1. Florida Housing Coalition Sadowski Affiliates Webinar
March 1, 2018

2. It’s Free. Thanks to support from
To join, your contact information to Johnitta Wells at:

3. Presenters
Jaimie Ross President & CEO, Florida Housing Coalition; Facilitator, Sadowski Coalition
Mark Hendrickson Executive Director, Florida ALHFA; FHC Board Member

4. Agenda
Update on Appropriations Process for Sadowski Trust Funds from February 22
Next Steps in Appropriations Process
Update on HB 987 and SB 1328

5. Legislative Process Legislative Session began January 9
March 9 still expected to be final day
Allocations are done
Appropriations are being negotiated between House and Senate

6. Difference Between Senate and House: We won’t know until tonight about changes
PROGRAM
SENATE
HOUSE
Hurricane Recovery:
State Apartment Incentive Loan (SAIL) targeted to counties with damage
Lines 2225 & 2226
$90,000,000
$123,630,000
Monroe County Land Authority
Line 2224
$10,000,000 $0
Florida Housing Finance Corporation (FHFC):
SAIL, SAIL Workforce & Other
Line 2225
$114,050,000
SHIP
Line 2226
$103,800,000
Homeless
$3,800,000
Training & Technical Assistance
$450,000  
$500,000
TOTAL HOUSING
$322,100,000
TOTAL SWEEP
$182,000,000
Housing TF $
Neither Swept nor Appropriated
$16,470,000

7. What’s Next in Appropriations Process?
Budget Allocations: This is when the decisions are made by the Appropriation Chairs in House and Senate and House Speaker and Senate President.
Budget Allocations are now Done. We know what House offers- we don’t know what Senate offers.
Process of offers between the two chambers as how allocations will be decided.
Following that, lawmakers head into final budget negotiations, typically using budget conference committees. May be another opportunity to advocate- we will let you know.

8. Sadowski Housing Trust Fund Advocacy
Sadowski Coalition Member Call to Actions- Suspended.
In interest of our culture in meaning what we say when we say “NOW is the time”. Thank you to all of you who took action when asked. You are GREAT!
All Op Eds were turned into letters and were hand-delivered to leadership. Those included letters from AARP, Volunteers of America, Florida Housing Coalition, Arc, Realtors (all written by those organizations- not the same letters- but the same message- use all the housing trust funds for housing)
Thanks to all who contacted their legislators.

9. In Today’s News
House and Senate Agree on Funding Plan for Public Schools
The new dynamic has also resulted in the Senate moving toward the House on using unspent money in various trust funds to pay for other programs and initiatives.
The original House proposal shifted, or “swept,” nearly $400 million out of the trust funds, including $182 million out of affordable housing programs. The Senate’s budget bill only swept $124 million and did not touch the housing funds.
Bradley said the new budget demands have changed the Senate’s position.
“Because of Parkland, we've swept a lot of trust funds,” Bradley said. “And affordable housing, there just isn't enough money there to maintain the Senate's position of not sweeping that fund.”

10. Sadowski Housing Trust Fund Advocacy

11. Major Housing Legislation
CS/CS/HB 987 Representative Rep. Bob Cortes (R, District 30- Parts of Orange, Seminole counties) Passed favorably out of all committees; Now on 3rd Reading
SB Senator Keith Perry (R, District 8- Consists of Alachua, Putnam counties and part of Marion county) Passed Favorably Full Appropriation on February 27; Ready for Senate Floor

12. What’s Happening with HB 987
Amended to include provision that would prohibit FHFC from requiring an affordability period longer than 30 years on 9% Housing Credit deals unless FHFC “affirms at the time of the initial credit underwriting that the project will remain economically feasible beyond such period”.
This is a “poison-pill”, as no one can “affirm” that a deal will be economically viable next year, let alone in 30 years.
It is designed to lower the affordability period so that developers can convert developments to market rate housing, allowing them to either raise rents massively, or sell at a tremendous windfall price

13. What’s Happening with SB 1328
Passed Favorably Full Appropriation on February 27; Ready for Senate Floor
Most amendments were designed to conform the language in this bill to that of HB 987
Amendment also included the language prohibiting FHFC from requiring affordability period beyond 30 years for 9% Housing Credit deals, unless FHFC affirms project feasibility

14. Important improvement to Surplus Lands Law
The Florida Housing Coalition worked with FHFC to prevent properties from being kept off the surplus lands law with this amendment:
A property in an area suitable for residential development may be found to be suitable for use as affordable housing even if the property doesn’t meet one or more of the criteria listed above
*included in at least one special district is one of the criteria– with this amendment, the property doesn’t need to meet that criteria or any others listed.

15. Affordability Period Issues
There is no public purpose criteria more important than long term affordability.
Allowing developers to receive massive public subsidies so they can build housing designed to last in prime areas of our communities– and then convert to market rate rents after only 30 years is travesty.
FHC led the fight to keep FHFC from making this change. When the developers couldn’t get FHFC to capitulate to their position, they decided to end run FHFC and go to the legislature.
The federal law that governs Housing Credits requires that a preference be given to developments that “serve qualified tenants for the longest periods”.
We believe that the legislation as drafted violates s. 42 and could jeopardize the entire allocation of 9% Housing Credits to Florida

16. From Senate Bill Analysis
The bill limits the term of any for agreement for a multifamily rental project to the period of time required in federal law for the “extended low-income housing commitment” or extended use period. This effectively limits any agreement entered into by the FHFC for a multifamily rental project to 30 years. However, if the FHFC affirms at the time of the initial credit underwriting that the project will remain “economically feasible” beyond 30 years, then the agreement may be longer. The term “economically feasible” is not defined.

17. HHRP Program in Both Bills
FHFC will administer an HHRP for homeownership based on needs from hurricanes- using same income eligibility as SHIP- with an increase to 15% for admin
FHFC will administer an HHRP for rental to leverage federal funds (similar to SAIL)
FHFC will do emergency rulemaking for this HHRP program

18. SB 1328 & HB 987 – Similar but Not Identical

19. Sadowski Affiliates Are Readying for the Future!

20. Get Out the Vote

21. Contact Information
For Assistance, contact:
Jaimie Ross
(850)

22. FHC Statewide Annual Conference
AUGUST 27-29, 2018
Rosen Centre Hotel, Orlando
Members Receive $200 Discount
To become a member, contact Johnitta Wells at