SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP)

Transcription

1 Council Agenda EXHIBIT A COLLIER COUNTY FL Collier County, Florida SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) , and

2 Table of Contents Description Section I, Program Details Section II, Housing Strategies A. Owner Occupied Rehabilitation B. Purchase Assistance c. Foreclosure Prevention D. Disaster Mitigation E. Rental Development F. Rental Assistance G. Rental Rehabilitation H. Rental Acquisition Section III, Incentive Strategies A. Expedited Permitting B. Ongoing Review Process C. Increased Density for Affordable Housing Exhibits A. Administrative Budget for each fiscal year covered in the Plan B. Timeline for Estimated Encumbrance and Expenditure c. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the plan D. Signed LHAP Certification E. Signed, dated, witnessed or attested adopting resolution F. Ordinance: (If changed from the original creating ordinance) G. lnterlocal Agreement Page# NIA

3 I. Program Details: A. Name of the participating local government: I Collier County Board of County Commissioners Is there an lnterlocal Agreement: Yes x No --- lf"yes", name local government(s) in the lnterlocal Agreement~ City of Naples B. Purpose of the program: I. To meet the housing needs of the extremely low, very low, low and moderate income households; 2. To expand production of and preserve affordable housing; and 3. To further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: , and D. Governance: The SHIP Program is established in accordance with Section , Florida Statutes and Chapter 67-37, Florida Administrative Code. Cities and Counties must be in compliance with these applicable statutes, rules and any additional requirements as established through the Legislative process. E. Local Housing Partnership: The SHIP Program encourages building active partnerships between government, lenders, builders and developers, real estate professionals, advocates for low-income persons and community groups. F. Leveraging: The Plan is intended to increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. SHIP funds may be leveraged with or used to supplement other Florida Housing Finance Corporation programs and to provide local match to obtain federal housing grants or programs. G. Public Input: Public input was solicited through face to face meetings with housing providers, social service providers and local lenders and neighborhood associations. Public input was solicited through the local newspaper and County website in the advertising of the Local Housing Assistance Plan and the Notice of Funding Availability. H. Advertising and Outreach: SHIP funding availability shall be advertised in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding - 3 -

4 availability is required. For advertisements other than NOF A's, the County will accept applications during the dates specified in the advertisement distributed via the County website, or via the County purchasing office. I. Waiting List/Priorities: A waiting list will be established when there are eligible applicants for strategies that no longer have funding available or when a fiscal year is not open for disbursement. Those households on the waiting list will be notified of their status. Applicants will be maintained in an order that is consistent with the time applications were submitted as well as any established funding priorities as described in this plan and separated based on the strategy applied for. Priorities for funding described/listed here apply to all strategies unless otherwise stated in the strategy. When funds are available for a particular strategy, the applicants from the waiting list will be contacted to complete/update the application for SHIP assistance. Applicants will be placed in the queue for assistance once they have provided all required documentation and been deemed SHIP eligible. Once there is a list of eligible applicants, they will be ranked in the following order Ranking Priority: 1. Special Needs Households - Extremely low, Very low, low and moderate-income households and persons with special needs as defined in Florida Administrative Code, Definitions (21) Persons Who Have Special Housing Needs a) Extremely low b) Very low c) Low d) Moderate 2. Essential Services Personnel a) Extremely low b) Very low c) Low d) Moderate 3. After Special Needs Set-asides and ESP goals are met a) Extremely low b) Very Low c) Low d) Moderate J. Discrimination: In accordance with the provisions of ss , it is unlawful to discriminate on the basis of race, color, religion, sex, national origin, age, handicap, or marital status in the award application process for eligible housing. K. Support Services and Counseling: Support services are available from various sources. Available support services may include but are not limited to: Homeownership Counseling (Pre and Post), Credit Counseling, Tenant -4-

5 Counseling, Foreclosure Counseling, through qualified HUD approved agencies. COLLIER COUNTY FL L. Purchase Price Limits: The sales price or value of new or existing eligible housing may not exceed 90% of the average area purchase price in the statistical area in which the eligible housing is located. Such average area purchase price may be that calculated for any 12-month period beginning not earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and existing units, which can be lower but may not exceed 90% of the median area purchase price established by the U.S. Treasury Department or as described above. The methodology used is: _ x_ U.S. Treasury Department Local HFA Numbers M. Income Limits, Rent Limits and Affordability: The Income and Rent Limits used in the SHIP Program are updated annually by the Department of Housing and Urban Development and posted at Affordable means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections , F.S. However, it is not the intent to limit an individual household's ability to devote more than 30% of its income for housing, and housing for which a household devotes more than 30% of its income shall be deemed Affordable ifthe first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30% benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. Any exceptions to the ratios must be approved by the Community and Human Services Director. The Income and Rent Limits used in the SHIP Program are updated annually from the Department of Housing and Urban Development and distributed by Florida Housing Finance Corporation. Affordable means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections F.S. However it is not the intent to limit an individual household's ability to devote more than 30% of its income for housing, and housing for which a household devotes more than 30% of its income. shall be deemed Affordable ifthe first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30% benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. Any exceptions to the ratios must be approved by the Community and Human Services Director. N. Welfare Transition Program: Should an eligible sponsor be used, a qualification system and selection criteria for applications for Awards to eligible sponsors shall be developed, which includes a description that demonstrates how eligible sponsors that employ personnel from the Welfare Transition Program will be given preference in the selection process. 0. Monitoring and First Right of Refusal: -5-

