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					  City of Fort Pierce




 STATE HOUSING INITIATIVES
       PARTNERSHIP
      (S.H.I.P.) PROGRAM


LOCAL HOUSING ASSISTANCE
         PLAN
                    FOR
     PROGRAM YEARS
        2009 - 2012




      2009-2012 Local Housing Assistance Plan
                    2/16/2010
                       -1-
                             City of Fort Pierce
           State Housing Initiatives Partnership (SHIP) Program
                  Local Housing Assistance Plan (LHAP)
                         Fiscal Years 2009-2012


I.   PROGRAM DESCRIPTION

     A.   Name of local government: City of Fort Pierce

          The City does not have an Interlocal agreement

     B.   Program’s Purpose
          This Local Housing Assistance Plan (LHAP) sets forth the City of Fort Pierce
          plans to provide guidelines, operating procedures, and strategies to be utilized in
          delivery of affordable housing efforts for very low, low, and moderate income
          households within the city limits of Fort Pierce.

     C.   Fiscal Years Covered: 2009-2012

     D.   Governance: Cities and counties must be in compliance with all program
          regulations pursuant to Section 420.907-9079, Florida Statutes, and Rule Chapter
          67-37, Florida Administrative Code.

     E.   Local Housing Partnership: The creation of a working synergistic partnership
          involving affordable homebuilders, social service providers, local government,
          local lenders, local realtors, contractors and residents is an ongoing process. All
          assistance involving homeownership for both new and existing properties will be
          provided in partnership with the local financial institutions and in consultation
          with other members of the community. The St. Lucie County Lending
          Consortium brings together lenders, title companies, mortgage brokers, Realtors,
          homebuilders, and local government, through public meetings held every other
          month.

          In all of the strategies involving repair/rehabilitation assistance for existing
          homeowners, the city will work with local nonprofits, social services providers,
          and contractors to help identify, contact, and assist these households.

     F.   Leveraging: The City will leverage local and federal funds to increase the
          delivery and availability of affordable housing. Public and private funds will be
          combined to reduce the cost of housing. SHIP funds may be used as a match to
          obtain federal housing grants or to supplement other Florida Housing
          Corporation programs.




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G.   Public Input: Public input was solicited in developing this plan through the
     dissemination of information and a public meeting. Invitations were sent to
     affordable homebuilders, contractors, interested community members, continuum
     of care management service providers, realtors, Habitat for Humanity, St. Lucie
     County Lending Consortium, local housing task force and city officials. Public
     input was solicited through the local newspaper of general circulation,
     advertising review of the Local Housing Assistance Plan and Notice of Funding
     Availability.

H.   Advertising and Outreach: The notice of funding availability will be published
     in a newspaper of general circulation serving a diverse population, at least thirty
     (30) days in advance of each funding cycle and announcements will be made by
     mail-outs to various organizations throughout the community. Additionally, staff
     will participate at local housing fairs and or community events. If no funding is
     available due to a waiting list, no notice of funding availability will be
     advertised.

I.   Discrimination: Discrimination is strictly forbidden on the basis of race, creed,
     color, age, sex, familial status, handicap, religion, martial status, or national
     origin in the award application process for eligible housing.

J.   Support Services and Counseling: The city meets monthly with various social
     service providers in an effort to coordinate support services. The St. Lucie
     County Lending Consortium works with the city to provide credit counseling,
     homeownership counseling (pre and post), and debt management assistance.
     Special attention is given to those groups serving the special needs and elderly
     populations.

K.   Purchase Price Limits: The purchase price of all new and existing homes may
     not exceed the 90% area median purchase price as established by the Department
     of Treasury and adjusted periodically. The most current Treasury Area Median
     Purchase Prices will be in effect. All units must also be new, rehabilitated within
     the past year or require rehabilitation at the time of purchase to be eligible. The
     purchase price limit for new and existing homes is shown on the Housing
     Delivery Goals Charts.

L.   Income Limits, Rent Limits and Affordability: The income and rent limits
     used in the SHIP Program are updated annually from the Department of Housing
     and Urban Development and distributed by the Florida Housing Finance
     Corporation. Affordability means that monthly rents or mortgage payments
     including taxes and insurance do not exceed 30 percent of that amount which
     represents the percentage of the median adjusted gross annual income for the
     households as indicated in Sections 420.9071 (19), (20), and (28). However, it is
     not the intent to limit an individual’s ability to devote more than 30 percent of his
     income for housing and housing for which a household devotes more than 30
     percent of its income shall be deemed affordable if the first mortgage lender and
     the applicant are satisfied that the household can afford mortgage payments in
     excess of the 30 percent benchmark and in the case of rental housing does not
     exceed those rental limits adjusted for bedroom size.

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M.   Welfare Transition Program: A selection criteria and qualification system
     have been developed for eligible sponsors. In the selection process, preference
     will be given to eligible sponsors that employ personnel from the Welfare
     Transition Program.

