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SHIP Local Housing Assistance Plan (LHAP)0?o/D--27370 SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS COVERED 2010/2011, 201,1/2012 and 2012/2013 Prepared by: Office of Real Estate, Housing & Community Development Miami Beach City Hall 1700 Convention Center Drive Miami Beach, Florida 33139 ° City of .Miami Beach CHAP • Table of Contents A Program Description ' A. Name of Participating Local Government B. Purpose of the'Program ` ° ° C. Fiscal Years6overed by LHAP D. Governance - E. ' Locat Housing Partnership - F. Leveraging . G°• ..:..Public Input. H: , Advertising and Outreach - - I. Discrimination ~ - J. Support Services and Counseling K. Purchase Price Limits • L. - °Income Limits, Rent Limits, and Affordability ' M'. Welfare Transition Program ~ ~ , ' "N. Monitoring and First°Right of Refusal O: Administrative Budget P. Program Administration Q. Essential Service Personnel . „ Lh9AP Housing Strategies - A. ,`Housing Rehabilitation ° ` B: New Construction C. Closing Costs and Down Payrnerit D.. '. Rehabilitation of Multi-family Buildings for.Condominium Conversion E. Rental Housing :Development ~ ~, f. Workforce Housing G. Foreclosure Prevention ~. LF~AP`lncentive Strategies ` .. Expedited Permitting Ongoing. Review Process 3 8 19 22 -2- .. ~ City of Miami Beach LHAP . _ I. PROGRAM DESCRIPTION: ~' ~ A. ~ ~ Name of the Participating Local Government and. Interlocal (it Applicable): Section 420.9072 (5) Florida Statutes. City of Miami Beach ., ,. .; `~ . ` ~ ~ Interlocal: Yes No X . B.~ Purpose.of the Program: .. ~ " Creation of the Plan is for the purpose of meeting the housing needs of thevery low, "low, and moderate income households; to' expand production of and preserve affordable housing; and to .further the. housing' element of the local government comprehensive plan specific.to affordable housing. f ~ n C.. ~ Fiscal. years covered by the Plan: ~ " . 2010/201.1'. 2011 /2012 " 2012/2013 . - . D." " COVernarlce: Chapter67-37.005(3) and (5)(i)F.A.G.and Section 420.907.1(74)F.S. ~' ~ The SHIP. Program ~is established. in. accordance with Section 420.907-9079; Florida Statutes. and Chapter 67-37.007 Florida Administrative Code. Cities,and Counties must at all times be in compliance with applicable statutes and rules: 420,907-9079 F.S., and Chapter 67-37; F.A.C:. " ~ ~ ~ The SHIP Program. does further thehousing element of the local government . • ~ Comprehensive Plan. E. Local Housing Partnership: Section 420:9072(1)(x), F.S. . SHIP Program encourages building active partnerships befin[een government, lenders, builders and developers, real estate professionals,.advocatesfnr low- " ~ income persons and community groups. ~ ~ ' ' The City of Miami Beach works closely with. its designated Community Housing Development Organization {CHDO), as well' as other local- groups involved in. " ~ local housing activities, in the development of its Local Housing Assistance. . , Y _Plan. F. Leveraging; _ The Plans are intended to increase the availability of affordable residential units ". , Tm ~ ~ : kiy combining .local. resources and cost saving measures into a local housing . ~~ {. -3- '. _. , . .= rt ' '' ~ - City of Miami Beach LHAP ~.. ,; , ; partnership and using public and private funds to reduce the cost of housing. o ~ ~ SHIP funds may be leveraged with or used to supplement~other Florida Housing ". Finance Corporation. programs and to provide ,local match to obtain federal housing grants or programs. ~ ` The City of Miarni' Beach is an Entitiernent Community which receives HOME " '' . ,' :and CDBG funds from the U.S. Department of Housing and Urban Development (HUD) that will-be used, in combination with other local funds,~to ~.. leverage SMI'P funds and reduce the cost"of housing'in the City.. ~ . " - ,: . , . G. Public Input:- °~' ~ Public inpiatwas solicited throughface to face meetingswith housing providers, . .: social service ,providers, `local lenders and neighborhood associations through ' public meetings.- Public input was solicited through the local newspaper in the . _ ~. . ~ advertising. of the Local Housing Assistance Plan and the Notice of Funding - Availability (NOFA), as .appropriate. H. Advertising and Outreach + The City advertises the Notice Of Funding Availability for SHiP funds in ~a j~; '~ : ~ newspaper of general circulation. and periodicals serving ethnic and. diverse - :neighborhoods, at"least 30 days before the beginning of the application period. I.. Discrimination: .' ~ ~ In accordance with the provisions of ss.760.20-760.37, the City of Miami Beach. , ,4. does not discriminate. on.the basis of race,- creed, ;religion, color, age, sex, sexual orientation; marital status, familial status, national origin, or handicap in " " ;the award application process for eligible housing. " . ~ ~ J. Support Services and Counseling: Supportservicesare available from various.sources. Available support services- may include, buf are not limited to .. '. ~~ ' ~ • Homeownership~counselirig {pre and post) ~ " " ' ~. ~ • Credit counseling . - :. x , ~ ` • Tenant counseling , . ~. Transportation ~. .Legal counseling,, " ~ : ~ - ~$ ~• Health and psychological services ~ ~ ' A. • Employment and training: • Consumer credit ~ ~ ~. . ~ ~ Fair housing- " Nofe: All sponsors receiving SHJP Program fundsvirili be required to offer Home ~~ Ownership Training to prospective homebuyers. .Such training will assist and, prepare homebuyers-for the acquisition and ownership of a home. Counseling. ... - -4- ... . . - ~ City of Miami Beach LHAP ` services will be provided on a group and individual basis covering the following • topics: the home buying process; finding money for adown-payment; dealing with financial crisis; how to set up a budget; the, importance of good credit; - dispute resolution; and how to .maintain a home. The agency that provides Housing Counseling must be a HUD Certified Agency and' Home Ownership - 'Training must'rrieet the standards set by U.S. HUD. ,. ~ . K. _ Purchase Price Limits: Purchase Price Limits: The sales price or value of new or existing eligible ` ; ~ housing may not exceed 90% of the average area purchase price in the statistical area' in which .the eligible housing is located. Such averagearea ' ~ `purchase price may be that calculated for any 12-month ,period beginning not . - :~J, - - earlier than the fourth calendar year prior to the year in which the award occurs. The- sales_price of `new and existing units can be lower, but may not exceed.. 90% of the median .area purchase :price established. _by the U:S. Treasury Department or any other independent study. .' The methodology used is; `, , t ~ ~ ~ ~ Independent Study {copy attached) ~ ~ . .. U.S. Treasury Department X Bond. Study Numbers provided by Florida Housing Finance Corporation The purchase price limit for new and existing homes: 329 268 .'~ ~ ~ L.