Broward County Board of County Commissioners Affordable Housing Workshop

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Broward County Board of County Commissioners
Affordable Housing Workshop
October 23, 2007 Room 430 12-2pm
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Agenda

1. Housing and Community Development Program Update
2. Three-Year Affordable Housing Plan

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Paying for the American Dream
Counties where highest rate of homeowners spend
50 of income on housing Miami-Dade,
Fla. 24.9 Kings, N.Y. 24.2 Bronx,
N.Y. 23.1 Queens, N.Y. 22.8 Monterey,
Calif. 22.4 Broward, Fla. 21.5 Lake,
Fla. 21.5 Monroe, Fla. 21.4 Passaic,
N.J. 21.2 Union, N.J. 21.2 103,461 Broward
homeowners spending over 50 of income on
housing Miami Herald, September 12, 2007
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(No Transcript)
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Households Spending 30 or More of Income on
Housing Broward County 2006
Source 2006 American Community Survey
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Households Spending 30 or More of Income on
Housing Broward County 2006
Source 2006 American Community Survey
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Broward Housing Cost Factors

• Land-locked
• Scarce Vacant Land
• High Land Values
• Insurance/Taxes

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Projected Affordable Housing Demand 2008 to 2012

• 80 - 150 of Median Income 3,375 units/year
• Below 80 of Median Income 6,413 units/year
• Permanent Supportive Housing 120
  units/year
• 9,908 units/year

Broward Housing Partnership Housing Needs
Assessment The Metropolitan Center Florida
International University March 1, 2006 and
Broward County Housing and Community Development
Division A Way Home Broward County,
Floridas Ten Year Plan to End Homelessness
October, 2005 - 120 units/year represents annual
prorated amount of projected need of 1,200
units by 2016
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Traditional Affordable Housing Resources

• Federal/State Grants
• Housing Authorities
• Broward County Housing Finance Authority
• Homeless Initiatives

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Countywide Resources and Impact
FY 2006-2007 Funding Units Vouchers Clients
Broward County and Partnership Municipalities 43M 1,833 5,067
Broward County Housing Finance Authority 110M 1,224
Entitlement Municipalities 23M 2,729 29,301
Housing Authorities 113M 2,452 9,999
Homeless Program 15M 9,400
Total 304M 8,238 9,999 43,768
Homeless Program Funds represent FY 2005-2006
and include 3.2M for permanent affordable
housing for approximately 282 clients
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Housing and Community Development Division
Administered Resources
FY 2006-2007 Funding
CDBG - Housing Purchase Assistance, Housing Rehabilitation, Public Services, Public Facilities/ Improvements 7M
CDBG Disaster Funding -Hurricane Wilma Related Housing Activities and Infrastructure Projects 22M
HOME - Housing Purchase Assistance, Housing Rehabilitation, Housing Construction/development activities and Tenant Based Rental Assistance 5M
ESG Homeless prevention related operational and social services costs for transitional housing, emergency shelter care and aftercare for behavioral health consumers. 0.2M
SHIP-Purchase Assistance, Development and New Construction Assistance, Foreclosure Prevention, Barrier Free, Water Sewer Connection. (Includes Davie and Coral Springs) 9M
HOUSING FINANCE AUTHORITY- Multi Family Developments and Single Family Mortgage 110M
TOTAL 153.2M
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FY 2007-2008 HCDD Projected Resources

• CDBGSHIPHOME 16M
• New Housing 793 Units
• Rehabilitation 295 Units
• AHP 2.3M
• Net New Housing Units TBD
• HFA Projected 39M
• Multi-Family 296 Units
• Single Family 60 Units

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County Commission Initiatives

• Adopted Broward County Land Use Plan Policy Since
  2005
• 3,200 affordable units
• 1.3 M for affordable housing assistance
• Waived Impact Fees
• 1.1 M waived since April 27, 2005
• 800 units
• Established Central County SF Infill Housing
  Program
• Awarded 71 lots to date
• Funded AH Program 2M in FY07 and 2.3M in FY08
• Issued Single Family Mortgage Bonds 30M/169
  Mortgages
• Streamlined Development Permitting
• Expanded plat exemptions (2 or less units)
• Shortened Plan Amendment Approval Process by two
  months
• Awarded 26 Lots in Renaissance Lauderhill
• Initiated Mayors Transit Summit Process
• Approved New Mixed Land Use Categories
• (TOC, TOD and Mixed Use Residential)
• 21,000 New Units since 2005

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Three-Year Work Program FY 2007-2008

• Support Sadowski Act reauthorization/cap removal
• If uncapped Sadowski Funds
• 6.3M/422 units - Broward
• 23.4M/1565 units Countywide
• Evaluate linkage fee-FIU Study
• Continue State/Federal housing programs
• Continue the Countys SF Infill Housing Program
  and the AH Program
• Select developer for Flagler Point AH Project
• Develop HFA Employer Assistance Demonstration
  program (ie. School Board, Hospital District)
• Amend Commercial category of the BCLUP to
  increase density allow affordable housing as a
  permitted use
• Assess State Multi-family Project competitiveness
  
• Continue HFA Single Family Bond Program
• Market HFA Multi Family Project Financing
• Private Sector Role - Wages, Benefits and
  Employee Assisted Housing

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Three-Year Work Program FY 2008-2009

• Dedicate RCP Interest Flagler Point Income
  Recovery to AHP.
• Issue RFP for the Franklin Park Plat for 17 SF
  Affordable Housing lots.
• Release RFP for redevelopment of the HFA building
  for Affordable Housing and HFA office space.
• Pursue Banking Consortiums such as Neighborhood
  Lending Partners
• Release RFP for model demonstration project of a
  Green single-family home on a County lot.
• Pursue Transit Housing Oriented Redevelopment
  (THOR) for Broward Boulevard and SR 7.
• Define Specific Mixed Use/Affordable Housing
  Opportunities
• Continue State and Federal housing programs

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Three-Year Work Program FY 2009-2010

• Pursue Public Private Partnership for a mixed-use
  project with Affordable Housing at Bank Atlantic
  Center.
• If linkage fee is established, evaluate funding a
  Community Land Trust for affordable housing.
• If no dedicated funding source has been
  established, pursue legislation to authorize
  local Doc. Stamp fee.
• Continue to implement State/Federal housing
  programs

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SUMMARY

• CDBGSHIPHOME
• 16M
• New Housing 793 Units
• Rehabilitation 295 Units
• HFA Projected 39M
• Multi-Family 296 Units
• Single Family 60 Units
• Commission Initiatives
• 4.7M 4,929 Units
• Funded AHP FY 2007-2008
• 2.3M Units TBD
• Developed 3 Year Work Program