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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. - PowerPoint PPT Presentation
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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.