6 In the case of rental housing, the staff and any entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides the same monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and detennination of tenant eligibility. However, any loan or grant in the original amount of $3,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored annually for no Jess than 15 years or the term of assistance whichever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before I 5 years or that have remaining mortgages funded under this program must give a first right ofrefusal to eligible nonprofit organizations for purchase at the current market value for continued occupancy by eligible persons. P. Administrative Budget: A line-item budget of proposed Administrative Expenditures is attached as Exhibit A. Collier County, FL finds that the moneys deposited in the local housing assistance trust fund shall be used to administer and implement the local housing assistance plan. Section Florida Statute and Chapter 67-37, Florida Administrative Code, states: "A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan." Section Florida Statute and Chapter 67-37, Florida Administrative Code, further states: "The cost of administering the program may not exceed I 0 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined ins (17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs." The applicable local jurisdiction has adopted the above findings in the resolution attached as Exhibit E. Q. Program Administration: Administration of the local housing assistance plan may be wholly perfonned and maintained by Collier County, FL. Or Should a third party entity or consultant be contracted for all of part of the administrative or other functions of the program, the County will provide in detail the duties, qualification and selection criteria as detailed in each strategy and allowed by statute. R. Project Delivery Costs: In addition to the administrative costs listed above, the county or sponsor may charge a reasonable project delivery cost to cover inspections and other eligible project delivery activities performed by county or non-county employees for rehabilitation projects. A sponsor may charge project delivery to cover the cost of assisting eligible homebuyers or tenants in the application process. The delivery cost will be included in the maximum award to the beneficiary. The County will require time sheets from sponsor to track employee hours to prevent duplication of payment. -6-

7 S. Essential Service Personnel Definition: Essential Service Personnel (ESP) persons involved in providing essential services in Collier County, as defined as follows: Those individuals employed in the community as teachers, educators, other school district employees, community college and university employees, police and fire personnel, health care personnel, skilled building trades personnel (as listed in the U.S. Department of Labor, General Decision No. FL , dated 3/20/2015, for building construction in Collier County, Florida, as may be amended or superseded from time to time), and government employees. T. Green Building and Energy Saving products and processes: The County will, when economically feasible, employ the following Green Building requirements on rehabilitation and emergency repairs: I. Low or No-VOC paint for all interior walls (Low-VOC means 50 grams per liter or less for flat paint; 150 grams per liter or less for non-flat paint); 2. Low-flow water fixtures in bathrooms-watersense labeled products or the following specifications: a. Toilets: 1.6 gallons/flush or less, b. Faucets: 1.5 gallons/minute or less, c. Showerheads: 2.2 gallons/minute or less; 3. Energy Star qualified refrigerator; 4. Energy Star qualified dishwasher, if provided; 5. Energy Star qualified washing machine, if provided in units; 6. Energy Star qualified exhaust fans in all bathrooms; and 7. Air conditioning: Minimum SEER of 14. Packaged units are allowed in studios and one bedroom units with a minimum of 11.7 EER. These requirements may be adjusted for rental developments if the requirement of other construction funding sources requires a more prescriptive list. Innovative design, green building principles, storm resistant construction or other elements that reduce long term costs relating to maintenance, utilities or insurance. Collier County Homeownership Education classes provide curriculum on cost cutting measures that homeowners can use to reduce energy consumption. Collier County also encourages the use or inclusion, when appropriate, of the following: energy star appliances; low-e windows; additional insulation (for increased R-value); ceramic tile; tank-less water heater; 14 and 15 SEER air conditioning units; stucco; florescent light bulbs; impact resistant windows and doors. -7-

8 Section II. LHAP Strategies: A. I Owner Occupied Rehabilitation j Code 3 a. Summary of Strategy: SHIP funds will be awarded to households in need of repairs to correct code violations, health and safety issues, electrical, plumbing, roofing, windows and other structural items. The home must be suitable for rehabilitation and located within the unincorporated and incorporated areas of Collier County. Loans for assistance may include costs related to all eligible repairs, inspections, work write-ups, recording fees and project delivery fees. b. Fiscal Years Covered: , and c. Income Categories to be served: Extremely Low, Very-low, Low and Moderate Applicants assisted must be income certified as extremely low, very low, low and moderate income which includes persons with Special Needs as defined in Florida Administrative Code, Definitions (21) Persons Who Have Special Housing Needs. d. Maximum award: $35,000 *Rehabilitation amount is $30,000. Additional cost including project delivery fee may exceed the rehabilitation award amount and shall be recorded on a subordinate mortgage depending on cost of total project. e. Terms: I. Loan/grant: Funds will be awarded as a deferred payment loan secured by a recorded subordinate mortgage and note. 2. Interest Rate: 0% 3. Term: 15 years 4. Forgiveness/Repayment: Funds will be secured with a recorded fifteen ( 15) year, 0% interest, deferred subordinate mortgage on the property in the amount of the funds used in the project. The fifteen (15) years will began once all final invoices are paid and deferred subordinate mortgage is signed by homeowner. If all conditions of the loan are met, one-third of the loan will be forgiven in five year increments so that at the end of the fifteenth year the loan is forgiven. Monthly payments are not required. 5. Default/Recapture: The loan will be determined to be in default if any of the following occurs during the Loan term: sale, transfer, or conveyance of property; conversion to a rental property; loss of homestead exemption status; or failure to occupy the home as primary residence. If any of these occur, the outstanding balance will be due and payable. Persons that qualify for SHIP assistance will be required to contractually agree to all - 8 -

9 SHIP program guidelines, County SHIP mortgage requirements, repayment provisions, and certify that the unit assisted will be their primary residence. Repayment of the loan is required in full when one of the following conditions is met, whichever occurs first: I. Sale; if proceeds are not sufficient to pay off the mortgage note then the homeowner may contact the County regarding a settlement amount of the SHIP Joan that is outlined in the County's "Short Sale Policy". 2. Title transfer, either voluntarily or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. 3. Refinance; a refinance of the first mortgage may be approved without repayment if the request is submitted in writing and the refinance is at a lower fixed rate with no cash out in accordance with the "Subordination Policy". 4. Home is no longer primary residence, abandoned, leased or rented. In the event that all mortgage holders are deceased, the loan will be forgiven. The County reserves the right to foreclose if the homeowner does not repay the loan as noted above. All funds are deposited into the Local Housing Trust Fund and reported as Program Income or Recaptured Funds in the State Fiscal Year they are received as appropriate for Annual Reporting purposes. In cases where the qualifying homeowner(s) die(s) during the Joan term, the loan may be assumed by a SHIP eligible heir who will occupy the home as a primary residence. If the legal heir is not SHIP eligible or chooses not to occupy the home, the outstanding balance of the loan will be due and payable. If the home is foreclosed on by a superior mortgage holder, the county may make an effort to recapture funds through the legal process if it is determined that adequate funds may be available to justify pursuing a repayment. f. Recipient Selection Criteria: Applicants will be ranked for assistance based on a first-qualified, first-served basis with the priorities for Special Needs, Essential Services Personnel and income groups as described in section I. (I) of this plan. An applicant may submit a completed application for SHIP Owner-Occupied Rehabilitation to the County/Sponsor for a determination of eligibility at any time. Applicants are required to provide all documentation requested for income, eligibility and qualification determination. Applicants will receive a pre-approval Jetter and their file will be submitted to the Sponsor for unit eligibility. g. Sponsor/Developer Selection Criteria: The County will issue a Request for Proposals requesting applications for Construction Management services from non-profit or for profit organizations. Organizations are to provide the application intake and certification of households applying for Owner Occupied Rehabilitation as well facilitating the rehabilitation of the property. -9-

