The URL can be used to link to this page

Agenda 01/28/2025 Item #16D 2 (Resolution - Approve technical revisions and clarigying language to the Collier County State Housing Initiative Partnership Local Housing Assistance Plan)1/28/2025 Item # 16.3.2 I3# 202D42- 70 Executive Summary Recommendation to approve technical revisions and clarifying language to the Collier County State Housing Initiatives Partnership Local Housing Assistance Plan for Fiscal Years 2022-2023, 2023-2024, and 2024-2025 Disaster Assistance and Rental Development strategies; and a SHIP FY 2021/2022 expenditure extension to June 30, 2025. (SHIP Grant Fund 1053) OBJECTIVE: To further the County’s community development objectives to support comprehensive affordable housing opportunities through a revised Local Housing Assistance Plan funded by the State Housing Initiatives Partnership (SHIP). CONSIDERATIONS: On July 7, 1992, the William E. Sadowski Affordable Housing Act was signed into law to provide funding to local communities through a documentary stamp tax on real estate transactions to promote affordable housing. Under the program, Collier County and the City of Naples receive funds from the State to provide initiatives to expand affordable housing opportunities. The Local Housing Assistance Plan (“LHAP”) identifies various methods, or strategies, by which funds will be allocated and disbursed. The 2022-2025 LHAP was adopted on April 26, 2022 (Agenda Item #16.D.3), later amended by technical revision on November 10, 2022, and amended on July 23, 2024 ( Agenda Item #16.D.3). 1. This Disaster Assistance strategy amendment proposes the below-clarifying language as follows: D. Disaster Assistance Code 5 & 16 a. Summary: Disaster Assistance aids households in incorporated or unincorporated Collier County in the aftermath of a disaster as declared by the President of the United States or Governor of the State of Florida, to include households that were displaced or financially impacted in another disaster affected area and then relocated to Collier County after the disaster event. This strategy will only be funded and implemented in the event of a disaster using any funds that have not yet been encumbered or with additional disaster funds allocated by the Florida Housing Finance Corporation. SHIP disaster funds may be used for items such as, but not limited to: (a) Purchase of emergency supplies for eligible households to weatherproof damaged homes. (b) Interim repairs to avoid further damage; tree and debris removal required to make the individual housing unit habitable. (c) Construction of wells and septic or repair of existing wells and septic systems where public water and/or sewer are not available. (d) Payment of insurance deductibles for rehabilitation of homes covered under homeowners’ insurance policies. (e) Security deposit and additional move-in deposits or fees listed in a lease for eligible recipients who have been displaced from their homes due to a disaster or have experienced a financial impact directly related to the storm. (f) Temporary Rental and/or relocation assistance for eligible recipients who have been displaced from their homes due to a disaster or have experienced a financial impact directly related to the storm. (g) Temporary Rental and/or relocation assistance for households with a mortgage that have been displaced due to the disaster while their home is being repaired. (h) Temporary rent and utility payments for up to 12 months for tenants financially impacted by a disaster. (i) (h) Temporary mortgage payments and utility payments for up to 12 18 months for homesteaded homeowners directly financially impacted by a disaster. Page 1776 of 3681 1/28/2025 Item # 16.3.2 I3# 202D42- 70 Temporary mortgage and utility payments for up to 12 months for homeowners financially impacted by a disaster. (j) (i) Foreclosure prevention services and housing counseling (k) (j) Relocation and moving expenses, if necessary. (l) (k) One-time full premium payment of a new Homeowner’s and/or Flood Insurance Policy for homeowners not covered under an insurance policy at the time of a disaster or those homeowners who could not afford the renewal after the storm due to an insurance premium increase. i. The homeowner must sign a Property Insurance deferral lien agreement in the amount of the one-year premium. ii. The debt, if not paid earlier, is due upon will be reduced on a pro-rated month-for-month basis during the year, any unused months created by the upon the sale of the property, title transfer, home is no longer primary residence, or is leased or rented within the one-year term, will immediately become due to the County. The full debt, if not paid earlier, is due upon if not paid earlier sale of the property, title transfer, home is no longer primary residence, or is leased or rented within the one-year term. iii. One-year term. iv. Interest Rate (0%) v. No Payments are required (m) (l) Hotel or Motel or short-term Rental (VRBO/Airbnb payments for up to 90 days for recipients displaced and in need of temporary housing until their home and/or rental unit is repaired OR a new unit is secured (Daily lodging rates will be pursuant to U.S General Services Administration (GSA) published rates at the time of the Disaster) (n) (m) Rehabilitation/Hardening/Mitigation for owner-occupied residence [i.e., Roofs, Hurricane Impact windows, storm shutters, and doors, installation of generators (special needs required, etc.)] Under this activity, the maximum award amount shall not exceed $50,000. (o) (n) Strategies included in the approved LHAP that benefit applicants directly affected by the declared disaster. (p) (o) Other activities as proposed by the county and approved by Florida Housing Finance Corporation. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award: $25,000 per household, per declared disaster event. This may include a combination of items listed in Disaster Assistance (a) through (m) (l), (o)(n), and (p) (o). This will be a grant with no recapture terms. Item (l) recapture is specified above. Maximum award: $50,000 per household. This includes Disaster Assistance item m n only. This will be a grant with no recapture terms. e. Terms: 1. Grant: Funds will be awarded as a grant with no recapture terms. Except for Item (l) recapture as specified above. The terms of an award under other strategies, if used in conjunction, will apply to the other strategies. 2. Interest Rate: N/A 3. Years in loan term: N/A Page 1777 of 3681 1/28/2025 Item # 16.3.2 I3# 202D42- 70 4. Forgiveness: N/A 5. Default: N/A 2. This Rental Development strategy amendment is proposed to assist for-profit or non-profit organizations with rising construction costs for the development of rental housing for income-eligible households. H. Rental Development Code 21 b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award: 1. The applicable dollar figure as determined annually by the Florida Housing Finance Corporation for match contribution per developer whose application is approved through the Florida Housing Finance Corporation for low-income housing tax credits. 2. $500,000 per development under 50 units $1,000,000 3. $1,000,000 per development with 50 units or less, that includes at $2,000,000 least 20% Special Needs units. 4. $1,500,000 per development with over 50 units $3,000,000 In addition, on September 10, 2024 (Item 16D7), the Board approved an extension for SHIP FY2021-2022 expenditures to close out the grant year by December 31, 2024. However, additional time is required to complete the projects under the Owner-Occupied Rehabilitation program. The grantor, Florida Housing Finance Corporation (FHFC) approved the Community and Human Services (CHS) Division’s request to extend the spending deadline for FY 2021/2022 funding to June 30, 2025. FHFC’s approval letter, dated December 3, 2024, is attached as a backup for this item. Once the projects are completed, the FY 2021/2022 closeout report will be presented. a. Summary: Funds will be awarded to sponsors/developers of affordable rental units for construction, impact fees, and land acquisition, and costs and to support financing to augment through other state or federal housing programs to construct affordable rental units in incorporated or unincorporated Collier County. 