www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - August 22, 2017
August 22, 2017 - Regular Meeting
Agenda Item #43


Subject
Adoption of Resolution R-17-069 Establishing the Livable Manatee Incentive Program

Briefings
All

Contact and/or Presenter Information

Denise L. Thomas, Housing and Community Development Manager, Ext. 3474

Presenter:  Geraldine C. Lopez, Director, Ext. 3937



Action Requested
Adoption of Resolution R-17-069 regarding affordable housing; establishing the Livable Manatee Incentive program for qualified new affordable housing in unincorporated Manatee County; authorizing the establishment of administrative procedures; rescinding and replacing Resolutions R-07-37 and R-07-58; providing for severability; and providing an effective date.

Enabling/Regulating Authority

11.1.4. Efficiency in Service Delivery (Comprehensive Plan)

6.1.3.3 Provision of Government Incentives to aid in the development of affordable housing (Comprehensive Plan - Housing Element)

Part VI - Section 545.2(C) Affordable Housing Incentives (Land Development Code)



Background Discussion

On April 18, 2017, a work session was held with the Board of County Commissioners (BCC) to discuss a reset of the All Things Housing initiative.

In review of financial barriers impacting the creation of affordable housing, staff brought forth for BCC consideration the development of an incentive program that would provide a greater level of financial incentives to developers to encourage the development of both rental and homeownership affordable housing units. Based on worksession discussion, staff was directed to move forward in the establishment of an incentive program.

Staff has developed the Livable Manatee Incentive program for BOCC consideration and approval. The program has a homeownership and rental component:

1)  Livable Manatee Homeownership Incentive Program -

Goal:  To encourage affordable housing units within mixed-income developments, scattered sites and infill development; establish efficient process for customer service and ease of program administration; and protect community's investment in affordable housing.

Incentive: Manatee County will pay 100% of County impact fees, educational facility impact fees, and facility investment fees (FIF) on designated affordable units only.  Impact fees include libraries, public safety, law enforcement, parks and natural resources, schools, multi-modal transportation and administrative surcharge.  Facility investment fees include water and sewer. Expedited review and permitting is provided per F.S. 420.9076.

Process: Through an established application process and execution and recording of Land Use Restriction Agreement (LURA) by developer to establish term of affordability, impact fees and facility investment fees will be administratively paid at time of C.O.

Program Requirements:

  • Unit must be for sale and includes fee simple properties, single family and townhomes.
  • Homebuyer household income must be at or below 120% Area Median Income (AMI).
  • Sales price of unit must not exceed established guidelines set forth in Manatee County's Local Housing Assistance Plan (reviewed every 3 years). 
  • Unit cannot exceed 1,700 square feet.
  • Unit must be located in unincorporated Manatee County.
  • New subdivisions over 18 units shall have no more than 33% affordable units incentived.
  • Maximum total incentives per mixed-income development is $500,000 (Exceptions based on Board approval).
  • LURA term:  10 years.

2)  Livable Manatee Rental Incentive Program :

Goal:  To encourage at least 25% affordable units within a rental, mixed-income developments; establish an efficient process for customer service and ease of program administration; and protect the community's investment in affordable housing.

Incentive: Manatee County will pay 100% of County impact fees, educational facility impact fees, and facility investment fees (FIF) on designated affordable units only.  Impact fees include libraries, public safety, law enforcement, parks and natural resources, schools, multi-modal transportation and administrative surcharge.  Facility investment fees include water and sewer. Expedited review and permitting is provided per F.S. 420.9076.

Process: Through an established application process and execution and recording of Land Use Restriction Agreement (LURA) by developer to establish term of affordability prior to Final Site Plan approval, impact fees and facility investment fees will be administratively paid at time of C.O. per building. Developer's Management Company must submit tenant applications for eligibility determination at time of lease up in accordance to LURA. Once lease up is complete, County will monitor project annually for term of LURA to ensure compliance.

Program Requirements:

  • Rents must not exceed Florida Housing Finance Corporation (FHFC) maximums per bedroom count and income per household size.
  • Mix of low and moderate income units are encouraged.  However, no more than 50% of the affordable set aside can serve between 81-120% AMI.  Remainder of affordable units should serve 80% AMI and below.
  • Projects in the Urban Service Area boundary or within 1/4 mile of MCAT bus route in unincorporated Manatee County, 
  • New construction or conversions allowed. No more than 50% of the total units will be eligible for the incentive.
  • Maximum total incentives per mixed-income development is $500,000 (Exceptions based on Board approval).
  • Land Use Restriction Agreement (LURA) Term:  Projects receiving an incentive up to $100,000 - 15 years; Projects receiving an incentive between $100,001 and $300,000 - 20 years; Projects receiving an incentive greater than $300,001 - 25 years.

Adoption of Resolution R-17-069 is required to establish the Livable Manatee Incentive program for qualified new affordable housing and conversions in unincorporated Manatee County and to establish administrative procedures.

The Affordable Housing Advisory Committee (AHAC) at their July 17, 2017, meeting discussed the conceptual program and recommended approval in support of the Livable Manatee Incentive Program.



County Attorney Review
Formal Written Review (Opinion memo must be attached)

Explanation of Other


Reviewing Attorney
Clague

Instructions to Board Records
Please provide one certified copy of Resolution R-17-069 to Denise L. Thomas, Redevelopment and Economic Opportunity Department, ext. 3474 (denise.thomas@mymanatee.org).

Cost and Funds Source Account Number and Name
184.0020605 Redevelopment & Economic Opportunity / Affordable Hsg. Subsidy

Amount and Frequency of Recurring Costs
$568,037.00 Annually


Attachment:  Livable Manatee Resolution R-17-069 FINAL.pdf
Attachment:  CAO Memo Livable Manatee.pdf
Attachment:  R07-037.pdf
Attachment:  R07-058.pdf