LOCAL HOUSING ASSISTANCE PLAN (LHAP) FY 2024-25 2025-26 AND 2026-27 - ATTACHMENT TO RESOLUTION 26-17SHIP LHAP Template 2016-001
Leff. Date 7/1/2024]
Florida Housingl
CITY OF CLEARWATER, FLORIDA
CLEARWATEK
BRIGHT AND BEAUTIFUL • BAY TO BEACH
SHIP LOCAL HOUSING ASSISTANCE PLAN
(CHAP)
2024-2025, 2025-2026, 2026-2027
Amendment & Technical Revisions adopted Resolution No.26-17
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Table of Contents
Description
Page #
Section I, Program Details
3
Section II, Housing Strategies
7
A Purchase Assistance with Rehabilitation
7
B Purchase Assistance for Existing Homes without Rehabilitation
10
C Owner Occupied Rehabilitation
12
D New Construction (including Purchase Assistance)
15
E Multifamily Housing
18
F Disaster Assistance
19
G Demolition/Relocation/Construction
20
H Rental Assistance
22
I Manufactured Housing (Mobile Homes)
22
Section III, Incentive Strategies
23
A Expedited Permitting
23
B Ongoing Review Process
24
C Other Adopted Incentive Strategies
24
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 LHAP Certification
E Signed, Dated, Witnessed or Attested Adopting Resolution
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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)
N/A
B Purpose of the program
• To meet the housing needs of the very low-, low- and moderate -income households,
• To expand production and preservation of 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 2024-2025, 2025-2026, 2026-2027
D Governance The SHIP Program is established in accordance with Section 420 907-9079, Honda 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
1 Waiting List/Priorities A waiting list will be established when there are eligible applicants for strategies
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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
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 average area purchase price established by the U S Treasury
Department or as described above Current purchase price limits can be found here Purchase Price Limits
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 flondahousing org
"Affordable" means that monthly rents or mortgage payments including taxes and insurance do not exceed
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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
do
Floe usin
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 Tess 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 F/or:da Statute and Chapter 67-37, Florida Administrative Code, states "A county or an
eligible mun►cipahty 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 F/or:da Statute and Chapter 67-37, Florda 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 those 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
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Q Program Administration Administration of the local housing assistance plan will be performed by
Entity
Duties
Admin Fee
Percentage
Local Government
7%
Third Party Entity/Sub-recipient
3%
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 pr►nc►pal 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 or without 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
inspections of the housing units
T Essential Service Personnel Definition (ESP) ESP includes teachers and educators, other school district,
community college, and university employees, police and fire personnel, health care personnel, and skilled
building trades personnel
U Describe efforts to incorporate Green Building and Energy Saving products and processes
The City will ensure that projects involving SHIP dollars will incorporate green building and energy saving
products The Housing Rehabilitation, Housing Reconstruction, Multifamily Rental Construction and Single -
Family New Construction Strategies judiciously adhere to the U S Department of Housing and Urban
Development's cost-effective energy conservation standards in consideration of economic feasibility for
each project
• When new appliances are to be installed, they are to be Energy Star' rated to reduce the energy
consumption of the residence which is being rehabilitated
• The addition of insulation in the attic to a nominal level of R30 to further reduce the energy
consumption of cooling and heating units
• Installing new HVAC units which use less 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
• 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
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• Replacement windows are to be hurricane impact, insulated and Energy StarTM ANSIA 134 1, NFRC
rated
• 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 City of Clearwater will market its programs,
with priority given to households with special needs The Special Needs set-aside will be met through all
strategies with particular attention given to the owner -occupied rehabilitation and multi -family new
construction/rehabilitation strategies The City of Clearwater will give first pnonty, in all housing strategies,
to serving persons with special needs with an emphasis on removing barriers Florida Statutes
420 0004(13) defines Special Needs
W Describe efforts to reduce homelessness The City of Clearwater initiated and maintains a comprehensive
and holistic approach by establishing the City Homeless Initiative Program The Homeless Initiative
Program provides homeless individuals and families access to comprehensive services The city has
committed its support to organizations that provides wrap-around services that address the root causes of
homelessness In addition, the city contributes financially to the Homeless Leadership Alliance (HLA) which
is the umbrella organization overseeing the continuum of care providers and the HMIS Homeless
Management Information System 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
• Overnight emergency, transitional, or permanent housing to homeless individuals and/or families
• Delivery of case management
• Transportation services for veterans to Bay Pines Hospital
Section II LHAP Strategies
A PURCHASE ASSISTANCE WITH REHABILITATION
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
The City may use SHIP funds as a match for the HOME program to loan funds to eligible developers
for acquisition and rehabilitation of existing housing units Assistance will be repaid when the unit is
