21-04RESOLUTION NO. 21-04
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 420.907-420.9089, 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 Laws, 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 Act (hereafter, SHIP Act),
ss.420.907-420.9089, Florida Statutes, 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 SHIP 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),
(Florida Statutes) and eligible municipalities receiving a local housing distribution of up
to $350,000 may use up to 10 percent (10%) of program income for administrative
costs; and
Resolution No. 21-04
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. 420.907-420.9089, Florida Statutes, for state fiscal years 2021-22,
2022-23 and 2023-24 (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 (5%) of the local housing distribution plus
five percent (5%) 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 term and conditions of said program.
Section 3. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this day of Coe' / , 2021.
Approved as to form:
Laura Mahony
Senior Assistant City Attorney
[GM09-1510-047/218073/1 ]
. "9/1-$10-4-d
Frank V. Hibbard
Mayor
Attest:
Rosemarie Call
City Clerk
2 Resolution No. 21-04
Florida Housin
SHIP LHAP Template 2016-001
(eff. Date 9/11/20181
CITY OF CLEARWATER, FLORIDA
SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP)
2021-2022, 2022-2023, 2023-2024
-IT X\1) BEAUTIFLL• B
1
Flonda ousing
Table of Contents
SHIP LHAP Template 2016-001
Description
Page #
Sect�n|'progrmnmDeteUm ��" � `� �� � -�
3
Section U - H ' ��� ' . -- - � � `' ' `�-
7
A. New Construction (including Down Payment Assistance)
7
B. Acquisition of Existing Homes with Rehabilitation (including Down Payment Assistance)
9
C. Down Payment and Closing Costs Assistance for Existing Homes without Rehabilitation
11
D. Owner Occupied Rehabilitation
13
E. Multi -Family Housing
14
F. Disaster Mitigation Strategy
16
SecdonU|-|`Incentive ``�''� � �|— ����'n`�
17
A. Expedited Permitting
17
B. Ongoing Review Process
17
C. Flexibility in Densities
17
D. The Reduction of Parking and Setback Requirements
18
E. Fiexibility Lot Configurations, Including Zero -Lot -Line
18
F. Inventory of Locally Owned Public Lands
18
G. Support of development near transportation hubs, and major employment centers and
mixed -used development
19
Exhibits
A. Administrative Budget for each fiscal year covered in the PIan
B. Timeline for Estimated Encumbrance and Expenditure
C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year — Covered in the plan
Q. Signed LHAP Certification
E. Signed, dated, witnessed, or attested adopting resolution
F. Ordinance: (If changed from the original creating ordinance)
G. Interlocal Agreement
H. Other Documents lncorporated by Reference
2
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SHIP LHAP Template 2016-001
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I. Program Details:
A. LG(s)
Name of Local Government
CITY OF CLEARWATER
Does this LHAP contain an interlocal agreement?
NO
If yes, name of other local government(s)
B. Purpose of the program:
• To meet the housing needs of the very low, low and moderate -income households.
• To expand production of and preserve affordable housing; and
• To further the housing element of the local government comprehensive plan specific to affordable
housing.
C. Fiscal years covered by the Plan: 2021-2022, 2022-2023, 2023-2024
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,
lending institutions, builders and developers, not-for-profit and community-based housing providers and
service organizations, providers of professional services related to affordable housing, advocates for low-
income persons, real estate professionals, persons or entities that can provide housing or support services and
lead agencies of the local continuums of care.
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: 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.
Waiting List/Priorities: A waiting list will be established when there are eligible applicants for strategies that no
longer have funding available. Those households on the waiting list will be notified of their status. Applicants
will be maintained in an order that is consistent with the time completed applications were submitted as well
as any established funding priorities as described in this plan.
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The following priorities for funding (very low income, Special Needs, etc.) described/listed here apply to all
strategies unless otherwise stated in an individual strategy in Section II:
1. Special Needs Households:
a. Very low
b. Low
c. Moderate
2. Essential Services Personnel:
a. Very low
b. Low
c. Moderate
3. After Special needs and Essential Services Personnel goals are met:
a. Very low
b. Low
c. Moderate
J. 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.
K. 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, Foreclosure Counseling and Transportation.
L. 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 m area purchase price established by the U.S. Treasury Department or as
described above.
The methodology used is:
U.S. Treasury Department
X
Local HFA Numbers
M. 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.
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N. 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.
O. 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
periodic 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
$10,000 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.
P. Administrative Budget: A line -item budget is attached as Exhibit A. The city/county finds that the moneys
deposited in the local housing assistance trust fund are necessary 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(19), 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 applicable local jurisdiction has adopted the above findings in the
resolution attached as Exhibit E.
Q. Program Administration: Administration of the local housing assistance plan will be performed by:
Entity
Duties
Admin. Fee
Percentage
Local Government
CITY OF CLEARWATER
9%
Third Party Entity/Subrecipient
Third Party Entity/Subrecipient Purchase Assistance
Strategy and Disaster Assistance Strategy (depending on
event scale)
1%
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R. First-time Homebuyer Definition: For any strategies designed for first-time homebuyers, the following
definition will apply: An individual who has had no ownership in a principal residence during the 3 -year period
ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are
considered first-time homebuyers). A single parent who has only owned a home with a former spouse while
married. An individual who is a displaced homemaker and has only owned with a spouse. An individual who has
only owned a principal residence not permanently affixed to a permanent foundation in accordance with
applicable regulations. An individual who has only owned a property that was not in compliance with state, local
or model building codes, and which cannot be brought into compliance for less than the cost of constructing a
permanent structure.