N.   Monitoring and First Right of Refusal: Eligible sponsors that offer rental
     housing for sale before 15 years or that have remaining mortgages funded under
     this program must give a first right of refusal to eligible nonprofit organizations
     for purchase at the current market value for continued occupancy by eligible
     persons.

     In the case of rental housing, the city or staff with administrative authority shall
     monitor and determine tenant eligibility or, to the extent another governmental
     entity provides the same monitoring and determination, a municipality, county or
     local housing financing authority may rely on such monitoring and determination
     of tenant eligibility. However, any loan or grant in the original amount of $3,000
     or less shall not be subject to these annual monitoring and determination of
     tenant eligibility requirements. Tenant eligibility will be monitored annually for
     at least 15 years or the term of assistance whichever is longer unless specified
     above.

O.   Administrative Budget: A detailed line item budget of proposed Administrative
     Expenditures is attached as Exhibit A. The Community Services Assistant
     Director is responsible for administration of the SHIP program for fiscal years
     2009-10, 2010-11, and 2011-12. Ten percent (10%) of the total SHIP allocation
     will be authorized for administrative expenses each year, as approved by City
     Commission’s attached resolution (Exhibit E). Should the amount of funding
     increase or decrease, administration will remain at 10% of the total funds
     allocated.

P.   Program Administration: Administration of the local housing assistance
     plan is the responsibility of the City of Fort Pierce. Should a third party
     entity or consultant contract for all or part of the administrative or other
     functions of the program provide in detail the duties, qualification and
     selection criteria.

Q.   Essential Services Personnel: Is defined as persons in need of affordable
     housing who are employed in occupations or professions that include, but
     not limited to local or state law enforcement, fire, rescue, emergency services and
     management, public safety, educators, school district personnel in the public,
     private, college and university systems; health care professionals and support
     personnel, tourism industry professionals and employees, judicial/court system
     management and support personnel, service industry personnel (including child
     care, hospitality and food service) and other job categories as required by Section
     420.9075(3)(a), F.S.




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II.   HOUSING STRATEGIES

      The plan for the 2009-10, 2010-11 and 2011-12 fiscal years are designed to increase the
      availability of affordable housing by providing rehabilitation and emergency repairs for
      existing homeowners. Down payment and closing cost assistance for new and existing
      homes requiring rehabilitation will be made available for first time homebuyers.
      Foreclosure prevention assistance and counseling will be provided to homeowners
      previously assisted with SHIP funds. The Disaster/Post Disaster/Mitigation Recovery
      program will assist with repairs and retrofitting households. Assistance in the form of a
      local commitment or local match will be provided for selected multi-family housing
      developments.

      A.      STRATEGY 1:         HOUSING REPAIR/REHABILITATION

              a.      Summary of the Strategy: Rehabilitation assistance will be available to
                      existing owner occupied units. The City’s Rehabilitation Specialist will
                      inspect homes of eligible applicants to identify work activities, through a
                      work write up, for improvements that are needed for safe and sanitary
                      habitation, correction of substantial code violations, or the creation of
                      additional living space.

              b.      Fiscal Years Covered: 2009-2012

              c.      Income Categories to be served: Very low, low, and moderate income
                      families

              d.      Maximum award: $15,000

              e.      Term, Recapture and Default: Deferred mortgage loan @ 0% interest
                      due and payable upon sale, transfer or rental of residence for very low
                      income families. The deferred loan will depreciate annually (see chart
                      below) if the owner continues to occupy the unit as their principal
                      residence. On each anniversary date of the execution of the deferred
                      mortgage, the value of one year’s payment will be deducted from the
                      balance owed. Loans will be secured by a mortgage and note. Should
                      the property be sold or the household fails to maintain it as their principal
                      residence during the term of the deferred mortgage loan, the remaining
                      amount becomes due and payable at five percent (5%) interest to the
                      SHIP Housing Trust Fund.




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               Low and moderate-income households will receive a zero (0%) to five
               percent (5%) interest rate, direct and or deferred loan combination.
               Direct or combination loans will require an amortization schedule to be
               prepared for payment on a monthly basis not to exceed ten (10) years.
               The deferred portion of combination loans will depreciate annually (see
               chart below). Interest rate will be determined on a case-by-case basis
               after an income to debt ratio analysis has been performed to determine
               the applicant’s ability to repay the loan. Loans will be secured by a
               mortgage and note. Should the property be sold or household fails to
               maintain it as their principal residence during the contractual term of the
               loan, the remaining balance shall become due and payable upon default,
               unless a forgiveness provision is incorporated into the mortgage and note
               in which case the non-depreciated portion shall be due and payable upon
               default. In the event of death of the property owner, the same recapture
               criteria applies to eligible heir(s).

