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