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15-05RESOLUTION NO. 15 -05 A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA, APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420.907 - 420.9079, FLORIDA STATUTES; AND RULE CHAPTER 67 -37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE, AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; PROVIDING AN EFFECTIVE DATE. WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92 -317 of Florida Sessions Law, allocating a portion of documentary stamp taxes on deeds to local governments for the development and maintenance of affordable housing; and WHEREAS, the State Housing Initiatives Partnership (SHIP) Act, ss.420.907- 9079, Florida Statutes (1992), and Rule Chapter 67 -37, Florida Administrative Code, requires local governments to develop a one to three year Local Housing Assistance Plan outlining how funds will be used, and WHEREAS, the SHIP Act further requires local governments to establish the maximum SHIP funds allowable for each strategy; and WHEREAS, the SHIP act further requires local governments to establish an average area purchase price for new and existing housing benefiting from awards made pursuant to the Act, therefore, the methodology and purchase prices used are defined in the attached Local Housing Assistance Plan; and WHEREAS, as required by section 420.9075, Florida Statutes, it is found that five percent (5 %) of the local housing distribution plus five percent (5 %) of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan. The cost of administering the program may not exceed ten percent (10 %) of the local housing distribution plus five percent (5 %) of program income deposited in the trust fund, except that small counties, as defined in s. 120.52(17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs; and Resolution No. 15 -05 WHEREAS, the Economic Development and Housing Department has prepared a three -year Local Housing Assistance Plan incorporating the above - referenced provisions and requirements for submission to the Florida Housing Finance Corporation; and WHEREAS, the City Council finds that it is in the best interest of the public for the City of Clearwater to submit the Local Housing Assistance Plan for review and approval so as to qualify for said documentary stamp tax funds. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA: Section 1. The City Council of the City of Clearwater hereby approves the Local Housing Assistance Plan for submission to the Florida Housing Finance Corporation as required by ss. 420.907 - 420.9079, Florida Statutes, for state fiscal years 2015 -16, 2016 -17 and 2017 -18 (attached hereto and incorporated herein as Exhibit "A "), which, among other things, establishes the maximum SHIP funds allowable for each local housing assistance strategy, establishes an average area purchase price for new and existing housing, and finds that five percent of the local housing distribution plus five percent of the program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan. Section 2. The Mayor is hereby designated and authorized to execute any documents and certifications required by the Florida Housing Finance Corporation as related to the Local Housing Assistance Plan, and to do all things necessary and proper to carry out the terms and conditions of said program. Section 3. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 1 6th day of April , 2015. Approved as to form: ---C(e011,(VrAqk°5 George N. Cretekos Mayor Attest: AtAlLevr Laura Mahony or : gemarie C II Assistant City Attorney City Clerk 2 i1ISHEo Resolution No. 15 -05 SHIP LHAP Template 2015 Revised Date: 10/2014 SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) 2015 -2016, 2016 -2017, and 2017 -2018 ECONOMIC DEVELOPMENT & HOUSING DEPARTMENT APRIL 2015 1 SHIP LHAP Template 2015 Revised Date: 10/2014 Table of Contents Title Page #: Section I. General Program Description: 3 Section II. LHAP Strategies: A: New Construction 8 B: Acquisition of Existing Homes with Rehabilitation 11 C: Down Payment Assistance for Existing Homes without Rehabilitation 14 D: Owner - Occupied Rehabilitation 16 E: Multi- Family Housing 19 F: Disaster Mitigation Strategy 21 Section III. LHAP Incentive Strategies: A: Expedited Permitting 22 B: Ongoing Review Process 22 C: The allowance of flexibility densities for affordable housing 23 D: The reduction of parking setback requirements for affordable housing 23 E: The allowance of flexible lot configurations, including zero -lot -line configuration for 24 affordable F: The preparation of a printed inventory of locally -owned public lands suitable for affordable 24 Housing G: The support of development near transportation hubs, and major employment centers 25 and mixed -used development 2 SHIP LHAP Template 2015 Revised Date: 10/2014 Section IV. Exhibits: Exhibit A: Administrative Budget for each fiscal year covered in the Plan 27 Exhibit B: Deadlines for Encumbrances and Expenditures 28 Exhibit C: Housing Delivery Goals Charts (HDGC) for each fiscal year covered in the Plan 31 Exhibit D: Certification Page 34 Exhibit E: Adopting Resolution 36 Exhibit F: Information Sheet 38 3 SHIP LHAP Template 2015 Revised Date: 10/2014 I. General Program Description: A. Name of the participating local government and Interlocal if Applicable: CITY OF CLEARWATER Interlocal: Yes No X If "Yes ", name of participating local government(s) in the Interlocal Agreement; A copy of the Interlocal Agreement must be attached as Exhibit H. B. Purpose of the program: Creation of the Plan is for the purpose of: 1. To meet the housing needs of the very low, low and moderate income households; 2. to expand production of and preserve affordable housing; and 3. to further the housing element of the local government comprehensive plan specific to affordable housing C. Fiscal years covered by the Plan: 2015 -2016, 2016 -2017 and 2017 -2018 D. Governance: The SHIP Program is established in accordance with Section 420.907 -9079, Florida Statutes and Chapter 67 -37, Florida Administrative Code. Cities and Counties must be in compliance with these applicable statutes, rules and any additional requirements as established through the Legislative process. E. Local Housing Partnership: The SHIP Program encourages building active partnerships between government, lenders, builders and developers, real estate professionals, advocates for low - income persons and community groups. F. Leveraging: The Plan is intended to increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. SHIP funds may be leveraged with or used to supplement other Florida Housing Finance Corporation programs and to provide local match to obtain federal housing grants or programs. G. Public Input: Public input was solicited through face to face meetings with housing providers, social service providers and local lenders and neighborhood associations. Public input was solicited through the local newspaper in the advertising of the Local Housing Assistance Plan and the Notice of Funding Availability. H. Advertising and Outreach: 4 SHIP LHAP Template 2015 Revised Date: 10/2014 SHIP funding availability shall be advertised in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding availability is required. Discrimination: In accordance with the provisions of ss.760.20- 760.37, it is unlawful to discriminate on the basis of race, color, religion, sex, national origin, age, handicap, or marital status in the award application process for eligible housing. J. Support Services and Counseling: Support services are available from various sources. Available support services may include but are not limited to: Homeownership Counseling (Pre and Post), Credit Counseling, Tenant Counseling and Transportation. K. Purchase Price Limits: The sales price or value of new or existing eligible housing may not exceed 90% of the average area purchase price in the statistical area in which the eligible housing is located. Such