S. Project Delivery Costs: Project Delivery Costs will not exceed $5,000 per project. Project delivery costs for the
New Construction, Acquisition of Existing Home with Rehabilitation, Owner -Occupied Rehabilitation, Rental
including project -related activities, such as: performing inspections, developing work write-ups, performing
construction bid tasks, managing construction contracts, and approving change orders and project payments.
Project delivery costs for the Purchase Assistance Strategy includes housing counseling, homebuyer education,
and inspections of the housing units.
T. Essential Service Personnel Definition (ESP): ESP includes Persons whose household income does not exceed
120% of AMI, as updated annually from the Department of Housing and Urban Development (HUD) adjusted
for family size, including: teachers and educators, other school district and university employees, police and fire
fighters personnel, health care personnel, construction industry personnel: Federal, State, County, and local
government personnel, information technology personnel, food service personnel, service personnel, retail
workers, tourism personnel.
U. Describe efforts to incorporate Green Building and Energy Saving products and processes: The City of
Clearwater Rehabilitation Program judiciously adheres to the U.S. Department of Housing and Urban
Development's cost-effective energy conservation standards in consideration of the economic feasibility for
each project.
1. When new appliances are to be installed, they are to be Energy Star' rated to reduce the energy
consumption of the residence being rehabilitated.
2. The addition of insulation in the attic to a nominal level of R30 to further reduce the energy
consumption of cooling and heating units.
3. Installing new HVAC units which use Tess energy by being more efficient than previously installed units.
The units must conform to the Florida Building Code and the Florida Energy Code (minimum of SEER
14) and they must be correctly sized for the building.
4. When new HVAC Ducts are installed, they are required to be insulated to a minimum of R-8 in
accordance with the Florida Energy Code.
5. Replacement windows are to be hurricane impact, insulated and Energy StarTM A.N.S.I.A 134.1, NFRC
rated.
6. Replacing doors with new engineered products which creates better air sealing with the program
required weather-stripping as well as being better constructed and more sustainable than existing
products.
V. Describe efforts to meet the 20% Special Needs set-aside: The Special Needs set-aside will be met through all
strategies with particular attention given to the owner -occupied rehabilitation and multi -family strategies. The
City of Clearwater will give first priority, in all housing strategies, to serving persons with special needs with an
emphasis on removing barriers.
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W. Describe efforts to reduce homelessness: The City of Clearwater initiated and maintains a comprehensive and
holistic approach that established the City Homeless Initiative Program. The Homeless Initiative Program
provides homeless individuals and families access to comprehensive services. The City has committed its
support for organizations that provide wrap-around services that address the root causes of homelessness. In
addition, the City contributes financially to the Homeless Leadership Alliance (HLA) which is an umbrella
organization overseeing the continuum of care providers in Pinellas County. The following are some of the ways
in which city funds are being used to provide services to individuals and families experiencing homelessness:
1. Overnight, emergency, transitional, or permanent housing to homeless individuals and/or families.
2. Delivery of case management.
3. Transportation services for veterans to Bay Pines Hospital.
Section II. LHAP Strategies:
A. NEW CONSTRUCTION
10
a. Summary: The City of Clearwater, through eligible developers (for profit and non-profit) will use SHIP
funds for the development of new single-family 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.
b. Fiscal Years Covered: 2021-2022, 2022-2023, 2023-2024
c. Income Categories to be served: Very low, low- and moderate
d. Maximum award: $200,000 per unit for developers/non-profits. Maximum award to the homebuyer is
$45,000 in down payment assistance.
e. Terms:
Developer:
1. Repayment loan/deferred loan/grant: deferred payment mortgage and note not to exceed 24 months
2. Interest Rate: 0%
3. Years in loan term: 2
4. Forgiveness: In the event that through no fault of the developer/non-profit, the project suffers a
reduction in market value, the City reserves the right to allow for a buy -down (forgiveness) equal to the
difference between the project development cost and market value after forgiving an amount that
allows the developer a 12% developer fee on construction costs.
When the developer sells the property to an income eligible homebuyer, the loan to the developer is
satisfied.
5. Repayment: The loan is repaid when the home is sold
6. Default: The loan becomes due and payable, if at the end of the loan term, the home is not sold, or if
the home does not have a contract within 24 months.
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For the Homebuyer:
1. Repayment loan/deferred loan/grant: Funds will be awarded as an amortized loan and forgivable loan
secured by a recorded subordinate mortgage and note.
2. Interest Rate: 0%
3. Years in loan term: 25 years
4. Forgiveness: 50% of the loan is deferred for the loan term and forgiven at maturity if no event of default
exists
5. Repayment: Payments on the amortized amount will commence after the 5 year deferral period and is
amortized over twenty (20) years.
6. Default: The loan will be determined to be in default in any of the following occurs during the loan
term:
a) Death of the borrower(s). In the event the homeowner should die, this strategy allows for
assumption by eligible heirs.
b) Upon sale or transfer of title
c) Property is vacated and is no longer the primary residence of the borrower
d) Property is converted into rental unit
e) Any refinancing with cash out or debt consolidation
In the event of non-payment or other default defined above, the City will follow its "Economic
Development & Housing Department Affordable Housing Loan Foreclosure and Loan Foreclosure
Alternative Policy".
f. Recipient/Tenant Selection Criteria:
Applicants will be ranked for assistance based on a first -qualified, first- served basis with the priorities for
Special Needs, Essential Services Personnel and income groups as described in Section I. (1) of this plan.
g.
