year 98-99, Fiscal Year 99-2000 and Fiscal Year 2000-01 to provide incentives in the form of purchase assistance and/or rehabilitation assistance to very-low, low and moderate income households in order to acquire existing units which may be in need of rehabilitation. Purchase price including rehabilitation will not exceed 90% of area median price which is currently $107,949. Loan awards will be limited to a maximum of $25,000 for very low, $20,000 for low and $15,000 for moderate income households. The loans will be in the form of a deferred 0% interest loan second mortgage / promissory note forgivable over five years for loans under $15,000 and ten years for loans over $15,000 (proration of the amount will occur at a rate specific to the duration of the note). Closing cost assistance under $3,500 will not be subject to the program's recapture provisions. C. STRATEGY NO. 3 - HOUSING REHABILITATION/EXISTING OWNER-OCCUPIED UNITS SHIP funds in all three (3) fiscal years will be used to provide deferred loans of up to $25,000 to very low and low income eligible households to rehabilitate existing owner-occupied single family units. Rehabilitation of units will address interior and exterior building/electrical/plumbing problems, health and safety issues as well as the retrofit of items for those with special needs. It is assumed that no private lender moneys will be involved in these rehabilitation activities. However, in such cases, moneys from the City's general revenue funded "Bootstrap Program" or a private lender may be combined with SHIP funds to fund total cost of rehabilitative project. The loans will be in the form of a deferred 0% interest loan second mortgage / promissory note forgivable over five years for loans under $15,000 and ten years for loans over $15,000 (proration of the amount will occur at a rate specific to the duration of the note). D. PARTICIPANT SELECTION 1. Applications for participation will be taken on specified dates if demand warrants. The initial advertised application period of July 1 st of each fiscal year does not restrict individuals from making application to the program at any time. All applications will be on a first-come first- served basis within the income groups to be served. 2. Income Eligibility of households will be determined using the definition of "Annual Income" as defined under HUD 24 CFR Section 5.609(b). The guidelines will be used to verify income, assets and other information required. 3. Debt Ratio (Affordability) - Applicants will be screened on the lenders income to housing debt ratios. Housing expenses (PITI) may exceed thirtypercent (30%) of the household's income if the total financing package is approved by a primary lender. However, this amount shall not exceed thirty percent (30%) of the area median-income limits adjusted for family size for the income category. 4. Unit Sale Price/Purchase/Rehabilitation Costs - The purchase price of the unit will be compared against program guidelines. Only units meeting these guidelines will be eligible for assistance. E. RECAPTURE PROVISIONS 1. All individuals assisted with SHIP funds will be contractually subject to recapture as per the City's recapture requirements. These recapture provisions will be enforced by a note and mortgage on the property for those purchasing homes and an executed agreement between the City and the property owner for those receiving rehabilitation assistance for existing homeowners. 2. Prior to receiving a loan award, all eligible persons or eligible sponsors shall enter into an agreement to comply with the affordable housing criteria provided under applicable sections of the Florida State Statutes and this plan. 3. A 0% interest deferred loan award for financial assistance under any of the specified strategies of an amount greater than $3,500 will be subject to the recapture provisions. Loan awards of $3,501 to $14,999 shall be secured by a second mortgage on the property with a term of five (5) years decreasing at a rate of twenty (20%) percent per year. An award of $15,000 or more shall be secured as a forgivable second mortgage with a term often (10) years decreasing at a rate often (10%) percent per year. F. LEVERAGING The use of SHIP funds along with CDBG funds, General Revenue contributions awarded by the City, participation in the Palm Beach County HOME Consortium, leverages with private sector financing and technical support will provide the basis for increasing the supply of affordable housing for Delay Beach residents. The experience of the City's staff provides the opportunity to implement affordable housing