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HomeMy WebLinkAboutCity of Tamarac Resolution R-2007-141Temp. Reso. #11244 Page 1 of 3 September 11, 2007 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-2007-/O/ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, APPROVING THE ANNUAL REPORT FOR THE STATE HOUSING INITIATIVE PARTNERSHIP FOR FY 2004/2005 AND THE INTERIM REPORTS FOR FY 2005/2006 AND FY 2006/2007; PROVIDING FOR CONFLICT; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Tamarac, Florida (hereinafter referred to as the "City'), receives approximately four hundred sixty thousand dollars ($460,000) annually in funding from the State Housing Initiative Partnership ("SHIP") program; and WHEREAS, the City is required to submit annual reports to the Florida Housing Finance Corporation regarding the expenditure of SHIP funds pursuant to Section 420.9075(10), Florida Statutes; and WHEREAS, the City Commission deems it to be in the best interests of the citizens and residents of the City to approve and submit the Annual Report for the SHIP Program for Fiscal Year 2004/2005, and the Interim Reports for Fiscal Years 2005/2006, and 2006/2007, which are attached hereto as Exhibit "A", Exhibit "B", and Exhibit "C", respectively, and incorporated herein by reference. Temp. Reso. #11244 Page 2 of 3 September 11, 2007 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA THAT: Section 1. The foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this Resolution. Section 2. The City Commission of the City of Tamarac, Florida hereby certifies, approves, and authorizes the filing of the State Housing Initiative Partnership ("SHIP") Annual Reports for Fiscal Year 2004/2005, and the Interim Reports for Fiscal Years 2005/2006, and 2006/2007, which are attached hereto as Exhibit "A", Exhibit "B", and Exhibit "C", respectively, and incorporated herein by reference. Section 3. The City Clerk is hereby directed to provide a certified copy of this Resolution along with the City's SHIP Program Annual Reports and Interim Reports to the appropriate governmental officials. Section 4. All resolutions or parts of resolutions in conflict herewith be, and the same are hereby repealed to the extent of such conflict. Section 5. If any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. 1 I Temp. Reso. #11244 Page 3 of 3 September 11, 2007 Section 6. This Resolution shall become effective immediately upon its passage and adoption. PASSED, ADOPTED AND APPROVED this day of September, 2007. ATTEST: MARION SWENS N, CMC CITY CLERK I HEREBY CERTIFY THAT I HAVE APPROVED THIS RESOLUTION AS TO FORM. ry'X(t�i// �,,S UEL S. GOREN CITY ATTORNEY 1 ism 10,000,11 �- RECORD OF COMMISSION VOTE: MAYOR FLANSBAUM-TALABISCO DIST 1: COMM. PORTNER DIST 2: COMM. ATKINS-GRA DIST 3: V/M SULTANOF Walv DIST 4: COMM. DRESSLERI EXHIBIT "A" STATE HOUSING INITIATIVE PARTNERSHIP (SHIP) ANNUAL REPORT FISCAL YEAR 2004-2005 CLOSE OUT REPORT C� r.] X PREPARED BY: COMMUNITY DEVELOPMENT DEPARTMENT HOUSING DIVISION 7525 NW $$ AVENUE TAMARAC, FL 33321 PHONE: (954) 597-3539 FAX: (954) 597-3540 SUBMISSION DATE; September 12, 2007 Form 1: SHIP DISTRIBUTION SUMMARY submittal Date: 9/12/2007 y�rdpn 420 1.)075191, F E Fiscal Year 2004/2005 Ft.ORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT NAME OF LOCAL ENTITY' City Of Tamarac TABLE A. TARI F A' Tndl R--,. tar ual andlnr anncinated) for I, ncal HIP Truxt Fund A B Source of SHIP Funds Amount Percentage of Funds of Funds State Annual Distribution 422,627.00 $0.69 Program Income Interest 19,136.41 3 65 % Pro ram Income (Payments) 0.00% Reca turgid Funds .