      Assistance Amount         Lien Period     Annual Depreciation
             $0 - $5,000           1 year                   -
           $5,001 - $10,000        5 years        1/5 of loan amount
          $10,001 - $15,000       10 years       1/10 of loan amount

     f.        Recipient Selection Criteria: Assistance will be provided on a first
               come/first serve basis following advertisement of the availability of
               SHIP funds. When an extensive waiting list exists, applicants will be
               added to the list in first come/first served order. Applications will be
               received until funds are expended. Priority shall be given to households
               that have been cited by code enforcement.

     g.        Sponsor Selection Criteria: Not applicable

     h.        Additional Information: The City will leverage local and federal funds
               when cost of the project exceeds the maximum award allocation.

B.   STRATEGY 2:          PURCHASE ASSISTANCE

     a. Summary of the Strategy: Assist eligible first time homebuyers with
        dowpayment and closing costs to purchase a newly constructed home, not to
        exceed $259,440 or an existing home, which need repairs, not to exceed
        $280,658, for use as their principal residence. Purchasers of both new and
        existing homes will be assisted with only the amount required to reduce the
        purchase price (principal reduction) in order to make the unit affordable, pay
        for repairs required by the program, pay closing costs, or any combination of
        these needed, up to the maximum allocation. A first time homebuyer is
        defined as a person that has not owned a home in the previous three (3) years
        [exceptions will be made for individuals who are displaced homemakers]. A
        displaced homemaker is defined as an adult who has lost the primary source
        of financial support of the main family wage earner as a result of divorce,
        death, abandonment or disability. Eligible applicants must contribute a
        minimum of $500.

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b. Fiscal Years Covered: 2009-2012

c. Income Categories to be served: Very low, low, and moderate income
   families

d. Maximum award: $15,000 for Very low and Low income families, and
   $10,000 for Moderate income families

e. Terms, Recapture and Default: The assistance provided to households in
   the form of down payment assistance will be in the form of a deferred
   payment loan (DPL) and or combination zero (0%) to five (5%) low interest
   loan for very low, low and moderate income families with a maximum
   repayment term of fifteen (15) years. Interest rate will be determined on a
   case-by-case basis after an income to debt ratio analysis has been performed
   to determine the applicant’s ability to repay the loan. Loans will be secured
   by a mortgage and note, due and payable upon sale, transfer, or rental of
   residence. Full recapture of funds invested will be required upon default,
   unless a forgiveness provision is incorporated into the mortgage and note in
   which case the non-depreciated portion shall be due and payable upon
   default.

     On each anniversary date of the execution of the deferred mortgage, the
     value of one year’s payment will be deducted from the balance owed. Should
     the property be sold or the household fails to maintain it as their principal
     residence during the term of the loan, the remaining amount becomes due
     and payable with interest to the SHIP Housing Trust Fund for use in assisting
     another eligible household. Assistance will be secured by a note and
     mortgage on the property.

f.   Recipient Selection Criteria: The city will work with financial institutions
     in the St. Lucie County Lending Consortium to qualify persons on a case-by-
     case basis. Assistance will be provided on a first come/first served basis
     following advertisement of the availability of SHIP funds. When an
     extensive waiting list exists, applicants will be added to the list in first
     come/first served order.

g. Sponsor Selection Criteria: Not applicable.

h. Additional information: None




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C.   STRATEGY 3: NEW CONSTRUCTION OF MULTI-FAMILY RENTAL
                 UNITS

     a. Summary of Strategy: SHIP funds may be used as part of the local
        contribution when participating in such programs as, but not limited to, the
        Florida State Apartment Incentive Loan (SAIL) and Housing Tax Credit
        programs when they are used to perform construction of multi-family rental
        housing development occupied by income eligible families. Eligible
        activities include state and Federal leveraging. Assistance shall be awarded
        in the form of a letter of commitment for local government contribution,
        contingent upon the Florida Housing Finance Corporation executing a loan
        agreement and/or awarding tax credits.

     b. Fiscal Years Covered: 2009-2012

     c. Income Categories to be served: Very Low, Low and Moderate income
        families

     d. Maximum Award: $75,000 per unit

     e. Terms, Recapture and Default: Assistance will be through a 15-year, no
        interest, and deferred payment loan, forgiven at the end of fifteen years
        provided the units remain affordable during the period of the loan. The units
        must be built within the timeline provided by program regulations.

     f.   Recipient Selection Criteria: Only developments that are approved for
          funding through the Florida Housing Finance Corporation (FHFC) shall be
          eligible to receive SHIP funding through this strategy. Proposals will be
          reviewed by the Department of Community Services on a first come, first
          serve basis, and then scheduled for City Commission’s approval.

     g. Sponsor Selection Criteria: Organizations receiving funds through this
        strategy will be required to occupy units with income eligible applicants.
        Preference will be given to eligible sponsors that employ personnel from the
        Welfare Transition Program. Sponsors offering rental housing for sale
        before 15 years or that have remaining mortgages funded, must give a first
        right of refusal to eligible nonprofit organizations for purchase at the current
        market value for continued occupancy by eligible persons. Rental housing
        will be subject to monitoring and determination of tenant eligibility
        requirements.