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 financing. FISCAL IMPACT: Submission of the Local Housing Assistance Plan revisions HHRP allows Collier County to expend funds for the fiscal year identified in this plan. SHIP HHRP grant funds reside in SHIP Fund (1053), Projects 33846. The extension SHIP funds FY 2021/2022 reside in SHIP Fund (1053), project 33759. GROWTH MANAGEMENT IMPACT: There is no Growth Management impact associated with this Item. Page 1778 of 3681 1/28/2025 Item # 16.3.2 I3# 202D42- 70 LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to form and legality, and requires a majority vote for Board approval. -JAK RECOMMENDATIONS: To approve technical revisions and clarifying language to the Collier County State Housing Initiatives Partnership Local Housing Assistance Plan for Fiscal Years 2022-2023, 2023-2024, and 2024-2025 Disaster Assistance and Rental Development strategies; and a SHIP FY 2021/2022 expenditure extension to June 30, 2025. (SHIP Grant Fund 1053) PREPARED BY: Lisa N. Carr, Supervisor-Grants, Community and Human Services Division ATTACHMENTS: 1. 2022-2025 LHAP Tech Rev_Rental Dev & DR Final clean 2. Resolution 3. FHFC Approval of Extension 6.30.25 Page 1779 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 1 Collier County and the City of Naples SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) 2022-2023, 2023-2024, 2024-2025 Page 1780 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 2 Table of Contents Description Page # Section I, Program Details 3 Section II, Housing Strategies 7 A. Purchase Assistance 7 B. Owner-Occupied Rehabilitation 9 C. Demolition and Replacement of Manufactured Housing 11 D. Disaster Assistance 13 E. New Construction Assistance 16 F. Rental Rehabilitation 18 G. Rental Acquisition 19 H. Rental Development 20 Section III, Incentive Strategies 22 A. Expedited Permitting 22 B. Ongoing Review Process 22 C. Other Incentive Strategies Adopted 23 Exhibits 24 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. Interlocal Agreement H. Short Sale Policy & Short Sale Application. I. Essential Personnel Certification. J. Subordination Policy & Subordination Request Form. Page 1781 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 3 Section I. Program Details: A. LG(s) Name of Local Government COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Does this LHAP contain an interlocal agreement? Yes If yes, name of other local government(s) City of Naples B. Purpose of the program: x To meet the housing needs of the very low, low, and moderate-income households. x To expand production of and preserve affordable housing; and x To further the housing element of the local government comprehensive plan specific to affordable housing. C. Fiscal years covered by the Plan: 2022-2023, 2023-2024, 2024-2025 D. Governance: The SHIP Program is established in accordance with Section 420.907-9079, 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, lending institutions, builders and developers, not-for-profit and community-based housing providers and service organizations, providers of professional services related to affordable housing, advocates for low- income persons, real estate professionals, persons or entities that can provide housing or support services and lead agencies of the local continuums of care. 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 further solicited through the local newspaper 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 availability is required. For advertisements other than NOFAs, the County will accept applications during the dates specified in the advertisement distributed via the County website, email or via the County procurement office. I. Waiting List/Priorities: A waiting list will be established when there are eligible applicants for strategies that no longer have funding available. 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 completed applications were submitted as well as any established funding priorities as described in this plan. Applications will be accepted and approved on a first come, first-qualified basis with priority given to households Page 1782 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 4 with a special needs occupant, or other priorities that may be deemed by the program funder, Florida Housing Finance Corporation. When funds are available for a 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. The following priorities for funding listed here apply to all strategies unless otherwise stated in an individual strategy in Section II: RANKING PRIORITY 1. Special Needs Households – Very low, low, and moderate–income households and persons with special needs as defined in 420.0004 (13) a) Very low b) Low c) Moderate 2. Essential Services Personnel a) Very Low b) Low c) Moderate 3. After Special Needs Set-asides and after ESP applicants a) Very Low b) Low c) Moderate J. Discrimination : In accordance with the provisions of ss.760.20-760.37, 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 Counseling and Foreclosure Counseling. 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 average area purchase price established by the U.S. Treasury Department or as described above. The methodology used is: U.S. Treasury Department X Local HFA Numbers Page 1783 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 5 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 www.floridahousing.org. “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 420.9071, 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 if the 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. 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. O. Monitoring and First Right of Refusal: 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 periodic monitoring and determination, a municipality, county, or local housing financing authority may rely on such monitoring and determination of tenant eligibility. However, any loan or grant in the original amount of $10,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored annually for no less than 30 years or the term of assistance whichever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before 30 years or that have remaining mortgages funded under this program must give a first right of refusal to eligible nonprofit organizations for purchase at the current market value for continued occupancy by eligible persons. P. Administrative Budget: A line-item budget is attached as Exhibit A. The city/county finds that the moneys deposited in the local housing assistance trust fund are necessary to administer and implement the local housing assistance plan. Section 420.9075 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 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code, further states: “The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except those small counties, as defined in s. 120.52(19), 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 will be performed by: Entity Duties Admin. Fee Page 1784 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 6 Percentage Local Government Collier County Government 10% Third Party Entity/Sub-recipient R. First-time Homebuyer Definition: For any strategies designed for first-time homebuyers, the following definition will apply: 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 a home 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. S. Project Delivery Costs: In addition to the administrative costs listed above, the county or sponsor will charge no more than 5% percent for project delivery cost to cover inspections and other eligible project delivery activities performed by the county or non-county employees. The delivery cost will be included in the maximum award to the applicant. Owner- Occupied Rehabilitation and Rental Rehabilitation will include, but not limited to, such activities as: Inspections, work write-ups, recording fees, application & processing fees, development of assessments and cost estimates. T. Essential Service Personnel Definition (ESP): Collier County defines Essential Service Personnel 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, and government employees. U. Describe efforts to incorporate 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: All housing rehabilitation and new construction will incorporate “green” standards including but not limited to: x Appliances replaced or installed shall be Energy Star. x Doors and/or windows replaced or installed shall be Energy Star; and x Any lighting fixture replaced or installed shall be Energy Star Weatherization shall be incorporated into all homes rehabilitated including but not limited to weatherization of the attic, floor insulation, if appropriate, and sealing of exterior walls. New construction is presumed to meet the minimum insulation and sealing requirements. Any replaced or new HVAC unit shall have a SEER rating of at least 14. 