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

eligible strategies. g. Recipient Selection Criteria: Assistance will be provided on a first- come, first qualified. first served basis. 1. Sponsor Selection Criteria: This strategy will be implemented by the County' s housing agent. J. Additional Information: None G. SPECIAL NEEDS HOUSING STRATEGY 1. Summary of the Strategy: This strategy will be used in all areas of Okaloosa County and the City of Fort Walton Beach to qualified for not- for-profit/ profit organizations applying for funds to acquire, develop and/rehabilitate affordable housing for very - low to low income special needs populations to include transitional housing for the homeless. The not- for -profit/for profit organizations selected for award of funding will utilize a first come, first served tenant selection process, in a case- by- case basis, that meets the specific special needs populations as identified by the Okaloosa County and The City of Fort Walton Beach. 2. Fiscal Years Covered: 2007/2008; 2008/ 2009; 2009/ 2010 3. Income and eligibility requirements: 7-  over the age of 65), persons Eligible special needs groups include the elderly/frail (persons with alcohol and drug addiction,persons with other physical and mental disabilities, persons with mental illness, persons with IllV/AIDS, and homeless persons. Eligible activities include acquisition, reconstruction, moderate or substantial rehabilitation, site improvements, conversion, and/or new construction of units. None ofthe 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, the payment of impact and capacity fees, lender fees, infrastructure expenses typically paid by developer, appraisals, soft costs like engineering fees, architectural and related fees, environmental studies, financing costs, legal, etc... 4. Applicant Criteria The applicant must have experienced staff who 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. 5. Terms, Recapture and Default: Deferred Payment Loans (DPL)' for non- profit firms and a low s will be used at 0% interest loan not to exceed 3%, based on Board of Directors approval, will be used for for-profit firms. Both cases will be secured by mortgage and note, with a minimum term of 15 years. Limits: New Construction: lO, OOO/ Unit $40. 000/Unit Existing 5, 000/Unit $ 30. 000/Unit ID. EXTREMELY LOW INCOME STRATEGY a. Strategies from Section II to be included to serve ELI: Strategies 1, 2, and 5. b. Recipient Selection Criteria: The Recipient Selection Process as denoted in each respective Strategy will be utilized. 8- 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, 000 800.10 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 - Fored. Prevo Max award raised from $2, 000 to $ 5, 000 80% of median income remains the same Strategy # 7 - Rental Max award raised New construction $ lO, OOO/ unit to $ 30, 000 Existing $ 5, 000/ unit to $ 20, 000 80% of median income remains 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  NAME OF LOCAL GOVERNMENT Okaloosa County and City of Fort Walton Beach SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS COVERED 2006/ 2007, 2007/ 2008 AND 2008/ 2009 Prepared by: Okaloosa Community Development Corporation U :An: hivelSHIPL/ HAPS 2003-04 LHAP Fonns dtd 9_ 03/LHAP Template 9_ 2003 #3dr _TB 1-  November 2006 I. PROGRAM DESCRIPTION Chapter 67-37.005 FAC. and Section 420. 9072, F. S. A. Name of the participating local government and Interlocal if Applicable: Sectiun 420.9072(5),F.S. Okaloosa County/ City of Fort Walton Beach Interlocal : Yes X No Name of participating local government( s) in the Interlocal Agreement; Okaloosa County/ City of Fort Walton Beach A copy of the Interlocal Agreement is attached as Exhibit H. B. Purpose of the program: Section 420. 9072, F.S. and Chapter 67-37.005( 3), FAC. Creation ofthe Plan is for the purpose of meeting the housing needs ofthe very low, low and moderate- income households, to expand production of and preserve affordable housing, to further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: Chapter67-37.002,F.AC X _ 2006/ 2007 X _ 2007/ 2008 X _ 2008/ 2009 D. Governance: Chapter 67-37.005(3) and( 5)(i)FA. C. and Section 420.9071 (14)FS. The SHIP Program is established in accordance with Section 420. 907- 9079, Florida Statutes and Chapter 67- 37. 007 Florida Administrative Code. The SHIP Program does further the housing element of the local government Comprehensive Plan. E. Local Housing Partnership Section 420.9072( 1)(a), FS. SHIP Program encourages building active partnerships between government, lenders, builders and developers, real estate professionals, advocates for low- income persons and community groups. F. Leveraging: Chapter 67-37. ( b3, and ( 1)(c), 007(1) (b)(c), FA.C. and Ssection 420.9075( 1)(a) and J)( FS. The Plans are 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 U : ArchivelSHIPL/ HAPS 2003-04 LHAP Forms dtd 9_ 03/LHAP Template 9_ 21M)3 # 3dr_TB 2-  federal housing grants or programs. G. Public Input: Chapter 67-37.005(3), FA.C. 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 Chapter 67-37.005( 6)( FA.C. a), The county or eligible municipality or its administrative representative shall advertise the notice of funding availability in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning ofthe application period. If no funding is available due to a waiting list, no notice of funding availability is required. L Discrimination: Section 420.9075( 3)(c), FS. In accordance with the provisions of ss. 760.20- 760.37, it is unlawful to discriminate on the basis of race, creed, religion, color, age, sex, marital status, familial status, national origin, or handicap in the award application process for