     h. Additional Information: None




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D.   STRATEGY 4:         FORECLOSURE PREVENTION PROGRAM

     a.   Summary of Strategy: Funds will assist homeowners with bringing their
          mortgage payments current prior to the start of the foreclosure process.
          Eligible expenses include delinquent mortgage payments (principal,
          interest, taxes and insurance), attorney fees, late fess, and other customary
          fees.

     b.   Fiscal Years Covered: 2009-2012

     c.   Income Categories to be served: Very low, low and moderate-income
          persons

     d. Maximum Award: $5,000

     e. Terms, Recapture and Default: Assistance will be through a one (1) year
        zero percent (0%) interest deferred payment loan secured by a mortgage and
        note to qualified homeowners. Should the property be sold, rented, title
        transferred, etc. or the household fails to maintain it as their principal
        residence during the term of the contractual term of the loan, the invested
        funds shall become due and payable at five percent (5%) interest to the SHIP
        Housing Trust Fund.

     f.   Recipient Selection Criteria: Homeowners that reside within the city limits
          of Fort Pierce will be eligible to apply for assistance through this strategy.
          Applicants will be selected on a first come first serve basis.

     g. Sponsor Selection Criteria: Not applicable

     h. Additional Information: None


E.   STRATEGY 5: DISASTER/POST DISASTER/ MIGATION/ RECOVERY

     a. Summary of Strategy: In the event of a state, federal, or locally declared
        natural disaster by Executive Order as required in Section 420.9078(1), F.S.,
        funds will be used to leverage with available federal and state resources to
        assist income eligible households with disaster related repairs. Funds will be
        utilized for subsequent upgrading and interim repairs to include the purchase
        of emergency supplies to weatherproof damaged homes, repairs to avoid
        further damage, tree and debris removal, payment of insurance deductibles,
        and additional post disaster assistance with non insured repairs. Security
        deposit and rental assistance for displaced disaster related recipients (not to
        exceed two months), will be provided only during the term of the Executive
        Order. Alternatively, funds may also be used to retrofit residences with
        mitigation features (installation of roofing straps, shutters, storm doors, and
        garage doors) that helps prevent future storm damage.


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b. Fiscal Years Covered: 2009-2012

c. Income Categories to be served: Very low, low and moderate income
   families

d. Maximum Award: $10,000

e. Terms, Recapture, and Default: Assistance will be provided in a deferred
    payment loan @ 0% interest due and payable upon sale, transfer or rental of
   residence for very low income families. The deferred loan will depreciate
   annually (see chart below) if the owner continues to occupy the unit as their
   principal residence. On each anniversary date of the execution of the
   deferred mortgage, the value of one year’s payment will be deducted from
   the balance owed. Loans will be secured by a deferred mortgage and note.
   Should the property be sold or the household fails to maintain it as their
   principal residence during the term of the deferred mortgage loan, the
   remaining amount becomes due and payable to the SHIP Housing Trust
   Fund.

      Low and moderate-income households will receive a zero (0%) to five
      percent (5%) interest rate, direct loan or a loan/grant combination. Direct or
      combination loans will require an amortization schedule to be prepared for
      payment on a monthly basis not to exceed five (5) years. The deferred
      portion of combination loans will depreciate annually (see chart below).
      Interest rate will be determined on a case-by-case basis after an affordability
      test (analysis of income to debt ratio) has been performed to determine the
      applicant’s ability to repay the loan. Loans will be secured by a mortgage
      and note, due and payable upon sale, transfer, or rental of residence. Full
      recapture of funds invested will be required upon default, unless a
      forgiveness provision is incorporated into the mortgage and note in which
      case the non-depreciated portion shall be due and payable upon default. In
      the event that the City receives reimbursement from federal and state
      sources, such reimbursed funds will be utilized in accordance with the
      approved Housing Assistance Plan in effect at the time the funds are
      disbursed.


 Assistance Amount         Lien Period     Annual Depreciation
       $0 - $5,000            1 year                   -
     $5,001 - $10,000         5 years        1/5 of loan amount

f.   Recipient Selection Criteria: Assistance will be provided on a first
     come/first serve basis following advertisement of the availability of funds.
     When extensive waiting list exists, applicants will be added to the list in first
     come/first served order. Applications will be received until funds are
     expended. Priority shall be given to individuals and households that have
     been cited by code enforcement.




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     g.   Sponsor Selection Criteria: Not applicable

     h.    Additional Information: The City will leverage local and federal funds
           when cost of the project exceeds the maximum award allocation.

