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R15-140 1 RESOLUTION NO. R15 -140 2 3 A RESOLUTION OF THE CITY OF BOYNTON BEACH, 4 FLORIDA; SUPPORTING NEIGHBORHOOD 5 RENAISSANCE, INC., APPLYING TO THE STATE OF 6 FLORIDA FOR ITS TAX CREDIT PROGRAM; 7 CERTIFYING THAT PROJECTS OF THE AGENCY ARE 8 CONSISTENT WITH THE GOALS AND OBJECTIVES OF 9 THE CITY OF BOYNTON BEACH'S HOUSING ELEMENT 10 OF ITS COMPREHENSIVE PLAN, LOCAL HOUSING 11 ASSISTANCE PLAN, AND ITS COMMUNITY 12 DEVELOPMENT CONSOLIDATED ACTION PLAN; AND 13 PROVIDING FOR AN EFFECTIVE DATE. 14 15 WHEREAS, it is necessary and in the public interest that the City of Boynton Beach 16 certify that the Neighborhood Renaissance, Inc. Homeownership Program for Boynton Beach 17 is consistent with policies and goals adopted under the consolidated plan and housing 18 assistance plan, the comprehensive plan, and land development regulations in order to 19 comply with the provisions of the Community Improvement Act of 1980, and for purposes of 20 qualifying for the Community Contribution Tax Credit; and 21 WHEREAS, the Community Development Block Grant (CDBG) income eligible 22 areas have been designated as specifically targeted neighborhoods by the City of Boynton 23 Beach; and 24 WHEREAS, the Neighborhood Renaissance, Inc., Homeownership Program is one of 25 several. The Neighborhood Renaissance, Inc. Homeownership Program is designed to offer 26 home ownership to low income residents whose incomes do not to exceed 80% AMI, in an 27 effort to stem further decline in the CDBG income eligible areas; and 28 WHEREAS, the Neighborhood Renaissance, Inc. Homeownership Program is 29 committed to working with other local partners with programs designed to offer home 30 ownership to low income residents whose incomes do not exceed 80% AMI in furtherance of (00098510.1306- 9001821 31 the desires and goals of the City of Boynton Beach; and 32 WHEREAS, the Community Improvement Act of 1980, requires that a resolution be 33 passed by the local government certifying that the Neighborhood Renaissance, Inc. 34 Homeownership Program for Boynton Beach is consistent with local plans and regulations; 35 and 36 WHEREAS, the Neighborhood Renaissance, Inc., and the City of Boynton Beach are 37 desirous of the benefit from this program to inure to the low income residents of Boynton 38 Beach Community Development Block Grant target area as described in the program 39 narrative. 40 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 41 THE CITY OF BOYNTON BEACH, FLORIDA, THAT: 42 Section 1. The foregoing "WHEREAS" clauses are true and correct and 43 hereby ratified and confirmed by the City Commission 44 Section 2. The Neighborhood Renaissance, Inc. Homeownership Program 45 complies with the initiatives to improve housing within the CDBG income eligible areas as 46 designated by the City Commission of City of Boynton Beach, Florida. This resolution shall 47 be forwarded to the State of Florida, Department of Economic Opportunity, to enable 48 Neighborhood Renaissance, Inc., to participate in the State of Florida's Community 49 Improvement Act of 1980. 50 Section 3. That this Resolution will become effective immediately upon passage. 51 100098510.1 306 - 9001821 } 52 53 PASSED AND ADOPTED this 17` day of November 2015. 54 55 56 CITY OF BOYNTON BEACH, FLORIDA 57 58 YES NO 59 60 Mayor — Jerry Taylor 4/ 61 62 Vice Mayor — Joe Casello 63 64 Commissioner — David T. Merker 65 66 Commissioner — Mack McCray 67 681 Commissioner — Michael M. Fitzpatrick ✓ 69 70 71 ( VOTE ,> D 72 73 ATTEST: 74 75 W1 • 76 rt-4(4-t- Pita A ■;( Ato 77 et M. Prainito, MMC 78 ity Clerk 79 ` Ty0 F. 80 81 82 ( .. : Seal) 83 0 TO N {00098510.1 306 - 9001821 ) COMMUNITY CONTRIBUTION TAX CREDIT PROGRAM SPONSOR PROJECT APPLICATION NAME OF ORGANIZATION Neighborhood Renaissance, Inc. MAILING ADDRESS 510 24 Street, Suite A, West Palm Beach, FL 3307 FEDERAL EMPLOYER 65- 0352279 IDENTIFICATION NUMBER FLORIDA SOLICITATION OF CONTRIBUTIONS ACT REGISTRATION NUMBER CH15065 (DEPARTMENT OF AGRICULTURE) CONTACT PERSON Terri Murray TITLE Executive Director PHONE 561 - 832 -6776 ext. 102 FAX 561 - 832 -0483 E -MAIL ADDRESS tmurray @neighborhoodrenaissance.org ORGANIZATION'S www.neighborhoodrenaissance.org WEB SITE ADDRESS NAME OF PROPOSED Boynton Beach Home ownership Program PROJECT PROJECT LOCATION