HomeMy WebLinkAboutR-00-0422J-00-383
5/3/00
RESOLUTION NO. 0 422
A RESOLUTION OF THE MIAMI CITY COMMISSION
AUTHORIZING THE CITY MANAGER TO DE -OBLIGATE
THE AMOUNT OF $853,727 IN FY' 1996-1997 AND
1998-1999 STATE HOUSING INITIATIVES
PARTNERSHIP ("SHIP") PROGRAM FUNDING
ALLOCATED TO SIX (6) COMMUNITY HOUSING
DEVELOPMENT ORGANIZATIONS ("CHDO'S") IN
CONNECTION WITH THE FINANCING OF SIX (6)
AFFORDABLE HOMEOWNERSHIP PROJECTS IN THE CITY
OF MIAMI, PURSUANT TO RESOLUTION NOS. 97-864
AND 99-424; AND DIRECTING THE CITY MANAGER TO
RE -ALLOCATE THE AFOREMENTIONED AMOUNT FOR THE
CONTINUED IMPLEMENTATION OF THE CITY'S SHIP
FUNDED SINGLE FAMILY REHABILITATION PROGRAM
AND FIRST-TIME HOMEBUYER'S FINANCING PROGRAM;
FURTHER DIRECTING THE CITY MANAGER TO
IDENTIFY AND REALLOCATE FUTURE YEAR SHIP OR
HOME PROGRAM FUNDS TO EACH OF THE HOUSING
ORGANIZATIONS ON AN INDIVIDUAL BASIS, AS EACH
ORGANIZATION SECURES THE BALANCE OF THE
PROJECT FINANCING NECESSARY TO COMPLETE
CONSTRUCTION ON THE RESPECTIVE HOUSING
PROJECTS.
WHEREAS, Resolution No. 97-864, adopted December 9, 1997,
approved the allocation in the amount of $1,439,150 in
FY' 1996-97 State Housing Initiatives Partnership ("SHIP")
Program funds to six (6) Community Housing Development
Organizations ("CHDO's") in connection with the development of
three (3) affordable housing projects in the Little Havana
neighborhood and three (3) affordable housing projects in the
Overtown neighborhood; and
CITY COMUSSION
MEETING OF
MAY 19 2000 .
Resolution No.
f�w 1
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WHEREAS, Resolution No. 99-424, adopted June 22, 1999,
approved the allocation in the amount of $414,577 in FY' 1998-99
SHIP Program funds to Florida Housing Cooperative, Inc. in
connection with the development of the proposed 18 unit Barcelona
Place Condominiums Project; and
WHEREAS, the SHIP Program guidelines require that each
year's allocation of funding is expended within two (2) years;
and
WHEREAS, based on the SHIP Program's definition for
"expended funds", funds are not considered spent until
construction on the housing project is completed, and the housing
units are sold and occupied by eligible families; and
WHEREAS, due to construction delays which have occurred on
several housing projects sponsored by Community Housing
Development Organizations ("CHDO's") previously allocated SHIP
Program funding by the City of Miami, the City has been cited by
the State of Florida for not being in compliance relative to the
Program guidelines regarding the timely expenditure of SHIP
Program funds; and
WHEREAS, Resolution No. 00-258, adopted March 23, 2000,
authorized the City Manager to de -obligate the amount of
$1,000,000 in FY' 1996-97 SHIP Program funds previously allocated
to the East Little Havana Community Development Corporation in
Page 2 of 5 "'
connection with the financing of the Latin Quarter Specialty
Center Project; and
WHEREAS, Resolution No. 00-258, adopted March 23, 2000,
further directed the City Manager to allocate the aforementioned
$1,000,000 in FY' 1996-97 SHIP Program funds to the City's SHIP
funded Single Family Rehabilitation and First -Time Home Buyer's
Financing Programs; and
WHEREAS, in an effort to further address the concerns
expressed by the State of Florida regarding the City's untimely
expenditure of prior year SHIP Program funding, it is recommended
that the City Commission de -obligate $853,727 in FY' 1996-1997
and FY' 1998-1999 SHIP Program funds previously allocated to six
(6) housing organizations, pursuant to Resolution No's 97-864 and
99-424 and re -allocate to the City's SHIP funded Single Family
Rehabilitation and First -Time Homebuyer's Financing Programs;
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 hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The amount of $853,727 in FY' 1996-1997 and
FY' 1998-1999 SHIP Program funds allocated to the following
Page 3 of 5 0 U_ ` 422
housing organizations pursuant to Resolution Nos. 97-864 and
99-424, respectively, are hereby de -obligated:
Section 3. The City Manager is hereby authorizedll to
reallocate the amount of $853,727 in FY' 1996-1997 and 1998-99
SHIP Program funds for the continued implementation of the City's
funded Single Family Rehabilitation of the City's funded Single
Family Rehabilitation and First -Time Homebuyer's Financing
Programs.
Section 4. The City Manager is hereby directed to
identify and reallocate future year SHIP or HOME Program funds to
each of the aforementioned housing organizations on an individual
basis as each organization secures the balance of the project
�i 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.
/�en� u
Page 4 of 5 � r ` 2d
Organization
Type of Assistance
Funding Year
Amount
1.
BAME Development
Downpayment/Closing
FY' 1996-97
$100,000
Corporation of
Cost Assistance
So. Florida, Inc.
2.
Jubilee Community
Downpayment/Closing
FY' 1996-97
$62,500
Development
Cost Assistance
Corporation
3.
Model Housing
Downpayment/Closing
FY' 1996-97
$62,500
Cooperative, Inc.
Cost Assistance
4.
DEEDCO, Inc.
Construction Financing
FY' 1996-97
$100,000
S.
St. John Community
Construction Financing
FY' 1996-97
$114,150
Development Corporation
6.
Florida Housing
Construction Financing
FY' 1998-99
$414,577
Cooperative, Inc.
Section 3. The City Manager is hereby authorizedll to
reallocate the amount of $853,727 in FY' 1996-1997 and 1998-99
SHIP Program funds for the continued implementation of the City's
funded Single Family Rehabilitation of the City's funded Single
Family Rehabilitation and First -Time Homebuyer's Financing
Programs.
Section 4. The City Manager is hereby directed to
identify and reallocate future year SHIP or HOME Program funds to
each of the aforementioned housing organizations on an individual
basis as each organization secures the balance of the project
�i 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.
/�en� u
Page 4 of 5 � r ` 2d
financing necessary to complete .the construction of the
respective housing projects.
Section 5. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor."
PASSED AND ADOPTED this 11th day of May , 2000.
JOE CAROLLO, MAYOR
In accordance with Miami Code Sec. 2-36, since the Mayor did not indicate approval of
this legislation by signing it in the designatedact' i rovidn.d. paid legis tion no+rr
becomes effective with the elapse of ten (1 r3}'. "(7:ue of Com � eon action
regarding same, without the 4a�ciexe in veto. n
ATTEST:
WALTER J. FOEMAN
CITY CLERK
AND CORRECTNESS:?/'
ATTORNEY
W4348:RCL
City Clerk
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 5 of 5 -
0 CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO: The Honorable Mayor and Members DATE : MAY — 2 2-3!0 PILE:
of the City Commission
SUBJECT: Resolution De -obligating $853,727
In SHIP Program Funds
FROWA W W blia W REFERENCES:
City Manager City Commission Agenda
ENCLOSURES: Meeting of May 11, 2000
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached resolution,
authorizing the City Manager to de -obligate $853,727 in FY' 1996-97 and 1998-99 State
Housing Initiatives Partnership (SHIP) Program funding previously allocated to six (6)
Community Housing Development Organizations (CHDO's) in connection with the financing of
six (6) affordable homeownership projects in the City, pursuant to Resolution No.s 97-864 and
99-424.
The attached resolution further directs the City Manager to re -allocate the aforementioned
amount for the continued implementation of the City's SHIP funded Single Family
Rehabilitation and First -Time Homebuyer's Financing Programs.
BACKGROUND:
In December of 1997, through Resolution No. 97-864, the City Commission allocated
$1,439,150 in FY' 1996-97 State Housing Initiatives Partnership (SHIP) Program funds to six
(6) Community Housing Development Organizations (CHDO's) in connection with the
development of three (3) affordable homeownership projects in the Little Havana neighborhood
and three (3) affordable homeownership projects in the Overtown neighborhood.
In June of 1999, through Resolution No. 99-424, the City Commission re -allocated $414,577 in
FY' 1998-99 SHIP Program funds to Florida Housing Cooperative, Inc. to develop the proposed
18 unit Barcelona Place Condominiums Project in the Little Havana neighborhood.
The SHIP Program guidelines require that each year's allocation of funding from the State of
Florida must be expended within two (2) years. Based on the SHIP Program's definition for
"expended funds", funds are not considered spent until construction on the housing project is
C7
The Honorable Mayor, and
Members of the City Commission
Page 2
Ll
completed, and the housing units are sold and occupied by the eligible families. Due to
construction delays which have occurred on the above mentioned housing projects, the
City has been cited by the State of Florida for being out of compliance relative to the
program guidelines regarding the timely expenditure of SHIP Program funds.
To address the concerns expressed by the State regarding the City's expenditure of SHIP
Program funds in a timely matter, at the September 28, 1999 City Commission meeting,
the Department of Community Development submitted legislation for the City's revised
Local Housing Assistance Plans for the periods covering fiscal years 1995-1998 and
1998-2001 for consideration and approval. With the adoption of Resolution No. 99-705,
the City Commission approved the City's modified Local Housing Assistance Plan,
which has resulted in the expansion of the number of housing assistance programs
available to very low, low and moderate income families residing in the City of Miami.
Two (2) of the new programs include the First -Time Homebuyers Financing Program and
the Single Family Rehabilitation Program. The First .Time Homebuyer's Financing
Program provides down payment, mortgage buy down or closing cost assistance to
qualified very low, low and moderate income households, to assist in the purchase of a
newly constructed or existing residential properties within the corporate limits of the
City. The Single Family Rehabilitation Program provides rehabilitation assistance to
very low, low and moderate households that currently occupy and maintain their homes
as their principal residence. A maximum of up to $40,000 in financial assistance is
available to eligible households through both programs.
The de -obligated FY' 1996-97 and 1998-99 SHIP Program funds for the proposed six (6)
housing projects will be used to address the increased demand for financial assistance
through the City's Single Family Rehabilitation and First -Time Homebuyer's Financing
Programs. Most importantly, these programs provide the City with a viable solution to
satisfy the State of Florida's requirements regarding the timely expenditure of the 1996-
97 and 1998-99 SHIP funding in question.
The attached resolution further directs the City Manager to identify and reallocate future
year SHIP and/or Home Program funds to each of the six (6) housing organizations on an
individual basis as each housing organization secures the balance of the project financing
necessary to complete the construction of their respective housing projects.
In an effort to address the concerns expressed by the State of Florida, it is recommended
that the City Commission adopt the attached resolution.
