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FLORIDA HOUSING COALITION Presented by Gladys Cook Disaster Housing Recovery Director

AFFORDABLE HOUSING DEVELOPMENT. BEST PRACTICES. NCDA 50 TH ANNIVERSARY CONFERENCE JACKSONVILLE FLORIDA JUNE 21, 2019. FLORIDA HOUSING COALITION Presented by Gladys Cook Disaster Housing Recovery Director. BEST PRACTICES. PARTNERSHIPS- THE HOUSING TRUST FUND

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FLORIDA HOUSING COALITION Presented by Gladys Cook Disaster Housing Recovery Director

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

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

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

  4. STATE AND LOCAL TRUST FUNDS

  5. IMPACT OF SADOWSKI TRUST FUNDS FOR ONE YEAR IF NOT SWEPT

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

  7. Technical Assistance and Training • Predevelopment Process • Development Process • Financial Management • Board of Directors Capacity

  8. FLORIDA LEGAL SERVICES • FORMATION • AGREEMENTS AND CONTRACTS • SITE ACQUISITION • MERGERS • LANDLORD TENANT GUIDANCE

  9. PREDEVELOPMENT LOANS • SITE ACQUISITION • DUE DILIGENCE • FINANCING • MANAGEMENT AND OPERATIONS

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

  11. DISASTER HOUSING RECOVERY

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

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

  14. Hurricane Michael • Hurricane Housing Recovery Program $65M • Hurricane Rental Loan Program $50M • 11 Counties

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

  16. CERTIFICATION PROGRAMS • FANNIE MAE • FREDDIE MAC

  17. FHC Statewide Annual Conference AUGUST 26-28, 2019 Rosen Centre Hotel, Orlando www.FLHousingConference.org Members Receive $200 Discount To become a member, contact Johnitta Wells at wells@flhousing.org.

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