sold to an eligible buyer
Under this strategy, the Community Land Trust principles may be utilized The Community Land Trust
become stewards of the land and maintain it permanently beginning with a ninety-nine year,
renewable ground lease Developers and non -profits may purchase homes to be placed in a
Community Land Trust 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
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For the Homebuyer
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
homebuyers of existing rehabilitated homes
b Fiscal Years Covered 2026-2027
c Income Categories to be served Very low, low and moderate
d Maximum Award $300,000 per unit per the developers/nonprofits (including project delivery costs),
$77,000 for the homebuyer ($75,000 Purchase Assistance loan + $2,000 project delivery costs) For
homebuyers, maximum assistance will be limited to gap financing, the lender's minimum down
payment and reasonable closing costs, but shall not exceed $75,000
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 Not to exceed 2 years
4 Forgiveness N/A
5 Repayment The loan is repaid when the house is sold, less a developer fee up to 15% of the
construction costs The developer fee is calculated as a percentage of the total development costs
Additionally, if the developer earns a return on investment (ROI) of less than 12% of total
development costs, then the loan repayment amount will be reduced to provide for a 12% ROI For
the purposes of making this calculation, the developer fee is considered part of ROI Additional
information is available in the city's Single -Family New construction Developer Subsidy Policy which
can be found here https //www mvclearwater com/files/sharedassets/public/v/1/doing-
business-in-clearwater/house-amp-development-grants-incentives-and-
assistance/documents/single-family-new-construction-developer-subsidy-policy pdf
6 Default The loan becomes due and payable if, at end of the loan term, the home is not sold, or if
the home does not have a sales contract
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
4 Forgiveness 50% of the loan is deferred for the loan term and forgiven at maturity if no event of
default exists For Very Low-income clients, 100% of the loan will be forgiven at the end of the loan
term
5 Repayment Payments on the amortized amount will commence after the deferral period of five
(5) years and be 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
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a) Death of the borrower(s) In the event the homeowner dies, 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 borrowers
d) Property is converted into rental unit
e) Any refinancing with cash out or debt consolidation
f) Loss of homeowners insurance
g) Loss of homestead exemption status
h) Failure to pay property taxes
In the event of non-payment or other default above, the City will follow its "Economic Development
Housing Department Affordable Housing Loan Foreclosure and Loan Foreclosure Alternative
Policy " Also, the language below is included in the mortgage note The Note Holder shall have the
optional right to declare the amount of the total balance due and forthwith payable in advance of
the Maturity Date upon the occurrence of any Event of Default or failure to perform in accordance
with any of the terms and conditions set forth in the Subordinate Mortgage Upon exercise of this
option by the Note Holder, the entire principal shall bear interest at the rate of 3% per annum
Forbearance to exercise this option with respect to any failure or breach of the Borrower shall
constitute a waiver of the right as to any continuing failure or breach of any subsequent failure or
breach
If the home is foreclosed on by a superior mortgage holder, the City will make an effort to recapture
funds through the legal process if it is determined that adequate funds may be available to justify
pursuing recapture
f Recipient/Tenant Selection Criteria Applicants will be ranked for assistance based on 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 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, or
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 Director of the Department
3 The Borrower must have sufficient cash reserve, after closing, of at least 2 times the total monthly
housing expenses, including PITI and any association fees
g Sponsor Selection Criteria All program sponsors will be selected using a competitive 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
To qualify for Purchase Assistance
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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, the Lender fees are limited to 4% of
the loan amount
3 Maximum DTI ratio should not exceed 50%
4 Households with liquid assets greater than $50,000 do not qualify
5 Applicants will contribute a minimum of a $1,000 toward the transaction Examples of such
contributions include, but are not limited to, required pre -paid items that the buyer pays, such as
earnest money deposit, appraisal, home inspection, and homeowner's insurance
6 All buyers must have completed at least eight (8) hours of homebuyers' education through a HUD -
approved housing counseling agency
7 Other state, federal, county, private and homeowner contributions may be leveraged with SHIP
funds
8 Mobile homes are not eligible for assistance
9 All properties being purchased must meet the HUD HQS 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 "purchase assistance 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 be coded as "purchase assistance with rehabilitation "
10 There may be instances where the cost to develop the project is higher that 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 the development costs will be forgiven and
recognized as a grant to the homebuyer
AB PURCHASE ASSISTANCE FOR EXISTING HOME WITHOUT REHABILITATION
Code 2
a Summary The City of Clearwater through its housing programs and sub -recipients will use SHIP
funds to provide down payment and closing costs assistance to purchase existing homes Property
purchased must become the primary residence of the buyer To qualify for assistance, applicants must
be able to obtain a first mortgage from a licensed lending institution The first mortgage cannot