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 may be encouraged. Homeownership Education classes provide curriculum on cost cutting measures that homeowners can use to Page 1785 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 7 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; LED light bulbs; impact resistant windows and doors. V. Describe efforts to meet the 20% Special Needs set-aside: Prioritization of funding will include all strategies for persons with special needs, with an emphasis on rental programs and rehabilitation. Outreach for clients will include marketing to a variety of agencies, including but not limited to, Agency for Persons with Disabilities, United Cerebral Palsy, Residential Options of Florida, Community Assisted and Supported Living, etc. Additionally, advertisements in publications of general circulation may also be used. Should efforts to attract special needs clients under the rehabilitation strategy not produce the amount necessary to reach the set aside, persons meeting the definition of special needs may be assisted with other approved LHAP strategies and counted towards the set-aside. W. Describe efforts to reduce homelessness: Collier County supports the Continuum of Care (CoC) efforts to simplify and broaden outreach and assessment for homeless persons in the County. Much of the outreach to homeless persons is conducted at community events such as the Point in Time Count. Additionally, outreach is conducted by the many caseworkers at community agencies, the Hunger and Homeless Coalition of Collier County, schools, and other entities that encounter the homeless during service delivery or during their regular course of business. Needs are assessed during these points of contact, and referrals are made as appropriate for shelter, food, counseling, or other needs. The County works closely with a variety of agencies and local resources utilized include federal ESG and the State SHIP funds. Section II. LHAP Strategies: A. Purchase Assistance without Rehabilitation Code 2 a. Summary: SHIP funds will be awarded to first-time homebuyers for down payment and closing costs to purchase a newly constructed or an existing single-family home, manufactured home, or condominium. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award*: Very Low: $85,000 ESP, $75,000 non-ESP Low: $65,000 ESP, $55,000 non-ESP Moderate: $55,000 ESP, $45,000 non-ESP e. Terms: 1. Repayment loan/deferred loan/grant: Funds will be awarded as a deferred payment loan secured by a recorded subordinate mortgage and promissory note. 2. Interest Rate: 0% 3. Years in loan term: 30 years Page 1786 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 8 4. Forgiveness: If all conditions have been met, the loan is forgiven entirely at the end of the 30-year term. In cases where the qualifying homeowner(s) die(s) during the loan term, the loan will be forgiven. 5. Repayment: Monthly payments are not required 6. Default: 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 rental property; 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 SHIP program guidelines, County SHIP mortgage requirements, repayment provisions, and certify that the unit assisted will be their primary residence. In addition to the above, the loan may be determined to be in default if any of the following occurs: i. Sale: if proceeds are not enough to pay off the promissory note then the homeowner may contact the County Regarding a settlement amount of the SHIP loan that is outlined in the County’s “Short Sale Policy”. ii. Title transfer: either voluntary or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. iii. Refinance: may be allowed in accordance with the published “Subordination Policy”. iv. Home is no longer primary residence, abandoned, leased, or rented. The County reserves the right to foreclose if the homeowner does not repay the loan as noted above. If the home is foreclosed on by a superior mortgage holder, the County may try 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: Applicants will be ranked for assistance based on first-qualified, first-served basis with the priorities for Special Needs, Essential Services Personnel, income groups as described in Section I, Program Details, of this plan. g. Sponsor Selection Criteria: N/A h. Additional Information: Applicants must secure a first mortgage from a licensed mortgage lender. Other requirements: 1. Manufactured homes constructed June 1994 forward are considered eligible housing pursuant to Section 420.9071 (9), Florida Statute. 2. First mortgage must be at a fixed rate; no ARM’s, prepayment penalty, negative amortizations, balloon loan, owner financing or other non-affordable loan terms are allowed. 3. A newly constructed home must have received a Certificate of Occupancy within the twelve months prior to purchase. A manufactured home must be in place with all site requirements met and a valid certificate of occupancy. Funding, which is provided as a subordinate mortgage loan, may be used for down payment, closing costs and principle buy-down as needed for affordable home ownership. 4. Refinance may be allowed in accordance with the published “Subordination Policy”. 5. 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. Page 1787 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 9 6. Funds will be reserved and awarded to applicants that have met all the County requirements, are SHIP Income Certified, and have a mortgage loan pre-approval from a participating Lender prior to applying. 7. Applicants must attend a HUD approved Homebuyer Education Program and provide a copy of the certificate to the Division prior to closing on a home. The certificate must be dated within one year of income certification date. 8. Verification of US Citizenship or Permanent Residency Status: All borrowers must submit one of the following: U.S. Passport, Birth Certificate, naturalization, and or permanent residence card. 9. Asset Cap or liquid Assets: All applicants will be limited to a cash or liquid asset of $30,000.00 upon completion of their assistance. However, the Board of County Commissioners will have the authority to suspend the asset cap/liquid assets in determining income qualifications during recovery from a declared disaster. B. Owner-Occupied Rehabilitation Code 3 a. Summary: SHIP funds will be awarded to households in need of repairs to correct code violations, health, and safety issues, electrical, plumbing, roofing, windows, other structural items, and relocation, if necessary. Assistance may include costs related to all eligible repairs, inspections, work write-ups, recording fees and project delivery fees. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award: $62, 500 (up to $50,000 for rehabilitation expenses, $2,500.00 project delivery cost and up to $10,000 for relocation expenses if necessary) e. Terms: 1. Repayment loan/deferred loan/grant: Funds will be awarded as a deferred payment loan secured by a recorded subordinate mortgage and promissory note or Florida Department of Motor Vehicle Title. 2. Interest Rate: 0% 3. Years in loan term: 15 years 4. Forgiveness: If all conditions of the loan agreement are met, one-third of the loan will be forgiven in five-year increments so that at the end of the fifteenth (15) year the loan is fully forgiven. In cases where the qualifying homeowner(s) die(s) during the loan term, the loan will be forgiven. 5. Repayment: Monthly payments are not required. 6. Default: 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 rental property; 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 SHIP program guidelines, County SHIP mortgage requirements, repayment provisions, and certify that the unit assisted will be their primary residence. In addition to the above, repayment of the loan is required in full when one of the following Page 1788 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 10 conditions is met, whichever occurs first: i. Sale: if proceeds are not enough to pay off the promissory note, then the homeowner may contact the County regarding a settlement amount of the SHIP loan that is outlined in the County’s “Short Sale Policy”. ii. Title transfer: either voluntary or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. iii. Refinance: may be allowed in accordance with the published “Subordination Policy”. iv. Home is no longer primary residence, abandoned, leased, or rented. The County reserves the right to foreclose if the homeowner does not repay the loan as noted above. If the home is foreclosed on by a superior mortgage holder, the county may attempt to recapture funds through the legal process if 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 first-qualified, first served basis with the priorities for Special Needs, Essential Services Personnel, income groups as described in Section I, Program Details, of this plan. An applicant may submit a completed application for SHIP Owner-Occupied Rehabilitation to the County/Sponsor for 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 letter and their file will be submitted to the Sponsor for unit eligibility. 