To qualify for assistance, an eligible buyer must meet the following requirements:
1. The applicant is not required to be a First -Time Homebuyer to qualify for assistance, but they cannot
own a property serving as the principal residence at the time of closing.
2. In addition, households that have been assisted with any City's funds in the past are ineligible to receive
funding again through any of the Housing Division's Programs, unless the prior assistance has been paid
in full and a Satisfaction of Mortgage executed and recorded in Public Records, unless there is some
form of "hardship" as defined. Examples of hardship include divorce, permanent layoff, physical or
mental disability, fire, flood, or natural disaster or the death of a family member. Hardship
determination will be determined and approved on a case-by-case basis by the Assistant Director of the
Department.
Sponsor Selection Criteria: All developers will be selected using the City's Consolidated Annual Action Plan
Application process. Eligible developers (for-profit or non-profit organizations) that receive assistance
under this program will be required to contractually commit and comply with all SHIP program
requirements.
h. Additional Information:
To qualify for Down Payment Assistance:
1. Applicants must be able to obtain a first mortgage from a licensed lending institution.
2. The first mortgage cannot exceed a term of thirty (30) years.
3. Applicants will contribute 1% of sale price toward the transaction
4. All buyers must have completed at least eight (8) hours of homebuyer education through a HUD -
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approved housing counseling agency.
5. Other state, federal, county, private and homeowner contributions may be leveraged with SHIP funds.
6. Mobile homes are not eligible for assistance
7. There may be instances where the cost to develop the project is higher than the sales price. When the
developer sells the property to an income eligible buyer and the loan proceeds are remitted to the City,
the difference between the sales price and development costs will be forgiven and recognized as a grant
to the homeowner.
8. The City may use SHIP funds as a match for the HOME program to loan funds to eligible developers (for
profits and non -profits) for the construction of new single-family 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 homebuyer.
B. ACQUISITION OF EXISTING HOME WITH REHABILIATION
Code 1, 9
a.
Summary: The City of Clearwater through eligible developers (for profit and non-profit) will 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 housing units.
Under this strategy, the Community Land Trust principles may be utilized. The community land trusts
become the stewards of the 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.
b. Fiscal Years Covered: 2021-2022, 2022-2023, 2023-2024
c. Income Categories to be served: Very low, low and moderate
d. Maximum award: $200,000 per unit for the developers/non-profits. For the homeowner, the loan amount
for down payment and closing costs assistance will not exceed $45,000.
e. Terms:
For the Developer:
1. Repayment loan/deferred loan/grant: deferred payment mortgage and note not to exceed 24 months
2. Interest Rate: 0%
3. Years in loan term: 2
4. Forgiveness: N/A
5. Repayment: The loan is repaid when the house is sold, less a 12% fee to the developer. The 12%
developer fee is calculated as 12% of the improvements on the property.
6. Default: The loan becomes due and payable if at the end of the loan term, the home is not sold, or if
the home does not have a sales contract within the 24 month period.
For the Homebuyer:
1. Repayment loan/deferred loan/grant: Funds will be awarded as an amortized loan and forgivable loan
secured by a recorded subordinate mortgage and note.
2. Interest Rate: 0%
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3. Years in Loan term: 25 years
4. Forgiveness: 50% of the loan is deferred for the loan term and forgiven at maturity if no event of default
exists.
5. Repayment: Payments on the amortized amount will commence after the 5 year deferral period and
is amortized over twenty (20) years
6. Default: The loan will be determined to be in default if any of the following occurs during the loan
term:
a) Death of the borrower(s). In the event the homeowner should die, this strategy allows for
assumption by eligible heirs
b) Upon sale or transfer of title
c) Property is vacated and is no longer the primary residence of the borrower
d) Property is converted to a rental unit
e) Any refinancing with cash out or debt consolidation
In the event of non-payment or other default as defined above, the City will follow its "Economic
Development & Housing Department Affordable Housing Loan Foreclosure and Loan Foreclosure
Alternative Policy."
f. Recipient/Tenant Selection Criteria: Applicants will be ranked for assistance based on a first -qualified, first-
served basis with the priorities for Special Needs. Essential Service Personnel and income groups as
described in Section 1. (I) of this plan.
g.
To qualify for assistance an eligible buyer must meet the following requirements:
1. The applicant is not required to be a First-time Homebuyer to qualify for assistance, but they cannot
own a property serving as the principal residence at the time of closing.
2. In addition, households that have been assisted with any City funds in the past are ineligible to receive
funding again through any of the Housing Division's Programs, unless the prior assistance has been paid
in full and a Satisfaction of Mortgage executed and recorded in Public Records, unless there is some
form of "hardship" as defined. Example of hardship include, divorce, permanent layoff, physical or
mental disability, fire, flood or natural disaster or the death of a family member. Hardship
determination will be determined and approved on a case-by-case basis by the Director of the
Department. Assistance provided under the Disaster Strategy described in this plan will not disqualify
a household from receiving funding through any of the Housing Division's Programs.