10 Organizations must submit the proposal as outlined in the RFP and initially provide information including, but not limited to, application intake process, income certification, contractor and bid process or prior rehabilitation and/or income certification experience with references. Additional information will be obtain such as resumes, construction oversight, construction agreements, accounting and financial information for project tracking and payment, organization experience, audit reports, financial statements, and income documentation for evaluation of sponsor eligibility. h. Additional Information: Mobile or manufactured homes will only be eligible for housing assistance if owner occupied, is affixed to the ground, the land is also owned by the occupant, the repairs do not exceed 90% of the value of the existing property and residence; and any and all repairs are within existing codes for the property. B. I Purchase Assistance j Code I, 2 a. Summary of Strategy: SHIP funds will be awarded for down payment and closing costs to households to purchase a newly constructed or an existing single family home or condominium. A newly constructed home must have received a certificate of occupancy within the last twelve months. An existing home with at least $2,500 in rehabilitation completed within the last twelve months or within 12 months after purchase may be considered to meet the construction set aside requirement as evidenced by documentation of the completed repairs. Funding, which is provided as a subordinate mortgage loan, may be used for down payment, closing costs and principal buy-down as needed for affordable home ownership. Prospective homebuyers must qualify as a First Time Homebuyer under the HUD definition: An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers). A single parent who has only owned with a former spouse while married. An individual who is a displaced homemaker and has only owned with a spouse. An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations. An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure. SHIP funds may be used in conjunction with a first mortgage loan obtained from a participating lender, not-for-profit developer, Florida Housing Finance Corporation's Bond Program or Rural Development. b. Fiscal Years Covered: , and c. Income Categories to be served: Extremely low, Very-low, low and moderate d. Maximum award: ExtremelyNery Low: Low: Moderate: $55,000* $35,000* $25,000* -10 -

11 *Additional $5,000 may be included for Essential Services Personnel. COLLIER COUNTY FL In the event that another funding source, such as CDBG or HOME, used in conjunction with SHIP, the total amount of assistance from all sources will not exceed the maximum award as stated herein. e. Terms: I. Loan/grant: Funds will be awarded as a deferred payment loan secured by a recorded subordinate mortgage and note. 2. Interest Rate: 0% 3. Term: 15 years 4. Forgiveness/Repayment: Funds are secured with a recorded fifteen ( 15) year, 0% interest, and deferred payment subordinate mortgage loan and note forgiven at the end of the 15 year period if all conditions have been met. The County will take a third position if FHFC funds are used in addition to SHIP or at the discretion of the Division Director. Monthly payments are not required. 5. Default/Recapture: The loan may be determined to be in default if any of the following occurs: sale, transfer, or conveyance of property; conversion to a rental property; loss of homestead exemption status; or failure to occupy the home as primary residence. If any of these occur, the outstanding balance will be due and payable. Repayment of the loan is required in full when one of the following conditions is met, whichever occurs first: I. Sale; if proceeds are not sufficient to pay off the mortgage note then the homeowner may contact the County regarding a settlement amount of the SHIP loan 2. Title transfer, either voluntarily or by operation oflaw, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. 3. Refinance; a refinance of the first mortgage may be approved without repayment if the request is submitted in writing and the refinance is at a lower fixed rate with no cash out in accordance with the "Subordination Policy''. 4. Home is no longer primary residence, or is leased or rented. In the event that all mortgage holders are deceased, the loan will be forgiven. The County reserves the right to foreclose ifthe homeowner does not repay the loan as noted above

12 The County has determined the following terms and provisions for program income versus recaptured funds: All funds are deposited into the Local Housing Trust Fund and reported as Program Income or Recaptured Funds in the State Fiscal Year they are received as appropriate for Annual Reporting purposes. In cases where the qualifying homeowner(s) die(s) during the Joan term, the loan may be assumed by a SHIP eligible heir who will occupy the home as a primary residence. If the legal heir is not SHIP eligible or chooses not to occupy the home, the outstanding balance of the loan will be due and payable. If the home is foreclosed on by a superior mortgage holder, the country may make an effort to recapture funds through the legal process ifit is detennined that adequate funds may be available to justify pursuing a recapture. f. Recipient Selection Criteria: Applicants will be ranked for assistance based on a first-qualified, first-served basis with the priorities for Special Needs, Essential Services Personnel and income groups as described in section I. (I) of this plan. An applicant may submit a completed application for Housing Assistance to the County for a determination of eligibility at any time. Applicants are required to provide all documentation requested for income, eligibility, and qualification determination. Funds will be reserved and awarded to applicants that have met all of the County requirements, are SHIP Income Certified, homebuyer's certification and have a mortgage loan approval from a participating Lender prior to submitting an applicant. Applicants must attend a county approved Homeowner Education Program and provide a copy of the certificate to the Division prior to submitting an application. The Certificate must be dated within one year of County application date. g. Sponsor/Developer Selection Criteria: The County will issue a Request for Proposals/Application for Purchase Assistance Project Management from non-profit /for profit organizations. Organizations are to provide the Application intake and income certification of households applying for Purchase Assistance. Organizations must submit the proposal as outlined in the RFP/ Application and initially provide information including, but not limited to, application intake process, income certification process, prior Purchase Assistance and/or income certification experience with references. Additional information to be obtained will include resumes, project management oversight, prior agreements, accounting and financial information for project tracking and payment, organization experience, audit reports,

