Fort Walton Beach Council agenda — 12-12-06 ‎(regular)‎ — reading text

General Public on items of City business Agenda Item Number: RG- 7  CITY OF FORT WALTON BEACH COMMUNITY DEVELOPMENT SERVICES DEPARTMENT MEMORANDUM Date: December 5, 2006 To: Joyce Shanahan, City Manager From: Missy McKim, CDS Director SUBJECT: OCDC is seeking approval of the Local Housing Assistance Plan LHAP) for years 2006/ 2007, 2007/ 2008, 2008/2009 and the Hurricane Housing Assistance Plan ( HHAP) for years 2007/2008, 2008/2009~ 009/ 201 0:...., = = = = = = = = = = = = REQUEST To consider a request by Okaloosa Community Development Corporation ( OCDC) to approve the Local Housing Assistance Plan ( LHAP) for years 2006/2007, 2007/2008, and 2008/2009 and the Hurricane Housing Assistance Plan ( HHAP) for years 2007/2008, 2008/2009, and 200912010. Also, consider a request to approve the Recertification of the Interlocal Agreement. BACKGROUND OCDC, as the designated Ship Administrative Entity for Okaloosa County and the City is requesting approval of the SHIP Local Assistance Housing Plan, the Hurricane Housing Assistance Plan and the Recertification of the Interlocal Agreement. The Local Assistance Housing Plan ( LHAP) and the Hurricane Housing Assistance Plan ( HHAP) funds are State funds and provide forgivable mortgages as well as grants to City and County residents. The following strategies form the framework of the HHAP: 1. Substantial Rehabilitation/ Reconstruction 2. Emergency Home Repair 3. Home Purchase Assistance 4. Foreclosure Preventionllntervention and 5. Volunteer Based Housing Initiative (with Faith- based organizations). DISCUSSION Annual Reports from OCDC are presented annually to Okaloosa County Commissioners and the City of Fort Walton Beach for review and certification. OCDC is requesting approval of expenditures for LHAP funds for years 2006/ 2007, 2007/ 2008, 2008/2009 and HHAP funds for years 2007/ 2008, 2008/2009, 2009/2010. Additionally, SHIP is requesting Recertification of the Interlocal Agreement. K~* g RECOMMENDATION: Staff recommends approval of the annual reports for LHAP and HHAP funds for years listed above. Staff also recommends approval of the Recertification of the Interlocal Agreement. Submitted by: ( q J,t 1'~\ A clcJ f' i'->--- r~ Reviewed and Approved b~ Reviewed and Concur: Joyce Shanahan City Manager  Ii: The" Oka.lo sa. C. D. C. II" II Ohlooa& Community Development Corporation November 28) 2006 To: Missy McKim Community Development City of Fort Walton Beach From: Patti Sunnarborg Executive Director The Okaloosa Community Development Corporation would like to appear before the City Council on December 12, 2006, to request approval of changes to OQI Local Housing Assistance Plan and Hurricane Housing Assistance Plan. The State of Florida requires the signature of the Mayor on four documents: the Interlocal Agreement, two Certifications and the Resolution. Please schedule us on the agenda and I will be happy to provide the documents needed by the Council Me taff in a timely manner. Please call our office at # 863- 1969 or e- mail usa: ocdc@earthlink. com in regard to the submittal date of information needed. O~ G. tQ OSCi C~ c.. X~ net eCtrl-~' il) \(, SUlarbOrg P.O. Box 'J:l07. · fort Wallon Be8dh. PI. 32549 · 850-86~- 1969 · Fax: 850- 863- 7954 704 Ooverdale Nvd..tort. W!tIton Beach. 