exceed a term of 30 years with a fixed rate The City may use SHIP funds as a match for the HOME
program
b Fiscal Years Covered 2024-2025, 2025-2026, 2026-2027
c Income Categories to be served Very low, low and moderate
d Maximum award $77,000 ($75,000 downpayment and closing cost assistance + plus $2,000 project
delivery costs)
e Terms
1 Repayment loan/deferred loan/grant Funds will be awarded as an amortized 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
4 Forgiveness 50% of the loan is deferred for the loan term and forgiven at maturity if no event of
default exists For Very Low-income clients, 100% of the loan will be forgiven at the end of the loan
term
5 Repayment Funds will be awarded as an amortized loan and a forgivable loan secured by a
recorded subordinate mortgage and note Fifty percent (50%) of the loan will be forgiven at the
end of the loan term For repayment, the loan will be deferred for the first five years (deferred
period) with monthly payments commencing at the end of deferred period For Very -Low Income
clients, there is no repayment if no event of default exists
6 Default The loan will become due and payable if one of the following occurs
a) Death of the borrower(s) In the event borrower 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
e) Any refinancing with cash out of debt consolidation
f) Loss of homeowners insurance
g) Loss of homestead exemption status
h) Failure to pay property taxes
In the event of non-payment or other default above, the City will follow its "Economic Development
Housing Department Affordable Housing Loan Foreclosure and Loan Foreclosure Alternative
Policy" Also, the language below is included in the mortgage note The Note Holder shall have the
optional right to declare the amount of the total balance due and forthwith payable in advance of
the Maturity Date upon the occurrence of any Event of Default or failure to perform in accordance
with any of the terms and conditions set forth in the Subordinate Mortgage Upon exercise of this
option by the Note Holder, the entire principal shall bear interest at the rate of 3% per annum
Forbearance to exercise this option with respect to any failure or breach of the Borrower shall
constitute a waiver of the right as to any continuing failure or breach of any subsequent failure or
breach
I
If the home is foreclosed on by a superior pmortgage holder, the City will make an effort to recapture
funds through the legal process if it is determined that adequate funds may be available to justify
pursuing recapture
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
g Sponsor Selection Criteria All program sponsors or sub -recipients will be selected using the City's
Consolidated Annual Action Plan Eligible sponsors or sub -recipients that provide assistance under this
strategy will be required to contractually commit and comply with all SHIP program requirements
h Additional lnformation
To qualify for assistance
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1 Borrowers 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, the lender fees are limited to 4% of
the loan amount
3 Maximum DTI ratio should not exceed 50%
4 Borrowers will contribute a minimum of $1,000 toward the transaction Examples of such
contribution include, but are not limited to, required pre -paid items that the buyer pays, such as
earnest deposit, appraisal, home inspection, and homeowner's insurance
5 The Borrower must have sufficient cash reserve after closing, of at least 2 times the monthly
housing expenses, including PITI and any association fees
6 Households with liquid assets greater than $50,000 do not qualify
7 All Borrowers must have completed at least eight (8) hours of home buyer education through a
HUD -approved housing counseling agency
8 Other state, federal, county, private and homeowner contributions may be leveraged with SHIP
funds
9 All properties being purchased must meet the HUD HQS standards An inspection is required to
verify that the property meets applicable safety/code requirements
C OWNER -OCCUPIED REHABILITATION
,
Code 3, 6
a Summary The City of Clearwater will award SHIP funds to income eligible households for the
rehabilitation of owner -occupied residences whose Just Value, as determined by the Pinellas County
Property Appraiser, does not exceed $481,176 Assistance may be used by the homeowner for
housing rehabilitation such as, but not be limited to, the following
1 Correct housing code deficiencies
2 Adapt the residence to meet accessibility needs of a disabled family member
3 Modifying the living space to accommodate additional household members may be approved by
the city if the city determines a hardship exists
In cases where health, safety and welfare of the household are in jeopardy, they shall receive priority
and staff 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 with a likelihood of 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
The City of Clearwater will award SHIP funds in the form of a grant to eligible households to remove
barriers and improve accessibility Qualified persons are defined as persons with special needs in
accordance with the definitions of "Persons with special needs" set forth in Sections 420 0004(13)
and (393 063(9) Florida Statutes, needed home modifications, including technological
enhancements and devices, which all the applicants/household members to remain independent in
their homes
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Accessibility improvements may include such things as
1 Widening of doorways
2 Lowering of cabinets
3 Installation of grab -bars, roll -in shower/tub, comfort -height toilets and flooring
4 Visual guiding systems for the hearing impaired
5 Roll -in shower/tub
6 Wheelchair ramp
b Fiscal Years Covered 2024-2025, 2025-2026, 2026-2027
c Income Categories to be served Very low, low and moderate
d Maximum award $80,000
$60,000 loan + project delivery costs not to exceed $5,000 An additional $15,000 grant may be
provided to remove accessibility barriers and improve accessibility for people with special needs The
$15,000 grant for special needs may be a stand-alone project
e Terms
1 Repayment loan/deferred loan/grant SHIP Funds will be awarded as deferred or repayment loans
secured by a Note and Mortgage
Repayment Loans