JFL/GC W/JBH
TEL: Vis. Apr 17'00 7:55 No.001 P.08
J-97-873
12/2/97
RESOLUTION NO. 9 7- 8 6 4
A RESOLUTION, RELATING TO THE DEVELOPMENT OF
APPROXIMATELY 107 UNITS OF AFFORDABLE
HOUSING IN THE LITTLE HAVANA NEIGHBORHOOD BY
THE EAST LITTLE HAVANA COMMUNITY
DEVELOPMENT CORPORATION, MODEL HOUSING
COOPERATIVE, INC. AND JUBILEE COMMUNITY
DEVELOPMENT CORPORATION AND 214 UNITS OF
AFFORDABLE HOUSING IN THE OVERTOWN '
NEIGHBORHOOD BY BAMS DEVELOPMENT
CORPORATION OF SOUTH FLORIDA, DEEDCO, INC. AND
ST. JOIN COMMUNITY DEVELOPMENT CORPORATION;
AUTHORIZING THE CITY MANAGER TO ALLOCATE
FUNDING FROM THE CITY'S FISCAL YEAR 1996 - 197
STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM
FROM .PROJECT ACCOUNT CODES 153001-452160-946
AND 153002-452160-946 IN THE AMOUNT OF ONE
MILLION, FOUR HUNDRED THIRTY-NINE THOUSAND,
ONE HUNDRED FIFTY ($1,439,150.00) DOLLARS AND
MORE SPECIFICALLY STATED IN SECTION 2 OF THIS
RESOLUTION; AUTHORIZONG THE CITY MANAGER TO
EXECUTE INDIVIDUAL CONTRACTUAL AGREEMENTS,
IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
WITH THE AFORE -MENTIONED CHDOS FOR THIS
PURPOSE.
WHEREAS, there exists in the City of Miami, a severe shortage of affordable housing
for families and individuals of very low-, low- and moderate -income; and
WHEREAS, the City Commission recognizes that the participation of both the public
and private sectors are necessary to foster the development of housing affordable to very low-,
low- and moderate -income families and individuals in the City; and
DEC 0 9 07
GO- X22
TEL Apr 17'00 7:55 No.001 P.09
WHEREAS, Since August of 1995, the City of Miami has received on an annual basis,
approximately $1.3 million in State Housing Initiatives Partnership Program (SHIP Program)
funding; and
WHEREAS, in November of 1996, pursuant to Resolution No. 96-851, the City
Commission approved the City's Local Housing Assistance Plan required by the State of Florida,
for the City's continued participation in the State Housing Initiatives Partnership program; and
WHEREAS, through the City's Local Housing Assistance Plan, the City's SHIP
Program provides and makes available funding to not-for-profit Community Housing
Development Organizations (CHDOs)), for the purpose of site acquisition, site development,
construction and permanent financing, in connection with the development of affordable
homeownership units in the City; and
WHEREAS, approximately one million, two hundred fourteen thousand, one hundred
fifty ($1,214,150) dollars is available through the City's Homeownership Development Program,
and two hundred twenty-five thousand ($225,000.00) is available through the City's
Development/Closing Cost Assistance Program this fiscal year; and
WHEREAS, in October of 1997, the City of Miami advertised the availability of SHIP
Program funding in the amount of one million, four hundred thirty-nine thousand, one hundred
fifty ($1,439,150.00) for the development of affordable homeownership units in the City; and
WHEREAS, the City Administration recommends the allocation of funding from the
City's Fiscal Year 1996 - 1997 State Housing Initiatives Partnership Program (SHIP Program),
in the amount of one million, four hundred thirty-nine thousand, one hundred fifty
($1,439,150.00) dollars to East Little Havana Community Development Corporation, Model
Housing Cooperative, Inc., St. John Community Development Corporation, BAMS
TEL: Apr 17'00 7:56 No.001 P.10
Development Corporation of South Florida, Inc., DEEDCO, Inc. and Jubilee Community
Development Corporation,, in connection with the development of three hundred twenty-one
(321) units of affordable housing in the City.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble of this Resolution are
hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section.
Section 2. Funding from the City's FY 1996 - 1997 State Housing Initiatives
Partnership Program (SHIP) is hereby allocated for the purpose of providing project development
financing and downpayment/closing cost assistance to the following not-for-profit Community
Housing Development Organizations (CHDOs) listed in the amount as set forth. below:
Community Housing
Development Organizations: Type of Assistance: Amounts:
1. East Little Havana Community Construction Financing $1,000,000
Development Corporation
2. Model Housing Cooperative, Inc. Downpayment/Closing $ 62,500
Cost Assistance
3. BAMS Development Corporation of Downpayment/Closing $ 100,000
South Florida, Inc. Cost Assistance
4. Jubilee Community Development Downpayment/Closing $ 62,500
Corporation Cost Assistance
5. St. John Community Development Construction Financing $ 114,150
Corporation
6. DEEDCO, Inc. Construction Financing $ 100,000
3 _� ,
TEL: Apr 17'00 7:56 No.001 P.11
Section 3. The City Manager is hereby authorized` to execute individual contractual
agreements, in a form acceptable to the City Attorney, with the aforementioned Community
Housing Development Organizations (CHDOs), for the amount specified for each, for the
purpose of providing project development financing and downpaymenticlosing cost assistance in
connection with three hundred twenty-one (321) units of affordable homeownership housing in
the City.
Section 4. This Resolution shall become inunediately upon its adoption.
PASSED AND ADOPTED this 9th day of December , 1997.
ATTEST:
XAVIER SUAREZ, MAYOR
M accordance with Miami Code Sec. 2-36, since the Mayor did not Indicate approval of
this legislation by signing it in the designated place provided, said legislation now
becomes effective with the elapse of ten (10) days from the date of Commission action
regarding same, without the Mayor exercising 9 veto.
WALTER J. FOEMAN, CITY CLERK Wa Deman, City Cleric
CITY CLERK'S OFFICE
DEPARTMENT OF COMMUNITY DEVELOPMENT
REVIEW AND APPROY4J-:
FRk4KSTANFOA, DIRECTOR
DEPAR, NT OF COMMUNITY DEVELOPMENT
'-/ 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 the applicable
City Charter and Code Provisions.
a
TEL:
BUDGETARY REVIEW:
DIPAK M. PAREKHffIR9CT0k
OFFICE OF MANAGEMENT AND BUDGET
PREPARED AND REVIEWED BY:
LINDA KELLY KEARSON
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
NO, m WE d AM vi 'N v
W2057:csk:LKK
5
Apr 17'00 7:57 No.001 P.12
- 422
J-99-517
6/14/99 9 9- 4 2 4
RESOLUTION N0.
A RESOLUTION OF THE MIAMI CITY COMMISSION
RELATING TO THE DEVELOPMENT OF EIGHTEEN (18 )
UNITS OF AFFORDABLE HOUSING IN THE LITTLE
HAVANA NEIGHBORHOOD BY THE FLORIDA HOUSING
COOPERATIVE, INC.; AUTHORIZING THE CITY
MANAGER TO ALLOCATE FUNDING FROM THE CITY'S
FY'98-99 STATE HOUSING INITIATIVES
PARTNERSHIP (SHIP) PROGRAM IN THE AMOUNT OF
$414,577, IN CONNECTION WITH THE DEVELOPMENT'
OF THE BARCELONA PLACE CONDOMINIUMS PROJECT;
FURTHER AUTHORIZING THE CITY MANAGER TO
EXECUTE AN AGREEMENT, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, WITH THE AFOREMENTIONED
COMMUNITY HOUSING DEVELOPMENT ORGANIZATION
(CHDO) FOR SAID PURPOSE.
WHEREAS, in July, 1.992, the State of Florida enacted the
William E. Sadowski Affordable Housing Act ("Sadowski Act"),
which allocates a portion of new and existing documentary stamp
taxes on deeds on real estate transactions to local governments
for the development and maintenance of affordable housing; and
WHEREAS, the Sadowski Act provides 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 that the City would be eligible to receive
$1,300,000 in SHIP Program funds beginning with the State's
CM compamos
MMMT=c 0-F
JUN 2 2 9999
hemakibm s.
422
Fiscal Year 1995-1996; and
WHEREAS, in November 1996, pursuant to Resolution
No. 96-851, the City Commission approved the City's Local Housing
Assistance Plan required by the State of Florida for the City's
continued participation in the SHIP Program; and
WHEREAS, through the Local Housing Assistance Plan, the City
proposes to make funding available to not-for-profit Community
Housing Development Organization (CHDOs), for the purpose of site
acquisition, site development, project construction and permanent
financing, in connection with the development of affordable
housing units within the City; and
WHEREAS, in February 1997, pursuant to Resolution No. 97-94,
the City Commission approved the allocation of $414,577 in FY
1995-96 SHIP Program funding to Florida Housing Cooperative,
Inc., in connection with the development of the Barcelona Place
Condominiums Project; and
WHEREAS, in June 1999, pursuant to Resolution No. ,
the City Commission approved the reallocation of the $414,577 in
FY 1995-96 SHIP Program funding, previously allocated to Florida._
Housing Cooperative, Inc., to East Little Havana Community
Development Corporation in connection with the development of the
Riverside Gardens Townhomes Project; and
WHEREAS, for FY 1998-99 approximately $1,200,000 is
2 - ''
available through the City's Homeownership Development Program,
and $100,000 is available through the Downpayment/Closing Cost
Assistance Program; and
WHEREAS, in October of 1998, the City of Miami advertised
the availability of SHIP Program funding for the development of
affordable home ownership units in the City; and
WHEREAS, the City Administration recommends the allocation
of funding from the City's FY 1998-99 SHIP Program, in the amount
of $414,577 to Florida Housing Cooperative, Inc., in connection
with the development of the Barcelona Place Condominiums Project;
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 hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. , Funding from the City's FY 1998-99 SHIP
Program in the amount of $414,577 is hereby allocated for the
purpose of providing project development financing assistance to
Florida Housing Cooperative, Inc. in connection with the proposed
affordable housing project. Funding shall be subject to certain
conditions and to Florida Housing Cooperative Inc., submitting
certain information for review and/or approval by the City
`10 —
3 -
Administration, which includes verification of all project costs,
evidence. that all project funds are committed, and adherence to
all SHIP Program guidelines.
Section 3. The SHIP Program funding allocated herein
will be provided to the Florida Housing Cooperative, Inc. as a
loan with conversion to a grant once the project construction has
been completed,.and the housing units sold to the low to moderate
income families.
Section 4. The City Manager is hereby authorized!' to
execute individual contractual agreements, in a form acceptable
to the City Attorney, with the aforementioned CHDO in the amount
specified, for the purpose of providing project development
financing assistance in connection with eighteen (18) units of
affordable home ownership housing in the City.
Section 5. This Resolution shall become effective
�i 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.
At 4 4 - "'444
•
immediately upon its adoption and signature of the Mayor./
PASSED AND ADOPTED this 22nd day of June , 1998.•
JOE CAROLLO, MAYOR
In accordance with Miami Code Sec. 2-36, since the Mayor die, not indicatq aooro�,a— o
this legislation by signing it in the designated place oWe
idsd, sai:
becomes effective with the elapse of ten (10) days from date iTiiSi:
regarding same, without the Mayor exercising 4 o.
ATTEST:
Walter Aman, CP/Clerk
WALTER J. FOEMAN
CITY CLERK
APPROVED AdTFORMS &D LORRECTNESS:j�i
5 2 0' RCL
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.
M&M
J-99-785
9/17/99
RF Cr)T.TTTTnM MC) v
A RESOLUTION, WITH ATTACHMENT(S), OF THE
MIAMI CITY COMMISSION APPROVING THE CITY OF
MIAMI'S REVISED LOCAL HOUSING ASSISTANCE
PLANS FOR THE PERIOD COVERING FISCAL YEARS
1995-1998 AND 1998-2001, PURSUANT TO THE
IMPLEMENTATION OF THE STATE OF FLORIDA'S
STATE HOUSING INITIATIVES PARTNERSHIP
("SHIP") PROGRAM; AUTHORIZING THE CITY
MANAGER TO SUBMIT SAID LOCAL HOUSING
ASSISTANCE PLANS, ATTACHED HERETO AND MADE A
PART HEREOF, FOR REVIEW AND APPROVAL BY THE
STATE OF FLORIDA HOUSING FINANCE CORPORATION,
AND TO EXECUTE ANY AND ALL DOCUMENTS AND
AGREEMENTS, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, TO CARRY OUT THE TERMS AND
CONDITIONS OF SAID PROGRAM.
