Item C2
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: June 15, 2000
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of a resolution updating the appropriation of funding for the Plan
2000 affordable housing initiatives.
Item Background: In 1996 the Land Authority Governing Board appropriated a total of $3,529,600 in
acquisition funding in support of the Plan 2000 affordable housing initiatives proposed by the Monroe
County Housing Authority and the Key West Housing Authority. The Housing Authority's
implementation of these initiatives has been delayed by a lack of funding for non-acquisition activities.
To date only one Plan 2000 initiative involving Land Authority funds has been completed: the 28-unit
Key Plaza development in Key West. The Florida Housing Finance Corporation now provides funding
for non-acquisition activities through the Pre-development Loan Program (PLP) and, due to the Housing
Authority's recent success in securing this funding, additional Plan 2000 initiatives should now move
ahead.
The purpose of the proposed resolution is to add a new Plan 2000 initiative: the construction of 50
single-family and/or duplex affordable rental units on scattered vacant lots in developed subdivisions
(see paragraph e on page 2 of the resolution). Other components of this new initiative would include
FEMA "unmet needs" funding and RaGa exemptions pursuant to the DCA downstairs enclosure
agreement. The total appropriation in the proposed resolution reflects the original $3,529,600, less
$382,554 already disbursed for the acquisition of Key Plaza Site A, leaving a balance of $3,147,046.
Additional Board action is required before the Land Authority could purchase a specific parcel.
Advisory Committee Action: On 5/24/00 the Advisory Committee voted 4/0 to approve the proposed
resolution.
Previous Governing Board Action: The Governing Board approved the original Plan 2000
appropriation on 10/16/96.
Staff Recommendation: Approval.
Total Cost: $ 3,147,046.00
Budgeted: Yes X
No
Cost to Land Authority: $ 3,147,046.00
Approved By: Attorney ~ oM~/purMi~g _
Executive Director Approval: ^'1.1 ~' ~.
-----I ark J. Rosch
Documentation: Included: X To Follow:
Risk Management
Not Required:
Disposition:
Agenda Item LA #2
MonROE counTlJ HOUSINC3 AUTHORITlJ
P. O. BOX 2476 · KEY WEST. FLORIDA 33040 . 305296-5621
Director:
Henry V. Haskins. P.H.M.
AFFORDABLE HOUSING (RENTAL) DEVELOPMENT PLAN
MONROE COUNTY HOUSING AUTHORITY
May, 2000
The Monroe County Housing Authority (MCHA) proposes to construct fifty (50) new single family
and/or duplex affordable housing rental units located at scattered sites in unincorporated Monroe County
from Key Largo to Stock Island.
We propose a mixture of two and three bedroom units, with a predominance of three bedroom units. We
propose to reserve a minimum often units for occupancy by qualified elderly.
Occupancy shall be dedicated to very low, low and moderate income households as defined annually for
Monroe County by the U.S. Department of Housing and Urban Development (Attached). Properties
will be rented to qualified tenants under the terms of the Monroe County Housing Authority's Rental
Affordability Policy. This policy provides that:
· Income targeting of very-low an low income households with no more that 40% ofthe units
occupied by moderate income households.
· Monthly rents for very low and low-income households shall not exceed the amounts defined
annually for Monroe County by the U.S. Department of Housing and Urban Development (HUD).
· Monthly rents for moderate-income households shall not exceed'the amounts defined annually by
the Florida Housing Finance Corporation (FHFC).
The location of the homes wiII be based on availability and subject to the following site selection criteria
developed in cooperation with the Monroe County Land Authority (MCLA):
· Unincorporated Monroe County, Key Largo to Stock Island
· Current zoning: IS, DR, URM, SR, SRL, MU
· Lot Size sufficient to accommodate 1300 sq. ft. single family home (min. 50' x 100'/5000 sq. ft.)
· Surrounding uses compatible with single family/duplex residential
· Acceptable level of service along US Route I (C or higher)
· Dry lots only, no canal lots or wetlands
· Very-low or low intensity environmental sensitivity:
Very-low: Scarified/Exotic vegetation
Low: Disturbed lots
· All lots subject to approval of Monroe County Housing Authority & Monroe County Land Authority
1st of2 pages
We are requesting the Monroe County Board of County Commissioners, through a recommendation
from the Monroe County Planning Commission, reserve (50) FEMA replacement unit building permits
provided Monroe County, to the Housing Authority for this project.
We are requesting the Monroe County Board of County Commissioners, through a recommendation
from the Monroe County Land Authority Advisory Board, amend Resolution 06-1996 to include the
proposed project as an approved use of the reserved funds. This resolution currently provides
$1,573,600 in direct support of Monroe County Housing Authority affordable housing projects in
Monroe County
Pending approval and initial land acquisition construction is anticipated to begin in early 2001 and
construction time is estimated to be fifteen to eighteen months.
