LOCAL HOUSING ASSISTANCE PLAN (LHAP) FY 2003-04 2004--05 AND 2005-06 - ATTACHMENT TO RESOLUTION 03-21
CITY CLEARWATER
STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM
L 0 C A L H 0 U SIN GAS S 1ST AN C E P LAN (LHAP)
State Fiscal Years 2003-04, 2004-05 and 2005-06
BACKGROUND:
This Local Housing Assistance Plan (LHAP) sets forth the three year outline through
which the City of Clearwater Commissioners will implement the provisions of the Florida
State William E. Sadowski Affordable Housing Act adopted on July 7, 1992, Section
420.907 - .9079 Florida Statutes (F.S.) and Chapter 67-37 Florida Administrative Code
(F.A.C.). The legislation includes the creation of the State Housing Initiative Partnership
(SIllP), which is designed to provide for: (i) a sharing between the State and local
governments a portion of the revenue collected from the documentary stamp tax on
deeds, (ii) the establishment of public-private partnersp.ip to build, rehabilitate and
preserve affordable housing, and (iii) maximum flexibility to local governments to
determine the use of funds to better meet the responsibilities for affordable housing as set
forth in the comprehensive plan.
All city and county governments in Florida meeting the eligibility requirements will
receive SillP funds. Each government will receive at least $350,000. Allocations higher
than $350,000 are determined by population. The SIllP allocation to the City of
Clearwater is estimated to be $900,000 for each fiscal year 2003-04, 2004 -05 and 2005-
06. The allocation may increase or decrease each fiscal year depending on documentary
stamp collections. SillP requires that the cities and counties prepare a Local Housing
Assistance Plan (LHAP), which must be submitted, to the Florida Housing Finance
Corporation (FHFC).
The City of Clearwater, as an eligible municipality, has approved and adopted Ordinance
No. 54l0-93 providing for a local housing assistance partnership program containing
the following provisions:
. Creation of a local housing assistance trust fund as described in Section 420.9075 (5)
F,S,
· Adoption by resolution of a local housing assistance plan as defined in Section
420.907l(l4) F.S. to be implemented through a local housing partnership as defined
in Section 420.907l(l8) F.S.
· Designation of the responsibility for the administration of the local housing assistance
plan. Such ordinance provides for the contracting of all or part of the administrative
or other functions of the program to a third person or entity.
· Creation of an affordable housing advisory committee as provided in Section
/"",' , ,/, '."1 I 420.9076 F.S.
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City of Clearwater FY2003-2006 LHAP
This Local Housing Assistance Plan meets the following requirements of the Chapter 67-
37 F.A.C.
. At least 65% of the SliP funds be used for home ownership activities
. At least 75% of the SliP funds be used for construction, rehabilitation or emergency
repaIrs
. At least 30% of SlllP funds be used to very low income persons and 30% of SlllP
funds be used for low income persons
. That the average sales price or value of units be affordable to the target population
. As evidenced in the "Certification to the Florida Housing Finance Corporation" the
Local Housing Assistance Plan is consistent with the City of Clearwater
Comprehensive Plan and with the Housing Element of that Plan.
. The City of Clearwater Housing Partnership will expend funds received from the
State of Florida in accordance with the "strategies" set forth in its Local Housing
Assistance Plan
. The City of Clearwater will implement the local housing assistance plan to make
affordable residential units available to persons of very low income, low income or
moderate income and to the special housing need population, as defined in Chapter
67-37.002(13) F.A.C.
. The City of Clearwater, its agents, contractors, sub-grantees, municipalities, non-
profit organizations or for profit entities will not deny assistance to or exclude from
participation any person or entity on the basis of race, religion, creed, color, age, sex,
marital status, familial status, national origin or handicap Section 420.9075(3)(c) FS.
. All agents, contractors sub-grantees of the City of Clearwater under the SHIP
Program comply with the guidelines, in Section 420.9075(3)(d) F.S. and includes
language in each contract and subcontract to contractually commit each agent,
contractor and sub-grantee to compliance
· If, at any time, during the term of the Local Housing Assistance Plan the City of
Clearwater, or any agent, contractor or sub-grantee is unable to comply with any
provision of this Local Housing Assistance Plan, the City of Clearwater will notify
the Florida Housing Finance Corporation immediately for guidance, direction and
assistance.
PLAN DEVELOPMENT PROCESS
Locally designed strategies have been determined through the Citizen Participation Plan
which encourages all citizens, including minorities and non-English speaking persons as
well as persons with disabilities to participate in the development of Local Affordable
Housing Plan and housing programs, with particular emphasis on persons of very low to
moderate income. Information and records relating to our proposed use of funds is made
easily accessible to the public for review.
The Citizens Participation Plan established an affordable housing advisory committee
referred to as the Neighborhood Affordable Housing Advisory Board (NAHAB)
consisting of seven appointed residents of the City of Clearwater all of which engage in
the professional services related to affordable housing and those who are advocates of
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City of Clearwater FY2003-2006 LHAP
affordable housing. The committee includes citizens who are actively engaged as
follows:
· Residential home building industry and/or those areas of labor engaged in home
building.
. Banking or mortgage banking industry
. An advocate oflow-income persons
· Not-for-profit provider of affordable housing and/or a real estate professional
. A citizen who is a resident of one of the City's Neighborhood Revitalization Strategy
Areas
. A citizen who is a resident of East Clearwater
. A citizen who is a resident of the City
All meetings of the Neighborhood Affordable Housing Advisory Board (NAHAB) are
public meetings, and all records are public records. Staff, administrative, and facility
support to the Neighborhood Affordable Housing Advisory Board (NAHAB) is provided
by the City of Clearwater - Economic Development and Housing Department - Housing
Division.
The NAHAB reviews, monitors and evaluates the physical environment and lifestyle of
very-low to moderate income households assisted by the programs that the City
administers through the Housing Division. The NAHAB also recommends specific
initiatives to encourage or facilitate affordable housing while protecting the ability of the
property to appreciate in value. Such recommendations may include the modification or
repeal of existing policies, procedures, ordinances, regulations or plan provisions; the
creation of exceptions applicable to affordable housing; or the adoption of new policies,
procedures, regulations, ordinances or plan provisions.
The NAHAB reviews local programs by assessing neighborhood needs, formulating
neighborhood goals and objectives, all in constant consult with the Housing Division.
They also establishing priorities for projects within neighborhoods, and in addition,
monitor and evaluate programs and make recommendations to the City Commission
regarding such programs.
The City of Clearwater holds public hearings and meetings to obtain citizen views and
responds to citizen proposals and questions about proposed activities and program
performance. Citizens and other partners emphasize the need for a broad range of
opinion in the establishment of goals, objectives, projects and priorities and in the
application, monitoring and evaluation of funded programs.
Public hearing and meeting dates are advertised by way of public notice in either local
newspapers of general paid circulation and/or the City Clerk's Office, at least lO days in
advance,
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City of Clearwater FY2003-2006 LHAP
The availability of funds will be advertised yearly at least thirty days before the
beginning of the application period to the public by way of public notice in local
newspapers of general paid circulation in and about the City of Clearwater.
Eligible Sponsors, by means of the City of Clearwater Consolidated Action Plan process,
are considered by application and evaluated by a point system. Points are granted based
on such things as, but not limited to: the economic feasibility of a project, timeliness of
completion, past experience, commitment to expand affordable housing opportunities to
very-low, low and moderate income households, to eliminate slum and blighted areas, to
preserve the housing stock, to increase property values and to enhance community image
in a targeted area, priority. Eligible Sponsors who employee personnel from the WAGES
and Workforce Development Initiatives Program will be given preference in the selection
process as required by Chapter 67-37.005(6)(b)7, F.A.C.
