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The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents through providing Affordable Housing, Community Development, and Economic Opportunities while delivering the highest level of service. Affordable Housing

Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

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Page 1: Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents through providing Affordable Housing, Community Development, and Economic Opportunities while delivering the highest level of service.

Affordable Housing

Page 2: Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

Our Value to Hillsborough CountyDevelop and maintain relationships with Community partners to provide Multi-Family and Single Family housing preservation, rehabilitation, and new construction activities to ensure long term sustainability and compliance for low to moderate income households.

Partner with internal and external community organizations to provide services that improve the quality of life for at risk families and individuals.

Partner with community organizations to create, sustain and provide access to public facilities, infrastructure and other community assets that benefit low and moderate income citizens.

Page 3: Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

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CDBG, $31,985,005

58%

HOME, $12,364,770

23%ESG,

$2,298,672 4%

SHIP, $8,326,185

15%

RevenuesTotal 5-Year Funding: $54,974,632

A Five Year Snapshot Federal and State: Budget Years 2013 – 19

Public Facilities and Infrastructure Improvements

$17,642,94232%

Public Services

$5,398,75210%

Housing$23,436,967

43%

Administration and Planning$6,693,791

12% Other$1,802,180

3%

ExpendituresTotal federal funding over five years $54,974,632

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Page 4: Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

Sweetwater Villas Capital Investment

4

Hillsborough County HOME

First Mortgage

Tax Credit

Deferred Developer Fee

Total Sources

4% Tax CreditCarrollwood56 Units

$ 4,500,000

$ 1,800,000

$ 4,502,949

$ 522,868

$11,325,817

Page 5: Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

Laburnum Gardens Budget

5

Hillsborough County SHIP

First Mortgage

Tax Credit

Deferred Developer Fee

Total Sources

9% Tax CreditValrico81 Units60% and below MFI

$275,000

$1,800,000

$14,908,509

$ 752,778

$17,736,287

Page 6: Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

Key Sustainability & Performance Metrics

In FY 2019, Affordable Housing Services assisted 8,983 families and expended a total of $10,440,900• It costs approximately $5.76 per household in personnel and operating costs for Affordable Housing

Staff to provide Public Facilities and Infrastructure projects to be able to provide services and access to community improvements for low to moderate income areas.

• It costs approximately $1.03 per household in personnel and operating costs for Affordable Housing Staff to provide Public Services to be able to improve the quality of life for low to moderate income persons.

• It costs approximately $28.34 per household in personnel and operating costs for Affordable Housing Staff to provide Multi-Family housing preservation and new construction activities to ensure long term sustainability and compliance for low to moderate income families.

• It costs approximately $10.42 per household in personnel and operating costs for Affordable Housing Staff to provide Single Family housing preservation, rehabilitation, and new construction activities to ensure long term sustainability and compliance for low to moderate income families.

Page 7: Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

Success StoryHome Preservation

• Ms. Collins- a 75 year old resident of Plant City,lived in the same home for 40 years. The homethat she loved and raised her children in wasfalling down around her. The roof leaked and thehome flooded when it rained. Through theCounty’s Demo-Rebuild program, and with thehelp of Rebuilding Together Tampa Bay, Ms.Collins now resides in a new home that is safe,free of rain, and is one that she is proud to own.Ms. Collins has a zero percent, no paymentmortgage on the property.

Page 8: Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

Laburnum Gardens This development is a 55 and older senior community located in Valrico. The brand new 81 unit is a mix of one and two-bedroom apartment homes that are affordably priced for those with limited incomes. With the assistance of $275,000 in StateSHIP funding and Low Income Housing Tax Credits the units will remain affordable to those earning below 60% AMI. Residentsmoved in in May of 2019 and have access to amenities such as the fitness center, computer lab, community room and nearbylocal restaurants and transportation.

Page 9: Affordable Housing - Hillsborough County€¦ · The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents

Cedar Point