WHEREAS, on July 7, 1992, the State of Florida enacted the
William E. Sadowski Affordable Housing Act ("Sadowski Act"),
which
allocates a
portion of
new and existing
documentary stamp
or
real estate
transactions to
local governments
for the development and maintenance of affordable housing; and
WHEREAS, the Sadowski Act provides a 'dedicated revenue
source for affordable housing and created the State Housing
Initiatives Partnership ("SHIP") Program; and
. z
WHEREAS, in August, 1994, the City of Miami was notified by
the State of Florida that the City would be eligible to receive
'ATTACHMENT (S)
SEF 2 8 1999
Resolution Na
$1,353,387 in SHIP Program funds beginning with the State's
1995-96 Fiscal Year; and
WHEREAS, at the November 21, 1996 City Commission meeting,
the City Commission through. Resolution No. 96-851, approved the
City's modified Local Housing Assistance Plan which outlines the
City's strategy for the implementation of the SHIP Program for
the period covering fiscal years 1995-1996, 1996-1997, and
1997-1998; and
WHEREAS, at
the April
14, 1998
City
Commission
meeting,
the
City Commission
through
Resolution
No.
98-336,
approved
the
City's Local Housing Assistance Plan which outlines the City's
strategy for the implementation of the SHIP Program for the
period covering fiscal years 1998-99, 1999-2000, and 2000-2001;
and
WHEREAS, currently the City's.housing strategies under the
__ ..SHIP D-graa is limited to the City's Homeownership Development
Program and Downpayment/Closing Costs Assistance Program; and
WHEREAS, currently through the . City's Homeownership
Development Program funds, can only be provided to certified
Community Housing Development Organizations (CHDO's), and has
precluded the private housing industry: from securing SHIP
Program funds, which could be utilized for the cost of land
acquisition, site development, construction and permanent
financing associated with the development of affordable
homeownership units in the City; and
WHEREAS, currently through the City's Downpayment/Closing
Costs Assistance Program, funds can only provided to qualified
very low, low and moderate income households who desire to
purchase an owner -occupied residential unit developed by a City
of Miami certified Community Housing Development Organization
(CHDOs) ; and
WHEREAS, the City Administration has experienced
difficulties in expending the SHIP Program funding within the
two (2) year time frame mandated by the State of Florida due to
the restrictions which are inherent in the City's current
housing programs and strategies; and
WHEREAS, the City of Miami has been cited by the State of
y _ Florj-da--fo its poor performance in the expenditure of its SHIP
Program funds; and
WHEREAS, in our effort to increase the City's SHIP Program
expenditure rate, and while providing a variety of homeownership
opportunities to very low, low and moderate income families, the
City's housing strategy in connection with the SHIP Program has
been modified;
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 hereby adopted by reference
422
v
- 3 - ��
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The City of Miami's revised Local Housing
Assistance Plans for the period covering fiscal years 1995-1996,
1996-1997, 1997-1998 and 1998-1999, 1999-2000 and 2000-2001,
attached hereto and made a part hereof, prepared pursuant to the
implementation of the State of Florida's Housing Initiatives
Partnership ("SHIP") Program in the City of Miami is hereby
approved.
Section 3. The City Manager is hereby authorized to
submit said Plans to the State's Florida Housing Finance
Corporation for review and approval.
Section 4. The City Manager is hereby authorized!' to
execute any and all documents and agreements, in a form
acceptable to the City Attorney, to carry out the terms and
conditions of the SHIP Program and the said Plans.
Section 5. It is hereby established that any funds
received by the City pursuant to the State Housing Initiatives
Partnership Act to implement the said Plans, 'shall be used to
carry out the following activities:
A. Homenwn rah;=Div 1n m n Proq^am
It is the intent of the City of Miami's
Homeownership Development Program to increase
-" 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.
- 4 -
homeownership opportunities for very low, low and
moderate income families by creating new owner -
occupied residential, affordable housing units in
the City. SHIP Program funds dedicated by the
City for funding of the Homeownership Development
Program shall be used for the cost of land
acquisition, site development, construction and
permanent financing associated with the
development of affordable homeownership housing
units. The SHIP Program funds reserved for this
strategy will be utilized by the City to carryout
site acquisition activities, site development,
construction and -permanent financing to not-for-
profit housing corporations and private
developers, to assist with the development of
-.,-
homeownership units, affordable to very low , low
and moderate -income families. Once construction
has been completed, the SHIP Program funds will
then be converted into permanent financing,
downpayment, buy -down and/or closing cost
assistance to the homebuyer of the newly
constructed units.
B. 12Qwnj2ayment./Mor gage Buy Down/_losing rnst Program
The - Downpayment/Mortgage BuyDown/Closing Cost
Assistance Program will provide
downpayment/mortgage buydown and/or closing costs
- 5 -
assistance to qualified very low, low and
moderate -income persons to assist in the purchase
of a newly constructed affordable homeownership
housing units developed by not-for-profit housing
corporations, private developers or the purchase
of an existing residential property located within
the corporate limits of the City. In order to
qualify for financial assistance under this
strategy, homebuyers must have received a
commitment from a first mortgage lender for the
purchase of the prospective residential unit.
C. Owner -On _ l:r ed RPhahi 1 i a i nn PrQSaram
The Owner -Occupied Rehabilitation. Program will
provide rehabilitation assistance to very low, low
and moderate income persons of owner -occupied
-s ftgle family residences with the City of Miami.
Financial assistance will be provided in the form
of a zero percent (0%-), deferred payment loan
secured by the property and forgiven on a pro -rata
basis of ten percent (10U per year for a ten (10)
year term, as long as the residential unit remains
owned and occupied by the homeowner (applicant).
Should the homeowner die and an income eligible
heir inherit 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.
D. Single ami 1 y geplarempnt Ho ugi ng Program
The Single Family Replacement Housing Program
will be utilized to replace dilapidated owner -
occupied housing units which are not suitable for
rehabilitation. -,A maximum of $65,000 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
County. Financial assistance under this strategy
will be made available on an as needed -basis, with
priority given to households that do not have the
financial means to secure.a private mortgage loan
for the full amount, but are able to secure
partial financing through a first mortgage lender.
Funds will be awarded as a zero (0%) percent
interest deferred loan for a period coinciding
with the first mortgage loan term. The assistance
provided under this strategy would be due and
payable to the City of Miami if the property is
sold to a subsequent buyer or upon refinance by
the homeowner. Should the homeowner die and an
income eligible heir inherit the property during
the term of the deferred mortgage, the heir will
UCh
U 22
- 7 -
1 0 0
not be required to repay the pro -rata balance, but
would be allowed to assume 'the mortgage provided
that the heir becomes the owner -occupant.
Section 6. The administrative cost percentage for
implementation of the SHIP Program in the City is hereby
increased from five (5%) percent but not to exceed ten (10%)
percent of the SHIP Program funding allocation.
Section 7. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor./
PASSED AND ADOPTED this 28th day of September , 1999.
JOE CAROLLO, MAYOR
in accordance with Miami Code Sec. 2-36, since the Mayor did not indicate app.►^�►cl of
this legislation by signing it in the. de-ignated iliacs provided.
becomes effective with the elapse ct ten ('i 0) d4ys trc^ h: di.;
regarding same, without the Mayor exercising a v to /
- 'Vatter J. o , City Cl9rk
ATTEST:
WALTER J. FOEMAN
CITY CLERK? ,
AP,PRO A TO F ORRECTNESS t/ -
RO LAR LLO
/C Y ATTORNEY
W3754:RCL:hdb
'-' If the Mayor does not sign this Resolution, it shall become effective at
the end of ten (10) calendar days from the date it was passed and
adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon its override of the veto by the City Commission.
U 422 Ir
8 -
City of Miami
STATE HOUSING
INITIATIVES PARTNERSHIP
PROGRAM
(SHIP)
LOCAL HOUSING ASSISTANCE.
PLAN
FISCAL YEARS 1998-99,1999-00, 2000-01
160- 22
•
CITY OF MIAMI
STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM
LOCAL HOUSING ASSISTAcNCE PLAN
Fiscal Years 199&99,1999-00, 2000-01
I. INTRODUCTION
The City of Miami, Florida is committed to addressing the issue of affordable housing,
by actively seeking various strategies for meeting the homeownership housing needs of
very low, low and moderate income persons. One of those strategies is the utilization of
the State Housing Initiatives Partnership (SHIP) Program. The SHIP Program was
created through the William E. Sadowski Affordable Housing Act, July 7, 1992.
The William E. Sadowski Affordable Housing Act is a comprehensive funding package
for state and local affordable housing programs. The SHIP Program directs a portion of
new and existing documentary stamp taxes on real estate deeds to local governments for
the development and maintenance of affordable housing.
SHIP funds enhance the City of Miami's efforts to facilitate the production and
maintenance of affordable housing. When combined with other affordable housing
initiatives, SHIP funding makes it possible to provide housing opportunities that would
otherwise not be available to many of the citizens of this community.
The City of Miami's Local Housing Assistance Plan (LHAP) is required by the William
E. Sadowski Affordable Housing Act. All funds expended under this plan are utilized in
..accordance with the requirements and definitions of the SHIP Program, pursuant to
420.907-420.9079 of the Florida Statutes.
II. PLAN CRITERIA
This multi-year LHAP addresses the City of Miami's continuous efforts to provide
affordable homeownership opportunities for very low, low and moderate income persons
within the City of Miami. It conforms to the City's Department of Community
Development's Five Year Consolidated Plan ..as submitted to the U.S. Department of
Housing and Urban Development.
All assistance provided under this plan is available on an equal basis to all eligible
sponsors and/or persons without regard to race, creed, color, sex, marital status, family
status, handicap status, religion, or national origin.
All sponsors and persons receiving assistance under this plan will be contractually
obligated to comply with the affordable housing criteria that is established by the SHIP
program. Furthermore, recipients of assistance from both SHIP and State Housing Credit
(SHC) programs will comply with the income, affordability, and other SHC
requirements. Similarly, any sponsors or persons receiving assistance from other Federal
programs will comply with all Federal and SHIP program requirements.
ul-- 464`2 ®`
The Florida Housing Finance Corporation (FHFC) will be promptly notified if the local
government is unable to comply with the provisions of this plan. Amendments to this
plan shall be provided to FHFC within thirty (30) days after adoption.
III. LOCAL HOUSING PARTNERSHIP
The City of Miami Department of Community Development has utilized its affordable
housing financing programs to establish relationships with numerous not-for-profit
developers, Fannie Mae, and local banking institutions to make available multiple
sources of funding for affordable housing projects within the City. The City has worked
closely with these. not-for-profit community-based organizations and other public
financing agencies to provide . the maximum amount of financial leveraging. The
leveraging of public and private funds is essential for reducing the development costs of
affordable housing projects.
The City of Miami provides financial assistance to various not-for-profit social service
agencies that in turn provide a number of support services to the residents of the City of
Miami. Services provided include childcare, youth leadership, transportation, recreation,
mental health, handicap assistance, and many other services that are essential to the
stabilization of neighborhoods.
The City of Miami's LHAP was made available for public input at each of the City's
thirteen (13) Neighborhood Enhancement Team (NET) Service Centers located
throughout the City of Miami.
IV_.--STRA.TEGIES
SHIP funds will be utilized in four affordable housing strategies: homeownership
development, home purchase assistance, rehabilitation assistance to existing
homeowners, and replacement housing.