Eligible persons will be served on a first come, first eligible basis, with priority given to
those of the special needs population and households in need of emergency repairs, until
all available funds are allocated. Eligible Sponsors may apply for funds on a project-by-
project basis while funds are available.
SUPPORT SERVICESIP ARTNERSIDPS
Home Ownership CounselinJ! Services
Home Ownership Counseling for homebuyers is currently being provided by eligible
sponsors, approved through the City's Consolidated Plan Process. This counseling
program contains course materials addressing pre-ownership issues.
The established and accredited course materials are acceptable and consistent with those
of local lenders participating in City's housing programs and the Multi-County Mortgage
Bond Program offered through the Housing Finance Authority of Pinellas County,
Florida,
The home buyers counseling and education program is made available to all home buyers
of all income levels with a special effort to include the disabled, elderly, those with
special needs and especially those of very-low to moderate income.
No recapture provisions are proposed as home buyer counseling and education is a
requirement of the City of Clearwater's Down Payment assistance program and of
participating lenders. Home-buyer's counseling and education program certificate is
awarded to each prospective home buyer whether or not that prospective home buyer
obtains financial assistance.
Clearwater Homeless Intervention Pro;ect (CHIP)
The CHIP overnight homeless shelter will provide safe lodging for chronic homeless
individuals. The CHIP shelter allows up to 62 persons to begin restructuring their lives
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City of Clearwater FY2003-2006 LHAP
toward posItIve development and self-sufficiency. cmp provides intensive case
management while facilitating assistance for cmp clients from other agencies that help
the individual get off the street and into independent living on a permanent basis. CHIP's
homeless intervention program addresses the City of Clearwater's five-year Consolidated
Plan list of goals by providing housing and supportive services for the homeless.
Homeless Emerf!ency Pro;ect (HEP)
The Homeless Emergency Project (HEP) serves the homeless population throughout the
City of Clearwater. Homeless Emergency Project offers training and direction toward
self-sufficiency through educational programs and large group workshops that effectively
and comprehensively address the needs of the homeless and financially disadvantaged,
leading to greater chances of self-sufficiency and maintaining family continuity.
Partners in Self-Sufficiency (PSS)
Partners in Self-Sufficiency (PSS) assists very-low income families referred by the
Clearwater Housing Authority's Section 8 and family public housing programs to achieve
economic self-sufficiency within a contractual time period.
Relif!ious Community Services (RCS)
Grace House - Grace House is an emergency shelter for homeless families. The program
offers an 8-weeks program combining basic shelter needs and case management to assist
homeless families in moving towards self-sufficiency.
The Haven - The Haven provides a continuum of services to victims of domestic violence
in an effort to reduce the incidents of domestic violence and reduce the amount of
homelessness occurring due to domestic violence.
F amity Resources
Established in 1970, Family Resources has been meeting the immediate needs of
runaway and homeless children. The program goals are to unite children and youth with
their families. In addition to provide these children and youth with safe and comfortable
temporary housing, program staff provide the children and their families with a
continuum of services, including counseling, life skill training and appropriate referrals.
The Kimberly House
The Kimberly House established an emergency transitional housing project for homeless
pregnant women. The Kimberly House provides low-income pregnant women with the
opportunity to gain a self-sufficient lifestyle and secure future for themselves and their
children and offers housing for the entire length of pregnancy or as a smooth transitional
solution prior to long-term placement.
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City of Clearwater FY2003-2006 LHAP
Pinel/as Opportunity Council - Chore Services Prof!ram (POC)
Pinellas Opportunity Council assists elderly persons to maintain their homes in a safe and
sanitary condition, allowing the elderly to remain independent and to avoid pre-mature
institutionalization. POC services include the removal of accumulated debris including
old appliances, tires, building material, furniture and other trash. The goal of POC is to
assist the low-income elderly Clearwater population maintain a decent, independent
living environment.
Hispanic Outreach - Education and Information Prof!ram
The recent immigrants from Latin America are underserved by banking, housing, and
other life enhancing services due to lack of information and training in these topics in the
Spanish language. This project is aimed at reaching a wide audience to teach the basics in
financial practices to allow residents to obtain credit, loans, savings and checking
accounts, proper budgeting aimed at enhancing progress in accumulating wealth through
housing investment.
City of Clearwater - Community Response Team (CRT)
The City of Clearwater for many years has been providing community assistance through
several redevelopment programs, community policing programs, neighborhood services,
and other proactive community action groups and services. The City of Clearwater
Community Response Team involves having inspectors walk through the neighborhoods
and perform door-to-door surveys. This approach offers several advantages and:
. Creates an open dialogue between the citizens and the inspectors
. Allows inspectors to educate citizens on city codes and standards
. Permits a routine inspection of the property
. Allows distribution of free smoke alanns, water saving devices and house numbers,
and
. Creates an opportunity for the City to offer financial assistance through State and
Federal funding sources
. Conserves existing areas that are in good condition
. Preserves existing housing stock through rehabilitation
. community redevelopment
The ultimate goal of the Community Response Team is to achieve voluntary code
compliance through education, communication and cooperation, decreasing the number
of non-conforming residences, reducing the decline of housing values, increasing the
investment potential, and enhancing the overall community image.
PARTNERSHIPS
The City of Clearwater through established local housing partnerships and resources
increase the affordability of housing through down payment and closing cost assistance,
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City of Clearwater FY2003-2006 LHAP
low interest rate mortgage loans, grants and other direct subsidies that make market rate
housing affordable to lower income households. Special interest rates, product pricing
structures, special programs and other incentives offered by lenders and real estate
professionals enhance affordability.
The current City of Clearwater housing partnership involves a cooperative effort of the
City of Clearwater and:
. Other local municipalities
. State of Florida
. West Central Florida SHIP Steering Committee
. United States Department of Housing and Urban Development
. Federal Housing Administration
. Veterans Administration
. Fannie Mae and Freddie Mac
. Florida Housing Finance Corporation
. Housing Finance Authority of Pinellas County
. Clearwater Housing Authority
. Community-based organizations
. Builders and developers
. Lending institutions
. Providers of professional services relating to affordable housing
. Support service agencies, and
. Organizations representing the interest of persons with special needs.
Each respective individual and/or agency in the partnership has brought forward varying
levels of understanding and viewpoints on affordable housing. The partnership has
identified local needs and provides for a cooperative effort in the production and
maintenance of safe, decent and affordable housing in our communities.
The City of Clearwater's Housing Loan Pool (CHLP) Program allows designated Eligible
Sponsors to partner with the City of Clearwater to provide a variety of housing
development related activities. CHLP provides funding for down payment and closing
cost assistance, acquisition and rehabilitation loans, disabled retrofit loans and a
revolving fund for small single family residential developments, individual single family
rehabilitation projects and single family in-fill housing. The goal of the CHLP program
is to strengthen our community by facilitating affordable housing developments resulting
in increased home ownership and rehabilitation opportunities for the City's low and
moderate income families while improving the housing stock and stimulating further
community development activities in targeted neighborhoods.