To qualify for a twenty-year, zero percent interest loan, eligible borrower must meet the following
criteria All eligible borrowers with household income above moderate, will repay the rehabilitation
assistance at zero percent interest with the following stipulations
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 Payments are made on 50% of the
total loan balance, with the remaining 50% being forgiven at maturity, provided no event of default
exists
Deferred Loans
Borrowers with total household incomes up to 80% Area Median Income (Extremely Low, Very
Low, Low) will be awarded a 20 -year deferred payment loan up to an amount of $60,000 The
deferred payment loan is satisfied at the end of the loan term, if no event of default occurs
All Loans will be secured by a Mortgage and Note and recorded in public records
2 Interest Rate 0%
3 Years in loan term 20 years
4 Forgiveness Deferred loans will be forgiven at the end of the 20 -year period
5 Repayment Moderate income borrowers will be awarded a 20 -year payment loan With
repayment loans, the remaining balance of 50% of the original loan will be forgiven at the end of
the loan term if no default exists
6 Default The loan will be determined to be in default in any of the following occurs during the
loan term
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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
e) Any refinancing with cash out or debt consolidation
f) Loss of homeowners insurance
g) Loss of homestead exemption status
h) Failure to pay property taxes
i) Failure to occupy the home as a primary residence
In the event of non-payment or other default above, the City will follow its "Economic Development
Housing Department Affordable Housing Loan Foreclosure and Loan Foreclosure Alternative
Policy" Also, the language below is included in the mortgage note The Note Holder shall have the
optional right to declare the amount of the total balance due and forthwith payable in advance of
the Maturity Date upon the occurrence of any Event of Default or failure to perform in accordance
with any of the terms and conditions set forth in the Subordinate Mortgage Upon exercise of this
option by the Note Holder, the entire principal shall bear interest at the rate of 3% per annum
Forbearance to exercise this option with respect to any failure or breach of the Borrower shall
constitute a waiver of the right as to any continuing failure or breach of any subsequent failure or
breach
If the home is foreclosed on by a superior mortgage holder, the City will make an effort to recapture
funds through the legal process if it is determined that adequate funds may be available to justify
pursuing recapture
f 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
described in Section 1 (1) of this plan
In addition, households that have been assisted through the rehabilitation program, with city funds, in
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 Example 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 Economic Development & Housing Department
g Sponsor Selection Criteria Not applicable
h Additional Information
1 Applicants must the owner -occupant of the property
2 The applicant must be current on their current mortgages, property taxes and homeowners'
insurance, flood insurance is required if the property is located in a flood zone
3 Applicant must have sufficient equity in the property for the rehabilitation loan Maximum loan to
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value must not exceed 100% of the Just Value of the home as determined by the Pinellas County
Property
4 The value of the home as determined in Section H 3 above, shall not exceed just value
d��Flora ousin
D NEW CONSTRUCTION
Code 10
a Summary The City of Clearwater, through eligible developers (for profit and not -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
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 A Land Use Restriction Agreement is
required for all newly constructed units
For the Homebuyer The City of Clearwater through its housing programs and through its sub -
recipients will use SHIP funds to provide down payment and closing cost assistance to eligible very
low -to moderate -income homebuyers for the newly constructed homes The City may use SHIP
funding as a match to eligible buyers A Land Use Restriction Agreement is required for all newly
constructed units
b Fiscal Years Covered 2024-2025, 2025-2026, 2026-2027
c Income Categories to be served Very low, low and moderate
d Maximum award $300,000 per single-family home for developers (for profit and not profit) Maximum
award to homebuyer is $77,000 in the form of a $75,000 Purchase Assistance Loan + project delivery
costs not to exceed $2,000 An additional $15,000 grant may be provided to incorporate accessibility
for people with special needs
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 Upon the sale of the home to a qualified household, and no default exists, the city
will write down the loan to the developer to provide a developer fee up to 15% of construction
costs funded by the loan In the event that, through no fault of the developer, the sales price of the
home results in a return on investment of less than 12% of total development costs, the City
reserves the right to allow for a write-down (forgiveness) equal to an amount that will provide for
an ROI of 12% of total development costs for the developer The developer fee shall be considered
part of the developer's ROI When the developer sells the property to an income -eligible
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homebuyer, the loan to the developer is satisfied All proceeds from the sale of the property less
the developer fee (and additional funds, if applicable, to ensure a 12% ROI) will be returned to the
City in the form of Program Income The difference between the assistance provided to the
developer and program income will be recognized as grant to the homebuyer
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 the home does not have a contract for sale
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 50% of the loan will be forgiven at
the end of the loan term The loan will be deferred for five (5) years with monthly payments
commencing at the end of the deferred period For Very Low-income clients, payments are
deferred for the term of the loan
