Florida Senate - 2015                          SENATOR AMENDMENT
       Bill No. CS for SB 1214
                              LEGISLATIVE ACTION                        
                    Senate             .             House              

       Senator Clemens moved the following:
    1         Senate Amendment to Amendment (543232) (with title
    2  amendment)
    4         Delete lines 46 - 111
    5  and insert:
    6         unit. Such single-family home ownership units may not be
    7  used for transient occupancy, tourist housing, or vacation
    8  rentals.
    9         (c) The applicant proves that it has site control of the
   10  proposed project site or sites and provides evidence that
   11  infrastructure sufficient to support the project is in place at
   12  the time of application.
   13         (d) Long-term affordability will be imposed by a deed
   14  restriction or by a use restriction agreement which will be a
   15  restrictive covenant to run with the land.
   16         (6) Priority consideration for funding will be provided for
   17  projects that:
   18         (a) Set aside the highest percent of units for workforce
   19  housing.
   20         (b) Require the least amount of program funding compared to
   21  the overall housing cost of the project.
   22         (c) Show evidence of feasibility.
   23         (d) Demonstrate the economic viability of the project.
   24         (e) Include a commitment of first mortgage financing.
   25         (f)Are proposed by a developer with prior experience.
   26         (g)Reflect the developer’s ability to proceed with
   27  construction.
   28         (h) Have support from the local government, as defined in
   29  s. 420.503, or from the district school board, as defined in s.
   30  1003.01, through funding grants, fee waivers, donations of land,
   31  contributions, or other tangible assistance. Such grants,
   32  donations of land, or contributions must be evidenced by a
   33  letter of commitment, agreement, contract, deed, memorandum of
   34  understanding, or other written instrument at the time of
   35  application.
   36         (i) Are consistent with the workforce housing objectives
   37  and strategies in the local comprehensive plan and land
   38  development regulations.
   39         (j) Incorporate one or more of the following design
   40  features: green building principles, energy efficient and water
   41  saving features, storm-resistant construction, or other elements
   42  that reduce the long-term costs relating to maintenance,
   43  utilities, and insurance.
   44         (k)Include a provision for persons with special needs, as
   45  defined in s. 420.0004.
   46         (l)Provide the job-creation rate of the developer and
   47  general contractor, as provided in s. 420.507(47).
   48         (7)The corporation shall administer a separate loan
   49  program that provides loans for down payment and closing cost
   50  assistance to homebuyers who are essential service personnel and
   51  whose income, adjusted for family size, does not exceed 140
   52  percent of area median income for the Florida Keys Area of
   53  Critical State Concern. Such loans shall:
   54         (a)Be in an amount not to exceed 10 percent of the
   55  purchase price. The maximum purchase price may not exceed the
   56  amount established by the U.S. Department of the Treasury for
   57  Monroe County.
   58         (b)Have a term not to exceed 5 years;
   59         (c)Have a zero percent interest rate, and be non
   60  amortizing.
   61         (d)Provide that 20 percent of the loan amount will be
   62  forgiven at the end of each year in which loan payments are made
   63  according to the terms of the loan;
   64         (e)Provide that any remaining balance of the loan will be
   65  due upon sale or transfer or if the property is no longer the
   66  borrower’s homestead property.
   67         (f)Only be available for a residence that will be the
   68  homestead property of the borrower.
   69         (g)Maintain long-term affordability by imposing a
   70  restrictive covenant maintaining the sales price limits in this
   71  subsection.
   72         (8) The corporation may adopt rules to implement this
   73  section. An applicant may not be required to obtain building
   75  ================= T I T L E  A M E N D M E N T ================
   76  And the title is amended as follows:
   77         Delete line 136
   78  and insert:
   79         providing that an applicant may not be required to