HomeMy WebLinkAboutR-02-0321J-02-204
2/27/02
RESOLUTION NO. 02--321
A RESOLUTION OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENT(S), APPROVING THE REVISED CITY
OF MIAMI LOCAL HOUSING ASSISTANCE PLAN (THE
"PLAN"), ATTACHED AND INCORPORATED, FOR THE
PERIOD OF JULY 1, 2001 THROUGH JUNE 30, 2004,
FOR THE CONTINUED PARTICIPATION OF THE CITY IN
THE FLORIDA STATE HOUSING INITIATIVES
PARTNERSHIP ("SHIP") PROGRAM; AUTHORIZING THE
CITY MANAGER TO SUBMIT A MODIFIED PLAN FOR
REVIEW AND APPROVAL BY THE FLORIDA HOUSING
FINANCE CORPORATION; FURTHER AUTHORIZTNG THE
CITY MANAGER TO EXECUTE ALL NECESSARY
DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, TO IMPLEMENT THE TERMS AND
CONDITIONS OF THE SHIP UROGRAM AND THE PLAN;
ESTABLISHING THE ACTIVITIES TO BE IMPLEMENTED
BY THE PLAN AND INCREASING THE ADMINISTRATIVE
COSTS FOR THE SHIP PROGRAM FROM FIVE TO TEN
PERCENT AND MAKING CERTAIN FINDINGS.
WHEREAS, in July 1992, the State of Florida enacted the
William E. Sadowski Affordable Housing Act ("Sadowski Act"),
which provides for the allocation a portion of new and existing
documentary stamp taxes on deeds on real estate transactions to
local governments for the
affordable housing; and
development and maintenance of
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i3. -a0latial lu
WHEREAS, the Sadowski Act provided a dedicated revenue
source for affordable housing and created the State Housing
Initiatives Partnership ("SHIP") Program; and
WHEREAS, in August, 1994, the City of Miami was notified by
the State of Florida ("State") that the City would be eligible
to receive $1,353,387 in SHIP Program funds beginning with the
State's 1995-96 Fiscal Year; and
WHEREAS, the City has since received approximately $1.3 to
$1.9 million annually from the State in connection with the SHIP
Program; and
WHEREAS, Resolution No. 99-705, adopted September 28, 1999,
approved the City's revised Local Housing Assistance Plan (the
"Plan"), enabling the City to expand the number of housing
assistance programs available to very low, low and moderate
income eligible families and the elderly; and
WHEREAS, the City is projected to receive approximately
$1,904,695 in SHIP Program funds from the State for Fiscal Year
2001-2002 for implementation of the SHIP Program; and
WHEREAS, Resolution No. 01-370.1, adopted April 26, 2001,
approved the submission of the Plan to the Florida Housing
Finance Corporation covering Fiscal Years 2001-2002, 2002-2003,
and 2003-2004 to ensure continued eligibility for participation
in the SHIP Program; and
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WHEREAS, due to increased demand for financial assistance
through the City's Single Family Rehabilitation and Homebuyers
Financing Programs and limited funding resources available from
the State and federal governments, it is necessary for the City
to reduce the level of financial assistance available under the
aforementioned housing programs; and
WHEREAS, in an effort to further promote the City's goals
to preserve the existing residential housing stock and provide
homeownership opportunities to the City's very low, low and
moderate income families and more specifically the elderly and
disabled individuals, the Administration was instructed to
modify the City's existing Plan and submit the revised Plan to
the State of Florida for its review and approval;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the
Preamble to this Resolution are adopted by reference and
incorporated as if fully set forth in this Section.
Section 2. The revised City of Miami Local Housing
Assistance Plan attached and incorporated, for the period of
July 1, 2001 through June 30, 2004, for the continued
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participation of the City in the Florida State Housing
Initiatives Partnership ("SHIP") Program is approved.
Section 3. The City of Manager is authorized to submit
the Plan to the Florida Housing Finance Corporation for review
and approval.
Section 9. The City Manager is authorized!' to execute
all necessary
documents, in
a form
acceptable
to
the
City
Attorney, to
implement the
terms and
conditions
of
the
SHIP
Program and the Plan.
Section 5. Any funds received by the City pursuant to
the SHIP Program to implement the Plan will be used to carry out
the following activities:
1. Single Family Rehabilitation Program
The Program will provide rehabilitation assistance
to very low, low and moderate income persons, the elderly
and the disabled who occupy and maintain single-family
residences in the City of Miami. Prioritization of
financial assistance under this Program strategy will be
ii The herein authorization is further subject to compliance with all
requirements that may be imposed by the City Attorney, including but
not limited to those prescribed by applicable City Charter and Code
provisions.
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provided to elderly homeowners 62 years or older and
disabled homeowners in the form of a zero percent (0%)
deferred payment loan secured by the property, and will
be forgiven on a pro -rata basis of ten percent. (10%) per
year for a ten --year term, as long as the applicant
homeowner continues to own and occupy the property.
Should the homeowner die and an income eligible heir
inherits the property during the ten (10) year period,
the heir will not be required to repay the pro -rata
balance, but will be allowed to assume the mortgage
provided that the heir becomes the owner -occupant.
Financial assistance to other eligible homeowners
will be provided in the form of a low interest loan
ranging from zero percent to three percent for fifteen
years based on the homeowner's income and household size.
A maximum of up to $25,000 in financial assistance
will be available under this strategy for homeowners who
reside and maintain the property as their principal
residence.
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2. Homebuyers Financing Program
The Homebuyers Financing Program will provide down
payment/closing costs and/or second mortgage financing
assistance to qualified very low, low moderate income
persons, and the elderly and the disabled, to assist in
the purchase of newly constructed affordable
homeownership housing units developed by not --for-profit
housing corporations or private developers, or for the
purchase of an existing residential property located
within the corporate limits of the City. To qualify for
financial assistance under this strategy, homebuyers must
have received a commitment from a first mortgage lender
for the purchase of the residential unit. The property
must be owner occupied. Financial assistance will be
provided in the form of a low interest loan at three to
five percent interest over a fifteen or twenty year
period, secured by the property. The financial
assistance provided will be due and payable to the City
if the property is leased or sold to a subsequent
homebuyer and upon refinancing by the current homeowner.
A maximum of $25,000 in financial assistance will be
available to homebuyers who reside and maintain the
property as their principal residence.
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3. Single Family Replacement Housing Program
The Single Family Replacement Housing Program will
be utilized to replace dilapidated owner ---occupied housing
units that are not suitable for rehabilitation. A
maximum of $75,000 per unit will be made available to
construct a new housing unit on land owned by the
existing homeowner/applicant or on a vacant residential
property that may be available and owned by the City or
Miami -Dade County. Financial assistance under this
strategy will be made available on an as -needed basis.
Funds will be awarded in the form of a low interest loan
at three percent interest over a fifteen or twenty year
period secured by the property. If the property is
rented, leased or sold during the abovementioned period,
the balance remaining on the loan will become due and
payable to the City of Miami at that time. In the event
of death of all eligible homeowner(s), an heir to the
property can assume the obligation of the original owner
as long as the heir is .income eligible and remains the
owner -occupant of the property.
4. Homeownership Development Program
The Homeownership Development Program is designed
to increase homeownership opportunities for very low, low
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and moderate income persons by creating new affordable
homeownership housing units in the City. SHIP Program
funds will be used for the cost of land acquisition, site
development, construction and permanent financing
associated with the development of affordable housing
units. SHIP Program funds utilized under this strategy
for construction by the developer can be converted into
down payment, mortgage buy -down or closing costs
assistance to the homebuyer of the newly constructed
housing units. Housing projects assisted through this
program can receive financial assistance up to $40,000
per unit.
Section 6. The City Commission finds that five percent
of the local housing distribution and program income is
insufficient to adequately pay the necessary costs of
administering the Plan.
Section 7. The administrative cost limit for
implementation of the City of Miami SHIP Program is increased
from five percent to ten percent of the SHIP Program funding
allocation.
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Section 7. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.Z1
PASSED AND ADOPTED this 14th day of March , 2002.
MANDEL A. DIAZ, M R
ATTEST:
6?" , -. . -'V" �.
PRISCILLA. A. THOMPSON
CITY CLERI-1
APPROVE T`FORM AND CORRECTNESS:
dFANDRO VILARELLO
Y ATTORNEY
W6054:tr:LB
iy If the Mayor does not sign this Resolution, it shall become effective
at the end of ten calendar days from the date it was adopted and
passed. If the Mayor vetoes this Resolution, it shall not become
effective unless the City Commission overrides the veto.
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.= ijl
INCDRP ORATED
18 96
City of Miami
STATE HOUSING
INITIATIVES PARTNERSHIP
PROGRAM
(SHIP)
r LOCAL HOUSING
ASSISTANCE PLAN
FISCAL YEARS 2001- 2002,2002- 2003,2003- 2004
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City of Miami
State Housing Initiatives Partnership_ (SHIP) Program
LOCAL HOUSING ASSISTANCE PLAN
State Fiscal Years 2001/2002/2003
TABLE OF CONTENTS
Page
SECTION 1. PROGRAM DESCRIPTION 1
a. Participating Local Government 1
b. Program Description 1-2
c. Plan Period 2
d. Public Input and the Local Housing 2-3
Assistance Plan and Development Process
e. Support Services 3
SECTION II. INTERLOCAL AGREEMENT 3
SECTION III. LOCAL HOUSING PARTNERSHIPS 4
a. Development of Partnerships 4
b. Strategies To Reduce Cost 4-5
SECTION IV. HOUSING STRATEGIES 5
la, SHIP Single Rehabilitation Program 5
a. Strategy Description 5
b. Strategy Period 5
c. Income Category to Be Served 5
d. Selection Criteria 5-6
e. Recapture Provisions 6-7
f Leveraging 7
g. Strategy Implementation 7
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2b,
Homebuyers Financing Program
7
a.
Strategy Description
7-8
b.
Strategy Period
8
c.
Income Category to be Served
8
d.
Selection Criteria
8-9
e.
Recapture Provisions
9
f.
Leveraging
9-10
g.
Strategy Implementation
1.0
3c. SHIP Single Family Replacement Housing Program
a. Strategy Description
b. Strategy Period
c. Income Category to Be Served
d. Selection Criteria
e. Recapture Provisions
f. Leveraging
g. Strategy Implementation
4d. SHIP Homeownership Development Program
a. Strategy Description
b. Strategy Period
c. Income Category to Be Served
d. Selection Criteria
e. Recapture Provisions
f. Leveraging
g. Strategy Implementation
SECTION V. TIME TABLES
C. Timetable for State Fiscal Year 2001-2002
d. Timetable for State Fiscal Year 2002-2003
C. Timetable for State Fiscal Year 2003-2004
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10-11
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11
11-12
12-13
13
13
14
14
14
14
14-15
15-16
16-17
17
18-21.