The CHLP draws it's funding from two sources: SHIP program and the Home Investment
Partnership Program (HOME) provided by the Federal' Department of Housing and
Urban Development
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City of Clearwater FY2003-2006 LHAP
Each fund source has specific requirements that govern its use. SHIP funds will be used
as described within specific planned strategies. HOME funds will be used for the
residential single and multifamily development loan program.
To access the CHLP, the eligible sponsor must first be a designated "participant". Funds
from the loan pool will be made available on a first come, first served basis, Preference
will be given to projects proposed within the targeted areas that benefit very-low to
moderate income residents.
Eligible Sponsors must prepare an application which contains such things as but not
limited to: organizational capacity, project proposal, pro-forma, project budget, financial
analysis, site information, zoning information, proof of clear title, and proof of
environmental assessment. The designated participant must plan to complete the project
within eighteen (l8) months. Larger, longer-tenn projects may be proposed outside of
the loan pool as funding is available. Incentives to designated participants will be
granted to those organizations to facilitate local housing assistance strategies.
The goal of the City of Clearwater is to provide high quality housing to its program
participants at an affordable price. The City of Clearwater will provide financial
incentives and awards to designated participants and partners who assist in the
achievement of these goals.
RECAPTURE PROVISIONS
Although most recapture provisions are stated in each individual strategy, where not
stated, the SHIP funds will be subject to recapture if the home assisted shall cease to be
the principal residence (homestead property) of the household, is sold, rented, refinanced,
or if title is transferred. Typically loans to very-low and low income households will be
in the form of a deferred payment type loan. The terms and conditions of other types of
loans and activities will be those as outlined in the City of Clearwater "Housing Pool" or
"Rehabilitation" underwriting guidelines, as amended from time to time. In certain
conditions when a home is refinanced, the loan may not be subject to recapture if the
refinancing meets the conditions as provided in the City of Clearwater "Subordination
Policy", as amended.
STRATEGIES
STRATEGY 1: DOWN PAYMENT AND CLOSING COSTS ASSISTANCE
The City of Clearwater, through its affordable housing programs and through eligible
sponsors shall provide SHIP funds to provide down payment and closing cost assistance
to income eligible homebuyers of very-low to moderate income. Preference will be given
to those individuals who have been displaced through divorce proceedings with evidence
of relinquishment of title to primary homestead property.
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City of Clearwater FY2003-2006 LHAP
In the case of New Construction development, the City may loan funds to Eligible
Sponsors for the construction of eligible housing, and in some cases, the associated
infrastructure, if the Eligible Sponsor is doing a subdivision. The interest on the
construction funds will be a zero percent (0%), a low-interest loan, or some combination
thereof. The determination on whether a loan will have an interest rate, will be
determined on a project-by-project basis, depending on such things as, but not limited to
the economics of each project. The construction funds will be repaid when the home is
sold to an eligible household. In terms of Annual Reporting, only the assistance that is
provided to the eligible household and associated development and processing fees will
be counted because all, or a portion of the funds that are loaned to the Eligible Sponsor
for the construction of an eligible dwelling(s) will be repaid to the City upon completion
of the home. At no time shall the amount of assistance that is "left-behind" to the
eligible household exceed the maximum subsidy levels established in this plan for this
strategy .
The City will also provide funding for assistance to homebuyers that may be used by the
borrower for down payment and/or closing costs, including such things as, but not limited
to, prepaid items and construction interest. The providing .of interest rate buy-downs will
also be an eligible activity under this strategy.
Funds cannot be utilized to payoff debts, collections, or past due amounts and will not be
provided when excessive fees or above market interest rates are being charged.
To be eligible for assistance, the household income of the home buyer must not exceed
the income limits, adjusted for family size as set forth by the income eligibility criteria in
compliance with the SlllP Program, which is based on the current applicable definitions
of median income for the area adjusted for family size published from time to time by the
U.S. Department of Housing and Urban Development and distributed annually by FHFC.
The homebuyer must, also, be a citizen of the United States of America or a permanent
resident alien possessing a "green card".
Eligible properties are classified as an existing property or newly constructed property
that is publicly or privately held for sale to a potential homebuyer and meets the
following requirements:
. Is a single family residence
. Is a condominium unit
. Is a townhouse
. Is a manufactured home that meets the provisions of Section 553 F.S,
. Is owner-occupied
. Is built prior to 1978 with no evidence of chipping, peeling or chalking paint, or if
built prior 1978 the home must be inspected for lead based paint. ,
. Does not exceed the maximum allowable sales price as established and approved by
the City and FHFC, as amended when the new sales figures are released annually as a
result of the local Pinellas County Bond Study.
. Must be located within the City limits of Clearwater
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City of Clearwater FY2003-2006 LHAP
Deferred payment or low-interest loans will be available to homebuyers for down
payment and closing cost assistance with the following stipulations:
. Loan term is not to exceed 30 years
· Loans will be secured by a note and subordinate mortgage security instrument
recorded in the public records of Pine lIas County, Florida until satisfied
· Repayment of the loan will be a low-interest loan, deferred payment loan at 0% or
some combination thereof
· Deferred payment loans may have a decreasing loan balance that will be defined in
the mortgage note.
· Recapture of the entire principal balance of the loan is due and payable in full:
. Upon sale or transfer of title to the property
· The property is vacated and/or is no longer the primary residence of the borrower
· The property is converted into a rental unit
. Refinancing or assumption of financing the property
· Certain refinancing conditions may allow a loan to remain on the home
STRATEGY 2: REPLACEMENT HOUSING
The City of Clearwater recognizes that the housing stock in its older neighborhoods is
declining. Homes found to be unsafe will be identified through the assistance of non-
profit housing providers, code enforcement, local fire districts and City inspectors,
Homes found to subject to condemnation may be referred for consideration of
replacement. As a result of condemnation, however, homeowners may be caused to
experience displacement. SHIP and/or CDBG funds will be made available to assist with
relocation of the homeowner during the construction period.
SHIP funds will be used for the demolition and construction of a new home, replacing the
dilapidated single-family structure.
The City of Clearwater will provide for the replacement of housing units for eligible
very-low and low-income persons. The City of Clearwater shall provide funds to
demolish and reconstruct and/or develop affordable owner-occupied housing that is found
to be code deficient to the point that rehabilitation is not economically feasible.
The assistance may remain in the unit as low interest loan or as a deferred payment loan.
Structures or property with the most immediate threat to the household, public health,
safety and welfare will receive priority consideration.
, Applicants must make an attempt to obtain maximum.1oan financing through traditional
lenders, Proof of applicant's attempt to obtain such financing must be evidenced by
either:
· Lender approval letter for maximum qualifying loan amount, or
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City of Clearwater FY2003-2006 LHAP
. Denial letters from two (2) lending sources
STRATEGY 3: OWNER-OCCUPIED REHABILITATION
The City of CleatWater, through its affordable housing programs and through eligible
sponsors shall provide funds for the rehabilitation of existing owner-occupied single
family residences located within the City limits of CleatWater. Funds shall also be
provided for Eligible Sponsors to purchase and rehabilitation of a single family structures
that may be in need of repair or modernization for the eventual sale to very-low to
moderate income households.
Loans shall be made available to eligible very-low, low and moderate income
households. Priority will be given to very low and low income households. The
assistance may be in the unit as a low interest loan or as a deferred payment loan.
Funding for assistance may be used by the homeowner for housing rehabilitation such as,
but not limited to, the following:
. Correct housing code deficiencies
. Eliminate incipient housing code violations
. Eliminate conditions having a demonstrative blighting influence on surrounding
properties
. Adapt residence to meeting accessibility needs of a handicapped family member
. Alleviate an overcrowded situation
After rehabilitation, the property, including all accessory structures must meet the City of
CleatWater Housing Code Standards.