13 financial statements, for evaluation of sponsor eligibility. Non-profit I for profit housing providers will be evaluated competitively using established evaluation and selection criteria. CHS staff will evaluate each application submitted. In the initial phase staff will review the application for general conformance with the submission requirements. The evaluation phase will consist of an in-depth review of the following: Compliance with SHIP regulations Project risk analysis Financial risk analysis Capacity and experience Project feasibility Adherence to SHIP eligibilities/requirements Past performance evaluation h. Additional Information: Applicants must secure a first mortgage by an approved lender. 1. Units assisted must be within the incorporated or unincorporated area of Collier County. 11. Mobile or manufactured homes are not a category of eligible housing for the County at this time Completion of the Homebuyer Education Program is mandatory prior to closing. iv. First mortgage must be at a fixed rate; no ARM's, prepayment penalty, negative amortizations, balloon loan, owner financing or other nonaffordable loan tenns are allowed. v. Financial Institutions must be approved by the County in order to participate in the SHIP Program

14 C. I Foreclosure Prevention I Code 7 a. Summary of Strategy: Funds will be awarded to homeowners that are in arrears on their first mortgage. The arrearage must be at least three months, but no more than six months and cannot be under an active foreclosure action. b. Fiscal Years Covered: 20 I 6-20 I 7, 20 I 7-20 I 8 and 20 I 8-20 I 9 c. Income Categories to be served: Extremely low, Very-low, Low and Moderate d. Maximum award: $I 0,000 e. Terms: I. Loan/grant: Funds will be awarded as a deferred payment loan secured by a recorded subordinate mortgage and note 2. Interest Rate: 0% 3. Term: 5 years 4. Forgiveness/Repayment: NIA 5. Default/Recapture: Repayment due upon sale, transfer, or conveyance of property; conversion to a rental property; loss of homestead exemption status; or failure to occupy the home as primary residence. If any of these occur, the outstanding balance will be due and payable. Repayment of the loan is required in full when one of the following conditions is met, whichever occurs first: I. Sale; if proceeds are not sufficient to pay off the mortgage note then the homeowner may contact the County regarding a settlement amount of the SHIP loan 2. Title transfer, either voluntarily or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. 3. Refinance; a refinance of the first mortgage may be approved without repayment if the request is submitted in writing and the refinance is at a lower fixed rate with no cash out in accordance with the "Subordination Policy". 4. Home is no longer primary residence, or is leased or rented. In the event that all mortgage holders are deceased, the loan will be forgiven. The County reserves the right to foreclose if the homeowner does not repay the -14 -

15 loan as noted above. The County has determined the following tenns and provisions for program income versus recaptured funds: All funds are deposited into the Local Housing Trust Fund and reported as Program Income or Recaptured Funds in the State Fiscal Year they are received as appropriate for Annual Reporting purposes. In cases where the qualifying homeowner(s) die(s) during the loan tem1, the loan may be assumed by a SHIP eligible heir who will occupy the home as a primary residence. If the legal heir is not SHIP eligible or chooses not to occupy the home, the outstanding balance of the loan will be due and payable. If the home is foreclosed on by a superior mortgage holder, the county may make an effort to recapture funds through the legal process if it is determined that adequate funds may be available to justify pursuing a recapture. f. Recipient Selection Criteria: In addition to being selected on a first-qualified, first - served basis, applicants must: 1. Provide proof on the arrearage in the fonn of notification from the mortgage holder. This cannot be from a private mortgage holder. 2. Provide evidence of a hardship that caused the arrearage (health issue, loss of employment/income, death of household member, divorce, or other evidence acceptable to the division director). 3. Provide a written statement as evidence of the ability to resume making payments after the assistance is used which includes an explanation of how the hardship has been overcome and an indication of the budget plan that will allow for resumption of payments. 4. Receive counseling from a HUD approved agency trained in foreclosure counseling. The counseling agency must sign off on the budget plan. g. Sponsor/Developer Selection Criteria: The County will issue a Request for Proposals/Application for Purchase Assistance Project Management from non-profit /for profit organizations. Organizations are to provide the Application intake and income certification of households applying for foreclosure prevention. Organizations must submit the proposal as outlined in the RFP/Application and initially provide infonnation including, but not limited to, application intake process, income certification process, prior foreclosure assistance and/or income certification experience with references as well as experience with foreclosure counseling. Additional infonnation to be obtained will include resumes, project management oversight, prior agreements, accounting and financial information for project tracking and payment, organization experience, audit reports, financial statements,

16 for evaluation of sponsor eligibility. Non-profit/for profit housing providers will be evaluated competitively using established evaluation and selection criteria. CHS staff will evaluate each application submitted. In the initial phase staff will review the application for general conformance with the submission requirements. The evaluation phase will consist of an in-depth review of the following: Compliance with SHIP regulations Project risk analysis Financial risk analysis Capacity and experience Project feasibility Adherence to SHIP eligibilities/requirements Past perfonnance evaluation h. Additional Information: Applicants may be required to apply to other foreclosure assistance programs ( Foreclosure Counseling Program) for assistance prior to being approved for assistance under this strategy. D. I Disaster Mitigation I Code 5 a. Summary of Strategy: The Disaster Strategy provides assistance to households following a disaster as declared by the President of the United States or Governor of the State of Florida. This strategy will only be implemented in the event of a disaster using any funds that have not yet been encumbered or additional disaster funds issued by Florida Housing Finance Corporation. Also, this will be awarded along with the Owner Occupied Rehabilitation Programs. SHIP disaster funds may be used for items such as, but not limited to: Tree and debris removal to make individual housing units habitable; Interim repairs to avoid further damage to home; Emergency supplies to weather proof damaged home; Building permits; Post disaster assistance with non-insured repairs; Insurance deductibles; Expenses to prevent flooding of home such as sand bags, sand, pump, rental, etc.; and Construction of wells or repair of existing wells where public water is not available. Immediate threats to health and life safety (sewage, damaged windows, roofing) in cases where the home is still habitable. Imminent residual damage to the home (such as damage caused by a leaking roof) in cases where the home is still habitable. -16-