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SECTION VI. LOCAL HOUSING INCENTIVE STRATEGIES
Incentive 1. Expedited Permitting for Affordable Housing Projects
Incentive 2. Review of Legislation, Policies and Plans that Impact
Affordable Housing
Incentive 3. Impact Fee Waiver / Exemption
Incentive 4. Interim Proprietary and General Services Fee Waiver/
Exemption
Incentive 5. Reduction of Parking and Setback Requirements
Incentive 6. Interim Proprietary and General Services Fee Waiver/
Exemption
SECTION VII. AFFORDABILITY
a. Homeownership
SECTION VIII. ADVERTISEMENT AND OUTREACH
a. Outreach Strategies
b. Advertisement
SECTION IX. ADMINISTRATIVE EXPENSES
a. Responsible Agency
b. Administrative Budget
c. Certification to Florida Housing Finance Corporation
SECTION X. ADDITIONAL INFORMATION
C. Housing _Delive1y Goals Chart Fiscal Year 2001-2002
C. Housing Delivery Goals Chart Fiscal Year 2002-2003
C. Housing_ Delivery Goals Chart Fiscal Year 2003-2004
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21
21
22
22
22
22
22
22-23
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23
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24
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24
25-26
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29
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City of Miami
State Housing Initiatives Partnership (SHIP) Program
LOCAL HOUSING ASSISTANCE PLAN
State Fiscal Years 20011200212003
SECTION 1. PROGRAM DESCRIPTION
a. Participating Local Government
The City of Miami, a municipal corporation established under the laws of the State of Florida has
developed its Local Housing Assistance Plan (hereinafter referred to as the "Plan") to comply with
the requirements of the William E. Sadowski Affordable Housing Act. This Plan describes the
activities the City of Miami will undertake to meet the affordable housing needs of its very low, low
and moderate -income residents, as defined in section 420.9071, Florida Statutes, using State
Housing Initiatives Partnership Act (SHIP) funds in accordance with the requirements of Section
420.907 of the Florida Statutes and Chapter 67-37 of the Florida Administrative Code.
On July 7, 1992, the William E. Sadowski Affordable Housing Act was signed into law. The
centerpiece of this legislation is the State Housing Partnership Act which provides a dedicated
revenue source to state and local governments to facilitate the creation of public/private partnerships
whose purpose is to preserve the existing housing stock and stimulate the production of new
affordable housing.
b. Program Description
For State of Florida Fiscal Years FY 2001-2002, FY 2002-2003, and FY 2003 — 2004, the City of
Miami will use 90% of its SHIP allocation to undertake various homeownership activities designed
to enhance and facilitate the development, purchase and maintenance of housing units in the City.
These housing strategies and activities will be carried out through the SHIP assisted Single Family
Rehabilitation Program, Homebuyers Financing Program, Single Family Replacement Housing
Program and Home -ownership Development Program
These activities will involve the construction, reconstruction, rehabilitation and acquisition/purchase
of housing to be occupied by very low, low and moderate income households and homeowners with
incomes at or below 120% of the area median income, adjusted for family size. The remaining 10%
will be used to cover administrative expenses associated with implementation of the SHIP Program.
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In accordance with Section 420.9075(4)d, Florida Statutes, of the total SHIP Program funds
allocated, 30% will be set aside for very low income households and 30% will be set aside for low
income households. The remainder of the funds will be allocated for very low, low and moderate
income households.
The program strategy focuses on assistance to very low, low and moderate income persons or
households, as defined in Section 420.907, Florida Statutes as follows:
Very low income - one or more natural persons or a family that has a total annual gross
household income that does not exceed 50% of the median annual income adjusted for
family size for households within the Metropolitan Statistical Area.
• Low-income - one or more natural persons or a family that has a total annual gross
household income that does not exceed 80% of the median annual income adjusted for
family size for households within the Metropolitan Statistical area.
Moderate income - one or more natural persons or a family that has a total annual gross
household income that does not exceed 120% of the median annual income adjusted for
family size for households within the Metropolitan Statistical Area.
The Department of Community Development staff will perform mid -year and end of year
monitoring to ensure compliance with the program statutory requirements in accordance with
Chapter 67-37, Florida Administrative Code.
c. Plan Period
The City of Miami Local Housing Assistance Plan will cover a three (3) year period inclusive of,
State Fiscal Years 2001-2002, 2002 — 2003 and 2003 --- 2004. This Plan and any plan amendments
will become effective immediately upon adoption by the Mayor and City Commission and
subsequent approval by the Florida Housing Finance Corporation.
d. Public Input and the Local Housing Assistance Plan Development Process
In developing its Local Housing Assistance Plan, the City of Miami implemented an extensive
Citizen Participation process that included a series of public meetings at the City wide Community
Development Advisory Board level, culminated by six (6) Public Hearings held in individual City
Commission districts. The Districts Public Hearings were co-chaired by the Chairperson of the
Citywide Community Development Advisory Board and the City Commissioner representing each
`of the City's five (5) districts.
The Districts Public Hearings represented a new concept in the City of Miami's planning process to
develop its U. S. Department of Housing and Urban Development approved Five (5) Year
Consolidated Plan (1999-2004). At each of the Pubic Hearings, recognized professionals in the area
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of Housing, Economic Development, Public Services and Workforce Development were invited to
present objective testimonies in their area of expertise intended to provide pertinent insights to the
general public, Advisory Board Members and elected officials. At each of the Pubic Hearings,
citizens were provided on opportunity to contribute input regarding the City's proposed housing
strategy.
In addition, public notices were placed in the local multi-lingual, multi -cultural newspapers of
major circulation requesting input from citizens and all interested parties in the development of this
three (3) year Local Housing Assistance Plan.
This Plan outlines the housing programs and strategies which will be implemented on an annual
basis to assist the City of Miami in addressing its housing needs utilizing the S1111.1 funds and how
those objectives will be accomplished. The housing strategies outlined in the Local Housing
Assistance Plan are consistent with the City's Five (5) Year Consolidated Plan (1999 — 2004).
e. Supportive Services
Each applicant that applies for assistance under the SHIP Programs will receive assistance,
counseling and referral to other programs that provide services they may need. The City of Miami
will work with members of the Housing Partnership to provide support services to those
residents/homeowners participating in the various housing programs. Services include, but are not
limited to:
• Assistance/referral to Legal Services of Miami, Inc. to homeowners who have title problems
or outstanding liens that would prohibit their participation in the program.
• Referrals to other agencies and programs to applicants that do not qualify for assistance.
• Assist horneowner(s) participating in the Single Family Rehabilitation and Single Family
Housing Replacement Programs throughout the rehabilitation /reconstruction process, from
the time of application until project completion.
• Referrals to consumer credit clinics and homebuyer counseling programs provided by local
lenders and non-profit organizations.
• Referrals to the Office of Workforce Development for employment and job training.
• Referrals to the appropriate local agencies for fair housing assistance, information and
counseling.
• Legal aid referrals for counseling and guidance on other legal matters.
SECTION II. INTERLOCAL AGREEMENT
This plan is not governed by an inter -local agreement
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SECTION HI. LOCAL HOUSING PARTNERSHIPS
a. Development of Partnerships
The City of Miami has developed and worked in Partnership with various non-profit and private for
profit housing developers and agencies to facilitate the production and rehabilitation of affordable
housing units in the City, The City of Miami works in partnership with various community housing
development organizations and community development corporations that include the following
agencies:
• Allapattah Business Development Authority, Inc.
• BAME Development Corporation of South Florida, Inc.
• CODEC, Inc.
• East Little Havana Community Development Corporation
• Miami Beach Community Development Corporation
• Greater Miami Neighborhoods, Inc.
• Habitat for Humanity of Greater Miami, Inc.
• Little Haiti Housing Association, Inc.
• Jubilee Community Development Corporation
• St. John Community Development Corporation
In addition, the City of Miami works with local lenders and Realtors, Fannie Mae, Local Initiatives
Support Corporation (LISC), Model City Affordable Housing Planning Work Group, Miami -Dade
Housing Agency, Consumer Credit Counseling Services and many other service providers to
provide referrals, services, expertise and resources to better serve the residents of this community.
These organizations will be encouraged to continue to participate in program activities and to assist
in program implementation.
b. Strategies to Reduce Cost
• Thi City of Miami will work closely with Miami Dade County's Office of Economic and
Community Development and Miami Dade Housing Agency to leverage available financial
resources in the financing of affordable housing projects sponsored by not-for-profit and for-
profit housing developers planned in the City,
+ The City of Miami will allocate funds under the federally funded Community Development
Block Grant (CDBG) and Home Investment Partnership (Home) Programs to fund a
Residential Emergency Grant Program and expansion of the Single Family Rehabilitation
Homebuyers Financing Programs. These programs will assist in reducing the overall cost of
funds needed to assist properties under the various strategies assisted with SHIP Program
funds.
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• Assistance will be provided in the form of deferred payment loans to prevent additional cost
burdens on very low, low and moderate income households and ensure that homeowners can
remain in their homes after the assistance is provided.
SECTION IV. HOUSING STRATEGIES
Ia. SHIP Single Family Rehabilitation Program
a. Strategy Description
The Single Family Rehabilitation Program will provide rehabilitation assistance to very low, low
and moderate income residents who live in single family owner -occupied properties located within
the corporate limits of the City of Miami. The property must require needed repairs to meet the
decent, safe and sanitary standard and must not be in violation of any housing codes after
rehabilitation.
The City of Miami, Department of Community Development will be the primary agency
responsible for the implementation of the Local Housing Assistance Plan Strategy.
b. Strategy Period
The strategy identified in this section will be used to carry out the Housing Assistance Plan for State
Fiscal Years 2001 — 2002, 2002 — 2003, 2003 — 2004. The three (3) year strategy will cover
homeownership activities.
C. Income Category to be Served
Available SHIP funds shall be reserved for housing units occupied by income eligible persons or
households. To comply with the overall requirements under Chapter 67-37 of the Florida
Administrative Code, eligible persons or households will be very low, low and moderate income.
d. Selection Criteria
All recipients of assistance must meet the eligibility requirements as stipulated in the Florida
Statutes, Florida Administrative Code, the SHIP Ordinance, Resolution and this Plan. Eligible
housing includes single family homes, owner -occupied town houses or twin homes only.
Manufactured housing and mobile homes are not eligible for assistance under this program. The
properties to be assisted must be owner -occupied and located within the corporate limits of the City
of Miami.
"Applications will be processed on a first -came -first serve basis from all applicants meeting the
selection criteria, subject to funding availability and in such a manner as to comply with the
statutory requirements.
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• Applicants with household income above (120%) of the median area income limit are
ineligible for SHIP assistance under this strategy.
• Staff will review actual performance data on a continuous basis to ensure that adjustments
are made as necessary to remain in compliance with funding requirements.
Other selection criteria will include the following:
• The property shall consist of one (1) owner -occupied residential unit.
