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2013-28178 Reso RESOLUTION NO. 2013-28178 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND ADOPTING THE CITY OF MIAMI BEACH LOCAL HOUSING ASSISTANCE PLAN (LHAP) FOR THE STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM FOR FISCAL YEARS 2013/2014, 2014/2015, AND 2015/2016, AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420.907 - 420.9079; AUTHORIZING EXECUTION OF THE NECESSARY CERTIFICATIONS BY THE MAYOR AND THE CITY CLERK; AUTHORIZING SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN TO THE FLORIDA HOUSING FINANCE CORPORATION FOR ITS REVIEW AND APPROVAL; AUTHORIZING THE APPROPRIATION OF SHIP PROGRAM FUNDS FOR FISCAL YEARS 2013/2014, 2014/2015 AND 2015/2016 IN AMOUNTS TO BE DETERMINED BY THE STATE OF FLORIDA OR SUCH FINAL 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, Chapter 92-317 of Florida Sessions Laws, allocating a portion of documentary stamp taxes on deeds to local governments for the development and maintenance of affordable housing; and WHEREAS, the State Housing Initiatives Partnership (SHIP) Act, ss. 420.907-420.9079, Florida Statutes (1992), and Rule Chapter 67-37, Florida Administrative Code, requires local governments to develop a one- to three-year Local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the SHIP Act requires local governments to establish the maximum SHIP funds allowable for each strategy; and WHEREAS, the SHIP Act further requires local governments to establish an average area purchase price for new and existing housing benefiting from awards made pursuant to the Act; The methodology and purchase prices used are defined in the attached Local Housing Assistance Plan; and WHEREAS, as required by section 420.9075, F.S., it is found that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan. The cost of administering the program may not exceed 10 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. WHEREAS, on April 10, 2010, pursuant to Resolution No. 2010-27370, the Mayor and City Commission approved and adopted a City of Miami Beach Housing Assistance Plan for Fiscal Years 2010/2011, 2011/2012 and 2012/2013, pursuant to the requirements of the Act and the SHIP Program Rule, issued by the Florida Housing Finance Corporation; and WHEREAS, the Administration has prepared a new Local Housing Assistance Plan, as attached to this Resolution, for Fiscal Years 2013/2014, 2014/2015 and 2015/2016, in order to qualify to receive annual allocations of SHIP Program funds for eligible housing activities; and WHEREAS, this Resolution authorizes the appropriation of SHIP Program funds for Fiscal Year 2013/2014, 2014/2015 and 2015/2016 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 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 Local Housing Assistance Plan (LHAP) for the State Housing Initiatives Partnership (SHIP) Program for Fiscal Years 2013/2014, 2014/2015 and 2015/2016, as required by the State Housing Initiatives Partnership Program Act, Subsections 420.907 — 420.9079; authorize the execution of the necessary certifications by the Mayor and the City Clerk; authorize submission of the Local Housing Assistance Plan to the Florida Housing Finance Corporation for its review and approval; authorize the appropriation of SHIP Program funds for Fiscal Years 2013/2014, 2014/2015 and 2015/2016 in amounts to be determined by the State of Florida 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 Rules. Passed and adopted this /7 day of ' 2013. MAYOR ATTEST: * INCORP ORATED: APPROVED AS TO FORM & LANGUAGE CITY CLERK &FOR EXECUTION Morn Date T:1AGE N DA120131Apri1 171 LHAPResolution4-17-2013final.doc COMMISSION ITEM SUMMARY Condensed Title: A resolution of the Mayor and City Commission of the City of Miami Beach, Florida, approving and adopting the new Local Housing Assistance Plan (LHAP)for the State Housing Initiatives Partnership (SHIP) Program for fiscal years 2013/14, 2014/15, and 2015/16; authorizing execution of the necessary certifications; authorizing submission of the LHAP to the Florida Housing Finance Corporation for review and approval;authorizing the appropriation of the allocated SHIP funds for FY 2013/14, 2014/15, and 2015/16, and any accrued interest thereon, for eligible program activities. Key Intended Outcome Supported: Increase access to workforce or affordable housing. Supporting Data (Surveys, Environmental Scan, etc.): According to the 2012 Community Satisfaction Survey, 34% of respondents find the availability of affordable housing to be the most important business challenge for Miami Beach; trending up from 18% of respondents in the 2009 survey. Issue: Shall the City approve the new LHAP draft for submission to the State and authorize the appropriation of any funding allocations received from the State for use in eligible program activities. Item Summa /Recommendation: Communities that receive SHIP funds, such as the City of Miami Beach, are required to produce and file with the State of Florida, a Local Housing Assistance Plan (LHAP)which governs each community's use of SHIP funds. The LHAP delineates the strategies that will be employed to increase the availability of affordable housing for income-eligible residents within the jurisdiction. A new LHAP must be filed every three years. On April 14, 2010, the City approved Resolution 2010-27370 adopting the current LHAP for State fiscal years 2010/11 through 2012/13. The State now requires that a new LHAP for fiscal years 2013/14, 2014/15 and 2015/16 be submitted by May 2, 2013. The City's SHIP funds allocation has declined significantly in the past five(5)years. Given the current uncertainty of funding,the new LHAP is designed to reduce and simplify the number of strategies and to address those strategies that have the greatest demand;while at the same time preparing for the possibility that State funds allocations return to the levels that the City received prior to FY 2009/2010. As such, the new LHAP will provide for the use of SHIP funds utilizing the following strategies:Owner-occupied Housing Rehabilitation, Disaster Mitigation Recovery(Required by the State), New Construction for Homeownership, Down Payment/Closing Cost and Rehabilitation, and Rental Housing Development. The Administration recommends approval of the attached LHAP for State fiscal years 2013/2014, 2014/2015, and 2015/2016;authorizing execution of the necessary certifications by the Mayor and City Clerk;authorizing submission of the Local Housing Assistance Plan for review and approval by the Florida Housing Finance Corporation; further, authorizing the appropriation of SHIP Program funds for fiscal years 2013/2014,2014/2015,and 2015/2016,for the final allocation amount, as adjusted by the Florida Housing Finance Corporation; and authorizing the appropriation of any interest accrued thereon, for eligible activities under the rules of the SHIP Program. Advisory Board Recommendation: N/A Financial Information: Source of Amount Account Approved Funds: NA 2 OBPI Total Financial Impact Summary: City Clerk's Office Legislative Tracking: Anna Parekh Sign-Offs: Department Director Assists t City,Manager ity Manager AP MAS JJJ14. JLM "W VVV T:\AG E N DA\2013\Ap ri 117\L HAP S u m m a ry4-17-2013fi n a l � &AIAMIBEACH AGENDA ITEM low DATE —�3 m MIAMI BEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM To: Mayor Matti Herrera Bower and Me bers o the City Commission From: Jimmy L. Morales, City Manager Date: April 17, 2013 Subject: A RESOLUTION OF THE MA OR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND ADOPTING THE CITY OF MIAMI BEACH LOCAL HOUSING ASSISTANCE PLAN (LHAP) FOR THE STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM FOR FISCAL YEARS 2013/2014, 2014/2015, AND 2015/2016, AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420.907 - 420.9079; AUTHORIZING EXECUTION OF THE NECESSARY CERTIFICATIONS BY THE MAYOR AND THE CITY CLERK; AUTHORIZING SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN TO THE FLORIDA HOUSING FINANCE CORPORATION FOR ITS REVIEW AND APPROVAL; AUTHORIZING THE APPROPRIATION OF SHIP PROGRAM FUNDS FOR FISCAL YEARS 2013/2014, 2014/2015 AND 2015/2016 IN AMOUNTS TO BE DETERMINED BY THE STATE OF FLORIDA OR SUCH FINAL 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. ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND The State Housing Initiatives Partnership program (SHIP), administered through the Florida Housing Finance Corporation (FHFC) was established in 1992 by the William E. Sadowski Affordable Housing Act to stimulate the production of affordable housing statewide. SHIP program funds are derived from documentary stamp levies on real estate transactions, and held in the SHIP Program Trust Fund. Annually, FHFC allocates SHIP program funds among participating jurisdictions on a formula basis. SHIP program funds serve to increase access to affordable housing for income-eligible participants whose income does not exceed 120% of the Area Median Income. City Commission Memorandum Local Housing Assistance Plan April 17, 2013 Page 2 of 3 Entitlement communities that receive SHIP funds, such as the City of Miami Beach, are required to produce and file with the State of Florida. A Local Housing Assistance Plan (LHAP) which governs each community's use of SHIP funds. A new LHAP must be filed every three years. The LHAP delineates the strategies that will be employed to increase the availability of affordable housing for income-eligible residents within the jurisdiction. On April 14, 2010, the City approved Resolution 2010-27370 adopting a Local Housing Assistance Plan (LHAP) for State fiscal years 2010/11 through 2012/13, replacing the previous plan that was in place for FY 2007/2008, 2008/2009, and 2009/2010. This current plan provides for the use of SHIP funds utilizing several assistance strategies including: owner-occupied rehabilitation, disaster mitigation, new housing construction, down payment/ closing cost assistance, multi-family building rehabilitation, workforce housing, and foreclosure prevention. Per SHIP program guidelines, the funds must be allocated as follows: • At least 75% of the overall funds must be used for construction, rehabilitation or emergency repairs of affordable, eligible housing; • At least 65% of the overall funds must be used for homeownership activities (first-time homebuyer activities or owner-occupied rehabilitation projects) • At least 30% of the overall funds must be reserved for activities that benefit low-income households; • At least 30% of the overall funds must be reserved for activities that benefit very-low income households. The City's SHIP annual allocation has declined significantly in the past five (5) years. In FY 2008/2009 we received $574,211; in FY 2009/2010 we received $43,691; in FY 2010/2011 we received no funding; in FY 2011/2012 we received $ 42,524; and in the current FY2012/2013, we received $21,895. During the economic recession the City's allocation declined because of the reduction in documentary stamp collections which was, in turn, a result of declining property sales transactions. There is much ongoing debate about the funding for the SHIP Program, and whether or not the SHIP Trust fund proceeds will be swept into the State's general fund. Therefore, it is difficult to forecast future allocations. However, the proposed LHAP will determine strategies to be employed for use of SHIP funding, if any, for FY 2013/2014, 2014/2015, and 2015/2016. It is relevant to note that the State legislature is currently considering the use of funding allocated to Florida from the National Mortgage Settlement, a $32 billion settlement with five of the nation's largest loan servicers. Proposals are being discussed to utilize Florida's portion ($200 million) for down payment assistance, residential rehabilitation, and other programs for low income persons. In the event that Miami Beach receives an entitlement allocation from the National Mortgage Settlement, it is possible that the LHAP strategies will be applicable to the use of this new funding source. ANALYSIS The State requires that a new LHAP for fiscal years 2013/14, 2014/15 and 2015/16 be submitted by May 2, 2013, utilizing the format required by the FHFC. Attachment 1 is the proposed new Local Housing Assistance Plan. Attachment 2 is a red-line version of the existing FY 2010/11, City Commission Memorandum Local Housing Assistance Plan April 17, 2013 Page 3 of 3 2011/12, and 2012/2013 LHAP (approved at the April 14, 2010 City Commission meeting) with edits showing the recommended updates. Staff has updated information where required by the SHIP rules, has deleted information that is obsolete or unnecessary, and has simply clarified information in some areas. The proposed new LHAP is designed to reduce and simplify the number of strategies and to address those strategies that have the greatest demand; while at the same time preparing for the possibility that State funds allocations return to the levels that the City received prior to FY 2009/2010. As such, the new LHAP will provide for the use of SHIP funds utilizing the following strategies: A. Owner-occupied Housing Rehabilitation B. Disaster Mitigation Recovery (Required by the State) C. New Construction for Homeownership D. Down Payment/Closing Cost and Rehabilitation E. Rental Housing Development CONCLUSION The City has been a SHIP Program participant since 1995. City staff works closely with the FHFC technical staff in monitoring the SHIP program to maintain compliance with rules and regulations established by the State of Florida. A new Local Housing Assistance Plan is due to be filed with the State of Florida by May 2, 2013. The Administration recommends approval and adoption of the attached Local Housing Assistance Plan for State fiscal years 2013/2014, 2014/2015, and 2015/2016, as required by the State Housing Initiatives Program Act, Subsections 420.907 —420.9079. .1 /N P/BG/ARB tachments 1 and 2 TAAGENDA\2013\Apri1 17\LHAPMemo4-17-2013fina1.doc An-ac hl')I f-� .� MIAMIBEACH SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS COVERED 2013/2014, 2014/2015 and 2015/2016 Prepared by: City of Miami Beach Office of Real Estate, Housing & Community Development 1700 Convention Center Drive Miami Beach, Florida 33139 Table of Contents Program Description 3 A. Name of Participating Local Government B. Purpose of Program C. Fiscal Years Covered by LHAP D. Governance E. Local 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 R. Initiatives for Green Building Design and Techniques LHAP Housing Strategies 9 A. Housing Rehabilitation B. Disaster Mitigation Recovery C. New Construction D. Down Payment/Closing Cost and Rehabilitation E. Rental Housing Development LHAP Incentive Strategies 15 Exhibits 16 A. Administrative Budget B. Timelines by Program Year C. Housing Delivery Goals Chart by Program Year D. Certification E. Adopting Resolution F. Program Information Sheet "J IP coca! Housing Assista%tz, ; City of Miami Beach -2 - I. PROGRAM DESCRIPTION: A. Name of the Participating Local Government and Interlocal (if Applicable): 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 very low, low, and moderate-income households; to expand production of and preserve affordable housing; and to further the housing element of the Miami Beach Comprehensive Plan specific to affordable housing. C. Fiscal years covered by the Plan: 2013/2014 2014/2015 2015/2016 D. Governance: The SHIP Program is established in accordance with Section 420.907-9079, Florida Statutes and Chapter 67-37 Florida Administrative Code. The SHIP Program does further the housing element of the City of Miami Beach Comprehensive Plan. Cities and Counties must at all times be in compliance with these applicable statutes and rules. E. Local Housing Partnership: SHIP Program encourages building active partnerships between government, lenders, builders and developers, real estate professionals, advocates for low- income persons and community groups. The City of Miami Beach works closely with its designated Community Housing Development Organization (CHDO) in its efforts to expand affordable housing opportunities. F. Leveraging: The Plans are intended to increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. SHIP L.,,cai HOUSinu Dty of W31111 Beach -3 - The City of Miami Beach is an Entitlement 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 SHIP funds to increase affordable housing opportunities and reduce the cost of housing in the City. G. Public Input: Public input was solicited through face to face meetings with 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)/Request for Applications (RFA), as appropriate. H. Advertising and Outreach: The City advertises the notice of funding availability for SHIP funds in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding availability is required. I. Discrimination: In accordance with the provisions of ss.760.20-760.37, it is unlawful to discriminate on the basis of race, creed, religion, color, age, sex, marital status, familial status, national origin, or handicap in the award application process for eligible housing. J. Support Services and Counseling: Support services are available from various sources. Available support services may include, but are not limited to: • Homeownership counseling (pre and post) • Credit counseling • Legal counseling • Tenant counseling • Fair housing Note: All sponsors receiving SHIP Program funds will 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 services will be provided on a group and individual basis covering the following topics: the home buying process; finding money for a down-payment; dealing with financial crisis; how to set up a budget; the importance of good credit; dispute resolution; and how to maintain a home. Home Ownership Training must meet the standards set by U.S. HUD. SHIP Local Housina Assista.