� 84,234.37 1 Disaster Funds Other Funds 0.0016 Cant over funds from previous year 2,241.51 •0.43 % Total Funds Deposited into Local Affordable HousingTrust Fund 5 23,756.27 100.00% TABLE C "Enter Total SS from Table A Columns A, B. & C 525,665.17 """Enter amount to be carried forward to next year. 7,908.9.. TOTAL' Must equal Total from Farm 1, Table b, Col. B. """Gaily forward is used only in a closeout y— when the amount of funds Tho uning are not sufficient to fully assist one unit. nit esslstud �s C-Med In the next fiscal year SHIP AR/02-1 FORM 2 Rents and Compliance Summary v Sect,on 420.90750,).(c).(d).(9). F S FLORIDA HOUSING FINANCE CORPORATION -SHIP PROGRAM ANNUAL REPORT t Name of Local Entity: City of Tamarac Submittal Date'. 09/12/07 Fiscal Year zoo<i1Uo'� Tahlp ARental I In,t Information STRATEGY DESCRIPTION RFNTAL RATES -ACTUAL (If rents vary for the same unit, enter greate.st anmunl) A B C D E ER 1 Bed 2 Bed 3 Bed 4 Bed r rslare�ea-x�rs�a rrs�orrrn-rmrsx.�rra �m[rasrrnrrerl Source of $$ Produced thru June 30th for Units Amount of Funds Expended to Date % of Total Value A e C SHIP Fund!; Expended 482,445.65 38.68% Public Mone sEx.ended 213,462.10 17.12% Private Funds Fxpended 422 993.21 33.92 % Owner Equity 128,235.35 10.28% Total Value of All Units 1,247,136.31 100.00 % Tahla C gHIP Prnnram ('mmnlianrp tii immary - Hnmp Ownpr¢hin/('nn¢tri Irtinn/Pphahh Comphanco Category SHIP Funds' Trust Fund " / dt Trust Fund FL Statute Minimum A B C D E HOME OWNERSHIP 482.445.65 506,861.37 95.18 % 65% CONSTRUCTION/REHABILITATION 482,445.65 506,861.37 95.18% 75% uxPunuvu, enwnmelnu, a JI-1-1n1un1nu tPlulncrnu) n1 unn —ie —Trust Fund equals Distribution plus Recaptured Funds Table D: Program Compliance - Income Set -Asides InWnW Category SHIP $ Ex ended SHIP $ Encumbered SHIP $ Unencumbered Total A+B+C % of Total Available Funds 'Total Available Funds B C D E f ELI 0.00 " 0.00% 523,756.27 Very -Low Income 197,622.45 197,622.45 37-73% 523,756.27 Lnw Income 126 319.65 126,31965 ':'. 24:12% 523,75627 Moderate Income 158,503.55 158,503.55 30.26% 523,756.27 TOTAL ...«.». , "total Available Funds" equals State Distribution Recaptured Funds Program Income CarryOver Funds Other Funds 'From Form 1 Table B Column B total;,,», „ 92.11 % 523,756.27 ELI and VLt must; equal 30;k of higher and ELI, VLI and U Wtust agWat 60% or higher '. strategy Description ended Funds otal # of Ex ended Units A B C D Total 0.00 0.00 Tahlp F Prniprt for FrnenrlaH F ,I, Or,l , Income Category Total SHIP Mortgages, Loans and DPL's # of SHIP Mortgages, Loans and DPL's Average Loan Amount Total of SHIP Grants # of SHIP Grants Average Grant Amount Total SHIP Funds Total # Expended of Units A B C b E F G H LLI #DIV101 000 0 #DIV/0! vrn -Lew Income 197 622.45 7 28 231.78 0.00 D 7 Low lm:urnu 126.319.65 6 21 053.28 0.00 0 #DIV/01 »..'} ta 6 Moderate Income 158,503.55 2 79,251.78 0.00 0 #DIV/0! ..; 2 TOTAL 482,445.65 15 32,163.04 0.00 0 #DIVlO! 15 ...................... .:.",..,•d�»:A�Vi�k>M�ilxflfffl:�.�A'.�W9,a1>i�l�{$ IL11rT�n[�rsnr+�•�cR51R[mriA[friRiVasifi1C R<fJar4[f 1JLRrL1C1riTJLRSR� Total Amount of Program Income '5%Maximum "10%Maximum Total °/n Prngranl Incume Allowed for A<IminiShaliun Total AdminlsirnJr'n IncomeU A B C D E 19,136.41 956.82 1,g13.64 956.82—•••�--'„�;�;,„' - uounues ano CIIg I01e Mumclpairves wmcn receive more man me minimum alsinounon. Counties and Fligihle Munn pal f - which receive the rn'n murn distribution or le.- Tahlp H A11--hla Arlmini¢tratinn Rcf A-1. from Ini¢a¢t— FiinH¢ use eunel me .. m uI u-iu a a 11uu1 n. Total Amount of Diaastor Funds '5%Maximum "'10%Maximum Total DlaaSler F}, Allowed fur fps Total Administration Income Used A if fion A B C D E 0.00 OA0 0.00 1 L 0.00 euunnes and Eiiglole municipalities wnlcn receive more man me minimum alstrlDunon. Counties and Eligible Municipalities which receive tho minimum distributiun uI less. Use ,n Ur 1ul. ­­.