average area purchase price may be that calculated for any 12 -month period beginning not earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and existing units, which can be lower but may not exceed 90% of the median area purchase price established by the U.S. Treasury Department or as described above. The methodology used is: X U.S. Treasury Department Local FIFA Numbers The purchase price limit for new and existing homes is shown on the Housing Delivery Goals Charts. L. Income Limits, Rent Limits and Affordability: The Income and Rent Limits used in the SHIP Program are updated annually by the Department of Housing and Urban Development and posted at www.floridahousing.org. Affordable means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections 420.9071, F.S. However, it is not the intent to limit an individual household's ability to devote more than 30% of its income for housing, and housing for which a household devotes more than 30% of its income shall be deemed Affordable if the first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30% benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. M. Welfare Transition Program: Should an eligible sponsor be used, a qualification system and selection criteria for applications for Awards to eligible sponsors shall be developed, which includes a description that demonstrates how eligible sponsors that employ personnel from the Welfare Transition Program will be given preference in the selection process. 5 SHIP LHAP Template 2015 Revised Date: 10/2014 N. Monitoring and First Right of Refusal: In the case of rental housing, the staff and any entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides the same monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. However, any loan or grant in the original amount of $3,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored annually for no less than 15 years or the term of assistance whichever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before 15 years or that have remaining mortgages funded under this program must give a first right of refusal to eligible nonprofit organizations for purchase at the current market value for continued occupancy by eligible persons. O. Administrative Budget: A line -item budget of proposed Administrative Expenditures is attached as Exhibit A. City of Clearwater finds that the moneys deposited in the local housing assistance trust fund shall be used to administer and implement the local housing assistance plan. Section 420.9075 Florida Statute and Chapter 67 -37, Florida Administrative Code, states: "A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan." Section 420.9075 Florida Statute and Chapter 67 -37, Florida Administrative Code, further states: "The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs." The Clearwater City Council has adopted the above findings in the resolution attached as Exhibit E. P. Program Administration: Administration of the local housing assistance plan will be wholly performed and maintained by the CITY OF CLEARWATER Or A third party entity or consultant will be contracted for all of part of the administrative of the program. The name of the entity is: . The administrative duties they will provide are: Q. Essential Service Personnel Definition (required): Persons whose household income do not exceed 120% of AMI, as updated annually from the Department of Urban Development and distributed annually by the Florida Housing Corporation and adjusted for family size, including: teachers and educators, other school district and university employees, police and fire personnel; 6 SHIP LHAP Template 2015 Revised Date: 10/2014 health care personnel, construction industry personnel; Federal, State, County, and local government personnel, information technology industry personnel, food service personnel; service personnel, retail workers, tourism industry personnel; the occupation in demand with the most employees, the occupations in demand gaining the most new jobs according to the Agency of Workforce Innovation (AWI); and personnel in other industries deemed essential by the City of Clearwater based on the local economy. R. Describe efforts to incorporate Green Building and Energy Saving products and processes (required): The City of Clearwater promotes the use of green housing construction and rehabilitation techniques. The City created a Plan called "Green Print" to address this citywide. Below are excerpts from the City's Comprehensive Plan: C.1.10 Objective — Recognizing that sustainable building techniques contribute to keeping housing units affordable over the long term by reducing energy consumption, lowering utility bills and decreasing maintenance costs, the City of Clearwater will promote the use of green housing construction and renovation and rehabilitation techniques. Policies: C.1.10.1 Encourage affordable housing projects that are constructed consistent with US Green Building Council's (USGBC) Leadership in Energy and Environmental Design (LEED) principles or Florida Green Building Coalition's (FGBC) Green Land Development and Building Standards. C.1.10.2 Encourage construction of efficient and lasting homes by developing Green Building standards, using resources such as those available through Global Green USA. C.1.10.3 Provide "green building information" to local area housing providers. C.1.10.4 Work with the local chapter of the USGBC to provide information regarding LEED renovation techniques at Neighborhood Week and other outreach events. C.1.10.5 Develop prototypical xeriscape plans that can be provided to local area housing non- profits and neighborhood associations. Community Sustainability Plan Clearwater Greenprint is a community sustainability plan that identifies a series of tangible actions across eight topic areas that have the potential to reduce energy consumption, pollution and greenhouse gas (GHG) emissions while stimulating the local economy and improving the quality of life. The topic areas include education and awareness, green energy and buildings, transportation, land use and urban form, water resources, waste management, food production, and green business and jobs. Through creating and implementing Clearwater Greenprint, the City of Clearwater government is leading a community -wide effort to understand the challenges of today with a view toward creating a sustainable future. The strategies included in Clearwater Greenprint provide a framework for government, resident and business actions in the short, medium and long term. SHIP LHAP Template 2015 Revised Date: 10/2014 In addition to the City's comprehensive plan, the department applies green principles in all new construction and rehabilitation projects. The City's specifications for new and existing homes are tailored to meet green standards. Whenever repairs are necessary and performed on a house, green initiatives will be used to include, but not be limited to, low E windows, insulation is minimum R30, exterior doors are insulated, all windows and doors seals are in place, hot water heater is in good condition and operating properly and attic has proper ventilation to better control temperatures. Section H. LHAP Strategies: A. a. Summary of the Strategy: The City of Clearwater through eligible developers and sub - recipients may use SHIP funds for the development of new housing units. The costs may include acquisition, site improvement and building costs to include innovative design and green principles. The City's specifications for new homes are tailored to meet green standards. The City may use SHIP funds as a match for the HOME program to loan funds to eligible developers for the construction of new housing units, and in some cases, acquisition of vacant properties and infrastructure costs for new housing development. Assistance will be repaid when the unit is sold to an eligible buyer. The City of Clearwater through its housing programs and through its sub - recipients may also provide funds to assist eligible very-low to moderate - income homebuyers of the new housing units with down payment and closing costs, including, but not be limited to, prepaid items such as prepaid interest, hazard and flood insurance. Interest rate buy -downs will also be an eligible activity under this strategy. To qualify for assistance, applicants must be able to obtain a first mortgage from a licensed lending institution. This first mortgage cannot exceed a term of 30 -year with a fixed -rate. The Buyer must contribute a minimum of two percent (2 %) of the purchase price of the home or a combination of borrower's sweat equity and contribution. This must be the Buyer's own funds and cannot be from a gift or from costs paid by the Seller. All Buyers must have completed at least eight (8) hours of homebuyer education through a HUD- approved housing counseling agency. 