-, City of ivli� Beach -4 - 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 average area purchase price may be that calculated for any 12-month period beginning not 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: 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: $391,153 L. Income Limits, Rent Limits, and Affordability: The Income and Rent Limits used in the SHIP Program are updated annually from the Department of Housing and Urban Development and distributed by Florida Housing Finance Corporation. Income eligibility will be defined as follows: Very Low Income (up to 50% AMI), Low Income (up to 80% AMI), and Moderate Income (up to 120% AMI). Affordable, means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage 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 intent 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 the 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. Welfare Transition Program: The City has developed a qualification system and selection criteria for applications for awards to eligible sponsors, which includes a description that demonstrates how eligible sponsors that employed personnel from the Welfare Transition Program will be given preference in the selection process. SHIP Local H Ouus;r?C Ass-sta.. _c -5 - N. Monitoring and First Right of Refusal: In the 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 tenant eligibility. However, any loan or grant, in the original amount of $3,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility 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 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. 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. The City finds that the monies deposited in the local housing assistance trust fund 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 does 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 10 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 the attached Resolution, Exhibit E. P. Program Administration: Administration of the Local Housing Assistance Plan is the responsibility of the City of Miami Beach. The Office of Real Estate, Housing & Community Development is the City department responsible for carrying out the strategies under the SHIP Local Housing Assistance Plan. -6 - The City may 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) or Request for Applications (RFA) to solicit administrative services from not-for- profit and for-profit builders/developers to participate in the program. Through this 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) Experience in providing strong construction management practices, quality workmanship, and quality materials (2) Experience in performing all applicant selection and income certification processes in accordance with local, state, and federal regulations (3) Experience in government reporting compliance (4) Total project cost (5) Total number of units (6) Leveraging (7) Experience in providing homeowners with HUD-Certified Homeownership Training/Counseling (8) Preference will be given to eligible sponsors that employ staff from the Welfare Transition Program The Office of Real Estate, Housing and Community Development will review all responses to the NOFA/RFA to ensure compliance with the outlined requirements; as well as compliance with Florida Statutes and Administrative Code, the SHIP Ordinance, Resolutions and this Plan. All eligible applications will be submitted to the City's Loan Review Committee. The Committee will review all applications in accordance with the criteria as outlined in the NOFA/RFA. 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)(x) FS, "Essential Service Personnel" are defined as income-eligible employees of Miami Beach businesses and organizations in the following industries: S& lP l_r,c:a! ricousin 7 C;'Y ,,D Mi anni Bess,1 - 7 - 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 e. Education (including public school district employees). R. Initiatives for Green Building Design and Techniques In accordance with Section 420.9075(3)(d) the City of Miami Beach is committed to making the housing stock more energy efficient. Therefore the City will require the use of the following features when economically feasible in the rehabilitation or constructing of homes: a. Water conserving appliances and fixtures (toilets, showerheads, faucets) b. Energy Star appliances c. Efficient lighting on both interior and exterior d. Upgrading of insulation materials (attics, walls, roofing) e. Tankless water heaters f. Air conditioning with higher SEER rating SHIP Local Ho!as1111cg Asststance' P!a; ()114 Z 13; City of Miami Beacn -8- II. LHAP HOUSING STRATEGIES: A. Housing Rehabilitation: a. Summary of the Strategy: Rehabilitation of single family, owner- occupied housing. The Program will provide rehabilitation assistance to very low, low, and moderate-income owner-occupied single family housing located within the corporate limits of the City of Miami Beach. Up to fifty(50) percent of the funds will be targeted to assist Program participants who are Essential Service Personnel, as defined 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 violations, or the creation of additional living space. Housing rehabilitated with SHIP funds must meet all applicable local codes, rehabilitation standards and ordinances, including, but not limited to, 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. b. Fiscal Years Covered: 2013/2014, 2014/2015 and 2015/2016 C. Income Categories to be served: 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: $40,000 e. Terms, Recapture and Default: Fifteen (15) year deferred, forgivable loan, at zero percent(0%) interest. The loan will be forgiven at the end of the term. Full balance due if property is sold, rented, refinanced or the property fails to be the owner's 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 interest rate. SHIP Local HousinG 4._�,.u.:_ City of Mimi each -9 - The City's interests will be secured through the execution of a mortgage and note as well as a Restrictive Covenant delineating the recapture period and terms. f. Recipient Selection Criteria: All recipients of assistance must meet the applicable eligibility requirements as stipulated in the Florida Statutes, SHIP Rule, and this Plan. Applicants will be selected from a waiting list on a first come, first ready basis. g. Sponsor Selection Criteria: See Section I (P) of this Plan. h. Additional Information: Mobile homes and trailers are not eligible for this strategy. Assisted properties must be located within the City of Miami Beach corporate limits. B. Disaster Mitigation Recovery: a. Summary of the Strategy: Emergency Assistance to eligible households after the occurrence of a natural disaster declared by Executive Order(President of the United States or Governor of the State of Florida). In the event of a natural disaster, the City will commit available unencumbered SHIP funds, as well as other disaster funds that may become available through the Florida Housing Finance Corporation or any other emergency funding sources. Disaster funds may be used for, but not limited to, the following: 1) Purchase of emergency supplies; weatherproofing a damaged home; 2) Interim repairs to prevent further damage; tree and debris removal 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 by the Federal Government, counties and eligible municipalities and approved by Florida Housing Finance Corporation. b. Fiscal Years Covered: 2013/2014, 2014/2015 and 2015/2016 C. Income Categories to be served: 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: $40,000 Miarni Beach - 10 - e. Terms, Recapture and Default: Fifteen (15) year deferred, forgivable loan, at zero percent (0%) interest. The loan will be forgiven at the end of the term. Full balance due if property is sold, rented, refinanced or the property fails to be the owner's 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 interest rate. The City's interests will be secured through the execution of a mortgage and note as well as a Restrictive Covenant delineating the recapture period and terms. f. Recipient Selection Criteria: All recipients of assistance must meet the applicable eligibility requirements as stipulated in the Florida Statutes, SHIP Rule, and this Plan. Applicants will be selected from a waiting list on a first come, first ready basis. g. Sponsor Selection Criteria: See Section I (P) of this Plan. h. Additional Information: Mobile homes and trailers are not eligible for this strategy. Assisted properties must be located within the City of Miami Beach corporate limits. C. New Construction: a. Summary of the Strategy: To develop homeownership opportunities to assist eligible buyers to purchase affordable housing in Miami Beach. Funds will be provided to developers to be used to finance the costs associated with site development, and hard and soft construction costs. b. Fiscal Years Covered: 2013/2014, 2014/2015 and 2015/2016 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. Deferred payment, zero percent (0%) interest, construction loan to the developer. No payments will be required during the construction phase. Once construction is completed and the unit(s) is sold the SHIP subsidy will be passed on to the new homeowner SHIP Local Housing City of Mi nli Beach - 11 - in the form of a fifteen (15)year deferred, forgivable loan, at zero percent (0%) interest. The loan will be forgiven at the end of the