Sponsor Selection Criteria: All program sponsors will be selected using the City's Consolidated Annual
Action Plan Application process. Eligible sponsors that provide assistance under this program will be
required to contractually commit and comply with all SHIP program requirements.
h. Additional Information:
1. To qualify for assistance
a) Applicants must be able to obtain a first mortgage from a licensed lending institution.
b) This first mortgage cannot exceed a term of thirty (30) years.
c) Down Payment Assistance applicants will contribute 1% of sale price toward the transaction.
d) All Buyers must have completed at least eight (8) hours of homebuyer education through a HUD -
approved housing counseling agency.
e) Other state, federal, county, private and homeowner contributions may be leveraged with SHIP
funds.
f) All properties being purchased must meet the HUD HQS standards. An inspection is required to
verify that the property meets applicable safety/code requirements. If repairs are required to bring
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the property to HUD HOS standards and the cost for the repairs exceeds $1,000, the property will
be coded as "down payment and closing costs with rehabilitation." If the seller can provide
documentation to show that the property had repairs over $1,000 completed within the past
twelve (12) months, the property will also be coded as "down payment and closing costs with
rehabilitation". There may be instances where the cost to develop the project is higher than the
sales price. When the developer sells the property to an income eligible buyer and the loan
proceeds are remitted to the City, the difference between the sales price and development costs
will be forgiven and recognized as a grant to the homebuyer.
2. Other: Mobile homes are not eligible for assistance.
C. DOWN PAYMENT AND CLOSING COSTS ASSISTANCE FOR EXISTING HOMES
WITHOUT REHABILIATION
Code 2
a. Summary: The City of Clearwater through its housing programs and through its subrecipients will
use SHIP funds to provide down payment and closing costs assistance to homebuyers of existing
homes. Property purchased must be the primary residence of the buyer.
b. Fiscal Years Covered: 2021-2022, 2022-2023, 2023-2024
c. Income Categories to be served: Very low, low and moderate
d. Maximum award: $47,000.00
e. Terms:
1. 1. Repayment loan/deferred loan/grant: Funds will be awarded as an amortized loan and forgivable
loan secured by a recorded subordinate mortgage and note.
2. Interest Rate: 0
3. Years in loan term: The City's loan term is 25 years.
4. Forgiveness: 50% of the loan is deferred for the loan term and forgiven at maturity if no event of default
exists
5. Repayment: Funds will be awarded as an amortized loan and forgivable loan secured by a recorded
subordinate mortgage and note. For repayment, the loan will be deferred for five (5) years with monthly
payments commencing at the end of the deferred period.
6. Default: The loan becomes due and payable if one of the following occurs:
a) Death of a borrower(s). In the event the homeowner should die, this strategy allows for assumption
by eligible heirs.
b) Upon sale or transfer of title.
c) Property is vacated and no longer the primary residence of the borrower.
d) Property is converted into a rental unit. In the event of non-payment or other default defined
above, the City will follow its "Economic Development & Housing Department Affordable Housing
Loan Foreclosure and Loan Foreclosure Alternative Policy."
f. Recipient/Tenant Selection Criteria: Applicants will be ranked for assistance based on a first -qualified, first-
served basis with the priorities for Special Needs, Essential Services Personnel and income groups as
described in section I.(I) of this plan.
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Sponsor Selection Criteria: All program sponsors or sub -recipients will be selected using the City's
Consolidated Annual 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.
h. Additional Information:
1. To qualify for assistance
a) Applicants must be able to obtain a first mortgage from a licensed lending institution.
b) This first mortgage cannot exceed a term of thirty (30) years.
c) Down Payment Assistance applicants will contribute 1% of sale price toward the transaction.
d) All Buyers must have completed at least eight (8) hours of homebuyer education through a HUD -
approved housing counseling agency.
e) Other state, federal, county, private and homeowner contributions may be leveraged with SHIP
funds.
f) All properties being purchased must meet the HUD HQS standards. An inspection is required to
verify that the property meets applicable safety/code requirements. If repairs are required to bring
the property to HUD HQS standards and the cost for the repairs exceeds $1,000, the property will
be coded as "down payment and closing costs with rehabilitation." If the seller can provide
documentation to show that the property had repairs over $1,000 completed within the past
twelve (12) months, the property will also be coded as "down payment and closing costs with
rehabilitation". There may be instances where the cost to develop the project is higher than the
sales price. When the developer sells the property to an income eligible buyer and the loan
proceeds are remitted to the City, the difference between the sales price and development costs
will be forgiven and recognized as a grant to the homebuyer.
2. Other: Mobile homes are not eligible for assistance.
12
Florida Housing
SHIP LHAP Template 2016-001
teff. Date 9/11/20181
D. OWNER -OCCUPIED REHABILITATION
3, 6
a. Summary: The City of Clearwater will award SHIP funds to income eligible households for the
rehabilitation of owner -occupied residences. Funds for assistance may be used for housing
rehabilitation such as the following:
1. Correcting housing code deficiencies
2. Adapting the residence to meet accessibility needs of a disabled family member
In cases where health, safety and welfare of the household are in jeopardy, they shall receive priority
and the Housing Coordinator shall evaluate the situation to determine if the work may be done as
emergency repairs. Such things that are considered "emergency repairs" are:
1. Structural components that show signs of imminent collapse
2. Inoperable heating systems during the winter months
3. Water Teaks in walls or foundation
4. Roof leaks causing electrical hazards, ceiling collapse or structural damage
5. Inoperable exterior doors and/or windows, preventing emergency egress
6. Falling Ceiling
7. Lead-based paint
8. ADA modifications of an immediate nature
Priority will be given to those whose homes need renovations to allow elderly or those with special
needs to remain independent in their homes and prevent them from having to move into an assisted
living -type arrangement. Improvements may include things as:
1. Widening of doorways
2. Lowering of cabinets
3. Installation of grab -bars
4. Visual guiding systems for the hearing impaired
b. Fiscal Years Covered: 2021-2022, 2022-2023, 2023-2024
c. Income Categories to be served: Very low, low and moderate
d. Maximum award: $50,000.00.