~ Incorne:Limits, Rent Limits, and Affordability: -. . The income and Rent Limits used in the SHIP Program are `updated annually from the Departrrienf of. Housing and Urban Development and distributed by - Florida Housing Finance Corporation. Affordable, means that~monthly rents or , . ~ ~ mortgage payments including taxes and insurance do not exceed 30 percent of ,that amount which represents thepercentage of the median annual gross. income for the households as indicated in Sections 420.9071 (19), (20) and (28), F.S. However it is not the intenf to limit an individual household's ability to devote ..more than 30% of its income for housing, and housing for which.a household . devotes more than 30% of its income shall-be deemed Affordable if fhe. first institutional mortgage .lender is satisfied that the household. can afford mortgage ~~' ~ . ~ payments in excess of the 30% benchmark and, in the case of rental housing, :does not exceed those rental limits adjusted for'bedroom size: ~. M.y .Welfare ,Transition Program: ~ ~ ~ , .The City .has developed a qualification system and selection criteria for applications for awards to eligible sponsors, which includes adescription-that demonstrateshoweIigible sponsors that employed personnel from the Welfare t _~~~~..; ,.. ., _5- . ~ ~. ` ~ . ~ ~ I ~ City of Miami Beach LHAP - ~ " ~ ~: Transition Program will be given preference in the selection process. N: Monitoring and First Right of.Refusal: , - ` In he case of rental` housing, the staff or entity that has administrative authority , for .implementing. the local housing assistance • plan assisting rental . " developments shall annually monitor and 'determine tenant.eligibility or, to the extent another governmental entity provides the same monitoring and " - determination, a municipality, county or.local housing-financing. authority may, ` rely on such monitoring and determination of terianf eligibility: However, any loan or grant; in the original. amount of $3;000 or less shall .not be subject to . -_ .N these annual monitoring and determination of tenant eligibility. requirements. _ Tenant~el"igibility will; be monitored at least annually for 15 years or the term of assistance, whichever is longer.. .~ . .. ,Eligible sponsors that offer rental housing for sale before 15 years or that have ` ; 3 other remaining mortgages funded- under the'SHIP Program must give a-first ' - right of refusal to eligible nonprofit organizations for purchase .at the current market value for continued occupancy by eligible persons: a :, O. " Administrative Budget: ~ ` - A detailed listing including line-item budget of proposed Administrative - 'Expenditures :is attached as Exhibit A. These are presented on an annual _ `'basis for each State fiscal year submitted.. - " ..a , The, City finds that the monies deposited in the local housing ,assistance trusf . .. ~ ftand shall be used- to administer and implement the local. "housing assistance plan. in accordance with. Chapter 67-37, Florida Administrative Code,;the cost of ' - administering the plan may not exceed 5 percent of the local housing . , distribution monies and program income .deposited into the trust-fund. ... The cost of administering the program may not exceed' 1 O percent of the, local housing° distribution plus 5% of program income deposited into the trust fund; . except that, small counties, as defined in . s. 120:52(17),. and " eligible - municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for.administrative costs. ~. ~: ~ The' City of Miami Beach has adopted the above findings in -fhe attached . ~ Resolution, Exh%bit E. , ~. ~ `. P: ProgramAdministration: ; ' ~ ~ ~ Administration of the Local'Housing Assistance Flan is the responsibility of the City, of Miami Beach. .The City of Miami Beach`s Office of Real Estate, Housing _ ~ & Community Development will be the primary agency responsible for carrying -6- F - City of Miami. Beach LHAP ~~ ~ i out the strategies under the SHIP Housing Assistance Plan... :The City anticipates that it will use a sponsor to carry. out program activities. In - ~ order to identify.a sponsor, the. City-will issue a Competitive Notice of funding, Availability{NOFA') for various not-for-profif and for-profit builders/developers to participate in the program. Through the NOFA process, the City will ascertain the - highest and best use of the funds in accordance with the guidelines outlined in . ~ ~ this Plan. -Selection criteria will include, but .may not be limited to: ~ ' (1) Ability to .provide strong construction management practices and to,;provide _ ~ first quality rnater-ials; including landscaping if applicable ' (2) Ability to perform all applicant selection and income certification processes in accordance with .local, state, and federal. regulations (3) Ability to comply with the City's reporting requirements . .:. (4) Total project- cost - (5) Total number of units ~ : . `(6) Leveraging ; . (7) Ability to conform to the City's plan for spatial de=concentration ' (8) Ability to provide homeowners with Home Ownership Counseling .. - ~ z ' - (9) Ability to provide individualized. training. to homebuyers on:issues such as home maintenance and budgeting (10) Ability to demo"nstrate that the organization participates in the WAGES and Workforce-:Development .Initiative Program . ~ ~ The Office of Real Estate, Housing and Community Development will review ` all responses to the NOFA to ensure compliance with the requirements of the NOFA as-well. as under applicable_Florida Statutes, the SHfP Ordinance, . ~ . Resolutions and this Plan.,. All eligible .applications will be submitted to he ,- City's Loan Review Committee.. The Committee will' review elf applications in accordance with the criteria as outlined in the NOFA. _ ' Q Essential Service Personnel . , ._ ` ~ ~ In accordance with. Rule. Chapter 67-37.002(8) F.A.C. and Chapter 67-37.005(8), F.A.C. and. Section,420.9075(3)(a) FS, "Essential Service. Personnel" are defined as `~,~ ~t .~ . ~ - -7- - ,~ ,F -, -~ i, ' .} { i City of Miami Beach LHAP ' - ~ to income-eligible employees'of Miami Beach :businesses and. organizations in the ~' following industries:. ~ - " , ._ a. Accommodations and Food Services (including arts, .entertainment and - recreation); . b. Retail Trade; ~. c. Public Administration (including City of Miami Beach employees); d.~ Health .Care; and t e. Education (including` public school district employees). ' . . . .- , IL E LHAP HOUSING STRATEGIES: ` . , ` NOTE: In the event preference is given to Essential Service Personnel, plan text must so state pursuant to - , . Chapter 67-37.005(8):.F.A. C. , ' , . Description: '~ - A. Housing'Rehabilitation: ' a: Summary of the` Strategy; Rehabilitation of single family, first-time` home buyer_orgwner-occupied: housing.. - . The ~Frogram will. provide rehabilitation assistance to very low, low, and . moderate income owner occupied single family detached housing and , ~ condominiums located within the corporate limits of the City of Miami - _ ~ . 