F.   STRATEGY 6:          REPLACEMENT OF SITE BUILT HOUSING

     a. Summary of the Strategy: Reconstruct severely substandard homes
        of eligible owner occupied single family homes in the city limits of
        Fort Pierce. Assistance will be provided to homes that are not feasible
        for rehabilitation based upon structural conditions or rehabilitation
        costs. Homes will be demolished and rebuilt to current code.

     b. Fiscal Years Covered: 2009-2012

     c. Income Categories to be served: Very low, low, and moderate
        income families

     d. Maximum award: $150,000

     e. Terms, Recapture and Default: Deferred payment loan @ 0%
        interest due and payable upon sale, transfer or rental of residence for
        very low income families. The deferred loan will depreciate annually
        (see chart below) if the owners continues to occupy the unit as their
        principal residence. On each anniversary date of the execution of the
        deferred mortgage, the value of one year’s payment will be deducted
        from the balance owed. Should the property be sold or the household
        fails to maintain it as their principal residence during the term of the
        deferred mortgage loan, the remaining amount becomes due and
        payable to the SHIP Housing Trust Fund.

          Low and moderate income households will receive a zero (0%) to five
          (5%) interest rate, direct loan or a loan/grant combination. Direct or
          combination loans will require an amortization schedule to be prepared
          for payment on a monthly basis not to exceed thirty (30) years. The
          deferred portion of combination loans will depreciate annually (see
          chart below). Interest rate will be determined on a case-by-case basis.
          Loans will be secured by a mortgage and note, due and payable upon
          sale, transfer, or rental of residence. Full recapture of funds invested
          will be required upon default, unless a forgiveness provision is
          incorporated into the mortgage and note in which case the non-
          depreciated portion shall be due and payable upon default.




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                Lien Period     Assistance Amount          Annual Depreciation
                  10 years       $10,000-$30,000            1/10 of loan amount
                  15 years       $30,001-$50,000            1/15 of loan amount
                  20 years       $50,001-$70,000             1/20 loan amount
                  25 years       $70,001 - $90,000           1/25 loan amount
                  30 years      $90,001 - $150,000           1/30 loan amount

     f. Recipient Selection Criteria: Assistance will be provided on a first
        come/first served basis following advertisement of the availability of
        SHIP funds. When an extensive waiting list exists, applicants will be
        added to the list in first come/first served order. Priority shall be given
        to households that have been cited by code enforcement.

     g. Sponsor Selection Criteria: Not applicable.

     h. Additional information: None

G.   STRATEGY 7:         LAND ACQUISITION

     a. Summary of the Strategy: Funds for the REACH (Reforming
        Employees with Assisted Collaboration for Homeownership) Program
        will be utilized when scattered lots are purchased within the city limits,
        for newly constructed, or existing homes for eligible essential services
        personnel for use as their principle residence. Financing will be
        provided by the City of Fort Pierce and/or a member of the St. Lucie
        County Lending Consortium. The City will collaborate with approved
        contractors to develop pre-approved plans for homes that may be
        constructed on scattered lots.

     b. Fiscal Years Covered: 2009-2012

     c. Income Categories to be served: Very low, low and moderate income
        families

     d. Maximum award: $250,000

     e. Terms, Recapture and Default: Loans will be secured by mortgage
        and note due and payable upon sale, transfer or rental of residence. A
        zero (0%) to five (5%) low interest loan with a repayment period of
        15-30 years or the term of the first mortgage whichever is less.
        Interest rate will be determined on a case-by-case basis. A 5% default
        penalty fee will apply if the home is sold or rented prior to the end of
        the loan term. If the home is sold prior to the fifth (5th) year, 50% of




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     the equity will be returned to the City of Fort Pierce. Mortgage loans
     will be automatically deducted from employees’ paycheck on a bi-
     weekly, semi-monthly or monthly basis which would include taxes and
     homeowners insurance.

f. Recipient Selection Criteria: Households must meet income and
   other qualifying guidelines set forth in the REACH Program, to
   include attendance at the homebuyers’ workshop. The City will
   collaborate with a review committee to qualify applicants on a first
   come, first qualified, first ready basis.

g. Sponsor Selection Criteria: Developers and/ or Contractors wishing
   to work with the REACH program must either respond to a Request
   for Qualification (RFQ), or the City may piggyback on existing
   contracts that follow under state purchasing guidelines for similar
   projects. Preference will be given to contractors who provide energy
   saving features in their construction plans, with five year maximum
   cost effectiveness.

h.   Additional Information:

         1. Essential Services personnel is defined as persons in need of
             affordable housing who are employed in occupations or
             professions that include, but not limited to local or state law
             enforcement, fire, rescue, emergency services and
             management, public safety, educators, school district
            personnel in the public, private , college and university system:
            Local state and county government; health care professionals
            and support personnel, tourism industry professionals and
            employees, judicial/court system management and support
            personnel, service industry personnel (including child care,
            hospitality and food service) and other job categories as
            required by Section 4209075(3)(a),F.S.

        2. Employed permanently by current employer for approximately
           two years.

        3. Applicant must provide an approval letter or good faith
           estimate from a financial institution on the St. Lucie County
           Lending Consortium.

        4. A minimum beacon score of 400 – 670 is required to be fully
           or partially financed through the City of Fort Pierce. Non-
           traditional credit will be utilized for those without beacon
           scores. Current payment history will be considered for
           approval.