• Preference will be given to eligible disabled and elderly (62 years or older) households and
homeowners.
• The property must be located in the City of Miami.
• The appraised value of the home may not exceed the maximum sales price (value) allowed
under the SHIP Program.
• The property must require needed repairs to meet the decent, safe and sanitary standard and
must not be in violation of any housing codes after rehabilitation.
• The maximum amount of financial assistance to be provided may not exceed the lesser of
(1) the actual cost of rehabilitation or (2) $40,0 DO-JZ5,000.
• The applicant may not be delinquent on any debt owned to the City of Miami or Miami -
Dade County.
C. Recapture Provisions
Financial assistance to be provided under the SHIP Single Family Rehabilitation Program will be
provided to eligible disabled and elderly 62 years or older households and homeowners in the
form of a zero (0%) percent, ten (10) year deferred payment loan secured by the property, that will
be forgiven ten (10%) percent per year while the homeowner continues to own and occupy the
property as their principal residence. There are no monthly payments associated with this loan. In
the event the property receiving financial assistance is rented, leased or sold during the ten (10) year
period, the pro -rata balance of the loan must be paid back to the City of Miami.
In the event of death of all eligible homeowner(s), the heirs to the property can assume the
obligation based on the original terms and conditions provided to the homeowner as long as the
heirs qualify based on age, income and household size, remain owner occupants of the property and
"do not sell or rent the property for the remaining term of the mortgage and note. A heir or
prospective purchaser who does not qualify based on the provisions of this strategy will be required
to repay the balance of the outstanding loan amount provided by the Cily of Miami at an interest
rate as stated in writing at the time of closing/title transfer. Homeowners who qualify and receive
assistance must execute a Deferred Payment Loan Mortgage and Note that will be filed with the
Miami -Dade County Clerk of the Circuit Court for compliance with the recapture provisions for the
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program. Financial assistance to other eligible homeowners will be provided in the form of a low
interest loan ranging from zero percent_(01/6) to three percent 3% for fifteen 15 ears based on
the homeowner's income and household size. Homeowners who qualify_and.receive assistance
must execute a Mortgage and Note that will be filed with the Miami -Dade County Clerk of the
Circuit Court for compliance with the recapture provisions for the program.
L Leveraging
The City of Miami will also use its HOME Program funds from the U.S. Department of Housing
and Urban Development expand the availability of funding available for this strategy thereby
leveraging the SHIP funds.
g. Strategy Implementation
The City of Miami, Department of Community Development will be the primary agency
responsible for carrying out this strategy under the Housing Assistance Plan and does not anticipate
the use of a sponsor to carry out program activities. However, if the need for a sponsor should
arise, the City of Miami will use a Request for Proposals process in accordance with Chapter 67-
37.005(6)b(7) Florida Administrative Code to select an eligible sponsor. Eligible persons, sponsors
or other recipients of assistance under this program will be required to contractually commit and
comply with all SHIP Program requirements.
Request for proposals will be accepted from both for-profit and not-for-profit corporations.
Proposals received will be reviewed based upon a selection criteria which include but not be limited
to the following:
• The not-for-profit corporation must have received a tax exempt ruling from the Internal
Revenue Service (IRS) under Section 501c of the Internal Revenue code;
• The for profit corporation must be organized and established under the laws of the State of
Florida.
• The not-for-profit or for-profit corporation must have financial accountability standards that
permit the Department of Community Development to account for and audit Sl -IIP funds;
• The organizational capacity and experience of the not-for-profit or for-profit corporation in
administering home renovation and/or homebuyers financing programs;
• The soundness of the proposal;
• The cost per family to administer the program.
2b. Homebuyers Financing Program
a. Strategy Description
The City of Miami through the Homebuyers Financing Program will provide downpayment, closing
cost and/or second mortgage financing assistance to eligible persons and households who are first
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time homebuyers to purchase a newly constructed or existing residential properties within the City
of Miami. The strategy will be available to assist very low, low and moderate income residents to
purchase a single family home, town home or condominium.
b. Strategy Period
The strategy identified in this Section is a three (3) year strategy covering the State Fiscal Years
2001 — 2002, 2002 — 2003, 2003 — 2004.
c. Income Category to be Served
Available SHIP funds shall be reserved for eligible persons and households. To comply with the
overall requirements under Chapter 67-37 of the Florida Administrative Code, thirty percent (30%)
of the SHIP funds will be set-aside for persons or households who are very low-income. Another
thirty percent (30%) of the SHIP funds will be set-aside for persons or households who are low-
income. The remaining SHIP funds will be used to assist persons or households who are very low,
low and moderate income.
d. Selection Criteria
All recipients of financial assistance must meet the eligibility requirements as provided in the
Florida Statutes, Florida Administrative Code, SHIP Program Ordinance, Resolution, the Plan and
this Strategy. Eligible housing includes single family homes, a townhouse or a condominium unit.
Mobile homes are not eligible for assistance under this program. The properties to be purchase
must be located within the corporate limits of the City of Miami.
Participants shall be first time homebuyers. A first time homebuyer is defined as someone who has
not owned a home within the last three (3) years.
Applicants will be processed from an existing waiting list, on a first come first serve basis, subject
to funding availability and in such a manner as to comply with the statutory requirements.
• Applicants with household incomes above one hundred twenty (120%) percent of the
median area income limit are ineligible for SHIP Program assistance under this strategy.
• Staff will review actual performance data on a continuous basis to ensure that adjustments
are made as necessary to remain in compliance with SHIP funding requirements.
• Eligible properties are those where the proposed sales price or value, based on an appraisal
performed by a state certified appraiser of a new or existing home purchased or rehabilitated
using SHIP Program funds, does not exceed 90% of the median area purchase price for
either new or existing housing as applicable, for the area where the housing is located, as
approved by the Florida Housing Finance Corporation. Maximum sales price for a newly
constructed unit is $4!9;433 158 855 and $1419 $148,466 for an existing unit.
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• SHIP funds for this strategy may be used for downpayment, closing cost, second mortgage
financing and repairs. Properties receiving financial assistance under this strategy that are in
need of minor repairs, the repairs must be completed within twelve (12) months immediately
after the purchase closing. SHIP funds. allocated to address repairs will be deposited into art
escrow account at the time of closing and disbursed once the rehabilitation of the unit is
completed. The City of Miami retains the right to inspect the repairs that have been
completed on the property.
Monthly mortgage payments, including taxes and insurance shall not exceed thirty (30%)
percent of an amount representing the percentage of the area's median annual gross income
for the household, unless the first mortgage lender is satisfied that the household can afford
mortgage payments in excess of the thirty (30%) percent benchmark, based on the first
mortgage loan approval.
• The maximum amount of financial assistance to be provided may not exceed $40,000
$25,000.
e. Recapture Provisions
Financing assistance to be provided under the SHIP Homebuyers Financing Program will be
provided in the form of a ° , ten (10) year deferred payment loan seetired by the
property,
that will be fe.-b-ilive-A-Aa
w" this jean. in the event the preperty reeeiving finaneial assistanee is fen�ed, !eased or sold
dufing �he ten (10) year period, the pro r -ata balanee of the loan must be paid baek to the City of
Mir low interest loan ranginy, from three percent 3% to five ercent 5% over a fifteen 15
or twenty 20 year period secured by the property. The financial assistance provided may become
due and pgyable to the City if the property is leased or sold to a subsequent homebuyer or
refinancing by the current homeowner. In the event of death of all eligible homeowner(s), the heirs
to the property can assume the obligation of the OFigiflal ownef as iong as the heirs are inealne
eligible, based on the ori inal terms and conditions provided to the homeowner as long as the heirs
qualify based on age, income and household size. remain owner occupants of the property and do
not sell or rent the property for the remaining term of the mortgage and note. A heir who does not
qualify based on the provisions of this strategy will be required to repay the balance of the
outstanding loan amount provided by the Cid of Miami at an interest rate as stated in writingat the
time of title transfer. Homeowners who qualify and receive assistance must execute a Defefr'ed
Payment Loan -Mortgage and Note that will be filed with the Miami -Dade County Clerk of the
Circuit Court for compliance with the recapture provisions of the program.
L Leveraging
The City of Miami will also use its HOME Program funds from the U. S. Department of Housing
and Urban Development to expand the availability of funding available for this strategy, thereby
leveraging the SHIP funds.
p2- 321
The City of Miami will also use loan(s) provided by the first mortgage lender to leverage its SHIP
Program funds. The City will also encourage lenders to use bond programs provided through
Miami -Dade County's Housing Finance Agency, and programs administered by Metro -Miami
Action Plan (MMAP) and Miami -Dade Housing Agency that make available funds to assist
homebuyers with second mortgage -financing, down payment, closing cost assistance, reduction of
interest rates, fees and points. Participating lenders will be those who submitted letters of interest to
the City under the SHIP and HOME assisted Homebuyers Financing Programs.
g. Strategy Implementation
The City of Miami, Department of Community Development will be the primary agency
responsible for carrying out this strategy under the Housing Assistance Plan and does not anticipate
the use of a sponsor to carry out program activities. However, if the need for a sponsor should
arise, the City of Miami will use a Request for Proposals process in accordance with Chapter 67-
37.005(6)b(7) Florida Administrative code to select an eligible sponsor. Eligible persons, sponsors
or other recipients of assistance under this program will be required to contractually commit and
comply with all SHIP Program requirements.
Request for proposals will be accepted from both for-profit and not-for-profit corporations.
Proposals received will be reviewed based upon a selection criteria which include but not be limited
to the following:
• The not-for-profit corporation must have received a tax exempt ruling from the Internal
Revenue Service (IRS) under Section 501c of the Internal Revenue code;
The for profit corporation must be organized and established under the laws of the State of
Florida.
• The not-for-profit or for-profit corporation must have financial accountability standards that
permit the Department of Community Development to account for and audit SHIP funds;
The organizational capacity and experience of the not-for-profit or for-profit corporation in
administering home renovation and/or homebuyers financing programs;
• The soundness of the proposal;
• The cost per family to administer the program.
3c. SHIP Single Family Replacement Housing Program
'a. Strategy Description
The Single Family Replacement Housing Program is designed to address substandard and
dilapidated housing units that the cost of repairs or poor housing conditions cannot be addressed
through the SHIP and HOME assisted Single Family Rehabilitation Programs.
10 02- 321
Under this strategy, only single family residential property/(ies) which are beyond repair and unsafe
for human habitation will be provided assistance. The SHIP Program Housing Inspection Unit
determine the economic feasibility (cost) of the rehabilitation and soundness of the structure, in
consultation with the City of Miami Building Department.