'Beach. lJp to fifty {50) percent of the funds will be targeted to assist: ` Program participants who are Essential Service Personnel, included but not lii~nited to the categories ,listed on Section I (Q) of this Plan. If the . ~ ' ~ demand for assistance from this target population is not sufficient to fully . utilize these funds, the 'balance of the funds will: be used- to assist participants who are not from the target group. `Rehabilitation'': will be defined as repairs or improvements that are ` .needed for safe or sanitary habitation, correction of substantial code LL - violations, or the creation of additional living.. space.. Housing - rehabilitated with SHIP funds must meet all applicable local codes, ' ~ rehabilitatioh standards and ordinances, including, but not limited to, `" zoning c~rdinarices. All projects -must comply with the South Florida ` ; ' Building Code, Miami-Dade County Building-Code, and City of Miami . Beach Building Code. Additionally, all. projects must comply with all" - ~ ~ - other applicable laws, rules and regulations. ~: - " . ~ Thee City infends to exercise flexibility in determining whether condominium units for this. strategy maybe .purchased/ rehabilitated at individual sites or to allow the purchase/rehabilitation of several units in . °" " ' ~ ~ one .building, not to exceed more than one fifth of the: units in the _+,! ~ .:i ' 4 - ~ _ - " - City of Miarni Beach LHAP building. In .general,, the City will stress the need for the spatial de- ' ~ ~ concentration of assisted housing units throughout the City. ". - Disaster Mitigation/Recovery: As part of the Rehabilitation Strategy, ` i only,~in the event of a natural disaster as declared by the President of the United States or the Governor of the State of'Florida, the City will commit all unencumbered SHIP funding available, as well as any other additional '~ disaster funds that may become accessible through the Florida Housing. Finance Corporation. or any other emergency funding sources. .Disaster - ~ _ ~ ~ funds may be used, but not limited to, as"follows: - - ~' 1)~ Purchase of ,emergency supplies 'for eligible households .to . weatherproof damaged homes; - 2) Interim repairs to prevent further. damage, tree and debris.removal m required to make the .housing unit habitable:; 3) Payment of insurance deductibles for rehabilitation of homes covered under, homeowners' insurance policies; and- . 4) Other activities as .proposed bythe'Federal Government,- counties and eligible. municipalities and approved by Florida Housing Finance , ' , s Corporation. , ` ~: Rehabilitated units and newly-constructed housing-utilizing SHIP funds - - mustinclude atleast four.(4) of the followinc,~green strategies in orderto '~ ',, .. .promote environmentally sustainable housing: 1) Energy conservation (including ..Envelope and 'Equipment) - .. ~ ': _ " 2) V1/ater conservation . ~ ~ 3) Preservation of wildlife habitat" - ~ ..4_ Healthy environment . ` . 5) Durability (including sustainable: rnaterial~ ~ ~ ' ' ~ 6) Access and transportation °,: . Further~udance is provided via Green Home Certification Schedule.A . ~ Version 50 by the Florida Green Building Coalition Inc. ' b. Fiscal Years Covered: 2010/11. 2011 /12 and 2012/13 ~~ ~ , ~ c. Income Categories to beserved: Eligible persons/households that are ~..., . very low, low; or moderate income. See also Section I (L) of this Plan. `` ~ d, .: Maximum award as noted on the Housing .Delivery Goals Charts:. - ' i $40-,000. 7 "- e. ~ Terms, (Recapture and Default: Fifteen (15) years deferred ,payment `''i . -9- k ' ~ City of Miami Beach LHAP t, -' loan at 0% interest.- Full balance due if property is sold',. rented,. x refinanced or the- property fails to~ be.the primary residence during the ~. . - . ~ fifteen year term. Notwithstanding the previous restrictions, the owner ' .. , shall be allowed to refinance without being subject to the provisions set forth therein so long .as the amount of the refinancing.. does"not exceed _. . - ,the then outstanding balance ~of the first mortgage. Subordination will only be approved if ..the refinancing- will lower the current mortgage ' payment and/or interesfi rate. . ~ ' , ~ .. In the event that_property is refinanced within 12 months of the expiration of the affordability period; and the refinance includes acash-out of ~. ~ equity, the City shall be reimbursed using the following formula: ' ~ Dollar_Amount.of Lien multiplied by [Number of Months. Remaining on Lien//Total Months of Lien..Period] =Reimbursed Amount The City's interests will be secured through the execution of a mortgage. ` ~ ~ ~= ~ o.and note ~as well as a Restrictive Covenant delineating the affordability... . . period and terms. ~ . . a '° ~ f... Recipient Selection Criteria: All recipientsof assistance must meet the ~ , applicable eligibility-requirements as stipulated in the Florida Statutes, SHIP Rule, and this Plan. Applicants wilt be selected from, a waiting list .. on a first come, .first .ready basis. According to the SHIP 'Program „.~ .- . ~ ~ ~ regulations, "30% of the total number of recipients of assistance must be °~ ~ very low income applicants; 30% may be low-income applicants and the ~. , . balance will be assigned.. to ,moderate income applicants. . g. Sponsor Selection Criteria:.See Section I (P) of this Plan.. ' ~ ~ ° ' .h. ~ Additional Information:. Mobile homes and trailers are not eligible for ` , this strategy. Eligible housing must be located within the corporate limits _ of the City of MiamiBeach. B.: `New Construction: a. ~ ~ Summary of they Strategy: To develop homeownership opportunities, ; the City will assist very low, low, and moderate income buyers: and ' . ,. persons with special :needs to purchase affordable housing in Miami. . ': -. Beach: . . Rehabilitated .units and newly-constructed housing utilizing SHIP funds ,~- ~ must .include at least four (4) of the following green strategies in order to .. promote environmentally sustainable housing: ,.k 1) Energy conservation (including Envelope and Equipment,) ` ~. ~ -90- ~. ,. . •. ~ C ea ity of Miami B ch LHAP 2 Water conservation . ~ . 3) Preservation of wildlife habitat , 4) Healthy environment . `~ ~ ~~ _ 5~ Durability (including sustainable materials) " ~ ~ - ~ 6) Access and transportation '- ~ Further guidance is provided. via Green Home Certification, Schedule A, - . . - °. ~ Version 5.0 by the Florida Green Building Coalition, Inca ,. b. Fiscal Years. Covered: 2010/11, 2011/12 and 2012/13 c. Income Categories to be served: Eligible persons/households that are .: very low, low, or moderate income. See Section I (L) of this Plan. d. Maximum award is noted on the Housing Delivery Goals Charts: $40,000 . e. Terms; (Recapture and Default.. fifteen (15) year deferred. payment ' loan at 0% interest. Full balance due if property. is sold, rented, refinanced or the property fails to be the .primary residence during the '~ ~ ` ~ fifteenyears term.. Notwithstandingthepre~ious restrictions, the owner ' ~ shall be allowed to refinance without being,subject to the provisions set ~, , forth thereirt so long as the amount of the refinancing. does not exceed , ,, ~ ~ the then outstanding balance of. the first mortgage. Subordination will - only ~ be approved if .the= refinancing will lower the current mortgage ' ~ payment and/or interest rate. In the event that property is refinanced within 12 months ofthe expiration '' -~ ~ ~ of the_affordability period.,. and the refinance includes acash-out of , equity, the City shall be reimbursed using the following formula: Dollar Amount of Lienmultiplied by (Number of. Months Remaining on Lien//Total Months of Lien Per-iodl =Reimbursement Amount Additionally, if the unit is sold .prior to the extinction of the affordability ~~ ~ ~ period,part of the equity produced by the-sale shall ke also reimbursed _ ~ to the City ~as follows: If the unit is sold between the first and the tenth .' ~ ~ ~ year, 50% of the profit shall be paid to the City; if the unit is sold between ~ the~eleventh-and the fifteenth year, 25% of the profit shall be paid to the. . 