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Home My WebLink AboutR-03-0161J-03-163 2/13/03 �3- 16i RESOLUTION NO. A RESOLUTION OF THE MIAMI CITY COMMISSION URGING GOVERNOR JEB BUSH AND THE MIAMI-DADE LEGISLATIVE DELEGATION TO TAKE WHATEVER STEPS ARE NECESSARY TO CONTINUE FUNDING OF THE STATE HOUSING INITIATIVE PARTNERSHIP ("SHIP") HOUSING PROGRAM TO ASSURE THE CITY OF MIAMI'S IMPLEMENTATION OF SAID PROGRAM; FURTHER DIRECTING THE CITY CLERK TO TRANSMIT A COPY OF THIS RESOLUTION TO THE OFFICIALS DESIGNATED HEREIN. BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Governor Jeb Bush and the Miami -Dade Legislative Delegation are urged to take whatever steps are necessary to continue funding the State Housing Initiative Partnership ("SHIP") Housing Program to assure the City of Miami's implementation of said program. Section 2. The City Clerk is directed to transmit a copy of this Resolution to Governor Jeb Bush, Lieutenant Governor Frank T. Brogan, President of the Florida Senate James E. "Jim" King, Jr., Speaker of the Florida House of Representatives CITY CONNISSION N:EETM (', UP 1 3 ?003 Resolution No. 03- if 1 Johnnie Byrd, and all members of the Miami -Dade County Legislative Delegation. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.11 PASSED AND ADOPTED this 13th day of February 2003. EL A. DIAZ, MAYOR ATTEST: 6 1 ' 7 AX60U14n, Ag e4 �' e �' P ISCILLA A. HOMPSON CITY CLERK APPROVF,;e`AS ,/0 FORM AD—CORRECTNESS RfWDRO VILAREL CJT ATTORNEY W6954:tr:BSS 1j If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Page 2 of 2 03- 161 ..an 30 03 11:35a Commissioner Winton (305)579-3334 p.1 a DISTRICT 2 CITY OF MIAMI, FLORIDA INTER -OFFICE fAMNIORANDUPA CHAIRMAN WINTON TO: Honorable Mayor and Members of DATE: January 30, 2003 FILE: The City Commission SUBJECT: State Housing Trust Fund t.--' FROM: Johnny Winton f fp� REFERENCES: Chairman Oi ENCLOSURES: Dear Colleagues: I would respectfully request that we discuss the Governor's Proposed Budget at the February 13, meeting of the City of Miami Commission. I am including a Sadowski Trust Funds Alert informing of the impending cuts in State Housing programs on my blue page. Thank vou. ;3- 161 . .. an 30 03 11:35a Sadowski Trust Funds Alert Commissioner Winton [305)579-3334 p.2 Florida's Dedicated Revenue Source for Affordable Housing Eliminated in Governor's Proposed Budget Governor Hush released his proposed FY 2003-2004 budget yesterday. The budget has eliminated the State Housing Trust Fund (which funds programs such as SAIL) and the Local Government Housing Trust Fund (SHIP) and reallocated all funds to General Revenue, Appropriations for housing programs are proposed from general revenue, however, they are 583.9 million loci than tho amount that trould bo auailablo from tho dodiontod roronun in tho tnict finde. Undor tho proposed budget SHIP would lose 558.4 million, and the State programs would lose 525.5 million. This action is an enormous blow to the accomplishment of creating the William E. Sadowski Affordable Housing Act in 1992. If the Governor's proposal is approved by the Legislature we will no longer have a dedicated revenue source for affordable housing In Florida. WHY IT IS A MISTAKE TO LOSE OUR DEDICATED REVENUE FOR AFFORDABLE HOUSING: 0 Without a trust fund that can rely on a dedicated revenue source, housing funding will be uncertain, and will remain stagnant or decrease. The Housing trust funds are needed, are utilized, and have massive econorr:sc stimulus. • Over 700,000 of Florida's families are in immediate need of affordable housing (paying over 50% of their total household income for shelter). Florida needs more affordable housing funding—scot less funds from an uncertain source. • The trust funds serve Florida's first time homebuyers, working families, the elderly, and the homeless. No state expenditure provides as much economic stimulus as affordable housing. The construction industry has a strong multiplier effect—more than 2-1. Combined with the fact that Florida's housing programs leverage private sector investment (bank loans and equity) and federal funding at a ration of more than 4-1, each Sl million of state monies spent on housing provides over S8 million of economic activity and over 160 jobs. Under funding by 583.9 million will result in the loss of over S335 million of economic stimulus and thousands of jobs. • The dedicated doe stamp revenue source was deliberately designed to be a growth tax- so that housing funding could keep pace with housing cosu. Although the economy is not good, land and housing costs continue to escalate. • The trust funds, are supported by a diverse coalition of groups, including the Florida Home Builders Association, the Florida Association of Realtors, the Florida League of Cities, the Florida Association Of Counties, 1000 Friends of Florida, the Florida Housing Coalition, the Florida Catholic Conference, Florida Impact, and Florida Legal Services, as well as many others. 