CDBG 2018 eCITY OF BOYNTON BEACH
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`�` CommunityAGENDA Improvement Division
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Community Development Block Grant
Public.Participation Meeting
April 18, 2018 5:00 p.m.
City Hall Chambers 100 East Boynton Beach Blvd.
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I. Opening
A. S. Lashea Brooks, Community Improvement Specialist
II. - Overview of CDBG Program
A. Introduction of Current Sub-Recipients and Brief Program
Description
B. History— PowerPoint Presentation
III. Application Process.
A. Application submittal:- one [1] hard copy original and.one.[1]
electronic copy
B. Application Submission Deadline
May 11, 2018 at 4o3Opm
IV. Public Comments or Questions
V. • Adjournment
$:COMMUNITY IMPROVEMENT\CDBG\2018-2019\AGENDA PUBLIC INPUT 4 18 18.DOCX
City Of Boynton Beach, Florida
Community Improvement Division
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HOME IMPROVEMENT ASSISTANCE PROGRAM
Program Eligibility Criteria
• A second mortgage with 0% interestdeferred loan for fifteen (15) year with a forgiveness at the
end of the term. Payment shall be deferred until one of the following events occur: Sale of the
property, transfer of property, property is no longer owner occupied, or terms has expired
• Property must be located within the City limits of Boynton Beach Florida
• Household members must be at or below 80% of the Palm Beach County Area Median Income
limits adjusted by family size,which is subject to periodic changes by U.S. Department of Housing
and Urban Development.(HUD)
• Owner(s) cannot hold title to anyother.property
• Owner(s) must maintain and occupy house as their primary residence for fifteen years
• Property must be Homesteaded
Eligible Repairs May InclUde:
Ceiling Doors
Electrical Windows
Handicap.Accessibility Hot Water Heaters
Insulation Plumbing.
Roof Structural
Termite Damage Toilets
Walls Other repairs may be eligible:
All applications are reviewed on a case-by-case basis:Code violations, health, and safety issues are the main
priorities for receiving assistance.
2018 INCOME LIMITS
HOUSEHOLD SIZE MAXIMUM ANNUAL INCOME
1 $43,050
2 $49,200
3 $55,350
4 $61,500
5 $66,450
6 $71,350
7- $76,300 8 $81,200
Source:HUD Income Limits are adjusted annually
For More Information, Please Contact:
Community Improvement Division
561-742-6066 ti
Email: BrooksL@bbfl.us EQUAL HOUSING
OPPORTUNITY
The City of Boynton Beach seeks to provide equal access to its programs, services and activities for people with disabilities.
Reasonable prior notice is required to arrange accommodations.
Revised 4-18-18
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City Of Boynton Beach, Florida (,..z,,_,-,
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Community Improvement Division o � {c„
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: STATE HOUSING=INITIATIVE PARTNERSHIP PROGRAM (SHIP)
Down Payment and Closing Cost Purchase Assistance Program
-Program Eligibility Criteria -
:• SHIP funding is provided as a subordinate second mortgage with 0%:interest deferred loan
for fifteen (15) yearwitha forgiveness at theendof.the term: Payment shall be deferred
until one of the following events occur: Sale of the property, transfer ofproperty, property is.:
: ' no longer owner occupied, or terms has expired
+ Property must be located within the.City limits of Boynton Beach Florida
Property must be single-family, town homes or,condominiums (mobile hooves are.ineligible). :
Maximum Purchase/Sales Price is $215,000.00 '
,Property must meet City of:Boynton minimum housing quality standards and be inspected
and approved by Community Improvement Division Construction Coordinator.
: + Household members must be at or below 120% of the Palm.Beach County Area Median
Income limits adjusted by family size, which is subject to periodic changes by U.S.
Department of Housing and Urban.Development (see.2017 income limit chart)
Homebuyer(s) must be a first time homeowner or have .not owned a home within last three.. .
(3) years
Homebuyer(s) must secure a fiirst.mortgage:from an approved lender .:
First Mortgage must bea fixed rate:loan product.. No Adjustable Rate Mortgages`(ARM), pre-
payment penalty,'negative amortization: or balloon loans
+ Hormebuyer(s) must complete an 8 hour HUD Approved First Time Homebuyer's Education
Class prior to receiving SHIP assistance.
• Homebuyer(s)'are required to contribute a minimum of three and half.(3.0%):percent of
their own funds in the transaction (3.0% cannot:be gifted funds) • :
+ Homebuyer(s) are requiredto reside in the property
2018 INCOME LIMITS.
1 person 2 persons : 3 persons 4 persons 5 persons ' 6:persons . 7 persons 8 persons
Extremely Low-
• Income 30% $16,150' $18,450 $20,780 $25,100 $29,420. $33,740. $38,060 $42;380
Median: . - . • .
Very Low-Income
50%Median $26,950 $30,800 $34,650 $38,450_ $41,550` $44,650 $47,700 $50,800
Low-Income .
80%Median $43,050 _ $49,200 $55,350: $61,500: $66,450 : 71,350, $76,300 : $8 ,200
. Moderate
:Income $64;680 $73,920 . $83,160 $92,280 $99,720. $107,160 $114,480 $121,920 .
120%Median .
Source:HUD Income Limits are adjusted annually. Fiscal Year 2018 Palm Beach County Median.Income=:$74,300
For More Qualifying Information
Please Contact:
iii
The Boynton Beach Faith-Based CDC
2191 N: Seacrest Blvd.
Boynton Beach, Florida 33435
OPPORTUNITY - Phone: 561-752-0303. .
Or. '
: City of Boynton.Beach . -
561-742-6066;Email: BrooksL@bbfl.us
PALM BEACH COUNTY INCOME GUIDELINES
2018 INCOME LIMITS
1 person 2 persons 3 persons 4 persons 5 persons 6 persons 7 persons 8 persons
Extremely Low-
Income 30% $16,150 $18,450 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
Median
Very Low-Income $26,950 $30,800 $34,650 $38,450 $41,550 $44,650 $47,700 $50,800
50%Median
Low-Income $43,050 $49,200 $55,350 $61,500 $66,450 $71,350 $76,300 $81,200
80%Median
Moderate
Income $64,680 $73,920 $83,160 $92,280 $99,720 $107,160 $114,480 $121,920
120%Median
Source:HUD Income Limits(subject to change annually)
Fiscal Year 2018
Palm Beach County Median Income=$74,300
HUD Released: 3/30/2018
FHFC Posted: 4/9/2018