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Housing and Community Development

 

State Housing Initiative Partnership (SHIP)

The State Housing Initiatives Partnership (SHIP) Program provides funds to produce and preserve affordable housing through the creation of a partnership between the public and private sectors. The funds are derived from the collection of documentary stamp tax revenues, which are deposited into the Local Government Housing Trust Fund. based on a population-based formula, SHIP funds are distributed to local governments each month.

The Florida Statutes set forth that a minimum of 65% of SHIP funds be spent on eligible homeownership activities. The Statutes also state that a minimum of 75% of funds must be spent on eligible construction activities. The program was designed to serve very low, low, and moderate-income families. At least 30% of each annual SHIP allocation must be reserved for very low-income households; 30% must be reserved for low-income households; and the remaining 30% may be reserved for moderate-income households. The program allows local governments to use up to 10% of each annual allocation for the administration of the program.

As a requirement to receiving SHIP funds, the local government must adopt a Local Housing Assistance Plan (LHAP), which sets forth the strategies and criteria for administering the program for a period of up to three years. During the Fiscal Year 2004-2005 (July 1, 2004 through June 30, 2005), the City expects to receive $1,502,988. The funds will be distributed to fund the following strategies:

New Construction

Down Payment Assistance Program
Land & Building Acquisition for Homeownership
Owner-Occupied Housing Rehabilitation
Neighborhood Revitalization and Housing Rehabilitation
Impact Fee Grant Program
Multi-Family Rental Housing Acquisition and
Rehab/Redevelopment
Post Disaster Recovery Strategy
Foreclosure Prevention Strategy

Applications

Projects    

Local Housing Assistance Plan        

  
Contact:

Frances DeJesus 407-246-3413

 

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Housing Department

One City Commons
6th Floor
400 S. Orange Ave.
P.O. Box 4990
Orlando, FL  
32802-4990
Phone
407-246-2708
Fax
407-246-3055
 

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