State Housing Initiatives Partnership Program (SHIP)

Provides funding to create private/public sector partnerships to produce and preserve affordable homeownership and rental housing.

Growth Management Housing Programs Office

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

Stakeholder Workshops

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

SHIP Update

SHIP Expenditures by Income Level of Households Served

SHIP Expenditures by Program Results of Down Payment Assistance

Changes

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

27.48%

43.78%

28.28%

0.46%

Extremely Low Income <30% AMI Very Low Income 31%-50% AMI

Low Income 51%-80% AMI Moderate Income 80%-100% AMI

SHIP Update:2006 Expenditures by Program

18%

80%

1%

1%

Down Payment Assistance Programs

Single Family Housing: Home Repairs and Replacement

Foreclosure Intervention

Special Needs

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

Growth Management Housing Programs Office

New Rental Deposit Program

Purpose: To assist very low and low income renter households to pay for security, utility and rental deposits to obtain affordable rental housing.

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

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

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.

Growth Management Housing Programs Office

Current SHIP Programs

Single Family Housing

Multi-Family Housing

Special Needs

Down Payment Assistance

Foreclosure Intervention

Disaster Mitigation/Recovery

Single Family Housing

Growth Management Housing Programs Office

Housing Repair/ Replacement

Developer Fee As Grant

Increase Maximum Award Per

Current Proposed

$40,000 $50,000

Single Family Housing

Growth Management Housing Programs Office

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.

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.

Special Needs Growth Management Housing Programs Office

Eliminate 50% Match Requirement

Increase maximum award from $6,000 to $10,000.

Growth Management Housing Programs Office

Down Payment Assistance

Maximum Purchase Price

Maximum Income Limit

Length of Mortgage term

Essential Service Personnel Definition

Consistency between the City of Gainesville and Alachua County SHIP Down Payment Assistance Programs

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

Down Payment Assistance

Current Proposed

N/A Inclusive definition

State Housing Initiatives Partnership Program (SHIP)

RequirementsGrowth Management Housing Programs Office

15%

10%

75%

New Construction or RepairsExisting homes without repairsAdministration

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

Proposed Changes to Maximum Awards

Program Current ProposedDown 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

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 ProgramMulti-Family Housing Development ProgramSpecial Needs ProgramDown Payment Assistance Program

C. Draft Housing Delivery Goals for SFY 2009-2011 as recommended or amended.