­ I as applicable D40 SHIP AR/02-1 Nil 11111111111111111111111111 IN ■ 11��1��11��11■111�1 � m ON 1111 11111 111111111111111111 ■ 1■11■11�11�1�11■1�1� 1 ■ 1�1�1�1�1�1�1 � ■■11■1■11■1■11■1■111 ��1�1�■1�1�■1�IIil l ■ �■11■1■II�I�I�INII i Ilillll■111011 ■ 111111111111111111111■11I11�11 ■ IN■11�1■1■1�1�111 1 ■ 1��1 1�1�1�1 11� 1 1�1■1�11■111■11■11■11� � Form 4 Program Summary Submittal Date: 09/12/07 Florida Statutes: Section 420.9075 Fiscal Year: 2004/2005 FLORIDA HOUSING FINANCE CORPORATION SHIP PROGRAM ANNUAL REPORT Name of Local Entity: ('17Y OF TAMARAC I. Please provide information on the status of the implementation of the Local Housing Incentive Plan or Incentive Strategy adopted by the local Affordable Housing Assistance Plan. .A Incentive Strategy Expedited Permitting On -Going Review Process Zero -Lot Line Development B. Adopting Ordinance. or Resolution Number or identify local policy. Resolution 2007-34 (Approving Local Housing Assistance Plan) C. Implementation Schedule (Date). July 1, 2007 D. I [as the plan or sh'ategy been inq>Icrnenled? If no, describe steps that will betaken to implement the Plan. Yes E. Status of Strategy -(Is the strate6y functioning as intended, ie., are time frames being met, etc ) Incentive Strategies are serving the program as intended. 2. Attach a concise description of the support services that are available to the residents of affordable housing. The Building Department, Planning & Zoning Division, as well as other related departments have cooeprated with the implementation of approved Affordable Housing Incentive Strategies. Conttractors working with affordable housing projects have their plans stamped "Expedite" and other assistance and approvals filtered more expeditiously. 3. Attach such other data or unique affordable housing accomplishments considered significant by your Agency. (Success Stories, newspaper clippings, etc) 4. Describe how the Annual Report was made available for public inspection and comments. Attach copies of all comments that were received and provide the local government's response. Annual report approval was held as part of a Public Hearing and is available for review at all times in the Community Development Department. 5. Mortgage Default or Foreclosure: A. Since Slate I)scal seat' 1992-93 34 mortgages have been rrladc'to very low IncOrrle. I)OUSeholds with 2 in def.'lult IL Since Stale fiscal year 1992-93. 94 morigages have been made to low income households with I in default. C. Since Stale fiscal vear 1992-93, 40 mortgages have been made to moderate income households with 0 in default. D. Total default rile lur all rnurigagca. .0l o 6. Describe how eligible sponsors (if applicable) that employed personnel from welfare to work programs. The City does not utilize sponsors. 7. List strategies and give the average cost of production. Rehabilitation $ 39,052.88 Purchase Assistance $ 20.000.00 Target Area $ 35,011,33 8. Counties and eligible municipalities utilizing SHIP program funds must provide a list of recipients by strategy including names, addresses and zip codes for each fiscal year reporting to Florida (lousing Finance Corporation. NOTE: This is for each Ws EXPUNDe.D FUNDS. Please see attached SHIP Tracking Reports ,YiIP AR/02-1 i I$ pO A O i e 01111111111111111110111111111111 111118liiiiiiiiiiiiiiiiiiiiillillillilmilillo . . . . . . . . . . . . . .... in milli a I n X m Y u O rm a z c 3 Go m m m 0 0 m x m z 0 rn b z z v c z m z n 00 m m m G c z 0 m i e �■� � � ■� ■■� ■� � ■� � � ■� � � � ��� � � � � ■� ■� � � � � � ■� ■� � � � ���� ■� ■� � � � � � ■� ■� � � � � ■-- � � � � � � ■� ■� � ■� ■� ■� � ■� � � � � � � : ■� ��� ■� ■� � � � � ■� � ■� � � � ■� � ■� � � � ■� ■� � � � � ■� � ■� � � � ■� � �� � � � � � � � � � � ■� � ■� � � � ■� � ������������■�■N����■�� ■V 21§� | w quo �e Ilie tntnr N o x cl m � N O w O C) d 9 � m M �Nooa 0 n N T a/�� w O m n M Ch m y � i O C) M M OT N O c cn m x O r O 0 x a 0 m X cn 0 cn O z 0 m -n c z 0 CA a m m m z 0 m 0 m 0 3 N NINE IIIIII�I ' u IIIII gzg zzg �F �8 w -y c u�� '.c w E L � a '" �' C - t_n ecnnr (q w A N+ w A a ? ? a P� A C1 c 3 n C 3 mR' 0) CD m 0 3 ° m 3 C) - m oID 0 3 a C� c m Z A g o a_q n rn 3 m N o a?