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            5. Debt to income ratio and proposed monthly housing expenses
               will be considered to determine award amount.

            6. Approved applicants will be required to have mortgage
               insurance.

            7. Applicant may purchase home in target area.

            8. Applicants will be required to work with certified staff to
               prepare a budgeting plan/goal to repair past and current debts.

            9. Annual follow-ups will be required for three years.

            10. Review committee will recommend loan approvals and title
                companies will conduct closings.

            11. Essential Services Personnel will have first right refusal in case
                of foreclosure on mortgage loan.

H.   STRATEGY 8. FLORIDA HOMEBUYER OPPORTUNITY PROGRAM (HOP)

                a. Summary of Strategy: This strategy is designed in response to
                   the legislative proviso requiring SHIP local governments to
                   expend 2009-2010 funds to ensure that residents of the state
                   derive the maximum possible economic benefit from the federal
                   first time homebuyer tax credit created through the American
                   Recovery and Reinvestment Act of 2009 by providing
                   subordinate downpayment assistance loans to first time
                   homebuyers for owner occupied primary residences that can be
                   repaid by the income tax refund the homebuyer is entitled to
                   under the First Time Homebuyer Credit. The state program shall
                   be called the “Florida Homebuyer Opportunity Program
                   (FHOP).

                b. Fiscal Years Covered: 2009-2010 until expiration of the
                   Florida Homebuyer Opportunity Program Tax Credit.

                c. Income Categories to be served: Up to $75,000 for single
                   taxpayers or $150,000 for joint filers. There is no requirement to
                   reserve 30 percent of the funds for awards to very low income or
                   30 percent of the funds for awards to low income persons; and
                   there is no requirement to expend 75% of funds for construction,
                   rehabilitation or emergency repair.


                d. Maximum award: The principal balance of the loans provided
                   shall not exceed 10% of the purchase price or $8,000 whichever
                   is less.

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                        e. Terms, Recapture and Default: If the City receives repayment
                           from the homebuyer within 18 months after the closing date of
                           the loan, the City shall waive all interest charges. A homebuyer
                           who fails to fully repay the loan within 18 months shall be
                           subject to repayment terms provided in an appropriate strategy in
                           the local housing assistance plan. All funds repaid to the City
                           shall be considered “program income” as defined in s.420.9071
                           (24).

                        f. Recipient Selection Criteria: Recipients must meet the
                           requirements of the following: The maximum income limit shall
                           be Adjusted Gross Income of $75,000 for single taxpayer
                           households or $150,000 for joint-filing taxpayer households
                           which is equal to that permitted by the American Recovery and
                           Reinvestment Act of 2009.

III.   LHAP INCENTIVE STRATEGIES

       A.   EXPEDITED PERMITTING

            The City of Fort Pierce Housing Incentive Plan was adopted August 1, 1994 and
            amended on March 19, 2009. The Affordable Housing Advisory Committee
            reviewed the incentives; expedited permitting process for affordable housing
            projects and the establishment of a process to consider actions that has a
            significant impact on the cost of housing.

            The Planning and Building Departments implemented the provisions of the
            expedited permit processing for affordable housing projects. The Community
            Services Department has worked with both departments to make sure that new
            staff is aware of the process. To date, no problems have been reported by
            contractors, applicants, or city personnel.

            a. Established policy and procedures: The Planning and Building
               Departments in the City of Fort Pierce already have streamlined, expedited
               permit processing in place, for all projects. The City encourages pre-
               construction meetings with the builder and staff representing the Planning
               Department, to save the builder the expense of having plans redrawn to meet
               City requirements and cause possible delays in the permitting process.




                        2009-2012 Local Housing Assistance Plan
                                      2/16/2010
                                        - 15 -
      B.   ON-GOING REVIEW PROCESS

           The Housing Incentive Plan recommends that the City process and review
           affordable housing building permits within three (3) business days. The plans for
           review should be color-coded for priority and hand delivered to the appropriate
           departments for processing with the objective of each department performing
           their review that same day received.

           a.      Established policy and procedures: A committee is in place that
                   reviews the city’s current building codes and land development
                   regulations. The objective of the committee is to recommend the
                   elimination of excessive requirements that add to the cost of housing,
                   that are not essential. The committee may make non-binding
                   recommendations to the Director of Community Services, City Manager,
                   and/or City Commission.

