Fort Walton Beach Resolution — 2013-13 SHIP - Local Housing Assistance Plan — reading text

case of a development receiving tax credits; they must adhere to state required percentages. 4. Sponsor Selection Criteria: Selection criteria shall include the following, as applicable: 11 - SELECTION CRITERIA MAXIMUM POINTS 1) Provide the organization' s mission statement or bylaws which must document the organization' s Intent to provide affordable rental housing 10 pts, 2) Amount of community related activity the organization has In Okaloosa County. 5 pts. 3) Experience in the development of affordable rental housing as well as any previous experience with the FHFC rental development. 4) The financial stability of the organization / corporatlon. 20 pts. 15pts. 5) Ability to complete projects in a timely manner with target dates for Project commitment and completion If selected. 6) Demonstrate site control. 10 pts. 15pts. 7) Demonstrate that other necessary funds and financing are committed with a ratio of private funds to public funds included. 15pts. 8) Document the SHIP cost per unit as well as the total aggregate cost per unit from all funding sources. 20pts. 9) Document that the Infrastructure is In place or is available and project conforms to County andlor City development goals. 10) Document support services provided. 20pts. 10pts 11) Document the affordability of the proposed units to be constructed or rehabilitated ( please include rental rates). 20pts. 12) Is the sponsor designated as a private for profit entity or a non- profit Organization. 10 pts. 13) Is the project located in an area targeted by the OCDC, City of Fort Walton Beach, or Okaloosa County, or is it located in a Community Redevelopment Area or Enterprise Zone? 10pts. 14) Demonstrate that you will employ personnel from the Welfare Transition Program and Workforce Development Initiatives Programs. lopts. 15) Form of SHIP Assistance requested, I. e., deferred payment loan or low interest loan. 10pts. 2-  5. Terms, Recapture and Default: Deferred Payment Loans ( DPL)' s will be used at 0% for non -profit firms and a low interest loan not to exceed 3%, will be used for for -profit firms. Both mass will be secured by mortgage and note, with a minimum term of 15 years. Limits: New Construction: $ 50,000 /Unit Existing $ 40, 000 /Unit SHIP Leveraging Resources: Private Mortgage Lenders Florida Housing Finance Corporation ( FHFC) 0. Recipient Selection Criteria All applicants that meet the selection criteria will be served on a first come - first qualified- first served bases and must be approved by vote of the Board of Directors of the Okaloosa Community Development Corporation. NOTE: All applicants must be registered and have ability to obtain permits in Okaloosa County, and have current license to operate its business within Okaloosa County. SHIP applicants must agree to comply with all SHIP program guidelines by contract, certify that it will not discriminate on the basis of race, creed, color, marital status, religion, age, sex, familial status, national origin, or handicap, and certify that all SHIP assisted individuals or households qualify as very low or low income under the current Florida Housing Finance Corporation income limits. Rental housing constructed or rehabilitated using SHIP funds must provide the minimum set aside of units for eligible persons for at least ( 15) years or the tern of assistance, whichever is longer. Throughout the terms of assistance, the Okaloosa Community Development Corporation will be monitoring the Rental Housing to ensure guidelines are being met. The staff or entity that has administrative authority for implementing the localhousing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides the same monitoring and determination, a municipality, county or local Musing financing authority may rely on such monitoring and determination of tenant eligibility. Rental housing offered for sale prior to the end of this period must be subject to a first right of refusal for purchase at the current market value by eligible non -profit organizations who would provide continued occupancy by eligible persons. H. SPECIAL NEEDS HOUSING STRATEGY Summary of the Strategy: This strategy will be used in all areas of Okaloosa County and the City of Fort Walton Beach to qualified not-for -profit organizations applying for funds to acquire, develop and/or rehabilitate affordable Musing for very — low to low Income special needs populations. Persons who have special housing needs are defined in Chapter 07- 37. 002 ( 21), F. A.C. Such persons included: those who have encountered resistance to their residing in particular communities; suffered increased Musing costs resulting from their unique needs and high risk of institutionalization; persons with developmental disabilities; persons with mental Illness or chemical dependency; persons with Acquired Immune Deficiency 13-  Syndrome (' AIDS ") and Human Immunodeficiency Virus (' HIV') disease; runaways and abandoned youth; public assistance recipients; migrant and seasonal farm workers; refugees and entrants; the elderly; and disabled adults. The not -for- profil profit organizations selected for award of funding will utilize a first come, first served tenant selection process, 2. Fmcal Years Covered: 201312014; 201412015; 2015/ 2016 3. Income and eligibility requirements: Eligible persons Include those whose income do not exceed 80% of mediag, IncomeEligible activities Include acquisition, reconstruction, moderate or substantial rehabilitation, site improvements, conversion, and /or new construction of units. None of the funds may be used for administrative support, staff, administrative materials, and or any other cost associated with administration. Allowable SHIP expenses under this strategy are: construction materials and labor, permits, payment of impact and capacity fees, tender fees, and infrastructure expenses typically paid by the developer, appraisals, soft costs such as engineering fees, architectural and related fees, environmental studies, financing costs, and legal fees. 4. Applicant Criteria The applicant must have experienced staff that have successfully completed similar projects, or experienced consultants. Applicant will conjoin housing with appropriate services, enabling special needs individuals to achieve independent living appropriate to their level of ability. Rental housing offered for sale prior to the end of this period will be required to offer a right of first refusal for purchase at the current market value by eligible non- profit organizations that would provide continued occupancy by eligible persons. Terms, Recapture and Default Deferred Payment Loan ( DPL)' s will be 0% for non -profit organizations only whose application fit criteria for Special Needs and is to be approved by the Board of Directors'. No payments will be required. Based on the Board of Directors approval the loan will be secured by mortgage and note, with a term of 15 years. If at anytime the originally intended use of the special needs housing changes, the funds utilized from SHIP must be repaid in full. Limits: New Construction $ 50, 000 /Unit Existing $ 40, 000 /Unit IV. LHAP INCENTIVE STRATEGIES Section 420. 9071( 18), F.S. 14-  a. Incentive: The processing of approvals of development orders or permits, as defined In s. 103. 3184(7) and (8), for affordable housing projects is expedited to a greater degree than other projects. ( Section 420.8071( 18), Florida, Statutes) Okaloosa Coun As provided in Policy 1. 4.4 of the Housing Element of the Okaloosa County Comprehensive Plan, the County provides a fast -track review process for development order and building permit applications for projects that provide affordable housing. Citv of Fort Walton Beach: it is the policy of the City' s Development Services Division to expedite affordable housing projects to the greatest extent possible, while meeting all local, stale and federal regulations, b. Incentive: The establishment of a process by which a local government considers, before adoption, policies, procedures, ordinances, regulations, or plan provisions that Increase the cost of housing. ( Section 420. 9071( 16), Florida Statutes) Okaloosa County: The County shall route to the Okaloosa CountylCily of Fort Walton Beach Affordable Housing Advisory Committee for review and comment any proposed policy, ordinance, regulation, or plan provision that could affect the affordability of housing no less than thirty ( 30) days prior to the first public hearing of any said policy, ordinance, regulation, or plan provision. City of Fort Walton Beach The City shall route to the Okaloosa CountylCity of Fort Walton Beach Affordable Housing Advisory Committee for review and comment any proposed policy, ordinance, regulation, or plan provision that could affect the affordability of housing no less than thirty ( 30) days prior to the first public hearing of any said policy, ordinance, regulation, or plan provision. C. Incentive. Establishment of a schedule for implementing the incentive strategies. ( Section 420. 9071(