programs on a timely basis. The City of Delray Beach Affordable Housing Advisory Committee held meetings to review existing policies, procedures, ordinances, land development regulations and incentives in order to make specific recommendations aimed at encouraging and facilitating affordable housing while also protecting property values. The following incentives are proposed to be implemented during the fiscal years covered in this plan: 1. Expedited Permit Process - The City has in place a "One Stop Shop" permitting process for a coordinated review and approval of all developmental applications submitted through the Building Division. The system features a fully automated application tracking software package that provides the opportunity to 6 readily identify delays in review time from various departments within the permit process. Applications submitted for affordable housing projects will receive a label marking it as such and prioritized for review. Applications received are processed by designated persons under the approved expedited permitting process developed for this program. 2. Impact Fee Requirements (Land Development Regulations, Section 2.4.3(K) - The City has been unsuccessful in petitioning the County to waive impact fees associated with new construction of affordable housing units. The County does provide an impact fee credit for units built on a lot which had a previous residential unit on the site. The Community Development staff provides the research on properties to identify these credits wherever possible. When no credit is applicable, the City may use SHIP funds to pay the impact fees. The City has adopted a policy for the waiver of building, paving, irrigation and plan review fees for affordable units. This has generated a savings to the homeowner estimated at $1,200 in permit fees per unit. 3. Allowance of Increased Density Levels (Comprehensive Plan, Housing Element, Policy C-3.1) - The Housing element provides for increases to density when it can be demonstrated that such increases will lead to an affordable unit, provided that other policies of the Comprehensive Plan are met. The Land Development Regulations allow for increased densities in planned unit developments on a case by case basis. This does not apply to infill housing and the lack of large vacant parcels makes this incentive limited in its effect. 4. Reservation of Infrastructure Capacity (Comprehensive Plan, Housing Element, Policy A-2.3) - Infrastructure facilities currently exist throughout the entire city. However, where there are visible signs of deterioration, Comprehensive Plan policy provides for prioritization in scheduling necessary improvements. As each year's infrastructure improvement schedule is prepared, priority is given to neighborhoods with concentrations of infrastructure deficiencies. 6. Reduction of ParMng and Set Back Requirements (L~d Development Regulations, Section 4.6.9(C) - C~ent regulations require two p~king spaces per dwelling ~it in Single Fmily zoning districts. As ~ incentive to affordable housing, one of the required p~king spaces may be located 7 within the side set back within one foot of the property line, provided the impervious area used for parking is sloped to drain on the lot being developed. This incentive will provide a cost reduction of approximately $500 per unit. The allowance of side set back parking improves the appearance and traffic flow by reducing haphazard street parking. 7. Establish a process by which impact of new policies, procedures, ordinances and regulations on the cost of housing are reviewed prior to approval (Resolution Number 19-94, Affordable Housing Incentive Plan) - Aside from contributing input to the writing of the City's Local Housing Assistance Plan, the affordable Housing Advisory Committee continues to meet on a bi-monthly basis to discuss all policies, procedures and regulations which have the potential to impact the cost or supply of affordable housing. The committee has contributed greatly to the City's affordable housing program in providing expertise and suggestions on the overall functioning of the program as well as to review the factors involved in increased cost of housing. 8. Preparation of a printed inventory of locally owned public lands suitable for affordable housing (Resolution Number 19-94, Affordable Housing Incentive Plan) - The Planning Department has compiled a complete list of City owned lands of 3 acres or more along with available single family lots. The Community Redevelopment Agency maintains a list of vacant parcels which they own or have under contract suitable for infill residential construction. These lists are made available to the public, private developers and non-profit agencies. 