Subject:
Title
Pinellas County Housing Trust Fund Program: 2019 Annual Report.
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Recommended Action:
Recommended Action
Recommend the Board of County Commissioners (BCC) receive and file the 2019 Annual Report on the Pinellas Community Housing Trust Fund program from the Housing Finance Authority of Pinellas County.
• The Housing Finance Authority of Pinellas County (HFA) administers the housing trust fund program through an interlocal agreement with the BCC.
• The BCC has allocated a total of $20,529,930.00 to the housing trust fund since program inception in 2006.
• The BCC did not provide new funds to the Housing Trust Fund in 2019. A total of $3,166,662.00 was available, including program income and prior year carryforwards from participating jurisdictions.
• A total of $712,148.53 was expended to assist 61 households (7 households were <50% AMI, 39 households were <80% AMI and 15 households<120%). 8 of the 61 households were special needs.
• Other accomplishments since last year’s annual report include: City of Clearwater produced 1 new single-family unit and the HFA provided down payment and closing cost assistance for 52 first-time homebuyers.
• An independent audit was completed for the year ending September 30, 2019, and no significant deficiencies, material weaknesses or instances of noncompliance were identified. An unqualified opinion will be issued, and the audit will be filed with the Clerk of the Circuit Court.
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Strategic Plan:
Ensure Public Health, Safety and Welfare
2.2 Be a facilitator, convener and purchaser of services for those in need
Foster Continual Economic Growth and Vitality
4.2 Invest in communities that need the most
Deliver First Class Services to the Public and Our Customers
5.1 Maximize partner relationships and public outreach
5.2 Be responsible stewards of the public’s resources
Summary:
Summary
The Housing Finance Authority of Pinellas County (HFA) administers the Pinellas Community Housing Trust Program through an interlocal agreement. The attached report covers Fiscal Year 2019.
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Background Information:
N/A
Fiscal Impact:
N/A
Staff Member Responsible:
Kathryn Driver, Executive Director, Housing Finance Authority of Pinellas County
Partners:
Housing Finance Authority of Pinellas County
Attachments:
2019 Pinellas Community Housing Trust Fund Program Annual Report