e. Terms:
1. Repayment loan/deferred loan/grant: SHIP Funds will be awarded as a deferred loan secured by a note
and mortgage.
a) Borrowers with incomes Tess than 50% Area Median Income will be awarded a 30 -year deferred
payment loan up to an amount of $45,000. In addition, project delivery costs will not exceed
$5,000.00. The deferred payment loan is satisfied at the end of 30 years, if no default occurs.
b) Borrowers with current housing debt that exceeds 35% if their gross monthly income will be
awarded a 30 -year deferred payment loan up to an amount of $45.000.00
To qualify for a twenty-year, zero percent interest loan, eligible borrower must meet the following
criteria: All eligible borrowers with household income above 50% of AMI, and current housing debt
below 35% of their gross monthly income will repay the rehabilitation assistance at zero percent
interest with the following stipulations:
13
Ronda- ousint
g.
SHIP LHAP Template 2016-001
Leff. Date 9/11/20181
a) The payments are deferred for 120 days from the note date with monthly payments commencing
at the end of the deferred period and amortized over 20 years.
b) Loans will be secured by a Mortgage and Note and recorded in public records
2. Interest Rate: 0%
3. Years in loan term: For the deferred payment loan, the term is 30 years. For the payment loan, the loan
term is 20 years.
4. Forgiveness: 30 -year, 0% deferred payment loan, the loan balance is forgiven after 30 years, if no
default occurs.
5. Repayment: 20 -year 0% interest payment loan.
6. Default: The loan will be determined to be in default if any of the following occurs during the loan term:
a) Death of a borrower(s). In the event the homeowner should die, this strategy allows for assumption
by eligible heirs
b) Upon sale or transfer of title
c) Property is vacated and no longer the primary residence of the borrower
d) Property is converted into rental unit
e) Any refinancing with cash out or debt consolidation
In the event of non-payment or other default defined above, the City will follow its Economic
Development & Housing Department Affordable Housing Loan Foreclosure Alternative Policy.
7. Recipient/Tenant Selection Criteria: Applicants will be ranked for assistance based on a first -qualified,
first-served basis with priorities for Special Needs, Essential Services Personnel and income groups as
described in Section I. (1) of this plan.
In addition, households that have been assisted through the rehabilitation strategy with city funds
within the past are ineligible to receive funding again through any of the Housing Division's Programs,
unless prior assistance has been paid in full and a Satisfaction of Mortgage executed and recorded in
Public Records, unless there is some form of "hardship" as defined. Examples of hardship include, but
may not be limited to divorce, permanent layoff, physical or mental disability, fire, flood or natural
disaster or the death of a family member. Hardship determination will be determined and approved
on a case-by-case basis by the Director of the Department.
Sponsor Selection Criteria: N/A
h. Additional Information:
1. Applicants must be the owner -occupant of the property.
2. The applicant must be current on their current mortgages, property taxes and homeowners and, if the
property is located in a flood zone flood insurance is required.
3. Applicant must have sufficient equity in the property for the rehabilitation loan. Maximum Loan to
value must not exceed 145% of Comparable Sales Value calculated by the Pinellas County Property
Appraiser. An appraisal performed by a licensed appraiser may also be used to determine value.
E. MULTI -FAMILY HOUSING
Code 14, 21
a.
Summary: SHIP funds may be provided as loans to developers (for profit and non-profit) to support
the acquisition, rehabilitation and/or new construction of multi -family housing, including single-
family room occupancy, transitional housing, or the housing portion of a mixed -used facility and/or
mixed -income projects.
14
Flexid ousint
SHIP LHAP Template 2016-001
[eff. Date 9/11/20181
b. Fiscal Years Covered: 2021-2022, 2022-2023, 2023-2024
c. Income Categories to be served: Very low, low and moderate
d. Maximum award: $150,000 — per unit new construction; $45,000 per unit for rehabilitation.
e. Terms:
1. Repayment loan/deferred loan/grant: Funds will be awarded as a loan secured by a recorded mortgage
and note.
2. Interest Rate: Up to 4 %. Interest rate will be determined based on an analysis of projected revenues
and expenditures.
3. Years in loan term: A maximum of 30 years
4. Forgiveness: N/A
5. Repayment: Loan is due and payable at the end of the loan term
6. Default: The loan will be determined to be in default if any of the following occurs during the loan term:
a) Sale, transfer, or conveyance of property
b) Conversion to another use
c) Failure to maintain standards for compliance as required by any of the funding sources
d) If any of these occur, the outstanding balance will be due and payable
f. Recipient/Tenant Selection Criteria: All applicants for residence in a SHIP -assisted unit must meet income
qualifications of the program as determined and reported by the developer's management company of the
development.
g.
Sponsor/Sub-recipient Selection Criteria: Eligible developers (for profit or non-profit) will be selected using
the City's Consolidated Annual Action Plan Application process. Eligible individuals, developers or non-profit
organizations that provide assistance under this program will be required to contractually commit and
comply with all SHIP program requirements.
Criteria includes:
1. The non-profit must have received a tax-exempt ruling from the IRS under section 501(c) (3). The non-
profit corporation must be organized and established under the laws of the State of Florida.
2. The non-profit or for-profit corporation must have financial accountability standards that permit the
Economic Development & Housing Department to verify organizational and financial capacity to carry
out the project.