term. Full balance due if property is sold, rented, refinanced or the property fails to be the owner's 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 interest rate. The City's interests will be secured through the execution of a mortgage and note as well as a Restrictive Covenant delineating the recapture period and terms. f. Recipient Selection Criteria: All recipients of assistance must meet the eligibility requirements as stipulated in the applicable Florida Statutes, SHIP Rule, and this Plan. Applicants will be selected from a waiting list on a first come, first ready basis. g. Sponsor Selection Criteria: See Section I (P). h. Additional Information: Mobile homes and trailers are not eligible for this strategy. Assisted properties must be located within the City of Miami Beach corporate limits. D. Down Payment/Closing Costs and Rehabilitation: a. Summary of the Strategy: Down payment, closing cost and rehabilitation assistance forthe purchase of new or existing housing, and the rehabilitation of those properties, for first-time homebuyers. A first- time homebuyer is defined as a purchaser that has not owned a home in at least the last three years. b. Fiscal Years Covered: 2013/2014, 2014/2015 and 2015/2016 C. Income Categories to be served: Eligible persons/households that are very low, low or moderate income. See Section I (L). d. Maximum award is noted on the Housing Delivery Goals Charts: $60,000 for Very Low and Low-Income Persons and $40,000 for Moderate Income Persons e. Terms, Recapture and Default: Fifteen (15) year deferred, forgivable loan, at zero percent (0%) interest. The loan will be forgiven at the end of the term. Full balance due if property is sold, rented, refinanced or the SFii Local } ousinc�f,v _ - 12 - property fails to be the owner's 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 interest rate. Additionally, if the unit is sold prior to the extinction of the affordability period, part of the equity produced by the sale shall be reimbursed to the City as follows: 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 11 th and 15 h 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 recapture period and terms. f. Recipient Selection Criteria: All recipients of assistance must meet the eligibility requirements as stipulated in the applicable Florida Statutes, SHIP Rule, and this Plan. Applicants will be selected from a waiting list on a first come, first ready basis. 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. E. Rental Housing Development: a. Summary of the Strategy: To develop rental opportunities for eligible renters to rent affordable units in Miami Beach. Funds will be provided to developers to be used to finance the costs associated with hard and soft rehabilitation costs of rehabilitating vacant multi-family buildings. b. Fiscal Years Covered: 2013/2014, 2014/2015 and 2015/2016 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 _i IP Local Housing A.s rs., ,=c;<: , =t N .d 111,11ay 1, 2,31 It' O` Ua;i Beach - 13 - e. Terms, Recapture and Default: A Thirty (30) year deferred payment loan at 0% 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 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, if the recipient decides to convert the rental development to all market rate development. The reverter clause will not be used if the recipient volunteers to keep a negotiated percentage of the units affordable to very low, low and moderate-income households. Additionally, if the building is sold after the tenth year of the affordability period 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 also be reimbursed to the City as follows: If the property is sold between the eleventh and twentieth year, 50% of the profit shall be paid to the City; if the property is sold between the twenty-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 period and terms. f. Recipient Selection Criteria: All recipients of assistance must meet the eligibility requirements as stipulated in the applicable Florida Statutes, SHIP Rule, and this Plan. g. Sponsor Selection Criteria: See Section I (P) of this Plan. h. Additional Information: Assisted properties must be located within the City of Miami Beach corporate limits. SHIP Local Noising may 1 20 City of Miami Beach - 14 - III. LHAP INCENTIVE STRATEGIES A. Name of the Strategy: 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. 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 Strategy: Ongoing Review Process An ongoing process for review of local policies, ordinances, regulations and plan provisions that increase the cost of housing prior to their adoption. 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 City evaluates its potential effect and cost on affordable housing through the Director of the Office of Real Estate, Housing & Community Development. The Office of Real Estate, Housing and Community Development may present proposed legislation to applicable City boards and committees for their review as they may impact housing. The incentive was enacted by administrative action on February 1997. City of W nni Beni-+i . - 15 - Exhibit A ADMINISTRATIVE BUDGET SHIP Local Housina Assistarict.- "014-- 201;3 Nev.- Dtv of Miami Beach ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR 67-37.005(1),F.A.C. Effective Date: 11/09 City of Miami Beach Estimated Allocation for Calculating: $21,895 Fiscal Year 2013/2014 Salaries and Benefits $2,189 Office Supplies and Equipment $0 Travel Perdiem Workshops, etc $0 Advertising $0 Other $0 Total $2,189 Fiscal Year 2014/2015 Salaries and Benefits $2,189 Office Supplies and Equipment $0 Travel Perdiem Workshops, etc $0 Advertising $0 Other $0 Total $2,189 Fiscal Year 2015/2016 Salaries and Benefits $2,189 Office Supplies and Equipment $0 Travel Perdiem Workshops, etc $0 Advertising $0 Other $0 I'Total $2,189 EXHIBIT A Exhibit B TIMELINE SHIP Locai HOUSIng Assistance, F�an 014 C; "it+ y of Mianni Beach - 17- i k, i N � ------------------- - ----- --------- i+� m ° E N � x w C >- JQ --- -------- U U _,, f N v LL ----------- w E c Q E I ~ > t0 O is r LL ^ J J c _ a O A yy Y w " 3 LL N d m d u a 2 jt 9 y c u v ° o T A A c a 5 c a a A L a w o a G wt A 7 _ vi t A U v g 2 n E 1p CL C C O C O C ... N d U w a! a A O > d A d O n c L c — a a 2 E & 4 S c as E v d n E M c K v C A A a w w w 7 1 F J cc Q is 5 � $ � w EXHIBIT B Exhibit C HOUSING DELIVERY GOALS SHIP Local Housing Assistance P|on2O14 - 2U16 (New- May 1 2013) City of Miami Beach - 1�- p o 0 0 0 0 0 .- mTff--------- 0 a K c o w 0 0 o S O o S S 8 g o o 0 0'o 0 o ci $ ci o N 0 0 0 0 S Y p p p S S w w O 8 r e O ° E w w w H M O m po0 Gi O O H N V' LL44 1 A 9 Y 12 6 H ~ S H O E Z a LL E t w W a act S e jC < m i ppp N m DR 8 Q� !e 66 H C1 N H = w H G g N 10 dddd p Q. y Op o0 O a 1 cn W N ! w H u LL V N LL a a o waz g poop p p a p VOa B i Z 0 w z Wa 25 °o_ 0 W N K f9 H H W 555 e z G C7 0 0 O O O O a D C—Oi O No Q d S S S S t( = a QS p LQp5 CS, OJ w w w Yi N N 4 iiiii0 CCC - Q ui LL O 0 a N W //ymy 6 C W E L G O d p, E s N E W E w m J W $ A > W E 7 O V m O m ° ' w ~ £ m a e E E O g E e `o �` r �s E H 0 c m c w� E g Or� E e _S 3 0 :: �° _ �' E d EE 0 aka ' L° J - ma za $ s H K E E m 00 N g °°< a c� > JfF IL N tQ EXHIBIT C PAGE 1 f 0 0 0 0 0 rm 0 0 0 0 0 0 x LL F O � F � x y G W C O O O O O O Ct Om 0 O O O 0 0 0 0 0 0 Op 2 a F = F a dd p O O O O S S O S S O O O O O O O S pp C C 0 0 0 0 0 0 e 0 0 0 0 0 0 m w w eo a, o n' � x= N E 4 N c a g x W < v w m y w w uYi w N 1 CD H tQ5 m 6 Z W Q 8 W W LL J � a a z LL U a E a U. N E W qco 0 o 00 0 o a a w S o 0 < 0 0 0 O � oa J Z' W Q � 0 0 0 0 0 0 0 0 0 1 zw _ a Q rZ o CR o q LL N E g o 000 o o Ve W 0 O `� 0 g o i O x E f- 0 o c U. W Q d ` a Q O a L i 3 d w E d a c E Ta =a c o LL e t 4 ° E m a u v t/7 0 ? `o a G O r C E m Elt-1 I EXHIBIT C PAGE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 � P o F° $ ~ K A 3E 3E De �' 2e :R �e g K •a w o 8 o c o 0 a 0 0 8 0 0 0 0 0 0 0 0- 00 g tj� F n Y 0 0 pp O ��pp S O S 8 0 S pMp o 0 0 0 0 0 o iv e o 0 0 0 OW vi ' w m m a _y C m Ll O O W N bj a E}` H a FL c qq N Z E N _ p O O C a c wi °o °W ��pp o o m b ! O S ! O N N P m O N m j1F ppp O B m N h h G r N O S S b U $ S 2 LL 4 •- i f � C.) N LL o a a o r J Z W Q g o o a a a a o o U O a E Z Ow a i Z a LU z LL N Vr W N g 8 8 8 8 o � E LL ce .