'City.. ~ .. The City's interests will be secured through the execution of a mortgage and note as well as a Restrictive Covenant delineating the affordability ' .. .. period and terms. , -11- ~~. - ,. .: i " .. City of Miami Beach LHAP f.. ~ Recipient Selection Criteria: -Alf recipients of-assistance must meet the . `. ~ ;, ~ ,eligibility requirements as stipulated in the applicable Florida Statutes, a SHIP Rule, and this Plan. Applicants will be selected from a waiting list " - " ~ on .a first. come,. first ready. ".basis. According to SHIP Program regulations, 30% of the.total number of recipients of assistance must be " . ~ ' ° , ~ ~ very low income applicants; 30% could be low-income applicantsand the . - ~ ~~ balance. wilt be assigned .to moderate income applicants. ~ . ~ . g. Sponsor Selection Criteria: See Section I (P). ` h. AdditionaF Information: Mobile homes and trailers are not eligible for ,. ~ ~ this strategy. Eiigi,ble housing must be located within the corporate.limits .~ - - of Miami Beach. All prospective housing units must be either vacant or . ,, owner-occupied. at the time of initial purchase. AIL sponsors receiving" . ' SHIP funds will be -required to offer- Home. Ownership Training to prospective homebuyers. See Section I (J) for further information. C.•- Closing Costs and Down Payment: - " ,' ~j: a: Summairy of the Strategy: Closing costs and down payment assistance . u ~ . , . ~ ~ `will tie made available for the- purchase of scattered sites -units (e.g: '~ condominium units) undertaken,by a selected sponsor, thus providing affordable home ownership o,pportianities to qualified persons.. ,., , b:. . FiscaF Years Covered: 2010/11, 2011 /12 and 2012/1.3. -c: ~ Income Categories to be served: Eligible persons/households that are - a: ~ - very,low, lovv or moderate income. See Section I (L). - ~ ~~ i d. ~ .Maximum award is noted. on the Housing -Delivery Goals `.Charts: - $60;000 .for Very l_ow and l_ow Income Persons acid "$40;000 for _ - ' - Moderate Income°Persons ":_ ' ~ _ e. ~~ Terms, recapture and Default: Fifteen (15) years deferred payment " , loan" ;at 0% interest. "'Full balance .due if .property is „sold, rented, . ~~ ~ ~ ~ . ~ .refinanced or the property'fails to be the primary residence during the ' . , 15-year term: Not withstanding the previous restrictions,-the .owner - shall be allowed to refinance without ..being subject to the .provisions set .: forth therein so long as the amount of the refinancing does not exceed ` " ~ ,, the then outstanding balance :of the first, mortgage. Subordination will. ;.. ,. ~" ,. onf be a roved- if the refinancin a y pp g will lower the current mortgage - ~~ ~- payment and/or interest rate. , In the event that property. is refinanced. within 12 months ofthe expiration ~- '' ~- " of the affordability period; and the refinance includes. acash-out of equity. the City shall be reimbursed using the following formula:, . r ~ v;~°~- - . ;- .. _ -T2- C't f M' ` B h LHAP ~ y o iami eac • Dollar Amount of Lien •multiplied by~ (Number of Months Remaining ~on Lien//Total Lien Period] = Reimbursernent.Amount ~- . ~ Additionally, if the unit is sold prior to the extinction of the affordability .period, part of the equityproduced by the sale shall tie reimbursed to the . City as f®Ilows: If the unit is sold between the first and the tenth year, -~ ~ - ~ 50% of the ~rofit shall be .paid. to the. City; if.the unit is sold between the .. ~. - ~ 1~1 th and 15 year, 25% of the' profit shall be paid `to the City. i. _ . ~ _ The City's interests will be secured.throughthe execution of a mortgage -. and note as well as a .Restrictive Covenant delineating the affordability . , . ;period and terms.. . f.. Recipient Selection Criteria: All recipients of assistance must meet the eligibility. requirements as stipulated in the applicable Florida Statutes, `SH'IP Rule, and this Plan.. Applicants. will be selected from a waiting list ; ~~ on a first come, first ready basis. • According #o SHIP Program regulations, 30% of the total number of recipients of assistance must be very low income applicants; 30% maybe low-income applicants; and the balance will be assigned to moderate income applicants. g. Sponsor Selection Criteria: See Section l (P) of this Plan. h. Additional Information: Mobile homes and trailers are,not eligible for this strategy. Eligible housing. must be located within the corporate.limits `° ~ of the City of Miami Beach. All prospective housing units must be either vacant ar owner-occupied at the time, of initial purchase. All sponsors ,~ • receiving SHIP funds will be required to offerHome Ownership Training ' to prospective homebuyers (See Section I (J) of this Plan for further information). -. - ~ . - LL ~ ~ D.,~ - Rehabilitation~of Multi-family Buildings for CondominiumyConversion: - ~ a. Summary 'of the 'Strategy: Rehabilitation of .vacant .multi-family . buildings to be converted into~condominium units to be offered to income ' eligible participants. 1n .buildings with .ten (10) or less units all the uriits will be provided to `income eligible; participants in the homebuyer ;, ~ ' ~ program. In buildings with more than ten (10) units, up to forty percenfiof f ~ the-units will be provided through the program and the. balance of the .units could be sold at market rate. Any profits in an eligible project will. - ' be utilized to provide additional homeownership. opportunities. Rehabilitated units and newly-constructed. housing utilizing SHIP funds 5 must include at least four (4) of the following green strategies in order to . , ~ promote environmentally sustainable housing: -13-. ' .,` ~ ~ ~ ~ City of Miami Beach LHAP . ~ 1) Energy conservation .(including Envelope and Equipment ' 2) Water conservation - 3) Preservation of wildlife habitat . 4) Healthy environment ~~ ~ ~ ~ Durability (includirig sustainable materials): . - - ' 6) Access and transportation . Further guidance is_provided via Green Home Certification, Schedule A, Version 5.O by the Florida Green Building Coalition, Inc. - ~ ~ b. Fiscal :Years Covered: 2010/11, 2011 /12 and 2012/13 . c. Income Categories to be served: Eligible persons/households that are . ~ very low, low, or moderate income. See Section 1 {L) of this Plan. ~- ~ .. . d. Maximum .award is noted on the Housing Delivery Goals Charts: $40,000 e . " e. Terms, Recapture and Default: Thirty (30~ year deferred payment loan '.. . r ~ , ~ at 0% interest. Fuli balance due if propertyis sold, rented, refinanced or . ~ the property fails to be used for affordable housing during the thirty year . ~. . term. The City. may impose a reverter provision at the end of the term if it is found 'to be. in the .best interest. of -City to maintain the affordable ~~housinq beyond the affordability period.