Affordable Housing The Hillsborough County’s Affordable Housing Service’s mission is to Improve the quality of life for Hillsborough County residents through providing Affordable Housing, Community Development, and Economic Opportunities while delivering the highest level of service.
Our ur Value t e to o Hillsbor boroug ough Coun County Develop and maintain relationships with Community partners to provide Multi-Family and Single Family housing preservation, rehabilitation, and new construction activities to ensure long term sustainability and compliance for low to moderate income households. Partner with internal and external community organizations to provide services that improve the quality of life for at risk families and individuals. Partner with community organizations to create, sustain and provide access to public facilities, infrastructure and other community assets that benefit low and moderate income citizens.
A Five Year Snapshot Federal and State: Budget Years 2013 – 19 Revenues Expenditures Total 5-Year Funding: $54,974,632 Total federal funding over five years $54,974,632 Administration and Planning $6,693,791 Other HOME, 12% $1,802,180 $12,364,770 ESG, 3% 23% $2,298,672 4% Public Facilities and Infrastructure Improvements $17,642,942 32% SHIP, $8,326,185 15% Housing $23,436,967 43% CDBG, $31,985,005 58% Public Services $5,398,752 10% 7 3
Sweetwater er Vi Villas Ca Capi pital I Investment Hillsborough County HOME $ 4,500,000 First Mortgage $ 1,800,000 Tax Credit $ 4,502,949 Deferred Developer Fee $ 522,868 Total Sources $11,325,817 4% Tax Credit Carrollwood 56 Units 4
Laburnu num G Gar ardens ns Budg Budget Hillsborough County SHIP $275,000 First Mortgage $1,800,000 Tax Credit $14,908,509 Deferred Developer Fee $ 752,778 Total Sources $17,736,287 9% Tax Credit Valrico 81 Units 5 60% and below MFI
Key Su Sustainability & & Per erformance ce M Metrics cs In FY 2019, Affordable Housing Services assisted 8,983 families and expended a total of $10,440,900 • It costs approximately $5.76 per household in personnel and operating costs for Affordable Housing Staff to provide Public Facilities and Infrastructure projects to be able to provide services and access to community improvements for low to moderate income areas. • It costs approximately $1.03 per household in personnel and operating costs for Affordable Housing Staff to provide Public Services to be able to improve the quality of life for low to moderate income persons. • It costs approximately $28.34 per household in personnel and operating costs for Affordable Housing Staff to provide Multi-Family housing preservation and new construction activities to ensure long term sustainability and compliance for low to moderate income families. • It costs approximately $10.42 per household in personnel and operating costs for Affordable Housing Staff to provide Single Family housing preservation, rehabilitation, and new construction activities to ensure long term sustainability and compliance for low to moderate income families.
Su Succe cess St Story Home Preservation • Ms. Collins- a 75 year old resident of Plant City, lived in the same home for 40 years. The home that she loved and raised her children in was falling down around her. The roof leaked and the home flooded when it rained. Through the County’s Demo-Rebuild program, and with the help of Rebuilding Together Tampa Bay, Ms. Collins now resides in a new home that is safe, free of rain, and is one that she is proud to own. Ms. Collins has a zero percent, no payment mortgage on the property.
Laburnu num G Gar ardens ns This development is a 55 and older senior community located in Valrico. The brand new 81 unit is a mix of one and two- bedroom apartment homes that are affordably priced for those with limited incomes. With the assistance of $275,000 in State SHIP funding and Low Income Housing Tax Credits the units will remain affordable to those earning below 60% AMI. Residents moved in in May of 2019 and have access to amenities such as the fitness center, computer lab, community room and nearby local restaurants and transportation.
Ce Cedar ar P Poi oint
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