�p O 9 N r c TOT E N w g C Z S M a H m 0T x N n C _n Lo IM n N N N o N S S$ N$ C 2 ' 3 � 0 a Z n W Q o m m 8 8 8 Z n a 2 R$' W �'�p d n o? o c4ni ianv g g n N =V np �. pppp Sopo00000Qppppogp0000,ppo i pp O e y n TO %+ L G I 7 rn 14 a 9 v d N �e N o N 0op r N N ^ ernV/ N. � C N9-�d m z yR mm w v m j N N n N 7 } m W cz C a m O Q T O n a c � a o w po pop'pep" pobpp"bpp"bpp'� p p g booQ4 Q' 4 o�9 0 0 0 4N P U010 8 4 o� � . N�tn oup N N O m O � R � x o � S 0 w ,. pr w N ip N Z C b L W A N pp�� De f�11 + t v Oe v W n cob C1 N 0 8o b NN �pp $I 1 181,010 8 v o 0 0 gzzg -a O c)oo 0 0 m cn(Ar (p F3 F3 m 3 p_i h N a - O 3 � a E a N O m a O W W O n 3 3 n n 7 v m r � C R N u 0 G OT u 9 A 3 l7 U N gNo W 6 w C m 4 �a z O R nx m rn y o T N N a N o 0 M o 3 c r n 0 m $ $ b c n4r O rn O N w N N N N 3 C MO " a cp o o n a In o C .0 po S o 0 0 o MM NN ��ww yy�� yy�� yy�� ��nn ��nn ��nn ��ww N N M M M �'od 0 0 0 4 pp 4 0© b S po O a a p � S S S S S O 4 8$ S S S S S S S S S S S S S S S S S S S S$$ S S S S S S p S Sco > v -•mT Q i X z rn y o o u 0 o a m o p rn m a m m, E c $ 0 c $ 8 $$ v 0 c n !� CL spd�0 8 88 0 0 �a3 N �N8 np m O m�� w o u g •e+mepp "� � N C�C N R S S S �C N y ¢ NN m m o b N A ?� O W V V D u a -• % fn n a 3 0 eo m Ci 88$$888S8SS88oS0000aop4$$$$S8$$$S00 " N G s 0 s o m b " c Ct � �d Y E � N O m 1 m $ o o v o o S S$ o S w p= 0 r R co y r V� .0 Gn1 Z w �p O d o CD 3 0 a o` 0 �1 m r Z N G Y1� "�D1 1 N 0 V 0 0 0 U3 O v °o [ > TI T m m� N O � a n ❑ r �i v co Y x a s° v o a 0 m n c a a .C�.0 01 3 F m 8 C 3 m ? 2 ❑ n '; > W { m m y N 3 O Z 0 m ° v. aro M = n C CL try' Z m�� p ,�Ni ��� o� o�� o 0 0�� o 0 0 o a o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0� o ,I�i' �, � n ❑ �;.;c, 5888888888$8888858888$88888SSSSSSSSSSo44W T � N c m -n O X V M N try n M ❑ a; d m m ❑ � N a N n o � W 3 ° � ° H 6 O C T m o k5 d 9 _ N N M T Li ° n N N N N N N N M N M M N N N N N N N N N N N N N M N N N N N y� M N �yw� N yy�� Oo NN '3 a N 5 M �' H g3 8gig SS888s888888888888888888S888SSSSSSSoS°° ° m x m 3 x -o N O m 7' a � 1 =22 lam '71 W d 1 N NN m n' V UN ti A O O D pO S O EXHIBIT "B" CITY OF TAMARAC STATE HOUSING INITIATIVE PARTNERSHIP (SHIP) ANNUAL REPORT FISCAL YEAR 2005-2006 0 INTERIM REPORT V 1� PREPARED BY: COMMUNITY DEVELOPMENT DEPARTMENT HOUSING DIVISION 7525 NW 88 AVENUE TAMARAC, FL 33321 PHONE: (954) 597-3539 FAX: (954) 597-3540 SUBMISSION DATE; September 12, 2007 Form t SHIP DISTRIBUTION SUMMARY Submittal Data: 9/12/2007 Suction 420.9W5(9). 1 6 Fiscal Year 2005/2006 FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT NAME of LOCAL ENTITY: CITY OF TAMARAC TABLE A: MR TABLE B. Tutal Revenue (auWxl and/o, anlicipakd) ror Local SHIP Trus! Fund A B Source of SHIP Funds Amount Percentage of Funds of Funds State Annual Distribution 422 978.00 66.68% Program Income(Interest 42,554.70 6.71% Pro ram Income Pa menu 0.00 0.00K Recaptured Funds 104,517.76 16.48 s Disaster Funds 797= 10.4 Other Funds o.00 0.00% Carry over funds fromhrevious ear 1,908.90 -0.30 % Total Funds Deposited into Local Affordable Housin Trust Fund 634,368.50 100.00 % TABLE C. "Enter Total tit from Table A, Columns A, B, & C: 636,168.29 "'Enter unt am to be carried forward to next vear 1 (1.799.79) TOTAL" .. Must equal I mai trom corm 1. l ar,ie n, poi 0 "' any torwaro 1s use0 only ,n a closeout year when the amount of funds nng :are tint sutficlent to hilly assist one. unit The unit assisted 1s counted In the next fiscal year SHIP AR/02-t FOFA7 2; Rents and Compliance Summary Section 420. 