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CITY OF TAMPA

CITY OF TAMPA

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CITY OF TAMPA

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  1. CITY OF TAMPA Growth Management and Development Services Housing & Community Development Division 2008

  2. SHIP Funding Activity (FY2004-FY2008)State Program FY04 FY05 FY06 FY07 FY08 TOTAL Allocation $2.4 $2.4 $2.3 $3.0 $2.9 $13.0 Program Income $1.5 $0.8 $1.6 $1.3 $0.7 $5.9 Totals $3.9 $3.2 $3.9 $4.3 $3.6 $18.9 Spent/Committed $3.9 $3.2 $3.9 $4.3 $3.6 $18.9

  3. HOME Funding Activity (FY2004-FY2008)Federal Program FY04 FY05 FY06 FY07 FY08 TOTAL Entitlement Award $2.2 $2.4 $2.5 $2.4 $2.0 $11.5 Program Income $1.0 $1.6 $0.9 $0.9 $0.9 $5.3 Totals $3.2 $4.0 $3.4 $3.3 $2.9 $16.8 Spent/Committed $3.2 $4.0 $3.0 $2.1 $0.9 $13.2

  4. Past Reimbursements Funds Reimbursed to HUD due to HOME Expenditures from 1995 to 2002 $2,200,154 Funds Reimbursed to HUD due to CDBG Expenditures from 1997 to 2005 $2,187,400 Total $4,387,554

  5. Highlights of 2006-2007 • Issued RFQ to qualify Not-For-Profit organizations, private developers and contractors to build single-family homes on City-owned vacant lots in East Tampa Design Criteria

  6. Highlights of 2006-2007 • Established design criteria for single-family homes to be built on City-owned lots. • Commissioned four affordable, single-family home designs for in-fill lots Design Criteria

  7. Highlights of 2006-2007 • Incorporated bonus density provision for affordable housing in Chapter 27 Code

  8. Highlights of 2006-2007 • Housing Finance Authority Single Family Revenue Bond Program • Partnering with the Hillsborough County HFA and Hillsborough County • Providing $750,000 in SHIP funds to augment $10 million in HFA tax exempt bonds • HFA “80/20” mortgage, borrower receives 100% financing • Down payment assistance equal to 20% of purchase price, maximum $50,000

  9. Highlights of 2006-2007 2006 • 40 - Owner-occupied homes rehabilitate • 14 rehabilitated with TIF funds 2007 • 93 - Owner-occupied homes rehabilitated or in process • 34 rehabilitated with TIF funds

  10. Highlights of 2006-2007 2006 • 48 - Persons / Families received down payment assistance to purchase single-family homes 2007 • 65 - Persons / Families received down payment assistance to purchase single-family homes

  11. Highlights of 2006-2007 2006 • 3 - In-fill single-family homes built by West Tampa CDC

  12. Highlights of 2006-2007 2007 • 29 - In-fill single family homes being built • Community Housing Development Organization (CHDO) • COACH Foundation • East Tampa Business & Civic Association Completed

  13. Highlights of 2006-2007 2006 • 105 Repairs by Centre for Women (Senior Housing Improvement Program) 2007 • 38 Repairs by Centre for Women (Senior Housing Improvement Program)

  14. Highlights of 2006-2007 Audit findings • The City of Tampa’s Internal audit noted significant operational improvements • HUD - closed one audit findings • SHIP - satisfactory SHIP monitoring review

  15. Multi-family New Construction 2006 • 520 - Affordable rental units opened • Meridian Pointe • 2450 E. Hillsborough Avenue • Centro Asturiano • 1302 E. 21st Avenue Meridian Pointe

  16. Highlights of 2006-2007 2007 • 296 - Affordable rental units under construction • Park Terrace N. 40th Street & Hillsborough Avenue • San Lorenzo Terrace 4820 Gomez Avenue

  17. New for FY 2007 • Award pending on 37 East Tampa Lots for single-family in-fill homes by 3 Non-profits and 3 builders • Real Estate Development Workshop series for Faith Based groups

  18. New for FY 2007 • Tax Credit applications submitted to Florida Housing Finance Agency with contribution from the City of Tampa • Central Park Village • 203 Affordable Units $6,000,000 • 160 Affordable Units for Seniors $1,550,000 Central Park Village

  19. New for FY 2007 • Madison Heights • 108 Affordable Units for Seniors $1,500,000

  20. City of TampaState Housing Initiative Partnership(SHIP) Program SHIP Local Housing Assistance Plan (LHAP) • The creation of the City’s LHAP is for the purpose of meeting the housing needs of the very low, low, and moderate income households, to expand production of and preserve affordable housing and to increase the supply and delivery of safe, decent and affordable housing in Tampa.

  21. City of TampaState Housing Initiative Partnership(SHIP) Program SHIP Local Housing Assistance Plan (LHAP) • Additionally, this Plan is created to further the housing element, specifically the affordable housing component, of the City’s comprehensive plan.

  22. SHIP LHAP Housing Strategies • Down Payment / Closing Costs Assistance • Singe-family In-fill / New Construction • Owner-Occupied Rehabilitation or Emergency Repairs • New Construction / Rehabilitation of Multi-Family Rental Units • Disaster Strategy • Foreclosure Prevention

  23. SHIP LHAP Housing Strategies • Affordable housing incentive strategies that are currently in place to facilitate, encourage, preserve and produce affordable housing, in order to assure safe, decent and affordable housing for the City’s very low, low, and moderate income households

  24. SHIP LHAP Housing Strategies Existing Incentive Strategy #1 • Expedited permitting - Construction Services Department has system in place for expediting permits for qualified affordable housing developments

  25. SHIP LHAP Housing Strategies Existing Incentive Strategy #2 • Ongoing review process - GMDS Director responsible for the oversight of policies, procedures ordinances that may have an impact on the cost of housing

  26. Additional Existing Incentives • Density bonus flexibility • Inventory public lands for affordable housing