1. Must provide proof of homeowner’s insurance or attestation of no insurance. 2. Property taxes must be current at the time of application and closing. Delinquent property taxes are a basis for denial. 3. If applicable, must file a claim for and use proceeds from insurance and/or FEMA as first option. 4. Where the unit and land are owned by the same person, the unit assisted must be owner- occupied and, have applied for, or already be homesteaded as the primary residence. Owner- occupied manufactured homeowners renting their lot may also apply for assistance. 5. Verification of US Citizenship or Permanent Residency Status: All borrowers must submit one of the following: U.S. Passport, Birth Certificate, naturalization, and or permanent residence card. 6. Asset Cap or Liquid Assets: All applicants will be limited to a cash or liquid asset of $30,000.00 upon completion, rehabilitation assistance. However, the Board of County Commissioners will have the authority to suspend the asset cap/liquid assets in determining income qualifications during recovery from a declared disaster. 7. Primary Residence: Documentation used for verification of primary residence includes, but is not limited to: homestead exemption, utility bill(s), or driver’s license. Page 1789 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 11 g. Sponsor Selection Criteria: N/A h. Additional Information: Manufactured homes will only be eligible for housing assistance if owner occupied, is affixed to the ground, the land is (a) owned and homesteaded by the occupant or (b) leased/rented by the homeowner. Manufactured homes constructed June 1994 forward are considered eligible housing pursuant to Section 420.9071 (8), Florida Statute. The repairs must not exceed 90% of the value of the existing property and residence; and all repairs are within existing codes for the property. For an owner-occupied mobile or manufactured home on land that is leased, a State of Florida Vehicle Certificate of Title will list Collier County Board of County Commissioners on the title as the security interest in the unit. Homeowners may receive additional Rehabilitation funding provided it has been at least three (3) years since the last rehabilitation. Disaster-related funding is exempt from this restriction. C. Demolition and Replacement of Manufactured Housing Code 4 a. Summary: SHIP funds will be awarded to homeowners in need of demolition and replacement of manufactured housing. This strategy will be used in lieu of rehabilitation when costs to repair the home are determined to exceed 51% of the home’s value, as determined by the County. The goal is to prevent the imminent displacement of homeowners due to distressed conditions, encourage revitalization and increase the supply of safe, decent, and sanitary housing. Awards made under this strategy will not exceed 20% of the County’s allocation. The property site must be suitable for demolition/replacement. Loans for assistance may include costs related to all eligible demolition activities, debris removal, permits, transportation, installation, inspections by the sponsor, work write-ups, sales tax, recording fees and project delivery fees. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award: $175,000. (Up to $165,000 for construction, plus up to $10,000 for relocation expenses) e. Terms: 1. Repayment loan/deferred loan/grant: Funds will be awarded as a deferred payment loan secured by a recorded subordinate mortgage and note, or if the unit is on leased land, a security instrument in accordance with the Florida Department of Motor Vehicle will be recorded. 2. Interest Rate: 0% 3. Years in loan term: 30 years 4. Forgiveness: If all conditions of the loan are met, one-third of the loan will be forgiven in ten-year increments so that at the end of the thirtieth year the loan is forgiven. In cases where the qualifying homeowner(s) die(s) during the loan term, the loan will be forgiven. 5. Repayment: Monthly payments are not required. 6. Default: The loan will be determined to be in default if any of the following occurs during the Loan Page 1790 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 12 term: sale, transfer, or conveyance of property; conversion to rental property; 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 SHIP program guidelines, County SHIP mortgage requirements, repayment provisions, and certify that the unit assisted will be their primary residence. In addition to the above, the loan will be determined to be in default if any of the following occurs during the Loan term: i. Sale: if proceeds are not enough to pay off the promissory note then the property owner may contact the County regarding a settlement amount of the SHIP loan in accordance with the “Short Sale Policy”. ii. Title transfer: either voluntary or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. iii. Refinance: may be allowed in accordance with the published “Subordination Policy”. iv. Home is no longer primary residence, abandoned, leased, or rented. 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, income groups as described in Section I, Program Details, of this plan. g. Sponsor Selection Criteria: N/A h. Additional Information: An applicant shall submit a completed application for Demolition and Replacement 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. 1. For manufactured homes not located on a leased or rental land, ownership must be a fee simple estate at the time of closing with the name of the applicants on the title. 2. Property taxes must be current at the time of application and closing. Delinquent property taxes are a basis for denial. 3. The value after replacement may not exceed the SHIP maximum allowable purchase price for existing homes. 4. The replacement housing shall be consistent with the character of the household, neighborhood, and area wide market conditions. The homeowner may choose the most suitable replacement housing to meet their needs. 5. The existing home must be damaged or in disrepair to the extent that the home is condemned by Collier County Growth Management Department, the Department of Health, or the County’s third- party inspector/general contractor. 6. Must provide proof of homeowner’s insurance or attestation of no insurance. Page 1791 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 13 7. If applicable, must file a claim for and use proceeds from insurance as first option. 8. If applicable, must complete an FHFC approved “Disaster Self-Declaration of Income” form. 9. Where the unit and land are owned by the same person, the unit assisted must be owner-occupied and have applied for, or already be homesteaded as the primary residence. Owner-occupied manufactured homeowners renting their lot may also apply for assistance. 10. Verification of US Citizenship or Permanent Residency Status: All borrowers must submit one of the following: U.S. Passport, Birth Certificate, naturalization, and or permanent resident card. 11. Asset Cap or Liquid Assets: All applicants will be limited to a cash or liquid asset of $30,000.00 upon completion of the demolition and replacement assistance. This asset cap applies to all SHIP strategies. However, the Board of County Commissioners will have the authority to suspend the asset cap/liquid assets in determining income qualifications during recovery from a declared disaster. 