Subject:
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Affordable Housing Funding Agreements for The Arc Tampa Bay, Inc. for renovations at the Anclote Group Home.
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Recommended Action:
Recommended Action
Approval and execution by the County Administrator of funding The Arc Tampa Bay, Inc. (ARC) for renovations at the Anclote Group Home.
• The funding recommendation for the Anclote Group Home is $115,000.00 utilizing State Housing Initiatives Partnership (SHIP) funds for renovations.
• The project located at 1022 Anclote Drive, Tarpon Springs, FL 34689 is a six (6) unit existing multifamily residential property that serves individuals with special needs and incomes less than 50.0% of the Area Median Income (AMI).
• Execution of a Land Use Restriction Agreement (LURA) is required and will impose a 30-year affordability period.
• The total project cost is estimated to be $115,000.00. Renovations include HVAC replacement, generator installation, 3 bathroom renovations, flooring and door replacement.
• Authority for the County Administrator to sign these Agreements is granted under Resolution No. 21-22 and section 2-62 of the County Code.
• Funding will be a no interest, no payment, forgivable loan.
• Funding for this request is included in the Fiscal Year 2026 (FY26) Adopted Budget of the Housing and Community Development (HCD) Department in the SHIP Fund.
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Strategic Priorities:
3.1 Increase the availability of attainable housing.
Summary:
ARC applied for $130,000.00 of affordable housing funding for the Anclote Group Home. After review, staff negotiated the funding needed amount to be $115,000.00. The project is for renovations within a multifamily residential property for individuals with special needs. The property is located at 1022 Anclote Drive, Tarpon Springs, Florida 34689.
SHIP funds will be used to fund the project. The project meets SHIP eligibility requirements and will serve a SHIP target population. Funding will be provided with a no interest, no payment, forgivable loan, provided ARC remains in compliance with the restrictions for the term of the affordability period.
Execution of the LURA will restrict one (1) unit for persons with incomes less than 50.0% AMI for the duration of the 30-year affordability period.
Background/Explanation:
The SHIP Program provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing. The program is designed to serve very low-, low- and moderate-income families.
Fiscal Impact:
Total maximum loan amount is $115,000.00, which includes estimated recording fees for the loan documents. Funding for this request is included in the current year budget of the HCD Department in the SHIP Fund. Funding will be in the form of a forgivable loan.
Delegated Authority:
Authority for the County Administrator to sign these Agreements is granted under Resolution No. 21-22 and section 2-62 of the County Code.
Staff Member Responsible:
Gregg Mims, Director, Housing and Community Development
Bruce Bussey, Community Development Manager, Housing and Community Development
Partners:
N/A
Attachments:
Agency Agreement
Land Use Restriction Agreement
Mortgage and Note
Resolution No. 21-22