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 For Very Low-income clients, 100% of the loan will be forgiven at the end of the loan
term
5 Repayment Payments on the amortized amount will commence after the 5 -year deferral period
and be amortized over twenty (20) years For Very Low-income clients there is no repayment
unless event of default exists
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 a rental unit
e) Any refinancing with cash out or debt consolidation
f) Loss of homeowners insurance
g) Loss of homestead exemption status
h) Failure to pay property taxes
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" Also, the language below is included in the mortgage note The Note Holder
shall have the optional right to declare the amount of the total balance due and forthwith payable
in advance of the Maturity Date upon the occurrence of any Event of Default or failure to perform
in accordance with any of the terms and conditions set forth in the Subordinate Mortgage Upon
exercise of this option by the Note Holder, the entire principal shall bear interest at the rate of three
(3) percent per annum Forbearance to exercise this option with respect to any failure or breach of
the Borrower shall not constitute a waiver of the right as to any continuing failure or breach or any
subsequent failure or breach
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If the home is foreclosed on by a superior mortgage holder, the City will make an effort to recapture
funds through the legal process if it is determined that adequate funds may be available to justify
pursuing recapture
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 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 their 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 Director
of the Department
g 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 strategy will be required to contractually commit and comply with all SHIP
program requirements
h Additional information
To qualify for Purchase 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, the lender fees are limited to 4% of
the loan amount
3 Maximum DTI ratio should not exceed 50%
4 Applicants will contribute $1,000 toward the transaction Examples of such contributions include,
but not limited to, required pre -paid items that the buyer pays, such as earnest money deposit,
appraisal, home inspection, and homeowner's insurance
5 Borrowers must have sufficient cash reserve after closing of at least 2 times the total monthly
housing expenses, including PITI and associated fees
6 All buyers must have completed at least eight (8) hours of homebuyer education through a HUD -
Approved housing counseling agency
7 Other state, federal, county, private and homeowner contributions may be leveraged with SHIP
funds
8 Mobile homes are not eligible for assistance
9 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
10 The City may use SHIP funds as a match for the HOME program
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E MULTIFAMILY 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, or the housing portion of a mixed used facility and/or mixed -income
projects Funds may be used as a match for the U S Department of Housing 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 2024-2025, 2025-2026, 2026-2027
c Income Categories to be served Very low and Low
d Maximum award $300,000 per unit new construction and acquisition, $100,000 per unit for
rehabilitation No project shall exceed $600,000 in total SHIP funds
e Terms
1 Repayment loan/deferred loan/grant In accordance with the City's funding for multi -family
acquisition, rehabilitation or new construction developments will vary from project to project
2 Interest Rate 0%
3 Years in loan term A minimum of 20 years with a maximum of 30 years The loan term will be
determined based on a financial analysis of the project and the project's ability to pay back the
loan
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 eligibility 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 strategy will be required to
contractually commit and comply with all SHIP program requirements
Criteria includes
1 A 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 A 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
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3 A non-profit or for-profit organization must have experience in development appropriate to this
Strategy
h Additional Information
1 Projects funded by loans for eligible rental housing acquired, constructed, and or rehabilitated or
otherwise assisted under this strategy must be reserved for eligible persons for at least the term
of the affordability period
2 Developers (for profit or non-profit) will be required to meet compliance reporting requirements
on the development necessary to meet the statutory requirements for the 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
F DISASTER ASSISTANCE
Code 5, 16
a Summary The Disaster Strategy provides assistance to eligible households following a disaster as
declared by the President of the United States or Governor of the State of Florida This strategy
will be implemented in the event of a disaster using any funds that have not yet encumbered or
with additional disaster funds allocated by Florida Housing Finance Corporation Disaster funds
may be used for items such as, but not limited to
1 Purchase of emergency supplies to weatherproof damaged homes, Interim repairs to avoid
further damage, tree debris removal required to make the individual housing habitable
2 Payment of insurance deductibles for rehabilitation of homes covered under homeowners'
insurance policies
3 Security deposits for recipients that have been displaced from their home due to disaster
4 Rental and utility assistance
5 Mortgage and utility payment
6 Strategies included in the approved LHAP that benefit applicants directly affected under the
Executive Orders
7 Other eligible activities as proposed and approved by Florida Housing Finance Corporation
b Fiscal Years Covered 2024-2025, 2025-2026, 2026-2027
c Income Categories to be served Very -low, low and moderate
d Maximum award $20,000
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
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Tin
f Recipient/Tenant Selection Criteria Applicants will be assisted on a first-qualified, first served basis