9075(b), (r) (d), ((I), F.S. FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT Name of Local Entity: CITY OF TAMARAC submittal Date: 09l12f07 Fiscal Y[,gr Tap:+/':UUEs STRATEGY DESCRIPTION RENTAL RATES• ACTUAL (If runts vary fur the sarne unit, enter greatest amount) 8 C D E Eft 1 Bed 2 Bed 3 Bed 4 Bed TaHla R Rer.nn of Fundinn Snrrrnpm fnr I Initc Prndurari Source of $$ Produced thru June 30th for Units Amount of Funds Expended to Date % of Total Value A 8 C SHIP Funds Expended 135,819.40 16.25% Public Moneys Expended 297,910.04 35.65% Private Funds Ex vended 361,501.70 43 26 % Owner Equity 40,436.95 4.84 % Total Value of All Units 835,668.18 100.00% IrFlil: T.T1<.l1T-TSi.11:1I .Ri 11=.. I-l-1.1-'.1.M Cornpliance Category SHIP Funds' Trust Fund " % of Trust Fund FL Statute Minimum % A B C D E HOMEOWNERSHIP 4A2, 187.69 527,495.70 1 91.41% 65% CONSTRUCTION/REHABILITATION 422,187.69 1 527,495.70 1 80.04% 75% experrueu, a 1111eu1unniereu Iprufauau/ 111 uae ruum ^Trust Fund equals Distribution plus Recaptured Funds Table D'. Program Compliance - Income Set -Asides Income Category SHIP $ Expended SHIP $ Encumbered SHIP $ Unencumbered Tntal A+e+C % of Total Avaiiable Funds *Total Available Funds A e C D E F ELI 30,000 00 000 30,000.00 ::::4'.73% 634,368.56 Very -Low Income 20 000.00 168 899.41 188,899.41 :.29,78%. 634,368.50 Low Income 41,47370 121,55275 163,026.45 25:701/.: 634,368.50 Moderate Inrunre 44,345.70 160,976.23 205,321.93 32.37% 634.368.50 TOTAL .»»»»:! .a'."......... ..w.:„,».. «::.:: ..»», :':,:t ... ...i..,;,;,, ««` .' ,,.. 92.57%1 634,368.50 " I otal Available Flrnds equals State UisIrOution Kecaptured FllndS Program Income Larry Over runs Vther Fund,. From Form 1 Table 8 Column 8 total ELI and VU must equal 30% or higher And ELI VLI and 41 must egualr60% or Mightier Table E. Special Tarqet Groups for Funds Expended (i.e. teachers, nurses, law enforcement, fire fghler5. etc. ) Set Aside Strateav Description Special Target Group Funds Total # of E t Units - A B C D Y lal 0.00 0.00 Irrnr-��emnna>.rrarslmasrara�m-nor-ro�rrsrramn Income Category 'Total SHIP Mortgages, Loans and DPL's # of SHIP Mortgages, Loans and DPL's Average Loan Amount Total of SHIP Grants # of SHIP Grants Average Grant Amount Total SHIP Funds Ex ended Total # of Units A B C D E F G H ELI 30,000.00 1 30,000.00 0.00 0 #DIV/01 1 Ve -Low Income 65,602 55 2 32,801.28 000 0 #DIV/01 2 Low Income 41,473.70 3 13 824.57 0.00 0 #DIV/DI «....;«'ih'I'3� s 3 Moderate Income 44,345.70 3 14,781.90 0.00 01 #DIV/0! "0' 3. TOTAL 181,421.95 9 20,157.99 0.00 0 #DIV/01 ,.,»»,,,,;,,»»„»» ,. 0Jii3Y'&� Pd+tititii� Table G; Allowable Administration Set Aside from Program Income To Total Amnpnt of tal °/n Pruyram InCpnle Allowed for Total Adminisfr�tin„Y Proram Income •5%Maximum "10%Maximum Ad minislrahon Used A B I D E 42,554.70 2,127.74 4.255.47 5 ^ Cnuntles and Eligible Munidpalilius whictl reutivu Inure than the minimum dish'ibution. Use either the 51/. or 10 % $ amount. Counties and Eligible Municipalities whrh receive the minimum distribution or less im Total Amount of Disaster Funds ^5%Maximum ^•10%Maximum Total Disaster Funds Allowed for Total A ration Administration In ed A 8 C D E 66,227.00 1 3,311 351 6.622.701 0.00 uoume-s and tllgiole MnlunrpHlgiey wnirn receive more man trip. mrmmurn gr4lfrbptrenuse n or Iu,/o Jnn rune i -.- Counties n ^^ Counties and Eligible Municipalities which receive the minimum distribution or less. as applicable D40 SHIP AR/02-1 i ■ 1■1�11■II�IINI�1■Ilo 1 ■ 1■I�I�I�I�II�I.Ii 1 i 1■�1■Illill�l�l�l 1 �11�1�11■Ilrll■1■1 ■ ■ ■■11■1■11��1��11 ■ 111■11■1■11■1■11■1111 1 IIIAIII■11■11�11�11■111 1 ■ ■ 1■11■11■11■11■11�11■11 1 � ■�11�■�1�■�111�■IAI���11 11�II�III�I�i�1■1���11 111■11■1■IIAI■11�111 1 ■ 1�11■111■1�111■11�1�11 1 ■ 1■1�1■Il�llflll�l■11 1 ■ 1■1�1�11■11■11��11 1 form 4 Program Summary Submittal Date: 9/11/07 Iilorida Statutes Section 420 4075 Fiscal Year: 2005/2006 FLORIDA HOUSING FINANCE CORPORATION SHIP PROGRAM ANNUAL REPORT Name of Local Entity: CITY OF TAMARAC I. Please provide information on the status of the implementation of the Local Housing Incentive Plan or Incentive Strategy adopted by the local Affordable Housing Assistance Plan. A. Incentive Strategy. Expedited Permitting 0n-Going Review Zero -Lot Line Development B. Adopting Ordinance m Resolution Number or identify local policy. Resolution # R-2004-34 C. Iroplemenlaliun SChednlC (Date). 