- o 0 0 0 o o w c d E n 12 W ` c a a 0 V d v Y an" d c m L � 4 ° a{ a u E o u H g W E E O 0 1 ~ xe 0 c q y e} C 2 h a 8 N c NQ ( x f7� � IL � c A N �H EXHIBIT G PAGE 3 Exhibit D CERTIFICATION PAGE 'i, vl -- May 2,'-" SHIP Local Housing City of Miall-iii each P 67-37.005(1),F.A.C. CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: City of Miami Beach (1) The local government will advertise the availability of SHIP funds,if available,pursuant to Florida Statutes. (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 j status,handicap,or national origin. (3) A process for selection of recipients for funds has been developed. { (4) The eligible municipality or county has developed a qualification system for applications for assistance. (5) Recipients of funds will be required to contractually commit to program guidelines. (6) The Florida Housing Finance Corporation will be notified promptly if,at any time,the local government(or interlocal entity)will be unable to comply with the provisions the plan. i (7) The Local Housing Assistance Plan shall provide for the expenditure of SHIP funds within j 24 months following the end of the State fiscal year in which they are received. i (8) The plan conforms to the Local Government Comprehensive Plan,or that an amendment to the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the Local Housing Assistance Plan. (9) Amendments and Technical Revisions to the approved Local Housing Assistance Plan shall be provided to the Corporation within 21 days after adoption. (10) The trust fund shall be established with a qualified depository for all SHIP funds as well as moneys generated from activities as program income. (11) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. (12) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements, copies of the audits will be forwarded to the Corporation by June 30 of each calendar year. 1 I EXHIBIT D 67-37.005(1),F.A.C. 13) An interlocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year,and the audit forwarded to the Corporation by June 30. (14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies. (15) Developers receiving assistance from both SHIP and the Low Income Housing Tax Credit (LIHTC)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. 3 (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 annually for 15 years for compliance with tenant income requirements and affordability requirements or as required in Section 420.9075(3)(e) (I8) 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 met. (19) The provisions of Chapter 83-220,Laws of Florida has not been implemented. (except for Miami Dade County) Witness Chief Elected Official or designee Matti Herrera-Bower,Mayor Witness Type Name and Title Date i OR Attest: (Seal) 2 Exhibit E ADOPTING RESOLUTION SHIP Local Housing Assistance City of Miami Beach -20- Ckyof VoW Bead LHAP i I i ADOPTING RESOLUTION I I� � I i EXHIBIT E Exhibit F PROGRAM INFORMATION SHEET SHIP Loca! Housing Assistai,:,- City of Miami Beach 67-37.005(1),F.A.C. STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM PROGRAM INFORMATION SHEET The following information must be furnished to the Corporation before any funds can be disbursed. I Local Government City of Miami Beach Chief Elected Official Matti Herrera-Bower,Mayor Address 1700 Convention Center Drive,Miami Beach,FL 33139 SHIP Administrator Anna Parekh Address 1700 Convention Center Drive,Miami Beach,FL 33139 Telephone 305-673-7260 EMAIL annaparekh @miamibeachfl.gov Alternate SHIP Contact Richard Bowman Telephone 305-673-7260,ext.6893 EMAIL bowman@miainibeachfl.gov Interlocal Agreement (list other local NA E governments in Interlocal) Local Government Employer Federal ID# 59-6000372 Disbursement (list bank account No Change information if changed from previous) I i Other Information i Please attach this form as Exhibit F and submit along with your completed LHAP. i f I i EXHIBIT F MIAMIBEACH SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS COVERED 2010/2011, 2011/2012 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 LHAP Table of Contents Program Description 3 A. Name of Participating Local Government B. Purpose of the Program C. Fiscal Years Covered by LHAP D. Governance E. Local 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 LHAP Housing Strategies 8 A. Housing Rehabilitation B. New Construction C. Closing Costs and Down Payment D. Rehabilitation of Multi-family Buildings for Condominium Conversion E. Rental Housing Development F. Workforce Housing G. Foreclosure Prevention LHAP Incentive Strategies 19 Expedited Permitting Ongoing Review Process Exhibits 22 Administrative Budget Timelines by Program Year Housing Delivery Goals Chart by Program Year Certification to Florida Housing Finance Corporation Adopting Resolution Program Information Sheet SHIP Local Housing Assistant City of Miami Beach -2- City of Miami Beach LHAP I. PROGRAM DESCRIPTION: A. Name of the Participating Local Government and Interlocal (if 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 the very 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. C. Fiscal years covered by the Plan: 201zv 1 0/201 1 2013/2014 1LVr rr2 2014/2015 2013 2015/2016 D. Governance: Chapter-67-37.005(3) and(5)(i)F.A.0.and Section 420.907.1(14)F.S. The SHIP Program is established in accordance with Section 420.907-9079, Florida Statutes and Chapter 67-37.007 Florida Administrative Code. The SHIP Program does further the housing element of the City of Miami Beach Comprehensive Plan. Cities and Counties must at all times be in compliance with applicable statutes and rules: Section 420.907-9079 F.S., and Chapter 67- 37, F.A.C. The SHIP DPeg FaFn does fu Fther the het 16inn element of the lenal geyeMmen4 E. Local Housing Partnership: Section 420.9072(1)(a), F.S. SHIP Program encourages building active partnerships between government, lenders, builders and developers, real estate professionals, advocates for 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 Plan. F. Leveraging: SHIP Local Housing Hssisiance Plan 2010—2013 City of Miami Beach - 3 - City of Miami Beach LHAP The Plans are intended to increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. 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 Miami Beach is an Entitlement 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 SHIP funds and reduce the cost of housing in the City. G. Public Input: Public input was solicited through face to face meetings with 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)/Request for Applications (RFA), as appropriate. H. Advertising and Outreach The City advertises the Notice Of Funding Availability for SHIP funds in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding availability is required. I. Discrimination: In accordance with the provisions of ss.760.20-760.37, it is unlawful to the of Miami BeaGh doers 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: Support services are available from various sources. Available support services may include, but are not limited to: • Homeownership counseling (pre and post) • Credit counseling • Tenant counseling • Legal counseling • Emnleyment and training • -4- City of Miami Beach LHAP • Fair housing Note: All sponsors receiving SHIP Program funds will 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 services will be provided on a group and individual basis covering the following topics: the home buying process; finding money for a down-payment; dealing with financial crisis; how to set up a budget; the importance of good credit; dispute resolution; and how to maintain a home. Home Ownership Training must meet 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 average area purchase price may be that calculated for any 12-month period beginning not 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: 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: $391,153 L. Income Limits, Rent Limits, and Affordability: The Income and Rent Limits used in the SHIP Program are updated annually from the Department of Housing and Urban Development and distributed by Florida Housing Finance Corporation. Income eligibility will be defined as follows: Very Low Income (up to 50%AMI), Low Income (up to 80% AMI), and Moderate Income (up to 120% AMI). Affordable, means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage 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 intent 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 the 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. -5- City of Miami Beach LHAP M. Welfare Transition Program: The City has developed a qualification system and selection criteria for applications for awards to eligible sponsors, which includes a description that demonstrates how eligible sponsors that employed personnel from the Welfare Transition Program will be given preference in the selection process. N. Monitoring and First Right of Refusal: In the 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 tenant eligibility. However, any loan or grant, in the original amount of $3,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility 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 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. 