The property cannot have any restrictions or encumbrances that would unduly restrict the
good and marketable nature of the ownership interest. The property must be occupied by
the owner who is assisted as their primary residence (homestead).
In the event of a disaster, the City of CleatWater would allocate its unencumbered
rehabilitation funding from SlllP, HOME and CDBG to assist very low, low and
moderate homeowners with repairs. In addition, non-profit organizations participating in
the City's Housing Pool would be encouraged to assist using Housing Pool funding.
STRATEGY 4: EMERGENCY HOME REPAIR
Funds will be provided for emergency repairs and will be made available to eligible very-
low, low and moderate income households. This strategy will be done in conjunction
with the housing Rehabilitation program the City of CleatWater will provide funds for
emergency repairs that may jeopardiz'e the health, safety and welfare of the household.
Conditions that may be considered as an emergency concern are as follows:
. Structural components that show signs of imminent collapse
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City of Clearwater FY2003-2006 LHAP
. Inoperable heating systems during winter months
. Water leaks in walls or foundation
. Inoperable toilet or hot water heater
. Roof leaks causing electrical hazards, ceiling collapse or structural damage
. Inoperable exterior doors and/or windows, preventing emergency egress
. Exposed bare wires or other imminent fIre hazard
. Collapsed or inoperable chimney or flue
. Falling ceiling
. Lead based paint
. Others as deemed necessary by the construction manager
In the event of a disaster, the City of Clearwater would allocate its unencumbered
Emergency Repair funding from SHIP, HOME and CDBG to assist very low, low and
moderate home owners with repair. In addition, non-profIt organizations participating in
the City's Housing Pool would be encouraged to assist using Housing Pool funding.
STRATEGY 5: DISABLED RETROFIT
Funding will be made available for the retrofItting of homes occupied by very-low, low
and moderate income disabled persons. Funding may be used to retrofIt owner occupied
units and will be provided in the form of a grant, deferred payment loan or low interest
loan to the eligible household. Improvements should be limited to infrastructure and
should not include purchase of personal items such as television sets, computers or
telephones. Improvements may include such things as:
. Wheel chair ramps
. Widening of doorways
. Lowering of cabinets
. Installation of grab-bars
. Visual guiding systems for the hearing impaired
. Improvements as deemed necessary for the disabled person to have a normal life
STRATEGY 6: MULTIFAMILY HOUSlNG
Funds may be provided as loans and/or grants to support the acquisition and
rehabilitation or new construction of multifamily housing, including single room
occupancy, transitional housing, or the housing portion of a mixed use facility and/or
mixed income projects. Funds may be used as a match for U.S. Department of Housing
and Urban Development's HOME program and various other programs offered by the
federal government and the State of Florida to produce and preserve multifamily housing.
Eligible Sponsors may apply for funding while funds are available, The terms and
conditions of the funds used in this strategy will be decided on case-by-case basis
depending on the economics of the project and whether or not the project can support a
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City of Clearwater FY2003-2006 LHAP
payment type loan. Loans will be deferred, zero interest, low-interest or some
combination thereof.
Recapture will be compliant with the HOME program requirements to ensure
affordability as set forth in the City of Clearwater's Consolidated Plan, providing that the
unit will be leased or rented to an eligible very low or low income household. When
HOME funds are used with SHIP, the most restrictive rules and regulations will apply.
SliP funds used to match federal HOME program moneys may be repaid to the HOME
program fund if required by federal law or regulations.
Loans or grants for eligible rental housing constructed, rehabilitated, or othetwise
assisted under this strategy must be reserved for eligible persons for 15 years or the term
of the assistance, whichever period is longer. Eligible sponsors that offer rental housing
for sale before l5 years or that have remaining mortgages funded under this strategy must
give a first right of refusal to eligible nonprofit organizations for purchase at the current
market value for continued occupancy by eligible persons.
The SliP assisted units in a rental housing project will be occupied only by households
that are eligible as very-low to low income families. Maximum monthly rent limits will
be those established annually by HUD and distributed by FHFC,
The City of Clearwater will establish maximum monthly allowances for utilities and
services and will review and approve rents proposed by the owner for units subject to the
maximum rent limitations. The owner cannot refuse to lease SHIP assisted units to a
certificate of voucher holder under 24 CFR part 982, Section 8 Tenant-Based Assistance:
Unified Rule for Tenant-Based Assistance under the Section 8 Rental Certificate Program
and the Section 8 Rental Voucher Program.
STRATEGY?: SINGLE FAMILY ASSISTED BOND PROGRAM
The City of Clearwater will provide SHIP funds to an eligible sponsor who shall be a
local Housing Finance Authority (HFA). The SHIP funds will be for eligible very-low,
low and moderate-income households to be used in conjunction with local bond issues.
SHIP funds will be used to create a blended rate and thereby lowering the interest rate on
the bond financed loans for eligible households. Loans can be for acquisition of existing
homes, new construction and rehabilitation of existing homes.
The SliP funds will be provided to the local HFA at zero percent (0%) interest for very-
low, low and moderate income households and be leveraged with their bond funds. The
bond documents will specify the applicant selection criteria for the programs. Recipients
will be selected based on compliance with all eligibility requirements of the SliP
Program and thereafter served on a first come, first served basis.
The local HF A will assure that all City SHIP files are properly documented to assure
eligibility and compliance with SHIP guidelines, including expenditure guidelines and
also assure that all households assisted with the City's SHIP funds reside in the City of
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City of Clearwater FY2003-2006 LHAP
Clearwater by providing periodic reports to the City of all Clearwater households
assisted.
SillP Funds will be repaid to the City when the bond issue meets the Asset Parity Test.
Once the Asset Parity Test is reached (104%) with the bonds, and all premium bonds are
paid off, a portion of surplus funds generated by mortgage repayments will, at the HFA's
direction, be directed back to the HF A From those funds, the HF A will repay the SillP
investors (local jurisdictions) and itself on a pro rata basis until all funds deposited in that
issue are repaid. Repayment will be on a semi-annual basis. The Trustee manages those
accounts and each bond issue must meet it's own parity test and they will occur at
different times depending on the maturity of the issue, the number of prepayments and
other issues.
STRATEGY 8: FORECLOSURE PREVENTION
Funds will be provided to assist households who have been previously assisted with City
of Clearwater SillP funds in order to prevent foreclosure. The City will provide funds
only one time to bring a household current with their existing first mortgage, up to a
maximum of six (6) payments or the maximum allowable subsidy under this strategy.
The household must have been assisted with City of Clearwater SillP and/or HOME
funds within the past five (5) years and in order to provide assistance to bring current,
must be very-low, low or moderate income at the time the Foreclosure Prevention
assisted is provided. The amount of the assistance will be added to the borrower's
existing City of Clearwater loan through a modification of mortgage note. The household
must commit to enroll in a credit counselinglbudgeting course offered by an approved
local provider.
Assistance will only be provide where a valid (documented) hardship exist that is the
cause for the delinquency on their first mortgage payments. Such examples of hardship
include, but not limited to:
. Loss of Employment, through no fault ofborrower(s)
. Substantial Decrease in Household Income, through no fault ofborrower(s)
. Death of Spouse
. Temporary or Permanent Disability that Reduces Income
. Recent Divorce that Reduces Income
. Natural Disaster
. Fire
In certain cases where foreclosure on the first mortgage in inevitable, the City may use
SillP funds to payoff the first mortgage and restructure the loan and/or acquire the
dwelling and sell the property to an income eligible household.