IV.   EXHIBITS:

      A.   Administrative Budget for Fiscal Years 2009-10, 2010-11, and 2011-12.
      B.   Timeline for Encumbrance and Expenditure
      C.   Housing Delivery Goals Chart for Fiscal Years 2009-10, 2010-11, and 2011-12
      D.   Certification Page
      E.   Adopting Resolution #09-21
      F.   Program Information Sheet




                        2009-2012 Local Housing Assistance Plan
                                      2/16/2010
                                        - 16 -
                                                              FLORIDA HOUSING FINANCE CORPORATION                                                                                                                                Please check applicable box, & if Amendment, enter number


                                                       HOUSING DELIVERY GOALS CHART#2002                                                                                       2009-10, 2010-11, 2011-12                  New Plan:                                          X
                                  STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR:                                                                                       2011-12                   Amendment:

                                                                                                                                                                                                                          Fiscal Yr. Closeout:

Name of Local Government:                                City of Fort Pierce                                                                      Available Funds:               $373,338.00


                                                                                                                                                            A                       B                       C                         D                          E                    F
            HOME OWNERSHIP                                 VLI            Max. SHIP           LI        Max. SHIP        MI         Max. SHIP       New Construction          Rehab/Repair         Without Construction            Total                     Total                Total
              STRATEGIES                                   Units            Award           Units           Award       Units         Award           SHIP Dollars            SHIP Dollars             SHIP Dollars           SHIP Dollars                 Percentage               Units

Housing Repair/Rehabilitation                                      2         $15,000               2        $15,000           1       $15,000                                    $75,000.00                                        $75,000.00                  20.09%                         5
Purchase Assistance                                                                                                                                                                                                                         $0.00                0.00%                        0
   New Construction                                                1         $15,000               4        $15,000           2       $10,000              $95,000.00                                                              $95,000.00                  25.45%                         7
   Existing with Rehabilitation                                    1         $15,000               2        $15,000           1       $10,000                                    $55,000.00                                        $55,000.00                  14.73%                         4
Foreclosure Prevention                                             1          $5,000               5         $5,000           3        $5,000                                                            $45,000.00                $45,000.00                  12.05%                         9
Disaster/Post/Mitigation/Recovery                                  3         $10,000               2        $10,000           1       $10,000                                    $60,000.00                                        $60,000.00                  16.07%                         6
Replacement Site Built Housing
                                                                                                    0   $150,000                                                                                                                            $0.00                0.00%                        0
Land Acquisition
                                                                                                    0   $250,000                                                                                                                            $0.00                0.00%                        0
Subtotal 1 (Home Ownership)                                        8                               15                         8                            $95,000.00           $190,000.00              $45,000.00              $330,000.00                   88.39%                        31


                    RENTAL                                 VLI            Max. SHIP           LI        Max. SHIP        MI         Max. SHIP       New Construction          Rehab/Repair         Without Construction            Total                     Total                Total
                  STRATEGIES                               Units            Award           Units           Award       Units         Award           SHIP Dollars            SHIP Dollars             SHIP Dollars           SHIP Dollars                 Percentage               Units

New Construction of Multi-Family                                                                    0       $75,000                                                                                                                         $0.00                0.00%                        0
                                                                                                                                                                                                                                            $0.00
                                                                                                                                                                                                                                            $                    0.00%                        0
                                                                                                                                                                                                                                            $0.00                0.00%                        0
                                                                                                                                                                                                                                            $0.00                0.00%                        0
                                                                                                                                                                                                                                            $0.00                0.00%                        0
Subtotal 2 (Non-Home Ownership)                                    0                                0                         0                                  $0.00                  $0.00                   $0.00                   $0.00                   0.00%                         0
Administration Fees                                                                                                                                                                                                                $37,338.00                  10.00%
Admin. From Program Income                                                                                                                                                                                                                                      0.00%
Home Ownership Counseling                                                                                                                                                                                                             $6,000.00                 1.61%

GRAND TOTAL
Add Subtotals 1 & 2, plus all Admin. & HO Counseling               8                               15                         8                            $95,000.00           $190,000.00              $45,000.00              $373,338.00                 100.00%                         31

       Percentage Construction/Reh                                                    Calculate Constr./Rehab Percent. by adding Grand Total Columns A&B, then divide by Annual Allocation Amt.                                                76%
       Maximum Allowable
       Purchase Price:                                                                                                                                     New                                         Existing

     Allocation Breakdown                                              Amount                           %                         Projected Program Income:                                       Max Amount Program Income For Admin:                            $0.00
Very-Low Income                                                            $95,000.00                         25.4%               Projected Recaptured Funds:
Low Income                                                                $165,000.00                         44.2%               Distribution:                               $373,338.00
Moderate Income                                                            $70,000.00                         18.7%               Total Available Funds:                         $373,338.00
TOTAL                                                                     $330,000.00                         88.4%                                                                                                                                         16-Feb-10
                                                                                              TIMETABLE FOR STATE FISCAL YEARS 2009-2012
       67-37.005(1), F.A.C.                                                                                                                                                                                                 Exhibit B
                                                                                                Name of Local Government: City of Fort Pierce

Program                           Year    Year 2009-2010                                            2010-2011                                             2011-2012                                              2012

Activities                        Month    7    8    9     10   11   12   1   2   3   4   5   6    7    8   9   10   11   12      1   2   3   4   5   6   7   8   9   10   11   12   1   2   3   4       5   6    7     8    9   10     11   12