Comments: Special Programs Office, Monroe County Housing Authority
1403 lih Street, Key West, Florida 33040
Ph. (305) 292-1221 Fax (305) 292-1162
Notes:
2nd of 2 pages
RESOLUTION NO.
A RESOLUTION OF THE MONROE COUNTY
COMPREHENSIVE PLAN LAND AUTHORITY UPDATING THE
APPROPRIATION OF ACQUISITION FUNDING TO IMPLEMENT
PLAN 2000 AND PROVIDE AFFORDABLE HOUSING IN
COOPERATION WITH THE MONROE COUNTY AND KEY
WEST HOUSING AUTHORITIES.
WHEREAS, section 380.0666(3), Florida Statutes, and Section 9.3-2, Monroe County Code,
empowers the Monroe County Comprehensive Plan Land Authority (hereinafter "Land
Authority") to acquire real property for the purpose of providing affordable housing to very low,
low, and moderate income persons as defined in section 420.0004, Florida Statutes; and
WHEREAS, the Monroe County Housing Authority (MCHA) and Key West Housing Authority
(KWHA) have prepared affordable housing plans called "Plan 2000" (hereinafter "Plan 2000")
for both Monroe County and Key West which document the need for additional affordable
housing and propose programs to address this need by leveraging local funds with State grants;
and
WHEREAS, the Land Authority adopted Resolution 06-1996 on October 16, 1996 to provide a
total of $3,529,600 in acquisition funds in support of Plan 2000; and
WHEREAS, MCHA and KWHA request an updated appropriation of $3,147,046 in acquisition
funds carried forward from the previous appropriation to reflect the completion of the Key Plaza
Site A project in the Key West Area of Critical State Concern and the addition of a new project in
the Florida Keys Area of Critical State Concern consisting of single family and/or duplex rentals;
and
WHEREAS, the proposed new project of single family and/or duplex rentals is consistent with
the Land Authority's desire to provide housing that will continue to be affordable over the long
term; and
WHEREAS, the Land Authority Advisory Committee considered this request at a meeting held
on May 24, 2000 and voted 4/0 to recommend approval subject to the requirements contained in
this Resolution; NOW, THEREFORE,
BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY:
Section 1 Projects Selected for Acquisition.
1. Projects in the Florida Keys Area of Critical State Concern:
(a) Homeownership (Existing Dwelling Units) - MCHA will purchase existing single-family
homes, renovate the structures, and sell the resulting upgraded property as affordable
housing to qualified private buyers. The specific properties to be acquired will be
determined at a future date. Title to the property will vest initially in MCHA and ultimately
in the qualified private buyer. Land Authority funding for this project shall be secured by
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a legally binding, interest free mortgage due on sale to the qualified buyer or in five
years, whichever occurs first.
(b) Homeownership (New Dwelling Units) - MCHA will purchase vacant lots, construct
single-family homes, and sell the resulting improved property as affordable housing to
qualified private buyers. The specific properties to be acquired will be determined at a
future date. Title to the property will vest initially in MCHA and ultimately in the qualified
private buyer. Land Authority funding for this project shall be secured by a legally
binding, interest free mortgage due on sale to the qualified buyer or in five years,
whichever occurs first.
(c) Multi-family Rental/41st St. Area - MCHA will purchase, renovate, own, and manage
existing multi-family housing in the 41 st Street area of Marathon as affordable rental
housing. Title to the property will vest in MCHA. The specific properties to be acquired
will be determined at a future date. The Land Authority funding for this project shall be
secured by a legally binding, interest free mortgage for a period not to exceed 50 years.
The exact terms and conditions of the mortgage shall be approved by the Advisory
Committee and the Land Authority prior to closing.
(d) Elderly/Disabled - MCHA will purchase a vacant site, construct, own, and manage a
multi-family facility as affordable rental housing for elderly and disabled persons. The
specific property to be acquired will be determined at a future date. Title to the property
will vest in MCHA. The Land Authority funding for this project shall be secured by a
legally binding, interest free mortgage for a period not to exceed 50 years. The exact
terms and conditions of the mortgage shall be approved by the Advisory Committee and
the Land Authority prior to closing.
(e) Single Family and/or Duplex Rental- The Land Authority will purchase vacant lots to be
encumbered with deed restrictions and conveyed to MCHA. MCHA will develop the lots
with single family and/or duplex homes and rent the resulting improved property as
affordable housing to qualified tenants.