- Notwithstanding the previous restrictions, the owner shall be allowed to refinance without being subject ., to the provisions set forth therein so Tong as the amount. of the . refinancing does not exceed the then outstanding. balance of the first ~~ ~ mortgage. Subordination will. only be.approved if the refinancing will - lower the current mortgage payment, and/or interest rate. Additionally, if the building is sold after the tenth year of the affordability eriod but prior to the extinction of the affordability period, in addition to .:~ the full' repayment of he SHIP loan, part of the. equity produced by the.. sale shall be also reimbursed to the City as~follows: - If fihe unit is sold- ' ,~ ~ _ between the. eleventh, and twentieth. year 50% of the profit shall be paid . _ ~ to the City: if the Units is sold between the twenty-first and thirtieth year ~. y. .30% of the profit. ..~ The City"s interests. will be secured through the execution of a mortgage ' ; . and note as well as a Restrictive Covenant delineating the affordability- ` period and. terms and City's reverter position, if applicable. , ' ' ~ ;f. ~ Recipient Selection Criteria: All recipients of assistance must meet the ~~. 3 ,. .. - ~ -14= - ..~ ,. . . ' ~ City of Miami Beach LHAP 'eligibility requirements' as stipulated in ahe applicable Florida Statutes, - E ~ ~ SHIP Rule, and this .Plan. Applicants will be selected.from a waiting list ~on. a first come;. first ready basis. According to SHfP `Program regulations, 30% of the total number of recipients of assistance .must be _ ., ~ r `; ~ ~ - very low inaomeapplicants;-30% may be low-.income applicants, and the ~. ~ ~ balance will 'be assigned to moderate income applicants. ., . ~ ~ g: Sponsor Selection Criteria: See. Section I (P) of this-PJan. ,, . .' h. ~ _ Additional Information: Eligible .housing must be located within the corporate limits of the City of Miami Beach. All prospective housing units .. ~ ~ ~ must be either vacant orowner-occupied at the time of initial purchase. ~ All sponsors .receiving SHIP funds will be required to offer Home ~ ~ . Ownership Training to prospective homebuyers (See Section. I (J) of this ` . Plane). E. ~ Rental Housing Development: - ~ ~ ~ `a. ~ Summauy of the Strategy: SHIP Program funds will be made available ~ towards the rehabilitation of yacantmulti-family buildings to be converted . ~ into rental units to be offered to income-eligible participants. In buildings ,~ ~~ with ten (10) or less units, all the units will be provided to income eligible . j ' participants in the program. 1n buildings with more than ten units, up to 'forty percent of .the .units will be provided through the Program in . '~ accordance with SHIP Rule and definedpercentages of funding allowed ` for rental units. The balance of the units will be distributed in accordance . to other. funding sources rules and regulations. -.Rehabilitated units and newly-constructed housing utilizing SHIP funds " must include at least four (4) of the following-green strategies in grder to .promote environmentally sustainable housing: 1) Energy conservation. (including Envelope and Equipment) 2) Water conservation . ' 3) Preservation of wildlife habitat ~~ ~ 4 Healthy environment ' ~ ~ 5}'Durability (including sustainable rnaterials~ . 6) Access and transportation . ,- , Further guidance is provided via Green Home Certification Schedule A - ~ Version 5.0 by the Florida Green .Building. Coalition Inc. ~ - . b. . ~- - Fiscaf Years Covered: 2010/11. 2011/12 and 2012/13 c, Income categories to be served: Eligible persons/households that are - ~ 'very low, low or moderate 'income. See Section i (l_) of this Plan. -15- ~r , ;i ., -. a City of Miami Beach LHAP ~` ~ ~' ~ d. Maximum"award is noted on,the Housing Delivery Goals'Charts: :. :: ; . ~ $40;000 e. Terms, Recapteare and Default: A Thirty (30) year deferred payment' ` loan at d% interest:. Full balance of the SHIP subsidy will, be due, if the :.. property is sold or 'transferred, or the property fails to be used for ~ affordable housing during the -thirty near term. The City may impose a ~~ ~ reverter provision at the end of the term if it is found to be in the_best ~~ interesf of City to maintain the affordable.. housing beyond the ~:. , ~ affordability period... , - .Additionally, if the building is sold after the tenth year of the affordability . ep riod but prior to the extinction of the affordability period; in -addition to the full repayment of the SHIP loan, part of the equity .produced by the sale shall be also reimbursed o the City as follows: If the unit is sold _ • ~ ~ ~ between the"eleventh and twentieth year, 50% of the profiit shall be paid' . ' - ` ~ to .the City; if the units is sold between the #wenty-first and thirtieth year, . ~ ~; . - ." ; ' 30% of the profit. ~' ~ The City's interests will be` secured through. the execution of a mortgage _ ~ ~ ~ , and~note as well as a Restrictive Covenant delineating the affordability .. A period and terms.. - f. Recipient Selection Criteria: All recipients of assistance must meet the _' ' ~ ~ . ~ eligibility-requirements a5 stipulated in the applicable Florida Statutes,. ` i , ~ SHIP .Rule, and this Plan. Applicants will be selected from a waiting list - ° ; on a first come, first ready basis:- According to 'the SHIP Program _ . . .- ~. regulations, 30%-of the total number of recipients of assistance must be . ~k . very low income applicants.30% can be low-income applicants, and he . . - balance will be assigned' to moderate income applicants.. - g. Sponsor Selection Criteria:'See Section I {P) of-tliis Plan.. h. -Additional Information: Mobile homes and trailers are not eligible for this strategy. Eligible housing. must be located. within the corporate limits:. . ~ ofi'Miami Beach. Alf ,prospective housing units must be either vacant or. =. ' ' , ' . ~ owner-occupied at the time"of intialpurchase. . F.' Workforce .Housing: a. Summary of the Strategy: Acquisition/Rehabilitation of multifamily ~ . _ ~ buildings to.provide rental units to Essential Service Personnel. Down .. payment, closing costs and rehabilitation assistance will be also provided to Essential Service,Personnel (as defined in Section I ~(Q) of this Plan} ' ~ for the purchase" of scattered housing that will be occupied as their. .. ~ 4 .. _ 1~6 _. _ ~ - . i ' ,' .. City of Miami Beach LHAP primary residence. ~. ~ ~ , ~ Rehabilitated units and newly-constructed housing utilizing SHfP funds . a. must include at least four (4) of the following preen strategies inorder to ~. promote environmentally sustainable housing_ . , ~ 1) Energy conservation (including Envelope and Equipment) 2) Water conservation - 3) Preservation o'f wildlife habitat 4) Healthy environment . '. ~~ ~ ~ 5) Durability {including sustainable materials) ` ~ ~ 6) Access and transportation Further guidance is provided via Green Home Certification, Schedule A, ` Version 5.0 by the Florida G"seen Building Coalition; Inc. ~ • .; b. .Fiscal Years Covered: 2010/11, 2011./12 and .2012/13 . _ c. Jncome Categories to be served: For the segment of SHIP funding in the.;project; the Program will serve eligible persons/households that are e very low, low, or moderate income (up to 120% AML).