7/1 /2007 D. Has the plan ur stratcgv been implemented" If no. describe steps that will be taken to implement the Plan. Yes L. Status of Strate3y - (Is the strategy functioning as intended. ie -are time frames being met, etc) Incentive Strategies are serving the program as intended. 2. Attach a concise description of the support services that are available to the residents of affordable housing. The Building Department, Planning & Zoning Division, as well as other related departments have cooeprated with the implementation of approved Affordable Housing Incentive Strategies. Conttractors working with affordable housing projects have their plans stamped "Expedite" and other assistance and approvals filtered more expeditiously. 3. Attach such other data or unique affordable housing accomplishments considered significant by your Agency. (Success Stories, newspaper clippings, etc.) 4. Describe how the Annual Report was made Available for public inspection and comments. Attach copies of all comments that were received and provide the local government's response. Annual report approval was held as part of a Public Hearing and is available for review at all times in the Community Development Department. 5. Mortgage Default or Foreclosure: A Since State fiscal year 2006-2007, I mortgages have been made to extremely low income households with 0 in def<lult R Since State fiscal year 1992 93. 43 mortgages have been made to very low income households with 2 in default (' Since Slate fiscal year 1992--93, 93 mortgages have been made to low income households with 1 in default D. Since Stale Ilscal year 1992-93, 46 mortgages have been made to moderate income households with 0 in default E Total default rate for all mortgages. .01 ",o . 6. Describe how eligible sponsors (if applicable) that employed personnel from welfare to work programs. The City does not utilize sponsors. 7. List strategics and give the average cost of production. Housing Rehabilitation $ 29,281.40 Purchase Assistance $ 16,000.00 Disaster Relief $ 13,245.40 8. Counties and eligible municipalities utilizing SHIP program funds must provide a list of recipients by strategy including names, addresses and zip codes for each fiscal year reporting to Florida Housing Finance Corporation. NOTE: 'Phis is for each FY's EXPENDED FUNDS. See attached SHIP Tracking Reports SIIIP AR/02-1 0 MINIMUM lilloillilillill HEREONnowwomm 0 '6�' is C p � �'.y y r _•� qy p�,, � 3 � � 3 n d f �gc — p � r N = � - 'a — — a c n TE 7 c m r m 0_ _—__.—v__—.___.. K D v ID m S �QT a. - {b v :55;5555,ffi 5'5 s s c re r r r rEg''g i f S S S',! $ S S 5:5.6 S f,S'S S P 6-8 6':. S S B S T § L Y � 8 ffi ffi 8!8 8 8 8 81 S':S 8 ffiIS.B 8 ffi 8 8.S! S 8 ffi'S.S! P S '.S 8 �'. � 5 � - w�..q w.. L•"L•a«ffi X'ffiffi p. �' «ww. �. w w w w''. � �.a g g ffi � g g'. g 3 e a P — ,�.-........... .... a-- s e e o S p ig 5 - ;mrnr N r az- a� 3 � � 1 r n z n � w O m �g O $ O A m z c c 3 m m v n O 3 m x v m v m v a x v c x m z n c 3 w m x m v c z O N 0 IEmilio z m z 3 m m M m v T z Z O 0 �. 