Strategy 1: Homeownership Development Program
The Homeownership Development Program will assist very low, low, and moderate
income persons by providing construction/permanenL financing to assist with the
development of newly constructed affordable homeownership units developed by not-
for-profit developers, private developers, or the City. Funds will be used for the cost of
land acquisition, site development, direct and indirect construction costs, as well as
permanent financing. Such permanent financing will consist of the conversion of portions
of the SHIP Program development funds into downpayment/mortgage buy-down/closing
cost assistance to the buyers of the newly constructed units.
Housing developments assisted through this program will receive financial assistance of
up to $40,000/unit or forty (40%) percent of the purchase price of the unit assisted,
whichever is less. A
�.
s - - 4' •r
This assistance will be provided in the form of a zero (0%) percent. deferred payment
loan; forgiven on a pro -rata basis of ten (10%) percent per year over a ten (10) year term
as long as the unit is owned and occupied by the initial applicant. The loan will be
secured by the property. All SHIP funds outstanding will be repaid to the City of Miami
upon the sale of the home to a subsequent 'buyer or upon refinance. Should the
homeowner die and income -eligible heirs inherit the property during the ten (10) year
term, the heirs 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.
In no event shall principal and interest payment of all of the financing plus escrow
payments exceed thirty (30%) percent of the family's total gross monthly income, unless
the first mortgage lender determines that the household is capable of a higher monthly
payment and can justify a deviation from this standard.
Assistance will be awarded on a first come, first ready basis until all funds are expended.
Strategy 2• Downpayment/Mortgage Buy-down/Closing Cost Program
The Downpayment/Mortgage Buy-down/Closing Cost Program will provide for
downpayment, mortgage buy -down and/or closing cost assistance to qualified low, very -
low and moderate income persons, to assist in the purchase of newly constructed
affordable housing units developed by not-for-profit developers, private developers, or
the City. It also provides for downpayment, mortgage buy -down, closing costs, and
repairs for existing residential properties within the city limits. In order to qualify for
assistance under this strategy, homebuyers must receive a commitment from a first
mortgage lender. Assistance will be awarded on a first-come/first ready basis.
Assistance will be provided in the form of a zero (0%) percent, deferred payment loan,
secures_ by the property; forgiven on a pro -rata basis of ten (10%) percent per year over a
ten (10)year term, as long as the unit remains owned 'and occupied by the initial
applicant. The funding assistance will be due and payable to the City of Miami if the
property is sold to a subsequent buyer or upon refinance. Should the homeowner die and
income -eligible heirs inherit the property during the 10 -year term, the heirs 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. Properties receiving funding under
this strategy that are in need of repair must have repairs completed within twelve (12)
months immediately after closing. Funds for repairs made to the unit which are to be
paid. from the local SHIP Trust Fund will be deposited into an escrow account at the time
of closing and disbursed once the rehabilitation of the unit is completed. The maximum
amount of assistance for this strategy is $40,000 per unit.
Strategy 3: Owner -Occupied Rehabilitation Program
The Owner -Occupied Rehabilitation Program will provide rehabilitation assistance to
very low, low, and moderate income persons on owner -occupied single-family residences
within the City of Miami. Assistance will be provided in the form of a zero (0%) percent,
deferred payment loan, secured by the property; forgiven on a pro -rata basis of ten (10%)
percent per year for a ten (10) year term, as long as the unit remains owned and occupied
by the initial applicant. Should the homeowner die and income -eligible heirs inherit the
property during the ten (10) year term, the heirs will not be required toIrepay the pro -rata
U Kd2
0 •
balance, but will be allowed to assume the mortgage provided that the heir becomes the
owner -occupant. The maximum amount of assistance for this strategy is $40,000.
Assistance will be on a first come, first ready basis until all funds are expended. City
staff may prioritize assistance on the basis of the degree of urgency needed to correct life
safety problems. Particularly, those life safety or health problems which significantly
affect the household and/or the surrounding community.
Strategy 4: Single -Family Replacement Housing Program
The Single -Family Replacement Housing Program will. provide assistance to very low,
low, and moderate income persons, but will be utilized only in the event that a unit
selected for rehabilitation cannot be repaired to a reasonable standard using SHIP funds,
other public or private funds, or a combination of funding sources. A maximum amount
of $65,000 per unit will be awarded to build a new unit on land already owned by the
applicant or on vacant residential property that may be available and owned by the City
or County. Awards will be made on an as -needed basis, with priority given to households
that do not have .the financial means to secure a private mortgage loan for the full
amount, but are able to secure partial financing through a first mortgage lender. Funds
will be awarded as a zero (0%) percent interest deferred loan for a period coinciding with
the first mortgage loan term. The funding assistance will be due and payable to the City
of Miami if the property is sold to a subsequent buyer or upon refinance. Should the
homeowner die and income -eligible heirs inherit the. property during the term of the
deferred mortgage, the heirs 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.
Applicants will choose from a builder pool that is pre -selected by the City with approved
home floorplans in place. Assistance will be awarded on a first come, first ready basis
until all funds are expended.
V. APPLICANT GUIDELINES
Eligible persons will be advised of the availability of these funds through notices in at
least three local newspapers, which have general circulation throughout the City of Miami.
Additionally, any persons whose names are held on waiting lists with the City of Miami or
SHIP funded organizations or agencies, will also receive notification.
Applications will be processed on a first-come/first-ready basis until all funds are
obligated by income levels: ensuring that at least thirty (30%) percent is designated for
very low income applicants and thirty (30%) percent for low income, with the balance of
available funds for moderate income applicants.
—' Applicants -for-SHIP deferred payment mortgage loans under the Homeownership
Development Program, the Downpayment/Mortgage Buy-down/Closing Cost Program, or
the Single -Family Replacement Housing Program will be required to obtain a first
mortgage from a private mortgage lender. The applicant will also be required to
participate in a homeowner education class prior to the closing of these homes.
GO- 44,4
VI. AFFORDABLE HOUSING INCENTIVE PLAN
The City of Miami Commission adopted the City of Miami's Affordable Housing
Incentive Plan (AHIP) on October 10, 1996, in compliance with City of Miami
Ordinance No. 11253, City of Miami Resolution No. 95-188, City.of Miami Resolution
No. 95-305, Florida Administrative Code and Section 420.9076 of the Florida Statutes.
based on the recommendations made by the City of Miami's Affordable Housing
Advisory Committee.
The City of Miami's AHIP provides developers of affordable housing projects with a
number of incentives that are intended to expedite the process and reduce the cost of
developing affordable housing projects.
The incentives available under the City of Miami's AHIP are as follows:
Expedited Permitting Process: Priority is. given to affordable housing developments by
expediting the permitting process. The City of Miami's 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's Department of Community
Development are eligible for certain incentives that assist with expediting the permitting
process. Prior to presenting the projects building plans to the Department of Building
and Zoning for the plan review process, developers can schedule a pre -construction
meeting with the Department of Building and Zoning. 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 of the planning review sections, to address the comments made by
the plan reviewers. This process can shorten the permit approval process by 15 days.
This no charge for this service to developers of certified affordable housing projects.
Review Procedure For Plans That Impact Affordable Housing: The City of Miami's
Affordable Housing Advisory Committee, (AHAC) is responsible for reviewing any
actions being considered by the City of Miami's Planning Advisory Board, Zoning Board
and City Commission that is considered to have an impact on affordable housing. AHAC
reviews the agendas of the aforementioned bodies and makes recommendations and
comments on the items that are considered to have an impact on affordable housing.
Modification of Impact Fee Requirements: The City of Miami currently waives all
impact fees, as well as, the Interim Proprietary and General Services fees for affordable
housing developments.
Allowance for Increased Density Levels: The provision of a Special Use Permit that
allows the increase in density or square footage (with conditions) to particular affordable
housing developments.
Inventory of Publicly Owned Land Suitable for Affordable Housing: The City of Miami
has a formal inventory of all locally owned public lands. Said inventory includes land
suitable for affordable housing. This list is made available to not -for profit developers
and private developers for the development of affordable housing units. g z'
5
Reduction of Parking and Setback Requirements: The City of Miami, through Ordinance
No. 11009, section 917.6 permits a reduction in the parking requirements for housing
projects targeted for low income families and individuals.
To obtain consideration under any of the incentides included in the AHIP, a developer
must present information concerning the proposed development to the City of Miami's
Department of Community Development. If the proposed development is determined to
be affordable, a letter will be issued to all applicable City of Miami departments
requesting their cooperation in facilitating the application of the incentives to the
proposed affordable housing project.
VII. AFFORDABILITY
The SHIP Program considers. housing affordable when the monthly rents or monthly
mortgage payments, including taxes and insurance, do not exceed 30 percent (unless it is
determined, and can be financially justified, that the household is capable of a higher
monthly payment) of the gross household income limits adjusted for family size.
VIII. INCOME LIMITATIONS
The SHIP Program is designed to benefit very low, low, and moderate income families.
The maximum income levels for each income group adjusted for family size are provided
to the City of Miami by the Florida Housing Finance Corporation and are adjusted upon
receipt of the new limits.
IX... 1L AX" --IUM PURCHASE PRICE
The maximum purchase price of a SHIP assisted, new or existing homeownership unit
will not exceed 90% of the median purchase price of said unit in the Miami PMSA. The
maximum sales price of a newly constructed unit to be assisted with SHIP funds cannot
exceed $119,439. The value of existing units that will receive assistance cannot exceed
$113,418.
X. SELECTION PROCESS
Qualified individual applicants will be selected or awarded funds on a "first come, first
ready" basis for program assistance after the availability of program funds or activities
are advertised. The City of Miami will advertise the availability of funds thirty (30) days
prior to accepting applications.
Qualified sponsors under the Homeownership Development Program will be selected
based on, but not limited to, the following criteria:
• Number of SHIP qualified persons/families aided in each category: very low,
low, and moderate income 422
60
6
0 � 0
' Number of homeownership units developed
' Use of funding sources other than SHIP
' Maximum use of financial leveraging of SHIP funds
' Maximum use of leveraging of all City of Miami funding
' Least cost per square foot
' Development proposed on City of Miami owned land
' Proposals demonstrating that employment will be provided to personnel from the
WAGES.Program and Work Development Initiatives Program
XI. TARGETED ACTIVITIES AND GROUPS
The City of Miami's.Local Housing Assistance Plan for FY 1998-99, 1999-00, 2000-01
will use 90% of SHIP funds each fiscal year for homeownership activities.
All proposed program activities will be targeted to very low, low and moderate income
person. At least 30% of all SHIP funds shall be utilized to assist very low income
families, 30% for low income families and no more than 30% will be utilized to assist
moderate income families, based on the defined income limits.
XII. ELIGIBLE APPLICANTS
Applicants for funding under the SHIP Program strategies will be subject to the City of
Miami's funding award criteria. The City of Miami will review each applicant's
proposal and determine eligibility and the appropriate level of funding.
The purchaser's gross annual income must not exceed 120% of the median income in the
Miami PMSA, adjusted for family size, and must occupy the property as a principal
residence.
The prospective homebuyers must have a good credit history. If a SHIP mortgage is
provided to as a downpayment/buy-down, then the must be approved for a mortgage
from a participating mortgage lender. Proposed mortgage financing arrangements must
be found acceptable and/or beneficial to the participating homebuyer. Estimated total
mortgage payments including escrow, should not exceed thirty (30%) percent of the
homebuyers monthly gross income, when determining affordability of the unit. In the
event a first mortgage is provided, the homebuyer must meet the qualification guidelines
as indicated herein.
o- 422
O - 7TB-1O
XIII. RECAPTURE PROVISION
The City of Miami will provide SHIP assistance in the form of deferred payment loans,
not to exceed the maximum limits as indicated in this plan.
All loans shall be secured by a note and mortgage on the property, which shall be
recorded either in a first, second or third lien position.