The SHIP funds will be used to defray the cost of temporary relocation expenses, demolition of the
dilapidated structure, soft and hard construction costs associated with the reconstruction of the new
home. This strategy will be used primarily to assist existing owners of single family homes where
the most appropriate solution to their housing problem would be to demolish the existing structure
and replace it with a newly constructed housing unit on the exiting lot.
b. Strategy Period
The strategy identified in this Section is a three (3) year strategy covering the State Fiscal Years
2001— 2002, 2002 —2003,2003 — 2004.
C. Income Category to be Served
Available SHIP funds shall be reserved for income eligible persons and households who occupy the
property as their principal residence. To comply with the overall requirements under Chapter 67 of
the Florida Administrative Code, eligible persons and households will be very low, low or moderate
income.
d. Selection Criteria
All recipients of financial assistance must meet the eligibility requirements as provided in the
Florida Statutes, Florida Administrative Code, the SHIP Program Ordinance, Resolution, the Plan
and this Strategy. Eligible housing includes single family owner -occupied homes that have been
determined by the housing inspector, in consultation with the Department of Building, to be beyond
repair, unsafe for human habilitation and suitable for demolition. Mobile homes or manufactured
homes will not be a type of replacement home offered under this strategy. The properties to be
assisted must be the primary residence of the owner and the property must be located within the
corporate limits of the City of Miami.
Applicants will be processed from an existing waiting list, on a first come first serve basis, subject
to funding availability and in such a manner as to comply with the statutory requirements:
• Applicants with household income above (120%) percent of the median area income limit
are ineligible for SHIP assistance under this strategy.
Staff will review actual performance data on a continuous basis to ensure that adjustments
are made as necessary to remain in compliance with SHIP funding requirements.
02— 321
For eligible persons or households who are building a new home on land that they own, a
State -certified Appraiser will determine the sales price or value of the newly constructed
unit. The appraisal must include the land value and the after construction value of the
property and must be dated within twelve (12) months of the date construction is to
commence.
The amount of the financial assistance provided will be the full cost of demolition,
temporary relocation and reconstruction of the property, to include hard and soft costs, not to
exceed $75,000.
s The following costs associated with this strategy are eligible:
Hard costs, which are typical and customarily viewed as construction cost(s) by
institutional lenders;
2. Payment of impact fees;
3. Infrastructure fees typically paid by the developer;
4. Construction soft cost such as architectural and engineering fees, appraisals, if directly
related to housing construction.
5. Temporary relocation cost associated with the reconstruction of the home.
e. Recapture Provisions
The financial assistance provided under this strategy will be provided in the form of a zere--(Q�
pereeRl interest defeffed payment loan see�ired by the propetly, that will be for -given ov.ef -- fifileft.-
(15) yeaf per -ii -ed fireem- the date of lean elesing. There is no monthly payment asseeia*d with this
low. a low interest loan ranging from three percent 3% to five percent 5% over a fifteen 15 or
twenty (20) year period secured by the property. The financial assistance provided may become
due and payable to the City if the prot)erty is leased or sold to a subsequent homebuyer or
refinancinw by the current homeowner. Persons or households that qualify and receive financial
assistance must execute a Mortgage and Note that will be filed with the
Miami -Dade County Clerk of the Circuit Court for compliance with the recapture provisions for the
program. This mortgage will remain against the property for fifteen (15) or twenty (20) years from
the date of the loan closing.
The assistanee pr-evided iinder- this strategy will be forgiven --on a pro rata basis over- a fifteen (15)
year- 4erm, as loiig as the heusing unit is owned and eee*ed by the . If the property
is rented, leased or sold during the fifteen (15) or twenty (20) year period, then the pro -rata balance
remaining on the original loan will become due and payable to the City of Miami at that time. If4he
12
U2-- 321
rented,0 0
prepefty is not !eased or- seld during the fifteen (15) years, the loan shall be release in full.
In the event of death of all eligible homeowner(s), the heirs to the property can assume the
obligation based on the original -term and conditions provided to the homeowner as long as heirs
qualify based on age, income and household size of clic original owner a5 long as the heirs are
income eligible, remain owner -occupants of the property and do not sell or rent the property for the
remaining term of the mortgage and note. A heir who does not qualify based on the provisions of
this strategy will be required to repay the balance of the outstanding loan amount provided by the
Cit, of Miami at an interest rate as stated in writing at the time of closing/title transfer.
f. Leveraging
The City of Miami will use Community Development Block Grant funds as needed for eligible
program expenditures.
g. Strategy Implementation
The City of Miami, Department of Community Development will be the primary agency
responsible for carrying out this strategy under the Housing Assistance Plan and does not anticipate
the use of a sponsor to carry out program activities. However, if the need for a sponsor should
arise, the City of Miami will use a Request for Proposals process in accordance with Chapter 67-
37.005(6)b(7) Florida Administrative code to select an eligible sponsor. Eligible persons, sponsors
or other recipients of assistance under this program will be required to contractually commit and
comply with all -SHIP Program requirements.
Request for proposals will be accepted from both for-profit and not-for-profit corporations.
Proposals received will be reviewed based upon a selection criteria which include but not be limited
to the following:
• The not-for-profit corporation must have received a tax exempt ruling from the Internal
Revenue Service (IRS) under Section 501c of the Internal Revenue code;
• The. for profit corporation must be organized and established under the laws of the State of
Florida.
• The not-for-profit or for-profit corporation must have financial accountability standards that
permit the Department of Community Development to account for and audit SHIP funds;
• The organizational capacity and experience of the not-for-profit or for-profit corporation in
administering home renovation and/or homebuyers financing programs;
si The soundness of the proposal;
• The cost per family to administer the program.
13 02- 321
4d. SHIP Homeownership Development Program
a. Strategy Description
The SI -IIP Homeownership Development Program is designed to promote and create affordable
homeownership opportunities for very low, low and moderate income families and individuals.
SHIP Program funds reserved for this strategy will be used to assist not-for-profit and for profit
housing developers or the City. SHIP funds reserved for this strategy will be utilized by the City of
Miami to finance the project cost associated with site development, hard and soft construction
financing and permanent financing associated with the development of affordable housing units by
not-for-profit housing developers or the City.
b. Strategy Period
The strategy identified in this Section will be used to carry out the Local Housing Assistance Plan
for State Fiscal Years 2001 -- 2002, 2002 — 2003, 2003 — 2004.
c. Income Category to be Served
Available SHIP funds shall be reserved to assist affordable housing projects, which will provide
housing for eligible persons and households. To comply with the overall requirements under
Chapter 67-37 of the Florida Administrative Code, thirty (30%) percent for persons or households
who are very low-income. Another thirty percent (30%) of the SHIP funds will be set-aside for
persons or households who are low-income. The remaining SHIP funds will be used to assist
persons and households who are very low, low and moderate income.
d. Selection Criteria
SHIP funding under this strategy will be awarded through a competitive Request for Proposals
(RFP) process. Through the City of Miami's solicitation, proposals will be received from for-profit
and not-for-profit housing developers for the construction of new affordable housing units targeted
for very low, low and moderate income families and individuals.
All housing developers applying for financial assistance under the strategy will be awarded SHIP
funding using criteria, including, but not limited to the following:
• Financial capacity and strength of the not-for-profit or for-profit housing developer;
• Ability of not-for-profit or for-profit housing developer to complete the housing project by
the expenditure deadline requirements established by the SHIP Program and State of
Florida;
• Ability to document/demonstrate that construction will be underway within six (6) months
from the date of funding award by the City;
• Firm evidence of site control;
14
02- 321
C
• Document and/or identify other project financing from other public and/or private sources
which would leverage financial assistance provided by the City at a minimum of one (1) to
three (3) for homeownership projects as stipulated by City of Miami's Resolution No. 98-
587 adopted June 9, 1998.
Consistency with the City of Miami's Five Year Consolidation Plan (1999 — 2004) and SHIP Local
Housing Assistance Plan (2001 — 2004).
All recipients or households that will receive housing or assistance under this strategy once the
housing project has been completed, must meet the eligibility requirements as stipulated in the
Florida Statutes, Florida Administrative Code, the SHIP Program Ordinance, Resolution, the Plan
and this strategy. Eligible housing types under this strategy includes single family homes, a
townhouse or a condominium unit. The properties to be developed and purchased by the targeted
households must be located within the corporate limits of the City of Miami.
The non -for-profit or for-profit housing developer(s) must sell the newly constructed housing units
to an eligible household on a first come first-served basis using the same criteria as described in the
Homebuyers Financing Program previously enumerated in this Plan.
• The following expenditures shall qualify and will be eligible under this strategy:
1. Those hard costs which are typical and customarily treated as construction costs by
institutional lenders;
2. Construction staff costs, such as architectural engineering studies and appraisals, if
directly related to housing construction;
3. Infrastructure expenses typically paid by the developer;
4. Payment of impact and permitting fees.
S. Costs associated with land acquisition and site development.
• A maximum of up to $40,000/unit in financial assistance may be received for housing
projects assisted through this strategy.
e. Recapture Provisions
The financial assistance provided under this strategy to the developer may be provided as a low
interest rate loan or in the form of a grant which will be determined based on the economic
feasibility and affordability of the housing project(s) to be assisted with SHIP funds. The assistance
provided under this strategy will be provided in the form of a construction loan at three — six (3% -
6%) percent and there will be no monthly payments associated with the loan during the construction
Is 02— 321
phase. Once the developer has successfully completed the construction and all the housing units are
purchased and occupied by eligible homebuyers, the City of Miami will fully satisfy the developer's
obligation to the City in connection with the financing of the project. Financial assistance made to
the developer as a grant will also be satisfied upon completion of the construction phase and all the
housing units have be marketed and occupied by eligible homebuyers.
Financial assistance provided to a project in the form of permanent second mortgage financing for
the homebuyers will be provided to eligible households based on the same criteria as described in
the Homebuyers Financing Program Strategy as previously outlined in this Plan.
Finaneing assistanee !a be provided under the S141P Hemebtiyer-s Finaneing Program will b
0
that will be forgiven ten a
property,
and eeeupy +I-- prepe-y as their prineipal residenee. There are no fnenthly payments asseeiat
dufing the ten (10) year pefiod, the pro r -ata balanee of the lean must be paid baek to the lity of
Miami. In the even4 of dea4h of all eligible hem vaief(s), !be heirs io the -
ebliga4iefi ef the original Owner- as long as the heirs afe ineOffie eligible, refflffia Owner- eeet1PantS-&f
the pfepet4y and Ele not sell or r-ent the pr-opei4y for the remaining term of the mortgage and note-.
and Note that will be filed vAth the Miami Dade Geun�y Glefk of the Gifeiiit Ceti# ___ coMplianee
with the ree ;ions of the Pfegram.
SHIP funding to be provided by the City of Miami under the Homeownership Development
Program strategy will be awarded through a Request for Proposal process.
Any SHIP Program allocation including the term of the loan will be recommended by City staff to
the City's Housing and Commercial Loan Committee for approval/disapproval based on the
following criteria:
• Project feasibility and ability of the developer/sponsor to commence construction within six
(6) months funding award.