12. Primary Residence: Documentation used for verification of primary residence includes, but is not limited to homestead exemption, utility bill(s), or driver’s license. Additional SHIP funds can be used to bring building site and improvements up to Local, State, and Federal requirements, Homeowner’s Association by-laws, and/or to adequately replace the amenities of the existing home. These additional site improvement costs may include, but are not limited to geotechnical surveys, engineering, concrete pilings/piers, septic system improvements, fill, sod, driveways, storage sheds and any other requirements as noted above. D. Disaster Assistance Code 5 & 16 a. Summary: Disaster Assistance aids households in incorporated or unincorporated Collier County in the aftermath of a disaster as declared by the President of the United States or Governor of the State of Florida, to include households that were displaced or financially impacted in another disaster affected area and then relocated to Collier County after the disaster event. This strategy will only be funded and implemented in the event of a disaster using any funds that have not yet been encumbered or with additional disaster funds allocated by the Florida Housing Finance Corporation. SHIP disaster funds may be used for items such as, but not limited to: (a) Purchase of emergency supplies for eligible households to weatherproof damaged homes. (b) Interim repairs to avoid further damage; tree and debris removal required to make the individual housing unit habitable. (c) Construction of wells and septic or repair of existing wells and septic systems where public water and/or sewer are not available. (d) Payment of insurance deductibles for rehabilitation of homes covered under homeowners’ insurance policies. (e) Security deposit and additional move-in deposits or fees listed in a lease for eligible recipients who have been displaced from their homes due to a disaster or have experienced a financial impact directly Page 1792 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 14 related to the storm. (f) Temporary Rental and/or relocation assistance for eligible recipients who have been displaced from their homes due to a disaster or have experienced a financial impact directly related to the storm. (g) Temporary Rental and/or relocation assistance for households with a mortgage that have been displaced due to the disaster while their home is being repaired. (h) Temporary mortgage payments and utility payments for up to for homesteaded homeowners directly financially impacted by a disaster. (i) Foreclosure prevention services and housing counseling (j) Relocation and moving expenses, if necessary. (k) One-time full premium payment of a Homeowner’s and/or Flood Insurance Policy for homeowners not covered under an insurance policy at the time of a disaster or those homeowners who could not afford the renewal after the storm due to an insurance premium increase. i. The homeowner must sign a Property Insurance deferral lien agreement in the amount of the one-year premium. ii. The debt, will be reduced on a pro-rated month-for-month basis during the year, any unused months created by the sale of the property, title transfer, home is no longer primary residence, or is leased or rented within the one-year term, will immediately become due to the County. iii. One-year term. iv. Interest Rate (0%) v. No Payments are required (l) Hotel or Motel or short-term Rental (VRBO/Airbnb) payments for up to 90 days for recipients displaced and in need of temporary housing until their home and/or rental unit is repaired OR a new unit is secured (Daily lodging rates will be pursuant to U.S General Services Administration (GSA) published rates at the time of the Disaster) (m) Rehabilitation/Hardening/Mitigation for owner-occupied residence [i.e., Roofs, Hurricane Impact windows, storm shutters, and doors, installation of generators (special needs required, etc.)] Under this activity, the maximum award amount shall not exceed $50,000. (n) Strategies included in the approved LHAP that benefit applicants directly affected by the declared disaster. (o) Other activities as proposed by the county and approved by Florida Housing Finance Corporation. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award: $25,000 per household, per declared disaster event. This may include a combination of items listed in Disaster Assistance (a) through (l), (n), and (o). This will be a grant with no recapture terms. Item (l) recapture is specified above. Maximum award: $50,000 per household. This includes Disaster Assistance item m only. This will be a grant with no recapture terms. Page 1793 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 15 e. Terms: 1. Grant: Funds will be awarded as a grant with no recapture terms. Except for Item (l) recapture as specified above. 2. The terms of an award under other strategies, if used in conjunction, will apply to the other strategies. 2. Interest Rate: N/A 3. Years in loan term: N/A 4. Forgiveness: N/A 5. Default: N/A f. Recipient Selection Criteria: Applicants will be assisted on a first-qualified, first-served basis with the following additional requirements: 1. Must provide proof of homeowner’s insurance or attestation of no insurance, if applicable. 2. If applicable, homeowners must file a claim for and use proceeds from insurance and/or FEMA as first option. 3. Must complete an FHFC approved “Disaster Self-Declaration of Income” form, if applicable. 4. Where the unit and land are owned by the same person, the unit assisted must be owner- occupied and must have applied for or already be homesteaded as the primary residence. Owner-occupied manufactured homeowners renting their lot may also apply for assistance. 5. Verification of US Citizenship or Permanent Residency Status: All borrowers must submit one of the following: U.S. Passport, Birth Certificate, naturalization, and or permanent resident card. 6. Primary Residence: Documentation used for verification of primary residence includes, but is not limited to lease, paystubs, tax returns, homestead exemption, utility bill(s), or driver’s license. g. Sponsor Selection Criteria: N/A. h. Additional Information: Residents using this strategy during a disaster recovery are required to submit lease agreements, mortgage statements, past due notices or proper invoices and receipts as applicable for each approved disaster activity above. Mortgage, Rent, Utility and Counseling payments will be made directly to a landlord, financial institution, utility company or contracted community partner. Reimbursement for other Disaster Assistance expenses will require invoices and paid receipts, proof of insurance deductible and proof of FEMA funds, as appropriate. Payments will be made to the service provider, community partner, or resident. Manufactured homes constructed June 1994 forward are considered eligible housing pursuant to Section 420.9071 (8), Florida Statute. Residents will need to provide documentation to demonstrate a relationship to the declared disaster. The County reserves the right to inspect for compliance prior to reimbursement. Page 1794 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 16 E. New Construction Assistance Code 10 a. Summary: SHIP funds may be provided to organizations to be used for costs including, but limited to, land acquisition, infrastructure, landscape and development costs, and all associated fees and permits for single-family housing for resale to eligible home buyers in incorporated or unincorporated Collier County. The units may be constructed on infill lots or as a part of a larger development. The funds awarded to the Sponsor will be passed through to the eligible buyer as down payment assistance. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award (per unit for Sponsor and buyer): $75,000/unit e. Terms: - For the Sponsor: 1. Repayment loan/grant: Deferred Loan secured by a note and mortgage. 2. Interest Rate: 0% 3. Years in loan term for Sponsor: 3 years 4. Forgiveness: The Sponsor’s obligation is forgiven upon the successful sale of the unit to an eligible homebuyer with the benefit being passed to the buyer in the form of a reduced sales price or a seller’s credit. 5. Repayment: No monthly payments are required. 6. Default: If the property has not been successfully sold to an income-qualified buyer within 3 years of the date the mortgage and promissory note are entered into, the entire amount is due and payable to the County. Terms - For the Eligible Homebuyer: 1. Repayment loan/deferred loan/grant: Funds will be awarded as a deferred payment loan secured by a recorded subordinate mortgage and promissory note. 2. Interest Rate: 0% 3. Years in loan term: 30 years 4. Forgiveness: If all conditions of the loan are met, then the loan is forgiven after 30 years. In cases where the qualifying homeowner(s) die(s) during the loan term, the loan will be forgiven. 5. Repayments: No monthly payments are required. 