17 Repairs necessary to make the home habitable. Repairs to mitigate dangerous situations (exposed wires) b. Fiscal Years Covered: 20I6-2017, 20I and c. Income Categories to be served: ExtremelyNery-low, low, moderate d. Maximum award: $30,000 e. Terms: I. Loan/grant: Funds will be awarded as a grant with no recapture terms. 2. Interest Rate: 0% 3. Terms: NIA 4. Forgiveness/Repayment: NIA s. Default/Recapture: All SHIP funds provided to eligible households will be in the form of a grant and not subject to recapture. Persons that qualify for SHIP assistance will be required to sign a grant agreement, contractually agreeing to all SHIP program guidelines f. Recipient Selection Criteria: Applicants will be assisted on a first-qualified, firstserved basis with the following additional requirements: I. Must provide proofofhomeowner's insurance 2. Must file for and use proceeds from insurance as first option 3. Must complete a FHC approved "disaster self-declaration of income form" The unit assisted must be owner-occupied and homesteaded as the primary residence. g. Sponsor/Developer Selection Criteria: The County will issue a Request for Proposals/Application for Purchase Assistance Project Management from non-profit /for profit organizations. Organizations are to provide the Application intake and income certification of households applying for Purchase Assistance. Organizations must submit the proposal as outlined in the RFP/ Application and initially provide information including, but not limited to, application intake process, income certification process, prior Purchase Assistance and/or income certification experience with references. Additional information to be obtained will include resumes, project management oversight, prior agreements, accounting and financial information for project tracking and payment, organization experience, audit reports, financial statements, for evaluation of sponsor eligibility. Non-profit I for profit housing providers will be evaluated competitively usmg established evaluation and selection criteria

18 CHS staff will evaluate each application submitted. In the initial phase staff will review the application for general conformance with the submission requirements. The evaluation phase will consist of an in-depth review of the following: Compliance with SHIP regulations Project risk analysis Financial risk analysis Capacity and experience Project feasibility Adherence to SHIP eligibilities/requirements Past performance evaluation h. Additional Information: Funds for disaster mitigation will only be allocated from unencumbered funds or additional funds awarded through Florida Housing Finance Corporation for the disaster. Also, this will be awarded along with the owner occupied rehabilitation programs. SHIP funds at all times must be used for eligible applicants and eligible housing. SHIP disaster funds may not be used for the purchase or rehabilitation of mobile homes beyond the allowable 20% unless authorized within the Executive Order. E. I Rental Development a. b. c. d. e. Summary of Strategy: Funds will be awarded to developers of affordable rental units for construction financing through other state or federal housing programs to construct affordable rental units. This funding is intended to be used as gap financing required for the project. In cases where a smaller development (less than 50 units) is being proposed that includes Special Needs units, the county may choose to provide a larger amount of the overall construction financing. Fiscal Years Covered: , and Income Categories to be served: Extremely/Very-low, low and moderate Maximum award: $100,000 per development over 50 units $150,000 per development with 50 units or less that includes Special Needs units. $50,000 match contribution Terms: I. Loan/grant: For for-profit developers, funds will be awarded as a loan secured by a recorded subordinate mortgage and note

19 For non-profit developers, funds will be awarded as a forgivable loan secured by a recorded subordinate mortgage and note. 2. Interest Rate: 0%. 3. Term: 15 years 4. Forgiveness/Repayment: a. For For-profits, the Joan is due and payable at the end of the tenn unless the county negotiates an extended Joan tenn to secure affordable rental units in the best interest of the county's residents. b. For Non-profits, the Joan is forgiven on a prorated basis beginning in year six ( 6) of the fifteen ( 15) year tenn so that I 0% of the loan is forgiven annually from years six through fifteen. 5. Default/Recapture: For all awards, a default will be determined as: sale, transfer, or conveyance of property; conversion to another use; failure to maintain standards for compliance as required by any of the funding sources. If any of these occur, the outstanding balance will be due and payable. Repayment of the loan is required in full when one of the following conditions is met, whichever occurs first: I. Sale; if proceeds are not sufficient to pay off the mortgage note then the property owner (not-for-profit or for profit) may contact the County regarding a settlement amount of the SHIP loan. 2. Title transfer, either voluntarily or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. 3. Refinance; a refinance of the first mortgage may be approved without repayment if the request is submitted in writing and the refinance is at a lower fixed rate with no cash out in accordance with the "Subordination Policy". 4. Property will no longer serve the intended target population. Repaid funds are considered program income, a portion of which may be used for program administration. f. Recipient Selection Criteria: All applicants for residence in a SHIP-assisted unit must meet income qualifications of the program as determined and reported by the developer' s management company for the development. g. Sponsor/Developer Selection Criteria: Developers will apply to the county through an application or RFP process. The application/rfp will require proof of developer experience in providing affordable rental housing, proof of financial capacity, evidence of site control (or contract for sale), proof of ability to proceed once all funding is closed, and a housing unit design plan that meets with the county' s housing element in the Comprehensive Plan. The county reserves the right to select developments that have met all the above -19 -

20 requirements and: I. Are in areas of immediate need due to lack of available units. 2. Propose to preserve and improve existing units. All funding awards will be subject to closing on other funding sources. h. Additional Information: Developers will be required to meet compliance reporting requirements on the development necessary to meet the statutory requirements for monitoring of SHIP rental units. The county will provide up to $50,000 of match contribution if developer applies and subsequently is approved through the Florida Housing Finance Corporation for a low-income housing tax credit. F. I Rental Assistance I Code 13 a. Summary of Strategy: Funds will be awarded to renters that are in need of a onetime payment to assist with in obtaining a lease on a rental unit and qualify under (I 0). This may include utility deposits, security deposits and rent equal to no more than twelve months' rent. b. c. d. e. Terms: Fiscal Years Covered: , and Income Categories to be served: ExtremelyNery-low, low and mod Maximum award: ExtremelyNery low: $ 15,000 Low: Mod: $15,000 $15,000 I. Loan/grant: Funds will be awarded as a grant. 2. Interest Rate: NIA 3. Term: NIA 4. Forgiveness/Repayment: NIA 5. Default/Recapture: NIA f. Recipient Selection Criteria: Applicants will be referred by a lead or social service agency, or contact CHS and be assisted on a first-qualified, first served basis. g. Sponsor/Developer Selection Criteria: Non-profit I for profit housing providers will be evaluated competitively using established evaluation and selection criteria. CHS staff will evaluate each application submitted. 1n the initial phase staff will - 20-

