Community Development
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CLICK HERE FOR DOCUMENTS TO OBTAIN SHIP ASSISTANCE The William E. Sadowski Affordable Housing Act was signed into law on July 7, 1992 and, subsequently, incorporated into Chapter 420 of the Florida Statutes. This legislation established a dedicated revenue source for affordable housing, benefiting very low, low, and moderate income persons. Local governments receive an annual allocation through the State housing Initiative Partnership (SHIP) Program. Palm Beach County created the Commission on Affordable Housing to implement and develop programs to increase the availability of single family and multi family housing opportunities. For renters, the SHIP Program provides the following financial assistance: Rental Housing Entry Assistance Program - This strategy will provide financial assistance to eligible extremely-low, very-low, and low income households to pay for rental security deposits, utility deposits, and connection fees. Click here for applications and more information on this program.. For homeowners, the SHIP Program provides the following financial assistance:Utility Connection/Impact Fee Program - This program provides up to $10,000 to finance the service initiation and connection fees for a new water and/or sewer service and impact fees on the primary residence of eligible applicants. Purchase Assistance Program - Financial assistance is provided to eligible applicants for the purchase of their first home. The financing may be used as gap financing to buy down the purchase price on a new or existing single family home. The purchase price may include funding for the rehabilitation of an existing property. the amount of assistance depends on the household size and total household income of the applicant. Very low income households can receive up to $75,000, low income households can receive up to $60,000 and moderate income households can receive up to $45,000. Permanent first mortgage financing is required through a private sector financing institution. Click here for more information on how to obtain Purchase Assistance. Foreclosure Assistance Program - This program provides financial assistance to very low and low income homeowners facing foreclosure due to an unexpected loss of household income. The goal of this program is to avoid foreclosure by paying up to six (6) months delinquent mortgage payments (PITI) or $7,500 to assist in bringing the mortgage current. The property must be the primary residence of the homeowner. Click here for more information on this program. Additionally for homeowners, the SHIP PRogram provides financial assistance for home rehabilitation and home replacement: Owner Occupied Rehabilitation Program - This program provides funding to extremely-low, very-low, and low-income homeowners to repair or retrofit eligible single-family owner-occupied units (structures of one to four dwelling units) for the purpose of upgrading substandard property conditions and correcting building and housing code violations. Eligible homes requiring rehabilitation will be renovated to meet the County's applicable building code standards (Mobile homes may be excluded from this program). If the maximum State Housing Initiative Partnership (SHIP) award combined with other public or private dollars is not sufficient to bring a home up to the County's building code standards, the home will not be eligible for assistance under this strategy. Click here for information and application to this program. Single Family Rehabilitations Program - This program provides emergency home repair assistance to eligible very low and low income homeowners to correct code violations and stop additional deteriorations (structures of one to four dwelling units). Mobile homes are excluded from the program. If the maximum award combined with other public and/or private dollars is insufficient to bring a home up to the County's building code standards, the homeowner's application is declined under this program. Replacement Housing Program - This program provides partial financing for the construction or purchase of a new home, to eligible very low and low income elderly, and special needs persons residing in substandard housing. The program strives to preserve Palm Beach County's existing affordable housing stock to make it accessible to low income households in the County. Click here for more information on the Rehabilitation and Replacement Programs. The SHIP Program also provides financial assistance for special needs assistance: Special Needs/Barrier-Free Housing Program - This program provides assistance to very low and low income elderly, and special needs homeowners for housing modifications to address health, safety and barrier problems. Assistance is also available to qualified sponsors of rental housing serving very low and low income elderly and special needs households. Click here for more information on the Special Needs/Barrier-Free Housing Program. Additionally, the SHIP Program provides financial assistance to developers as follows: Single Family Development Assistance Program - This program provides assistance to eligible developers of single family developments serving very low, low, and moderate income households with the goal of increasing the number of affordable owner/occupied housing units available to income eligible residents. This is achieved through a reduction in the purchase price charged by the builder/developer, equivalent to the amount of SHIP funds given. Multi-Family Competitive Rental Development Program - This program provides assistance to eligible developers of rental housing serving very low and low income households. The goal of this program is to increase the number of affordable rental housing units available to very low and low income persons in Palm Beach County. All SHIP assisted units must be occupied by income eligible families. Click here for an application under the Single Family and Multi-Family Development Programs All of the programs funded by SHIP, administered by the Commission on Affordable Housing, are financed with a zero percent interest loan. These loans are secured by a mortgage and promissory note on the property for a period of 30 years. No payment is due as long as the home remains the primary residence of the applicant. If the home is sold; title transferred or conveyed; or the home ceases to be the primary residence of the applicant during the term of the loan, the entire amount of assistance provided will become due and payable. If the loan conditions are not violated, the loan is considered paid in full at the end of the 30 year mortgage period. Financing for developers varies by program. Information on the various programs can be obtained from the Department of Housing and Community Development by contacting us at (561) 233-3655, (561) 233-3660, or by mailing a request to: The Commission on Affordable Housing
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