6. Default: The loan will be determined to be in default and due and payable if any of the following occurs during the Loan term: sale, transfer, or conveyance of property; conversion to rental property; 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 SHIP program guidelines, County SHIP mortgage requirements, repayment provisions, and certify that the unit assisted will be their primary residence. In addition to the above, the loan may be determined to be in default if any of the following occurs: i. Sale: if proceeds are not enough to pay off the mortgage note then the homeowner may contact the County Regarding a settlement amount of the SHIP loan in accordance with the “Short Sale Policy”. ii. Title transfer: either voluntary or by operation of law, divested of title by judicial sale, levy or Page 1795 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 17 other proceedings, including foreclosure or Deed in Lieu. iii. Refinance: may be allowed in accordance with the published “Subordination Policy”. iv. Home is no longer primary residence, abandoned, leased, or rented. The county reserves the right to foreclose if the homeowner does not repay the loan as noted above. f. Home Buyer Selection Criteria- Sponsor shall identify applicants and provide the Application intake and income certification of households applying for Construction Assistance, as specified in their agreement with the County. Applicants will be ranked for assistance based on a first-qualified, first-served basis with the priorities for Special Needs, Essential Service Personnel and income group as described in Section I. 1. Applicants must complete a HUD approved Homebuyer Education Program and provide a copy of the certification to the Sponsor prior to closing on a property. The certificate must be dated prior to the SHIP award date and be good through closing. 2. Verification of US Citizenship or Permanent Residency Status: All borrowers must submit one of the following: U.S. Passport, Birth Certificate, naturalization, and or permanent resident card. 3. Asset Cap or Liquid Assets: All beneficiaries will be limited to a cash or liquid asset of $30,000.00 upon completion of their new construction assistance. However, the Board of County Commissioners will have the authority to suspend the asset cap/liquid assets in determining income qualifications during recovery from a declared disaster. g. Sponsor Selection Criteria – The County will issue notice of an ongoing Application for Construction Assistance from non-profit/for profit organizations. Sponsor organizations must apply and provide any related information, specified by the SHIP Administrator, to be used for evaluation of sponsor eligibility. 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: x Compliance with SHIP regulations x Project risk analysis x Financial risk analysis x Capacity and experience x Project feasibility x Adherence to SHIP eligibilities/requirements x Past performance evaluation h. Additional Information: N/A Page 1796 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 18 F. Rental Rehabilitation Code 14 a. Summary: The program is designed to rehabilitate rental units in Collier County. Loans will be given to non-profit/for profit housing landlords/owners who have site control and ownership of the properties to rehabilitate existing single family, multifamily, or mobile/manufactured rental units on scattered sites or a rental complex. Assistance may be provided for large projects involving the repair of multiple rental units. b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award: $500,000 per property as identified by the Collier County Property Appraiser. The maximum rehabilitation per unit award amount is $30,000 e. Terms: 1. Repayment loan/deferred loan/grant: Funds will be made available by loans secured by a subordinate mortgage, promissory note, and a land use restriction agreement placed on the property being rehabilitated. 2. Interest Rate: 0% 3. Years in loan term: 30 years 4. Repayment: Monthly payments are not required. 5. Forgiveness: If all conditions of the loan are met the loan is forgiven at the end of the 30th year. 6. Default: Loan default will be triggered by any of the following actions: i. Sale - if proceeds are not enough to pay off the mortgage note then the property owner (not- for-profit or for profit or landlord) may contact the county regarding a settlement amount of the SHIP loan. ii. Title transfer - either voluntary or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. iii. 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 and/or term with no cash out. iv. Change in use - Property no longer serves the intended population. f. Recapture: Eligible Sponsors that offer rental housing for sale before the end of the 30-year term must give First Right of Refusal to other eligible nonprofit sponsors for purchase per Section 420.9075(5)(i) Florida Statutes. g. Tenant Selection Criteria: Units receiving assistance must be reserved on a first-qualified, first-served basis for income eligible residents. h. Sponsor Selection Criteria: Non-profit/for-profit housing sponsors or landlords will be evaluated 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: Page 1797 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 19 x Compliance with SHIP regulations x Project risk analysis x Financial risk analysis x Capacity and experience x Project feasibility x Adherence to SHIP eligibilities/requirements x Past performance evaluation i. Additional Information: Once the improvements are completed, the sponsor/landlord shall ensure all eligible tenants who occupy the units on subject property, will be income qualified during the thirty (30) year loan term. 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. G. Rental Acquisition Code 20 a. Summary: The program is designed to acquire rental units within Collier County. The sponsor must purchase units in Collier County to create rental opportunities for very-low, low, and moderate income tenants and Special Needs households as defined in 420.0004 (13). b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award: $500,000 per property, as identified by the Collier County Property Appraiser. Terms: 1. Repayment loan/deferred loan/grant: Funds will be made available by loans secured by a subordinate mortgage, promissory note, and land use restriction agreement placed on the property acquired. 2. Interest Rate: 0% 3. Years in loan term: 30 years 4. Repayment: Monthly payments are not required. 5. Forgiveness: If all conditions of the loan are met, then the loan is forgiven after 30 years. 6. Default: Repayment of the loan is required in full under the following conditions: i. Sale: if proceeds are not enough to pay off the promissory note, then the property owner (non-profit or for-profit) may contact the County regarding a settlement amount of the SHIP loan. ii. 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. iii. 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 and/or term, with no cash out iv. Property will no longer serve the intended target population. Page 1798 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 20 f. Recapture: Eligible Sponsors that offer rental housing for sale before the end of the 30-year term must give First Right of Refusal to other eligible nonprofit sponsors for purchase per Section 420.9075(5)(i) Florida Statutes. g. Tenant Selection Criteria: Tenants will be selected on a first-qualified, first-served basis. h. Sponsor Selection Criteria: Non-profit/for-profit housing sponsors will be evaluated 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: x Compliance with SHIP regulations x Project risk analysis x Financial risk analysis x Capacity and experience x Project feasibility x Adherence to SHIP eligibilities/requirements x Past performance evaluation i. Additional Information: Once the acquisition is completed, the sponsor shall ensure all eligible tenants who occupy the units on subject property, will be income qualified on an annual basis during the twenty- year loan term. H. Rental Development Code 21 b. Fiscal Years Covered: 2022-2023, 2023-2024, 2024-2025 c. Income Categories to be served: Very low, low, and moderate d. Maximum award: 1. The applicable dollar figure as determined annually by the Florida Housing Finance Corporation for match contribution per developer whose application is approved through the Florida Housing Finance Corporation for low-income housing tax credits. 2. $1,000,000 per development under 50 units a. Summary: Funds will be awarded to sponsors/developers of affordable rental units for construction, impact fees, land acquisition, and costs to support financing to augment other state or federal housing programs to construct affordable rental units in incorporated or unincorporated Collier County. 