3. The non-profit or for-profit corporation must have experience in development appropriate to this
strategy.
h. Additional Information:
1. Projects funded by 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.
2. Developers (for profit or not-for-profit) will be required to meet compliance reporting requirements on
the development necessary to meet the statutory requirements for monitoring of SHIP rental units.
3. Depending on the financial projection of the project, the City may pay the developer up to a 12%
developer fee.
15
Florida Housing
SHIP LHAP Template 2016-001
Leff. Date 9/11/2018]
F. DISASTER ASSISTANCE
Code 5, 16
a. Summary: The Disaster Strategy provides assistance to households following a disaster as declared
by the President of the United States or Governor of the State of Florida. This strategy will only be
implemented in the event of a disaster using any funds that have not yet been encumbered or with
additional disaster funds allocated by Florida Housing Finance Corporation. SHIP disaster funds may
be used for items such as, but not limited to:
1. Purchase of emergency supplies for eligible households to weatherproof damaged homes;
interim repairs to avoid further damage, tree debris removal required to make the individual
housing unit habitable.
2. Construction of wells or repair of existing wells where public water is not available.
3. Payment of insurance deductibles for rehabilitation of homes covered under homeowners'
insurance policies
4. Security deposits for eligible recipients that have been displaced from their homes due to disaster
5. Rental and utility assistance for eligible applicants
6. Mortgage and utility payment for eligible applicants
7. Strategies included in the approved LHAP that benefit applicants directly affected under the
Executive Orders
8. Other eligible activities as proposed to and approved by Florida Housing
b.
c.
Fiscal Years Covered: 2021-2022, 2022-2023, 2023-2024
Income Categories to be served: Very low, low and moderate
d. Maximum award: $10,000
e. Terms:
1. Repayment loan/deferred loan/grant: Funds will be awarded as a grant with no recapture terms.
2. Interest Rate: N/A
3. Years in loan term: N/A
4. Forgiveness: N/A
5. Repayment: N/A
6. Default: N/A
f. Recipient/Tenant Selection Criteria: Applicants will he assisted on a first -qualified, first-served basis.
Priority shall be given to persons who have special housing needs and individuals or households that qualify
as Elderly as defined in 420.503, F.S., with the following additional requirements.
g.
Sponsor Selection Criteria:
A sponsor may be selected during a disaster declaration in or to provide project delivery services for
assistance to households in the community. Sponsors selection will be based on an agency's experience
and capacity to carry out project delivery. A project delivery fee will be determined based on the scope of
the project based on the type of disaster and assistance being provided to households.
h. Additional Information:
1. Annual funding is not allocated toward this Strategy. In the event of a disaster declaration,
unencumbered funds and/or additional funds award through Florida Housing Finance Corporation for
the disaster will be used to fund this Strategy.
16
Fc�fid ousing
SHIP LHAP Template 2016-001
teff. Date 9/11/20181
2. If homeowner is insured, proceeds from the insurance must be used first before SHIP funds, except for
the payment of the deductible.
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.
Provide a description of the procedures used to implement this strategy:
The City of Clearwater Economic Development & Housing Division continues to provide a form
titled, "Request for Expedited Permit Process for Affordable Housing Activity" to fast track
affordable housing projects.
B. 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.
Provide a description of the procedures used to implement this strategy:
The Economic Development & Housing Department typically receives new City Comprehensive Plan
and Community Development Code provisions and ordinances for comment and participates in the
City's review process prior to adoption. This review process is maintained as a regular agenda item
during Senior Executive Team bi-monthly meetings.
C. The allowance of flexibility in densities for affordable housing
The City of Clearwater supports flexibility in densities for affordable housing through its
Comprehensive Plan policies and through its Community Development Code.
Provide a description of the procedures used to implement this strategy:
Comprehensive Plan policies in support of flexible densities are adopted in the Future Land Use
Element (FLUE) and Housing Element as follows:
Policy A.2.2.12 — 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. (FLUE)
Policy C.1.9.1 — 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. (Housing Element)
17
Floi-id(`Nousin
SHIP LHAP Template 2016-001
left. Date 9/11/20181
D. The reduction of parking and setback requirements for affordable housing
The Housing Element of the City's Comprehensive Plan supports the reduction of parking and
setback requirements for affordable housing.
Provide a description of the procedures used to implement this strategy:
The following policies in the Housing Element support the reduction of parking and setback
requirements for affordable housing:
Policy C.1.9.2 — Allow flexibility with regard to setbacks and 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 the
immediate vicinity.
Policy C.1.9.3 — Allow flexibility with regard to off-street parking for projects containing
affordable housing units located within 1000 feet of a transit stop.
E. The allowance of flexible lot configuration, including zero -lot -line configuration for affordable
housing:
The City currently allows flexible site plan configurations, including zero -lot line configurations for
affordable housing. The plan 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
Provide a description of the procedures used to implement this strategy:
The City currently allows for site plan flexibility through the development review process, as
supported by the City's Community Development Code. 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.
d. The scale and coverage of the proposed development shall be compatible with adjacent
properties. If the overall bulk is larger than the surrounding buildings, the bulk may be
reduced with the help of design elements such as step backs and setback.