21 review the application for general conformance with the submission requirements. The evaluatio11 phase will consist of an in-depth review of the following: Compliance with SHIP regulations Project risk analysis Financial risk analysis Capacity and experience Project feasibility Adherence to SHIP eligibilities/requirements Past performance evaluation h. Additional Information: The lease must be at least twelve months. Applicant must be in danger of becoming homeless (eviction or 3 day notice) or currently homeless. Applicant must be a US citizen or permanent resident. Unit must be able to pass a habitability standard inspection and be within HUD established fair market rent limits. G. I Rental Rehabilitation 14 a. Summary of Strategy: The program is designed to rehabilitate rental units within Collier County. The rental units will serve extremely low, very-low, low and moderate income households with a preference for applicants with special housing needs as defined in s , Florida Statutes Loans will be given to non-profit /for-profit housing providers who have site control and ownership of the properties to rehabilitate existing single family rental units on scattered sites or a rental complex located in Collier County. Assistance may be provided for large projects involving the repair of multiple rental units. Individual tenants seeking repairs on their individual rental units may not directly apply for assistance from this strategy. The SHIP funds used in the rehabilitation rental program may be leveraged by public and private sources. b. Fiscal Years Covered: , and c. Income Categories to be served: extremely low, very-low, low and moderate income d. Maximum award: Maximum rehabilitation loan to non-profit/ for-profit provider shall e. Terms: not exceed $500,000 per property. Maximum per unit award amount is $30,000. I. Loan/deferred loan/grant: Funds will be made available by loans secured by a subordinate mortgage placed on the property rehabilitated

22 2. Interest Rate: 0% 3. Term: 15 years 4. Forgiveness/Repayment: Repayment of the loan is required in full under the following conditions : 1. Sale; if proceeds are not sufficient to pay off the mortgage note then the property owner (not-for-profit or for profit) may contact the County regarding a settlement amount of the SHIP loan. 2. Title transfer, either voluntarily or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. 3. Refinance; a refinance of the first mortgage may be approved without repayment if the request is submitted in writing and the refinance is at a lower fixed rate with no cash out in accordance with the "Subordination Policy". 4. Property will no longer serve the intended target population. 5. Default/Recapture: Repaid funds are considered program income, a portion of which may be used for program administration. Units will be monitored for a period of fifteen (15) years per Rule Chapter of the Administrative Code. Resale and First Right of Refusal for Affordable Housing will be given to Eligible Sponsors as noted in Section (4)(f) Florida Statutes. f. Recipient Selection Criteria: Non-profit/for-profit providers will be required to income qualify all tenants in accordance with SHIP regulations. Priority for projects will be given to those who serve Special Needs as defined by s , Florida Statutes. g. Sponsor/Developer Selection Criteria: Non-profit I for profit housing providers will be evaluated competitively using established evaluation and selection criteria. CHS staff will evaluate each application submitted. In the initial phase staff will review the application for general conformance with the submission requirements. The evaluation phase will consist of an in-depth review of the following: Compliance with SHIP regulations Project risk analysis Financial risk analysis Capacity and experience Project feasibility Adherence to SHIP eligibilities/requirements Past performance evaluation

23 h. Additional Information: Once the improvements are completed, the COLLIER COUNTY FL developer/sponsor shall ensure all eligible tenants will be income qualified that must occupy the units on subject property during the fifteen year Joan term. H. j Rental Acquisition 120 a. Summary of Strategy: The program is designed to acquire rental units within Collier County. The rental units will serve extremely low, very-low, low and moderate income households with a preference for applicants with special housing needs as defined in s , Florida Statutes. Loans will be given to non-profit /for-profit housing providers to acquire existing single family rental units on scattered sites or a rental complex located in Collier County. The SHIP funds used in the acquisition of rental housing may be leveraged by public and private sources. b. Fiscal Years Covered: , and c. Income Categories to be served: extremely/very-low, low and mod income d. Maximum award: Maximum acquisition loan to non-profit/ for-profit provider e. Terms: shall not exceed $300,000 per rental property. I. Loan/deferred loan/grant: Funds will be made available by loans secured by a subordinate mortgage placed on the property rehabilitated. 2. Interest Rate: 0% 3. Term: 15 years 4. Forgiveness/Repayment: Repayment of the loan is required in full under the following conditions : 1. Sale; if proceeds are not sufficient to pay off the mortgage note then the property owner (not-for-profit or for profit) may contact the County regarding a settlement amount of the SHIP Joan. 2. Title transfer, either voluntarily or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. 3. Refinance; a refinance of the first mortgage may be approved without repayment if the request is submitted in writing and the

24 refinance is at a lower fixed rate with no cash out in accordance with the "Subordination Policy". 4. Property will no longer serve the intended target population. 5. Default/Recapture: Repaid funds are considered program income, a portion of which may be used for program administration. f. Recipient Selection Criteria: Non-profit/for-profit providers will be required to income qualify, first qualified, first served,all tenants in accordance with SHIP regulations.. g. Sponsor/Developer Selection Criteria: Non-profit I for profit housing providers will be evaluated competitively using established evaluation and selection criteria. CHS staff will evaluate each application submitted. In the initial phase staff will review the application for general confonnance with the submission requirements. The evaluation phase will consist of an in-depth review of the following: Compliance with SHIP regulations Project risk analysis Financial risk analysis Capacity and experience Project feasibility Adherence to SHIP eligibilities/requirements Past perfonnance evaluation h. Additional Information: Once the improvements are completed, the developer/sponsor shall ensure all eligible tenants will be income qualified on an annual basis, must occupy the units on subject property during the fifteen year loan tenn