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. The City finds that the monies deposited in the local housing assistance trust fund 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 does 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 10 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 the attached Resolution, Exhibit E. -6- City of Miami Beach LHAP P. Program Administration: AdMiRistratiGR of the LGGal Housing AssistaRGe Plan is the responsibility of the City of A/liangi BeaGh.he Gity of Miami ReaGh'_s Off TnGe o f Qeal_Estato I-I Estate, u out the strategies under the SHIP HOUSiRg AssistaRGe Plan. �_e The City aRtiGipates that it will may 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) or a Request for Applications (RFA)for various not-for-profit 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 prGvide Experience in providing strong construction management practices, quality workmanship, and quality materials. (2) Ability to peFferm Experience in performing all applicant selection and income certification processes in accordance with local, state, and federal regulations (3) Ability to Gemnl„ with the City's repeFting r°cc'-,F--M--Rts Experience in government reporting compliance (4) Total project cost (5) Total number of units (6) Leveraging (7) Ability to onnfnrm to the City's plan for spatial de nonr•ontFatinn (8) Experience in providing homeowners with HUD-certified homeownership Home ( WRershin Training/Counseling (9) Ability to provide tFaiRiRg to homebuyers on issues SUGh as heme maiRteRaRGe and budgeting (10) Ability to demonstrate that the organization paFtiGipates in the VVelfaFe Transition PFegram Preference will be given to eligible sponsors that employ staff from the Welfare Transition Program SHIP Local Housing Asststas; Oty w Miami Beach - 7- City of Miami Beach LHAP 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/RFA to ensure compliance with the outlined requirements; as well as compliance with endell:appliGable Florida Statutes and Administrative Code, the SHIP Ordinance, Resolutions and this Plan. All eligible applications will be submitted to the City's Loan Review Committee. The Committee will review all applications in accordance with the criteria as outlined in the NOFA/RFA. 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), F.S. "Essential Service Personnel"are defined as 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 e. Education (including public school district employees). R. Initiatives for Green Building Design and Techniques In accordance with Section 420.9075(3)(d), F.S., the City of Miami Beach is committed to making the housing stock more energy efficient. Therefore the City will require the use of the following features when economically feasible in the rehabilitation or constructing of homes: a. Water conserving appliances and fixtures (toilets, showerheads, faucets) b. Energy Star appliances c. Efficient lighting on both interior and exterior d. Upgrading of insulation materials (attics, walls, roofing) e. Tankless water heaters f. Air conditioning with higher SEER rating II. 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: SHIP Local Housing tissistance F;ian 2u"lu —2013 City of Miami Beach - 8 - City of Miami Beach LHAP a. Summary of the Strategy: Rehabilitation of single family, first st ti time owner-occupied housing. The Program will provide rehabilitation assistance to very low, low, and moderate income owner occupied single family housing located within the corporate limits of the City of Miami Beach. Up to fifty (50) percent of the funds will be targeted to assist Program participants who are Essential Service Personnel, as defined 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 violations, or the creation of additional living space. Housing rehabilitated with SHIP funds must meet all applicable local codes, rehabilitation standards and ordinances, including, but not limited to, zoning ordinances. 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. TThrhe—city mteRds tO eXern�se flexibility in determining—whet1�er ene building, not to eXGeer•d mere than ene of the units in the building. In general the Gity will stress the Reed fer the spatial must innli irde at least four (4) of the fnlloWing green strategies in erv-der to promote environmentally sustainable housingi 1) Energy Genservation (inGlurding Envelene and Eq iinment) 2) Water nenservatien 3) Preservation of wildlife habitat 4) Healthy envirenme 4 5) Durability sustainable materials) 6) AGGess and transportation F �rth irdan Green Home Gertif' n C er•di ale 4 T-�,Tef-�t��6e�-�oW� ��,-�Q�,-�-�+C-at+A,�o �,T�� VeFsiGn 5.9 by the FIGFida Green Building , i...ocal i tr_i'isin r_` -9 - City of Miami Beach LHAP b. Fiscal Years Covered: 2010/11, 2011i12 and 2012/13 2013/2014, 2014/2015, and 2015/2016 C. Income Categories to be served: 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: $40,000 e. Terms, Recapture and Default: Fifteen (15) years deferred payment loan at 0% interest. The loan will be forgiven at the end of the term. Full balance due if property is sold, rented, refinanced or the property fails to be the owner's 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 interest rate. In the eVent that property is refinanne`J within 12 months of the evnir�tion of the renant,ire neried and the refinance innludes a Gash_eut of eq aitv the Gity shall be reimbursed using the fellewing feFmula: Lien- Lien PeFledj - Reimbursement Am9URt The City's interests will be secured through the execution of a mortgage and note as well as a Restrictive Covenant delineating the recapture period and terms. f. Recipient Selection Criteria: All recipients of assistance must meet the applicable eligibility requirements as stipulated in the Florida Statutes, SHIP Rule, and this Plan. Applicants will be selected from a waiting list on a first come, first ready basis. AcGOrrding to the SHIP Proms 0 of the total SHIP funds must be reseFved te very4aw 0 may be reserved to low inGGme appliGants the balance ill he ossinned to moderate income applinonts 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 Assisted properties must be located within the GGrperate limits e the City of Miami Beach corporate limits. City ot Miami - 10 - City of Miami Beach LHAP Description: B. Disaster Mitigation Recovery: a. Summary of the Strategy: Emergency Assistance to eligible households in after the occurrence of a natural disaster declared by Executive Order(President of the United States or Governor of the State of Florida). In the event of a natural disaster the City will commit all unencumbered SHIP funding available, as well as any other additional disaster funds that may become aGGessible available through the Florida Housing Finance Corporation or any other emergency funding sources. Disaster funds may be used, but not limited to, as follows the following: 1) Purchase of emergency supplies; fee eligible households to weatherproofing a damaged home: 2) Interim repairs to prevent further damage, tree and debris removal 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 by the Federal Government, counties and eligible municipalities and approved by Florida Housing Finance Corporation. b. Fiscal Years Covered: �201 1/12 and-2012/x-2013/2014, 2014/2015, and 2015/2016 C. Income Categories to be served: 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: $40,000 e. Terms, Recapture and Default: Fifteen (15) years deferred payment loan at 0% interest. The loan will be forgiven at the end of the term. Full balance due if property is sold, rented, refinanced or the property fails to be the owner's 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 interest rate. SHIP Lc;::.al Housin of f\�;1 i; ,, rxeac - 11 - City of Miami Beach LHAP In the onion++ha+ nrepeFt i rofinanGed within 17 months of the ovnira+ rrrcrr�.Svc-rrrzr-rcrc-prvpercy'�s�crrrrarrc�ca-c o-rcrnri��rvrrcrry vrcrrccn�rrcrrfe-p efthe FeGaptuFe peFied, and the Fef'RaRGGe iRGI 'vdes a Gash out of enq'aTtY, the City shall be reimbursed ,sin +ho fnllniin fnrm„la• DGIIar Amount of Lien multiplied by [Number of MGRths Rer•naininn nn Liefl//TlLbePornr-Reimbursement 4myun The City's interests will be secured through the execution of a mortgage and note as well as a Restrictive Covenant delineating the recapture period and terms. f. Recipient Selection Criteria: All recipients of assistance must meet the applicable eligibility requirements as stipulated in the Florida Statutes, SHIP Rule, and this Plan. Applicants will be selected from a waiting list on a first come, first ready basis. Aceerdinn to the SHIP Prnnram 0 of the total SHIP fURds myst be reserved feF very4GW 0 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 hn„sinn Assisted properties must be located within the nnrperate limits 9f-the City of Miami Beach corporate limits. C. New Construction: a. Summary of the Strategy: To develop home ownership opportunities �eQef� to assist eligible buyers to purchase affordable housing in Miami Beach. Funds will be provided to developers to be used to finance the costs associated with site development, and hard and soft construction costs. 1) EneFgy nnnserya+inn (innl,,rlinn ERVelepe and Equinmen+\ ` ) VVa+or Gnnserya+inn 3) PresewatiGn of wildlife habitat. 