14
City of Clearwater FY2003-2006 LHAP
LOCAL AFFORDABLE HOUSING INCENTIVES
The City of Clearwater has adopted a series of incentives to facilitate affordable housing.
Because Clearwater is nearly "built out" new development is typically done on an "in-
fill" basis. The City has worked with numerous developers on major construction in the
past and in those activities, the City facilitated the developer's applications, assisted with
permitting and provided a variety of incentives making projects attractive in the City,
The City of Clearwater continues to address the two required statutory affordable housing
incentives through collaboration between those City departments that are involved in the
preservation and production of affordable housing. The two required affordable housing
incentives are: 1. Assurance that permits as defined in Chapter l63.3l64(7) and (8) F.S.
for affordable housing projects are expedited to a greater degree than other projects
(420.9076(4)(a) F.S.; 2. An ongoing process for review of local policies, ordinances,
regulations, and plan provisions that increase the cost of housing prior to their adoption
(420.9076(4)(i) F.S. The City has utilized the other affordable housing incentives as
contained in 420.9076(4).
In addition to City of Clearwater Staff, the City's NAHAB reviews, monitors and
evaluates the physical envit:onment and lifestyle of very-low to moderate income
households assisted by the programs that the City administers through the Housing
Division. The NAHAB also recommends specific initiatives to encourage or facilitate
affordable housing while protecting the ability of the property to appreciate in value.
Such recommendations may include the modification or repeal of existing policies,
procedures, ordinances, regulations or plan provisions; the creation of exceptions
applicable to affordable housing; or the adoption of new policies, procedures, regulations,
ordinances or plan provisions.
The NAHAB reviews local programs by assessing neighborhood needs, formulating
neighborhood goals and objectives, all in constant consult with the Housing Division.
They also establishing priorities for projects within neighborhoods, and in addition,
monitor and evaluate programs and make recommendations to the City Commission
regarding such programs.
The City of Clearwater holds public hearings and meetings to obtain citizen views and
responds to citizen proposals and questions about proposed activities and program
performance. Citizens and other partners emphasize the need for a broad range of
opinion in the establishment of goals, objectives, projects and priorities and in the
application, monitoring and evaluation of funded programs.
Due to the relatively low numbers of new construction at the "affordable" level, and the
fact that each development needs different types of incentives, projects are handled on a
case-by-case basis.
Typically, the City's Economic Development and/or Housing Division meets with a
prospective affordable housing developer(s) to determine the level of assistance and
15
City of Clearwater FY2003-2006 LHAP
needs of the project. Staff then assists the developer through the Building, Planning and
Engineering departments for plan review and the other various applications needed for
approval. This allows the Housing and/or Economic Development Division to
troubleshoot and provide explanations immediately. Because project needs are
established up front, assistance can be provided seamlessly.
ADMINISTRATION
The State Housing Initiatives p,artnership Program (SHIP) administration shall not exceed
10% of the City's annual allocation and 5% of program income received:
FY2003-2004 FY2004-2005 FY2005-2006
Salaries/Benefits,
Operating Equipment,
Travel/Training,
Supplies, $90,000.00 $90,000.00 $90,000.00
Membership Dues
TOTAL $90,000.00 $90,000.00 $90,00,00
HOUSING DELIVERY GOALS
See Attachment "A" - "Housing Delivery Goals Chart", attached hereto and made a part
thereof.
TIMELINE FOR EXPENDITURES
See Attachment "B" - "Timeline for Expenditures ", attached hereto and made a part
thereof.
CERTIFICATION PAGES
See Attachment "C" - "Certification ", attached hereto and made a part thereof.
16
CITY OF CLEARWATER, FLORIDA
STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM
LOCAL HOUSING ASSISTANCE PLAN
STATE FISCAL YEARS 2003.2006
2003.2004 AVERAGE/MAXIMUM AWARDS
STRATEGY #1 -
DOWN PAYMENT & CLOSING COSTS ASSISTANCE
Proposed average cost per unit...... ..,...........,..,.., ... ......... ....... ... .....$1 0,000,00
Proposed maximum cost per unit... ...... ......... ...,..... ... ...... ...... .........$35,800.00
Proposed 2003-2004 maximum cost per unit....................................$35,800.00
Proposed 2003-2004 average SHIP cost per unit................................$10,000.00
Proposed Number of households assisted...........................................,.....12
STRA TGY #2 .
REPLACEMENT HOUSING
Proposed average cost per unit............ ............ ...... ..'.., ...... ..,...... ..,$40,000.00
Proposed maximum cost per unit............ ......... ...... ...... ............... ...$80,000,00
Proposed 2003-2004 maximum cost per unit ....................................$80,000,00
Proposed 2003-2004 average SHIP cost per unit..............................,$40,000.00
Proposed Number of households assisted..................... ..................,..... ..2
STRATEGY #3 -
OWNER OCCUPIED REHABILITATION
Proposed average cost per unit...................................,..,............ ...$20,000.00
Proposed maximum cost per unit......... ............... ...... ......... ..,..,. .....$75,000.00
Proposed 2003-2004 maximum cost per unit...........................,..... ...$75,000,00
Proposed 2003-2004 average SHIP cost per unit.............................. $20,000.00
Proposed Number of households assisted.....................,..... ...........,..........12
STRATEGY #4 -
EMERGENCY REPAIR OF EXISTING UNITS
Proposed average cost per unit.......................,............,............ ,..$7,500.00
Proposed maximum cost per unit...... ...... ........,... ...... .............. ...",$10,000.00
Proposed 2003-2004 maximum cost per unit..,.....,......,...................$10,000.00
Proposed 2002-2002 average SHIP cost per unit.........................,... $10,000.00
Proposed N umber of households assisted............,.......,.......................... 6
STRATEGY #5 -
DISABLED RETROFIT
Proposed average cost per unit..............,...................................... .$1 0,000.00
Proposed maxi mum cost per unit..................,..,............................ .$1 0,000.00
Proposed 2003-2004 maximum cost per unit...,................................$10,000.00
Proposed 2003-2004 average SHIP cost per unit..........,....................$10,000.00
Number of households assisted...... ... ...,..... ... ...',.. ..,.., .....".. ..... .... ... ..,. ,. ,....4
2003.2004 LHAP AVERAGE/MAXIMUM AWARDS
Page 2 - April 2003
STRATEGY #6 -
SINGLE FAMILY BOND PROGRAM ASSISTANCE
Proposed average cost per unit..................................................... .$5,000.00
Proposed maximum cost per unit........................ ......... ......,..... ......$35,000,00
Proposed 2003-2004 maximum cost per unit......,.............................$35,000.00
Proposed 2003-2004 average SHIP cost per unit...............................$5,000.00
Number of households assisted... ......... ...,................. ...,..... ...,..... ......,....16
STRATEGY #7 -