2. Projects in the Key West Area of Critical State Concern:
(a) Poinciana (Existing Dwelling Units/Rentals) - KWHA will purchase a portion of the
existing Poinciana military housing, renovate the structures, and manage the property as
affordable rental housing. Title to the property will vest in KWHA. Land Authority funding
for this project shall be secured by a legally binding, interest free mortgage for a period
not to exceed 50 years. The exact terms and conditions of the mortgage shall be
approved by the Advisory Committee and the Land Authority prior to closing.
(b) Poinciana (Existing Dwelling Units/Shared Housing Rentals) - KWHA will purchase a
portion of the existing Poinciana military housing, redesign and renovate the structures to
function as shared housing, and manage the property as affordable rental housing. Title
to the property will vest in KWHA. Land Authority funding for this project shall be
secured by a legally binding, interest free mortgage for a period not to exceed 50 years.
The exact terms and conditions of the mortgage shall be approved by the Advisory
Committee and the Land Authority prior to closing.
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(c) Poinciana (New Dwelling Units) - KWH A will purchase the undeveloped portion of the
existing Poinciana military housing facility, construct multi-family homes, and rent the
resulting improved property as affordable housing to qualified households. Title to the
property will vest in KWHA. Land Authority funding for this project shall be secured by a
legally binding, interest free mortgage for a period not to exceed 50 years. The exact
terms and conditions of the mortgage shall be approved by the Advisory Committee and
the Land Authority prior to closing.
(d) Homeownership (New Dwelling Units) - KWHA will purchase vacant lots, construct
single-family homes, and sell the resulting improved property as affordable housing to
qualified private buyers. The specific properties involved will be determined at a future
date. Title to the property will vest initially in KWHA and ultimately in the qualified private
buyer. Land Authority funding for this project shall be secured by a legally binding,
interest free mortgage due on sale to the qualified buyer or in five years, whichever
occurs first.
(e) Multi-family Rental/Key Plaza - KWH A will purchase, renovate, own, and manage the
existing multi-family housing known as Key Plaza as affordable rental housing. Title to
the property will vest in KWHA. Land Authority funding for this project shall be secured
by a legally binding, interest free mortgage for a period not to exceed 50 years. The
exact terms and conditions of the mortgage shall be approved by the Advisory
Committee and the Land Authority prior to closing.
(f) Elderly/Disabled - KWHA will purchase a vacant site, construct, own, and manage a
multi-family facility as affordable rental housing for elderly and disabled persons. The
specific properties involved will be determined at a future date. Title to the property will
vest in KWHA. Land Authority funding for this project shall be secured by a legally
binding, interest free mortgage for a period not to exceed 50 years. The exact terms and
conditions of the mortgage shall be approved by the Advisory Committee and the Land
Authority prior to closing.
Section 2 Appropriations.
1. The Land Authority hereby agrees to appropriate the following funds for the acquisition of
real property to implement the projects in Section 1:
Florida Keys Area of Critical State Concern
Key West Area of Critical State Concern
Total
$1,573,600
$1,573,446
$3,147,046
Section 3 Conditions.
1. Said funds are to be spent for the acquisition of real property to implement the projects in
Section 1, provided each of the following conditions are met:
(a) Where mortgages are called for in Section 1, said funds are secured by a legally binding
mortgage executed by MCHA or KWH A in favor of the Land Authority in accordance with
the terms described in Section 1 and approved by the Land Authority counsel.
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(b) The property will provide affordable housing to very low income, low income, or
moderate income persons, as defined in s. 420.0004, FS and in accordance with the
MCHA and KWHA affordability policies.
(c) MCHA and KWHA are responsible for developing and managing the property as
affordable housing and ensuring compliance with the affordability requirements of 1 (b)
above.
(d) Where a property is to purchased directly by MCHA or KWHA, the specific property is
selected for acquisition by the Advisory Committee and approved for acquisition by the
Governing Board prior to the negotiation of a purchase contract.
(e) The terms of the purchase contract meet the requirements of Rule 02-1991 and are
approved by the Advisory Committee and the Governing Board.
(g) The funds are spent only on the following acquisition costs: purchase price,
environmental audit, boundary map, survey, appraisal, title insurance, and attorney's
closing fees. Once a specific property has been selected for acquisition by the Advisory
Committee and approved for acquisition by the Governing Board, the funds for
environmental audit, boundary map, survey, and appraisal costs may be disbursed prior
to closing to cover those actual costs incurred.
PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a
regular meeting on this 15th day of June, 2000.
(Seal)
ATTEST:
MONROE COUNTY COMPREHENSIVE
PLAN LAND AUTHORITY
Mark J. Rosch
Executive Director
Nora Williams
Chairman
Approved for Legal Sufficiency
Larry R. Erskine
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