Presentation is loading. Please wait.

Presentation is loading. Please wait.

BEST PRACTICES AFFORDABLE HOUSING DEVELOPMENT

Similar presentations


Presentation on theme: "BEST PRACTICES AFFORDABLE HOUSING DEVELOPMENT"— Presentation transcript:

1 BEST PRACTICES AFFORDABLE HOUSING DEVELOPMENT
NCDA 50TH ANNIVERSARY CONFERENCE JACKSONVILLE FLORIDA JUNE 21, 2019 FLORIDA HOUSING COALITION Presented by Gladys Cook Disaster Housing Recovery Director

2 BEST PRACTICES PARTNERSHIPS- THE HOUSING TRUST FUND
NONPROFIT CAPACITY BUILDING- THE JOINT VENTURE HOUSING DISASTER RECOVERY FLORIDA COMMUNITY LAND TRUST INSTITUTE

3

4 State Affordable Housing Trust Fund
Enacted 1992 .2 mil Documentary Stamp Surcharge Allocation based on population Minimum $350K per County 2019 $328 Million

5 STATE AND LOCAL TRUST FUNDS
121 Communities- All 67 counties plus Entitlement Cities CATALYST PROGRAM- TECHNICAL ASSISTANCE STATE HOUSING INITIATIVES PARTNERSHIP STATE APARTMENT INCENTIVE LOAN PROGRAM HURRICANE HOUSING RECOVERY PROGRAM HURRICANE RENTAL LOAN PROGRAM

6 IMPACT OF SADOWSKI TRUST FUNDS FOR ONE YEAR IF NOT SWEPT

7 NONPROFIT CAPACITY BUILDING
Technical Assistance and Training Florida Legal Services Predevelopment Funding Co-Developer- Joint Ventures

8 Technical Assistance and Training
Predevelopment Process Development Process Financial Management Board of Directors Capacity

9 FLORIDA LEGAL SERVICES
FORMATION AGREEMENTS AND CONTRACTS SITE ACQUISITION MERGERS LANDLORD TENANT GUIDANCE

10 PREDEVELOPMENT LOANS SITE ACQUISITION DUE DILIGENCE FINANCING
MANAGEMENT AND OPERATIONS

11 JOINT VENTURES Co-develop with an experienced nonprofit
Co-develop with an experienced for profit What does organization bring to the table? The Development Agreement Roles and Responsibilities Developer Fee Management of Support Services

12 DISASTER HOUSING RECOVERY

13 Florida Dept. of Economic Opportunity CDBG-DR $1.4B
Hurricane Irma CDBG-DR 2017 Action Plan Housing Programs Housing Repair and Replacement Program Affordable Workforce Housing Construction Program Land Acquisition for Affordable Workforce Housing Voluntary Home Buyout Program

14 Hurricane Irma Workforce Multifamily Construction $120M
Land Acquisition $20M 3 Requests for Applications Monroe 14 MIDs 10 Zip Codes

15 Hurricane Michael Hurricane Housing Recovery Program $65M
Hurricane Rental Loan Program $50M 11 Counties

16 DISASTER RECOVERY SYSTEMIC CHANGES: FROM SILOS TO PIPELINES
CDBG-DR- Reduce prolonged approval and planning periods FEMA to State Based Missions Advanced Funding- State Budget Stabilization Fund Statewide Disaster Housing Recovery Organization should be formed Enhanced mitigation year round

17

18 Tampa Bay (Bright), Sarasota, CLT of Palm Beach, Delray Beach, Heartfelt (Habitat), Neighborhood Renaissance, South Florida CLT, Habitat for Humanity Florida Keys; Under development: Gainesville/Alachua County, Osceola County, Charlotte County

19 CERTIFICATION PROGRAMS
FANNIE MAE FREDDIE MAC

20 FHC Statewide Annual Conference
AUGUST 26-28, 2019 Rosen Centre Hotel, Orlando Members Receive $200 Discount To become a member, contact Johnitta Wells at

21


Download ppt "BEST PRACTICES AFFORDABLE HOUSING DEVELOPMENT"

Similar presentations


Ads by Google