• Evidence of available of construction and first mortgage financing.
Consistency with the City's Five (5) Year Consolidated Plan (1999-2004).
• Ability to demonstrate project will be affordable to low and moderate income households.
E Leveraging
The City of Miami will also use its HOME Program funds from the U. S. Department of Housing
and Urban Development to expand the availability of funding available to undertake the strategy,
thereby leveraging its SHIP funds. Under this strategy, private construction and permanent
financing, in addition to financing from other public and private sector and private foundation
sources, such as Miami -Dade Housing Agency, Miami -Dade County's Housing Finance Agency,
16
02-~ 321
•
Fannie Mae, Federal Home Loan Bank of Atlanta, John S. and James L. Knight Foundation and
Local Initiatives Support Corporation (LISC), will be leveraged to ensure that the housing to be
constructed will be affordable to very low, low and moderate income families and individuals.
g. Strategy Implementation
The City of Miami, Department of Community Development will be the primary agency
responsible for carrying out this strategy under the Housing Assistance Plan and does not anticipate
the use of a sponsor to carry out program activities. However, if the need for a sponsor should
arise, the City of Miami will use a Request for Proposals process in accordance with Chapter 67-
37.005(6)b(7) Florida Administrative Code to select an eligible sponsor. Eligible persons, sponsors
or other recipients of assistance under this program will be required to contractually commit and
comply with all SHIP Program requirements.
Request for proposals will be accepted from both for-profit and not-for-profit corporations.
Proposals received will be reviewed based upon a selection criteria which include but not be limited
to the following:
• The not-for-profit corporation must have received a tax exempt ruling from the Internal
Revenue Service (IRS) under Section 501c of the Internal Revenue code;
• The for profit corporation must be organized and established under the laws of the State of
Florida.
• The not-for-profit or for-profit corporation must have financial accountability standards that
permit the Department of Community Development to account for and audit SHIP funds;
• The organizational capacity and experience of the not-for-profit or for-profit corporation in
administering home renovation and/or homebuyers financing programs;
• The soundness of the proposal;
• The.cost per family to administer the program.
17
02- 3 21
TIMETABLE FOR STATE FISCAL YEAR 2001-2002
Local Govemment: City of Miami
Directions: Type in the applicable years across the top line.
List Program Activities down left hand side. Type in on ")r
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 toFHFC(September 75th)
3198
TIMETABLE FOR STATE FISCAL YEAR 2002.2003
Local Govemment: City of Miami
dXex ZOf1ii1€102 �a r 2D07120D3 s
vgtarr r _
AeUvrtles .,,.•: ikontli Y . 6. 9 •.,1do, -1� 12 ,1 2 '`° ,+> 5 6 1.. -:8 9 IB U: 32- i 3. 4 .4 6_'' 6 . 4
2QU3i20Q4 r w ; ReFtfain 20
12'
C�
I
Advertise Availability of Funds
x I
I
(
I
I
r
Application Period On Goings
x x x x x x x x x x z' x x x z z x
�
�
I
Start Program Year
x
r
nnual Repot to FHFC
I x
I
I x
�
( x
I
Mid -Year ReviewlAdjustrnents
x x
I
�
x x
I
End-YearReviewlAdjuslments
x '
�
x
I
x ,
I
I xI----------
I
r
Encumtxance Deadline
r4
�
I (
r
x l,:
Expenditure Deadline
I
I
�
x�
Final Program Review
I
�
i
Directions:
Type in the applicable years across the top line.
.
List Program Activities down left hand side. Type in an")('
be initiated completed.
on applicable activity line under month and year the activity will or
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)3W
'r
TIMETABLE FOR STATE FISCAL YEAR 2003 - 2004
Local Government: City of Miami
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 fallowing end of State Fiscal Year)
3) Expenditure of funds (24 months fallowing end of State Fiscal Year).
41 Submit Annual Report to FHFC (September 15th)
0
3198
0
N
SECTION V. TIME LINE FOR EXPENDITURES
See the attached timeline
SECTION VI. LOCAL HOUSING INCENTIVE STRATEGIES
On October 10, 1996, the City of Miami Commission adopted the City of Miami's Affordable
Housing Incentive Plan (AHIP), in compliance with Ordinance No. 11253, Resolution Nos. 95-188
and 95-305, Florida Administrative Code and Section 420.9076 of the Florida Statutes, based on the
recommendations of the City of Miami's Affordable Housing Advisory Board.
The Affordable Housing Incentive Plan, as adopted, provides developers of affordable housing
projects with a number of local incentives that are intended to expedite the pre -development process
and reduce certain cost(s) in connection with the production of affordable housing projects in the
City of Miami.
The following incentives are available in the City of Miami:
Incentive 1. Expedited Permitting for Affordable Housing Projects
• Priority is given to affordable housing developments by expediting the permitting process.
The City of Miami Department of Community Development works closely with the
Building Department in assisting developers through this process. Developers of affordable
housing projects whose projects have been certified as affordable by the City of Miami
Department of Community Development are eligible for certain incentives that assist with
expediting the permitting process. Prior to presenting the project's building plans to the
Department of Building for the plan review process, developers are able to schedule a pre -
construction meeting with the Department of Building. A pre -construction meeting is
attended by a representative from each of the plan review sections. This meeting provides
the developers with information and suggestions that will better prepare them for the plan
revision process. Once the building plans have gone through the plan review process,
developers can schedule a "Joint Review" meeting, also attended by a representative of each
ofihe planning review sections, to address the comments made by the plan reviewers. This
process can shorten the permit approval process by 15 days. There is no charge for this
service to developers of certified affordable housing projects.
Incentive 2. Review of Legislation, Policies and Plans that impact
Affordable Housing.
The Department of Community Development conducts on-going reviews of actions being
considered by the City of Miami's Planning Advisory Board, Zoning and Code Enforcement
Boards and the City Commission that are being considered and may have an impact on
affordable housing.
02- 321
21
Incentive 3. Impact Fee Wavier / Exemption
• Affordable housing projects are exempted from the payment of Development Impact Fees,
as stipulated in Ordinance No. 10426, adopted April 25, 1998. The Department of
Community Development is required to certify to the Department of Building that the
proposed housing project(s) will be affordable to low and moderate income families and
individuals, which results in the developer securing an exemption from the impact fees.
This incentive is functioning as intended.
Incentive 4. Interim Proprietary and General Services Fee Waiver / Exemption
• Affordable housing projects are exempted from the payment of interim proprietary and
general services fees as stipulated in Ordinance No. 010705, adopted February 7, 1990. The
Department of Community Development is required to certify to the Department of Building
that the proposed housing project(s) will be affordable to low and moderate income families
and individuals which results in the developer securing an exemption from the above
mentioned fees. This incentive is functioning as intended.
Incentive S. Reduction of Parking and Setback Requirements
• Affordable housing projects are afforded an opportunity to receive a reduction in parking by
the City of Miami, as stipulated in Section 917.5 of Ordinance No. 110000. The
Department of Planning and Zoning is responsible for facilitating this incentive for providers
of housing affordable to low and moderate income. This incentive is functioning as
intended.
Incentive 6. Interim Proprietary and General Services Fee Waiver / Exemption
• Affordable housing projects are exempted from the payment of construction debris removal
fees as stipulated in Ordinance No. 11725, adopted November 17, 1998. The Department of
Cammunity Development is required to certify to the Department of Building that the
proposed housing project(s) will be affordable to low and moderate income families and
individuals which results in the developer securing an exemption from the from the
aforementioned fee. This incentive is functioning as intended.
SECTION VII. AFFORDABILITY
. a. Homeownership
The gross annual household income limits, as established by HUD and distributed by the
Florida Housing Finance Corporation, adjusted for family size, will be used to determine
applicant eligibility for the program. (These limits are subject to change.)
22
02- 321
2. The housing shall be considered affordable when the monthly mortgage payments including
taxes and insurance does not exceed 30% of that amount which represents the percentage of
the area median annual gross income for very low income households (50% or less), low
income households (80% or less) and moderate income households (not to exceed 120%)
adjusted for family size.
SECTION VIII. ADVERTISEMENT AND OUTREACH
a. Outreach Strategies
The City of Miami will use several outreach strategies to inform local residents of the SHIP
resources available under the Local Housing Assistance Plan. The goal will be to ensure that
residents have one or more avenues to access and receive information about the availability
of program resources. The City of Miami has an existing back log of applicants who will be
processed first, based on the availability of SHIP funding.
All additional outreach efforts will include advertisement in multi-lingual, multi-ethnic
newspapers of general circulation to inform potential applicants that the City of Miami has a
current backlog of applicants waiting for rehabilitation and homebuyer assistance. All
applicants responding to the advertisement will be added to the end of the waiting list, and the
assistance will be provided on a first-come first-served basis.
The City's overall outreach efforts will include advertisement in multi-lingual, multi-ethnic
newspapers of general circulation, flyers placed at strategic locations throughout the City
including the Office of Workforce Development, Department of Community Development's
Satellite Offices, various Neighborhood Enhancement Team (NET) Offices and offices of
members of the Housing Partnership. Additional outreach will be carried out through
programs on the City's Net Channel 9 (cable) and staff presentations at various homebuyer's
seminars and community meetings.
b. Advertisement
The City of Miami will publish an advertisement in multi-lingual, multi-ethnic publications
outlining the availability of SHIP funds in a local newspaper of general circulation at least 30
days prior to the application period. All advertisements or flyers disseminated to the public
will advise potential applicants that there is an existing backlog (waiting list) for assistance
and all applicants who wish to participate under the program will be added to the end of the
waiting on a first-come first -serve basis.
23
®2- 321
•
SECTION IX. ADMINISTRATIVE EXPENSES
a. Responsible Agency
•
The City of Miami Department of Community Development will be primarily responsible for
the implementation of the housing strategies. Staff functions include applicant intake,
qualification and underwriting of homeowners and homebuyers, inspections, preparation of
documents, and implementation of the strategy from commencement to project completion.
b. Administrative Budget
Up to 10% SHIP funds shall be used for administrative expenses under the SHIP Program.
ADMINSTATIVE
EXPENSES
FY' 2001-2002
FY' 2002-2003
FY' 2003-2004
SALARIES
$1851974
$185,075
$195,074
1,185-.,075
$185,074
$185,075
ADVERTISING
$3,500
$33500
$35500
OFFICE SUPPLIES
$2,500
$2,500
$23500
TOTAL
$191�094
$191075
$1919094
$191075
$1.91075
za
02.,. 321
•
SECTION IX: CERTIFICATION
•
CERTIFICATION TO
FLORIDA HOUSING FINANCE CORPORATION
Local Government: City of Miami
(1) The local government will advertise the availability of SHIP funds pursuant to Florida
Statutes.
(2) All SHIP funds will be expended in a manner which will insure that there will be no discrimination on the
basis of race, creed, religion, color, age, sex, familial or marital status, handicap, or national origin.
