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Agenda 10/08/2019 Item #16D 2 (SHIP Sponsor Agreement w/HELP)10/08/2019 EXECUTIVE SUMMARY Recommendation to approve and authorize the Chairman to sign a State Housing Initiatives Partnership (SHIP) Sponsor Agreement with the Housing Development Corporation of SW Florida, d/b/a HELP in the amount of $200,000 to implement the SHIP Purchase Assistance strategy. OBJECTIVE: To continue to promote affordable housing strategies for very-low, low, and moderate- income persons through the State Housing Initiatives Partnership (SHIP) Program. CONSIDERATIONS: The William E. Sadowski Affordable Housing Act provides funding to local communities to promote and advance affordable housing initiatives. Funds are generated through documentary stamp tax on real estate transactions. Under the SHIP Program, Collier County and the City of Naples receive funds from the State of Florida through the Florida Housing Finance Corporation to undertake eligible activities. On April 26, 2016 (Agenda Item #16D4), the Board of County Commissioners (Board) adopted the SHIP 2016-2019 LHAP. The LHAP identifies eligible strategies and serves as a guideline for the use of all SHIP funds. The purchase assistance strategy provides an interest-free loan up to $55,000 to assist qualified first-time homebuyers to purchase a home in Collier County. Community and Human Services (CHS) staff advertised a grant application cycle on January 4, 2019, for a submittal period through February 11, 2019 to secure a for-profit or a non-profit organization to implement the purchase assistance strategy. CHS received one (1) application in response, from HELP. On March 1, 2019, a review panel interviewed the applicant and recommended a $200,000 award to HELP. HELP is a HUD-approved non-profit housing counseling agency that offers credit and financial counseling and educational services to existing and prospective homeowners. The Sponsor Agreement provides for HELP to utilize SHIP funds as purchase assistance subsidy for very -low, low, and moderate- income borrowers in Collier County. A minimum of fifty percent (50%) of funding will be designated for low-income households. The purchase assistance will be provided in the form of a zero-interest loan, and a fifteen (15) year subordinate lien will be recorded in favor of Collier County on each transaction. Funds may be used for a down payment and/or closing and settlement charges on an approved primary residence purchase transaction. HELP will serve in an advisory role for the SHIP applicant and implement the Purchase Assistance program strategy through the following tasks: Identifying and meeting with prospective applicants, completing detailed income certification and pre-purchase counseling, preparing a complete application package and delivering to a designated point-of-contact to County staff, assisting with delivery of conditions items to obtain approval for funding, ensuring funds are delivered to closing, and the lien in favor of the County is properly recorded. Collier County staff will have final approval/denial of all SHIP applications and initiate the funding process. FISCAL IMPACT: The proposed action has no new Fiscal impact. Funds are budgeted within SHIP Grant Fund (791), Projects 33525 and 33569. LEGAL CONSIDERATIONS: This Item has been approved for form and legality and requires a majority vote for Board approval. -JAB 16.D.2 Packet Pg. 897 10/08/2019 GROWTH MANAGEMENT IMPACT: Acceptance of these funds will allow the County to expand affordable housing opportunities for its citizens and further the goals of the Housing Element of the Collier County Growth Management Plan. RECOMMENDATION: To approve and authorize the Chairman to sign a State Housing Initiatives Partnership Sponsor Agreement with Housing Development Corporation of SW Florida, d/b/a HELP in the amount of $200,000 to implement the SHIP Purchase Assistance program strategy. Prepared By: Lisa N. Carr, Senior Grant Coordinator, Community and Human Services Division ATTACHMENT(S) 1. HELP AGREEMENT-SHIP 2018-2019 (PDF) 16.D.2 Packet Pg. 898 10/08/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.2 Doc ID: 10096 Item Summary: Recommendation to approve and authorize the Chairman to sign a State Housing Initiatives Partnership (SHIP) Sponsor Agreement with the Housing Development Corporation of SW Florida, d/b/a HELP in the amount of $200,000 to implement the SHIP Purchase Assistance strategy. Meeting Date: 10/08/2019 Prepared by: Title: Grants Coordinator – Community & Human Services Name: Lisa Carr 09/10/2019 12:58 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 09/10/2019 12:58 PM Approved By: Review: Community & Human Services Leslie Davis Additional Reviewer Completed 09/12/2019 3:32 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 09/17/2019 10:13 AM Community & Human Services Cormac Giblin Additional Reviewer Completed 09/20/2019 11:51 AM Community & Human Services Kristi Sonntag CHS Review Completed 09/23/2019 4:48 PM Public Services Department Kimberley Grant Level 1 Reviewer Completed 09/24/2019 10:18 AM Public Services Department Todd Henry Level 1 Division Reviewer Completed 09/24/2019 11:56 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 09/24/2019 2:26 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 09/25/2019 11:43 AM Grants Erica Robinson Level 2 Grants Review Completed 09/26/2019 9:20 AM Office of Management and Budget Laura Wells Level 3 OMB Gatekeeper Review Completed 09/26/2019 10:23 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 09/26/2019 10:56 AM Budget and Management Office Ed Finn Additional Reviewer Completed 09/27/2019 9:25 AM Grants Therese Stanley Additional Reviewer Completed 09/27/2019 11:12 AM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 09/29/2019 5:47 PM Board of County Commissioners MaryJo Brock Meeting Pending 10/08/2019 9:00 AM 16.D.2 Packet Pg. 899 16.D.2.a Packet Pg. 900 Attachment: HELP AGREEMENT-SHIP 2018-2019 (10096 : HELP Agreement- SHIP Purchase Assistance Program) 16.D.2.a Packet Pg. 901 Attachment: HELP AGREEMENT-SHIP 2018-2019 (10096 : HELP Agreement- SHIP Purchase Assistance Program) 16.D.2.a Packet Pg. 902 Attachment: HELP AGREEMENT-SHIP 2018-2019 (10096 : HELP Agreement- SHIP Purchase Assistance Program) 16.D.2.a Packet Pg. 903 Attachment: HELP AGREEMENT-SHIP 2018-2019 (10096 : HELP Agreement- SHIP Purchase Assistance Program) 16.D.2.a Packet Pg. 904 Attachment: HELP AGREEMENT-SHIP 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