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K H o T wCD O w m 5 Gi 0 ;u 'n n n X Z G) X m c" O 0w� xo0� O CO) a0 a 9 v, n T) -� 00 Z L. m m 0 0 ^7 W �■I■I�I��Ip�II■I■� I Z 0 ^Z J m c Z ❑ m m m Z m 0 f r . EXHIBIT "C" CITY OF TAMARAC STATE HOUSING INITIATIVE PARTNERSHIP (SHIP) ANNUAL REPORT I M.kTw.11 STA WA : •IIIIT1►�[IIlh INTERIM REPORT PREPARED BY: COMMUNITY DEVELOPMENT DEPARTMENT HOUSING DIVISION 7525 NW 88 AVENUE TAMARAC, FL 33321 PHONE: (954) 597-3539 FAX: (954) 597-3540 SUBMISSION DATE; September 12, 2007 Form 1: SHIP DISTRIBUTION SUMMARY submittal Date: 9/11/2007 Sermon 4J0 907!i(9(, r S Fiscal Year 2006/2007 FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT NAME of LOCAL ENTITY: CITY OF TAMARAC TABLE A: TARI F R r4Wl 17—, e(actual and/ar anricinureA) for Local SHIP Trust Fund A B Source of SHIP Funds Amount Percentage of Funds of Funds State Annual Distribution 541,572.00 89.68 _ Program Income- Interest _ 37,8�78.09m_ 6.27% ro Pram Income (Payments) 0.00 0.00% Recaptured Funds _F ......_. 26,274.15 4.35 Disaster Funds Other Funds f T w o0ol 0.00 Carry over funds from previous year 1,79979 -0.30 Total Funds Deposited into Local Affordable Housin Trust Fund 603,924.45 '� O0.O0% TABLE C "Enter Total 83 from Table A, Colums A n, 8, & C. 603,924.45 "'Enter amount to be carried forward to next year 1 0.00 TOTAL" .. Must equal Total hum Fur, 1, Taulc u. C6I. 5 —Carry forward is used only in a 0--it year when lne amount or muds ring are not sufficient to hilly assist One Wilt Th eliinit assiated is rnn nted in the next tigr;al year SHIP AR/02-1 FORMA 2: Rents and Compliance Summary :entinn 420 907$(h), (c), (d). (g), F.S. I ORIDA HOUSING FINANCE CORPORATION -SHIP PROGRAM ANNUAL REPORT Name of Local Entity: CITY OF TAMARAC Submittal Date: 09/11/07 'Fiseal Year' ' 2008/2007 T.H. A Rantal I Init Infnnn-At— STRATEGY DESCRIPTION RENTAL RATES - ACTUAL If rents vary for the same unit, enter greatest amount) A B C D E Eff. 1 Bed 2 Bed 3 Bed 4 Bed Table B Recao of Fundino Sources for Units Pmdured Source of $$ Produced thru June 30th for Units Amount of Funds Expended to Date % of Total Value A e C SHIP Fund, Expended 20,000.00 14.69 % Public Mnrlx s Ex mnded 60,000.00 44.06 % Private Funds Expended 49,000.00 35.98% Owner Equity 7,175.63 5.27 % Total Value of All Units 136,175.63 100.00% i Rhle C SHIP Pmoram Comnllanra Summary - Home Ownerchin/f'.nnctfunfinn/RphAh• Compliance Category SHIP Funds' Trust Fund " % of Trust Fund FL Slatula Minimum A B C D E HOME ONMERSHIP 549.767 25 567,846.15 96.82% 65% CONSTRUCTION/REHABILITATION 450,767.25 567,846.15 1 80.97% 75% - Ircluae am0ul11s experae0, encum UCroa, iL urlen Curobered (proler:ted) in thl5 table —I rust r'und equals Distribution plus Recaptured Funds Table D: Program Compliance - Income Set -Asides Prnnrarn r'rirnnli inr.v by FU id, Fxnvnrlvd Fn.... mha d I In--hararl rnrnia .,V, Income Category SHIP $ Expended SHIP $ Encumbered SHIP $ Unencumbered Total A+g+C *Total Available Funds A B C D 130.65% F ELI 0.00 40 000.00 0.00 40 000 00'. (303,924,45 Ve •Low income 20,000.00 30,622.75 120,655.80 171,27855 603,924.45 Low income 0.00 50112.35 103,280.55 153,39290' 603,924.45 Moderate Income 0.00 185,095.80 0,00 185,095.80 603,924.45 TOTAL �,.,. "Total AvailableFunds" equals State Distribution Recaptured Funds Prn 1 I some Carry Over Funds Other Funds », "From Form 1 Tahle B Column B total ,; «......:..»....' 91.03% 603,924,45 ELI':.and VLf must egual:'30%:or higher and; EL.I, VLI and: W mu$t egugl.60% of Migher Straleav Descri tion Wedal Tar et Group Ex ended Funds Total If of Expended Units A B C ❑ T11ta1 0.00 0.00 TAhla F Prnicn Fi dinn for Fvna H-4 Fi 1k rinhi Income Category Total SHIP Mortgages, Loans and DPL's # of SHIP Mortgages, Loans and DPL's Average Loan Amount Total of SHIP Grants # of SHIP Grants Average Grant Amount Total SHIP Funds Total # of Units Expended A B C D E F G H ELI 0.00 0 #DIV/01 0.00 0 #DIV/01 0 Very -Low Income 20,000.00 1 20,000.00 0.00 0 #DIV/01 7: Low Income 0.00 0 #DIV/0! 0.00 0 #DIV/01 0 Moderate Income 0.00 0 #bIV/0! 