Priority shall be given to persons who have special housing needs or individuals or households that
qualify as Elderly
g Sponsor Selection Criteria A sponsor may be selected during a disaster declaration in or to provide
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
h Additional lnformation
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 disaster will be used to fund this strategy
2 If the homeowner is insured, proceeds from the insurance must be used first before SHIP funds,
except for the payment of the deductible
G DEMOLITION/RELOCATION/CONSTRUCTION -
Code 4
a Summary Single-family residential owner -occupied units, which are unsafe for habitation as determined
by the City's Building Official, and the cost to repair the unsafe condition exceeds the maximum under the
Owner -Occupied Rehabilitation strategy, may be demolished and a new structure will be constructed on
the same site
b Fiscal Years Covered 2024-2025, 2025-2026, 2026-2027
c Income Categories to be served Extremely Low, Very Low and Low
d Maximum award $200,000 for Demolition/Relocation/Construction If homeowner cannot qualify for
a first mortgage, the City may use SHIP funds as a match for the HOME program funding
e Terms
1 Repayment loan/deferred loan funds will be awarded as amortized and forgivable loans secured
by a recorded mortgage and promissory note
2 Interest Rate 0%
3 Years in loan term 25
4 Forgiveness For low -to moderate -income clients, 50% of the loan is deferred for the loan term and
forgiven at maturity, if no event of default exists For Very Low-income clients, 100
of the loan will be forgiven at the end of the loan term
5 Repayment Funds will be awarded as an amortized loan and a forgivable loan secured by a
recorded mortgage and note The loan will be deferred for the first five years (deferral period) with
monthly payments commencing at the end of the deferred period Following the five-year deferral
period, fifty percent (50%) of the loan will be amortized at zero percent (0%) interest over the
remaining 20 years of the loan term and the lance balance will be forgiven at the end of the loan
term For Very -Low Income clients, there is no repayment if no event of default exists
6 Default The loan will be determined to be in default if any of the following occurs sale, transfer,
or conveyance of property, conversion to a rental property, Toss of homeowners insurance, loss of
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homestead exemption status, failure to pay property taxes or failure to occupy the home as a
primary residence
In cases where the qualifying homeowner(s) die(s) during the loan term, the loan may be assumed
by a SHIP eligible heir who will occupy the home as a primary residence If the legal heir is not SHIP
eligible or chooses not to occupy the home as their primary residence, the mortgage becomes due
and payable
If the home is foreclosed on by a superior mortgage holder, the City will make an effort to recapture
funds through the legal process if it is determined that adequate funds may be available to justify
pursuing recapture
f Recipient/Tenant Selection Criteria Applications for assistance under this program will be reviewed
and approved on a first qualified, first-served basis, with priority given to special needs, essential
service personnel, and households earning up to 80% AMI
1 Must have resided in the dwelling for at least fifteen (15) years prior to the date of application,
with exception in the case of fire, severe water damage, sink holes, or structural damage not
covered under property insurance or other Federal or State programs
2 Must not have received assistance from the City through CDBG, HOME, and/or SHIP funded
programs within the past five (5) years Exceptions would be granted in the event of fire, severe
water damage, sink holes, or structural damage not covered under property insurance or other
Federal or State programs
3 Must be current on existing mortgage payments Any occurrences of 90 -day late payment within
the previous 12 months as reported on a credit report will be evaluated on a case-by-case basis
and may serve as the basis for denial from the City
4 Primary mortgage holder must provide written approval for the demolition/construction activity,
if applicable
g Sponsor Selection Criteria Not applicable
h Additional Information At a minimum, the constructed dwelling unit must have a living room, kitchen
area and bathroom Also, it must have bedrooms to accommodate all household members according
to housing quality standards Demolition/Construction of housing will not be made to owners of
manufactured or mobile homes Temporary relocation expenses, including reasonable storage of
personal belongings, may be provided at an amount not to exceed $25,000 per unit, if there are no
other housing options such as living with family members
H RENTAL ASSISTANCE
Code 13, 23
a Summary Funds will be awarded to income eligible rental households to prevent eviction and becoming
homeless Eligible expenses include utility deposits, security deposits and assistance for utility and rent
arrears
b Fiscal Years Covered 2024-2025, 2025-2026, 2026-2027
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c Income Categories to be served Very Low
d Maximum award $10,000
e Terms
1 Repayment loan/deferred loan/grant Funds will be awarded as a grant
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 Selection Criteria Applicants will be referred through the Coordinated Entry System
established for the area Assistance will be provided on a first qualified, first served basis
g Sponsor/Developer Selection Criteria N/A
h Additional Information Applicants can receive up to $10,000, including deposits and six (6) months of
assistance, including rent arrears The household is required to have a lease and the unit must meet
Housing Quality Standards
I Manufactured Housing (Mobile Homes)
Code 3, 28, 29
a Summary The manufactured housing strategy may provide funds for
1 Relocation assistance for persons who are deprived of affordable housing due to closure of
a mobile home park in accordance with 723 003, F S (code 28)
2 Lot rent assistance to owners of manufactured housing/mobile homes not to exceed six
months (code 29)
3 Rehabilitation/emergency repairs (code 3)