11. Reduction of Landscape Requirements (Land Development Regulations, Section 4.6.16(H) - The current requirements at Section 4.6.16(H) for Single Family housing is that 20% of all pervious lot area be planted in shrubs and ground cover and the remaining 80% of the area be planted in turf. In support of projects participating in the City's Affordable Housing Programs the requirements of the landscape code are to be reduced to allow for only 10% of the pervious single family lot area be planted in shrubs and ground cover and that they be installed in the front and side setbacks. It is estimated that the $1200 will be reduced from the cost of producing one unit. For the purpose of determining eligibility and affordability under the SHIP Program, the following Florida Housing Finance Corporation 1997 area income limits adjusted to family size for the City of Delray will be used: Number of Persons in Household Table A Set Aside 1 2 3 4 5 6 7 8 50% 17,900 20,500 23,050 25,600 27,650 29,700 31,750 33,800 80% 28,650 32,750 36,850 40,950 44,250 47,500 50,800 54,050 120% 43,008 49,152 55,296 61,440 66,355 71,270 76,186 81,101 *Subject to annual changes by HUD Affordability is defined as meaning that monthly PITI payments should not exceed thirty percent (30%) of adjusted area median income limits for the applicable income category (per Table A). However, PITI may exceed thirty percent (30%) if a first institutional mortgage lender deems that a household can afford more than the thirty percent (30%) benchmark. A. Assistance Requirements 1. Homes which are purchased under the SHIP Program may not have a sales price that exceeds $134,040 for newly constructed units or $107,949 for existing structures which may be purchased and rehabilitated. Under no circumstances may the sales price or appraised value after purchase and rehabilitation exceed ninety (90%) percent of median area purchase price as established under Revenue Proclamation 94-55, United States Department of the Treasury. 9 2. The maximum award of SHIP funds may not exceed $25,000 per unit. The maximum ceiling includes the aggregate of SHIP awards for purchase assistance and/or rehabilitation assistance which may be used in combination to provide housing to an eligible household. All loans issued from SHIP funds maximum length shall be ten (10) years. 3. All units constructed, rehabilitated or otherwise assisted with SHIP Program funds must be occupied by persons who are very low, low and moderate income households or persons with special housing needs. 4. Units constructed or rehabilitated with SHIP funds and sold to homebuyers will be subject to the City's subsidy recapture provisions. 5. The City ensures that the Local Housing Partnership eligible sponsors and the City shall not discriminate in the loan application process of eligible persons for eligible housing on the basis of race, creed, religion, color, age, sex, martial status, national origin or handicap in the loan application process for eligible housing. 6. SHIP funds may not be used as a pledge for debt service on bonds or as rent subsidies. Annually, the City conducts a Community Needs Assessment Meeting whereby the public is invited to attend and provide input on how program funds should be allocated. On June 12, 1997, the Needs Assessment Meeting was held and from the participants involved, it was the general consensus that Housing Rehabilitation for Owner-Occupied units and Homeownership Programs should continue. The Community Improvement Department will advertise the availability of the Local Housing Assistance Program at least thirty (30) days prior to the beginning of the application period, at periodic intervals throughout the year. The availability of funds will be advertised in a local newspaper including the free throw-aways available to residents, established homeowner association newsletters, churches located in the CDBG target area, and other organized methods that may be available. Additionally, staff will be responsible for the development of flyers describing the program to disseminate to various organizations and agencies including the Delray Beach Housing Authority, Habitat for Humanity and the non-profit local based Community Development Corporations. 