(3) A process for selection of recipients for funds has been developed.
(4) The eligible municipality or county has developed a qualification system for applications for awards.
(5) Recipients of funds will be required to contractually commit to program guidelines.
(b) The Florida Housing Finance Corporation will be notified promptly if the local
government (or interlocal entity) will be unable to comply with the provisions the plan.
(7) The Local Housing Assistance Plan shall provide for the expenditure of SHIP funds within 24 months
following the end of the State fiscal year in which they are received.
(8) The plan conforms to the Local Government Comprehensive Plan, or that an amendment to the Local
Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance
with the Local Housing Assistance Plan.
(9) Amendments to the approved Local Housing Assistance Plan shall be provided to the
Corporation with in 21 days after adoption.
(10) The trust fund shall be established with a qualified depository for all SHIP funds as well as moneys
generated from activities such as interest earned on loans.
(11) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law.
(12) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local
governments audited financial statements, copies of the audits will be forwarded to the Corporation as soon
as available.
13) An interlocal entity shall have its local housing assistance trust fund separately audited
for each state fiscal year, and the audit forwarded to the Corporation as soon as possible.
25
02- 321
Page 2
Certification
(14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies.
Witness
Witness
Date
OR
Attest:
(Seal)
Chief Elected Official
Manuel Diaz, Mayor
N1
02- 321
Allocation Breakdown
$0 00 50-00
0 0 ': $0 00 $0-OOT$191,075.00
FLORIDA HOUSING FINANCE CORPORATION
htotal 2 (Non -Home Ownership) 0
--:
1fl-00%
ministration Fees
s0.00
HOUSING DELIVERY GOALS CHART
min. From Program Income
$9.90
plow '°
mership CouuseEing > -
ddift
l
90.0%
MID TOTAL
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR: 2001 - 2002
Sw.orla2 ra•NAF�aNe f+wulq 35
A—dmaet
Percentage Con StructionlRehah
cakalors canstrJsehab Pem,et by adding Grad Tm*I Corms Aae, the. div de by A.naar Allocation Amt 84.77%
Maximum Allowable
Firc.l Yr, CSaaaaot
New $119,4391 Existing $113418:
Purchase Price:
Available Funds:
$1,310,749
Name of Local Government:
A
e
C
0
E
F
I
NtRIE�f�1N1� M$HEiy
uu
I� SHIP �Q .:''::ix x aelr baVoUacrM>e
�Rip
B.hatRlymt
Ytalmot_G.�nocq a
t8#SI
tom
Total
-- - -.:..:YT.,
Ims
: --Valu_
-.,,lAn4ed
SH7P>?a]3drt :'
-; $BIP belftn:
-'.-$FI1('EiV11$rs_ -
PereMm9tr :
-Ilaits -
_:7:0....-
18 $25,900 4 $25,000 $0.09
$1,344,674.06
$0.00
51,344,674.00
70.37%
54
1. S"w¢eFamilySAAffitatia.Program
32
$25,000
3 $25,000 1 $25,000 $50,400.00
$9.90
5100.000-00
$150,000.00
7.85%
6
2- Hom.loyarFinaacfagProgram
2
525,000
1 $75,000 1 $75,000 $150,000.00
$75,000-00
$0.00
$225,000,00
11.78%
3
3. SingkFamilgAapEacamaatNsgProgram
1
$75,000
6. HameownxshiPVevela nelr[Program
0
$49.0 a a $40,909 0 $40,009 $0.00
$0.00
$0.00
$0-00
0.09%
D
1
i
35
22 6 $200,000.00
$1,419,674.00
$190,009.00
$1,719,674.00
90%L_63
i
Subtotal t (Home Ownership)
{
eRnst
-
':
I;: USira
' ::pwed .'-: U ldl� : Aaai'd - .:Unr4t _-: '.i A,1.►r+f - -
-':SrePDehar, - :
�� 5plPbalrii
:_-,SHIRiMIIa�S :.
7srrorrat.;-
a sa 0 0 $0.00
$0.06
$0.00
$0.011
0.09%
o f
0
$D
0 5u O 0 $0.00
$9.90
$0.09
$0.00
0.00%
9 E
0
$0
t N
Allocation Breakdown
$0 00 50-00
0 0 ': $0 00 $0-OOT$191,075.00
x.00°6 0
htotal 2 (Non -Home Ownership) 0
--:
1fl-00%
ministration Fees
s0.00
9.99%
min. From Program Income
$9.90
9.aD%
mership CouuseEing > -
ddift
;.
90.0%
MID TOTAL
6 $200,000.00 $1419,67400 $100,00000 $1,910749.00
Sw.orla2 ra•NAF�aNe f+wulq 35
Percentage Con StructionlRehah
cakalors canstrJsehab Pem,et by adding Grad Tm*I Corms Aae, the. div de by A.naar Allocation Amt 84.77%
Maximum Allowable
New $119,4391 Existing $113418:
Purchase Price:
Allocation Breakdown
Amount
Very -Low Income
$919,614 00
48.1%
Low Income
seOD,DD0.00
31 u%
Moderate Income
$200,000.00
10.5�a
TOTAL
$1,719,674.00
90.0%
Projected Program Income: s9 60. Max Amount Program Income For Admin:
Proiected Recaptured Funds: 50!19
Distribution: S F,910, 749.00
Total Available Fundr. $1,91€1,749.00
i 05 Feb -02 04 53 PM
0
Name of Local Government
4
)A
t Single Femilg Rehah7dfien Program
2. iiameterryee Financing P -9—
I. Single Family RW—fft NSA P7DgFm
. . . . . . ship D..Wp—t P-9—
;ubtotal I (Hunte Ownership)
TRA
T
FLORIDA HOUSING FINANCE CORPORATION
HOUSING DELIVERY GOALS CHART
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR: 2002 - 21103
Available Funds: --r $1,910,749
A
ja:: 1W
IN.
32 $25,000 18 $25.000 4 $25,000 $0.00 s 1,344.674.00
2 $25,000 3 $25,000 1 $25,000 $50,300.00 $0.00
1 $75,900 1 1 1 $75,000 1 $75,009. $ 150,000.00 475,090.00
540,000 0 1 $40,0001 0 1 $40,000 1 $0-00
:-:::: J
35 22 6 :7 $200,00.90
$1,419.674.00 $100,000-00
$1,719,674.00 1
90% 63
New Plaw
48.1%
Low Income
$600,000.00
Amendment
Moderate Income
W
W 5%
F-1 Y,. M—ft
90.0%
. ita!li5HlPadiareFL
Vd :7
$0.00
$0.0.0 $0.09
C
D
E
F
$a,00
00
50.00
$1,344,674.00
70.37%
54
$150,000-00
7.85%
6
$0.00
$225,000.00 1
11.78%1
3
$9,00
$0-00 1
0.00961
a
:-:::: J
35 22 6 :7 $200,00.90
$1,419.674.00 $100,000-00
$1,719,674.00 1
90% 63
5919,674.00
48.1%
Low Income
$600,000.00
31.4
Moderate Income
W
W 5%
TOTAL
90.0%
. ita!li5HlPadiareFL
Vd :7
$0.00
$0.0.0 $0.09
$0.00
0.00% 0
$a,00
00
Allocation Breakdown
Amount
%
Very -Low Income
5919,674.00
48.1%
Low Income
$600,000.00
31.4
Moderate Income
$200,000.00
W 5%
TOTAL
90.0%
Projected Program Income: $0.09
14ax Amouni Program Income For Admin:
Projected Recaptured Funds: 30-00
Oistdbubon: $ 7,910.749.00
Titni Availablt Funds: $ 1,91 0,74R 00
4
05 -Feb 02 04:55 PM
lame of Local Government
Siegle Family R-h-hjfitW-- PI -F=_
Hhey.l Fi .. 6.9 Fmqn.
Sini, Family Repla .t Msg FrQql—
H—o--hiq D -ml -"-t Program
FLORIDA HOUSING FINANCE CORPORATION
HOUSING DELIVERY GOALS CHART
STRATEGIES FOR THE LOCAL HOUSIN13 ASSISTANCE PLAN FOR STATE FISCAL YEAR: 2003 - 2004
Available Funds- $1,910,749
A
32 $25,000 18 $25,0011 4 $25,1300 $100 $1,344,674.00
7 $25.000 3 $25,000 1 $25,000 550,00-00 $ . 0.00
1 $75,0001 1 1 $75,000 1 1 1 575F000 $150,000.0 575,000.90
0 $40,0001 91 S40,000 1 0 1 540.000 1 $0.00 $0.00
Yew Pitt
Ameednsent
54
6
Amount
22
IS
$2110,000.00
$1,419,674.00
$100,000.00
R=A Y,. Cl�.t
90%
wl
iubtatal1(HomeOwnership)
35
31A%
Distfibufinrr
C
Moderate Income
E
lc.fi%
Tafal Antlable FupdT.-
$1,910.749 00
TOTAL
$1,719,674.00
90.9A
$0.00
$1,344,674AO
70.37%
$109,000.00
$15000.011
7.85%-
2,00
$22500000
1178%1
$0.00
54
6
Ailocation Breakdown
Amount
22
IS
$2110,000.00
$1,419,674.00
$100,000.00
$1,719,674.00
90%
wl
iubtatal1(HomeOwnership)
35
31A%
Distfibufinrr
$1,910.749.00
Moderate Income
$200,000-00
lc.fi%
Tafal Antlable FupdT.-
$1,910.749 00
TOTAL
$1,719,674.00
90.9A
I
I i -
I 05 -Feb -02 G4 55 PM
I a
400 :
Total
$TRATEdt9, 7.
--7
TE.
:'SFflf PA"
7
So I P. JFGI IaM::::
$o
01
$0.00
$0.00
$0.00
$0.00
0,00%
a
0 0
$0.00
$O.Ofl
$0.00.
$0.00
0.00%
0 cv
0
$0.00
$0.00
$0-00
0-00
0.00%
0
Subtotal 2 (Non -Home Ownershipl
777
$191,075.00
10Z%
Ndministration Fees
$0.00
8.00%
Wmin. From Program Income
7
7 7
-00%
ip Counseling
A TOTAL
1:!::::7::T
221
6 .7 -7-
$200,900.00
$1,419,674.00
$100,000-00
$1,910.749.09
100.00%1
35
7!7:::
Percentage Cc nsttUCti0fl1Rebah
then do A—Mjo-&.Amt
84.77%
Maximum Allowable
New
$119,4391
Exist
Existing
$113,418
Purchase Price:
Ailocation Breakdown
Amount
%
Pmocted Program Income:
$000 Max Amount Frcgrarn income Far Admin:
14—
Very-Low Income
5919,674.00
481%
Projected Recaptured Funds:
$0.00
Low Income
$600,009.00
31A%
Distfibufinrr
$1,910.749.00
Moderate Income
$200,000-00
lc.fi%
Tafal Antlable FupdT.-
$1,910.749 00
TOTAL
$1,719,674.00
90.9A
I
I i -
I 05 -Feb -02 G4 55 PM
I a
RECOMMENDATIONS A `max"O�
TO CITY COMMISSIONT��=��
ON CDC FUNDING
1. LISC to create a SUMMIT between City of Miami and all CDCS
involved in City funding, among others, as requested by City
Commissioners on 317102.