b Fiscal Years Covered 2026-2027
c Income Categories to be served Very low, low and moderate
d Maximum award $10,000 (relocation assistance)
$5,000 (lot rental assistance)
$15,000 (rehab/emergency repairs)
e Terms
1 Repayment loan/deferred loan/grant For relocation assistance and lot rent assistance, the funds
are awarded as a grant For rehab/emergency repairs the loan is secured by a note and
mortgage/lien
2 Interest Rate 0%
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3 Years in loan term N/A for relocation assistance and lot assistance, 10 years for
rehab/emergency repairs
4 Forgiveness N/A for relocation assistance and lot assistance, forgiven at the end of the term for
rehab/emergency repairs
5 Repayment N/A for relocation assistance and lot assistance None required for rehab/emergency
repairs as long as loan is in good standing
6 Default N/A for relocation assistance and lot assistance For rehab/emergency repairs, the loan
will be determined to be in default if any of the following occurs during the Loan term sale,
transfer, or conveyance of property, conversion to a rental property, Toss of homestead
exemption status, or failure to occupy the home as primary residence If any of these occur, the
outstanding balance will be due and payable
In cases where the qualifying homeowner(s) die(s) during the loan term, the loan may be
assumed by a SHIP eligible heir who will occupy the home as a primary residence If the legal heir
is not SHIP eligible or chooses not to occupy the home, the outstanding balance of the loan will
be due and payable
If the home is foreclosed on by a superior mortgage holder, the city will make an effort to
recapture funds through the legal process if it is determined that adequate funds may be
available to justify pursuing a repayment
f Recipient/Tenant Selection Criteria Applicants will be assisted on a first -qualified, first-served basis
with priorities detailed in Section 1 1 being met first
g Sponsor Selection Criteria N/A
h Additional Information Manufactured housing constructed after June 1994 is eligible
111 LHAP Incentive Strategies
In addition to the required Incentive Strategy A and Strategy B, included are adopted incentives with the
policies and procedures used for implementation as provided in Section 420 9076, F S
A 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 Assistant Director of the Economic Development & Housing Department determines whether a project
qualifies as affordable housing and, if eligible, provides the developer with the "Request for Expedited
Permit Processing for Affordable Housing Activity" form and applicable checklists
The Economic Development & Housing Department and Planning & Development Department support
customer service for potential affordable housing projects by providing information and responding to
developer inquiries by the end of business day (EOB) or within 24 hours The Planning & Development
Department utilizes technology to enhance administrative efficiencies All permitting is facilitated by a one-
stop "ePermit Hub" portal that supports electronic plan submittal, review, and inspections, or through
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Accela Information, forms, and checklists are available online and at the counter for all types of projects
(not necessarily affordable housing) Target dates and permit status are posted via the ePermit Hub portal
and review time has been generally reduced to 14 days
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
The Economic Development and Housing Department typically receives new City Comprehensive Plan and
Community Development & Housing Code provisions and ordinances for comment and participates in the
City's review process prior to adoption The review process is maintained as a regular agenda item during
Senior Executive Team bi-monthly meetings
C Other Adopted Incentive Strategies
1 Modification of Fees The Economic Development and Housing Department will continue to assist with
the payment of Plan Review and Permit Fees and impact fees utilizing state and federal funds
designated for affordable housing
2 Flexible Densities The City supports flexibility in densities for affordable housing through its
Comprehensive Plan policies, through its Community Development Code and in accordance with the
Live Local Act
3 Accessory Dwelling Units The City will continue to allow for accessory dwelling units in non-residential
Zoning districts as described within the City's Community Development Code
4 Parking Reduction The Housing Element of the City's Comprehensive Plan supports the reduction of
Parking and setback requirements for affordable housing developments
5 Flexible Lot Configuration The City currently allows flexible set back requirements for affordable
Housing developments The plan must be sensitive to the character and context of the existing
Neighborhood
6 Proximity to Transportation, Employment & Mixed -Use Development The city will maintain and
implement policies of the city's Comprehensive Plan that incentivize affordable housing development
proximate to transportation hubs, major employment centers, and mixed-use development
7 Financing The city will diversify financial strategies to contribute to the new construction and
maintenance of affordable housing and financial assistance to obtain housing
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IV EXHIBITS
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
25
ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR
Exhibit A
Exhibit A (2024)
(Local Government name)
Fiscal Year 2024-2025
Estimated SHIP Funds for Fiscal Year
$ 1,365,854 00
Salaries and Benefits
$ 126,585 00
Office Supplies and Equipment
$
Travel Per diem Workshops, etc
$
Advertising
$
Other*
$ 10,000 00
Total
$ 136,585 00
Admin %
10 00%
OK
Fiscal Year 2025-2026
Estimated SHIP Funds for Fiscal Year
$ 1,365,854 00
Salaries and Benefits
$ 126,585 00
Office Supplies and Equipment
$
Travel Per diem Workshops, etc
$
Advertising
$
Other*
$ 10,000 00
Total
$ 136,585 00
Admin %
10 00%
OK
Fiscal Year 2026-2027
Estimated SHIP Funds for Fiscal Year
$ 1,365,854 00
Salaries and Benefits
$ 126,585 00
Office Supplies and Equipment
$
Travel Per diem Workshops, etc
$
Advertising
$
Other*
$ 10,000 00
Total
$ 136,585 00
Admin %
10 00%
AS 1
OK