F. The preparation of a printed inventory of locally -owned public lands suitable for affordable
housing:
The Affordable Housing Inventory List is maintained by Comprehensive Plan Policy:
Policy C.1.2.6 - The City shall identify vacant and underutilized city -owned property that may
be deemed surplus property and make it available for the development of affordable
housing. (Housing Element)
18
Florida Housing
SHIP LHAP Template 2016-001
left'. Date 9/11/20181
Provide a description of the procedures used to implement this strategy:
The Affordable Housing Inventory List is State -mandated by Section 166.0451, F.S. and was
triennially updated. Updates occurred in 2009 by City Resolution #09-41 (November 5,
2009), in 2013 by City Resolution #13-10 (June 6, 2013), in 2016 by City Resolution #16-14
(June 16, 2016), and in 2019 by City Resolution #19-10 (June 20, 2019). As of 2019, there
were 19 parcels suitable for the development of affordable housing.
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. Since 2017, the Planning and Development
Department has implemented a foreclosure program targeting properties with substantial
code violations. As a result, several properties have been donated for affordable housing
development.
G. The Support of development near transportation hubs, and major employment centers and
mixed -used development
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 used to implement this strategy:
The Housing Element of the Comprehensive Plan also supports the location of assisted
housing near major activity centers through the following policies:
Policy C.1.4.2 — Assisted housing should be located in close proximity to 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 (Housing Element).
Policy C.1.9.3 as well as Community Development Code Article 3, Division 9, Section 3-920.8.
for the City's "affordable housing parking incentive".
19
Florida Housing
IV. EXHIBITS:
SHIP LHAP Template 2016-001
left'. Date 9/11/20181
Required
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 LHAP Certification.
E. Signed, dated, witnessed or attested adopting resolution.
Optional
F. Ordinance: (If changed from the original creating ordinance).
G. Interlocal Agreement.
H. Other Documents Incorporated by Reference.
➢ Consolidated Annual Action Plan
➢ Economic Development & Housing Department Affordable Housing Loan Foreclosure and Loan
Foreclosure Alternative Policy
20
ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR
Exhibit A
Exhibit A (2021)
(Local Government name)
Fiscal Year: 2021-2022
Estimated SHIP Funds for Fiscal Year:
$ 202,000.00
Salaries and Benefits
$ 20,200.00
Office Supplies and Equi•ment
Travel Per diem Workshops, etc.
Advertising
Other*
Total
$ 20,200.00
Admin %
10.00%
OK
Fiscal Year 2022-2023
Estimated SHIP Funds for Fiscal Year:
$ 202,000.00
Salaries and Benefits
$ 20,200.00
Office Supplies and Equipment
Travel Per diem Workshops, etc.
Advertising
Other*
Total
$ 20,200.00
Admin %
10.00%
OK
Fiscal Year 2023-2024
Estimated SHIP Funds for Fiscal Year:
$ 202,000.00
Salaries and Benefits
$ 20,200.00
Office Supplies and Equipment
Travel Per diem Workshops, etc.
Advertising
Other*
Total
$ 20,200.00
Admin %
10.00%
OK
*AII "other" items need to be detailed here and are subject to review and approval by
the SHIP review committee. Project Delivery Costs that are outside of administrative
costs are not to be included here, but must be detailed in the LHAP main document.
Details:
[eff. date]
Exhibit B
Timeline for SHIP Expenditures
City of Clearwater affirms that funds allocated for these fiscal years will
(local government)
meet the following deadlines:
Fiscal Year
Encumbered
Expended
1st Year AR
2nd Year AR
Closeout AR
2021-2022
6/30/2023
6/30/2024
9/15/2022
9/15/2023
9/15/2024
2022-2023
6/30/2024
6/30/2025
9/15/2023
9/15/2024
9/15/2025
2023-2024
6/30/2025
6/30/2026
9/15/2024
9/15/2025
/9/15/2026
If funds allocated for these fiscal years is not anticipated to meet any of the deadlines in the table above,
Florida Housing Finance Corporation will be notified according to the following chart:
Fiscal Year
Funds Not
Encumbered
Funds Not
Expended
1st Year AR
Not
Submitted
2nd Year AR
Not
Submitted
Closeout AR
Not
Submitted
2021-2022
3/30/2023
3/30/2024
6/15/2022
6/15/2023
6/15/2024
2022-2023
3/30/2024
3/30/2025
6/15/2023
6/15/2024
6/15/2025
2023-2024
3/30/2025
3/30/2026
6/15/2024
6/15/2025
6/15/2026
Requests for Expenditure Extensions (close-out year ONLY) must be received by FHFC by June 15 of the
year in which funds are required to be expended. The extension request shall be emailed to
robert.dearduff@floridahousing.org and terry.auringer(a floridahousing.org and include:
1. A statement that "(city/county) requests an extension to the expenditure deadline for fiscal
year
2. The amount of funds that is not expended.
3. The amount of funds that is not encumbered or has been recaptured.
4. A detailed plan of how/when the money will be expended.
Note: an extension to the expenditure deadline (June 30) does not relieve the requirement to submit
(September 15) the annual report online detailing all funds that have been expended. Please email
terry.auringer(5Jfloridahousinq.orq when you are ready to "submit" the AR.
Other Key Deadlines:
AHAC reports are now due annually by December 31. Local governments receiving the minimum (or less)
allocation may choose not to report.