The homeowner may sell the property at any time and must repay the City of Miami a
pro -rata share of SHIP subsidy from the sales proceeds. Any proceeds remaining after all
mortgages have been repaid, including the SHIP subsidy, shall belong to the homeowner.
The SHIP proceeds repaid to the City of Miami will be deposited in the local SHIP Trust
Fund and used by the City of Miami for other SHIP assistance.
In the event that the proceeds from the sale are insufficient to repay the outstanding SHIP
subsidy, the City will recapture whatever proceeds are available after the senior
mortgage(s) from any private lender (if any) has been repaid.
The homeowner is required to reside in the property as his/her principle residence during
the entire term of the loan. If the homeowner should die and income -eligible heirs inherit
the property during the term of the loan, the heirs will not be required to repay the pro -
rata share, but will be allowed to assume the mortgage provided that the heir becomes the
owner -occupant of the property.
XIV. IlVIPLEMENTATION AND ADMINISTRATION
The cost of administrating the LHAP shall be ten (10%) percent of the SHIP local
housing distribution. A summary of the administrative budgets are outlined below, on an
annual basis:
FY 1998-99:
Personnel $112,159
Contractual Services 6,923
Office Supplies 4,154
Audit/Advertising/Other 15,232
Total _ - . _$ 138,468
FY 1999-00:
Personnel $127,656
Contractual Services 7,880
Office Supplies 4,728
Audit/Advertising/Other 17,336
Total $157,600
G0- 422
M=
XV.
FY2000-01:
Personnel $127,656
Contractual Services 7.880
Office Supplies 4,728
Audit/Advertising/Other 17,336
Total $157,600
The City of Miami Commission serves as the policy setting body responsible for the
SHIP Program. The Department of Community Development is responsible for the
implementation and administration of the LHAP, which includes the following:
' Plan design, plan implementation, fund administration, monitoring, and reporting,
' Providing advice and recommendations to the City Commission on improvements to
the LHAP
PLAN DURATION AND EFFECTIVE DATE
The City of Miami's Local Housing Assistance Plan will become effective immediately
upon its adoption by the City of Miami Commission and subsequently approved by the
Florida Housing Finance Corporation. The multi-year plan contained herein is for the
State fiscal years 1998-99 ,1999-00 and 2000-01. It may be amended. dependent upon
changes in strategies and other requirement by the partnership and approval by the City
-----of Miami Commission. Any plan amendment will be submitted to the Florida Housing
Finance Corporation within thirty (30) days after adoption by the City of Miami
Commission. Florida Housing Finance Corporation will be notified promptly if the City
of Miami is unable to comply with the provision of this plan.
XVI. ENCUMBRANCE AND/Olt EXPENDITURE REVIEW
Twice during each program year, the City of Miami conducts a review of its SHIP
Program to ensure that the encumbrance and/or- expenditure time requirements are "being
adhered to. If it is determined that any of the City of Miami's funds may be in danger of
not meeting its encumbrance and/or expenditure deadlines, the City makes every effort to
transfer the affected funds to a strategy that is not in danger of meeting these deadlines.
W -ti
11
rLuKIUA HOUSING FINANCE AGENCY
fl— ,hkAPPIKyeb—&.1Amm°,,,.mi" bt,
STRATEGIES
HOUSING DELIVERY GOALS CHART
FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR: 1998-99
New Plan:
mendment: a
x
of Local
Government City of Miami Annual Allocation Amount:
$1,384,685
fiscal Yr. Closeout:
HOME OWNERSHIP
STRATEGIES
A
Hwrseholdt by locale and fNaliknutsj NewC
Units very Low Maximum SHI Units Low Maximum SHI Maximum SHI Total Units SHIP Dollars
Award i Units Mod
Award , Award
B
Reh>1s/R
SHIP Dollars
�
withast
Co
.rss4ssctioii
SHIP Dollars
p
TotAl ..
SHIP Dollars
E
Total
Percentage
Homeownership Development Program
DowrpaymenUClosingCoslAsslstance
f
0 $40,000
6 $40,000
0 $40,000 v 0 $40,000 0 $0
7 $40,000 1. $40,000 14 $281,437
$281,437
$0
$562,874
0.00%
40.65%
Owner Occupied Rehab
10 $40,000
5 $40,000 1 $40,000 16
$643,186
$643,186
46.45q°
0 0 1 $40,157
$40,157
2.90%
Housing Replacement 1 $65,000
Subtotal 1 (Home Ownership)
171
12 21 31 $321,594
$924,623
$0
$1,246,217
90.00%
Note: The Home Ownership Percentage designated in Subtotal 1, Column E, must be at least 65% of the Annual Allocation Amount.
RENTAL `
.y �c
STRATEfia'f EJ
PU
Ho1ke11olds by 11ictTm arld 1N�lifttliHIP Xitiftr�s t{iff' .y.yng .`, Nei
Maximum SHI Maximum SHI Maximum SHI
Units Vrry Loy Award Units low Award Units Mod Award Total Units SHIP Dollars
itIli.'
SHIP Dollars
;«. s il
Wind_ 1, i t. ,i, •1C .,S r:
SHIP Dollars SHIP Dollars
rota)
Percentage
Subtotal 2 (Non -Home Ownership)
Administration Fees
Home Ownership Counseling
(Ad ministration fees may not exceed 10% of Annual Allocation) } t, t
$138,468
$0.00
GRAND TOTAL
Add swm
�dhtar.dv,AemN.reaaHoxeo.,e.,xn
,.
17 12 2 1 31
$321,594 1$924.623 1 $0 $1,384,685
100.0%
Percentage of Total
Units Very Units Units Total
Low $682,927Low $482'28 Mod. $81'004 Units
Households Served:
54.8% 49.3% 38,7% 34.8% 6.5% 5.9% t00W°
Percentage Construction/it ( 75%+): Calculate ConstrJRehab Percent, by adding Grand Total columns A&g, then divide by Annual Allocation Amt.
Maximum owa e -
Purchase Price:
New 1$119,4391
--�- ' ''
Existing 1
90.0%
$113,418
11
pl". �h�k P�W.bl.
FLORIDA HOUSING FINANCE AGENCY
HOUSING DELIVERY 15OALS CHART New
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PLAN FOR STATE FISCAL YEAR: 1999-00 mendment: # x
Name of Local Government: City of Miami Annual Allocation Amount: $1,576,001 Fiscal Yr. Closeout:
A B C D E
WOWt O*WNERSHI0;1_wltbow
9TKAUGllkS:,
H
r Tot
Maximum SHI Maximum SHI
Units Low
Units Very tow Award Award
Maximum SHI1
Units Mod Total Units
Award
SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage
Homeownership Development Program
25 $40,000 20 $40,000
0 $40,000 45
$1,150,796 $1,150,796 73.02%
10ownpaymentIClosing Cost Assl slance
$40,000 $40,000
$40,000
0.00%
I
Owner Occupied Rehab $40,000 5 $40,000
Housing Replacement 1 $65,000 0,
1 $40,000 6
$221,901 $221,901 14.08%
0 1 1
$45,704 $45,704 2.90%
Subtotal I (Home Ownership) 261 25
52
$1,196,500 $221,901 $1,418,401 1 90.00'/.l
Note; the Home Ownership Percentage designated In Subtotal 1, Column E, must be at least 65% of the Annual Allocation Amount.
ITAL h I Am
RE 1A Total 'Dial
v"
x:� Units tow Units Mod Award Award Award Maximum SHI Maximum Maximum SHI
iors Units Very to Total Units SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage
Subtotal 2 (Non -Home Ownership)
Administration fees (Administration fees may not exceed 10% of Annual Allocation) $157,6001 10.0%
Home Ownership Counseling
$0.00
GRAND TOTAL
Add S.WM, I A 2. pi. AdnkL F— A H«°e C.—hip C- 26
52
$1,196,500 1$221,901 1 $0
1 $1.576.001 100.0"1.
Units Very
Percentage of Total Low
Households Served: 50.00/°
Units
201 $709,7
Low
45.0 48.1%1
$6,82,25
43.3%.
Units Total
$26,949
Mod. Units
1.9% 1.7%, 1000/°
Percentage Construction/Re 75%+): Calculate ConstrJRehab Percent. by adding Grand Total Columns A&B, then divide by Annual Allocation Amt. F 90,71-T
Maximum Allowable
Purchase Priv
JNew 1$119,4391 Existing I $113,41
11
E
Z"D
Z1,15,
FLORIDA HOUSING NANCE /,GENCY
HOUSING DELIVERYtOALS CHART
STRATEGIES FOR THE LOCAL HOUSING ASSISTANT PLAN FOR � FATE FISCAL YEAR: 2000-2001
Name of Local Government: City of Miami Annu d Allocation Amount: $1,576,001
A B C
ble b- A if A
Mraw Owk apok.b
.,=.
New Plan:
mendmenl: X
Fiscal Yr. Closeout]
D
HOME OWNERSHIPW"houl
STRATEG
ds NOW
al
Maximum SHI
Unit, Maximum SHIP Units low M Ma imam SHIF
a Units Mod
Award Award Award
Total Units SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars
Percentage
Homeownership Development Program
Downpayment/closing Cost Assistance
1
— 0 $40,000 0 $40,000 0 1 40,000
—
6 $40,000 7 $40,000 f5 140,000
1
0 $0
14 $310,315 $310,315
$01
$620,630
0.00%
3.9.38%
Owner Occupied Rehab
— 10 $40,000 5 $40,000 1 14100,000000
16 $709,200
$709,200
45.00%
Housing Replacement
2 $65,000 0 0
2 $88,571 1
$88,571
5.62%l
L21
Subtotal I (Home Ownership)
181— 32 1$398,886 1$1,019,515 1 $0
1 $1,418,401 1
90.00%1
Note: The Home Ownership Percentage designated in Subtotal 1, Column E, mt it be at % of IbeA Annual least 5
a 6 I Allocation Amount.
ui
nw,
Maximum SHI Maximum SHIF mumSHIf
Units Very Low Units Low Total Units SHIP Dollar s SHIP Dollars SHIP Dollars SHIP Dollars
Award Award Award
Percentage
[Subtotal 2 (N�onHo�me!
Ownership)
Administration Fees
Administration fees may not exceed 10% of Annual Allocation)
$157,6001
10.0%1
Home Ownership Counseling
$0.00l
GRAND TOTAL
Add S.WNA I & 3, plat Adk F— & H— 0—" C-
18
12
2
32
$398,8867.97515
$0 $1,576,001
100.0%
Percentage of Total
Households Served:
Units Very
Low
56.39°
Units
$798,56
Low
50.69° 37.5%
Units
$531,900
Mod.
33.8%1 6.2%.
- Total
.87,941
Units
5.6%. 100%
Percentage Construction/ReN 75% Cakulate ConstrJ11tehab Percent. by adding Grand Total Columns A&B then divide by Annual Allocation Amt.
90.0%1
Maximum Allowable
Purchase Price:
4
P -a New $119,439 Existing
$113,4181
E
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on
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LX;
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Year
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..........................
■
■
■■■■■■■Y■■■■■■■■■■■■■■■■■
■
City of Miami
STATE HOUSING
INITIATIVES PARTNERSHIP
-__ PROGRAM
(SHIP)
LOCAL HOUSING ASSISTANCE
PLAN
FISCAL YEARS 1995-96,1996-97,1997-98
C
CITY OF MIAMI
STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM
LOCAL HOUSING ASSISTANCE PLAN
Fiscal Years 1995-96,1996-97,1997-98
I. INTRODUCTION
The City of Miami, Florida is committed to addressing the issue of affordable housing.
by actively seeking various strategies for meeting the homeownership housing needs of
very low, low and moderate income persons. One of those strategies is the utilization of
the State Housing Initiatives Partnership (SHIP) Program. The SHIP Program was
created through the William E. Sadowski Affordable Housing Act, July 7, 1992.
