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2005-286 1 of 2
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2005-286 1 of 2
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Last modified
8/1/2016 2:02:39 PM
Creation date
9/30/2015 9:03:11 PM
Metadata
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Template:
Official Documents
Official Document Type
Report
Approved Date
08/23/2005
Control Number
2005-286
Agenda Item Number
7.E.
Entity Name
Florida Housing Finance Corp.
Subject
SHIP Distribution Summary FY 2003-2004
Supplemental fields
SmeadsoftID
5136
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can assist with available SHIP funds . Photocopies of success stories , newspaper <br /> articles , and thank-you notes have already been sent to the Florida Housing Coalition . <br /> 4 . Describe how the Annual Report was made available for public inspection and comments . <br /> Attach copies of all comments that were received and provide the local government's response . <br /> Annual report provided to the public through Affordable Housing Partnership <br /> meetings/Lending Consortium , county planning division, municipalities within <br /> the county, the Treasure Coast Builders Association, and the county website . <br /> Availability of the reports also advertised in the local newspaper . <br /> 5 . Since State fiscal year 1992-93 , 281 mortgages have been made to very low income <br /> households with 3 in default. <br /> Since State fiscal year 1992- 93 , 337 mortgages have been made to low income households <br /> with 5 in default . <br /> Since State fiscal year 1992 -93 , 90 mortgages have been made to moderate income <br /> households with 1 in default . <br /> Total default rate for all mortgages 1 . 27% . <br /> 6 . Describe how eligible sponsors (if applicable) that employed personnel from welfare to work <br /> programs were given preference in the local selection process . <br /> All applications reviewed based on first application submitted, first application <br /> reviewed . <br /> All applications approved based on first application completed, first application <br /> approved <br /> 7 . List strategies and give the average cost of production (FY 2003 -2004 YTD) . <br /> Strategy Number of Loans Average SHIP <br /> Finalized YTD Assistance <br /> Downpayment/Closing Cost (DPCC ) 2 $ 15 , 000 <br /> DPCC + Rehabilitation Loan (RL) 14 $ 14 , 743 <br /> DPCC + Land Acquisition Loan (LAL) +IFL 8 $243919 <br /> IFG 1 $4 , 596 <br /> DPCC + IFL 12 $229420 <br /> Rehabilitation Grant (RG) 22 $ 189945 <br /> Rehabilitation Loans (RL) 6 $ 19 , 695 <br /> RG + IFG 1 $ 169229 <br /> TOTAL 66 $ 193100 <br />
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