25 II. LHAP Incentive Strategies In addition to the required Incentive Strategy A and Strategy B, include all adopted incentives with the policies and procedures used for implementation as provided in Section , F.S.: A. Name of the Strategy: Expedited Permitting Permits as defined ins (6) (t) (3) for affordable housing projects are expedited to a greater degree than other projects. On December 8, 2015, the Board Collier County Board of County Commissioners Approved an AHCA recommended Incentive Strategy to expedite the development review process for qualified affordable-workforce housing. Initially, a qualification meeting is called with the developer and staff to determine if the project meets the affordable housing requirements. Those projects that demonstrate compliance will be issued a certificate to allow the expedited review process for all development orders. Planning and Zoning will provide expedited status by assisting these developments first throughout the process from application through Certificate of Occupancy. B. Name of the Strategy: Ongoing Review Process An ongoing process for review of local policies, ordinances, regulations and plan provisions that increase the cost of housing prior to their adoption. Collier County requires all items which have the potential to increase the cost of housing to be prepared and presented to the Collier County Board of County Commissioners with the amount of the increase or decrease mentioned in the executive summary. The process, by which items are prepared for the BCC Agenda includes a vast approval hierarchy to ensure that all proposed actions impacting affordable housing are reviewed on an ongoing basis. Furthermore, the Collier County Affordable Housing Advisory Committee regularly fonns subcommittees to review impediments to affordable housing, as well as new affordable housing incentives. C. Other Incentive Strategies Adopted: Increased Density for Affordable Housing Collier County allows developers to request increased density when including a certain percentage of affordable housing in the proposed development. An Affordable Housing Density Bonus Agreement must be submitted and approved by the Collier County Board of County Commissioners as provided for in the Collier County Land

26 Development Code, ss Inventory of Locally Owned Public Lands Suitable for Affordable Housing. Collier County prepares an inventory of all real property owned by Collier County that may be appropriate for use as affordable housing in accordance with Sec F.S. every three years. On December 8, 2015, the Board Collier County Board of County Commissioners Approved an AHCA recommended Incentive Strategy to permits properties identified as appropriate for use as affordable housing may be offered for sale and the proceeds used to purchase land for the development of affordable housing or to increase the local government fund earmarked for affordable housing, or may be sold with a restriction that requires the development of the property as pennanent affordable housing, or may be donated to a nonprofit housing organization for the construction of permanent affordable housing

27 IV. EXHIBITS: A. Administrative Budget for each fiscal year covered in the Plan. B. Timeline for Estimated Encumbrance and Expenditure. C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the plan. D. Signed LHAP Certification. E. Signed, dated, witnessed or attested adopting resolution. F. Ordinance: (If changed from the original creating ordinance). G. lnterlocal Agreement. H. Other Documents Incorporated by Reference

28 1 ADMINISTRATIVE BUDGET FOR EACH FISCAL YEAR Exhibit A LHAP (Local Government name) Exhibit A Revised: 6/2015 Fiscal Year: Estimated Allcoation for Calculating: $ Salaries and Benefits $ Office Supplies and Equipment $ Travel Per diem Workshops, etc. $ Advertising $ Other* $ Total $ Fiscal Year: Estimated Allcoation for Calculating: $ Salaries and Benefits $ Office Supplies and Equipment $ Travel Per diem Workshops, etc. $ Advertising $ Other* $ Total $ Fiscal Year Estimated Allcoation for Calculating: $ Salaries and Benefits $ Office Supplies and Equipment $ Travel Per diem Workshops, etc. $ Advertising $ Other* $ Total $ 406, , , , , , , , , , , , , , , , , , , , , *All "other" items need to be detailed here and are subject to review and approval by the SHIP review committee. Project Delivery Costs that are outside of adminsitrative costs are not to be included here, but must be detailed in the LHAP main document. Details: 28

29 Exhibit B Timeline for SHIP Expenditures _C~o~l_l i e~r_c~o~u~n~tv~ affirms that funds allocated for these fiscal years will (loco/ government) meet the following deadlines: Fiscal Year Encumbered Expended 1st Year AR 2"d Year AR Closeout AR /30/ /30/2019 9/15/2017 9/ 15/2018 9/15/ /30/2019 6/30/2020 9/ 15/2018 9/15/2019 9/15/ /30/2020 6/30/ /15/2019 9/15/2020 9/15/2021 If funds allocated for these fiscal years is not anticipated to meet any of the deadlines in the table above, Florida Housing Finance Corporation will be notified according to the following chart: Fiscal Year Funds Not Funds Not 1st Year AR 2"d Year AR Closeout AR Encumbered Expended Not Not Not Submitted Submitted Submitted /30/2018 3/30/2019 6/15/2017 6/15/2018 6/15/ /30/2019 3/30/2020 6/15/2018 6/ 15/2019 6/15/ /30/2020 3/30/2021 6/15/2019 6/15/2020 6/15/2021 Requests for Expenditure Extensions (close-out year ONLY) must be received by FHFC by June 15 of the year in which funds are required to be expended. The extension request shall be ed to robert.dearduff@floridahousing.org and terry.auringer@floridahousing.org and include: 1. A statement that " (city/county) requests an extension to the expenditure deadline for fiscal year 2. The amount of funds that is not expended. 3. The amount offunds that is not encumbered or has been recaptured. 4. A detailed plan of how/when the money will be expended. Note: an extension to the expenditure deadline (June 30) does not relieve the requirement to submit {September 15} the annual report online detailing all funds that have been expended. Please terrv.aurinqer@f/oridahousinq.orq when you are ready to "submit" the AR. Other Key Deadlines:AHAC reports are due for each local government by December 31 of the year prior to the local government's LHAP being submitted. Local governments receiving the minimum or less allocation are not required to report. 29

30 FLORIDA HOUSING FINANCE CORPORATION PIHH check ppllc ble box HOUSING DELIVERY GOALS CHART NewPl n: x I Amendment I I I I Fl c I Yr. CloHout: N m of Loe1I Gowmment: Collier County Allocation: $3,886, I I A B c D E F Without Strategy# HOME OWNERSHIP ELI Max.SHIP New Construction Rehab/Repair Total Total Total VLI Max. SHIP LI Max. SHIP Ml Mu.SHIP Conatructlon From Pl n Text STRATEGIES (atrategy title muat Code be same aa the tltl u sed In pl n Unit Award Units Award Units Award Units Award SHIP Doll rs SHIP Dollars SHIP Doll rs SHIP Dollars Percentage Units text. 1 Purchase Assistance 9 $50, $50, $30, $20,000 $ $ $1, % 49 2 Disaster Assistance $ $30,000 $ S % 0 3 Owner-Occupied Rehabilitation 3 $30,000 2 $ $ $30,000 $197, $ $197, $591, % 16 $ $ % 0 $ % 0 $ % 0 $ % 0 Subtotal 1 (Home Ownership) $197, $1,164, $1, 164, $2.526, % 65 RENTAL ELI Max. SHIP VLI Max. SHIP LI Max. SHIP Ml Max. SHIP New Conatructlon Rehab/Repair Without Total Total Total STRATEGIES Units Award Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units Rental Rehabllltlation $30,000 $30, $500, $ % 0 Rental Acqulstlon $30,000 $30, $300, $300, % 0 Rental Development $551, $551, % 0 $ % 0 $ % 0 Subtotal 2 (Non-Home Ownership) $551, $ $0.00 $1, % 0 Admlnlatratlon FHa $408, Admln. From Prog,.m Income 0.00% Home Ownership CounHllng $ % GRAND TOTAL Add Subtotal& 1 & 2 olua 111 Admln. & HO Counaell $ $ $ $ % 65 Percentage Construction/Rehab Calcul te ConstrJReh b Percent by ddlng G,.nd Total Column A&B, then divide by Annual Allocation Amt #DIV/01 Maximum Allowable Purchne Price: New Exlatlng - Allocation Breakdown Amount % Projected Program Income: Max Amount Program Income For Adm $0.00 Vtry-t.ow Income $1.166, % Projected Recaptured Funds: Low Income $1.166, % Distribution: Mode,.te Income $1.554, % Total Avallable Funda: $0.00 TOTAL I I $3,886, % I