The William E. Sadowski Affordable Housing Act is a comprehensive funding package
for state and local affordable housing programs. The SHIP Program directs a portion of
new and existing documentary stamp taxes on real estate deeds to local governments for
the development and maintenance of affordable housing.
SHIP funds enhance ,the City of Miami's efforts to facilitate the production and
maintenance of affordable housing. When combined with other affordable housing
initiatives, SHIP funding makes it possible to provide housing opportunities that would
otherwise not be available to many of the citizens of this community.
The City of Miami's Local Housing Assistance Plan (LHAP) is required by the William
E. Sadowski Affordable Housing Act. All funds expended under this plan are utilized in
_ .._.� _-.-accor�e with the requirements and definitions of the SHIP Program, pursuant to
420.907-420.9079 of the Florida Statutes.
II. PLAN CRITERIA
This multi-year LHAP addresses the City of Miami's continuous efforts to provide
affordable homeownership opportunities for very low, low and moderate income persons
within the City of Miami. It conforms to the City's Department of Community
Development's Five Year Consolidated Plan as submitted to the U.S. Department of
Housing and Urban Development.
All assistance provided under this plan is available on an equal basis to all eligible
sponsors and/or persons without regard to race, creed, color, sex, marital status, family
status, handicap status, religion, or national origin.
All sponsors and persons receiving assistance under this plan will be contractually
obligated to comply with the affordable housing criteria that is established by the SHIP
program. Furthermore, recipients of assistance from both SHIP and State Housing Credit
(SHC) programs will comply with the income, affordability, and other SHC
,requirements. Similarly, any sponsors or persons receiving assistance from other Federal
programs will comply with all Federal and SHIP program requirements.
The Florida Housing Finance Corporation (FHFC) will be promptly notified if the local
government is unable to comply with the provisions of this plan. Amendments to this
plan shall be provided to FHFC within thirty (30) days after adoption.
III. LOCAL HOUSING PARTNERSHIP
The City of Miami Department of Community Development has utilized its affordable
housing financing programs to establish relationships with numerous not-for-profit
developers, Fannie Mae, and local banking institutions to make available multiple
sources of funding for affordable housing projects within the City. The City has worked
closely with these not-for-profit community-based organizations and other public
financing agencies to provide the maximum amount of financial. leveraging. The
leveraging of public and private funds is essential for reducing the development costs of
affordable housing projects.
The City of Miami provides financial assistance to various not-for-profit social service
agencies that in turn provide a number of support services to the residents of the City of
Miami. Services provided include childcare, youth leadership, transportation, recreation,
mental health, handicap assistance, and many other. services that are essential to the
stabilization of neighborhoods.
The City of Miami's LHAP was made available for public input at each of the City's
thirteen (13) Neighborhood Enhancement Team (NET) Service Centers located
throughout the City of Miami.
IV. - STRATEGIES
SHIP funds will be utilized in four affordable housing strategies: homeownership
development, home purchase assistance, rehabilitation assistance to existing
homeowners,- and replacement housing.
Strategy 1: Homeownership Development Program
The Homeownership Development Program will assist very low, low, and moderate
income persons by providing construction/permanent--financing to assist with the
development of newly constructed affordable homeownership units developed by not-
for-profit developers, private developers, or the City. Funds will be used for the cost of
land acquisition, site development, direct and indirect construction costs, as well as
permanent financing. Such permanent financing will consist of the conversion of portions
of the SHIP Program development funds into downpayment/mortgage buy-down/closing
cost assistance to the buyers of the newly constructed units.
Housing developments assisted through this program will receive financial assistance of
up to $40,000/unit or forty (40%) percent of the purchase price of the unit assisted,
whichever is less.
2
This assistance will be provided in the form of a zero (0%) percent, deferred payment
loan; forgiven on a pro -rata basis of ten (10%) percent per year over a ten (10) year term
as long as the unit is owned and occupied by the initial applicant. The loan will be
secured by the property. All SHIP funds outstanding will be repaid to the City of Miami
upon the sale of the home to. a subsequent buyer or upon, refinance. Should the
homeowner die and income -eligible heirs inherit the property during the ten (10) year
term, the heirs 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.
In no event shall principal and interest payment of all of the financing plus escrow
payments exceed thirty (30%) percent of the family's total gross monthly income, unless
the first mortgage lender determines that the household is capable of a higher monthly
payment and can justify a deviation from this standard.
Assistance will be awarded on a first come, first ready basis until all funds are expended.
Strategy 2: Downpayment/Mortgage Buy-down/Closing Cost Program
The Downpayment/Mortgage Buy-down/Closing Cost IProgram will provide for
downpayment, mortgage buy -down and/or closing cost assistance to qualified low, very -
low and moderate income persons, to assist in the purchase of newly constructed
affordable housing units developed by not-for-profit developers, private developers, or
the City. It also provides for downpayment, mortgage buy -down, closing costs, and
repairs for existing residential properties within the city limits. In order to qualify for
assistance under this strategy, homebuyers must receive a commitment from a first
mortgage lender. Assistance will be awarded on a first-come/first ready basis.
Assistance will be provided in the form of a zero .(0%) percent, deferred payment loan,
_.. _ _secured.,by the property; forgiven on a pro -rata basis of ten (10%) percent per year over a
ten (10)year term, as long as the unit remains owned and occupied by the initial
applicant. The funding assistance will be due and payable to the City of Miami if the
property is sold to a subsequent buyer or upon refinance. Should the homeowner die and
income -eligible heirs inherit the property during the 10 -year term, the heirs 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. Properties receiving. funding under
this strategy that are in need of repair must have repairs completed within twelve (12)
months immediately after closing. Funds for repairs .made to the unit which are to be
paid from the local SHIP. Trust Fund will be deposited into an escrow account at the time
of closing and disbursed once the rehabilitation_of the-uF} t is completed. The maximum
amount of assistance for this strategy is $40,000 per unit.
Strategy 3: Owner -Occupied Rehabilitation Program
The Owner=Occupied Rehabilitation Program will provide rehabilitation assistance to
very low, low, and moderate income persons on owner -occupied single-family residences
within the City of Miami. Assistance will be provided in the form, of a zero (0%) percent,
deferred payment loan, secured by the property; forgiven on a pro -rata basis of ten (10%)
percent per year for a ten (10) year term, as long as the unit remains owned and occupied
by the initial applicant. Should the homeowner die and income -eligible heirs inherit the
property. during the ten (10) year term, the heirs will not be required to repay the pro -rata
rZ; �-) c 3
U�`� Com_
9
balance, but will be allowed to assume the mortgage provided that the heir becomes the
owner -occupant. The maximum amount of assistance for this strategy is $40,000.
Assistance will be on a first come, first ready basis until all funds are expended. City
staff may prioritize assistance on the basis of the degree of urgency needed to correct life
safety problems. Particularly, those life safety or health problems which significantly
affect the household and/or the surrounding community.
Strategy 4: Single -Family Replacement Housing Program
The Single -Family Replacement Housing Program will provide assistance to very low.
low, and moderate income persons, but will be utilized only in the event that a unit
selected for rehabilitation cannot be repaired to a reasonable standard using SHIP funds,
other. public or private funds, or a combination of funding sources. A maximum amount
of $65,000 per unit will be awarded to build a new unit on land already owned by the
applicant or on vacant residential property that may be available and owned by the City
or County. Awards will be made on an as -needed basis, with priority given to households
that do not have the financial means to secure a private mortgage loan for the full
amount, but are able to secure partial financing through a first mortgage lender. Funds
will be awarded as a zero (0%) percent interest deferred loan for a period coinciding with
the first mortgage loan term. The funding assistance will be due and payable to the City
of Miami if the property is sold to a subsequent buyer or upon refinance. Should the
homeowner die and income -eligible heirs inherit the property during the term of the
deferred mortgage, the heirs 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.
Applicants will choose from a builder pool that is pre -selected by the City with approved
home floorplans in place. Assistance will be awarded on a first come, first ready basis
until all funds are expended.
V. APPLICANT GUIDELINES
Eligible persons will be advised of the availability of these funds through notices in at
least three local newspapers, which have general circulation throughout the City of Miami.
Additionally, any persons whose names are held on waiting lists with the City of Miami or
SHIP funded organizations or agencies, will also receive notification.
Applications will be processed on a first-come/first-ready basis until all funds are
obligated by income levels: ensuring that at least thirty (30%) percent is designated for
very low income applicants and thirty (30%) percent for low income, with the balance of
available funds for moderate income applicants.
Applicants for SHIP deferred payment mortgage loans under the Homeownership
Development Program, the Downpayment/Mortgage Buy-down/Closing Cost Program, or
the Single -Family Replacement Housing Program will be required to obtain a first
mortgage from a private mortgage lender. The applicant will also be required to
participate in a homeowner education class prior to the closing of these homes.
0- 4 2�
4
W
AFFORDABLE HOUSING INCENTIVE PLAN
The City of Miami Commission adopted the City of Miami's Affordable Housing
Incentive Plan (AHIP) on October 10, 1996, in compliance with City of Miami
Ordinance No. 11253, City of Miami Resolution No. 95-188, City of Miami Resolution
No. 95-305, Florida Administrative Code and Section 420.9076 of the Florida Statutes.
based on the recommendations made by the City of Miami's Affordable Housing
Advisory Committee.
The City of Miami's AHIP provides developers of affordable housing projects with a
number of incentives that are intended to expedite the process and reduce the cost of
developing affordable housing projects.
The incentives available under the City of Miami's AHIP are as follows:
Expedited Permitting Process: Priority is given to affordable housing developments by
expediting the permitting process. ' The City of Miami's 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's Department of Community
Development are eligible for certain incentives that assist with expediting the permitting
process. Prior to presenting the projects building plans to the Department of Building
and Zoning for the plan review process, developers can schedule a pre -construction
meeting with the Department of Building and Zoning. 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 of the planning review sections, to address the comments made by
the plan reviewers. This process can shorten the permit approval process by 15 days.
charge for this service to developers of certified affordable housing projects.
Review Procedure For Plans That Impact Affordable Housing: The City of Miami's
Affordable Housing Advisory Committee, (AHAQ is responsible for reviewing any
actions being considered by the City of Miami's Planning Advisory Board, Zoning Board
and City Commission that is considered to have an impact on affordable housing. AHAC
reviews the agendas of the aforementioned bodies and makes recommendations and
comments on the items that are considered .to have an impact on affordable housing.
Modification of Impact Fee Requirements: The City of Miami currently waives all
impact fees, as well as, the Interim Proprietary -and General Services fees for affordable
housing developments.
Allowance for Increased Density Levels: The provision of a Special Use Permit that
allows the increase in density or square footage (with conditions) to particular affordable
housing developments.
Inventory of Publicly Owned Land Suitable for Affordable Housing: The City of Miami
has a formal inventory of all locally owned public lands. Said inventory includes land
suitable for affordable housing. This list is made available to not -for profit developers
and private developers for the development of affordable housing units. �.
4 2
5
u
f
Reduction of Parking and Setback Requirements: The City of Miami, through Ordinance
No. 11009, section 917.6 permits a reduction in the parking requirements for housing
projects targeted for low income families and individuals.
To obtain consideration under any of the incentives included in the AHIP, a developer
must present information concerning the proposed development to the. City of Miami's
Department of Community Development. If the proposed development is determined to
be affordable, a letter will be issued to all applicable City of Miami departments
requesting their cooperation in facilitating the application of the incentives to the
proposed affordable housing project.