10 FY 98-99 Advertise Availability July 1998 Begin Applications July 1998 Encumber Funds Dec 1999 Expend Funds June 2001 Annual Reports Aug 1998 FY 99-2000 Advertise Availability July 1999 Begin Applications July 1999 Encumber Funds Dec 2000 Expend Funds June 2002 Annual Reports Aug 1999 FY 2000-01 Advertise Availability July 2000 Begin Applications July 2000 Encumber Funds Dec 2000 Expend Funds June 2003 Annual Reports Aug 2000 SHIP funds will be encumbered within six (6) months of the end of the fiscal year in which they are received. A Plan amendment is called for if a Plan strategy is added or deleted. Plan amendments will be submitted to the State Review Committee within twenty-one (21) days after adoption. Amendments will not take effect until approved by the State. Corrections to income limits or amount of funds committed to each strategy will be made by a budget-adjustment. Any such corrections will be submitted to the Florida Housing Finance Corporation upon effective acceptance. The City shall notify the Florida Housing Finance Corporation promptly if the City will be unable to comply with the provisions of the Plan. The Community Improvement Department's Community Development Division will be responsible for the administration of the Local Housing Assistance Plan. The City of 11 Delray Beach has determined that it is necessary to use 10% of the SHIP allocation during the three (3) year period for administration. The additional 5% of program income allowed for administrative expenses will be added to the amounts for administrative expenses as received. The funds will be used to fund a position which will be directly responsible for the administration of the SHIP Program. This position will function as a planner to develop and coordinate the specific programs and policies approved under the Housing Element of the City's Comprehensive Plan. FISCAL YEAR 1998-99 ANNUAL ALLOCATION $328.242 NEW CONSTRUCTION/LOT FINANCING ** $ 95,418 Avg. Amount of Assistance per Unit ($15,000) Avg. Cost per Unit ($89,000) Number of Units Assisted 6 HOMEOWNERSHIP/REHABILITATION $100,000 Avg. Amount of Assistance per Unit ($15,000) Avg. cost per Unit ($75,000) Number of Units Assisted 7 HOUSING REHABILITATION $100,000 Avg. Amount of Assistance per Unit ($14,500) Number of Units Assisted 6 ADMINISTRATION $ 32,824 FISCAL YEAR 1999-2000 ANNUAL ALLOCATION $328.242 NEW CONSTRUCTION/LOT FINANCING ** $ 95,418 Avg. Amount of Assistance per Unit ($15,000) Avg. Cost per Unit ($89,000) Number of Units Assisted 6 HOMEOWNERSHIP/REHABILITATION ** $100,000 Avg. Amount of Assistance per Unit ($15,000) Avg. Cost per Unit ($75,000) Number of Units Assisted 7 12 FISCAL YEAR 1999-2000 ANNUAL ALLOCATION $328,242 HOUSING REHABILITATION $100,000 Avg. Amount of Assistance per Unit ($14,500) Number of Units Assisted 6 ADMINISTRATIVE $ 32,824 FISCAL YEAR 2000-01 ANNUAL ALLOCATION $328.242 NEW CONSTRUCTION/LOT FINANCING $ 95,418 Avg. Amount of Assistance per Unit ($15,000) Avg. Cost per Unit ($89,000) Number of Units Assisted 6 HOMEOWNERSHIP/REHABILITATION $100,000 Avg. Amount of Assistance per Unit ($15,000) Avg. Cost per Unit ($90,000) Number of Units Assisted 7 HOUSING REHABILITATION $100,000 Avg. Amount of Assistance ($14,500) Number of Units Assisted 6 ADMINISTRATION $ 32,824 NOTE: Averages projected reflect amount per year/per each individual strategy. The averages projected in the narrative are a collective average for the three (3) fiscal years by strategy. 13 CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Local Government: Delray Beach County/City (1) The local government will advertise the availability of SHIP funds pursuant to Florida Statutes. (2) All' SHIP funds will be expended in a manner which will insure that there will be no discrimination on the basis of race, creed, color, age, sex, familial status, handicap, religion, or national origin. (3) A process for selection of recipients for funds has been developed. (4) The eligible municipality or county has developed a qualification system for applications for awards. (5) Recipients of funds will be required to contractually commit to program guidelines. (6) The Florida Housing Finance Corporation will be notified promptly if the local government (or interlocal entity) will be unable to comply with the provisions the plan. (7) The Local Housing Assistance Plan shall provide for the expenditure of SHIP funds within 24 months following the end of the State fiscal year in which they are received. (8) The plan conforms to the Local Government Comprehensive Plan, or that an amendment to the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the Local Housing Assistance Plan. (9) Amendments to the approved Local Housing Assistance Plan shall be provided to the Corporation with in 21 days after adoption. (10) The trust fund shall be established