Transcript CITY OF TAMPA

CITY OF TAMPA
Growth Management and Development Services
Housing & Community Development Division
2008
SHIP Funding Activity (FY2004-FY2008)
State Program
FY04 FY05 FY06 FY07 FY08 TOTAL
Allocation
$2.4
$2.4
$2.3
$3.0
$2.9
$13.0
Program Income
$1.5
$0.8
$1.6
$1.3
$0.7
$5.9
Totals
$3.9
$3.2
$3.9
$4.3
$3.6
$18.9
Spent/Committed
$3.9
$3.2
$3.9
$4.3
$3.6
$18.9
HOME Funding Activity (FY2004-FY2008)
Federal Program
FY04 FY05 FY06 FY07 FY08 TOTAL
Entitlement Award
$2.2
$2.4
$2.5
$2.4
$2.0
$11.5
Program Income
$1.0
$1.6
$0.9
$0.9
$0.9
$5.3
Totals
$3.2
$4.0
$3.4
$3.3
$2.9
$16.8
Spent/Committed
$3.2
$4.0
$3.0
$2.1
$0.9
$13.2
Past Reimbursements
Funds Reimbursed to HUD
due to HOME Expenditures
from 1995 to 2002
$2,200,154
Funds Reimbursed to HUD
due to CDBG Expenditures
from 1997 to 2005
$2,187,400
Total
$4,387,554
Highlights of 2006-2007
Design Criteria
• Issued RFQ to qualify Not-For-Profit organizations,
private developers and contractors to build single-family
homes on City-owned vacant lots in East Tampa
Highlights of 2006-2007
Design Criteria
• Established design criteria for single-family homes to
be built on City-owned lots.
• Commissioned four affordable, single-family home
designs for in-fill lots
Highlights of 2006-2007
• Incorporated bonus density provision for
affordable housing in Chapter 27 Code
Highlights of 2006-2007
• Housing Finance Authority Single Family
Revenue Bond Program
– Partnering with the Hillsborough County HFA
and Hillsborough County
– Providing $750,000 in SHIP funds to augment
$10 million in HFA tax exempt bonds
– HFA “80/20” mortgage, borrower receives
100% financing
– Down payment assistance equal to 20% of
purchase price, maximum $50,000
Highlights of 2006-2007
2006
• 40 - Owner-occupied homes rehabilitate
• 14 rehabilitated with TIF funds
2007
• 93 - Owner-occupied homes rehabilitated or
in process
• 34 rehabilitated with TIF funds
Highlights of 2006-2007
2006
• 48 - Persons / Families received down
payment assistance to purchase single-family
homes
2007
• 65 - Persons / Families received down
payment assistance to purchase single-family
homes
Highlights of 2006-2007
2006
• 3 - In-fill single-family homes built by
West Tampa CDC
Highlights of 2006-2007
Completed
2007
• 29 - In-fill single family
homes being built
• Community Housing
Development
Organization (CHDO)
• COACH Foundation
• East Tampa Business &
Civic Association
Highlights of 2006-2007
2006
• 105 Repairs by Centre for Women
(Senior Housing Improvement Program)
2007
• 38 Repairs by Centre for Women (Senior
Housing Improvement Program)
Highlights of 2006-2007
Audit findings
– The City of Tampa’s Internal audit noted
significant operational improvements
– HUD - closed one audit findings
– SHIP - satisfactory SHIP monitoring
review
Multi-family New Construction
2006
• 520 - Affordable rental
units opened
– Meridian Pointe
• 2450 E. Hillsborough
Avenue
– Centro Asturiano
• 1302 E. 21st Avenue
Meridian Pointe
Highlights of 2006-2007
2007
• 296 - Affordable rental units under
construction
– Park Terrace
th
N. 40 Street & Hillsborough Avenue
– San Lorenzo Terrace
4820 Gomez Avenue
New for FY 2007
• Award pending on 37 East Tampa Lots for
single-family in-fill homes by 3 Non-profits
and 3 builders
• Real Estate Development Workshop series
for Faith Based groups
New for FY 2007
Tax Credit applications
submitted to Florida
Housing Finance Agency
with contribution from the
City of Tampa
Central Park Village
– Central Park Village
• 203 Affordable Units
• 160 Affordable Units for Seniors
$6,000,000
$1,550,000
New for FY 2007
– Madison Heights
• 108 Affordable Units for Seniors
$1,500,000
City of Tampa
State Housing Initiative Partnership
(SHIP) Program
SHIP Local Housing Assistance Plan (LHAP)
• The creation of the City’s LHAP is for the purpose of
meeting the housing needs of the very low, low, and
moderate income households, to expand production of and
preserve affordable housing and to increase the supply and
delivery of safe, decent and affordable housing in Tampa.
City of Tampa
State Housing Initiative Partnership
(SHIP) Program
SHIP Local Housing Assistance Plan (LHAP)
• Additionally, this Plan is created to further the housing
element, specifically the affordable housing component, of
the City’s comprehensive plan.
SHIP LHAP Housing Strategies
• Down Payment / Closing Costs Assistance
• Singe-family In-fill / New Construction
• Owner-Occupied Rehabilitation or Emergency
Repairs
• New Construction / Rehabilitation of MultiFamily Rental Units
• Disaster Strategy
• Foreclosure Prevention
SHIP LHAP Housing Strategies
• Affordable housing incentive strategies that are
currently in place to facilitate, encourage,
preserve and produce affordable housing, in
order to assure safe, decent and affordable
housing for the City’s very low, low, and
moderate income households
SHIP LHAP Housing Strategies
Existing Incentive Strategy #1
• Expedited permitting - Construction Services
Department has system in place for expediting
permits for qualified affordable housing
developments
SHIP LHAP Housing Strategies
Existing Incentive Strategy #2
• Ongoing review process - GMDS Director
responsible for the oversight of policies,
procedures ordinances that may have an
impact on the cost of housing
Additional Existing Incentives
• Density bonus flexibility
• Inventory public lands for affordable housing