0.00 0 #DIV/01 0 TOTAL 20,003.00 1 20,100.00 0.00 0 #DIV/0! ;.;....... .... ;":" € 1 Table G: Allowable Administration Set Aside from Program Income Total Amount of Program Income •5% Maximum A B 37,878.09 1,8 ^ Counties and Eligible Municipalities which receive niore than the minimum distribution •• Cnunties and Eligible Municipalities which receive the minimum distribution of less. T.W. H Allnurahla AHminicfrafinn Cct A-H. from nicocfor Filmic C Total% Program Income Allowed for I Total Administration Use either the 5% or 10% S amount. Total Amount of St .r Fund 'S% Maximum ""10% Maxinluni I Tolol Disaslor Funds Allowed for Total Administration Income Used AdrniniSlratiurl A B C I D E 0.00 OA0 000 1 0.00 i.oun U•.p un pngnue imwn,'.Iro 1uea wniun 1-1- 111— Ulan na nin Unneu wsmuuuun. im I I auie I Counties and Eligible Municipalities which receive the minimum distribution of less. as applicable D40 SNIP AR/02-1 No Text t Form 4 Program Summary Submittal Date: 9/11/07 Florida Sta1ntC4: Section 420.9075 Fiscal Year: 20062007 FLORIDA HOUSING FINANCE CORPORATION SHIP PROGRAM ANNUAL REPORT Name of l..ocal Entity: CITY OF TAMARAC I. Please provide information on the status of the implementation of the I.oeal (lousing Incentive Plan or Incentive Strategy adopted by the local Affordable (lousing Assistance Plan. A Incentive Snaregy Expedited Permitting On -Going Review Zero -Lot Line Development li Adopting Ordinance or Resolution Number or identify local policy Resolution # R•2004.34 C Implementation Schedule (Date) 7/1 /2007 D. Has the plan or strategy been unplemented? If no, describe steps that will be taken to implement the Plan. Yes E. Status of Strategy - (Is the strategy functionin`+, as intended, ie , are time frmies being met, etc.) Incentive Strategies are serving the program as intended. 2. Attach a concise description of the support services that are available to the residents of affordable housing. The Building Department, Planning & Zoning Division, as well as other related departments have coeeprated with the implementation of approved Affordable Housing Incentive Strategies. Conttractors working with affordable housing projects have their plans stamped "Expedite" and other assistance and approvals filtered more expeditiously. 3. Attach such other data or unique affordable housing accomplishments considered significant by your Agency. (Success Stories, newspaper clippings, etc.) 4. Describe how the Annual Report was made available for public inspection and comments. Attach copies of all comments that were received and provide the local government's response. Annual report approval was held as part of a Public Hearing and is available for review at all times in the Community Development Department. 5, Mortgage Default or Foreclosure: A Since State fiscal year 2006-2007. 2 mortgages have been made to erttenlcly low income households with 0 in default B. Since Stale fiscal veal 1992-93, 49 mortgages have been made to very low income households with 2 in default. C. Since Stale fiscal year 1992-93, 98 mortgages have been made to low income households with I in default. D Since State fiscal year 1992.93, 52 mortgages have been made to mnderate income households with U in default. L. Total default rate I'or all rnortgagcs. 01'70 6. Describe how eligible sponsors (if applicable) that employed personnel from welfare to work programs. The City does not utilize sponsors. 7, List strategies and give the average cost of production. Housing Rehabilitation $ 27,751.92 Purchase Assistance $ 37,500.00 Target Area $ 37,600 00 S. Counties and eligible municipalities utilizing SHIP program funds must provide a list of recipients by strategy including names, addresses and zip codes for each fiscal year reporting to Florida Housing Finance Corporation. NOTE: This is for each FY's EXPENDED FUNDS. 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