Coalition of Affordable Housing Providers Housing is Key to Economic Recovery: Affordable Housing = Jobs

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1 Coalition of Affordable Housing Providers Housing is Key to Economic Recovery: Affordable Housing = Jobs

2 CAHP Supports the Appropriation of $175.2 Million in Sadowski Housing Funds for Florida s Housing Programs We support the following allocations: $127 million for the State Housing Initiatives Partnership (SHIP) program, which funds local affordable housing initiatives and can be used for rehabilitation and renovation of homes for seniors, families and the disabled $48 million for Florida Housing Finance Corporation (FHFC) programs including the State Apartment Incentive Loan (SAIL) program, which provides needed gap financing for federal multifamily financing programs such as the Housing Tax Credit Program

3 Affordable Housing Programs are Essential to Economic Growth The appropriation of $175.2 million in the state and local housing trust funds in Fiscal Year into Florida's housing programs will create 13,470 jobs and $1.341 BILLION in positive economic impact in Florida.* Create new jobs for construction, management and other businesses Put Florida s out-of-work housing industry back to work repairing homes and improving the real estate market Provide safe and affordable housing for cost burdened Floridians *$175.2 million based upon documentary stamp projection of $147.3 million (August 2012 revenue estimate) plus balance in housing trust funds as of July 1, $175.2 million is the appropriation amount requested by FHFC for FY

4 Affordable Housing = Jobs Northwest Gardens, Fort Lauderdale, FL Brownsville Transit Village, Miami, FL Step Up Program Cabinet Maker, Fort Lauderdale, FL Northwest Gardens, Fort Lauderdale, FL

5 More than Buildings Affordable Housing Benefits Families Computers, After School Programs, Fitness, Education The Landings at Timberleaf, Orlando, FL Sundance Pointe, Jacksonville, FL Kensington Gardens, Riverview, FL

6 Benefitting Children After School Programs provide supervision for working families Bennett Creek, Jacksonville, FL Booker Creek, St Petersburg, FL

7 And Serving Seniors Community Rooms, Exercise, Wellness Services & Organized Activities Community Garden at Dixie Court, Ft. Lauderdale, FL Grand Reserve, Zephyrhills, FL Vista Grand at Spring Hill, Spring Hill, FL

8 Acquisition/Rehab: Before and After Northwest Gardens I (pre-renovation), Ft. Lauderdale, FL Mayfair Village Apartments (pre-renovation), Jacksonville, FL Northwest Gardens I (post-renovation), Ft. Lauderdale, FL Mayfair Village Apartments serving the homeless (post-renovation), Jacksonville, FL

9 New Construction Hunt Club, Tampa, FL Vista Mar, Miami, FL Pinnacle at Hammock Square, Lynn Haven, FL Cypress Cove, Winter Haven, FL

10 Redevelopment of Public Housing Gulf Breeze Apartments, Punta Gorda, FL Renaissance Preserve, Ft. Myers, FL Northpark at Scott Carver, Liberty City, FL Northpark at Scott Carver, Liberty City, FL

11 Southeast Florida Pinnacle at Avery Glen, Sunrise, FL Brownsville Transit Village, Miami, FL Town Park Crossing, Davie, FL Veranda Apartments, Miami, FL

12 Central Florida Fountains at Millenia, Orlando, FL Fountains at San Remo Court, Kissimmee, FL Covington Club, Oviedo, FL Hammock Harbor, Rockledge, FL

13 West Central Florida Vista Grand, Spring Hill, FL Cristina Woods, Tampa, FL Journet Place, New Port Richey, FL Fountains on Falkenburg, Riverview, FL

14 Northeast Florida Mission Pointe, Jacksonville, FL Bennett Creek, Jacksonville, FL Beach Village, Palm Coast, FL Rosalind Villas, Jacksonville, FL

15 Northwest Florida Pinnacle at Hammock Square, Lynn Haven, FL Pinnacle at Hammock Square, Lynn Haven, FL Palafox Landing, Pensacola, FL Palafox Landing, Pensacola, FL

16 CAHP Supports the Appropriation of $175.2 Million in Sadowski Housing Funds for Florida s Housing Programs We support the following allocations: $127 million for the State Housing Initiatives Partnership (SHIP) program, which funds local affordable housing initiatives and can be used for rehabilitation and renovation of homes for seniors, families and the disabled $48 million for Florida Housing Finance Corporation (FHFC) programs including the State Apartment Incentive Loan (SAIL) program, which provides needed gap financing for federal multifamily financing programs such as the Housing Tax Credit Program

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