VII. . AFFORDABILITY
The SHIP Program considers housing affordable when the monthly rents or monthly.
mortgage payments, including taxes and insurance, do not exceed 30 percent (unless it is
determined, and can be financially justified, that the household is capable of a higher
monthly payment) of the gross household income limits adjusted for family size.
VIII. INCOME LIMITATIONS
The SHIP Program is designed to benefit very low, low, and moderate income families.
The maximum income levels for each income group adjusted for family size are provided
to the City of Miami by the Florida Housing Finance Corporation and are adjusted upon
receipt of the new limits.
PURCHASE PRICE
The maximum purchase price of a SHIP assisted, new or existing homeownership unit
will not exceed 90% of the median purchase price of said unit in the Miami PMSA. The
maximum sales price of a newly constructed unit to be assisted with SHIP funds cannot
exceed $119,439. The value of existing units that, will receive assistance cannot exceed
$113,418.
X... SELECTION PROCESS --
Qualified individual applicants will be selected or awarded funds on a "first come, first
ready" basis for program assistance after the availability of program funds or activities
are advertised. The City of Miami will advertise the availability of funds thirty (30) days
prior to accepting applications.
Qualified sponsors under the Homeownership Development Program will be selected
based on, but not limited to, the following criteria:
Number of SHIP qualified persons/families aided in each category: very low,
low, and moderate income
1
U
6
z
44--;L"
• Number of homeownership units developed
• Use of funding sources other than SHIP
• Maximum use of financial leveraging of SHIP funds
• Maximum use of leveraging of all City of Miami funding
• Least cost per square foot
• Development proposed on City of Miami owned land
• Proposals demonstrating that employment will be provided to personnel from the
WAGES Program and Work Development Initiatives Program
XI. TARGETED ACTIVITIES AND GROUPS
The City of Miami's Local Housing Assistance Plan for FY1995- 96, 1996-97, 1997-98
will use 90% of SHIP funds each fiscal year for homeownership activities.
All proposed program activities will be targeted to very low, low and moderate income
person. At least 30% of all SHIP funds shall be utilized to assist very low income
families, 30% for low income families and no more than 30% will. be utilized to assist
moderate income families, based on the defined income limits.
XII. ELIGIBLE APPLICANTS
Applicants for funding under the SHIP Program strategies will be subject to the City of
Miami's funding award criteria. The City of Miami will review each applicant's
proposal and determine eligibility and the appropriate level of funding.
The purchaser's gross annual income must not exceed 120% of the median income in the
Miami PMSA, adjusted for family size, and must occupy the property as a principal
residence.
The prospective homebuyers must have a good credit history. If a SHIP mortgage is
provided to as a downpayment/buy-down, then the must be approved for a mortgage
from a participating mortgage lender. Proposed mortgage financing arrangements must
be found acceptable and/or beneficial to the participating homebuyer. Estimated total
mortgage payments including escrow, should not exceed thirty (30%) percent of the
homebuyers. monthly gross income, when determining affordability of the unit. In the
event a first mortgage is provided, the homebuyer must meet the qualification guidelines
as indicated herein.
XIII. RECAPTURE PROVISION 422
® 0
The City of Miami will provide SHIP assistance in the form of deferred payment loans.
not to exceed the maximum limits as indicated in this plan.
All loans shall be secured by a note and mortgage on the property, which shall be
recorded either in a first, second or third lien position.
The homeowner may sell the property at any time and must repay the City of Miami a
pro -rata share of SHIP subsidy from the sales proceeds. Any proceeds remaining after all
mortgages have been repaid, including the SHIP subsidy, shall belong to the homeowner.
The SHIP proceeds repaid to the City of Miami will be deposited in the local SHIP Trust
Fund and used by the City of Miami for other SHIP assistance.
In the event that the proceeds from the sale are insufficient to repay the outstanding SHIP
subsidy, the City will recapture whatever proceeds are available after the senior
mortgage(s) from any private lender (if any) has been repaid.
The homeowner is required to reside in the property as his/her principle residence during
the entire term of the loan. If the homeowner should die and income -eligible heirs inherit
the property during the term of the loan, the heirs will not be required to repay the pro -
rata share, but will be allowed to assume the mortgage provided that the heir becomes the
owner -occupant of the property.
XIV. IW LEMENTATION AND ADMINISTRATION
The cost of. administrating the LHAP shall be ten (10%) percent of the SHIP local
housing distribution. A summary of the administrative budget is outlined below, on an
annual basis:
FY 1995-96:
Personnel $106,270
Contractual Services 6,560
Office Supplies 3,930
Audit/Advertising/Other 14,430
` Total $131,190
FY 1996-97:
Personnel $115,344
Contractual Services 7,120
Office Supplies 4,272
Audit/Advertising/Other 15,664
Total $142,411
- 42Q
M.
XVI.
FY 1997-98:
Personnel $108,406
Contractual Services 6,692
Office Supplies 4,015
Audit/Advertising/Other 14.722
Total $133,835
The City of Miami Commission serves as the policy setting body responsible for the
SHIP Program. The Department of Community Development is responsible for the
implementation and administration of the LHAP, which includes the following:
• Plan design, plan implementation, fund administration, monitoring, and reporting;
• Providing advice and recommendations to the City Commission on improvements to
the LHAP
PLAN DURATION AND EFFECTIVE DATE
The City of Miami's Local Housing Assistance Plan will become effective immediately
upon its adoption by the City of Miami Commission and subsequently approved by the
Florida Housing Finance Corporation. The multi-year plan contained herein is for the
State fiscal years 1995-96, 1996-97, and 1997-98. It may be amended dependent upon
changes in strategies and other requirement by the partnership and approval by the City
of Miami Commission. Any plan amendment will be submitted to the Florida Housing
Finance Corporation within thirty (30) days after adoption by the City of Miami
Commission. Florida Housing Finance Corporation will be notified promptly if the City
of Miami is unable to comply with the provision of this plan.
ENCUMBRANCE AND/OR EXPENDI'T'URE REVIEW
Twice during each program year, the City of Miami conducts a review of its SHIP
Program to ensure that the encumbrance and/or expenditure time requirements are being.
adhered to. If it is determined that any of the City of Miami's funds may be in danger of
not meeting its encumbrance and/or expenditure deadlines, the City makes every effort to
transfer the affected funds to a strategy that is not in danger of meeting these deadlines.
t
rt_tJKIUA HOUSING FINANCE AGENCY
M..K 4u^h IOklblt boa ali bne d.rn„ i
HOUSING DELIVERtGOALS CHART
�+
STRATEGIES FOR THE LOCAL HOUSING ASSISTA CE PLAN FOR STATE FISCAL YEAR: 1995-96
New Plan:
mendment: I
x
Name of Local Government:
Fiscal Yr. ClosewC
City of Miami Annual Allocation Amount: $1,311,901
HOME OWNERSHIP
j
ffouselwlds b idc6nie and Main .. 5111 A ands ., ;`
y NewCoMtiuetloli keMblRepNr:
WiNsojdCattirisctlpn :Total, '
Total
y
- STRATCGIES
Units Very
Maximum SHIP Maximum SHIP Maximum SHIP
Units low nits Mod Total Units SHIP Dollars SHIP Dollars
Will$40,00
•
SHIP Dollars
Homeownership Development Program
Awatil
SHIP Dollars
Percentage
$
7 $40,000: 0 $40,000 15 $451,539
$451,539
DownpaymenUClosingCost Assistance
0
$40,000 4 $40,000 i 4 $40,000 8 $298,522
$298,522
34.42%
Owner Occupied Rehab
5
22.75%
32.83%
HousingReplacement
0.00%
6
ubtotal 1 (Home Ownership)
13
15
6 . « ,+ ",;
34 $750,061 $430,650
$0 $1,180,711
90.00%
Note:
The Home ownership Percentage designated in Subtotal 1, Column F, must be at least 6S% of the Annual Allocation Amount.
t „:, i ' - ) YY�units....W)►
ire OIHlt Atari sT,f;5t1Y x k :..tlkli.tdtai,�g;.
":,. Tdtat.-S
yt t a
4rsF..
Very
Maximum IP Maximum SHIP Maximum SH P
Units
•', .JTI!W yFzE;
low Units Mod Total Units SHIP Dollars SHIP Dollars
SHIP Dollars SHIP Dollars
Percentage
i
Subtotal 2 (Non -Home Ownership)
Administration fees
( Administration fees may not exceed 10% of Annual Allocation
y ) ) `t
` '
Home Ownership Counseling
z'tw +i :c :.; „ : -i $131,190
s ' t r ;ti' ° t ' 4 '
10.0%
GRAND TOTALJsix
kv
$0.00
f`A
Add Subgal, 1 a 7. Ville nOxh fm a Hon! O- hip Ca 6kq.
i aMi{.rt 'q
$1.311.901
10001y.
Units
Very
�, e+✓ ��,
Units Units 693 Total i�;:^i
$451,44 $520, $208,570 i ,tt+•,"x
Percentage of Total
Low
Low Mod. Units i x
Households Served:°
° ° ° o
34.4 /0 44.1 /0 39.7 /0 17.7 /0 15.9 /°
Percentage Construction/Rehab
( 75%+) Calculate ConstrJRehab Percent by adding Grand Total Columns A6g, then divide by Annual Allocation Amt.
Maximum Allowable
�, '_j
.
A4 )r � � � � " rte � �1+ t a � i .� t ..i
90.0%
Purchase Price:X.
(3•sg)
�U+�
L`
•
P I I J,410
6)-
G
E
11,
rLtJKIIJA HOUSING FINANCE AGENCY
KfAW(hft%,
v0kablebo..&
it A—d—. r 1,
HOUSING DELIVERY GOALS CHART
STRATEGIES FOR THE LOCAL HOUSING ASSISTANCE PIAN FOR STATE FISCAL YEAR:
Few Plan:
1996-97
I
mend
x
Name of Local Government: City of Miami Annual Allocation Amount:
Fiscal
fiscal Yr. Close.
$1,424,111
'E 0"
HOME OWNERSHIP.
NIR'H'
A
k
B
C
D
E
Households y Inc M col
ome arid makiinti" AkA
TOW
JE _'
STRATEGIES
OPATEI1316
— —
'mum IHI
Units Very Low Maximum SHIP Maximum maximum SHI
Units tow Units Mod
-j Total
.. ..
Homeownership Development —Program
DevelopmentProgram
Award Award Total Units SHIP
Aw%d Award
SHIPoollafs
S
SHIP Dollars
SHIP Dollars
Percentage
Downpay;;�;I/Closl CostAssiziance
,Ins Cost Assistance
4
0 140,000 0 $4000 0 $40,000 0
0, 00
$o
0.00%
4 0,000
7 $40,000 7 $ 000 3 17 $320,425
$320,425
$640,850
45.00%
Owner Occupied Rehab
10 140,000 5 $40,000 17
0.00. 2 $40,000
$640,850
$640,850
45.00%
Housing Replacement
0 $65,000 0 $65,000 0 $65,000 0
0.00%
Subtotai'l (Home Ownership)
171
12 5 34 $320,425
$961,275
$01
$1,281,700
90.00%1
Note: The Home Ownership Percentage designated in Subtotal 1, Column E, must be at least 65% of the Annual Allocation Amount.
RENTAL "
41i
ome InkiiiiiSHIII , ;,.�
by Income irid Mix �4k 4 W
6 R
::`,TbtAI
TEdIE$,'
SHIP
Units Very Low MaximumSHIP Maximum SHIF Maximum SHI
"Zarcl SHIP
Units Low
Is Low Units Mod
A Total Units SHIP Dollars
Award Award Award
SHIP Dollars
SHIP Dollars
SHIP Dollars
Percentage
Subtotal 2 (Non Home Ownership)
Administration Fees
(Administration fees may not exceed 10% of Annual Allocation)
Home Ownership Counseling
7
$142,411
0.