with a qualified depository for all SHIP funds as well as moneys generated from activities such as interest earned on loans. (11) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. (12) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements, copies of the audits will be forwarded to the Corporation as soon as available. (13) An interlocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year, and the audit forwarded to the Corporation as soon as possible. Page 2 Certification (14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies. (15) Developers receiving assistance from both SHIP and the Low Income Housing Tax Credit (LIHTC) Program shall comply with the income, affordability and other LIHTC requirements, Similarly, any units receiving assistance from other federal programs shall comply with all Federal and SHIP program requirements. (16) Loans shall be provided for periods not exceeding 30 years, except for deferred payment loans or loans that extend beyond 30 years which continue to service eligible persons. (17) Rental Units constructed or rehabilitated with SHIP funds shall be monitored at least annually for 15 years for compliance with tenant income requirements and affordability reqUirements. Witness Chief Elected Official Jay Alperin, Mayor Witness Type Name and Title Date OR Attest: (Seal) Agenda Item Number: /O ~, AGENDA REQUEST Request to be placed on: Date: April 14. 1995 _xxxx Regular Agenda Special Agenda Workshop Agenda ~ Consent Agenda When: April 21. 199g Description of item (who, what, where, how much): Approval of thc State Housing Initiatives Partnership (SHIP) Program Local Housing Assistance Plan £or Fiscal Years 199g-1999. 1999-2000 and 2000-2001 and approval o£ the Resolution adopting the Plan and submittal to the State Housing Finance Corporation. Recommendation: Staff recommends approval of the Local Housing Assistance Plan and Resolution for implementation and submittal. Department Head Signature: City Attomey Review/Recommendation (if applicable):, Budget Director Review (required on all items involving expenditure of funds): Funding Available: YES/NO Funding Alternatives: .(if applicable) Account No. & Description: Account Balance: City Manager Review: Approved for Agenda:~/NO Hold Until: Agenda Coordinator Review: Received: Placed on Agenda: Action · Approved/Disapproved s:\commun- 1 \cd\cdbgrant\agentbrm.doc City of Delray Beach Community Development Division MEMORANDUM TO: David Harden, City Manager THRU: Lula Butler, Community Improvement Director J~ FROM: Michael Simon, Interim Community Development Coordinator '~ DATE: April 13, 1998 SUBJECT: Resolution//28-98 Approval and Adopting of the State Housing Initiatives Partnership (SHIP) Local Housing Assistance Plan ITEM BEFORE THE COMMISSION The purpose of this item is the obtain approval for the adoption of the State Housing Initiatives Partnership (SHIP) Progranl~t~'s Local Housing Assistance Plan for Fiscal Years 1998-1999, 1999-2000 and 2000-2001 pursuant to Title 67-37 of the Florida Administrative Code by approval of Resolution #28-98. BACKGROUND For the past six (6) years the Community Improvement Department has received housing assistance funds from the State Housing Initiatives Partnership (SHIP) Program. SHIP funds are generated from documentary stamp collection throughout the State at a rate of two cents per dollar and held in the State's Housing Trust Fund. The State requires a Local Housing Assistance Plan be established outlining how the City plans to administer the Local Housing Assistance Program once SHIP funds are received. On February 23, 1993, under Ordinance #2-93, the City Commission established a Local Housing Assistance Program, created the Local Housing Trust Fund and created the Affordable Housing Advisory Committee to comply with various sections of Title 67 of the Administrative Code of Florida. Staff of the Community Improvement Department have administered the program and under this Plan have assisted Delray Beach residen~ with homeownership and rehabilitation opportunities. Staff and the members of the Affordable Housing Advisory Committee have developed the Local Housing Assistance program for the next three years. SHIP funds will be used for the following activities: 1) New Construction purchase assistance; 2) Existing unit purchase assistance; 3)Rehabilitation assistance for owner-occupied units. The program anticipates an annual allocation from the State's Trust Fund of approximately $328,242 per year. Over this three year period it is estimated that approximately 60 households will benefit from this program. RECOMMENDATION