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FORM 2: Rents and Compliance Summary Submittal Date: 8/23/2005
<br /> Section 420.9075(b), (c), (d), (g), F.S. Fiscal Year : 2003-2004
<br /> FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT
<br /> Name of Local Entity: Indian River County
<br /> Table A`Rental Unit Information
<br /> RENTAL RATES - ACTUAL
<br /> It rents very for the same unit, enter greatest amount
<br /> A B C D E
<br /> STRATEGY DESCRIPTION Eff. 1 Bed 2 Bed 3 Bed 4 Bed
<br /> Table B: Recap of Funding Sources for Units Produced
<br /> Source of $$ Produced thru June 30th for Units Amount of Funds Expended to Date % of Total Value
<br /> A B C
<br /> SHIP Funds Expended 817 831 .74 21 .41 %
<br /> Public Mone s Expended 280 323 .81 7.34%
<br /> Private Funds Expended 2 , 722 , 322. 15 71 .26%
<br /> Owner Equity 0.00%
<br /> Total Value of All Units 3,820,477 .70 100.00%
<br /> Table C : SHIP Program Compliance Summa - Home Ownership/Construction/Rehab`
<br /> Compliance Category SHIP Funds' Trust Fund " % of Trust Fund FL Statute Minimum %
<br /> A B C D E
<br /> HOME OWNERSHIP 1 ,260,609. 19 $ 955,048.00 131 .99% 65%
<br /> CONSTRUCTION/REHABILITATION 1 ,260,609. 19 $ 955,048.00 131 .99% 75%
<br /> Include amounts expended, encumbered, 8 unencumbered (projected) in this table
<br /> "Trust Fund equals Distribution plus Recaptured Funds
<br /> Table D: Program Compliance - Income Set-Asides
<br /> Program Compliance by Funds Expended , Encumbered , Unencumbered (projected)
<br /> SHIP $ Encumbered SHIP $ Projected
<br /> % of Total
<br /> Income Category SHIP $ Expended Total A+B+C Avaliable Funds 'Total Available Funds
<br /> A B C D E F
<br /> Very-Low Income 470 894. 09 285 952.45 756 846. 54 54.66% 1 , 384,635.75
<br /> Low Income 258 676.05 66 110.00 324 786.05 23.46% 1 ,384,635+75
<br /> Moderate Income 88,261 .60 90, 715.00 178,976.60 12.93% 1 , 384,635.75
<br /> TOTAL 817,831 . 74 442,777.45 0.00 1 ,260,609. 19 91 . 04% 1 , 384,635. 75
<br /> 'Total Available Funds" equals State Distribution + Recaptured Funds + Program Income + Carry Over Funds + Other Funds .
<br /> 'From Form 1 Table 8 Column B total
<br /> Table E: Special Tar et Grou s for Funds Expended (i.e . teachers . nurses law enforcement fire fighters, etc. I Set Aside
<br /> Strateqv Description Special Target Group Expended Funds Total # of Expended Units
<br /> A B C D
<br /> Table F: Project Funding for Expended Funds Only
<br /> Total SHIP # of SHIP
<br /> Income Category Mortgages , Loans Mortgages , Loans Average Loan Total of SHIP Average Grant Total #
<br /> and DPL's and DPL's Amount Grants # of SHIP Grants Amount Total SHIP Funds Expended of Units
<br /> A B C D E F G H
<br /> Very-Low Income 345 477 . 00 13 26 575. 15 125 417. 09 8 15 677 . 14 : -5n€470 x ' ,09 -
<br /> Low Income 240 191 .05 15 16 012. 74 18 485.00 2 9,242 . 50IV 1,7
<br /> Moderate Income 88,261 .60 7 12 ,608.80 0.00 0 _Yaxfi '., 7.`
<br /> TOTAL 673,929.65 35 19,255. 13 143 ,902 .09 101 14 390.21
<br /> Table G: Allowable Administration Set Aside from Pro ram Income
<br /> Total Amount of Total % Program Income Allowed for Total Administration
<br /> Program Income '5% Maximum "10% Maximum Administration Income Used
<br /> A B C D E
<br /> $429,002.84 $21 ,450. 14 $42, 900.28 5% $21 ,450. 14
<br /> Counties and Eligible Municipalities which receive more than the minimum distribution. Use either the 5% or 10% $ amount.
<br /> Counties and Eligible Municipalities which receive the minimum distribution or less.
<br /> Table H : Allowable Administration Set Aside from Disaster Funds
<br /> Total Amount of Total Disaster Funds Allowed for Total Administration
<br /> Disaster Funds '5% Maximum "1o% Maximum Administration Income Used
<br /> A B C D E
<br /> $ $0.00
<br /> $0.00
<br /> Counties and Eligible Municipalities which receive more than the minimum distribution . Use 5 or 10% See Form 1 Table A
<br /> " Counties and Eligible Municipalities which receive the minimum distribution or less . as applicable D40
<br /> SHIP AR/02.1
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