CITY OF TAMPA

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CITY OF TAMPA

• Growth Management and Development Services
• Housing Community Development Division
• 2008

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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
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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
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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

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Highlights of 2006-2007
Design Criteria

• 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

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Highlights of 2006-2007
Design Criteria

• 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

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Highlights of 2006-2007

• Incorporated bonus density provision for
  affordable housing in Chapter 27 Code

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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

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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

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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

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Highlights of 2006-2007

• 2006
• 3 - In-fill single-family homes built by West
  Tampa CDC

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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

Completed
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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)

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Highlights of 2006-2007

• Audit findings
• The City of Tampas Internal audit noted
  significant operational improvements
• HUD - closed one audit findings
• SHIP - satisfactory SHIP monitoring review

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Multi-family New Construction

• 2006
• 520 - Affordable rental units opened
• Meridian Pointe
• 2450 E. Hillsborough Avenue
• Centro Asturiano
• 1302 E. 21st Avenue

Meridian Pointe
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Highlights of 2006-2007

• 2007
• 296 - Affordable rental units under construction
• Park Terrace
• N. 40th Street Hillsborough Avenue
• San Lorenzo Terrace
• 4820 Gomez Avenue

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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

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New for FY 2007
Tax Credit applications submitted to
Florida Housing Finance Agency with contribution
from the City of Tampa
Central Park Village

• Central Park Village
• 203 Affordable Units 6,000,000
• 160 Affordable Units for Seniors 1,550,000

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New for FY 2007

• Madison Heights
• 108 Affordable Units for Seniors 1,500,000

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City of TampaState Housing Initiative
Partnership(SHIP) Program

• SHIP Local Housing Assistance Plan (LHAP)
• The creation of the Citys 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.

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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 Citys comprehensive
  plan.

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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

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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 Citys very low, low, and moderate income
  households

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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

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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

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Additional Existing Incentives

• Density bonus flexibility
• Inventory public lands for affordable housing