SUBJECT/RECOMMENDATION:
Title
Certify Habitat for Humanity of Pinellas County, Inc. as a City of Clearwater Community Housing Development Organization (CHDO) and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
A Community Housing Development Organization is a private, non-profit, community-based service organization whose primary purpose is to provide and develop decent, affordable housing for the community it serves. To assist in achieving these purposes, the City of Clearwater, under the HOME Investment Partnership (HOME) Program, must reserve not less than 15% of their HOME allocations for investment in housing to be developed, sponsored, or owned by a CHDO.
Habitat for Humanity of Pinellas County, Inc. (Habitat) is a Florida not for profit corporation under Florida law. Habitat is a tax-exempt organization under Section 501(c)(3) acting as incorporator of a corporation pursuant to Chapter 617, Florida Statutes established with the purpose to serve as a CHDO and as such, to develop integrated affordable housing for low and moderate-income people with the guidelines of the HOME Program.
Habitat has built over 300 homes in Pinellas County since beginning construction efforts in 1985. Over 80 homes are located in Clearwater. Properties purchased with any money by the City will remain affordable for a minimum of 20 years and will assist in stabilizing neighborhoods and provide a continuing source of quality affordable homes. Habitat will sell 100% of their units to households at or below 80% of the area median income.
APPROPRIATION CODE AND AMOUNT:
N/A
USE OF RESERVE FUNDS:
N/A