- Other funding ` ? .sources will be also availableto applicants at or below 120% AMI. See . Secfion l (L) of this Plan: Income categories for services provided under otherfunding sources, could be up to 140% of Area Media Income or as determined by the criteria of such sources. T . d. Maximum award~is noted on the Housing .Delivery Goals Charts: $40,000 ' ~ - ~~e. Terms,.112ecapture and Default: A Thirty. (30) year. deferred payment ' loan at 0% interest.. Full. kialance of the SHIP subsidy will be due if the . ~ property is `sold: or transferred, or the property fails to be used for ", •: affordable housing during the thirty year term.. The City-may impose a reverter. provision at the end of the term if it is found to be in the. best . interest of .City to maintain the _ .affordable housing beyond the .affordability period. ~~ - ' Additionally,. if the kiuilding is sold after. the tenth year ofahe affordability ' ~ ~ ep riod but prior to the extinction. of the affordability period, in addition to ' ~~ ~ the full repayment of the SHIP loan, part of the equity produced bythe ". sale shall be also reimbursed to the City as follows:. If the unit is sold a _ - ~ between the eleventh and twentieth year 50% of the profit shall be paid ` ~ 4- ~ to the City; if the units is sold between the twenty-first and thirtieth year - ~ 30% of the profit. _. • ~ . . -17- .,. , . ,. ,;, . ~ . , , "City of Miarrii Beach LHAP . ~ The City"s interests will be secured through the execution of a mortgage LL - and.. note as welt as a Restrictive Covenant delineating.the affordability ;. period and terms. , . f. Recipient Selection Criteria: All recipients of SHIP assistance must -~ ` meet the eligibility requirements as stipulated in :.applicable Florida Statutes, SHIP Rule,. and this Plan. Applicantswill be selected from a waiting. list on a-first come, first ready basis. According to the SHIP Program regulations, 30% of the total number of recipients of assistance ' ~ -must be,very low income applicants; 30% may be low-income applicants, - and the balance will be assigned to moderate •income applicants. g.. Sponsor Selection Criteria: See Section I (P)"of this Plan. h, Additional Information:.. Mobile homes and trailers are not eligible for - this strategy. Eligible housing must be located within the corporate limits of the City of Miami Beach. All prospective housing units must be either vacant orowner-occupied at the time. of initial purchase. ' ~ G. ~ Foreclosure Prevention Stratepy: a. Summary of the Strategy: Provision of one-time assistance to assist _ income-eligible homeowners afi risk of foreclosure as a result of delinquency or non payment of special:;assessment, and/or default of "y ~ their mortgage payments if such default was caused' by unforeseen ' circumstances such as loss of income, divorce, medical:issues, special assessment (i.e: 40-year certification, roof replacement, construction, or ._ rehabilitation), etE Participation in housing and credit counselin will be . • ~ ° required for households receiving this assistance, and participants must - ,' - demonstrate capacity to sustain the housing.: if they receive this assistance. Assistance can only be provided for SHIP eligible activities. ,. b. ~ Fiscal Years Covered:- 2010/11: 201.1/12 and 20-12/13 . c. ~ Income Categories to be served: Eligible persons/households that are ~ ~ very low; low or moderate income. See .Section I (L) of this Plan: `~ d'. Maximum award is noted on the Housing Delivery Goals Charts: - . i ; ' 10 000 e. Terms, Recapture and Default: A Fifteen (15) near deferred payment . ~ s loan at 0% interest. Full balance of the SHIP subsidy will be due at sale ._ In the event that property is refinanced within 12~months of the expiration . of the affordability period, and the .refinance "includes acash-out of ,, _ ~tligJ ' ..., ~ . :' :. ~ - ... - -18- • ., ', _ ~ ~ City of Miami Beach LHAP ' ~ - equity,. the City shall be reimbursed. using the following formula: - ~; Dollar Amount of Lien multiplied by (Number of Months Remaining on Lien//Total Lien Periodl =Reimbursement Amount ,. ; The City°s interests will be secured through the execution of a mortgage ` : 3 .. - ~. and note as well as a Restrictive Covenant~delineatinp the affordability _ ,. period and terms: ' ; : ~ f. Recipient Selection Criteria: All recipients of SHIP assistance must meet the eligibility requirements as stipulated- in .applicable Florida Statutes, SHIP Rule, and this Plan. Applicants will ~be selected from a waiting liston a first. come,- first ready basis. According to the SHIP ` ' Program regulations, 30% of the-total number of recipients of assistance must be very low income'applicants; 30% may be low-income applicants, ' ` : " ~ ~ ~ . and the balance will be assigned to moderate income applicants. ~. - g. Sponsor Selection Criteria: See Section I (P) of this Plan., _ h. Additional Information: Housing at risk of foreclosure must be located - within the corporate. limits of the City- of Miami.Beach. Assistance .can . ~ ~ only be provided for. elig'ible expenses. . . " .~ 111.; LHAP INCENTIVE STRATEGIES - ~ - In addition to Strategy A and Strategy B listed below, list all. incentives as provided in . ; 420.9076(4) FS. . ` ~ ~ A. ~ Name of the S#rategy: Expedited Permitting Permits as defined- in s. 163.3164(7) and (8) for affordable housing ` projects are expedited to a greater degree than other projects. i ~ a. Established policy. and procedures: This incentive gives ..priority to designated affordable housing projects when scheduling pre-design _ ; conferences with relevant City agencies including, but not limited to: Fire, ~~ "~' ' ~~ ~ Planning and Zoning, Building, Historic Preservation; and the Office of ~~ Real Estate, Housing and Community Development. Also, when the .. plans are ready for permitting, first .priority is given,; further, the City has , developed a form to .identify the projects reviewed by the Office of Real ' Estate, Housing & Community Development. The incentive was enacted . ~ ~" by administrative action on February, 1997. ' ~ - - B. Name of the S#rategy: Ongoing Review Process ., The Florida Statutes require local government to establish aprocess-by ~' "~ ` which a local government .considers, ,before adoption, policies, -19- v City of Miami Beach LHAP procedures, ordinances, regulations, or plan revisions if it increases the cost of housing. a. Established policy and procedures: Prior to the adoption of any proposed policy, procedure, ordinance, development plan, regulation, or Comprehensive Plan amendment that might impact housing, the planning division circulates the agenda item. The Office of Real Estate, Housing and Community Development shall review the agenda item and if there is an impact, the agenda item shall contain a good faithestimate of increased cost per unit. The incentive was enacted by administrative action on February.1997. -20- Exhibit A ADMINISTRATIVE BUDGET, City of Miami Beach LHAP -21 - "ADMIN'ISTRATNE BUDGET FOR EACH FISCAL YEAR ~ Exhibit A ., ... .. "' Title: LHAP Template 2010 -- t Exhibit A Admin Bud et ~ . rro. oo ` ~ ` ~ ° . ~ .Fiscal Year 2010/11 6~-3~.oos~1~, F.A.c: . ' _ ~ Effective Date:, 7/10 . - .. _, ` ~' Salaries and Benefits $ 32,000.00 'Office Supplies and 'Equipment $ 1,000.00; ~ " Travel Perdiem Workshops, etc ~ $ 1,000.00 ; . ~ . Advertising ` , $ 1,000.00 .. ` . - Total $35,000., . Exhibit B TIMELINE City of Miami Beach LHAP - 22 - E w` ' ~ . d a _ E 0 O C d r •-. •C A ~ ... N . a t0 } _ v N ~ ' _ .T LL O N N LL x 6 •~ • ~ ~; . ~ ~. ~ N , ~ .q ~ ~ O ~ M C y p d 'O O 4 O C C c ~ w a ~ °- c °' rn ~- o v c N o' 'a _3 . 