Board of County Commissioners
Local Housing Assistance Plan
Amendment
State Fiscal Years
2012-2015
August 5, 2014
Presentation Outline
Background
Revisions to Housing Strategies
Action Requested
Presentation Outline
Background
Revisions to Housing Strategies
Action Requested
Background
State Housing Initiatives Partnership Program
(SHIP)
 Primary funding source for affordable housing
programs in Florida
–Documentary stamp revenues
–Housing Trust Fund
 Orange County has been a recipient of
SHIP funding since 1994
Background
SHIP Program – Orange County Allocation
Year
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
Allocation
$0
$742,809
$358,366
$1,340,435
$4,355,191
Background
SHIP Program – Expenditure Requirements
 65% of funds – home-ownership activities
 75% of funds – construction related
 60% of funds – low-income households
 2014-2015 allocation of $4.3M must be expended
by June 2017
Background
Local Housing Assistance Plan (LHAP)
 Required for funding under the SHIP Program
 Identifies housing strategies for very low, low, and
moderate income households
 Amendments must be adopted by resolution
Presentation Outline
Background
Revisions to Housing Strategies
Action Requested
Revisions to Housing Strategies
LHAP Amendments
 Increase number of units produced
 Add a new strategy as an incentive
for new construction
 Increase maximum sales price for
affordable housing
Revisions to Housing Strategies
Current Housing Strategies
 Down Payment Assistance
 Home-owner Rehabilitation
 Multi-Family Acquisition/Construction
 Special Needs Housing
Revisions to Housing Strategies
Yearly Average
2010-2014
Down Payment Assistance
68
Homeowner Rehabilitation
41
Multi-Family Construction
93
Special Needs Housing
18
Revisions to Housing Strategies
Down Payment Assistance
 Increase amount of assistance
 Provide assistance to moderate-income households
Income Level
Current
Proposed
Very Low
$10,000
$30,000
Low
$7,500
$20,000
Moderate
$0
$15,000
Revisions to Housing Strategies
Other Levels of Assistance
Income
Level
Dade
County
Palm Beach Hillsborough
County
County
Duval
County
Very Low
$80,000
$100,000
$40,000
$20,000
Low
$70,000
$65,000
$35,000
$17,500
Moderate
$60,000
$50,000
$10,000
$15,000
Revisions to Housing Strategies
Housing Rehabilitation
 Increase amount of assistance
 Provide assistance for reconstruction
Activity
Current
Proposed
Emergency Rehab
$15,000
$20,000
Substantial Rehab
$50,000
$75,000
$0
$100,000
Reconstruction
Revisions to Housing Strategies
Multi-Family Construction
 Encourage acquisition, construction, or
rehabilitation of rental housing for low income
households
 Continue to provide minimum local government
contribution for developers competing for State
Housing Tax Credits
 No revisions recommended
Revisions to Housing Strategies
Special Needs Housing
 For adult persons requiring independent living
services
 Provide assistance to disability support organizations
to acquire, construct, or rehab group homes
 Partner with nonprofit agencies to provide home
modifications for people with disabilities
 20% of SHIP allocation must be spent under this
strategy – $871,038
 No revisions recommended
Revisions to Housing Strategies
New Strategy: Impact Fee Subsidy
 Few homes being built at price levels affordable to
low-income households
 Developer incentive to build owner occupied
homes, affordable to low-income households
 Subsidy Level:
Revisions to Housing Strategies
Maximum Sales Price
 Maximum sales price established in LHAP
 Factors that affect affordability
 Sales price
 Income
 Interest rate
Revisions to Housing Strategies
HUD 2014 Income Limits
 Median Income $54,800
Household
Size
Very Low
Low
Moderate
1
2
3
4
$20,100
$22,950
$25,800
$28,650
$32,100
$36,700
$41,300
$45,850
$48,240
$55,080
$61,920
$68,760
Revisions to Housing Strategies
Maximum Sales Price
 Increase maximum sales price
From
To
$170,000
$200,000
Revisions to Housing Strategies
Affordable Housing Advisory Board
 Appointed by the BCC
 Makes recommendations on housing strategies
 Board recommends the proposed revisions
Presentation Outline
Background
Revisions to Housing Strategies
Action Requested
Action Requested
 Approval of Resolution of the Orange County Board of
County Commissioners regarding the State Housing
Initiatives Partnership (SHIP) Program and the Orange
County Local Housing Assistance Plan (LHAP) for State
Fiscal Years 2012-2013, 2013-2014, 2014-2015;
Certification to Florida Housing Finance Corporation;
and State Housing Initiatives Partnership (SHIP) Program
Local Housing Assistance Plan Amendment for State
Fiscal Years 2012-2013, 2013-2014, 2014-2015. All
Districts