LHAP Exhibt C 2021
FLORIDA HOUSING FINANCE CORPORATION
HOUSING DELIVERY GOALS CHART
2023-2024
Name of Local Government: CITY OF CLEARWATER
Estimated Funds (Anticipated allocation only):
$
202,000
Max. SHIP
Award
LI Units
Max. SHIP
Award
Mod
Units
Max. SHIP
Award
New Construction
Without
Construction
Total
Units
Code
Strategies
Qualifies for
75% set-aside
VLI Units
Homeownership
10
DPA FOR NEWLY CONSTRUCTED UNTIS
Yes
0
$45,000
1
$45,000
0
$45,000
$45,000.00
$0.00
$45,000.00
1
2
DPA FOR EXISTING UNITS W/REHABILIATION
Yes
1
$47,000
1
$47,000
0
547,000
$47,000.00
$0.00
547,000.00
2
3
OWNER -OCCUPIED REHABILIATION
Yes
1
$50,000
0
$50,000
0
$50,000
$45,000.00
$0.00
545,000.00
1
5
DISASTER MITIGATION
No
0
510,000
0
510,000
0
$10,000
$0.00
$0.00
$0.00
0
2
urwrurcexollrvUUNI i�
MITIIl111T!➢CL Anil III TIr1A1
No
0
$47,000
0
$47,000
0
$47,000
50.00
50.00
50.00
0
$0.00
50.00
50.00
50.00
0
0
50.00
50.00
$0.00
0
50.00
$0.00
0
Total Rental
1
$0.00
$0.00
$0.00
0
0
$44,800.00
$0.00
$44,800.00
2
$0.00
$0.00
$0.00
0
�-a`
_
OK
Ie
� A
w iI
Gl I tl�
$0.00
$0.00
50.00
0
Total Homeownership
2
5137,000.00
2
5122,000.00
0
5137,000.00
50.00
5137,000.00
4
Purchase Price Limits:
New
$ 229,000
Existing
$ 262,000
OK
OK
Code
Rental
Qualifies for
75% set-aside
VLI Units
Max. SHIP
Award
LI Units
Max. SHIP
Award
Mod
Units
Max. SHIP
Award
New Construction
Without
Construction
Total
Units
14,21
MULTIFAMILY
Yes
1
522,400
1
522,400
0
200000
$44,800.00
$0.00
$44,800.00
2
$0.00
$0.00
$0.00
0
$0.00
50.00
50.00
0
$0.00
$0.00
50.00
0
$0.00
50.00
$0.00
0
$0.00
50.00
$0.00
0
Total Rental
1
1
0
$44,800.00
$0.00
$44,800.00
2
t .;.,
•-__I
�-a`
_
OK
Ie
� A
w iI
Gl I tl�
Administration Fees
$
20,200
10%
Home Ownership Counseling
$-
OK
Total All Funds $
202,000
..m. _�" _1.
90.0%
OK
s w �".j �' ;��
�R�... •';.;-.
i .. 3��"'� �aF r- `�d�o�
Percentage Construction/Rehab (75% requirement)
Homeownership % (65% requirement)
67.8%
OK
Rental Restriction (25%)
22 2%
OK
Very -Low Income (30%requirement)
$ 119,400
59.1%
OK
Low Income (30% requirement)
$ 92,000
45.5%
OK
Moderate Income
$ -
0.0%
Exhibit D
67-37.005(1), F.A.C.
[eft'. date]
CERTIFICATION TO
FLORIDA HOUSING FINANCE CORPORATION
Local Government or Interlocal Entity:
CITY OF CLEARWATER
Certifies that:
(1) The availability of SHIP funds will be advertised pursuant to program requirements in
420.907-420.9089, Florida Statutes.
(2) All SHIP funds will be expended in a manner which will ensure that there will be no discrimination
on the basis of race, color, national origin, sex, handicap, familial status, or religion.
(3) A process to determine eligibility and for selection of recipients for funds has been
developed.
(4) Recipients of funds will be required to contractually commit to program guidelines and loan terms.
(5) Florida Housing will be notified promptly if the local government /interlocal entity will be
unable to comply with any provision of the local housing assistance plan (LHAP).
(6) The LHAP provides a plan for the encumbrance of funds within twelve months of the end of the
State fiscal year in which they are received and a plan for the expenditure of SHIP funds including
allocation, program income and recaptured funds within 24 months following the end of the State
fiscal year in which they are received.
(7)
The LHAP 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 LHAP.
(8) Amendments to the approved LHAP shall be provided to the Florida Housing for review and/or
approval within 21 days after adoption.
(9) The trust fund exists with a qualified depository for all SHIP funds as well as program income or
recaptured funds.
(10) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law.
(11) The local housing assistance trust fund shall be separately stated as a special revenue fund in the
local governments audited financial statements (CAFR). An electronic copy of the CAFR or a
hyperlink to the document shall be provided to Florida Housing by June 30 of the applicable year.
1
Exhibit D
67-37.005(1), F.A.C.
[eff. date]
(12) Evidence of compliance with the Florida Single Audit Act, as referenced in Section 215.97, F.S.
shall be provided to Florida Housing by June 30 of the applicable year.
(13) SHIP funds will not be pledged for debt service on bonds.
(14) 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.
(15) 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 serve eligible persons.
(16) Rental Units constructed or rehabilitated with SHIP funds shall be monitored for
compliance with tenant income requirements and affordability requirements or as required
in Section 420.9075 (3)(e). To the extent another governmental entity provides periodic
monitoring and determination, a municipality, county or local housing financing authority may
rely on such monitoring and determination of tenant eligibility.
(17) The LHAP meets the requirements of Section 420.907-9089 FS, and Rule Chapter 67-37 FAC.
(18) The provisions of Chapter 83-220, Laws of Florida have not been implemented (except for
Miami -Dade County).
Witness Chief Elected Official or designee
Witness Type Name and Title
Date
OR
Attest:
(Seal)
2