4) Healthy o 4 5) DuFability sustaiRable materials) SHIP Local Housin(k J�f` - 12 - City of Miami Beach LHAP 6) AGGe6s and traRspeFtatieR VeF62GR 5.0 by the FleFida Green BuildiRg , , b. Fiscal Years Covered: 2-010/� 2011/12 and 2012/13 2013/2014, 2014/2015, and 2015/2016 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. Deferred payment, zero percent (0%) interest, construction loan to the developer. No payments will be required during the construction phase. Once construction is completed and the unit(s) is sold the SHIP subsidy will be passed on to the new homeowner in the form of a fifteen (15) year deferred, forgivable loan, at zero percent (0%) interest. The loan will be forgiven at the end of the term. Fifteen (15) year deferrer! payment Ivan at 0 interest Full balance due if property is sold, rented, refinanced or the property fails to be the owner's primary residence during the fifteen years 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 interest rate. in the event that property is refinanced withip 12 mopths of the expire4inn the Qty shall be Feimbursed using the following fermula� Dollar Arneunt of Lien multiplied by [Number of Menths Remaining—CM I ien//Total Lien Period] — Reimbursement Amount Additionally, if the unit is sold prier te the extinGtion of the affordabilifi, MXT peFied, part G-f the equity preduGed by the sale shall be also Feimbu ___l to the City as follows: if the '�s sold between the first and the tef�crh 0 ^^�� year, PFGfit shall be paid to the City; if the URit 06 sold beboy the eleveRth and the fifteenth year, 25% of the prefit shall be paid to The City's interests will be secured through the execution of a mortgage and note as well as a Restrictive Covenant delineating the recapture - 13 - City of Miami Beach LHAP period and terms. f. Recipient Selection Criteria: All recipients of assistance must meet the eligibility requirements as stipulated in the applicable Florida Statutes, SHIP Rule, and this Plan. Applicants will be selected from a waiting list on a first come, first ready basis. AGGerding te SHIP Program 0 0 wed to rtederi.�atce nOnGerne appliGaRtS. g. Sponsor Selection Criteria: See Section I (P). h. Additional Information: Mobile homes and trailers are not eligible for this strategy. Assisted properties must be located within the Gerperate limits of the City of Miami Beach corporate limits. A# prospeGtive housing units must be either vaGant or owneF GGGWpied at the time of initial pumhase 4111 sponsors ece*ViRg SHIP f� will be D. Closing Costs and Down Paymen Down Payment/Closing Cost and Rehabilitation: a. Summary of the Strategy: wall be made available or the n,,rnhase of mattered cites „nits ( n Down payment, closing cost and rehabilitation assistance for the purchase of new or existing housing, and the rehabilitation of those properties, for first-time homebuyers. A first-time homebuyer is defined as a purchaser that has not owned a home in at least the last three years. b. Fiscal Years Covered: 2444W44,2011/12 and 2012/1 2013/2014, 2014/2015, and 2015/2016 C. Income Categories to be served: Eligible persons/households that are very low, low or moderate income. See Section I (L). d. Maximum award is noted on the Housing Delivery Goals Charts: $60,000 for Very Low and Low Income Persons and $40,000 for Moderate Income Persons e. Terms, Recapture and Default: Fifteen (15) years deferred payment SHIP Local Housing City of Miami Beach - 14 - City of Miami Beach LHAP loan at 0% interest. The loan will be forgiven at the end of the term. Full balance due if property is sold, rented, refinanced or the property fails to be the owner's 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 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 menths of the expirotinn the City shall be Feimbursed using the following fGrrnula-. ttie RgTntal Lien Reimbursement Amnant Additionally, if the unit is sold prior to the extinction of the affordability period, part of the equity produced by the sale shall be reimbursed to the City as follows: 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 11th and 15 h 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 recapture period and terms. f. Recipient Selection Criteria: All recipients of assistance must meet the eligibility requirements as stipulated in the applicable Florida Statutes, SHIP Rule, and this Plan. Applicants will be selected from a waiting list on a first come, first ready basis. Fe6gulations, 3Q% of the tnt;;l SHIP funds must be reserved W yepf4e v 0 le bal_�11�__ will be assigned to moderate OnGOrne 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 heusi-R Assisted properties must be located within the Gerperate limits ef the City of Miami Beach corporate limits. A4 prespeGtive housing units must be either vaGant OF GWRer GGGUpied at the time of initial nL irGhnc�All nnncnrc receiving SHIP funds will be (See SeGtOOR 1 (j) of this Plan for furtheF i oca! fJliSl! - 15 - City of Miami Beach LHAP D. Rehaba"tatoon of Multi family Buildings for Gendominiurn Gonver R Surnmary of the Strategy: ehabilitatien Gf vaGant multi_fani4y inGGrneeligiblepwfiGipants. in buildings with ten (10) er less URits all the units will be prGvided to eligible paFtiGipants OnG'udwRg very, lew,—and with mere than t ^ to forty neFGeRt Gf the ,,n%y �ei%vv l A� the mite .. Uld he snlrt t market rte+ pie 0 of the �reo trt�—rtrtttt� �-a�rrrca-r'rcc�rctt�;Q�t�9v-��8 Medwen I-le„sehelrl IRGOme. ARY PFGf*tS in eligihleP eGt willbe Rehabilitated LIRits and newly GGRStFUGted hGusing utilizing SHIP f 1\ Fnern\/ nenseniatien (innl, Jinn ERyelene and Equipment) 2) Water eenseniatien 3) PreseFvation ef wildlife habitat 4) Healthy t 5) Durability (inGludiRg sustainable materials) Version 5.0 by the Flc)rida Green Building GeakiOR, 1 , b, F2sGal TeaFS Covered: 2010/11, 2011/i2 and 201 w�> CI, G. Irnrvme vatp,�:tli+F;es to be served: Eligible peFc�/hens elrlc that are veFy low, low,"� . d. Maxomum award as noted on the Housing Delivery Goals Cha e. Terms, Re aptu a �+�a dv Default: Fifteen (1 5) year deferred paymepA loan at Q interest._ Full hnlannG_due pTV�rtya.6veld,eRted ,ring the fifteen year term. Notwithstanding the previous reStFGtwGRS t GWReF shall he allowed tn- refipaRGe w ' n c,,hient to the nrn�iisinns set ferFh therein se Inns as the ame,ant of the refinanr•inn rines not-eXreer the th en e„tstandinn balonne o'f the first rmnrt gage, Suberdinat;en will enly be appFeved if the refiRanGiRg Wall !ewer rUrrent mertgage payment andler interest rate iIF' !_.ocal Housing . of dliami Bear.+ - 16 - City of Miami Beach LHAP the evnirati of the ren t,,re neriord and the refinanne innl,,rdes a Gash_eut of err,,ity the City shall be reornbursed usong the followinq nrm,,la• Loen//T�_L*e Domed', - Reimbursement Amn„n+ peFied, part ef the equity pFedUGed by the sale shall be reimbursed W II.h- Gat as fell?: If the „nit is selyd between the first and the tenth dear, 50% of the nrnfitchall be paid te the City;44 and 15 year, 25% of the profit shall be pa.d te the Qty-. if the URit is sGId between the The city's interests will he senl,rerd thrn„gh the exenlItlr\n of a mortgage period and terms eligibility requirements as stipulated in the annlinable Plorirda Statutes SHIP Rule, and this PaR. AppliGaRtS will be se!eGted frern a waitiRg4ist , en n___ . iFSt GOmefirest ready basis. AGGe4ng to CHID Program regulations, '2funds of the total CHID funs must h��e Fesep.ed fer yery4Gw 0 appliGants; 30,4 , the halanGe will he assigned rote interne apnpnniGaRtO n Sponsor SeleGtion Criteria: See Sentlon I /P1 of this Plan h. Additional Inferma _Eligi�hle „sing must be 1GGated within the nnrnnra+e limits of the Gity of Miami Reanh All nresnentiye hn„sinrr must he either yanant or E)wner_onn„nierd at the time of initial nurnhase All sponsorrssFeG ling SHIP funds ��iil��en„ir Te-0f fer Herne O wnership Tralning to nrosoentaye hemeh„vers (See Sen+ien 1 (j) of+his Plan). E. Rental Housing Development: a. Summary of the Strategy: SHIP Program funds will be Fnade available ante rental „nits to he e#ererd to innnme eligible nartininants In b„i!& gs with ten /1(11 or less „nits all the „nits will he nreyiiderd to innnme eligihl paFtiGipants in the program. in buildiRgS w4h mere than ten units, UP-to forty of the „nits will he nreyirlerl thrn„gh the Prneni as aGGE)rdaRGe with SHIP Rule and defined peFGentages ef fundiRg alle for rental „nits The halanne of the „nits will he distributed in annorrdanne SHIP Local - 17 - City of Miami Beach LHAP To develop rental opportunities for eligible renters to rent affordable units in Miami Beach. Funds will be provided to developers to be used to finance the costs associated with hard and soft rehabilitation costs of rehabilitating vacant multi-family buildings. Rehabilitated units and newly GenStFUGted h Rg UtiliZiRg SHIP fURds must innlu de at least fog it (4) of the fGIIe nng green strategies in order in 1) Energy nonseryation (innlu ding F=Ryelone and Equipment) ) Preservation of wildlife habitat 4) Healthy enviFORment 5) Durability (inGluding sustainable materials) Further guidanne is nrEwided via Green {--lame CeFtifinatinn Cashed ile 4 b. Fiscal Years Covered: 24Z%,2011 X12 and 2012/13 2013/2014, 2014/2015, and 2015/2016 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: A Thirty (30) year deferred payment loan at 0% 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 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, if the recipient decides to convert the rental development to all market rate development. The reverter clause will not be used if the recipient volunteers to keep a negotiated percentage of the units te be Regetiated affordable to very low, low and moderate