*All "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 Sub -recipient loan processing fee, consulting fees and incurred project
delivery costs of loans that don't proceed to closing
Exhibit B
2024
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
Interim
Report
Closeout
Report
2024-2025
6/30/2026
6/30/2027
9/15/2026
9/15/2027
2025-2026
6/30/2027
6/30/2028
9/15/2027
9/15/2028
2026-2027
6/30/2028
6/30/2029
9/15/2028
9/15/2029
If funds allocated for these fiscal years is not anticipated to meet expenditure deadlines, Florida Housing
Finance Corporation will be notified according to the following chart
Fiscal Year
Funds Not
Expended
Closeout AR
Not
Submitted
2024-2025
3/30/2027
6/15/2027
2025-2026
3/30/2028
6/15/2028
2026-2027
3/30/2029
6/15/2029
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 cameka gardner@floridahousmg 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
cameka Gardner@floridahousinq ora 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 2024
FLORIDA HOUSING FINANCE CORPORATION
HOUSING DELIVERY GOALS CHART
2026-2027
Code
Name of Local Government:
Estimated Funds (Anticipated allocation only):
Strategies
Qualifies for
75% set-aside
CITY OF CLEARWATER
$
VLI Units
1,365,854
Max. SHIP Award
LI Units
Max. SHIP
Award
Mod
Units
Max. SHIP
Award
New Construction
Without
Construction
Total
Units
Homeownership
1
Purchase Assistance with Rehab
Yes
0
$77,000
1
$77,000
0
$77,000
$77,000.00
$0.00
577,000.00
1
9
Purchase Assistance without Rehab
No
0
$77,000
1
577,000
0
$77,000
$77,000.00
$77,000.00
$154,000.00
1
3
Owner Occupied Rehablllation
Yes
1
$80,000
1
$80,000
0
580,000
$80,000.00
$0.00
580,000.00
2
4
Demolition/Reconstruction
Yes
0
$200,000
1
$200,000
0
$200,000
$200,000.00
$0.00
$200,000.00
1
5
Disaster Assistance
No
0
$0.00
$0.00
$0.00
0
9
Acquisition/Rehabiliation
Yes
1
$300,000
0
5300,000
0
$300,000
$300,000.00
$0.00
$300,000.00
1
10
New Construction
Yes
1
$300,000
0
5300,000
0
$300,000
$300,000.00
$0.00
5300,000.00
1
0
597,634.00
0
$68,269.00
50.00
$68,269.00
50.00
$0.00
50.00
0
$ 136,585
10%
OK
50.00
$0.00
50.00
0
$ 50,000
T
$0.00
$0.00
$0.00
0
Total Homeownership
3
$1,034,000.00
4
51,034,000.00
0
$1,034,000.00
$77,000.00
$1,111,000.00
7
Purchase Price Limits:
New
$ 481,176
Existing
$ 481,176
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
Multi -Family - Rehabilitation/New Construction
Yes
1
$68,269
0
$ 434,000
5300,000
0
Moderate Income
300000
568,269.00
50.00
$68,269.00
1
13
Rental Assistance (Tenant)
No
$0.00
50.00
$0.00
0
27
Relocation
No
$0.00
50.00
$0.00
0
28
Lot Rental Assistance
$0.00
$0.00
$0.00
0
$0.00
$0.00
$0.00
0
$0.00
$0.00
$0.00
0
Total Rental
1
597,635.00
0
597,634.00
0
$68,269.00
50.00
$68,269.00
1
Administration Fees
$ 136,585
10%
OK
Home Ownership Counseling
$ 50,000
T
Total All Funds $ 1,365,854 OK
Set -Asides
Percentage Construction/Rehab (75% requirement)
80.7%
OK
Homeownership % (65% requirement)
81.3%
OK
Rental Restriction (25%)
5.0%
OK
Very -Low Income (30% requirement)
$ 748,269
54.8%
OK
Low Income (30% requirement)
$ 434,000
31.8%
OK
Moderate Income
$ -
0.0%
Local Government
Certifies that
Exhibit D
67-37 005(1), F A C
2023
CERTIFICATION TO
FLORIDA HOUSING FINANCE CORPORATION
CITY OF CLEARWATER
(1) The availability of SHIP funds will be advertised pursuant to program requirements in 420 907-
420 9079, 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 m 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 m the local housmg assistance trust fund shall be invested as permitted by
law
1
Exhibit D
67-37 005(1), F A C
2023
(11) The local housmg assistance trust fund shall be separately stated as a special revenue fund in the
local governments audited financial statements (CAFR) An electromc copy of the CAFR or a
hyperlink shall be provided to Florida Housmg by June 30 of the applicable year
(12) Evidence of compliance with the Florida Single Audit Act, as referenced in Section 215 97, F S
shall be provided to Florida Housmg 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 mcome, affordability and other LIHTC
requirements, similarly, any umts 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 momtored for compliance
with tenant mcome requirements and affordability requirements or as required m Section
420 9075 (3)(e) To the extent another governmental entity provides periodic momtormg and
determination, a mumcipahty, county or local housmg financmg authority may rely on such
momtormg and determination of tenant eligibility
(17) The LHAP meets the requirements of Section 420 907-9079 FS, and Rule Chapter 67-37 FAC
(18) The provisions of Chapter 83-220, Laws of Florida have not been implemented (except for
Mianu-Dade County)
Witness
Witness
Date
Chief E
fficial or Designee
Type Name and Title
2
EXHIBIT E
RESOLUTION NO 26-17
A RESOLUTION OF THE CITY OF CLEARWATER,
FLORIDA, AMENDING THE CITY OF CLEARWATER
STATE HOUSING INITIATIVES PARTNERSHIP (SHIP)
LOCAL HOUSING ASSISTANCE PLAN TO ADD THE
REQUIRED MANUFACTORING HOUSING STRATEGY AS
REQUIRED BY SENATE BILL 594, 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-
420 9079, Florida Statutes (1992), and Rule Chapter 67-37, Florida Administrative
Code, requires local governments to develop a three-year Local Housing Assistance
Plan outlining how funds will be used, and
WHEREAS, on April 18, 2024, City Council approved the city's 2024-2027 Local
Housing Assistance Plan (LHAP) identifying the city's strategies for use of available
funding, and
WHEREAS, Senate Bill 594 authorizes counties and eligible municipalities to use
State Housing Initiatives Partnership (SHIP) program funds to provide up to six months
of lot rental assistance to mobile homeowners, provide relocation assistance and
remove the 20% cap
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CLEARWATER, FLORIDA
Section 1 The City of Clearwater hereby amends the Local Housing Assistance
Plan, as attached hereto and incorporated herein for submission to the Florida Housing
Finance Corporation as required by ss 420 907-420 9079, Florida Statutes, for the
remainder of the 2024-2027 LHAP period
Section 2 This resolution shall take effect immediately upon adoption
PASSED AND ADOPTED this 1st day of October , 2026
Resolution No 26-17-
Approved as to form
Matthew Mytych
Assistant City Attorney
Bruce Rector
Mayor
Attest
-G . Rosemarie Call
City Clerk
2 Resolution No 26-17