State Housing Initiatives Partnership Program _SHIP_

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					State Housing Initiatives Partnership Program (SHIP)
Growth Management Housing Programs Office

Provides funding to create private/public sector partnerships to produce and preserve affordable homeownership and rental housing.

Stakeholder Workshops
Growth Management Housing Programs Office

Down-Payment Assistance: Single Family Housing :

January 2008 January 2008

Special Needs/Rental :
Community Services Group

February 2008
March 2008

SHIP Local Housing Assistance Plan Presentation
  

SHIP Update New Initiative: Rental Deposit Proposed Changes to Existing Programs
- Single Family Housing – Multi-Family Housing – Special Needs

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Suggested Housing Delivery Goals

SHIP Update
 



SHIP Expenditures by Income Level of Households Served SHIP Expenditures by Program Results of Down Payment Assistance Changes

SHIP Update:
2006 Program Funds by Area Median Income of Households Served

0.46% 28.28% 27.48%

43.78%

Extremely Low Income <30% AMI Low Income 51%-80% AMI

Very Low Income 31%-50% AMI Moderate Income 80%-100% AMI

SHIP Update: 2006 Expenditures by Program
1% 1% 18%

80%

Down Payment Assistance Programs Single Family Housing: Home Repairs and Replacement Foreclosure Intervention Special Needs

SHIP Update: Results of Down Payment Assistance Changes



  

Increase in number of homebuyers served SFY 2006 SFY 2007 27 45 Buyer’s First Mortgages More Affordable Proactive home repairs funded Increase in leveraged funds Reduction in SHIP households requests for foreclosure intervention assistance

New Rental Deposit Program
Growth Management Housing Programs Office

Purpose: To assist very low and low income renter households to pay for security, utility and rental deposits to obtain affordable rental housing.

Rental Deposit Program
SHIP Program Restrictions
► No mobile homes may be assisted. ► No ongoing rental assistance allowed ► Security and Utility Deposits Eligible Expenses ► Monthly rents must be affordable by SHIP standards ► Funding level subject to program requirements ► Tenants must meet income eligibility requirements: ► Income certification training required

New Rental Deposit Program
Program Issues
● Form of assistance: Grant or Loan ● Location of eligible units - County-wide or - Restrict to outside City of Gainesville ● ● ● Coordination with other service providers Sub-recipient or county partner needed to administer program Inspections to ensure rental unit meets minimum housing code

New Rental Deposit Program
Recommendations:
Direct staff to prepare a Pilot Rental Deposit Program ► Assistance in form of a grant ► Income Eligibility: up to 50% AMI ► Program budget: $50,000 for SFY 2009 ► One time assistance only ► Rental units must meet minimum housing code ► Restrict apartment location to outside of City of Gainesville unless no other deposit program is currently available. ► Partner with Community Support Services Department.

Current SHIP Programs
Growth Management Housing Programs Office

Single Family Housing Multi-Family Housing

Special Needs
Down Payment Assistance

Foreclosure Intervention
Disaster Mitigation/Recovery

Single Family Housing
Housing Repair/ Replacement
Growth Management Housing Programs Office

Developer Fee As Grant Increase Maximum Award Per

Current
$40,000

Proposed
$50,000

Single Family Housing
New Construction
Growth Management Housing Programs Office

Mixed Income Provision for Plan East Gainesville Study Area
Developer Fee As Grant

Decrease maximum award from $40,000 to $25,000 per buyer.

Multi-Family Housing Development Program
Growth Management Housing Programs Office

● Change name to Rental Development Program
●Include mixed income provision in East Gainesville Plan Study Area.

Growth Management Housing Programs Office

Special Needs
Eliminate 50% Match Requirement

Increase maximum award from $6,000 to $10,000.

Down Payment Assistance
Growth Management Housing Programs Office

Consistency between the City of Gainesville and Alachua County SHIP Down Payment Assistance Programs

Maximum Purchase Price

Maximum Income Limit
Length of Mortgage term Essential Service Personnel Definition

Down Payment Assistance
Growth Management Housing Programs Office

Current $204,440 100% AMI

Proposed $237,000 120% AMI 10 year

Maximum Sales Price Maximum Income Limits

Deferred Mortgage Forgiven 30 year

Essential Service Personnel Definition Required

N/A

Inclusive definition

Growth Management Housing Programs Office

State Housing Initiatives Partnership Program (SHIP) Requirements
10% 15%

Illustration ($1,000,000) $750,000 New Construction or Home Repairs $100,000 Administration maximum $150,000 Existing homes without any repairs $1 Million Total
New Construction or Repairs Existing homes without repairs Administration
75%

Proposed Changes to Maximum Awards
Program
Down Payment Single Family -Home Repairs -New Construction Rental Deposit Special Needs

Current
$25,000

Proposed
$30,000

$40,000 $40,000 $0 $6,000

$50,000 $25,000 $1,000-$1,500 $10,000

Recommendations Summary
Direct Staff to:  A.) Draft a new Rental Deposit Pilot Program to provide one-time grants to eligible renters for security and utility deposits.  B.) Draft changes to the following SHIP funded programs as described in Recommendation Attachment or as amended: Single Family Housing Development Program Multi-Family Housing Development Program Special Needs Program Down Payment Assistance Program


C. Draft Housing Delivery Goals for SFY 2009-2011 as recommended or amended.


				
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Description: This document contains information regarding foreclosure and how to avoid foreclosure.