Florida Senate - 2015 SENATOR AMENDMENT
Bill No. CS for SB 1214
Ì252538:Î252538
LEGISLATIVE ACTION
Senate . House
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Senator Clemens moved the following:
1 Senate Amendment to Amendment (543232) (with title
2 amendment)
3
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
74
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