MULTIFAMILY HOUSING
Proposed average cost per unit.............................,......,....,........... .$25,000.00
Proposed maximum cost per unit... ...... ...... ............ ...... ...... ......... ...$75,000.00
Proposed 2003-2004 maximum cost per unit.....................,..............$75,000.00
Proposed 2003-2004 average SHIP cost per unit...............................$25,000.00
Number of households assisted.............................. .,.. ......... .....,... ..,........20
STRATEGY #8 -
FORECLOSURE PREVENTION
Proposed average cost per unit..................................................... .$3,000.00
Proposed maximum cost per unit... .".........,..,.. ... ............... ... ...... ...$7,500.00
Proposed 2003.2004 maximum cost per unit....................................$7,500.00
Proposed 2003-2004 average SHIP cost per unit...............................$3,000.00
Number of households assisted............ ... ......... ...... ...... ...... ......... ...........5
CITY OF CLEARWATER, FLORIDA
STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM
LOCAL HOUSING ASSISTANCE PLAN
STATE FISCAL YEARS 200$.2006
2004 - 2005 AVERAGE/MAXIMUM AWARDS
STRATEGY #1 -
DOWN PAYMENT & CLOSING COSTS ASSISTANCE
Proposed average cost per unit... .....,............,.. ,..,........ ...'.'.... ... .....$1 0,000,00
Proposed maximum cost per unit.................. ,.. ......... ... ,..... ,., .........$35,800.00
Proposed 2004-2005 maximum cost per unit....,........,..,......,............$35,800.00
Proposed 2004-2005 average SHIP cost per unit........,.................,....,$10,000.00
Proposed Number of households assisted........,......... .....................,..,......12
STRA TGY #2 -
REPLACEMENT HOUSING
Proposed average cost per unit... ....."..,........,.. ,..'..... ... ...... ..... ....,..$40,000.00
Proposed maximum cost per unit...... ............ ........., ........ ...... ...... ...$80,000.00
Proposed 2004-2005 maximum cost per unit ................,....................$80,000.00
Proposed 2004-2005 average SHIP cost per unit...............................$40,000.00
Proposed Number of households assisted..................... ..............,......... ..2
STRATEGY #3 -
OWNER OCCUPIED REHABILITATION
Proposed average cost per unit... ...... ............ ...... ... .,.... ... ... ... ...... ...$20,000.00
Proposed maximum cost per unit....,...........,................,............... ..$75,000.00
Proposed 2004-2005 maximum cost per unit..............,............,.....,...$75,000,OO
Proposed 2004-2005 average SHIP cost per unit.............................. $20,000.00
Proposed Number of households assisted........, ... ...... ..... ....... ......... ... .......12
STRATEGY #4 -
EMERGENCY REPAIR OF EXISTING UNITS
Proposed average cost per unit...... .........., ..,................... ,.. ,...... ...$7,500.00
Proposed maximum cost per unit... ..,...,........ ......... ...... .................$10,000.00
Proposed 2004-2005 maximum cost per unit....................,..,...........$10,000.00
Proposed 2002-2002 average SHIP cost per unit..................,.......... $10,000.00
Proposed Number of households assisted.................. ............... ........, .....6
STRATEGY #5 -
DISABLED RETROFIT
Proposed average cost per unit...,........ ............... ...... ...... ... ..... .... ...$1 0,000.00
Proposed maximum cost per unit......... ......... ..".. ... ...... ...,.. ... .....,...$1 0,000.00
Proposed 2004-2005 maximum cost per unit,...................,...............$10,000.00
Proposed 2004-2005 average SHIP cost per unit.......,..,....................$10,000.00
Number of households assisted......,..... ..........., ......... ...... ..".. ... ... ... ,:. ........4
2004.2005 LHAP AVERAGE/MAXIMUM AWARDS
Page 2 - April 2003
STRATEGY #6 -
SINGLE FAMILY BOND PROGRAM ASSISTANCE
Proposed average cost per unit.......................".....,;.........,........... .$5,000.00
Proposed maximum cost per unit... ...... ....., ... ... ...........,...... ......... ...$35,000.00
Proposed 2004-2005 maximum cost per unit....................................$35,000,OO
Proposed 2004-2005 average SHIP cost per unit...............................$5,000.00
Number of households assisted.....,.., ............... ,..... ... ......,.. ... ...... ,.,....,...1 0
STRATEGY #7 -
MULTIFAMILY HOUSING
Proposed average cost per unit.................................................... ..$25,000.00
Proposed maximum cost per unit............ ............,.........., ...... .........$75,000.00
Proposed 2004-2005 maximum cost per unit.........,..,.........,.............$75,000.00
Proposed 2004-2005 average SHIP cost per unit..................,............$25,OOO.00
Number of households assisted...............,.............................,........,.... ...20
STRATEGY #8 -
FORECLOSURE PREVENTION
Proposed average cost per unit.....................,.............................. ..$3,000.00
Proposed maximum cost per unit...... .....,...... ...... ..................... ......$7,500.00
Proposed 2004-2005 maximum cost per unit......,....................,........$7,500.00
Proposed 2004-2005 average SHIP cost per unit...............................$3,000.00
Number of households assisted.., .....,... ... ............... ... ... ... ...... .........,......,5
C I T Y 0 F C LEA R W A T ER, F LOR I D A
STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM
LOCAL HOUSING ASSISTANCE PLAN
STATE FISCAL YEARS 2003-2006
2005 - 2006 AVERAGE/MAXIMUM AWARDS
STRATEGY #1 -
DOWN PAYMENT & CLOSING COSTS ASSISTANCE
Proposed average cost per unit......... ...... ......... ." .., ... ...... ....... ........$1 0,000.00
Proposed maximum cost per unit.........,..... ......... ......... ......... ...... ..,$35,800.00
Proposed 2005.2006 maximum cost per unit.................................. ..$35,800.00
Proposed 2005-2006 average SHIP cost per unit...............................,$10,000.00
Proposed Number of households assisted..........................................,......12
STRA TGY #2 -
REPLACEMENT HOUSING
Proposed average cost per unit... ............................ ~.........,......... ..,$40,000.00
Proposed maximum cost per unit......,.. ...... .....,... ....., ....., ......... ... ..,$80,000.00
Proposed 2005.2006 maximum cost per unit ...................................,$80,000.00
Proposed 2005.2006 average SHIP cost per unit...............................$40,000.00
Proposed Number of households assisted...........,..,...... ........................ ..2
STRATEGY #3 .
OWNER OCCUPIED REHABILITATION
Proposed average cost per unit.................................... ....,............ .$20,000.00
Proposed maximum cost per unit..................... ,.. ......... ......... .........$75,000.00
Proposed 2005.2006 maximum cost per unit...................................,$75,000.00
Proposed 2005.2006 average SHIP cost per unit.............................. $20,000.00
Proposed Number of households assisted.....................,.....,.."....,....,......,12
STRATEGY #4 .
EMERGENCY REPAIR OF EXISTING UNITS
Proposed average cost per unit..................,.............................. ...$7,500.00
Proposed maximum cost per unit..............,.................. ............... ..$1 0,000.00
Proposed 2005.2006 maximum cost per unit.....,.............................$10,000.00
Proposed 2002.2002 average SHIP cost per unit............................. $10,000.00
Proposed Number of households assisted................"..,..................,....,..6
STRATEGY #5 .