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 financing. Page 1799 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 21 3. $2,000,000 per development with 50 units or less, that includes at least 20% Special Needs units. 4. $3,000,000 per development with over 50 units e. Terms: 1. Repayment loan/deferred loan/grant: For-profit developers, funds will be awarded as a loan secured by a recorded subordinate mortgage, promissory note, and land use restriction agreement, against the property. For non-profit developers, funds will be awarded as a forgivable loan secured by a recorded subordinate mortgage, promissory note, and land use restriction agreement, against the property. 2. Interest Rate: 0% 3. Years in loan term: 30 years 4. Forgiveness: i. For for-profit developers, the loan is due and payable at the end of the term unless the County negotiates an extended loan term to secure affordable rental units in the best interest of the County’s residents. ii. For Non-profit developers, one-third of the principal loan balance is forgiven every ten years through the thirty (30) year term. 5. Repayment: Monthly payments are not required. 6. Default: For all awards, the outstanding balance will be due and payable, and a default will be determined if any of the following occurs: i. Sale: if proceeds are not enough to pay off the promissory note then the property owner (not-for-profit or for profit) may contact the county regarding a settlement amount of the SHIP loan. ii. Title transfer: either voluntary or by operation of law, divested of title by judicial sale, levy or other proceedings, including foreclosure or Deed in Lieu. iii. 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 and/or term with no cash out. iv. 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. Recapture: Eligible Sponsors that offer rental housing for sale before the end of the 30-year term must give First Right of Refusal to other eligible nonprofit sponsors for purchase per Section 420.9075(5)(i) Florida Statutes. g. Tenant 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 for the development and will be served on a first-qualified basis. h. Sponsor Selection Criteria: Sponsors will apply to the County through an application or solicitation process. The application/solicitation will require proof of developer experience in providing affordable rental housing, proof of financial capacity, proof of ability to proceed once all funding is closed, and an approved housing unit design plan that meets with the County’s housing element in the Comprehensive Page 1800 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 22 Plan. The County reserves the right to select developments that have met all the above requirements and: a. Are in areas of immediate need due to lack of available units. b. Propose to preserve and improve existing units. All funding awards will be subject to closing on other funding sources. i. Additional Information: Sponsors will be required to meet compliance reporting requirements on the development necessary to meet the statutory requirements for monitoring of SHIP rental units. Section III. 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 420.9076, F.S.: A. Expedited Permitting Permits as defined in s. 163.3177 (6) (f) (3) for affordable housing projects are expedited to a greater degree than other projects. Provide a description of the procedures used to implement this strategy: The Collier County Board of County Commissioners approved an AHAC recommended Incentive Strategy to expedite the development review process for qualified affordable workforce housing. Expedited Permitting, or Fast Track, was amended via Resolution 2018-40. Initially, a qualification meeting is held with the developer/agent and Community and Human Services (CHS) staff to determine if the project meets the affordable housing requirements outlined in Res. 18-40. Those projects that demonstrate compliance are issued a certificate of affordable housing to allow the expedited review process for all aspects of the development. Planning and Zoning staff will provide expedited status by assisting these developments first throughout the process from application through Certificate of Occupancy. B. 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. Provide a description of the procedures used to implement this strategy: 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 identified in the executive summary. The executive summary must be prepared in official County format and include a description of the Growth Management Impact and the Fiscal Impact. 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 (AHAC) regularly forms subcommittees to Page 1801 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 23 review impediments to affordable housing, as well as new affordable housing incentives. C. Other Incentive Strategies Adopted: 1. 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 Development Code, § 2.06.00. Improvements to the Affordable Housing Density Bonus (AHDB) program were approved via Ordinance 2019-02. 2. 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. 125.379 F.S. every three years. The Collier County Board of County Commissioners approved an AHAC recommended Incentive Strategy to permit properties identified as appropriate for use as affordable housing to be offered for sale and the proceeds used to purchase land for the development of affordable housing, or to increase the local government fund (Housing Trust Fund) earmarked for affordable housing, or may be sold with a restriction that requires the development of the property as permanent affordable housing, or may be donated to a nonprofit housing organization for the construction of permanent affordable housing. There are currently two County-owned parcels of land (Bembridge and the Golden Gate Golf Course) that are slated for future development of housing that is affordable in Collier County in 2022 and 2023. Page 1802 of 3681 2022-2023,2023-2024,2024-2025 LHAP BCC Approved: April 26, 2022, Agenda Item 16.D3 Technical Revision: November 10, 2022- NC Technical Revision: July 23, 2024-PA,NC,RR,RA & Disaster Technical Revision: January 28, 2025, Disaster & RD 24 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. Interlocal Agreement. H. Short Sale Policy & Short Sale Application I. Essential Personnel Certification. J. Subordination Policy & Subordination Request Form . Page 1803 of 3681 Page 1804 of 3681 Page 1805 of 3681 Actual RequiredVLI $1,749,230 $1,103,272.50 L $1,559,784 $1,103,272.50 M $0 $1,103,272.50 $3,309,014 StrategiesHomeownershipVLI L M1 & 2 Purchase AssistanceYes 0 $0 1 $40,000 0 $0 $40,000.00 $0.00 $40,000.00 1 $0 $40,000 $0 3 Owner-Occupied RehabilitationYes 0 $0 0 $0 0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 4Demo/ReplaceYes 0 $0 0 $0 0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 5 & 16 Disaster AssistanceYes 0 $0 0 $0 0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 10 Construction AssistanceYes 0 $0 0 $0 0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $40,000 Total Homeownership0 1 0 $40,000.00 $0.00 $40,000.00 1 New $ 227,700 Existing $ 227,700 14 & 21Rental RehabilitationYes 10 $21,563 6 $21,564 0 $345,020 $345,014.00 $0.00 $345,014.00 16 $215,630 $129,384 $0 20 Rental AcquisitionNo 0 $0 0 $0 0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 21 Rental DevelopmentYes 54 $28,400 44 $31,600 0 $0 $2,924,000.00 $0.00 $2,924,000.00 98 $1,533,600 $1,390,400 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 Total Rental 64 50 0 $3,269,014.00 $0.00 $3,269,014.00 114 Administration FeesYes21/22 Allocation $2,700,000.00 Home Ownership CounselingNoAdmin $270,000.00 Total All FundsAvailable $2,430,000.00 Above $40,000.00 Diff $2,390,000.00 WaivedWaived $ 1,749,230 47.6% $ 1,430,400 38.9% $ - 0.0%Very-Low Income (30% requirement)OKLow Income (30% requirement)OKModerate IncomeHomeownership % (65% requirement) 1.1%Does Not Meet RequirementRental Restriction (25%) 88.9%Does Not Meet Requirement $ 3,676,772 Set-AsidesPercentage Construction/Rehab (75% requirement) 90.0%OKOKUnits $ 367,758 10%OKConstructionWithout ConstructionTotal $ - LI UnitsMax. SHIP AwardMod UnitsMax. SHIP AwardMax. SHIP AwardOK OK Purchase Price Limits:Code RentalQualifies for 75% set-asideVLI UnitsLHAP Exhibt C 2021FLORIDA HOUSING FINANCE CORPORATIONHOUSING DELIVERY GOALS CHART2022-2023Estimated Funds (Anticipated allocation only): $ 3,677,575 Name of Local Government: Collier CountyUnitsCodeQualifies for 75% set-asideVLI Units ConstructionWithout ConstructionTotalMax. SHIP