Target Areas which include the following Census Tracts: 56.00, ADDRESS 57.01, 57.02, 61.00, 62.01, 62.03, 63.03 60.03 and 63.00. (IF DIFFERENT) Sponsor Project Application Page 1 of 4 PLEASE INDICATE YOUR ELIGIBILE ORGANIZATIONAL TYPE A community action program A nonprofit community -based development organization whose mission is the provision of housing for low- income or very -low- income households or increasing entrepreneurial and job - development opportunities for low- income persons A neighborhood housing services corporation A local housing authority, created pursuant to chapter 421 A community redevelopment agency, created pursuant to s. 163.356 A historic preservation district agency or organization A regional career source board A direct - support organization as provided in s. 1009.983 An enterprise zone development agency created pursuant to s. 290.0056 A community -based organization incorporated under chapter 617 which is recognized as educational, charitable, or scientific pursuant to s. 501(c)(3) of the x Internal Revenue Code and whose bylaws and articles of incorporation include affordable housing, economic development, or community development as the primary mission of the corporation Unit of local government Unit of state government PLEASE INDICATE TYPE YOUR ELIGIBLE PROJECT TYPE Provide, construct, improve or substantially rehabilitate housing for low- income persons Provide, construct, improve or substantially rehabilitate homeownership opportunities for low- income persons Provide, construct, improve or substantially rehabilitate housing for persons with special needs Provide commercial resources and facilities in an enterprise zone or a Front Porch Florida Community Provide industrial resources and facilities in an enterprise zone or a Front Porch Florida Community Provide Public resources and facilities in an enterprise zone or a Front Porch Florida Community Improve entrepreneurial opportunities for low- income persons in an enterprise zone or a Front Porch Florida Community Improve job development opportunities for low- income persons in an enterprise zone or a Front Porch Florida Community Increase access to high -speed broadband capability in rural communities with an enterprise zone Sponsor Project Application Page 2 of 4 SPONSOR ELIGIBILITY DOCUMENTATION PLEASE INDICATE DOCUMENTS THAT ARE ATTACHED x Copy of the organization's Articles of Incorporation x Copy of the organization's By -Laws x Copy of the Florida Division of Corporation's Registration Certificate x Copy of the Internal Revenue Service eligibility letter Other documentation of sponsor eligibility PROJECT NARRATIVE The sponsor must submit a project narrative that briefly and clearly describes the following aspects (please label each aspect accordingly): A Describes the eligible project — see attached B Lists the types of donations sought — see attached C Identifies the uses for donations — see attached D Estimates the total project cost — see attached E Estimates the number of jobs (if applicable) NA F Estimates the completion date of the project (if applicable) NA DOCUMENTATION OF AREA ELIGIBILITY The sponsor of a "community development" project must submit documentation that the proposed project is located within a state designated Enterprise Zone or Front Porch Florida Community. Please indicate name of EZ or Brownfield and attachment Enterprise Zone Name: NA Letter Map Front Porch Community NA Letter Map Please note: Projects designed to provide housing for low- income persons are not required to be located within an Enterprise Zone. Sponsor Project Application Page 3 of 4 • LOCAL GOVERNMENT RESOLUTION The sponsor must submit a certified copy of a resolution from a local government (where the project is located) stating that the proposed project is "consistent with local plans and regulations (including comprehensive plans) ". Name of City or County Council or Commission: Resolution Number: Resolution Date: The undersigned person hereby affirms that he or she has been duly authorized and empowered to verify, execute and deliver this Application, that he or she has read this Application (including all attachments hereto) and he or she has knowledge of all of the facts stated herein, and that this Application, and all information submitted in connection herewith, is complete