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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 : 2004-2005
<br /> FLORICvA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT
<br /> Name of Local Entity: Indian River County
<br /> Table A: Rental Unit Information
<br /> RENTALRATES - ACTUAL
<br /> (If rents vary 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 212,869.00 17. 18k°
<br /> Public Moneys Expended 112, 511 . 00 9, 08%
<br /> Private Funds Expended 913,477. 0073. 74%
<br /> Owner Equity - 0.00%
<br /> Total Value of All Units 1 ,238, 847 .00 100.00%
<br /> Table C : SHIP Program Compliance Summa - Home Ownership/Construction/Rehab'
<br /> FL Statute
<br /> Compliance Category SHIP Funds' Trust Fund " % of Trust Fund Minimum %
<br /> A B C D E
<br /> HOMEOWNERSHIP 1 , 550, 300.69 $ 916,659. 00 169. 13% 65%
<br /> CONSTRUCTION/REHABILITATION 10550,300.69 $ 916,659.00 169. 13% 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 'Total Available
<br /> Income Category SHIP $ Expended Total A+B+C Avaliable Funds Funds
<br /> A B C D E F
<br /> Very-Low Income 189934. 00 110, 165. 00 500,000.00 800, 119.00 47.63% 1 ,679,768.48
<br /> Low Income 22,925.00 188, 828. 32 420048.37 631 , 801 .69 37.61 % 1 ,679, 768.48
<br /> Moderate Income 0.00 18, 380.00 100,000. 00 118, 380. 00 7. 05% 1 ,679,768.48
<br /> TOTAL 212, 859.00 317, 393.32 1 ,020,048. 37 1 ,550, 300.69 92.29°h 1 ,679,768. 48
<br /> "Total Available Funds" equals State Distribution + Recaptured Funds + Program Income + Carry Over Funds + Other Funds .
<br /> 'From Form 1 Table B Column B total
<br /> Table E: Special Target Groups for Funds Expended (i.e. leachers nurses law enforcement fire fighters etc ) Set Aside
<br /> Strateqy 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 # of
<br /> and DPL's and DPL's Amount Grants # of SHIP Grants Amount Total SHIP Funds Expended Units
<br /> A B C D E F G H
<br /> Very-Low Income 126602 .66 4 31650. 67 63331 . 34 2 31665 .67 �,' .� " . 593.3'j:£k3 6
<br /> Low Income 22,925. 00 1 2292500 , 2 $"25tOd 1
<br /> Moderate Income 0.001 0 R "
<br /> TOTAL 149, 527.661 51 29, 905 . 53 63, 331 .341 21 31 , 665. 67 F., .5 ` T :: - � � ' % 00 7
<br /> Table G: Allowable Administration Set Aside from Program Income
<br /> Total Amount of
<br /> Total % Program Income Allowed for Total
<br /> Program Income '5% Maximum "10% Maximum Administration Administration
<br /> A B C D E
<br /> $756,037. 86 $37, 801 . 89 $75,603.79 5% $37,801 . 89
<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
<br /> Disaster Funds '5% Maximum " 10% Maximum Administration Administration
<br /> $ - $0.00 $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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