DISABLED RETROFIT
Proposed average cost per unit............... ,.. '............ ,.................... ..$1 0,000.00
Proposed maximum cost per unit............... ......... ......... ......... ...... ...$1 0,000.00
Proposed 2005.2006 maximum cost per unit...............................,....$10,000.00
Proposed 2005.2006 average SHIP cost per unit..........,....................$10,000.00
Number of households assisted... .....,............. ......... ... ...,.. ... ...,........ ... ... .....4
2005-2006 LHAP AVERAGE/MAXIMUM AWARDS
Page 2 - April 2003
STRATEGY #6 -
SINGLE FAMILY BOND PROGRAM ASSISTANCE
Proposed average cost per unit....................,............................. ....$5,000,00
Proposed maximum cost per unit........, ......... .........,.. ... .....,..,...... ...$35,000.00
Proposed 2005-2006 maximum cost per unit....................................$35,000.00
Proposed 2005-2006 average SHIP cost per unit...............................$5,000.00
Number of households assisted... ... .....,...... ...... ...... ...,.. ,..... ,.. ..,... ...... .....16
STRATEGY #7 -
MULTIFAMILY HOUSING
Proposed average cost per unit............ ...... ......... ...... ... ......... .........$25,000.00
Proposed maximum cost per unit............... ............ ....,......... ....... ...$75,000.00
Proposed 2005-2006 maximum cost per unit........,...........................$75,000.00
Proposed 2005-2006 average SHIP cost per unit.....,.........................$25,000.00
Number of households assisted...... ..................,........ ...... ...... ..........., .....20
STRATEGY #8 -
FORECLOSURE PREVENTION
Proposed average cost per unit............ ...... .............,. ,.............. ......$3,000.00
Proposed maximum cost per unit...,..... ......... ...... ............ ..... .,..... ,.,$7,500.00
Proposed 2005-2006 maximum cost per unit..................,..,..............$7,500.00
Proposed 2005-2006 average SHIP cost per unit...............................$3,000.00
Number of households assisted,.".. ......... ... ...... ... ...... ...,..,.. ...,.. ... ,.. ........5
_. ...~.,. - '..~ , ...~ , '" - ...~ ... .~., - ..'~
flORIDA HOUSING FINANCE CORPORATION Pltfl!It chK'k llPplicablt box, It if AmtRlinml, tnLu numbl!'f
HOUSING DELIVERY GOALS CHART New Plan: X
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR: 2003-2004 iAmendment:
Fiscal Yr. Closeout:
Name of Local Government: City of Clearwater I Available Funds: 1$ 900,000 I
'DownPaymentlaosingCost 2 $35,800 5 $35,800 3 $25,000 $100,000.00 $35,000.00 $25,000.00 $160,000.00 17.78% 10
. Replacement Housing 1 $80,000 1 $80,000 $90,000.00 $90,000.00 10.00% 2;
Rehabilitation 4 $75,000 3 $75,000 1 $75,000 $150,000.00 $1 50,000.00 16.67% 81
; Emergency Repair 2 $10,000 2 $10,000 0 $10,000 $60,000.00 $60,000.00 6.67% 4
,Disabled Retrofit 2 $10,000 1 $10,000 0 $10,000 $30,000.00 $30,000.00 3.33% 3
Single Family Bond Program 7 $35,000 7 $35,000 2 $35,000 $40,000.00 $35,000.00 $75,000.00 8.33% 16
Foreclosure Prevention 2 $7,500 2 $7,500 1 $7,500 $20,000.00 $20,000.00 2.22% 5
$0.00 0.00% 0
Subtotal 1 (Home Ownership) 20 21 7 $100,000.00 $425,000.00 $60,000.00 $585,000.00 65.00% 48
Rental RehabilitationlNew Construction 10 $75,000 10 $75,000 $150,000.00 $1 50,000.00 16.67% 20
$0.00 0.00% 0
. $0.00 0.00% 0
$0.00 0.00% 0
$0.00 0.00% 0
,Subtotal 2 (Non-Home Ownership) 10 10 0 $0.00 $150,000.00 $0.00 $1 50,000.00 16.67% 20
Administration Fees $90,000.00 10.00%
Admin. From Program Income 0.00%
Home Ownership Counseling $75,000.00 8.33%
GRAND TOTAL
dd 5ubtmals f &, 2, ,Ius all AGnin. & HO Counnlq 31 7 $100,000.00 $575,000.00 $60,000.00 $900,000,00 100.00% 68
Percentage Construction/Rehab Calculate Constr JRehab Percent. by adding Grand Total Columns MB, then di\lide by Annual Allocation Amt 75.00%
Maximum Allowable
Purchase Price: New $179,479 Existing $129,962.00
Allocation Breakdown Amount % Projected Program Income: Max Amount Program Income For Admin: I
Very-Low Income $279,300,00 31,0% Projected Recaptured Funds:
Low Income $279,300,00 31.0% Distribution: $900,000,00
. Moderate Income $176,400,00 19,6% Total Available Funds: $900,000,00
TOTAL $735,000,00 81.7% 17-Mar-03 03:16 PM
Attachment "A"
, -- . .~ -" ... - _.~ _.~ , ..-, ,".-.
FLORIDA HOUSING FINANCE CORPORATION Phast. ChKkapplk-ablf box,. &, jf Amtmmtn1, enter number
HOUSING DELIVERY GOALS CHART New Plan: , X
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR: 2004-2005 Amendment:
Fiscal Yr. Closeout:
Name of Local Government: City of Clearwater I Available Funds: 1$ 900,000 I
A B C 0 E F
, Down Payment/dosing Cost 2 $35,800 5 $35,800 3 $25,000 $100,000.00 $35,000.00 $25,000.00 $160,000.00 17.78% 10 !
. Replacement Housing 1 $80,000 1 $80,000 $90,000.00 $90,000.00 10,00% 2 f
Rehabilitation 4 $75,000 3 $75,000 1 $75,000 $150,000,00 $150,000.00 16.67% 81
'Emergency Repair 2 $10,000 2 $10,000 0 $10,000 $60,000.00 $60,000.00 6.67% 4;
Disabled Retrofit 2 $10,000 1 $10,000 0 $10,000 $30,000.00 $30,000.00 3.33% 3 i
, Single Family Bond Program 7 $35,000 7 $35,000 2 $35,000 $40,000.00 $35,000.00 $75,000.00 8.33% ,
16 ~
,lForeclosure Prevention 2 $7,500 2 $7,500 1 $7,500 $20,000.00 $20,000.00 ,
2.22% 5 i
$0.00 0.00% 0;
Subtotal 1 (Home Ownership) 20 21 7 $100,000.00 $425,000.00 $60,000.00 $585,000.00 65.00% 48 i
: Rental RehabilitationlNew Construction 10 $75,000 10 $75,000 $150,000,00 $150,000.00 16.67% 20 !
$0.00 0.00% O~
$0.00 0.00% O(
$0.00 0.00% oj
$0.00 0.00% 0;
. Subtotal 2 (Non-Home Ownership) 10 10 0 $0.00 $150,000.00 $0.00 $150,000.00 16.67% 20 !
Administration Fees $90,000.00 10.00%
Admin. From Program Income 0.00%
Home Ownership Counseling $75,000.00 8.33%
GRAND TOTAL ~
dd 5UbtDtlll5 1 &. 2, phs all Acbin. &. HO Counsding 31 7 0 $575000.00 $60,000.00 $900,000.00 100.00% ,
Percentage Construction/Rehab Calculate Con.tr ./Rehab P.......t. by adding Grand T olal Columns A&B, th... dMde by Annual Allocation Aml 75.00%
Maximum Allowable
Purchase Price: New $179,479 Existing $129,962.00
Allocation Breakdown Amount % Projected Program Income: Max Amount Program Income For Admin: I I
. Very-Low Income $279,300,00 31,0% Projected Recaptured Funds:
Low Income $279,300,00 31.0% Distribution: $900,000,00
Moderate Income $176,400,00 19,6% Total Available Funds: $900,000,00
TOTAL $735,000,00 81.7% ,...","...."...,1..,..., 17-Mar-03 03:16 PM
. ',,".~ .."".,,-,~..,, '~~',' "'''''''_~''"'~'''~~''''_~_'-_'__''-__'"W~~_'"''''_''''~ ._,~~~ """.'''-.- ".~ ,"""',-.-~-,."....~- -"'-"~~-,",^,.~ ,....""-,~'"-~ ,-<,...,-~-".",..-~-,". - - ~,.- ...." '~'"..,.~,,~~--,;-~,..