03- 161 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Honorable Mayor and Members of DATE : January 30, 2003 FILE The City Commission SUBJECT: State Housing Trust Fund 1 FROM: Johnny Winton I(p, REFERENCES: Chairman Ow ENCLOSURES: Dear Colleagues: I would respectfully request that we discuss the Governor's Proposed Budget at the February 13, meeting of the City of Miami Commission. I am including a Sadowski Trust Funds Alert informing of the impending cuts in State Housing programs on my blue page. Thank you. 03- M Sadowski Trust Funds Alert Florida's Dedicated Revenue Source for Affordable Housing Eliminated in Governor's Proposed Budget Governor Bush released his proposed FY 2003-2004 budget yesterday, The budget has eliminated the State Housing Trust Fund (which funds programs such as SAIL) and the Local Government Housing Trust Fund (SHIP) and reallocated all funds to General Revenue. Appropriations for housing programs are proposed from general revenue, however, they are $83.9 million loco than tho amount that tuould bo aunilablo from tho dodiontod rauonuo in tho trot fimdo. Undor tho proposed budget SHIP would lose $58.4 million, and the State programs would lose $25.5 million. This action is an enormous blow to the accomplishment of creating the William E. Sadowski Affordable Housing Act in 1992. If the Governor's proposal is approved by the Legislature we will no longer have a dedicated revenue source for affordable housing in Florida. WHY IT IS A MISTAKE TO LOSE OUR DEDICATED REVENUE FOR AFFORDABLE HOUSING: • Without a trust fund that can rely on a dedicated revenue source, housing funding will be uncertain, and will remain stagnant or decrease. • The Housing trust funds are needed, are utilized, and have massive economic stimulus. • Over 700,000 of Florida's families are in immediate need of affordable housing (paying over 50% of their total household income for shelter). Florida needs more affordable housing funding—not less funds from an uncertain source. • The trust funds serve Florida's first time homebuyers, working families, the elderly, and the homeless. • No state expenditure provides as much economic stimulus as affordable housing. The construction industry has a strong multiplier effect—more than 2-1. Combined with the fact that Florida's housing programs leverage private sector investment (bank loans and equity) and federal funding at a ration of more than 41, each $1 million of state monies spent on housing provides over $8 million of economic activity and over 160 jobs. Under funding by $83.9 million will result in the loss of over $335 million of economic stimulus and thousands of jobs. • The dedicated doc stamp revenue source was deliberately designed to be a growth tax- so that housing funding could keep pace with housing costs. Although the economy is not good, land and housing costs continue to escalate. • The trust funds are supported by a diverse coalition of groups, including the Florida Home Builders Association, the Florida Association of Realtors, the Florida League of Cities, the Florida Association of Counties, 1000 Friends of Florida, the Florida Housing Coalition, the Florida Catholic Conference, Florida Impact, and Florida Legal Services, as well as many others. _03— 1S1 Sadowski Trust Funds Alert Florida's Dedicated Revenue Source for Affordable Housing Eliminated in Governor's Proposed Budget Governor Bush released his proposed FY 2003-2004 budget yesterday. The budget has eliminated the State Housing Trust Fund (which funds programs such as SAIL) and the Local Government Housing Trust Fund (SHIP) and reallocated all funds to General Revenue. Appropriations for housing programs are proposed from general revenue, however, they are $83.9 million loan than tho amount that ivould bo available from tho dodiontod ravonuo in the tniat fimdo. Undor the proposed budget SHIP would lose $58.4 million, and the State programs would lose $25.5 million. This action is an enormous blow to the accomplishment of creating the William E. Sadowski Affordable Housing Act in 1992. If the Governor's proposal is approved by the Legislature we will no longer have a dedicated revenue source for affordable housing in Florida. WHY IT IS A MISTAKE TO LOSE OUR DEDICATED REVENUE FOR AFFORDABLE HOUSING: • Without a trust fund that can rely on a dedicated revenue source, housing funding will be uncertain, and will remain stagnant or decrease. • The Housing trust funds are needed, are utilized, and have Massive economic stimulus, • Over 700,000 of Florida's families are in immediate need of affordable housing (paying over 50% of their total household income for shelter). Florida needs more affordable housing funding—not less funds from an uncertain source. • The trust funds serve Florida's fust time homebuyers, working families, the elderly, and the homeless. • No state expenditure provides as much economic stimulus as affordable housing. The construction industry has a strong multiplier effect—more than 2-1. Combined with the fact that Florida's housing programs leverage private sector investment (bank loans and equity) and federal funding at a ration of more than 41, each $1 million of state monies spent on housing provides over $8 million of economic activity and over 160 jobs. Under funding by $83.9 million will result in the loss of over $335 million of economic stimulus and thousands of jobs. • The dedicated doc stamp revenue source was deliberately designed to be a growth tax- so that housing funding could keep pace with housing costs. Although the economy is not good, land and housing costs continue to escalate. • The trust funds are supported by a diverse coalition of groups, including the Florida Home Builders Association, the Florida Association of Realtors, the Florida League of Cities, the Florida Association of Counties, 1000 Friends of Florida, the Florida Housing Coalition, the Florida Catholic Conference, Florida Impact, and Florida Legal Services, as well as many others. a 1.3 — 16 1