2. Defer Administrative funding Policy Directives until after the
SUMMIT
3. Defer projects funding directives of Tier 1 & 2 until after SUMMIT
4. Latin Quarter funding not to be placed in any pool of funds (Project
under construction)
5. Casa Grande II funds to remain committed but can be moved to a pool
of funds that can be used for the next year.
-21
02- 321
CDBG AMOUN4111 FUNDED BY CITY OF MIAA*
AND PRODUCTIVITY
FY 1995 To FY 2001/2002
(6 YEARS AND 4 MONTHS)
TOTAL PRODUCTION 1995 - 2001 264 housing
& 25,000 sf
Commercial/Retail
UNITS COMPLETED 139
UNITS CLOSED 139
UN]TS UNDER CONSTRUCTION 45
UNITS UNDER PRE -DEVELOPMENT 80
Casa Grande I Retail/Commercial Space Completed - 5,000 sf
Latin Quarter Retail/Commercial Space Under Construction - 15,000 sf
Casa Grande H Retail/Commercial Space Under Pre -Development - 5,000 sf
NOTE:
Progress of projects are in direct compliance with East Little Havana CDC's
current Contractual obligations with the City of Miami, as indicated by the
Scope of Services attached to and made a part of the Contracts.
YEARS
CDBG AMOUNTS
1995196
$
50,000
1996197
$
100,000
1997198
$
100,000
1998199
$
250,000
1999100
$
422,340
2000101
$
325,000
1011101-9130/02
$
225,000
TOTALS $ 1,4 /L,34U
02-- 321
t i
East Little Havana CDC
Affordable Homeownership
Housing Developments
19952002
Rio Gardens Town homes
Sunrise Gardens
Riverside Gardens I & II
Casa Grande Tower I
Latin Quarter Specialty
Casa Grande Tower II
Total Units
22 Units
12 Units
25 Units
80 Units (59000 SF Comm.)
45 Units (15,000 SF Comm.)
80 Units (59000 SF Comm. Parking Garage)
264 Units (20,000 SF Comm.)
Total Cost of all Developments:
Total Potential Development Fees:
(To be provided by City as additional Federal grants/differed loans)
Total Actual Development Fee to ELHCDC:
Housing Administration Assistance From
HUDICDBG To ELHCDC from 1995-2002:
Total Savings to City Housing Federal Programs:
Total Value of New Housing Units to City Property Tax Base:
Total Estimated Annual Tax Revenue to City General Fund:
(Does not include, tax, licenses, fire fees, permits, certificate of uses and other fees charged
by the city to residential and commercial properties)
Annual Average Federal/CDBG Administration
Assistance to ELHCDC:
$32,064,000
$ 3,206,400
$ 0.00
$1,472,340
$1,734,060
$22,7049980
$209,000
$211,000
ELHCDC Total Estimated Annual Cost of Federal/HUD funds To City: $2,000
02- 321
No development fees Developer's Fees and
but CDBG City funds CDBG HOME SHIP
cover basic costs of From City Cover said
project development fees
staff
02-~ 321
A HOMEOWNERSHIP
DEVELOPMENT
OPTION I
OPTION 2
Low Income Area
Low Income Area
w/o Development Fees
with Development Fees
Project Development Cost
* Land
$
800,000
$
500,000
* Development Costs
$
9,200,000
$
9,200,000
* Developer's Fees
$0
$
1,500,000
TOTAL
$
10,000,000
$
11,500,000
Construction Financing
CDBG, HOME, SHIP
* From City of Miami
Deferred Loans/Grants
$
3,000,000
$
4,500,000
* Loans
$
7,000,000
$
7,000,000
TOTAL
$
7,000,000
$
7,000,000
Project Sellout/Proceeds
Appraised Market Sales
* Prices
$
7,000,000
$
7,000,000
Net Gain/Loss
* Project Sellout
$
7,000,000
$
7,000,000
* Project Cost
$
10,000,000
$
11,500,000
* Loss/Profit
$
(3,000,000)
$
(4,500,000)
* Loss covered by
$
3,000,000
$
4,500,000
Deferred Loans Above
Loan Payoffs
* Total Loans
$
7,000,000
$
7,000,000
* Total Sellout Proceeds
$
7,000,000
$
7,000,000
TOTAL
$0
$0
BREAK EVEN
BREAK EVEN
No development fees Developer's Fees and
but CDBG City funds CDBG HOME SHIP
cover basic costs of From City Cover said
project development fees
staff
02-~ 321
- s - ۥ
PROJECT FUNDING: RENTAL
S
UNITS
New Hope Overtown HOME $ 1,463,040.00 40
Miam]RiverPaW HOPWA
City of Miami
211
$ 8
MierrdRiver Park* HOME
$ 675,000.00
-
' Scattered Sites 5 0-
Bethel Arms HOW
S 425, 000.00
12
5 0 Scattered Sires-
13 -
$ 3,400,000.00
223
Department of Community Development
Housing Projects 21 - 27 Years
Developer Fees
$ 100,000.00
0
100
$
290,000.00
-
Agency Name
21 Year
a
/ o
/
° °
m
a/c
23 Year
m e 24 Year
°
m m
°
25 Year
1999-2000
m m
,�
o Fa/
26 Year
2000-2001
! m a i
$ / \me
a F�
27 Year 3 m
2001-2002 /Qp,e/
Total
Funding
Total
P
total
Com let
22 Year
_
1895.1996
ee�
1996-1997
_
Blue Lagoon
1997-1998
Fa 1998-1999
F°/
V` 4
_
4 4
] ]0
110
ed
ed
ARapattahBusness
5 75,000.00
104 104
5000000
$
50,000-00
S 62,50000
— —
S
104
_ _ $
50.00000
_ $
__ 50,000.00' _ $
387,500.00
100
Devefo menf Author
P dY
Fam lsfe Gardens
_$
52 0
-
Fern Isle Gardens
-_r
52 0
Fern isle Gardens
52 0 Fern Isle Gardens
52 52
-
-100
. Melrose Tawnhomes 111
46
_
Melrose iownhomes ti! 46
52
52
46
0 '
-
_
Ralph
21 0
RaAhPlaza I
21
RalphPfazal
21 0
Ralph Plaza 1 2T0
100
_Victoria
Vista Alegre Apts
100 '
_
0
Vista Alegre Apts 100.
0 Vista Alegre Apis 100_100
-Total:
100
100
Ralph Plaza Il
30 0
Ralph Plaza Il 30 0
30
0
560
514
Total.,
103
52
Fern Isle Gardens
CDBG $
200, 000.00
52
Ralph Plaza I
HOME $
625,450.00
21
Ralph Plaza 1: DwRI mt Asst.
SHIP S
105,000.00
-
Ralph Plaza 11
Ralph Plaza 11,DwnPVAsst
HOME S
SHIP S
1,230,00(1.00
150,000.00
30
$
2,310,450.00
103
SAME Development Corp.
$ 50.000.00
$
50,000.00
$....
5000000.
$ 62.500.00
$_--.
48,296.00
._. $
$
82,76200 $
393,577.00'
_...._
.,2
of South Aorida Inc.
New Ho Overtown
..._
40 0
New Ho Overtown
40 0
._--
New Ho Overtown
_,
40 0 New Ho Overtown
40 0
New Ho Overtown
40 0
-
X50,019.00
New Ho Overtown
40 0
Mew Ho a Overtown 40 0
P
40
0 _
-- - - -
-_
-
-
_.
Total:
40
0
- s - ۥ
PROJECT FUNDING: RENTAL
S
UNITS
New Hope Overtown HOME $ 1,463,040.00 40
Miam]RiverPaW HOPWA
$ 2,300,00000
211
$ 8
MierrdRiver Park* HOME
$ 675,000.00
-
' Scattered Sites 5 0-
Bethel Arms HOW
S 425, 000.00
12
5 0 Scattered Sires-
13 -
$ 3,400,000.00
223
DEFUNDED
Developer Fees
$ 100,000.00
0
3 Coconut Grove LDC $ 50, 00000 S
50, 000.00
S
$
S 42.194.00
Melrose I, !I, &Ill
$
- $
$ 8
192,194.00
Bond Funds $ 1,898,808.00 150
HurderRfverwatkApts
' Scattered Sites 5 0-
Scattered Sites 5 - 0
-
.50,0x.00
_ Scattered Sites
5 0 Scattered Sires-
13 -
0
DEFUNDEO
DEFUNDED
Total., '
13 1.
0
100
$
290,000.00
410
A.0 Inc. $ 50,000.00 $
50,000.00
$ 5,00000
$ 70,733.00
$ 145,560.00
-
$
223,319.00
S 229,00000 $
814,612.00
-
Blue Lagoon 110 0
_
81ue Lagoon 110 0
_
Blue Lagoon
110 110
_
] ]0
110
Melrose I & 11 104 0
Melrose ! & ll 104 0
Melrose I & f!
104 0 Melrose 1& Il
104 104
104
104
HunferRiverwalkApts
: 100 0 Hunter RiverwalkApts
100
_. _
100
foo
-100
. Melrose Tawnhomes 111
46
0
Melrose iownhomes ti! 46
0 Melrose Tawnhomes 111 46 0
46
0 '
-
. Residenfial
100
0
Victoria Residential 100
0 Victoria Residential 100 100
100
100
_Victoria
Vista Alegre Apts
100 '
_
0
Vista Alegre Apts 100.
0 Vista Alegre Apis 100_100
-Total:
100
100
560
514
•s er - o.
PROJECT FUNDING: RENTAL
UNITS
Melrose I, !I, &Ill
Bfue Lagoon
- $
-
110
Bond Funds $ 1,898,808.00 150
HurderRfverwatkApts
- S
-
100
Victona Residenda!
HOME $
150,000.00
100
VlstaAlegreApts
HOME $
140,000.00
100
$
290,000.00
410
Page ] of 4
5 EasfLittleHavana, CDC iS 50,000.001
Sunrise Gardens
City of Miami
-
$
100,0M-00. $
__$ 422,340.00,1
_
Department of Community Development
,
461,860.00
22
_---
RioGa22
ens
Housing Projects 21 - 27 Years
......._. ...-.
__....200,0(10001
-..
.__
- _._--
Year 22 Year
Agency Name ' 1995.1996 o� 199fr1997
-
y 23 Year
o ¢1997.1998
_
29 Year 25 Year
o° 1996-1999 S4
F _.._ 1999-2000
m
Q e� 2000.2001
//r4 n
B 20012002
/ ?/�
g ed Cam�let
PondmProp. p21
14�-e
_..
