Goals
- Encourage at least 25% affordable housing units within rental, mixed-income developments.
- Establish an efficient process for customer service and ease of program administration.
- Protect the community’s investment in affordable housing.
- Ensure Compliance with State and County guidelines applicable for affordable housing development.
Incentive: 80% and Below Area Median Income
- Manatee County will pay 100% of impact fees (including education fees) and Facility Investment Fees (FIF) on the designated affordable units only. Impact fees include Libraries, Public Safety, Law Enforcement, Parks and Natural Resources, Schools, Multi-modal Transportation, and the administrative surcharge. Facility Investment Fees includes potable water FIF and wastewater FIF.
- Expedited review and permitting per Florida Statutes 420.9076
LURA terms for this incentive: Affordability Period
- Projects receiving incentives up to $250,000, LURA is for 25 years from project completion.
- Projects receiving more than $250,000 and less than $500,000 in incentives, LURA is for 30 years from project completion.
- Projects receiving incentives greater than $500,000, LURA is for 50 years from project completion.
INCENTIVE: 81% - 120% AREA MEDIAN INCOME
Manatee County will provide:
- Site Improvements
- Density Bonus
- Expedited review and permitting per Florida Statutes 420.9076
Affordability Period:
LURA term is for 20 years from project completion.
PROCESS
- Developer submits an Affordable Housing Scoping Meeting Request and Designation application prior to Site Plan application to Development Services through Neighborly. Click Here
- Affordable housing designation application reviewed, approval letter with rapid response certificate issued and reservation of funding occurs subject to Developer having C.O. within two years.
- LURA* is recorded prior to approval of Final Site Plan (FSP).
- County pays for impact fees and FIF at CO per building (administrative process) for 80% AMI and below.
- Developer’s Management Company submits tenant applications to Community and Veterans Services (CVS) for tenant approval at time of lease up with supportive documentation for income eligibility determination and
approval of tenant in accordance with terms of LURA.
- Once lease up is complete as specified in LURA, County monitors project annually for term of LURA*
*Note: If other incentives apply, most restrictive term for LURA takes precedence.
Program Requirements
- Rents do not exceed Florida Housing Finance Corporation (FHFC) maximums per bedroom count and income for household size. Click Here
- Development must serve 120% AMI and below (very-low, low, and moderate income households).
- Projects in the Urban Service Area boundary or unincorporated Manatee County.
- New construction preferred; residential conversions allowed.
Land Use Restriction Agreements: Affordability Periods
- Projects not receiving a Dollar Value Incentive, LURA is for 20 years from project completion.
- Projects receiving incentives up to $250,000, LURA is for 25 years from project completion.
- Projects receiving more than $250,000 and less than $500,000 in incentives, LURA is for 30 years from project completion.
- Projects receiving incentives greater than $500,000, LURA is for 50 years from project completion.