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State Housing Initiatives Partnership Program (SHIP)

State Housing Initiatives Partnership Program (SHIP). Growth Management Housing Programs Office. Provides funding to create private/public sector partnerships to produce and preserve affordable homeownership and rental housing. Stakeholder Workshops.

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State Housing Initiatives Partnership Program (SHIP)

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  1. State Housing Initiatives Partnership Program (SHIP) Growth Management Housing Programs Office Provides funding to create private/public sector partnerships to produce and preserve affordable homeownership and rental housing.

  2. Stakeholder Workshops Down-Payment Assistance: January 2008 Single Family Housing : January 2008 Special Needs/Rental : February 2008 Community Services Group March 2008 Growth Management Housing Programs Office

  3. SHIP Local Housing Assistance Plan Presentation • SHIP Update • New Initiative: Rental Deposit • Proposed Changes to Existing Programs - Single Family Housing • Multi-Family Housing • Special Needs • Suggested Housing Delivery Goals

  4. SHIP Update • SHIP Expenditures by Income Level of Households Served • SHIP Expenditures by Program • Results of Down Payment Assistance Changes

  5. SHIP Update:2006 Program Funds by Area Median Income of Households Served

  6. SHIP Update:2006 Expenditures by Program

  7. SHIP Update:Results of Down Payment Assistance Changes • Increase in number of homebuyers served SFY 2006 SFY 2007 27 45 • Buyer’s First Mortgages More Affordable • Proactive home repairs funded • Increase in leveraged funds • Reduction in SHIP households requests for foreclosure intervention assistance

  8. New Rental Deposit Program Growth Management Housing Programs Office Purpose: To assist very low and low income renter households to pay for security, utility and rental deposits to obtain affordable rental housing.

  9. Rental Deposit Program SHIP Program Restrictions ► No mobile homes may be assisted. ► No ongoing rental assistance allowed ► Security and Utility Deposits Eligible Expenses ► Monthly rents must be affordable by SHIP standards ► Funding level subject to program requirements ► Tenants must meet income eligibility requirements: ► Income certification training required

  10. New Rental Deposit Program Program Issues ● Form of assistance: Grant or Loan ●Location of eligible units - County-wide or - Restrict to outside City of Gainesville ● Coordination with other service providers ● Sub-recipient or county partner needed to administer program ● Inspections to ensure rental unit meets minimum housing code

  11. New Rental Deposit Program Recommendations: Direct staff to prepare a Pilot Rental Deposit Program ► Assistance in form of a grant ► Income Eligibility: up to 50% AMI ► Program budget: $50,000 for SFY 2009 ► One time assistance only ► Rental units must meet minimum housing code ► Restrict apartment location to outside of City of Gainesville unless no other deposit program is currently available. ► Partner with Community Support Services Department.

  12. Current SHIP Programs Growth Management Housing Programs Office Single Family Housing Multi-Family Housing Special Needs Down Payment Assistance Foreclosure Intervention Disaster Mitigation/Recovery

  13. Single Family Housing Housing Repair/ Replacement Developer Fee As Grant Increase Maximum Award Per Current Proposed $40,000 $50,000 Growth Management Housing Programs Office

  14. Single Family Housing New Construction Mixed Income Provision for Plan East Gainesville Study Area Developer Fee As Grant Decrease maximum award from $40,000 to $25,000 per buyer. Growth Management Housing Programs Office

  15. Multi-Family Housing Development Program Growth Management Housing Programs Office ● Change name to Rental Development Program ●Include mixed income provision in East Gainesville Plan Study Area.

  16. Special Needs Growth Management Housing Programs Office Eliminate 50% Match Requirement Increase maximum award from $6,000 to $10,000.

  17. Down Payment Assistance Growth Management Housing Programs Office Consistency between the City of Gainesville and Alachua County SHIP Down Payment Assistance Programs Maximum Purchase Price Maximum Income Limit Length of Mortgage term Essential Service Personnel Definition

  18. Down Payment Assistance Current Proposed Maximum Sales Price $204,440 $237,000 Maximum Income Limits 100% AMI 120% AMI Deferred Mortgage Forgiven 30 year 10 year Growth Management Housing Programs Office Essential Service Personnel Definition Required N/A Inclusive definition

  19. State Housing Initiatives Partnership Program (SHIP)Requirements Growth Management Housing Programs Office Illustration ($1,000,000) $750,000 New Construction or Home Repairs $100,000 Administration maximum $150,000 Existing homes without any repairs $1 Million Total

  20. Proposed Changes to Maximum Awards Program Current Proposed Down Payment $25,000 $30,000 Single Family -Home Repairs $40,000 $50,000 -New Construction $40,000 $25,000 Rental Deposit $0 $1,000-$1,500 Special Needs $6,000 $10,000

  21. Recommendations Summary Direct Staff to: • A.) Draft a new Rental Deposit Pilot Program to provide one-time grants to eligible renters for security and utility deposits. • B.) Draft changes to the following SHIP funded programs as described in Recommendation Attachment or as amended: Single Family Housing Development Program Multi-Family Housing Development Program Special Needs Program Down Payment Assistance Program • C. Draft Housing Delivery Goals for SFY 2009-2011 as recommended or amended.

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