12
om
.4
�o�
U
4Q
5 EasfLittleHavana, CDC iS 50,000.001
Sunrise Gardens
S
-
$
100,0M-00. $
__$ 422,340.00,1
_
a. r,9z4sw.w
,
461,860.00
22
_---
RioGa22
ens
22
......._. ...-.
__....200,0(10001
-..
.__
22
22_..
...
Sunrrsa Gatdens
12
0
._.
Surtdse Gardens 12
_..
12
15
45
__..
CM
- -..--.
SHIP $
298,000.00
80
_..,. -
-
Riverside Gardens 1 10 10
..
',
_.
10
._ -
f0 •
Casa Gware!!
HOME $
2,023,60900
Riverside Gardens a 15 15 -.. -_
�
i � 15
15
Casa Grande Phase I'
80
0
Casa Grarde Phase I' 80
0
Casa Grande Phase I' 80 0 -
Casa Grande Phase l' 80 80
'
80
--
80
_
i Lahtt Qtr. Specnalry Gr"'"
45
0 I
Latin QV Sperralty Ctr"' 45
0 �
Latin Otr. Specialty C� 45 0
T-
._ 45 P Ity
Len Oft Speciafly Gfr"' 0 � Latin Qtr. S eaa GP" 45
_
0 _LaSn Qtr. S ra < Cl, -C 45
P� YY-^
Late W,
0 , __, 45.._
0 _
71-1P11-1Assistance
SHIP 5
- .
2
--� -
Casa Gtande Phase 11 80
0 nde PPhase�'�.� 80
0 Casa Gmrde Phase !1 80 0 --
0 80
0
-
i -__.
.�� --
__. .. —.-- _._ _
70taI: 264
139
'•Casa Grarde 1: 5, 000 s4.feet Commercial
.
i-
a Grande fl5 000 sq.feet Ca
�
Quarter SPeuaNy Cute- 15, 000 sq. feet Commercial
i -
'
'
'
49,804-00-
7 Florida Housing S Barcelona�PlOace 18 0 $ Barcelona ace 18 _0 $ 8araelonaPlace 18 0 50,000.00 $ Barcelona Place 18 0 $ _.-Barcelona Place 18 0 S DEFUNDED I -„ f S DEFUNDED I S 262,ToG� 16 0
75.00 7
of Greater MianI4 ino. t.i18e Haiti Scatterad Sites 9 0 LMe Hadi Scaftered Sdes I 9 1 0 Little Hati Scattered Sites 9 9 Lffle Hadi Scattered sites 0 0 Edison/Little River 13 13 — -�r $ 578,9otal:
8 Ha_bitatforHumanity S 200,000.00 S 25,0'00.00 S 25,000.00 $ 62,50006 $ 74,47500 _ S 75,000.00 117,
- Overfown Scattered Sties 8 8 Scattered Sties �, 10 f0 Tatai:. 40 40
Page 2 of 4
Sunrise Gardens
- S
-
12
Rio Gardens
HOME S
461,860.00
22
Riverside Gardens l
HOME S
618,000.00
10
RiversideGartlensfl
Latin Quarter SpeciaVCenter
Latin quarte,- Spec. Ctr.(Land)
HOME S
CDBGSHP S
HOME S
951,536.00
2,600,000.00
1,037,000.00
15
45
CM
Casa Grande I
SHIP $
298,000.00
80
Casa Grande ff. DwnPmtAsst
SHIP $
554,626.00
-
Casa Gware!!
HOME $
2,023,60900
80
$
8,044,631.00
2114
� veelop�ment Corp.rC
50,00006
S Scattered es
S
5 01
Scatte ed S es
S 0 S5000.06 i$ Scattered S nes 5 0 ed Srf� 0 Scattered Silas 5 0800 $ 46,463M i _ Scatfe ed 5tes 5 2 $DEFUNDED
S 3061Total 1 l 2
71-1P11-1Assistance
SHIP 5
80,000-00
2
49,804-00-
7 Florida Housing S Barcelona�PlOace 18 0 $ Barcelona ace 18 _0 $ 8araelonaPlace 18 0 50,000.00 $ Barcelona Place 18 0 $ _.-Barcelona Place 18 0 S DEFUNDED I -„ f S DEFUNDED I S 262,ToG� 16 0
75.00 7
of Greater MianI4 ino. t.i18e Haiti Scatterad Sites 9 0 LMe Hadi Scaftered Sdes I 9 1 0 Little Hati Scattered Sites 9 9 Lffle Hadi Scattered sites 0 0 Edison/Little River 13 13 — -�r $ 578,9otal:
8 Ha_bitatforHumanity S 200,000.00 S 25,0'00.00 S 25,000.00 $ 62,50006 $ 74,47500 _ S 75,000.00 117,
- Overfown Scattered Sties 8 8 Scattered Sties �, 10 f0 Tatai:. 40 40
Page 2 of 4
Agency Name 21 Year
1995-1996
Pueblo del Sol
Rio del Sol
Jubilee Villas
10 Planned Devei
Pueblo del Sol
Rio del Sol
Jubilee ViOas
P 22 Year a� ma 23 Year
Pa 1996-1997 Fa F¢ 1997.1998
S $
HOME $ 500,000.00 44
HOME S 593,248.00 88
SHIP $ 1,200,000.00 30
$ 250,000.00
$
=000.00
$ 167,000.00
$ 1,067,000.00
City of Miami
Department of Community Development
Housing Projects 21 - 27 Years
24 Year 25 Year
J F° 1998-1699 ea FQ 1999.2000
Q V Q 4
$ 62,5X.00 $
Jubileo Villas 30 0 _ Jubilee Villas
r_ Plie ib del Sol
---�- Rio del Sal
m
n
m
26 Year '
27 Year
o E
2000.200'1 ea a
2001-2002
Q 4
4 ti
b ' ,
.,i 25 25
$
86,229.00
$
107,238.0(
0 0
Jubilee Villas 130
1 0
Jubilee Vllas
4
Pueblo del Sol 44 0 i
_Pueblo del Sol
R 0 1
Ria del Sol - 88 0
Rio del Sol
Total Total ,Total
Funding Propos Complet
ed ed
306,589.00
30 0
44 0
�..., qR- n
Cq
M
Cq
10
Little Haiti Housing $ 5,000.00
g
$ 80,000.00
T'
$ 50,000.00
S 61,500.00
Biscayne East Towea
S 49,9 . ' $ 91,44Fi. W
b ' ,
.,i 25 25
15
-
Association Inc. Idle Hadi Sca@ewd Sties 1
3
T
3 CABe Haiti Scattered Sites t
7 7 x cam red Sk.I 6
6 Little Haiti' Scattered Sties I
4
4 Haiti scattered Sties I 4 4
i�..
_ Lttle Hat Scattered Sties I
0
360, 000.00
_
.,
i.mle xam Scattered saes n
2
ittle
Ldle Hadi Scattered Sties it 20 0 s
—
20 0 20 0
�rB Hai S East
-
358, 000.00
25
-
_
e s caYne Ea odwe s 15
0
Tsit.owers
��._
15 0 15 0 1
60 25
Page 3 of 4
17-7.77=317r.7"RUNIa,NINNEEM
Biscayne East Towea
HOME $
50,000.00
15
ScaOered Sties Il
HOME $
360, 000.00
20
Scattered &es I
CDBG S
358, 000.00
25
Scattered Sites I {Land)
$
91,641.00
$
1,309,641.00
60
ii :Mad Htousing —
Coo is ' !rta
$ --
$ $ 6000.00 $
-- ^„ Dr. Goob Villas i . 32 --F
62555A0 1 $
—Dr Godo Villas 32 0
5,000.0s 32 0 $
DC Godo Villas
—
$ 230,555al.
Dr. GodoyVll� 32 0 Total 32 0
DownpaymentAssistance
SHIP S
1,280,000.00
32
12 RataelHemandezHoosi
8 Cconomit Development
$ 50,000.00
Sc�tered Stes
6
$
0
200,000.00
Scattered Stes 6
0
$ 50,000.00 $ 62,50000
Scattered Sties 6 'I Sc eyed S tes
i $
6 1
48,728.00' $
Scattered S tes 5 0
49,501.001
Scat[ered Stes
$
5 0
E 460729.00
DEFUNDED Total: 1 6 1
=.'
SHIP S
200,000.00
5
Page 3 of 4
21 year /1 /
22 Year
Agency Name 1995-1996 e� 19961997 Fa
I
LSGJohnCOC., I $ 50,0'00.00 1 _1 1 $ 50,0w.00!
Lyric Vllage 15 0 Lyric Village 15 0
Ly77C Vtflaftc — SHIP $ 1,000,000.00 15
—Defunded
City of Miami
Department of Community Development
Housing Projects 21 ^ 27 Years
23 Year° $ 24 Year g$,
1997-1998 1990-1999
50,000.00 $ 52,500.00 S
Lvnc Vilfaae : 15 1 0 1 Lvnc 'llaae 15 0
V-4
q
4 q
�� �• �... �__ �� - Model 1 1, Scattered Sites 5 0 Madel Cdy Scattered Sites 1 5 0 Made! City Scattered Sties 5 2 1 DEFUNDED Total. 5 L
Totals:! $ 72500.00 b 755,000.09 $ 525,00.00 5 1,043,233.001,37k240.00S 1,146,398.00 S 972,000.00 $ 6,541,871.00 913 ! 775
rorals: TOTALS:
1STRA77ON $ 6,541,871.00
ICT COST. $ 17981,010.00
$ 24,522,881.00
PLANNED: 913
COMPLETED: 365
w
CT FINDING: RENTAL
'CT COST.- S 290,000.00
PLANNED. 410
COMPLETED., 4i0
Page 4 of 4
Totaf Tow
25 Year
16 Year
27 Year��FunTdohtalj'
Prop ICadet1999-2000
p
20002001
e `�2001-2002ed
c°¢
$
0age
$
LyricV0-liOage 15 0
LyricV1
15' 0 `$
DEFUNDE I.
V-4
q
4 q
�� �• �... �__ �� - Model 1 1, Scattered Sites 5 0 Madel Cdy Scattered Sites 1 5 0 Made! City Scattered Sties 5 2 1 DEFUNDED Total. 5 L
Totals:! $ 72500.00 b 755,000.09 $ 525,00.00 5 1,043,233.001,37k240.00S 1,146,398.00 S 972,000.00 $ 6,541,871.00 913 ! 775
rorals: TOTALS:
1STRA77ON $ 6,541,871.00
ICT COST. $ 17981,010.00
$ 24,522,881.00
PLANNED: 913
COMPLETED: 365
w
CT FINDING: RENTAL
'CT COST.- S 290,000.00
PLANNED. 410
COMPLETED., 4i0
Page 4 of 4