Attachment "A"
.'~ , '-' ,-. --
FLORIDA HOUSING FINANCE CORPORATION "_ CMck applicolblr bl>>l, &. jf Amtmmrnt.. ttd.u numbrr
HOUSING DELIVERY GOALS CHART New Plan: X
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR: 2005-2006 Amendment:
Fiscal Yr. Closeout:
Name of Local Government: City of Clearwater I Available Funds: 1$ 900,000 I
A B C D E F
; Down Paymentl005ing Cost 2 $35,800 5 $35,800 3 $25,000 $100,000.00 $35,000.00 $25,000.00 $1 60,000.00 17 .78% 10 i
Replacement Housing 1 $80,000 1 $80,000 $90,000.00 $90,000.00 10.00% 2 i
Rellabllltation 4 $75,000 3 $75,000 1 $75,000 $150,000.00 $1 50,000.00 ,
16.67% 81
Emergency Repair 2 $10,000 2 $10,000 0 $10,000 $60,000.00 $60,000.00 6.67% 4
. Disabled Retrofit 2 $10,000 1 $10,000 0 $10,000 $30,000,00 $30,000.00 3.33% 3
Slnlll. Family Bond Program 7 $35,000 7 $35,000 2 $35,000 $40,000.00 $35,000.00 $75,000.00 8.33% 16
Foreclosure Prevention 2 $7,500 2 $7,500 1 $7,500 $20,000.00 $20,000.00 2.22% 5
$0.00 0.00% 0
Subtotal 1 (Home Ownership) 20 21 7 $100,000.00 $425,000.00 $60,000.00 $585,000.00 65.00% 48 :
i
Rental RehabilltationlNew Construction 10 $75,000 10 $75,000 $150,000.00 $1 50,000.00 16.67% 20
$0.00 0.00% 0
$0.00 0.00% 0
$0.00 0.00% 0
$0.00 0,00% 0
Subtotal 2 (Non-Home Ownership) 10 10 0 $0.00 $150,000.00 $0.00 $150,000.00 16,67% 20 i
Administration Fees $90,000.00 10.00%
Admin. From Program Income 0.00%
Home Ownership Counseling $75,000.00 8.33%
GRAND TOTAL
ddSuIItotaIs 1 &2, plus all Attnin. &HO CounIrllng 3 31 $575,000.00 $60,000.00 $900,000.00 100.00% 681
Percentage Construction/Rehab Calculate Constr .!Rehab Percent. by adding Grand T ota! Columns A&8, then divide by Annual Allocation AmI. 75.00%
Maximum Allowable
Purchase Price: New $179,479 Existing $129,962.00
Allocation Breakdown Amount % Projected Program Income: Max Amount Program Income For Admin: I
'Very-Low Income $279,300,00 31.0% Projected Recaptured Funds:
Low Income $279,300,00 31.0% Distribution: $900,000,00
Moderate Income $176,400,00 19,6% Total Available Funds: $900,000,00
TOTAL $735,000,00 61,7% 17-Mar-03 03:17 PM
.' -"''''''.,,'''' ''''r,'~._''"" . -'~".,~~,,".' _"c"'"' ,'.,'" ",.."~,~~.,,,~. -'>'"~~-''',''' ' _.."",,~~.,,,~ - .>...~ C'~"'''~'~''~''''~'''''''''''~~."''_~''''~',..._,->-."_ """,,,'~.-.",""'~- '-""_'~'_'"~"~_""''''''''_''"'"~~~'o".^.",
Attachment "An
Attachment "B"
TIMELlNE FOR STATE FISCAL YEAR 2003-2004
Local Government: CITY OF CLEARWATER
Submit a form for each FY
Adverti5EI AvailabUily of Funds X
App6cation Period(On-GoIng) X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X
Start Program Year X
Annual Report X X X
Mid--Year Review/Adjustments X
End-Year R8IIiew/Adjusmen18 X X X X
Encumbrance Deadline X
Expenditure Deadline X
Final Program Review X
Directions:
Type in the applicable years across the top line.
List Program Activities down left hand side. Type in an "X"
on applicable activity line under month and year the activity will be initiated or completed.
At a minimum the following activities should be included:
1) Advertise availability of funds and application period
2) Encumbrance of funds (12 months following end of state Fiscal Year)
3) Expenditure of funds (24 months following end of State Fiscal Year).
4) Submit Annual Report to FHFC (September 15th)
3198
Attachment "B"
TIMELlNE FOR STATE FISCAL YEAR 2004-2005
Local Government: CITY OF CLEARWATER
Submit a form for eadl FY
Advertise Availability of Funds X
Apptication Period(On-Going) X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X
Start Program Year X
Annual Report X X X
Mid-Year ROIIiew/AdjuslmenlB X
End-Yea, ROIIiew/AdjuslmenlB X X X X
Encumbrance Deadline X
Expenditure Deadline X
F'Utal Program Review X
Directions:
Type in the applicable years across the top line.
List Program Activities down left hand side. Type in an "X"
on applicable activity line under month and year the activity will be Initiated or completed.
At a minimum the following activities should be included:
1) Advertise availability of funds and application period
2) Encumbrance of funds (12 months following end of State Fiscal Year)
3) Expenditure of funds (24 months foliowing end of State Fiscal Year).
4) Submit Annual Report to FHFC (September 15th)
3'9.
Attachment "B"
TIMELlNE FOR STATE FISCAL YEAR 2005-2006
Local Government: CITY OF CLEARWATER
Submit a form for each FY
Advertise Availability of Funds X
Application Period(On-Going) X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X
Start Program Year X
Annual Report X X X
Mid-Year R6IIiow/AdJue1menls X
End-Year R8View/Adjustmente X X X X
Encumbrance Deadline X
Expenditure Deadline X
Final Program Review X
I
Directions:
Type In the applicable years across the top line.
List Program Activities down left hand side. Type In an "X.
on applicable activity line under month and year the activity will be Initiated or completed.
At a minimum the following activities should be Included:
1) Advertise availability of funds and application period
2) Encumbrance of funds (12 months following end of state Fiscal Year)
3) Expenditure of funds (24 months following end of State Fiscal Year).
4) Submit Annual Report to FHFC (September 15th)
319.
City of Clearwater
SHIP 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 or as required in Section 420.9075 (3)(e)
(18) The Planmeets the requirements of Section 420-907-9079 F.S., and Rule Chapter 67-37
FAC, and how each of those requirements shall be met.
(19) The provisions of Chapter 83-220, Laws of Florida has/has not been implemented.
CITY OF CLEARWATER, FLORIDA
By: &J~.~"11
William B. Horne II
City Manager
Approved as to form:
Attest:
k~
Cynthia E. Goudeau
City Clerk
2
September 2002
CERTIFICATION TO
FLORIDA HOUSING FINANCE CORPORATION
Local Government: CITY OF CLEARWATER
(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, religion, color, age, sex, familial or marital
status, handicap, 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.
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September 2002