1'1 3'D4'l 100/ 100 ' d vS6LE980S8 ' oN XV~ JGJ ~ SOOl~~ O WV Ov: EO ~ fil/ 900Z/ 8Z/ AON  CITY OF FORT WALTON BEACH CITY COUNSEL AGENDA REQUEST DATE: December 5, 2006 TO: CITY OF FORT WALTON BEACH SUBJECT: Approval of the Local Housing Assistance Plan (LHAP) for years 2006/ 2007, 2007/2008, 2008/2009 and the Hurricane Housing Assistance Plan (HHAP) for years 2007/ 2008, 2008/ 2009, 2009/ 2010. Recertification of the Interlocal Agreement DISTRICT: N/A DEPARTMENT: N/A STATEMENT OF ISSUE: Presentation ofLHAP and BHAP for approval, certification and InterIocal Agreement certification. BACKGROUND: LHAP and HHAP' s are renewed every three years. ANALYSIS: " See Below" SYNOPSIS OF CHANGES TO LHAP Purchase Price limits are currently $258, 637.50 but will run concurrently with those set annually by the State. Strategy # 1 - Purchase Assistance - Max. award raised from $40, 000 to $60, 000 80% of median income raised to 120% Loans remain repayable in full Strategy #2 - Rehabilitation Max award raised from $35, 000 to $46, 000 80% median income remains same Loans become 5 year forgivable Strategy # 3 - Reconstruct Max award raised from $35, 000 to $100, 000 10 and 15 year forgivable notes remain 80% median income remains the same  Strategy # 4 - Disaster Asst. Max award raised from $35, 000 to $ 50, 000 All loans become 5 year forgivable 120% of median income remains the same Strategy # 5 - Infill Housing Max award raised from $ 150, 000 to $258, 637. 50 Land Purch. raised from $150, 000 to $800, 000 80% of median income raised to 120% Strategy # 6 - F orecl.Prev. Max award raised from $2,000 to $5, 000 80% of median income remains the same Strategy # 7 - Rental Max award raised New construction $ 10, 000/unit to $ 30, 000 Existing $ 5, 000/ unit to $ 20, 000 80% of median income :r:emains the same Strategy # 7 - Special Needs New Strategy enabling the CDC the capacity to Assist in housing for special needs individuals New Construction - up to $40, 000 per unit Existing - up to $30, 000 per unit S~~ OP~ SOFCHANGESTOBHAP Strategy # 1 - RehabIReconstruct up to $60, 000 for VLI, LI and median income was 4 year forgivable, changes to 5 year grant changed from 30% or below median income to 50% or below median income Strategy #2 - Emergency Repair Strategy deleted Strategy #3 - Purchase Assistance - Add rehab funding up to $20, 000 with Purchase Max award raised from $35, 000 to $60, 000 up to 120% of median income remains was 15 year forgivable, changed to fully repayable Strategy # 4 - Foreclosure Prevo - Max award raised from $2, 500 to $ 5, 000 up to 120% median income remains remains a grant only Strategy # 5 - Volunteer Initiative - remains the same Strategy #6 - Tenant Assistance - Add the word deposits to security and add rent" 80% of median income raised to 120% Maximum award changed from $1, 750 to  3, 000 Strategy # 7 - Special Needs - New Strategy enabling the CDC the capacity to assist in housing for special needs individuals New Construction - up to $40, 000/ unit Existing - up to $30, 000 RECOMMENDATION: Approve LHAP and HHAP Sign Certifications and Interlocal Agreements RECOMMENDED BY: ~ l} IJ tf? z-....; DEPARTMENT HEAD DATE: / 2(5 ~/() p ( APPROVED BY: DATE:  Exhibit D CERTIFICATION.TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: 1) The local government will advertise the availability of SIllP funds pursuant to Florida. Statutes. 2) All SHIP funds will be expended in a manner which will insure that there will be no discrimination on the basis of race, creed, religion, color, age, sex, familial or marital status~handicap, or national origin. 3) A process for selection of recipients for funds has been developed. for 4) The eligible municipality or county has developed a qualification system for applications awards. 5) Recipients of funds will be required to contractually commit to program guidelines. 6) The Florida Housing Finance Corporation will be notified promptly if the local the plan. government ( or interlocal entity) will be