Agenda 06/22/2010 Item #10F
Agenda Item No. 10F
June 22. 2010
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EXECUTIVE SUMMARY
Request the Board of County Commissioners (BCC) provide approval of the proposed
approach to quantify the number of existing market rate units that would qualify under
the affordable housing guidelines for the 2011 Evaluation and Appraisal Report (EAR)
review.
OBJECTIVE:
To request approval from the Board of County Commissioners (BCC) regarding the proposed
approach to quantify the number of existing market rate units that would qualify as affordable
under the affordable housing guidelines. With the recent decline in property values throughout
the County, there is a need to quantify the number of market rate housing units that fall within
the stated affordable housing pricing thresholds to provide for a fuller understanding of the
affordable housing equation. The results of the proposed exercise would be part of the
upcoming EAR analysis and report.
CONSIDERATIONS:
During the April 27, 2010 BCC public hearing, the BCC directed staff to develop a research
program to quantify the number of market based units that would qualify as affordable housing.
To fulfill that directive, staff is recommending the following parameters for the approach:
1. Time Frame - The analysis will include the querying of all units sold between May, 2009
and May, 2010.
2. Qualifying Housing Price Range - Housing staff will provide the pricing thresholds that
qualify under the existing affordable housing program to determine the benchmarks to
identify market rate units that have sold below the designated thresholds.
3. Closing Sale Price - This is the database parameter that will be queried.
4. Data Source - The Property Appraiser's database will be the source for the exercise
with closing price being the factor to query.
5. Household Composition - The income thresholds for the affordable housing programs
are based on the number of people that reside in a unit. The analysis will focus on
identifying market rate units for qualifying two and four persons per households.
6. Output Display - The output will be geocoded to allocate the resulting housing units by
Commission District and Planning Community.
FISCAL IMPACT:
There are no direct fiscal impacts to the proposal other than the staff hours allocated to perform
the exercise.
LEGAL CONSIDERATIONS:
This Executive Summary has been reviewed and approved by the Office of the County Attorney.
HFAC
STAFF RECOMMENDATION:
That the BCC approves the proposed approach to quantify the number of existing market rate
units that would qualify as affordable under the affordable housing guidelines.
PREPARED BY:
Mike Bosi, AICP, Comprehensive Planning Manager, Land Development Services Department,
Growth Management Division, Planning and Regulation
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Item Number:
Item Summary:
Meeting Date:
Agenda Item No. 10F
June 22, 2010
Page 2 of 2
COLLIER COUNTY
BOARD OF COUNTY COMMISSIONERS
10F
To request approval from the Board of County Commissioners (BCG) regarding the proposed
approach to quantify the number of existing market rate units that would qualify as affordable
under the affordable housing guidelines. (Mike Bosi, Manager, Comprehensive Planning
Section, Growth Management)
6/22/20109:00:00 AM
Prepa red By
Mike Bosi, AICP
Community Development &
Environmental Services
Manager. Planning
Date
Comprehensive Planning
5/26/20103:53:32 PM
Approved By
Norm E. Feder, AICP
Transportation Division
Administrator. Transportation
Date
Transportation Administration
6/1/20104:08 PM
Approved By
Heidi F. Ashton
County Attorney
Section Chief/Land Use-Transportation
Date
County Attorney
6/1/2010 5:00 PM
Approved By
William D. Lorenz, Jr., P.E.
Community Development &
Environmental Services
Director. CDES Engineering Services
Date
Engineering & Environmental Services
6/1/20105:01 PM
Approved By
Judy Puig
Community Development &
Environmental Services
Operations Analyst
Community Development &
Environmental Services
Date
6/3/2010 12:06 PM
Approved By
Nick Casalanguida
Transportation Division
Director ~ Transportation Planning
Date
Transportation Planning
6/8/20109:57 AM
Approved By
OMS Coordinator
County Manager's Office
Date
Office of Management & Budget
6/9/20103:34 PM
Approved By
Leo E. Ochs, Jr.
County Managers Office
County Manager
Date
County Managers Office
6/9/20105:09 PM