8 SHIP LHAP Template 2015 Revised Date: 10/2014 b. Fiscal Years Covered: 2015 -2016, 2016 -2017 and 2017 -2018 c. Income Categories to be served: This strategy will serve all eligible homebuyers with income at or below 120% of the area median income, adjusted for family size as published annually by the United States Department of Housing and Urban Development (HUD) and distributed by Florida Housing Finance Corporation. d. Maximum award: See Exhibit C: Housing Delivery Goal Charts for maximum awards for FY 2015- 2016, 2016 -2017, 2017 -2018 e. Terms of the award: Interest Rate, Repayment (hard pay, forgiveness), Recapture and Default. Zero percent (0 %) second or third mortgages will be available to eligible homebuyers of the new housing units for down payment and closing costs assistance with the following stipulations: • The assistance would be deferred for 30 years with full forgiveness at the end of the deferred period, if no default occurs. • Loans will be secured by a Mortgage and Note and recorded in the public records of Pinellas County until satisfied. • The loan becomes due and payable if one of the following occurs: -Upon sale or transfer of title - Property is vacated and no longer the primary residence of the borrower - Property is converted into rental unit -Any refinancing with cash out or debt consolidation The City has determined the following terms and provisions for program income versus recaptured funds: • Program Income: is a source of SHIP revenue received from the following sources: bank interest, amortized loan payments and any associated interest and penalties, loan proceeds due to repayment of a loan under condition of refinancing, death of recipient, sale or transfer of title, foreclosure, tax deed sale, property is no longer the client's primary residence and property is not maintained to housing standards. SHIP LHAP Template 2015 Revised Date: 10/2014 • Recaptured Funds: Money recouped from eligible sponsors when SHIP funds are spent but no tangible housing is provided. f. Recipient Selection Criteria: Assistance is provided on a first -come, first - qualified, first- served basis while funds remain available. All recipients will be income eligible and will be selected using the housing pool underwriting guidelines, policies and procedures. Should funds not be available at any time, a City created "Waiting List" will be utilized and eligible clients will be assisted when funds are available. g. To qualify for assistance, an eligible participant must meet the following requirements: • The applicant is not required to be a First -Time Homebuyer to qualify for assistance, but they cannot own a property at the time of closing. In addition, Households that have been assisted with City funds within the past five (5) years are ineligible to receive funding again through any of the Housing Division's Programs, unless there is some form of "hardship" as defined below. Hardship determination will be determined and approved on a case -by -case basis by the Director of the Department. Examples of hardship: Divorce, Permanent layoff, physical or mental disability, fire, flood or natural disaster, death of a family member. Sponsor Selection Criteria and duties, if applicable: All program sponsors or sub - recipients will be selected using the City's Consolidated Action Plan Application. Eligible sponsors or sub - recipients that provide assistance under this program will be required to contractually commit and comply with all SHIP program requirements. Criteria include: • The not - for - profit corporation must have received a tax - exempt ruling from the Internal Revenue Service (IRS) under section 501 c (3) of the Internal Revenue Code. • The not- for -profit corporation must be organized and established under the laws of the State of Florida. • The not - for - profit or for -profit corporation must have financial 10 SHIP LHAP Template 2015 Revised Date: 10/2014 accountability standards that permit the Economic Development & Housing Department to verify organizational capacity for projects. • The not - for - profit or for - profit corporation must have experience in providing housing assistance and/or development appropriate to this strategy. h. Additional Information: Other state, federal, county, private and homeowners contributions may be leveraged with SHIP funds. Mobile homes are not eligible for assistance. a. Summary of the Strategy: The City of Clearwater through eligible developers and sub - recipients may use SHIP funds to acquire, rehabilitate and resell single - family housing units. The costs may include acquisition, rehabilitation (to include innovative design and green principles) and other costs associated with the resale of the single - family unit. The City may use SHIP funds as a match for the HOME program to loan funds to eligible developers and sub - recipients for the acquisition and rehabilitation of existing housing units. Assistance will be repaid when the unit is sold to an eligible buyer. Under this strategy, Community Land Trusts principles may be utilized. The community land trusts become the stewards of land and maintain it permanently beginning with a ninety -nine year, renewable ground lease. The homebuyers only own their home and sign a long -term lease on the land their home sits on. This ensures the affordability of the home because the homebuyer only obtains a mortgage on the structure. The City of Clearwater through its housing programs and through its sub - recipients may use SHIP funds to provide down payment and closing costs assistance to eligible very-low to moderate - income homebuyers of rehabilitated homes. To qualify for assistance, applicants must be able to obtain a first mortgage from a licensed lending institution. This first mortgage cannot exceed a term of 30 years 11 SHIP LHAP Template 2015 Revised Date: 10/2014 with a fixed -rate. The Buyer must contribute a minimum of two percent (2 %) of the purchase price of the home or a combination of borrower's sweat equity and contribution. This must be the Buyer's own funds and cannot be from a gift or from costs paid by the Seller. All Buyers must have completed at least eight (8) hours of homebuyer education through a HUD- approved housing counseling agency. b. Fiscal Years Covered: 2015 -2016, 2016 -2017 and 2017 -2018 c. Income Categories to be served: This strategy will serve all eligible homebuyers with income at or below 120% of the area median income, adjusted for family size as published annually by the United States Department of Housing and Urban Development (HUD) and distributed by Florida Housing Finance Corporation. d. Maximum award: See Exhibit C: Housing Delivery Goal Charts for maximum awards for FY 2015- 2016, 2016 -2017, 2017 -2018 e. Terms of the award: Interest Rate, Repayment (hard pay, forgiveness), Recapture and Default. Zero percent (0 %) second or third mortgages will be available to eligible homebuyers for down payment and closing costs assistance with the following stipulations: • The assistance is deferred for five (5) years with monthly payments commencing at the end of the deferred period and amortized over fifteen (15) years. • The City's loan term is not to exceed thirty (30) years • Loans will be secured by a Mortgage and Note and recorded in the public records of Pinellas County, Florida until satisfied • The loan becomes due and payment if one of the following occurs: -Upon sale or transfer of title - Property is vacated and no longer the primary residence of the borrower - Property is converted into a rental unit - Any refinancing with cash out or debt consolidation f. Recipient Selection Criteria: Assistance is provided on a first -come, first- qualified, first - served basis while funds remain available. All recipients will be income eligible and will be selected using 12 g. SHIP LHAP Template 2015 Revised Date: 10/2014 the housing pool underwriting guidelines, policies and procedures. Should funds not be available at any time, a City created "Waiting List" will be utilized and eligible clients will be assisted when funds are available.. To qualify for assistance, an eligible participant must meet the following requirements: • The applicant is not required to be a First -Time Homebuyer to qualify for assistance, but they cannot own a property at the time of closing. In addition, households that have been assisted with City funds within the past five (5) years are ineligible to receive funding again through any of the Housing Division's Programs, unless there is some form of "hardship" as defined below. Hardship determination will be determined and approved on a case -by -case basis by the Director of the Department. Examples of hardship: Divorce, Permanent layoff, physical or mental disability, fire, flood or natural disaster, death of a family member. Sponsor Selection Criteria and duties, if applicable: All program sponsors or sub - recipients will be selected using the City's Consolidated Action Plan Application. Eligible sponsors or sub - recipients that provide assistance under this program will be required to contractually commit and comply with all SHIP program requirements. Criteria include: • The not - for - profit corporation must have received a tax- exempt ruling from the Internal Revenue Service (IRS) under section 501 c (3) of the Internal Revenue Code • The not - for - profit corporation must be organized and established under the laws of the State of Florida • The not - for -profit or for -profit corporation must have financial accountability standards that permit the Economic Development & Housing Department to verify organizational capacity for project • The not - for -profit or for -profit corporation must have experience in providing housing assistance and/or development appropriate to this strategy. h. Additional Information: Other state, federal, county, private and homeowners contributions may be leveraged with SHIP funds. Mobile homes are not eligible for assistance. 13 SHIP LHAP Template 2015 Revised Date: 10/2014 a. Summary of the Strategy: The City of Clearwater through its housing programs and through its sub - recipients will use SHIP funds to provide down payment and closing costs assistance to eligible very-low to moderate - income homebuyers of existing homes. To qualify for assistance, applicants must be able to obtain a first mortgage from a licensed lending institution. This first mortgage cannot exceed a term of 30 years with a fixed -rate. The Buyer must contribute a minimum of two percent (2 %) of the purchase price of the home or a combination of borrower's sweat equity and contribution. This must be the Buyer's own funds and cannot be from a gift or from costs paid by the Seller. All Buyers must have completed at least eight (8) hours of homebuyer education through a HUD- approved housing counseling agency. b. Fiscal Years Covered: 2015 -2016, 2016 -2017 and 2017 -2018 c. Income Categories to be served: This strategy will serve all eligible homebuyers with income at or below 120% of the area median income, adjusted for family size as published annually by the United States Department of Housing and Urban Development (HUD) and distributed by Florida Housing Finance Corporation. d. Maximum award: See Exhibit C: Housing Delivery Goal Charts for maximum awards for FY 2015- 2016, 2016 -2017, 2017 -2018 e. Terms of the award: Interest Rate, Repayment (hard pay, forgiveness), Recapture and Default. Zero percent (0 %) second or third mortgages will be available to eligible homebuyers for down payment and closing costs assistance with the following stipulations: • The assistance is deferred for five (5) years with monthly payments 14 SHIP LHAP Template 2015 Revised Date: 10/2014 commencing at the end of the deferred period and amortized over fifteen (15) years. • The City's loan term is not to exceed thirty (30) years • Loans will be secured by a Mortgage and Note and recorded in the public records of Pinellas County, Florida until satisfied • The loan becomes due and payment if one of the following occurs: - Upon sale or transfer of title - Property is vacated and no longer the primary residence of the borrower - Property is converted into a rental unit - Any refinancing with cash out or debt consolidation f. Recipient Selection Criteria: Assistance is provided on a first -come, first - qualified, first- served basis while funds remain available. All recipients will be income eligible and will be selected using the housing pool underwriting guidelines, policies and procedures. Should funds not be available at any time, a City created "Waiting List" will be utilized and eligible clients will be assisted when funds are available. To qualify for assistance, an eligible participant must meet the following requirements: • The applicant is not required to be a First -Time Homebuyer to qualify for assistance, but they cannot own a property at the time of closing. In addition, households that have been assisted with City funds within the past five (5) years are ineligible to receive funding again through any of the Housing Division's Programs, unless there is some form of "hardship" as defined below. Hardship determination will be determined and approved on a case -by -case basis by the Director of the Department. Examples of hardship: Divorce, Permanent layoff, physical or mental disability, fire, flood or natural disaster, death of a family member. Sponsor Selection Criteria and duties, if applicable: All program sponsors or sub - recipients will be selected using the City's Consolidated Action Plan Application. Eligible sponsors or sub - recipients that provide assistance under this program will be required to contractually commit and comply with all SHIP program requirements. Criteria include: • The not - for -profit corporation must have received a tax - exempt ruling from 15 SHIP LHAP Template 2015 Revised Date: 10/2014 the Internal Revenue Service (IRS) under section 501 c (3) of the Internal Revenue Code • The not - for - profit corporation must be organized and established under the laws of the State of Florida • The not - for -profit or for -profit corporation must have financial accountability standards that permit the Economic Development & Housing Department to verify organizational capacity for project • The not - for - profit or for -profit corporation must have experience in providing housing assistance and/or development appropriate to this strategy. h. Additional Information: All properties being purchased must meet the HUD livability standards. An inspection is required to verify that the property meets applicable safety/code requirements. If repairs are required to bring a property up to HUD livability standards and the cost for the repairs exceed $1,000.00, the property will coded as down payment and closing costs with rehabilitation. If the seller can provide documentation to show that property had repairs over $1,000.00 completed within the past twelve (12) months the property will also be coded