AwardLI UnitsMax. SHIP AwardMod UnitsMax. SHIP AwardPage 1806 of 3681 Actual RequiredVLI $1,080,000 $ 843,600.00 L $1,100,000 $ 843,600.00 M $350,000 $ 843,600.00 $2,530,000 StrategiesHomeownershipVLI L M1 & 2 Purchase AssistanceNo 0 $57,500 0 $37,500 0 $27,500 $0.00 $0.00 $0.00 0 $0 $0 $0 3 Owner-Occupied RehabilitationYes 5 $70,000 6 $70,000 2 $70,000 $910,000.00 $0.00 $910,000.00 13 $350,000 $420,000 $140,000 4Demo/ReplaceYes 3 $160,000 3 $160,000 1 $160,000 $1,120,000.00 $0.00 $1,120,000.00 7 $480,000 $480,000 $160,000 5 & 16 Disaster AssistanceYes 0 $25,000 0 $25,000 0 $25,000 $0.00 $0.00 $0.00 0 $0 $0 $0 10 Construction AssistanceYes 5 $50,000 4 $50,000 1 $50,000 $500,000.00 $0.00 $500,000.00 10 $250,000 $200,000 $50,000 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $2,530,000 Total Homeownership13 13 4 $2,530,000.00 $0.00 $2,530,000.00 30 New $ 402,710 Existing $ 402,710 14 & 21Rental RehabilitationYes 0 $500,000 0 $500,000 0 $500,000 $0.00 $0.00 $0.00 0 $0 $0 $0 20 Rental AcquisitionNo 0 $300,000 0 $300,000 0 $300,000 $0.00 $0.00 $0.00 0 $0 $0 $0 21 Rental DevelopmentNo 0 $1,500,000 0 $1,500,000 0 $1,500,000 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 Total Rental 0 0 0 $0.00 $0.00 $0.00 0 Administration FeesYes21/22 Allocation $2,812,000.00 Home Ownership CounselingNoAdmin $281,200.00 Total All FundsAvailable $2,530,800.00 Above $2,530,000.00 Diff $800.00 $ 1,080,000 38.4% $ 1,100,000 39.1% $ 350,000 12.4%Very-Low Income (30% requirement)OKLow Income (30% requirement)OKModerate IncomeHomeownership % (65% requirement) 90.0%OKRental Restriction (25%) 0.0%OK $ 2,811,200 Set-AsidesPercentage Construction/Rehab (75% requirement) 90.0%OKOKUnits $ 281,200 10%OKConstructionWithout ConstructionTotal $ - LI UnitsMax. SHIP AwardMod UnitsMax. SHIP AwardMax. SHIP AwardOK OK Purchase Price Limits:Code RentalQualifies for 75% set-asideVLI UnitsLHAP Exhibt C 2021FLORIDA HOUSING FINANCE CORPORATIONHOUSING DELIVERY GOALS CHART2023-2024Estimated Funds (Anticipated allocation only): $2,812,000.00 UnitsCodeQualifies for 75% set-asideVLI Units ConstructionWithout ConstructionTotalMax. SHIP AwardLI UnitsMax. SHIP AwardMod UnitsMax. SHIP AwardPage 1807 of 3681 ActualVLI $1,150,000 L $1,100,000 M $400,000 $2,650,000 StrategiesHomeownershipVLI L M1 & 2 Purchase AssistanceNo 0 $57,500 0 $37,500 0 $27,500 $0.00 $0.00 $0.00 0 $0 $0 $0 3 Owner-Occupied RehabilitationYes 6 $70,000 6 $70,000 2 $70,000 $980,000.00 $0.00 $980,000.00 14 $420,000 $420,000 $140,000 4Demo/ReplaceYes 3 $160,000 3 $160,000 1 $160,000 $1,120,000.00 $0.00 $1,120,000.00 7 $480,000 $480,000 $160,000 5 & 16 Disaster AssistanceYes 0 $25,000 0 $25,000 0 $25,000 $0.00 $0.00 $0.00 0 $0 $0 $0 10 Construction AssistanceYes 5 $50,000 4 $50,000 2 $50,000 $550,000.00 $0.00 $550,000.00 11 $250,000 $200,000 $100,000 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $2,650,000 Total Homeownership14 13 5 $2,650,000.00 $0.00 $2,650,000.00 32 New $ 402,710 Existing $ 402,710 14 & 21Rental RehabilitationYes 0 $500,000 0 $500,000 0 $500,000 $0.00 $0.00 $0.00 0 $0 $0 $0 20 Rental AcquisitionNo 0 $300,000 0 $300,000 0 $300,000 $0.00 $0.00 $0.00 0 $0 $0 $0 21 Rental DevelopmentNo 0 $1,500,000 0 $1,500,000 0 $1,500,000 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 $0.00 $0.00 $0.00 0 $0 $0 $0 Total Rental 0 0 0 $0.00 $0.00 $0.00 0 Administration FeesYes21/22 Allocation $2,952,600.00 Home Ownership CounselingNoAdmin $295,260.00 Total All FundsAvailable $2,657,340.00 Above $2,650,000.00 Diff $7,340.00 $ 1,150,000 38.9% $ 1,100,000 37.3% $ 400,000 13.5%Units $ 295,260 10% $ 2,945,260 OK $ - LI UnitsMax. SHIP AwardMod UnitsMax. SHIP AwardConstructionWithout ConstructionMax. SHIP AwardOKTotalSet-AsidesPercentage Construction/Rehab (75% requirement) 89.8%OKModerate IncomeHomeownership % (65% requirement) 89.8%OKRental Restriction (25%) 0.0%OKVery-Low Income (30% requirement)OKLow Income (30% requirement)OKOK OK Purchase Price Limits:Code RentalQualifies for 75% set-asideVLI UnitsLHAP Exhibt C 2021FLORIDA HOUSING FINANCE CORPORATIONHOUSING DELIVERY GOALS CHART2024-2025Estimated Funds (Anticipated allocation only): $2,952,600.00 Name of Local Government: UnitsCodeQualifies for 75% set-asideVLI Units ConstructionWithout ConstructionTotalMax. SHIP AwardLI UnitsMax. SHIP AwardMod UnitsMax. SHIP AwardPage 1808 of 3681 Page 1809 of 3681 Page 1810 of 3681 Page 1811 of 3681 Page 1812 of 3681 Page 1813 of 3681 Page 1814 of 3681 Page 1815 of 3681 Page 1816 of 3681 Page 1817 of 3681 Page 1818 of 3681 Page 1819 of 3681 Page 1820 of 3681 Page 1821 of 3681 Page 1822 of 3681 Page 1823 of 3681 Page 1824 of 3681 Page 1825 of 3681 Page 1826 of 3681 Page 1827 of 3681 Page 1828 of 3681 Page 1829 of 3681 Page 1830 of 3681 Page 1831 of 3681 Page 1832 of 3681 Page 1833 of 3681 Page 1834 of 3681 1 Lisa Carr Subject:FW: SHIP 21/22 Extension Request From: Lisa Carr <Lisa.Carr@colliercountyfl.gov> Sent: Tuesday, December 3, 2024 3:23 PM To: Kathy Cutler <Kathy.Cutler@floridahousing.org> Cc: Robert Dearduff <Robert.Dearduff@floridahousing.org>; Kristi Sonntag <Kristi.Sonntag@colliercountyfl.gov>; Donald Luciano <Donald.Luciano@colliercountyfl.gov>; Vanessa Collier <Vanessa.Collier@colliercountyfl.gov>; Erica Robinson <Erica.Robinson@colliercountyfl.gov>; Lisa Weinmann <lisa.weinmann@colliercountyfl.gov> Subject: RE: SHIP 21/22 Extension Request Collier County thanks you for the FY 2021/2022 expenditure extension! Lisa Carr Supervisor - Grants Community & Human Services Office:239-252-2339 Lisa.Carr@colliercountyfl.gov From: Kathy Cutler <Kathy.Cutler@floridahousing.org> Sent: Tuesday, December 3, 2024 11:56 AM To: Lisa Carr <Lisa.Carr@colliercountyfl.gov> Cc: Robert Dearduff <Robert.Dearduff@floridahousing.org>; Kristi Sonntag <Kristi.Sonntag@colliercountyfl.gov>; Donald Luciano <Donald.Luciano@colliercountyfl.gov>; Vanessa Collier <Vanessa.Collier@colliercountyfl.gov> Subject: FW: SHIP 21/22 Extension Request EXTERNAL EMAIL: This email is from an external source. Confirm this is a trusted sender and use extreme caution when opening attachments or clicking links. Florida Housing is in receipt of your request for an expenditure extension for Collier County SHIP funds for the ﬁscal year 21/22. Based on the informaƟon provided in the request, we ﬁnd that the request is reasonable and meets the standard required in 67- 37.005 (1)(f). The new expenditure deadline is June 30, 2025. _____________________________________________________________________________________________________ 67-37.005 (1) (f) The funds deposited to the local housing assistance trust fund must be spent within twenty-four months from the end of the applicable State ﬁscal year. ExcepƟons to this Ɵme frame must be approved by the CorporaƟon SHIP Program Administrator on a case-by-case basis. Excep Ɵons will only be granted for good cause. Examples of good cause are natural disasters, requirements of other State agencies, adverse market condi Ɵons, and unavoidable development delays. Adequate explanaƟon of the reasons for the requested extension as well as a Ɵmeline for compleƟng the expenditure of funds must be submiƩed to the CorporaƟon before an extension will be approved, e.g., project status, work plan and comple Ɵon schedule, Page 1835 of 3681 2 commitment of funds, etc. The CorporaƟon may require a local government requesƟng an expenditure extension to receive technical assistance through the Catalyst program to evaluate the need for an extension. Kathy Cutler Special Programs Manager Kathy.Cutler@floridahousing.org p. 850.488.4197 www.FloridaHousing.org Florida has a broad and inclusive public records law. This e-mail and any responses to it should be considered a matter of public record. From: Lisa Carr <Lisa.Carr@colliercountyfl.gov> Sent: Monday, December 2, 2024 1:23 PM To: Robert Dearduff <Robert.Dearduff@floridahousing.org> Cc: Kristi Sonntag <Kristi.Sonntag@colliercountyfl.gov>; Donald Luciano <Donald.Luciano@colliercountyfl.gov >; Vanessa Collier <Vanessa.Collier@colliercountyfl.gov> Subject: SHIP 21/22 Extension Request Hello Rob, Please see the attached request for a final extension to our 21-22 allocation. If you have any questions, please feel free to let me know. Lisa Carr Supervisor - Grants Community & Human Services Office:239-252-2339 Lisa.Carr@colliercountyfl.gov Under Florida Law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by telephone or in writing. Disclaimer Page 1836 of 3681 3 Florida has a broad and inclusive public records law. This e-mail and any responses to it should be considered a matter of public record.” Page 1837 of 3681