Advertise Availability of Funds            x                                                       x                                                      x                                                       x



Application Period(On-Going)                    x    x     x    x    x    x   x   x   x   x   x    x    x   x    x   x    x       X   X   X   X   X   X   x   x   x   x    x    x    x   x   x   x   x       x    x     x    x    x     x    x



  Start Program Year                       x                                                       x                                                      x                                                       x



  Annual Report                                      x                                                      x                                                     x                                                          x



Mid-Year Review/Adjustments                                          x                                                    x                                                                                                                  x



End-Year Review/Adjustments                                                                   x                                                       x                                                      x



 Encumbrance Deadline                                                                                                                                 x



 Expenditure Deadline                                                                                                                                                                                        x



 Final Program Review                                                                                                                                                                                        x




        Directions:               Type in the applicable years across the top line.
                                  List Program Activities down left hand side. Type in an "X"
                                  on applicable activity line under month and year the activity will be initiated or completed.
                                  At a minimum the following activities should be included:



                                  1) Advertise availability of funds and application period
                                  2) Encumbrance of funds (12 months following end of State Fiscal Year)
                                  3) Expenditure of funds (24 months following end of State Fiscal Year).
                                  4) Submit Annual Report to FHFC (September 15th)
                      City of Fort Pierce
                                                                      Exhibit A
                    Administrative Budget
                         Fiscal Years
                  2009-10, 2010-11, 2011-12


         Fiscal Year 2009-10
Salaries and Benefits                      $    25,000.00
Office Supplies and Equipment              $     3,338.00
Travel Perdiem Workshops, etc              $     4,000.00
Communication/Frieght/Postage              $     2,000.00
Books/Publications/Memberships             $     1,000.00
Accounting and Auditing                    $     1,000.00
Advertising                                $     1,000.00
                                           $    37,338.00



         Fiscal Year 2010-11
Salaries and Benefits                      $    25,000.00
Office Supplies and Equipment              $     3,338.00
Travel Perdiem Workshops, etc              $     4,000.00
Communication/Freight/Postage              $     2,000.00
Books/Publications/Memberships             $     1,000.00
Accounting and Auditing                    $     1,000.00
Advertising                                $     1,000.00
                                           $    37,338.00



         Fiscal Year 2011-12
Salaries and Benefits                      $    25,000.00
Office Supplies and Equipment              $     3,338.00
Travel Perdiem Workshops, etc              $     4,000.00
Communication/Frieght/Postage              $     2,000.00
Books/Publications/Memberships             $     1,000.00
Accounting and Auditing                    $     1,000.00
Advertising                                $     1,000.00
                                           $    37,338.00



Administrative budget costs are based on a distribution of $373,338
                                                                                       Exhibit F

       STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM
                        INFORMATION SHEET

LOCAL GOVERNMENT: CITY OF FORT PIERCE
CHIEF ELECTED OFFICIAL (Mayor, Chairman, etc.): Robert J. Benton, III, Mayor
ADDRESS:      100 N. U.S. Highway #1, Fort Pierce, FL 34950 (or)
              P.O. Box 1480, Fort Pierce, FL 34954
SHIP ADMINISTRATOR: Dorina L. Jenkins, Community Services Asst. Director
ADDRESS:      100 N. U.S. Highway #1, Fort Pierce, FL 34950 (or)
              P.O. Box 1480, Fort Pierce, FL 34954
TELEPHONE:       (772) 460-2200, Ext. 230    FAX: (772) 461-2954
EMAIL ADDRESS: djenkins@city-ftpierce.com
ADDITIONAL SHIP CONTACTS: Sadie Cooper, Program Specialist
ADDRESS:      100 N. U.S. Highway #1, Fort Pierce, FL 34950 (or)
              P.O. Box 1480, Fort Pierce, FL 34954
EMAIL ADDRESS: scooper@city-ftpierce.com


INTERLOCAL AGREEMENT: YES/NO (IF yes, list other participants in the inter-local
agreement): No
The following information must be furnished to the Corporation before any funds can be disbursed.
LOCAL GOVERNMENT EMPLOYER FEDERAL ID NUMBER: 59-6000322
MAIL DISBURSEMENT TO: City of Fort Pierce Finance Department
ADDRESS:      100 N. U.S. Highway #1, Fort Pierce, FL 34950 (or)
              P.O. Box 1480, Fort Pierce, FL 34954
OR: IF YOUR FUNDS ARE ELECTRONICALLY TRANSFERRED PLEASE COMPLETE THE
ATTACHED FORM:
   NO CHANGE FROM PREVIOUS ELECTRONIC FORM SUBMITTED.
Provide any additional updates the Corporation should be aware of in the space below: Please return
this form to: SHIP PROGRAM MANAGER, FHFC 227 N. BRONOUGH ST, STE 5000
TALLAHASSEE, FL 32301 Fax: (850) 922-7253

				
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