3 O E . N y Lr N ~ L L W O. W ~ N w , d r N L O L C E '~ `° ° L v LL O d d v ~ E O . A L' C ; C o O A m N ~ E v . LL o A T O ~ y C C 3. ~ C N ~ ~; tll ~ a d .. .•~ c a w ' ~ ~ c d ~ c 10 am E °' m E E m a ~ a ~' : a L . ~ v .c ~ D E c c a a a E d > v v c m a x a ~ a ~ m ¢ w w M T F 0 J C O Q r N M V - - W C ' O .~ N D City of Miami Beach LHAP Exhibit C HOUSING DELIVERY GOALS -23- ' O O ~" O O h O ~ O O O O O O .- __._. ~ ~ i LL. _ Q c ~ c qq ~ ~ m ~~ ~ _ ~ _ e ~ ~ ~-o o e o o o o o o o o e o 0 0 0 0 ~ O O y ~ ~ rn ~ O o O 0 O 0 O .o O O O o W cn R ~ 9 O 0 O 0 O 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 O o ~ ~ i. W ~ ~ O O ~ O O N v O O O O O O O O N 00 M ~, °~ ~ O ~ a ° a o 8 a a. a,. '~~ ~ O 0 O 0 O 0 O 0 O 0 O 0 ~ O 0 O 0 O 0 O 0 b 0 O 0 O 0 O 0 O 0 O 0 O 0 ~ c ~ ~. a ~ •• ~ ~ ~ l0 o fA. 0 69 0' 0 o fA 0 E9 o O r5 p ~ _ _ ~ A 0 £A 0 EA 0 d9 0 EA 'o 69 0 69 0 O 0 fA 0 0 0 O 't? ~ ~. '~ s' ~ m " ~ R ~ O 0 G ,t -lC p ~ . ~ ~ Q ' c v d ~ ~ ° H a ~ 3 -y a a 2 c EmE Q ~ ~ LL i' ' fA to ~ C O. O O O O G O O O ~ C f~ 'i o m ~ 4~ 69 .0 EA. O 1A O fA O fA O p ~ .. O 0 v '_~ ~ O EA 0 0 ~ O . U ~ o 0 ~ ~ 0 ~ m .o v c°O. , .~ y5 . . 4. . ~ . r-,. o.. ~~ ~ ' o. ~ ~ ' ,o E ~ y o H V.1 _ 3 ~ o 0 o 0 0 0 0 0 0 0 0 0 0 0 o 0 o 0 o 0 0 0 0 0 0 0 0 0 0 0 ~ ~ .a m O EA O EA O O O . f9 .O EA O o O O, . -. n m O Uj ~ O to O O E Q O v> O <fn O o0 O 00 m ' O O O y. O c o 0 M ~ ~ m. K ~ ' C O , - N ti ~. ao N a m O a - a0 .cp O a `n ~ ~n ~ ~~ m. a . S EA fA y S N EA ~ O ~ G K •y C y a . N ~ c c ~ `W .. ~. c,, O o O ` O O Q O c O O O d a )- C ~ O O' O O O O O ~ '` O ' O O v ~ ' ~ > >. m b9 f!) b9 69' EA Ei? fA =. N fA fA fA . ~ ~ LL ~ Q ~ o ~ o ° d ~.~ 61 ' ' ~ . L °" ~ ~ U. a U a $ , ,. Z o _LL 1 tL _ ~ > m z y ~ _ y m ~ ~ ~ c N c W ~ Q , a ~. E '~ ~ . a N ~ I - 'N a 0 O 0 O o O O 'O o O o '' O a o O ~ ~: . o d. ~ ~ 'c d = v o 0 0 0 o a (~ = Z ~ ~ ~n ': ° a o r t ~ '. ~ g ; - W U ~ 0. ~ O O. .'O O O N N ~ " O - O N ~ 9 . Q W 7 ~ N $ o Z ~ Z c v v o 0 0 M ~ (I) o. 2 V'' ' O O O O O O a = v O O m ch N O O O O N IL ' ~, ~ ,. y . w O O O O -O O y m O ' ~ - m. d' a . GO ~ ~ Q ~ a ~ ~ ~ ~ ~ is, ~, a ~ , ~ 0 i '^ ~ ' ~ ..1 ~ ~J ~ U w O y Q A ' Q" ® U V `= v O O o' 0 ` 0 0 = a 0 0 0 0 ~ g ~ y A O ~ O ~ O ~ O ' ~ O- ~ O y m O 00 00. ts~ W m ~ a «,` ~ a ~ ~ ° S .~ ~ ~ ~ v F - O: .. ea - , . ~ O O N. O' .O c7 iq , O p 'LLB Q Oo 0 C. ~... ? _ ~ ? 00. ~ ' W . -' O U W ~ L Q r a °' ~ ~ r ~ c F' ~ c ' a S ~ a ~ o O ~ ~ . ~' y N N ' w c p ~ rn o ~ ~ p Y E _ w d > d J ~ ~ b a ~ r ~ d o W Z C9 W .. d c ~ ; ~ ~ w d E C E C ~ 2 9 C 0 3 0 N . ~ . ~ . ~ ~ O x m A o < - ' m d. ~ ~ g q a c' S d E w r ~ - °~ v a ~ : q m Q a ~ E ~ c a Q ~ O O ' L •x at K ~ O ~. y H ~ > ~ N 'c 'l c 0 G Z g d ~ ~ Q O V. O J. y ~ ~ . w :. Y U ~ ~ ~ • E E ~ E ~ ~, 0. d ~' 3 ~ o • .. - ~ ~ - Exhibit D CERTIFICATION PAGE City of Miami Beach LHAP - 24 - "" Title: I.I-IAP Template 2009 No. 001 Effective. Date: • 11 /09 ` ~ Exhibit D . " CERTIFICATION TO -. ~ ,. .FLORIDA HOUSING FINANCE CORPORATION Name of Local Government:. City of Miami Beach. Florida " r (1)~ The° local goverrment will advertise the availability of SHIP. funds pursuant to Florida .- . Stafutes: ~~ (2)? All SHIP funds will be expended- in a manner which will .insure that there will be no discrimination on the basis of race, creed, religion, color,. age,~sex, familial or marital status, handicap.:,. or national origin. : (3)~ ' _ " . A process for selection cif recipients for funds has been developed. ~; (4)'r The eligible municipality orcounty-has developed a qualification system for applications fi awards. . `;' . _ ~ (5)~ Recipients of funds will 6e required'to contractuallycommit to program guidelines. - s ` ~~ (6)`~ The Florida Housing Finance Corporation will be notified' promptly if the local ~ " ~~ ` government (or interlocal. entity) will be unable to comply with the provisions the.plan. • (7) The Local Housing Assistance°Plan. shall provide for the expenditure of SHIP funds within 24 ,. months following the end of the State fiscal year in which they are received. { ;• {8) ~, The plan conforms to the Local Government Comprehensive Plan, or that an amendment. -; to the Locale Government Comprehensive Plan will be initiated at the next available " ~ opportunity to insure conformance with the, Local Housing Assistance Plan: (9); Amendments.to the approved Local. Housing Assistance Plan shall be .provided to 'the ` . - -. _ ~ Corporation with irr 21 days after adoption.- , • . - (10), The trust fund shalt be established with a qualified depository for all SHIP funds as well as moneys generated from activities such as interest earned on loans... • = :(1'1!) • Amounts ondeposit in the local housing assistancetrustfund shall be invested as permitted } bylaw. . (12) The local housing assistance trust fund shall.be separately stated as a speciai revenue fund: " •. in the local governments audited financial statements, copies of the audits wilt be forwarded " , ~"to the Corporation as soon as available. ' ~(13.) An interlocal entity shalF,have its locale. housing assistance trust fund separately audited for " _ each state fiscal year, and the auditforwarded to the Corporation as soon as possible " (14!) SHIP funds will not be pledged.for debt service on bonds or assent subsidies. . k. '~ 1 ~ ~ ~ ~ ~ " ,, Title: LHAP Template 2009 " _ No. 001 67-37.005(1), F.A.C. - Effective Date: 11/09 " . ; . Exhibit D (15) Developers receiving.... assistance from both SHIP and the Low .Income. Housing Tax Credit ~ (L.IHTC) Program shall comply. with .the income, affordability and other LIHTC - requirements; .Similarly; any units receiving assistance from other federal programs shall comply with all Federal and, SHIP program requirements. " (16} . Loans shall be provided, for periods not exceeding 30 years, except for deferred payment. - 'loans or loans that extend beyond 30 years which continue to service eligible .persons. (17) Rental Units constructed. or rehabilitated with. SHIP funds shall be monitored at least annually for 15 years fir compliance with.-tenant income requirements and affordability .