and accurate and contains no misstatements, misrepresentations, or omissions of material facts, to the best of his or her knowledge and belief. Signature Name Title Organization Date Please mail this application and attachments to: Burt Von Hoff Florida Department of Economic Opportunity Division of Strategic Business Development 107 East Madison Street; MSC 80 Tallahassee, Florida 32399 Phone: 850/717 -8974; FAX: 850/410 -4770 E -MAIL: burt.vonhoff@deo.myflorida.com WEB: www.florida.jobs.org Sponsor Project Application Page 4 of 4 Neighborhood Renaissance, Inc. Home ownership Program for Boynton Beach Project Narrative A. Project Description The Neighborhood Renaissance, Inc. program offers home ownership for low- income families throughout targeted areas for the City of Boynton Beach, which includes the census tracts located within the Northeast and Southeast quadrants of the city: 56.00, 57.01, 57.02, 61.00, 62.01, 62.03, 63.03 60.03 and 63.00. This will be a long term (3 -5 year) focused effort to eliminate existing substandard residential properties and to build and renovate quality homes to be sold to low- income home buyers. A typical home will have 3 bedrooms, 2 bath and will consist of quality construction materials to ensure durability for the purchasers, will include kitchen appliances, and, fully landscaped with irrigated yards making the homes move -in ready. The features intended to be included in the design of the development include: • Eco- Friendly architectural design to minimize energy use by the homeowner • Use of renewable and easily accessible building materials therefore minimizing the overall environmental impact of the development • Drought resistant landscaping with grouping of plants with similar water needs and strategic placement to facilitate cooling of the home • Preservation or donation of existing vegetation and top soil at the development site when possible • Installation of low -flow water fixtures and alternative flooring, i.e. minimal use of carpeting • Inclusion of Energy Star and other high energy efficient appliances In addition to scattered -site infill new construction, Neighborhood Renaissance will also identify troubled properties that can be rehabilitated and reclaimed as quality affordable homes for low- income families. The renovated single - family properties will meet or exceed FHA Housing Quality Lending standards or local building codes, whichever is more rigorous. Whenever possible the homes will be retrofitted to maximize energy efficiency and include Energy Star or other high energy efficient appliances as well as incorporate green standards. All work will be warrantied for a minimum term one -year. The benefits of quality, energy efficient reconstruction to low- income families assures that the homes will be durable requiring less maintenance and repairs over time as well as lower utility bills. B. Type of Donations Sought: • Cash contributions or other liquid assets; • Real property; • Goods or inventory; or • Other physical resources as identified by the Department of Economic Opportunity. C. Uses for Donations Donations will be used to pay for project development, impact, and management fees for the provision, construction or rehabilitation of homes for low- income home buyers; down payment and closing costs; housing counseling and marketing fees (not to exceed 10 percent of the donation); and the removal of liens recorded against residential property by municipal, county, or special- district local governments. D. Estimate of Total Project Cost: $5,847,735 Scattered Site Infill Construction The estimated cost of Phase 1, the new construction of two homes to be built in Poinciana Gardens is $479,698 ($239,849 per home). Assuming the completion of three new homes per year, we estimate the new construction activity cost to be approximately $3,597,735 over a five year period. Scattered Site Acquisition & Rehabilitation The estimated average cost to purchase, rehabilitate and convey an existing single - family home in the Boynton Beach Community Development target areas is approximately $150,000 per structure. Assuming the completion of three homes per year, we estimate that the acquisition /rehab activity cost to be $2,250,000 over a five year period. E. Number of jobs: N/A F. Project completion date: N/A 10/28/15