as down payment and closing cost assistance with rehabilitation. Mobile homes are not eligible for assistance. D. a. Summary of the Strategy: The City of Clearwater will provide funds for the rehabilitation of owner- occupied single - family residences located within the city limits of Clearwater. The City will award funds for the rehabilitation of owner- occupied, income- eligible households on a first -come, first- eligible, first - served preference. Funds for assistance may be used by the homeowner for housing rehabilitation such as, but not limited to, the following: • Correct housing code deficiencies • Adapt the residence to meet accessibility needs of a disabled family member 16 SHIP LHAP Template 2015 Revised Date: 10/2014 In certain cases, the work may be done as emergency repairs. In those cases where the health, safety and welfare of the household are in jeopardy, they shall receive priority. Such things that are considered "emergency repairs" are: • Structural components that show signs of imminent collapse • Inoperable heating systems during the winter months • Water leaks in walls or foundation • Roof leaks causing electrical hazards, ceiling collapse or structural damage • Inoperable exterior doors and/or windows, preventing emergency egress • Falling ceiling • Lead -based paint • ADA modifications of an immediate nature Funding will also be made available to modify special needs or elderly household homes that need renovations to allow them to remain independent in their homes, and prevent them from having to move into an assisted living type arrangement. Improvements may include things as: • Wheel chair ramps • Widening of doorways • Lowering of cabinets • Installation of grab -bars • Visual guiding systems for the hearing impaired b. Fiscal Years Covered: 2015 -2016, 2016 -2017 and 2017 -2018 c. Income Categories to be served: The strategy will serve all eligible recipients with income at or below 120% of the area median income, adjusted for family size as published annually by the United States Department of Housing and Urban Development (HUD) and distributed by Florida Housing Finance Corporation. d. Maximum award: Maximum award is noted on the Housing Delivery Goal Charts. e. Terms of the award: Interest Rate, Repayment (hard pay, forgiveness), Recapture and Default. 17 SHIP LHAP Template 2015 Revised Date: 10/2014 Zero percent (0 %) or deferred payment first, second or third mortgages will be available to eligible recipients. Deferred payment loans will be offered in the form of zero (0 %) percent loans to households who are thirty percent (30 %) or less of the Area Median Income (AMI). For households above thirty (30 %) of the Area Median Income (AMI), the borrowers will be evaluated for their ability to repay the assistance. If a borrower's income is over thirty (30 %) of AMI, the borrower will be evaluated to ensure that the housing ratio does not exceed thirty (30 %) of the household income. For borrowers repaying the rehabilitation loan, the payments will be deferred for the length of the construction contract period, not to exceed one hundred and twenty (120) days and amortized over a twenty-year period at zero (0 %) interest. Loans will be secured by a Mortgage and Note and recorded in the public records of Pinellas County until satisfied. As stipulated in the City's loan documents: • The loan becomes due and payable if one of the following occurs: - Upon sale or transfer of title - Property is vacated and no longer the primary residence of the borrower - Property is converted into rental unit - Any refinancing with cash out or debt consolidation f. Recipient Selection Criteria: Assistance is provided on a first -come, first - qualified, first- served basis while funds remain available. All recipients will be income eligible and will be selected using the housing pool underwriting guidelines, policies and procedures. Should funds not be available at any time, a City created "Waiting List" will be utilized and eligible clients will be assisted when funds are available. g. Sponsor Selection Criteria and duties, if applicable: N/A h. Additional Information: The City will incorporate energy - efficient improvements to reduce energy costs and hurricane standards will be used when replacing windows and doors based on funding availability. Specific improvements include, but are not limited to: • Installation of energy - efficient doors and windows • Replacement of heating and /or cooling systems with high energy - efficiency units • Installing R30 insulation • Energy star appliances and water heater 18 SHIP LHAP Template 2015 Revised Date: 10/2014 • Low consumption toilets and faucets • Bracing and strapping Mobile homes are not eligible for assistance. a. Summary of the Strategy: Funds may be provided as loans to support the acquisition, rehabilitation and or new construction of multi- family 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 construct and preserve multi - family housing. b. Fiscal Years Covered: 2015 -2016, 2016 -2017 and 2017 -2018 c. Income Categories to be served: This strategy will serve all eligible recipients with income at or below 120% of the area median income, adjusted for family size as published annually by the United States Department of Housing and Urban Development (HUD) and distributed by Florida Housing Finance Corporation. d. Maximum award: See Exhibit C: Housing Delivery Goal Charts for maximum awards for FY 2015- 2016, 2016 -2017, 2017 -2018 e. Terms of the award: Interest Rate, Repayment (hard pay, forgiveness), Recapture and Default. Recapture will be in compliance with the SHIP Program requirements to ensure affordability. When HOME funds are used with SHIP funds, the most restrictive rules and regulations will apply. In accordance with the City's policy, the terms of the City's funding for multi - family acquisition, rehabilitation or new construction developments will vary from project to project, depending on the economics of the development. Loans for eligible rental housing constructed, rehabilitated or otherwise assisted under this strategy must be reserved for eligible persons for at least the term of the assistance. A restrictive covenant will be recorded to ensure that units remain 19 SHIP LHAP Template 2015 Revised Date: 10/2014 affordable for the prescribed period of time. The City, eligible sponsor or appointed designee, shall annually monitor and determine tenant eligibility throughout the compliance. For those developments that Florida Housing Finance provides the same monitoring and determination, the City may rely on such monitoring and determination of tenant eligible. Eligible sponsors that offer rental housing for sale before the end of the compliance period or that have remaining mortgages funded under this strategy must give a right of first refusal to the City or eligible not - for -profit organizations for purchase at the current market value for the continued occupancy of eligible persons. All funds are deposited into the Local Housing Trust Fund and reported as Program Income or Recaptured Funds in the State Fiscal year they are received as appropriate for Annual Reporting purposes. f. Recipient Selection Criteria: The SHIP- assisted units in a rental housing project will be occupied only by households that are verified as very-low to moderate - income families. Maximum monthly rent limits will be those established annually by HUD. g. Sponsor Selection Criteria and duties, if applicable: Eligible sponsors will be selected using the City's Consolidated Action Plan Application. Eligible persons, sponsors or sub - recipients that provide assistance under this program will be required to contractually commit and comply with all SHIP program requirements. Criteria include: • The not - for -profit corporation must have received a tax - exempt ruling from the Internal Revenue Service (IRS) under section 501 c (3) of the Internal Revenue Code • The not - for -profit corporation must be organized and established under the laws of the State of Florida • The not - for -profit or for -profit corporation must have financial accountability standards that permit the Economic Development & Housing Department to verify organizational capacity for project • The not - for -profit corporation must have experience in development appropriate to this strategy h. Additional Information: 20 SHIP LHAP Template 2015 Revised Date: 10/2014 a. Summary of the Strategy: In the case of natural or man -made disasters, priorities will need to be changed to meet emergency conditions. This strategy will only be used if a disaster, or a declaration by the State of Florida and/or federal government of a disaster. SHIP funds will be used to leverage available federal, state and insurance funds to provide assistance to eligible households for the purpose of repairing eligible housing. Use of funds would be available for the following activities: • Purchase of emergency supplies to waterproof damaged homes • Interim repairs to avoid further damage, such as tree and debris removal • Payment of insurance deductibles for rehabilitation of homes covered under homeowners' insurance policies. b. Fiscal Years Covered: 2015 -2016, 2016 -2017 and 2017 -2018 c. Income Categories to be served: This strategy will serve all eligible recipients with income at or below 120% of the area median income, adjusted for family size as published annually by the United States Department of Housing and Urban Development (HUD) and distributed by Florida Housing Finance Corporation. d. Maximum award: See Exhibit C: Housing Delivery Goal Charts for maximum awards for FY 2015- 2016, 2016 -2017, 2017 -2018 e. Terms of the award: Interest Rate, Repayment (hard pay, forgiveness), Recapture and Default. Assistance provided under this strategy will be in the form of a deferred payment or zero percent (0 %) loan. Recipients must also abide by the City's loan documents, which dictate conditions that constitute repayment. f. Recipient Selection Criteria: Applicants must own and occupy the property as principal residence. The residence must have been damaged in a declared natural or man -made disaster. Applicants must be income - eligible, and will be served on a first -come, first eligible, first- 21 SHIP LHAP Template 2015 Revised Date: 10/2014 served basis, pending funding availability. The property must be located within the City limits of Clearwater. Applicants must be current on mortgage secured by the property, property taxes and homeowners insurance. g. Sponsor Selection Criteria and duties, if applicable: Eligible sponsors will be selected using the City's Consolidated Action Plan Application or any method(s) that the City may develop to expedite the Selection of Eligible Sponsor during a disaster. h. Additional Information: This strategy will be implemented only in the event of a natural or man -made disaster declaration using any SHIP funds that have not been encumbered. III. LHAP Incentive Strategies In addition to the required Incentive Strategy A and Strategy B, include all adopted incentives with the policies and procedures used for implementation as provided in Section 420.9076, F.S.: A. Name of the Strategy: Expedited Permitting Permits as defined in s. 163.3177 (6) (f) (3) for affordable housing projects are expedited to a greater degree than other projects. The Planning and Development Department expedites the review of any site plan, land use amendment, rezoning, or annexation application for an affordable housing project within the City of Clearwater. According to the City's Development Code, an affordable housing project (rehabilitation or new construction), can be approved through the City's Development Review Committee Process. If a public hearing is needed, the project is scheduled for the immediate next session of the Community Development Board (CDB). Some affordable housing projects (rehabilitation or new construction) are approved administratively; otherwise the project goes to the immediate next session of the Community Development Board. Provide a description of the procedures used to implement this strategy: Expedited Permitting. For Building Permit Applications, the City has a "Request for Expedited Processing for Affordable Housing Activity Form" available through the Economic Development and Housing Department. This form allows the application to be expedited through the review process. B. Name of the Strategy: Ongoing Review Process An ongoing process for review of local policies, ordinances, regulations and plan provisions that increase the cost of housing prior to their adoption. The City has a process in place by which it considers, before adoption, policies, procedures, ordinances, regulations, or plan provisions that increase the cost of housing. 22 SHIP LHAP Template 2015 Revised Date: 10/2014 Provide a description of the procedures used to implement this strategy: The Senior Executive Team of the City of Clearwater meets every two weeks to discuss and review upcoming agenda items on the City Council's meeting schedule. As part of this meeting, the City Clerk reviews with each department Director proposed items on the agenda, which includes policies, procedures, ordinances, resolutions and plan provisions for action by the City Council. Any actions that have the potential to affect the cost of housing are addressed as part of this process. Any determinations made by the Economic Development and Housing Department and the affected Department will be included as part of the agenda summary to the City Council on that particular item. The City Council agenda summary and all supporting materials are available on the City's website at www.myclearwater.com. C. Name of the Strategy: The allowance of flexibility densities for affordable housing. The City encourages flexible densities for affordable housing development in both the Future Land Use Element and the Housing Element of the City's Comprehensive Plan. Provide a description of the procedures used to implement this strategy. "Policy A.2.2.7 — The City will provide density bonuses for affordable housing developments that demonstrate that a minimum of 15% of the total units are reserved as affordable housing units. Such bonuses shall not exceed 50% of the density permitted by the Future Land Use Map and shall not include properties located in the Coastal Storm Area. The density bonus shall be established by ordinance in the Community Development Code ". The City grants flexibility in densities to developers through the City's Community Development Code, which establishes flexibility criteria for specific uses requiring additional development review. D. Name of the Strategy: The reduction of parking setback requirements for affordable housing The City encourages the reduction of parking and setback requirements for affordable housing in the Housing Element of the City's Comprehensive Plan. Provide a description of the procedures used to implement this strategy The following policy in the Housing Element supports the reduction of parking and setback requirements for affordable housing. "Policy C.1.9.2 — Allow flexibility with regard to off - street parking to accommodate density bonuses associated with affordable housing developments provided the project design does not detract from the established or emerging character of immediate vicinity." "Policy C.1.9.3 — Allow flexibility with regard to off - street parking for projects containing affordable housing units located within 1,000 feet of a transit stop." 23 SHIP LHAP Template 2015 Revised Date: 10/2014 The City currently allows flexibility in parking and setback requirements for affordable housing though the City's Community Development Code, which establishes flexibility criteria for specific uses requiring additional development review. E. Name of the Strategy: The allowance of flexible lot configurations, including zero -lot- line configuration for affordable housing The City currently allows for site plan flexibility through the development review process, as supported by the City's Community Development Code and article 2, which establishes flexibility criteria for specific uses requiring additional development review. Such criteria may allow for more flexible site plan configurations, but may also require an improved site plan to document how the flexibility will result in better design and /or appearance. For example, the flexibility criteria tied to residential infill projects within the High Density Residential (HDR ") District include: Provide a description of the procedures use to implement is strategy The City currently allows for site plan flexibility through the development review process, as supported by the City's Community Development Code and Article 2. Zoning Districts therein, which establishes flexibility criteria for specific uses. Such criteria may allow for more flexible site plan configurations, but may also require an improved site plan to document how the flexibility will result in better design and/or appearance. The allowance of flexible site plan configurations, including zero -lot line configurations for affordable housing, must be sensitive to the character and context of existing neighborhoods. To this end, the City's incentives for affordable housing include compatibility criteria in conjunction with the density bonus as follows: Article 3, Division 9, Section 3- 920.A.3.c.i. Compatibility Criteria - b. Proportionality and scale of the proposed development shall be consistent with the community character of the immediate vicinity of the parcel proposed for development. c. The overall aesthetics of the proposed development shall be compatible with or an improvement to the community character as determined by the community development coordinator. F. Name of the Strategy: The preparation of a printed inventory of locally -owned public lands suitable for affordable housing. The City maintains an inventory of locally -owned public lands suitable for affordable housing. Provide a description of the procedures use to implement is strategy: 24 SHIP LHAP Template 2015 Revised Date: 10/2014 The City of Clearwater on February 21, 2008 adopted Resolution 08 -01, which established the affordable housing inventory list per statutory requirements. To facilitate affordable housing projects, the City maintains an inventory of publicly -owned land suitable for affordable housing titled, "Affordable Housing Inventory List ", which is published on the City's website. The last triennial update was done in 2013, by City Resolution #13 -10 (June 6, 2013). Additionally, the City's Economic Development & Housing Department has a procedure in place to make publicly -owned land available to prospective developers and non - profit agencies to construct affordable housing. G. Name of Strategy: The support of development near transportation hubs, and major employment centers and mixed -used developments. The City promotes areas suitable for affordable housing through the Future Land Use Element (FLUE) of the Comprehensive Plan. The FLUE contains a number of policies related to activity centers and transit hubs as part of the City's overall design structure. Provide a description of the procedures use to implement is strategy: Policy A.2.2.2 — Residential land uses shall be sited on well - drained soils, in proximity to parks, schools, mass transit and other neighborhood - serving land uses. Policy A.5.4.4 —The creation of affordable housing and mixed -use development should be supported, and lot consolidation and streetscape improvements should be encouraged. [Activity Center] Policy A.5.4.7 — South Fort Harrison Avenue from A Street to E Street. Amendments to the Future Land Use Plan and Zoning Atlas may be considered to promote affordable housing, mixed -use development, and to support the emerging character of the area and Morton Plant Hospital. [Activity Center] Policy A.6.8.7 — Create mixed -use, high density, livable communities through design, layout and use of walkability techniques within existing and proposed transit corridors, including proposed TBARTA lines and stations. The Housing Element of the Comprehensive Plan also supports the location of assisted housing near major activity centers: Policy C.1.4.2 — Assisted housing should be located in close proximity to 25 SHIP LHAP Template 2015 Revised Date: 10/2014 employment centers, mass transit services, parks, and commercial centers. Additionally, both the City's Comprehensive Plan and Community Development Code allow flexibility in parking for affordable housing projects if located near a transit stop (see Housing Element Policy C.1.9.2 and Policy C.1.9.3 as well as Community Development Code Article 3, Division 9, Section 3- 920.B. for the City's "affordable housing parking incentive "). IV. EXHIBITS: A. Administrative Budget for each fiscal year covered in the Plan. B. Timeline for Estimated Encumbrance and Expenditure C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the plan. D. Signed Certification. E. Signed, dated, witnessed or attested adopting resolution. F. Program Information Sheet. G. Ordinance: (If changed from the original creating ordinance). H. Interlocal Agreement: A copy of the Interlocal Agreement if applicable. 26 ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR (Local Government name) LHAP 2015 Exhibit A 67- 37.005(1), F.A.C. Effective Date: 10/2014 CITY OF CLEARWATER Exhibit A Fiscal Year: 2015 -2016 Estimated Allcoation for Calculating: $ 628,505.00 Salaries and Benefits $ 62,850.00 Office Supplies and Equipment $ - Travel Perdiem Workshops, etc $ - Advertising $ - Other $ Total $ 62,850.00 Fiscal Year: 2016 -2017 Estimated Allcoation for Calculating: $ 628,505.00 Salaries and Benefits $ 62,850.00 Office Supplies and Equipment $ - Travel Perdiem Workshops, etc $ - Advertising $ - Other $ Total $ 62,850.00 Fiscal Year 2017 -2018 Estimated Allcoation for Calculating: $ 628,505.00 Salaries and Benefits $ 62,850.00 Office Supplies and Equipment $ - Travel Perdiem Workshops, etc $ - Advertising $ - Other $ Total $ 62,850.00 Based on a distribution of Program Income $499,545.00 $128,960.00 EXHIBIT B TIMETABLE FOR STATE FISCAL YEAR 2015 -2016 Name of Local Government: CITY OF CLEARWATER Mark each box below that corresponds with each actvity for that month Advertise Availability of Funds !Application Period(On- Going) Annual Re oat Mid -Year Review /Adjustments End -Year Review /Adjustments Encumbrance Deadline Expenditure Deadline Final Program Review 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 • EXHIBIT B TIMETABLE FOR STATE FISCAL YEAR 2016 -2017 Name of Local Government: CITY OF CLEARWATER Mark each box below that corresponds with each actvity for that month ;Advertise Availability of Funds Application Period(On- Going) Annual Report Mid -Year Review /Adjustments ,End-Year Review /Adjustments Encumbrance Deadline Expenditure Deadline Final Program Review Advertise Availability of Funds 'Application Period(On- Going) Annual Report IMid -Year Review /Adjustments :End -Year Review /Adjustments Encumbrance Deadline TIMETABLE FOR STATE FISCAL YEAR 2017 -2018 Name of Local Government: CITY OF CLEARWATER Mark each box below that corresponds with each actvity for that month X X X X X X X X X X X X X X • X X X X X X X X • X X Expenditure Deadline Final Program Review • FLORIDA HOUSING FINANCE CORPORATION Please check n nnl:wnMln My HOUSING DELIVERY GOALS CHART New Plan: x 2015 -2016 Amendment: Fiscal Yr. Closeout: Name of Local Government: CITY OF CLEARWATER Allocation: $499,545.00 A B C D E F Strategy # HOME OWNERSHIP VLI Max. SHIP LI Max. SHIP MI Max. SHIP New Construction Rehab /Repair Without Construction Total Total Total From Plan Text Code STRATEGIES (strategy title must be same as the title used Units in plan text. Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units 10 New Construction 0 $46,000 1 $46,000 0 $46,000 $46,000.00 $46,000.00 9.21% 1 '' 1 Acquisition of Existing Homes w 3 $20,000 2 $20,000 0 $20,000 $100,000.00 $100,000.00 20.02% 5 2 DPCCA for Existing Homes/withc 2 $18,000 4 $18,000 0 $18,000 $54,000.00 $54,000.00 $108,000.00 21,62% 6 3 Owner - Occupied Rehabilitation 4 $30,000 4 $30,000 1 $30,000 $270,000.00 $270,000.00 54.05% 9 5 Disaster Mitigation 0 $5,000 0 $5,000 0 $5,000 $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 Subtotal 1 (Home Ownership) 9 11 1 $46,000.00 $424,000.00 $54,000.00 $524,000.00 104.90% 21 RENTAL VLI Max. SHIP LI Max. SHIP MI Max. SHIP New Construction Rehab /Repair Without Total Total Total STRATEGIES Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units 14 Multi - Family 1 $15,000 1 $15,000 0 15000 $15,000.00 $26,655.00 $41,655.00 8.34% 2 $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 Subtotal 2 (Non -Home Ownershij 1 1 0 $15,000.00 $26,655.00 $0.00 $41,655.00 8.34% 2 ' Administration Fees $49,954.00 10.00% Admin. From Program Income $12,896.00 2.58% Home Ownership Counseling 0.00% GRAND TOTAL 10 12 1 $61,000.00 $450,655.00 $54,000.00 $628,505.00 125.82% 23 Add Subtotals 1 & 2, plus all Add Percentage Construction /Rel Calcula 102% Maximum Allowable Purchase Price: New $150,000 Existing $138,000 Allocation Breakdown Amount % Projected Program Income: $128,960.00 Max Amount Program Income For Admi $6,448.00 Very-Low Income $231,000.00 46.2% Projected Recaptured Funds: Low Income $293,000.00 58.7% Distribution: $499,545.00 Moderate Income $30,000.00 6.0% Total Available Funds: $628,505.00 TOTAL 110.9% FLORIDA HOUSING FINANCE CORPORATION Please check applicable box HOUSING DELIVERY GOALS CHART New Plan: X 2016 -2017 Amendment: I Fiscal Yr. Closeout: Name of Local Government: CITY OF CLEARWATER Estimated Funds: $499,545.00 A B C D E F HOME OWNERSHIP VLI Max. SHIP LI Max. SHIP MI Max. SHIP New Construction Rehab /Repair Without Total Total Total Code STRATEGIES (strategy title must be same as the title used in plan text. Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units 10 New Construction 0 $46,000 1 $46,000 0 $46,000 $46,000.00 $46,000.00 9.21% 1 1 Acquisition of Existing Homes w 3 $20,000 2 $20,000 0 $20,000 $100,000.00 $100,000.00 20.02% 5 2 DPCCA for Existing Homes /with 2 $18,000 4 $18,000 0 $18,000 $54,000.00 $54,000.00 $108,000.00 21.62% 6 3 Owner - Occupied Rehabilitation 4 $30,000 4 $30,000 1 $30,000 $270,000.00 $270,000.00 54.05% 9 f`f' 5 Disaster Mitigation 0 $5,000 0 $5,000 0 $5,000 $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 Subtotal 1 (Home Ownership) 9 11 1 $46,000.00 $424,000.00 $54,000.00 $524,000.00 104.90% 21 RENTAL VLI Max. SHIP LI Max. SHIP MI Max. SHIP New Construction Rehab /Repair Without Total Total Total STRATEGIES Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units 14 Multi - Family 1 $15,000 1 $15,000 0 15000 $15,000.00 $26,655.00 $41,655.00 8.34% 2 $0.00 0.00% 0 ' $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 Subtotal 2 (Non -Home Ownershi 1 1 0 $15,000.00 $26,655.00 $0.00 $41,655.00 8.34% 2 Administration Fees $49,954.00 10.00% Admin. From Program Income $12,896.00 2.58% Home Ownership Counseling 0.00% GRAND TOTAL Add Subtotals 1 & 2, plus all Ad 10 12 1 $61,000.00 $450,655.00 $54,000.00 $628,505.00 125.82% 23 Percentage Construction /Re Calculate Constr. /Rehab Percent. by adding Grand Total Columns A &B, then divide by Annual Allocation Amt. 102% Maximum Allowable Purchase Price: New $150,000 Existing $138,000 Allocation Breakdown Amount % Projected Program Income: $128,960.00 Max Amount Program Income For Admir $12,896.00 Very-Low Income $231,000.00 46.2% Projected Recaptured Funds: Low Income $293,000.00 58.7% Distribution: $499,545.00 Moderate Income $30,000.00 6.0% Total Available Funds: $628,505.00 - TOTAL 110.9% FLORIDA HOUSING FINANCE CORPORATION Please check applicable New Plan: box HOUSING DELIVERY GOALS CHART X 2017 -2018 Amendment: 1 J Estimated Funds: $499,545.00 Fiscal Yr. Closeout: Name of Local Government: ICITY OF CLEARWATER A B C D E F HOME OWNERSHIP VLI Max. SHIP LI Max. SHIP MI Max. SHIP New Construction Rehab /Repair Without Total Total Total Code STRATEGIES (strategy title must be same as the title used in plan Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units 10 New Construction 0 $46,000 1 $46,000 0 $46,000 $46,000.00 $46,000.00 9.21% 1 1 Acquistion of Existing Homes w/R 3 $20,000 2 $20,000 0 $20,000 $100,000.00 $100,000.00 20.02% 5 2 DPCCA for Existing Homes /withou 2 $18,000 4 $18,000 0 $18,000 $54,000.00 $54,000.00 $108,000.00 21.62% 6 3 Owner- Occupied Rehabilitation 4 $30,000 4 $30,000 1 $30,000 $270,000.00 $270,000.00 54.05% 9 5 Disaster Mitigation 0 $5,000 0 $5,000 0 $5,000 $0.00 0.00% 0 !. $0.00 0.00% 0 $0.00 0.00% 0 $0.00 0.00% 0 Subtotal 1 (Home Ownership) 9 11 1 $46,000.00 $424,000.00 $54,000.00 $524,000.00 104.90% 21 RENTAL VLI Max. SHIP LI Max. SHIP MI Max. SHIP New Construction Rehab /Repair Without Total Total Total STRATEGIES Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units 14 Multi - Family 1 $15,000 1 $15,000 0 15000 $15,000.00 $26,655.00 $41,655.00 8.34% 2 $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) 1 1 0 $15,000.00 $26,655.00 $0.00 $41,655.00 8.34% 2 ". Administration Fees $49,954.00 10.00% Admin. From Program Income $12,896.00 2.58% Home Ownership Counseling 0.00% GRAND TOTAL Add Subtotals 1 & 2, plus all Adm 10 12 1 $61,000.00 $450,655.00 $54,000.00 $628,505.00 125.82% 23 Percentage Construction /Rehr Calculate Const . /Rehab Percent by adding Grand Total Columns A &B, then divide by Annual Allocation Amt. 102% Maximum Allowable Purchase Price: New $150,000 Existing $138,000 Allocation Breakdown Amount % Projected Program Income: $128,960.00 Max Amount Program Income For Admir $12,896.00 Very-Low Income $231,000.00 46.2% Projected Recaptured Funds: Low Income $293,000.00 58.7% Distribution: $499,545.00 Moderate Income $30,000.00 6.0% Total Available Funds: $628 505.00 TOTAL 110.9% 2015 Exhibit D 67- 37.005(1), F.A.C. Effective Date: 10/14 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. 1 2015 Exhibit D 67-37,0050), FAC, Effective Date: 10114 13) An interlocal entity shall have its local housing assistance trust fund separately audited fur vituh state fiscal year, and the audit forwarded to the Corporation as soon as possible. (14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies. (15) Developers receiving assistance from both Sf 11P and the Low Income lousing'Fax Credit (LIHTC) Program shall comply with the income, affordability and other Ul ITC requirements, simitarly, any units receiving assistance frorn 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 person,-,. (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 (18) The Plan meets the requirements of Section 420-907-9079 FS, 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 or X has not been implemented. ( ounty will check"has") eJ .. .......... il ess Chief Elected Official or designee 4�to's ............ Witness V GEORGE N. CRETEKOS, MAYOR Date OR .......... (Seal) 2 NED 2015 Exhibit F 67- 37.005(1), F.A.C. STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM PROGRAM INFORMATION SHEET The following information must be furnished to the Corporation before any funds can be disbursed. Local Government CITY OF CLEARWATER Chief Elected Official George N. Cretekos Address 112 S. Osceola Avenue, Clearwater, Florida 33756 SHIP Administrator Ms. Terry Malcolm -Smith Address 112 S. Osceola Avenue, Clearwater, Florida 33756 Telephone 727 -562 -4036 EMAIL terry.malcolm- smith @myclearwater.com Alternate SHIP Contact Michael Holmes Telephone 727 -562 -4032 EMAIL Michael.holmes @myclearwater. corn Local Government Employer Federal ID # 59- 6000289 Other Information Geraldine Campos Lopez- Director Economic Development and Housing Department Please attach this form as Exhibit F and submit along with your completed LHAP.