10.0%
$0.00
GRAND TOTAL
AIM S.W.WS la 2, Plus Admk freta H� Owwship C 1W
17 12
12
:
5
34
34
$320
20425
$961,275
$0
$1,424,111
100.0%
Percentage of Total$640,85
Units Very Units I
Units Total
Low $452,440 $188,410
Low Mod. Units
Households Served:
50.0% .y
45.0% .B%r 14.7% 13.29
oj 35.3 3 �1 0 0 6o/o i"
—Percentage Construction/Rehab 75% Calculate ConstrJltehab Percent. by adding Grand Total Columns A&B, then divide by Annual Allocation Amt.
Maximum Allowable—
90.0%1
Purchase Price:
6
Ej
a
P I I J,410
6)-
G
E
11,
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11
FLORIDAHOUSING FINANCE AGENCY
n.,w an.as.vWk.Me
HOUSING DELIVERY
eer.aaAn Meaea,,
MIM IYat,r.
STRATEGIES
.GOALS CHART
FOR THE LOCAL HOUSING ASSISTAI-kE PLAN FOR STATE FISCAL
New Plan:
YEAR: 1997-98
mendmenl:
x
Name of Local Government:Fiscal
City of Miami Annual Allocation Amount:
Yr. Closeout:
$1,338,358
40ME OWNERSHIP
A
s C
D
E
Households by Income alxj lel i&niuri Slip i
wa z NswC
w
IletssWR CwahlicUon
Tb�a)
STRATEGIES
Units Very low Maximum SHI Units low Maximum 51(1 Maximum SHI
Units Mod
,
;Total.:.
Homeownership Development Program
Award Award Award Total Units SHIP Dollars
SHIP Dollars SHIP Dollars
SHIP Dollars
Percentage
Dowtlpaynent/ClosingCost As stance
$40,000 0 $40,000 0 $40,000 0
6 $40,000
$0
O.00Wo
6 $40,000 3 $40,000 15 $268,631
$268,631
$537,262
40.20%
Owner Occupied Rehab
8 $40,000 6 $40,000 2 $40,000 16
$602,261
$602,261
45.00%
Housing Replacement
1 $65,000 0
0 1 $65,000
LEI
$65,000
4.80%
Subtotal 1 (Home Ownership)
15
12
5yz 32 $333,631
$870,892 $0
1 $1,204,523
90.00%
Note: The Home Ownership Percentage designated in Subtotal 1, Column E, must be at least 65% or the Annual Allocation Amount.
€ ,4 itENTAL
TEG,.
Maximum SHI
Units Very low Units low SNI Maximum Still
y.?..
otalt. .
Units Mod
Award Award Award Total Units SHIP Dollars
SHIP Dollars SHIP Dollars
SHIP Dollars
Percentage
t
Subtotal 2 (Non -Home Ownership)
Administration Fees
( Administration lees may not exceed to% of Annual Allocation)
Home Ownership Counseling
i t .
,
is ; + :,
$133,835
10.0%
$0.00
GRAND TOTAL
Add s,elol+h a 1..1. Ae:nn. rear a name 0.nenhip c-[:71
) 2
1$870,892
5 32 $333,631
$0
$1,338,358
100.0%
Percentage of Total
Units Very $564,921 Units Units Total
Low $451,69 $189,906
s
Low Mod. 7Units
Households Served:
46.9% 42.2% 37.5% 33.8% 15.6% 14.0% 100%
Percentage Con,
struction/Reh(
, * . .
75%+) Calculate ComtrJRehab Percent. by adding Grand Total Columns A&B, then divide by Annual Allocation Al
....
Maximum Allowable
,
90.0%. .
Purchase Price:
+ •
'
.�• :s:4�,� a,,.,v,,.: ,t.,,r.ali?}.{.,..` _ .,. ,r New
$119,439 Existing
$113,418
11
■ommommommommommsRooms
r
. PUBLIC NOTICE FOR
SPECIAL CITY COMMISSION MEETING
REGARDING
COMMUNITY DEVELOPMENT ISSUES
P,
to of
The Miami City Commission will hold a Special Meeting to
Development. The Special Meeting will be held:
discuss issues relating to Community
Thursday, May 11, 2000 at 2:00 P.M.
City of Miami Commission Chamber
3500 Pan American Drive
Miami, Florida 33133
The Agenda for the Special Meeting is as follows:
1. Discussion on Funding History of the City of Miami Community Development Block Grant
(CDBG) Program for the 19`s — 25`h Program Years
2. Discussion and proposed resolution to revise the Citizen Participation Plan, including the
abolishment of the Citywide Advisory Board
I Discussion and proposed resolution on Planning Calendar for 26' Year CDBG activities
4. Presentation on Orchard Villas Model City Revitalization Project, including proposed legislation
to adopt the plan in principle and allocating $100,000 of HOME funds to engage R.J. Heisenbottle
Architects, P.A to develop a Master Plan for the area; allocating $1.5 million of 1999 HOME
funds and $1.5 million of future 2000 HOME funds to develop affordable housing in the Model
City Home Ownership Zone; and supporting the Miami -Dade County application to U.S. HUD for
HOPE VI funding to redevelop the Liberty Square and Liberty Homes Public Housing Projects
5. Proposed resolution to modify Housing Loan Committee Membership by eliminating the seat
previously held by Miami Capital Development Corporation and replacing it with a representative
with private.real estate lending experience; expanding the choice of City Departments from which
the City Manager can appoint the Administration's representatives; and appointing Frank
Rollason, Director, City of Miami Building Department, to fill the vacancy created by the
retirement of Jim Kay, former Director of the City of Miami Public Works Department
6. Resolution proposing the reestablishment of a Commercial Loan Program to revitalize commercial
corridors in the City of Miami Revitalization Districts; allocating $150,000 of CDBG funds to the
Latin Chamber of Commerce to administer the program in the southern portion of the City and
$150,000 of CDBG funds to the Little Haiti Credit Union to administer the program in the
northern area of the City and designating the City of Miami Department of Real Estate and
Economic Development to administer the program in the central area of the City
7. Discussion and proposed resolution to establish a concept for an enhanced Commercial
Revitalization Program .
�40Q
8. Discussion and proposed resolution to maintain the annual funding commitment of $225,000_ for a
five year period to the Little Haiti Job Creation Project to create jobs and stimulate businesses in
the Edison Little River area
9. Discussion and proposed resolution allocating $262,322 of HOME funds to the CRA to establish a
homebuyer's pre -qualification program in the Southeast Overtown/Community Redevelopment
area
10. Discussion and proposed resolution to replace $504,450 of SHIP funds with available HOME
funds for related construction expenses for the the Allapattah Business Development Authority to
develop the Ralph's Plaza Townhomes - Phase I project
11. Discussion and proposed resolution to deobligate $853,727 of 1996-97 and 1997-98 SHIP funds
as follows and to reprogram said amount to fund the City of Miami Single Family rehabilitation
and First Time Homebuyers' Financing Programs:
Organization and Project
Amount
BAME Development Corporation of South Florida -New Hope/Overtown $100,000
Housing Project
Jubilee Community Development Corporation - Jubilee Villas Housing Project 62,500
Model Housing Corporation - Villas Dr. Godoy Housing Project 62,500
DEEDCO, Inc. - Miami River Village Housing Project 100,000
St. John Community Development Corporation - Lyric Village Housing Project 114,150
Florida Housing Cooperative - Barcelona Place 414,577
Total Deobligation $853,727
12. Discussion and proposed resolution to deobligate $4.75 million of HOME funds allocated to the
Urban League and LHL Housing Corporation to develop the Northwestern Estates Housing
Project and reallocating $3.1 from available 1976 General Obligation Housing Bond Program
funds to said project for the purpose of resolving the finding identified in the Audit Report issued
March 26, 1998 by the Office of the Inspector General
13. Discussion and proposed resolution allocating $3,587,693 of available HOPWA Funds as follows:
Organization and Project
Amount
Economic Opportunity Family Health Center -Long Term Housing $1,742,900
Miami -Dade Housing Agency - Long Term Housing 1,844,793
Total $3,587,693
14. Discussion and proposed resolution restructuring the HOPWA Program
15. Discussion and proposed resolution allocating $50,000 to the accounting firm of Sharpton,
Brunson and Company to perform an.audit and provide technical assistance on the HOPWA
Program
16. Discussion on letter from U.S. HUD citing the City of Miami for not being in compliance with
HUD standards in the expenditure of funds in its CDBG Line of Credit balances
17. Discussion and proposed resolution to fund previously authorized legislative commitments
approved by the City Commission to the Community Redevelopment Agency (CRA) as follows:
Protect Authorizing Legislation Amount
Historic Overtown Priority Business Corridor Resolution 98-592 $3,000,000
CRA/SEOPW Interlocal Agreement Commitment Ordinance 11736 2,000,000
:7
Proposed funding sources for the above allocations to meet CRA funding commitments:
Pr— °L Amount Funding Source
Historic Overtown Priority Business Corridor $3,000,000 Reprogramming of
previously approved
funds for CIP
Projects
CRA/SEOPW Interlocal Agreement Commitment $1,000,000 HOPWA FUNDS
CRA/SEOPW Interlocal Agreement Commitment $1,000,000 Reprogramming of
previously approved
funds for CIP
Projects
Note: Said reprogramming of previously authorized CDBG funds to come from among the
following CIP projects that are not in a position to be completed by September 30, 2000 as
determined by the Assistant City Manager for Operations:
African Square Park Improvements
African Square Park Land Acquisition
Allapattah Comstock Park
Armbrister Park Building Renovations
Athalie Range Park
Athalie Range Park Playground Lighting
Belafonte Park Improvement
Charles Hadley Park Renovations
Coconut Grove Minipark Renovation
Curtis Park Improvements
Dorsey Park Site Improvements
Eaton Park Improvements
Henderson Park Improvements
Replacement
Jose Marti Park
Lemon City Day Care Park
Little Havana Softball Field
Merrie Christmas Park Handicap Access
Miller Dawkins Park Renovations
Moore Park Field Renovations
Moore Park Renovations
North Bay Vista Playground
Reeves Park
Riverside Park Playground
Shenandoah Park Improvements
Target Area Park Improvements
Virrick Park Improvements
West Buena Vista Park Renovations
Williams Park Improvements
Allapattah Sidewalk Replacement
Coconut Grove Sidewalk Replacement
Downtown Sidewalk Replacement
Edison Little River Sidewalk
Little Havana Sidewalk Replacement
Manuel Artime Community Center
Model City Sidewalk Replacement
Overtown Sidewalk Replacement
Tower Theatre
Wynwood Sidewalk Replacement
The proposed resolution also recommits $1.5 million of CDBG funds to previously approved CIP
projects that can be completed by September 30, 3000 in accordance with the prioritization of
previously approved CIP projects by the Assistant City Manager responsible for Operations and
approval of the Department of Community Development.
The proposed resolution also allocates $200,000 to the City of Miami Building Department for
demolition activities to be carried out through September 30, 2000, from the reprogramming of
previously authorized funds for Capital Improvement Projects
18. Discussion and legislation deobligating $500,000 of previously committed CDBG funds and
$500,000 of previously committed HOME funds to the St. John Community Development
Corporation for development of the Lyric Village Housing Project
19. Discussion and legislation regarding the Performing Arts/First Source Hiring Agreement
U
0 � 0
Interested individuals are encouraged to attend this Special Meeting. The meeting site is accessible to the
handicapped.
(AD
�U- 422