income households. Additionally, if the building is sold after the tenth year of the affordability SHIP Locui Hou r Ci } of Miarn Bclach - 18 - City of Miami Beach LHAP period 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 to the City as follows: If the 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, 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. f. Recipient Selection Criteria: All recipients of assistance must meet the eligibility requirements as stipulated in the applicable Florida Statutes, SHIP Rule, and this P+ ..lan. AnnliGants will he selented frern a waiting list on astnOMe, iFst 1eady basis. zCtinrdinn to the dti-IP Prep aarmrr 0 , , 0 , the halanne ill ho assigned to moderate innome annlinantc g. Sponsor Selection Criteria: See Section I (P) of this Plan. h. Additional Information: Eligible heusinn Assisted properties must be located within the norpera+e limits e the City of Miami Beach corporate limits. a. Summary of the Strategy: AGquisition/RehabilitatiOR Of MUItifami4y buildings to provide rental „nits to Essential SeNine Personnel Down to Essential Seniine Persennel (as definer! in Section 1 (Q) of this Plan) for the n�it ace of s tt ed housing that will he or pi their rvr-mc�ar�lu�c-v r�C�rce�._. «m-r�vcC-tlpr zrrcrr mast innl,ide at least four (4) of the following green strategies in order to 1) Energy Genseryation (inGluding F=Ryelone and Equipment) ` ) Water nnnsewatien 3) PFeseNatiOR E)f wildlife habitat 4) Healthy el1.ironment G.6) AGGess and transpertatiOR HIP Local i*)Usin, �,li Oi v idiiil b @c7 i. - 19 - City of Miami Beach LHAP Furtherg,,idanne is provided via Green Home Gertifiea}inn SGhedule X VeFsie—n 5.0 by the Florida Green Building GealitieR, 1 h CiSGal Years Covered: 0/1 1 201 1/12 and 7(1'12A 3 A. ��i GTSVPY"ri r-VZ7. L�TO7-ITZ O'lT/TL RTIGTC�TCr7-'0 !AGOn;e O ,oategor�sto be served: For the segment of CHID f nrinn n, low, 0 the prejeGt, the Program will serve eligible pers-ens/heusehelds that are vepy SOLAFGeS will be also available to appliGants at or below 0 AW. See Con}inn 1 (L) of this Dlan Income nategeries fer sepiiees prGvided ,,nder ether fullndiRg 0 GGUId be up to, of Area Media InGGMe o determined by the nriteria of c„nh sn,rrnes ✓ . $40,000 eTermsRera'ptpi° and Default: (15) year payme t Inns at 00/ interest Full halangGe_ e if pFepeFty is s I�,rented' the f�cepye�T term. Notwithstanding the .1`� BuaT�fcrrf e �fcrhr°c sot forth }heroin so long as the ame,rot of the refinanning rhos RGt eXGeed the theR eutstand.ng halanre of the fib mnnF{pap� Subo4nat4on will GRIy be approved if the FefinaRGiRg Will lower the n„rrent mortgage payment and/er interest rate ".-� y In the event_that the property is retjRaReed within 12 months of +he of equity, the Gity shall be reimbursed using the following ferrnwla� Dollar Arneunt of Lien multiplied by [Number ef Months Rernaining., OR LieR//Total LieR PeF —ReimbUFSeMeRt of rot Additionally, e ff if the unit is sold prier to the evtinntion of th anrrinhilit- pperiod part of the geniity pr_ dUGed by the sale shall he reirrA used to the Gity as fnllnwei if the i? srsnldd between the curt ache tenth year, 501% of the inn-fit ch:fll be paid to the City;44- and 15 year, 25% -of the profit shall be pad tG the City, and note as well as-as taTTReestriGtiZrv°e Gev r'crr'a t deeli atcZrrirgiha reeGatpzure period and terms r ieGipient SeIeGtiorit°rrAll eGgients of CHID arasiistuTroGe mini meet the eligibility requiFemeRts as stipulated in appliGable FIE)Fi St-ilP Local Housing -20 - I City of Miami Beach LHAP Statutes, CHID Rule, and th's Plan. AppliGaRtS will be selenterl from a siting list en a firet nocr Te fir�ready basis. `co..G.rrling to the SHIP PFegFarn 0 , 0 9- Sponsor SeleGti�Ttnria. aice See Sectie of this War} this strategy. Eligible heusing must be IGGated within the GOrperate li of the G;tY of Kami Reanh All nresneGtiye housing knits must be either yannnt or eWRer_onnUnieid at the time of initial n,,rnhase G. FGFeGlesure RFeyention Strateci a. Surnmary of they Strategy: D evision of one time assistanne to assie ;nGOrne eli-1hI,�-h n .-Neer at,tF+s -ef--feFeG!GSU a as a result e delinquenGy er default of their mortgage payrneRtS of SUGh default was ,ea'usied by unforeseen rGO-GUmst es SUGh as less ef OnGGrne, rliyerne rnediGaf�. ues,speG al aseessme t (;-e40 ye°aeeFtifie.atien, and-eredit-Geunseling will he required for hn,is s FeGeiy*nrv�h� assistanne and nartininants must demonstrate Ganaoity to sustain the fnrSHID , eligible a GtiVitbes b Gisna1 Years Covered: 2010111, 201 t-1and 2012/13 G.G Tnrro,`.i Caategories to be served: �g�TCp rsens/hn,,sehelds that are vrr�.r crsvrrsrrvv�cTTma-u-crTUrcrrc Yens lew, lew or medera��Teeme. See-SeeGtOOR-l1 (L) of this Plan d. Maxomum award ;s noted on the Housing Delivery Goals Charts-:.- e. and ati d De^fIaul�rf a 5) year deferred ppaymi-rc°Tntc loan a� 0 interest. Full balance-ef the SHIP subsidy will he rl, e- if fie pFoperty is sold OF tFansferred. In the event that property is refinanned Vvithin 17 months of the evniratinn of the affordability p nod, -and the refinanGe inGludes a Gash out -of equity, the City shall be reimbursed using the following formula: Dellar AmGURt Of LieR multiplied by [Number of Months Remaining-e-R Lien//Total LFenPeried}= Reimbursement nt The City's interests will he sent,red through ,,tthe�even,itien of a mortgage and fens well as a ReJfeC Covenant delineating the reoant„re SHIP Local Housing hs&z�... -21 - City of Miami Beach LHAP peFied and +ern, f CeGipient-SeleGtiG Criteria; All r � f SHIP cistaRGe Fni -�mTe6 arrs Feet the eligibility FequiFemeRt6-a6-6tipulated in a Cie Statutes, SHIP Rule and��,plen AnnliGaRte will he selented 499 a c� purr.�zNprrvarrra--vrrn--v��cr mecca--n-vrrru 0 , 0 g SpensOF Seale Gtie n ■ riteria• See Sent*GR I /D\ of th46 Dl-an III. 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 Strategy: Expedited Permitting Permits as defined in Section 163.3164(7) and (8), F.S., for affordable housing projects are expedited to a greater degree than other projects. 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 Strategy: Ongoing Review Process An ongoing process for review of local policies, ordinances, regulations and plan provisions that increase the cost of housing prior to their adoption. 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 City SHIP Local Housing Assistance flan 2U 1— 201, City of Miami Beach -22 - City of Miami Beach LHAP evaluates its potential effect and cost on affordable housing through the Director of the Office of Real Estate, Housing & Community Development. The Office of Real Estate, Housing and Community Development may present proposed legislation to applicable City boards and committees for their review as they may impact housing. The incentive was enacted by administrative action on February 1997. SHIP Local Housina Assist a re ' City of Miami Beach -23- `�lr�r3 LHAP Exhibit D 2013 67-37.005(1), F.A.C. CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: City of Miami Beach (1) The local government will advertise the availability of SHIP funds, if available, pursuant to Florida Statutes. (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 of recipients for funds has been developed. (4) The eligible municipality or county has developed a qualification system for applications for assistance. (5) Recipients of funds will be required to contractually commit to program guidelines. (6) The Florida Housing Finance Corporation will be notified promptly if, at any time, 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 Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the Local Housing Assistance Plan. (9) Amendments and Technical Revisions to the approved Local Housing Assistance Plan shall be provided to the Corporation within 21 days after adoption. (10) The trust fund shall be established with a qualified depository for all SHIP funds as well as moneys generated from activities as program income. (11) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. (12) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements, copies of the audits will be forwarded to the Corporation by June 30 of each calendar year. 1 LHAP Exhibit D 2013 67-37.005(1), F.A.C. 13) An interlocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year, and the audit forwarded to the Corporation by June 30. (14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies. (15) Developers receiving assistance from both SHIP and the Low Income Housing Tax Credit (LIHTC) 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 annually for 15 years for compliance with tenant income requirements and affordability requirements or as required in Section 420.9075 (3)(e) (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 met. (19) The provisions of Chapter 83-220, Laws of Florida has not been implemented. (except for Miami Dade County) xi !� Witness Chief Elec ed Official or designee Matti Herrera-Bower, Mayor V—Witness Type Name and Title Date OR Attest: (Seal) BLc APPROVED AS TO �P.. "" "' ; �� FORM&LANGUAGE &FOR EXECUTION * INCORRi(ORATED: 2 �1 L;'J g�C,ti-2�Tc, City A omey Date