31 - I I FLORIDA HOUSING FINANCE CORPORATION k HAP Exhlbt C 2015 Pleaae check applicable box HOUSING DELIVERY GOALS CHART New Plan: x I Amendm.nt: I I I I Fiscal Yr. CIOHOUt: Name of Local Government: Collier County Allocation: $3,886, I - I A B c D E F Without Strategy# HOME OWNERSHIP ELI Max.SHIP New Construction Rehab/Repair Total Total Total VLI Max. SHIP LI Max. SHIP Ml Max. SHIP Construction STRATEGIES (strategy title must From Plan Code be same as the title used In plan Unit Award Units Award Units Award Units Award SHIP Dollars SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units Text text 1 Purchase Assistance 9 $50, $ $ $20,000 $967, $ $1,935, % 49 2 Disaster Assistance $30,000 $ $ $ % 0 3 Owner-Occupied Rehabilitation 3 $30,000 2 $ $ $ $ $197, $197, $591, % 16 $ % 0 $ % 0 $ % 0 S % 0 $ % 0 Subtotal 1 (Home Ownership) $197, $1, $1,164, $2, % 65 RENTAL ELI Max. SHIP VLI Max. SHIP LI Max. SHIP Ml Max. SHIP New Construction Rehab/Repair Without Total Total Total STRATEGIES IJnlts Award Units Award Units Award Units Award SHIP Dollers SHIP Dollars SHIP Dollars SHIP Dollars Percentage Units Rental Rehabilltialion $30,000 $30, $500, $500, % 0 Rental Acqulstlon $ $30, $300, $300, % 0 Rental Development $ $ % 0 S % 0 $ % 0 Subtotal 2 (Non-Home Ownership) $551, $800, $0.00 $1.351, % 0 Administration Faas $408, % Admln. From Program lnconm 0.00% HonM Ownership CounHllng S % GRAND TOTAL Add Subtotals 1 & 2 Dlus all Admln. & HO Counsel! S s S S Percentage Construction/Rehab Calculate ConstrJRahab Percent by adding Grand Total Columns A&B, then divide by Annual Allocation Aml #DIVIO! Maximum Allowable Purchase Prtce: New Existing Allocation Breakdown Amount ;. Projected Program Income: Max Amount Program Income For Adm $0.00 Vary-low Income $ % Projected Recaplured Funds: Low Income $1.166, % Distribution: Moderate Income $1, % Total Available Funds: $ TOTAL I I $3,886, % I ~ -- 31

32 I I FLORIDA HOUSING FINANCE CORPORATION ILHAP ExhlbtC 2015 PleHe check ppllc ble box HOUSING DELIVERY GOALS CHART NewPl n: x I Amendment: I I I I Flac I Yr. CloHout: Name of Local Gowmment: Collier County Alloc tlon: $3,886, I I A B c D E F Without Str.tegy# HOME OWNERSHIP ELI Mu.SHIP New Conatructlon Rehab/R p lr Total Total Total VLI Mu. SHIP LI Mu. SHIP Ml Max. SHIP Conatructlon From Pt.n Text STRATEGIES (sntegy title muat Code be ume H the title uaed In plan Unit Awud Units Award Units Award Units Award SHIP Ooll rs SHIP Dolt.rs SHIP Ooll rs SHIP Dollars Percentage Units text 1 Purchase Assistance 9 $50, $ $30, $ $967, $967, $1,935, % 49 2 Disaster Assistance $ $30,000 $30,000 $ % 0 3 Owner-Occupied Rehabilitation 3 $30,000 2 $ $30,000 9 $30,000 $197, $ $197, $ % 16 $ % 0 $ % 0 $ % 0 S % 0 $ % 0 Subtotal 1 (Home Ownership) $ $1,164, s 1, 164, $2.526, % 65 RENTAL ELI Mu. SHIP VLI Mu.SHIP LI Mu. SHIP Ml Mu. SHIP New Conatructlon R h b/repalr Without Total Total Total STRATEGIES Units Award Units Award Units Award Units Award SHIP Dollars SHIP Oonars SHIP Dolt.rs SHIP Dollars Percentage Units Rental Rehabilitiation $30,000 $30, $500, $500, % 0 Rental Acquistlon $30,000 $ $300, $300, % 0 Rental Development $551, $ % 0 $ $ % 0 Subtotal 2 (Non-Home Ownership) $551, $800, $0.00 $1,351, % 0 Admlnlatration FeH $408, % Admin. From Proaram Income 0.00% Home Ownership CounHllng $ % GRAND TOTAL Add Subtotals 1 & 2 plus all Admln. & HO Counsel! $ s $ $ % 65 Percentage Construction/Rehab C lcul te ConstrJReh b Percent. by dding Grand Total Columns A&B, then divide by Annu I Alloc tlon Amt. tdiv/01 Maximum Allowable Purchase Price: New Existing Alloc tlon Breakdown Amount % Projected Program Income: Max Amount Program Income For Adm $0.00 Very-Low Income $1, % Projected Recaptured Funds: Low Income $1,166, % Distribution: Moderate Income $1,554, % Total AV11lt.ble Funda: $0.00 TOTAL I I $3,886, % I ~ - 32