~ ~ ~ requir'ements or as required in Section 420.9075 (3)(e) ;~ . a ~ • -, . (18) The Plan meets the requirements of Section 420-907-9079 FS, and Rule Chapter 67-37 • FAC, and how each of those requirements shall. be rnet. (19) The provisions of Chapter 83-220,Laws of_ Florida has or_X has not been implemented.' (note: Miami-Dade County will check "has") . .. ,. a j Chie Ele d Offj. ial o 'designe - , Type Name and Title ~~ Exhibit E ADOPTING RESOLUTION • City of Miami Beach LHAP - 25 - .~ April 14; 2010 City;Commission Meeting /CONSENT AGENDA / C7 -Resolutions C7K A Resolufion Approving And Adopting. The Attached Local Housing Assistance Plan For The:State Housing Initiatives Partnership (SHIP) Program For Fiscal Years 2010/11, 2.011./12, And 12012/13, As Required By The State Housing Initiatives Partnership Program Act, Subsections 120.907-420.9079, Florida Administrative Code; Authorizing The Necessary . ~ Certifications By The Mayor And.The City. Clerk; Authorizing Submission Of The Local Housing Assistance'Plan For Review And Approval By The Florida :Housing. Finance Corporation; Authorizing The Appropriation Of SHIP Program Funds For.Fiscal Year 2010/14, 2011/12, And 20.12/13 InAmounts To Be Determined, Or Such Final Allocation Amounts, As Adjusted By The. Florda,Housing. Finance Corporation; And Authorizing The Appropriation Of Any Interest Accrued Thereon, For Eligible Activities lJnder The SHIP Program Rules. (Real Estate,.Housing.&Gommunity Development) . ~ ACTION: Resolution 2010-27370 adopted. `Patricia Walker to appropriate the funds. Anna Parekh to .handle. J .. t' . ` .. ~. _ t: Prepared by the City of Miami Beach -City Clerk's. Office ` Date printed: 05/03/2010 Time printed: 4:25:23 PM ~ , Soarce Database: M:\$CMB\CITYCLER\folio4.2\Clerkfolio.nfo .. . .,, .. f ' i .k ., RESOLUTION NO. J ~ A RESOLUTION OF THE MAYOR AND CITY- COMMISSION OF THE CITY OF - ! ~ ~ `' MIAMI BEACH, .FLORIDA, .APPROVING AND ADOPTING THE ATTACHED . LOCAL HOUSING ~ ASSISTANCE PLAN -FOR THE STATE HOUSING F INITIATIVES PARTNERSHIP (SHIP) PROGRAM FOR FISCAL.YEARS 2010!11, 2011112, AND 2012/13, AS REQUIRED BY THE STATE HOUSING INITIATIVES ' ~ ° ~ PARTNERSHIP PROGRAM ACT,. SUBSECTIONS 120.907-420.9079, FLORIDA . ' • ADMlNIS7RATIVE CODE; AUTHORIZING THE NECESSARY CERTIFICATIONS BY THE MAYOR'AND THE :CITY CLERK; AUTHORIZING SUBMISSION OF THE . : :~ ~ ~ t~ ±LOCAL HOUSING ASSISTANCE-PLAN .FOR REVIEW AND APPROVAL BY . x ~ THE FLORIDA Ii0US1NG fINANCE CORPORATION; AUTHORIZING .THE '~: = APPROPIATION OF SHIP PROGRAM FUNDS FOR FISCAL YEARS 2010111, ~' _ 2011712 AND.Z012/13 IN AMOUNTS TO BE DETERMINED, OR SUCH FINAL `,I "" ~ ~ ALLOCATION AMOUNTS, AS ADJUSTED BY THE FLORIDA HOUSING ~! FINANCE CORPORATION; AND .AUTHORIZING THE APPROPRIATION OF '. ANY-INTEREST ACCRUED THEREON, FOR ELIGIBLE ACTIVITIES UNDER .' THE SHIP,PROGRAM RULES. WHEREAS; the State of Florida enacted the William E. Sadowski Affordable Housing Act ~. ~ ~ ` (the Act}.on July 7, 1992, allocating a portion of new and existing documeritary stamp taxes on '` ~ deeds to local governments for development and maintenance of housing through the State `. ~ ~ ` Housing Initiatives Partnership (SHIP) Program; and WHEREAS, the Act requires that in~ order to'qualify for funding; local governments prepare and submit a Local Housing Assistance Plan outlining how the funds will be used; and WHEREAS, on April 14, 2007, pursuant to Resolution No. 2004-25537, the Mayor and City ~ - Commission approved and adopted a City of Miami Beach Housing Assistance Plan for Fiscal . ' - Years 2007/08; 2008/09 and 2009!10; pursuant to the requirements of the. Act and the SHIP ' ~ ... ~ :, Program Rule, issued by the Florida Housing Finance Corporation; and ; WHEREAS:; 10% of the Local Housing Distribution and five percent of accrued interest is , . ' allocated to pay foraadministrative.costs; and WHEREAS, the Administration has prepared a new Local Housing Assistance Plan, as ` ~ attached to this Resolution, for. Fiscal Years 2010/1:1, 2011/12 and 2012/13,. in order to qualify to ~'.. ~ receive annual allocations of SHIP Program funds for eligible housing.activities; and. 5, WHEREAS; this, Resolution authorizes the appropriation of SHIP Program funds for Fiscal Year2010/11, 2011/12 and 2012/13 in amounts to be determined by the State;:or such final allocation amounts, as adjusted by the Florida Housing Finance Corporation; and authorizes the ~ , ' appropriation of any interest accrued thereon, for "eligible activities under the SHIP. Program i Rule. - ~. ` ~ NOW,_THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby approve and adopt the attached Local' Housing. Assistance Plan for the State. Housing. Initiatives Partnership.(SHIP) Program for Fiscal Years 2010/11, 2011/12-and 2012/13; authorize the . -, .. necessary certifications by the Mayor and the- City Clerk; authorize submission of the t_ocal ~' ~ ' - 211 . .. _ Housing Assistance Plan for review and approval by the Florida Housing Finance Corporation; authorize the appropriation of SHIP Program funds for Fiscal Years 2010/11,. 2011/12 and 2012/13 in amounts to be determined by the State; or such final allocation amounts, as adjusted by the Florida Housing Finance Corporation; and authorize the appropriation of any interest accrued thereon, for eligible activities under the SHIP Program Rule. Passed and adopted this ATTEST: CITY CLERK TAAGENDA120101AprIl 141ContILHAPResolutlonflnal.doc day of , 2010. 212 MAYOR APPROVED AS TO FORM & LANGUAGE FO EXECUTION 4 zl Data 0 City of Miami Beach LHAP Exhibit F. PROGRAM INFORMATION SHEET -26 , . Title: LHAP Template 2009 . No. 001 g 67-37.005(1), F.A.C. Effective Date: 11/09 . Exhibit F STATE HOUSING .INITIATIVES PARTNERSHIP (SHIP) PROGRAM ` t , INFORMATION SHEET . ~ LOCAL GOVERNMENT: Cit of Miami Beach Florida CAF ELECTED OFFICIAL (Mayor, Chairman, etc.): Mayor Matti Herrera-Bower .. .' ~ . ' ADDRESS: 1700 Convention Center Drive . ~ Miami Beach Florida 33139 ~ . " SHII' ADNIIlVISTRATOR: Lynda Charles - , " ADDRESS: 1700 Convention CenterDrive ' - ~. ; - ~ Miami Beach, Florida 33155 t . ' TI/LEPHONE:(305) 673-7260 - ~ FAX:(305) 6737772 ~ " ' EMAIL ADDRESS: lyndacharles(a~xniamibeachfl.gov '' ADDITIONAL SHIP CONTACTS: Anna Parekh -' " ~ ADDRESS:. 1700 Convention Center Drive Miami Beach. Florida 33139 ~ `. , " EMAIL,ADDRESS: annaparekh(a~,miamibeachfl.gov - q INTERLOCAL AGREEMENT: YES/NO (IF yes, .list other participants in the inter-local- agreement): The following information must b~ furnished to the Corporation before any funds can be disbursed.. LOCAL.GOVERNMBNTFMPLOYER FEDERAL ID NUMBER: MAIL DISBURSEMENT TO: N/A ._ ,ADDRESS: ~ : .. i, ` OR;IF YOUR FUNDS ARE ELECTRONICALLY TRANSFERRED PLEASE COMPLETE fiHE ATTACHED,FORM: ~. ® NO CHANGE FROM PREVIOUS ELECTRONIC FORM SUBMITTED. Provide any additional "updates the Corporation. should 6e -aware of in the space below: . ~ Title: LHAP Template 2009 No. 001 67-37.005(1), F.A:C. Effective Date: 11/09 Exhibit F Please return this form to: SHIP PROGRAM MANAGER, FHFC 227 N. BRONOUGH ST, STE 5000 TALLAHASSEE, FL 32301 Fax: (850)488-9809