city of tampa growth management and development services housing & community development...
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CITY OF TAMPA
Growth Management and Development ServicesHousing & Community Development Division
2008
SHIP Funding Activity (FY2004-FY2008)State Program
FY04 FY05 FY06 FY07 FY08 TOTAL
Allocation $2.4 $2.4 $2.3 $3.0 $2.9 $13.0
Program Income $1.5 $0.8 $1.6 $1.3 $0.7 $5.9
Totals $3.9 $3.2 $3.9 $4.3 $3.6 $18.9
Spent/Committed $3.9 $3.2 $3.9 $4.3 $3.6 $18.9
HOME Funding Activity (FY2004-FY2008)Federal Program
FY04 FY05 FY06 FY07 FY08 TOTAL
Entitlement Award $2.2 $2.4 $2.5 $2.4 $2.0 $11.5
Program Income $1.0 $1.6 $0.9 $0.9 $0.9 $5.3
Totals $3.2 $4.0 $3.4 $3.3 $2.9 $16.8
Spent/Committed $3.2 $4.0 $3.0 $2.1 $0.9 $13.2
Past Reimbursements
Funds Reimbursed to HUD
due to HOME Expenditures
from 1995 to 2002 $2,200,154
Funds Reimbursed to HUD
due to CDBG Expenditures
from 1997 to 2005 $2,187,400
Total $4,387,554
Highlights of 2006-2007
• Issued RFQ to qualify Not-For-Profit organizations, private developers and contractors to build single-family homes on City-owned vacant lots in East Tampa
Design Criteria
Highlights of 2006-2007
• Established design criteria for single-family homes to be built on City-owned lots.
• Commissioned four affordable, single-family home designs for in-fill lots
Design Criteria
Highlights of 2006-2007
• Incorporated bonus density provision for affordable housing in Chapter 27 Code
Highlights of 2006-2007
• Housing Finance Authority Single Family Revenue Bond Program– Partnering with the Hillsborough County HFA and
Hillsborough County– Providing $750,000 in SHIP funds to augment $10
million in HFA tax exempt bonds– HFA “80/20” mortgage, borrower receives 100%
financing– Down payment assistance equal to 20% of purchase
price, maximum $50,000
Highlights of 2006-2007
2006• 40 - Owner-occupied homes rehabilitate
• 14 rehabilitated with TIF funds
2007• 93 - Owner-occupied homes rehabilitated or
in process• 34 rehabilitated with TIF funds
Highlights of 2006-2007
2006• 48 - Persons / Families received down
payment assistance to purchase single-family homes
2007• 65 - Persons / Families received down
payment assistance to purchase single-family homes
Highlights of 2006-2007
2006• 3 - In-fill single-family homes built by
West Tampa CDC
Completed
Highlights of 2006-2007
2007• 29 - In-fill single family
homes being built• Community Housing
Development Organization (CHDO)
• COACH Foundation• East Tampa Business &
Civic Association
Highlights of 2006-2007
2006• 105 Repairs by Centre for Women
(Senior Housing Improvement Program)
2007• 38 Repairs by Centre for Women (Senior
Housing Improvement Program)
Highlights of 2006-2007
Audit findings– The City of Tampa’s Internal audit noted
significant operational improvements
– HUD - closed one audit findings
– SHIP - satisfactory SHIP monitoring review
Meridian Pointe
Multi-family New Construction
2006• 520 - Affordable rental
units opened– Meridian Pointe
• 2450 E. Hillsborough Avenue
– Centro Asturiano• 1302 E. 21st Avenue
Highlights of 2006-2007
2007• 296 - Affordable rental units under
construction– Park Terrace
N. 40th Street & Hillsborough Avenue– San Lorenzo Terrace
4820 Gomez Avenue
New for FY 2007
• Award pending on 37 East Tampa Lots for single-family in-fill homes by 3 Non-profits and 3 builders
• Real Estate Development Workshop series for Faith Based groups
New for FY 2007
– Central Park Village
• 203 Affordable Units $6,000,000
• 160 Affordable Units for Seniors $1,550,000
Central Park Village
Tax Credit applications submitted to Florida Housing Finance Agency with contribution from the City of Tampa
– Madison Heights
• 108 Affordable Units for Seniors$1,500,000
New for FY 2007
City of TampaState Housing Initiative Partnership
(SHIP) Program
SHIP Local Housing Assistance Plan (LHAP)• The creation of the City’s LHAP 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 increase the supply and delivery of safe, decent and affordable housing in Tampa.
City of TampaState Housing Initiative Partnership
(SHIP) Program
SHIP Local Housing Assistance Plan (LHAP)• Additionally, this Plan is created to further the housing
element, specifically the affordable housing component, of the City’s comprehensive plan.
SHIP LHAP Housing Strategies
• Down Payment / Closing Costs Assistance
• Singe-family In-fill / New Construction
• Owner-Occupied Rehabilitation or Emergency Repairs
• New Construction / Rehabilitation of Multi-Family Rental Units
• Disaster Strategy
• Foreclosure Prevention
SHIP LHAP Housing Strategies
• Affordable housing incentive strategies that are currently in place to facilitate, encourage, preserve and produce affordable housing, in order to assure safe, decent and affordable housing for the City’s very low, low, and moderate income households
SHIP LHAP Housing Strategies
Existing Incentive Strategy #1
• Expedited permitting - Construction Services Department has system in place for expediting permits for qualified affordable housing developments
SHIP LHAP Housing Strategies
Existing Incentive Strategy #2
• Ongoing review process - GMDS Director responsible for the oversight of policies, procedures ordinances that may have an impact on the cost of housing
Additional Existing Incentives
• Density bonus flexibility
• Inventory public lands for affordable housing