Staff recommends approval of the Local Housing Assistance Plan for Fiscal Years 1998- 1999, 1999-2000, 2000-2001, by adoption of Resolution #28-98. RESOLUTION NO. 28-98 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, ADOPTING THE LOCAL HOUSING ASSISTANCE PLAN PURSUANT TO THE STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM AS ATTACHED HERETO, ESTABLISHING A MAXIMUM COST PER UNIT, THE STRATEGIES AND INCENTIVES OF THE PLAN, THE MAXIMUM SHIP FUNDS ALLOWABLE FOR ASSISTANCE, THE MAXIMUM SHIP FUNDS FOR ADMINISTRATIVE EXPENSES, AUTHORIZING THE NECESSARY CERTIFICATIONS BY THE MAYOR AND AUTHORIZING SUBMISSION OF THE PLAN TO THE STATE HOUSING FINANCE CORPORATION, PROVIDING FOR AN EFFECTIVE DATE UPON APPROVAL. WHEREAS, the State of Florida under specific authority established by the William E. Sadowski Act in July 1992, established the State Housing Initiatives Partnership (SHIP) Program, which requires the City to develop a one to three year Local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the Act also requires the adoption of a resolution providing for 1) the maximum and average cost per unit available for eligible housing units; 2) a maximum and average of funds awarded under each strategy; 3) implementation of the strategies and incentives under the plan; 4) establishment of 10% of total allocation and 5% of program income to be spent on administrative costs of the SHIP program. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That the maximum cost per unit for eligible housing assistance awards pursuant to the SHIP Program may not exceed 90% of the median area purchase price for newly constructed units and existing units as established by Revenue Proclamation 94-55, United States Department of Treasury. Section 2. That during the three fiscal years covered under the Plan, the maximum award will be limited to $25,000 for very low, $20,000 for low and $15,000 for moderate income households for purchase assistance; and $25,000 maximum for very low and low income households for owner occupied rehabilitation, specific to the conditions, strategies and eligibility determination under the guidelines of the SHIP Program and this Plan. Section 3. The City finds that five percent (5%) of the Local Housing distribution is insufficient to adequately administer the SHIP Program; therefore the administrative funding shall increase, but shall not exceed ten percent (10%) as allowed by Title 67 of the Florida Administrative Code; and to include the allowable five percent (5%) of Program Income for additional administrative funding under the SHIP Program. Section 4. The City of Delray Beach is authorized to submit the Local Housing Assistance Plan to the State Housing Finance Corporation for its review and approval. Section 5. That the Mayor is authorized to execute the certifications required as a part of the Local Housing Assistance Plan on behalf of the City. Section 6. That this resolution shall become effective immediately upon its passage. PASSED AND ADOPTED in regular session on this day of ,1998. MAYOR ATTEST: City Clerk ~C Boca Raton New~s,__Tuesday, Aori114, 1998 Tie Ci~ ~ De,ray Bea¢~ ~a$ able ~ ~ ~l~c, ~ State In~i~i~ Pa~ip (SHIP) M~ ~ta~ Plan ~ Fi~at Ad t~6 MEMORANDUM To: Alison Mac-Gregor Harty, City Clerk Thru: Lula Butler, Community Improvement Director'7/'/'''''~ From: Michael Simon, Interim Community Development Coordinator/h Subject: Local Housing Assistance Plan Date: April 9, 1998 Please publish the attached article in the April 14, 1998 issue of llxe,3:ie:~w~This is a Notice of Public Hearing for the Community Development Division's approval of the State Housing Initiatives Partnership program. Please send a copy of the publication affidavit and the article to the Community Development Division when recieved for our records. If you require any additional information or clarification needed, call me at ext. 7282. Thank you for your assistance. NOTICE TO THE PUBLIC The City of Delray Beach has available for the Public, the State Housing Initiatives Partnership (SHIP) Local Housing Assistance Plan for Fiscal Years 1998-1999, 1999- 2000 and 2000-2001. The City Commission will approve the Plan by Resolution at their regular meeting on April 21, 1998, at 6:00pm in the Commission Chambers in City Hall, located at 100 N.W. 1 st Avenue in Delray Beach, Florida. Citizens may obtain copies of the plan by visiting, writing or calling the Community Development Division of the City of Delray Beach, located at 100 N.W. 1 st Avenue, Delray Beach, Florida 33444, telephone number (561) 243-7280. David T. Harden City Manager