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y� V • 8UKDAY, JUNE 4 , 2006 1_0 e lYl:; SCRIPPS TREA
<br /> RO BEACH, FLORIDA
<br /> AGENDA
<br /> TING A COPY OF THE AGENDA MAY PUBLIC NOTICE
<br /> THE CITY CLERK'S OFFICE ; LOOK AT INDIAN RIVER COUNTY WILL BE
<br /> B PAGE WWW, COVB.OR (a OR LOCATE ACCEPTING APPLICATIONS FOR
<br /> EL 13: PARTICIPATION IN THE COUNTY
<br /> LOCAL HOUSING ASSISTANCE PROGRAM
<br /> Notice is hereby given thatstarting July 7, 2006, the Board of County
<br /> P S Commissioners of , Indian River . County, Florida will be accepting
<br /> applications from households in the very low, low, and moderate income
<br /> categories for the purchase or rehabilitation of affordable housing units.
<br /> Unless extended by the county, the application acceptance Period will
<br /> end on July 31 2006. The County estimates that it will receive �
<br /> xu "•�` + „ j: $1 , 200, 623. 00 (including administrative costs) Tor FY 2006-2007 from
<br /> the . Florida State Housing Initiatives Partnership (SHIP) Program, which 1 '
<br /> rn will be made available through the Indian River County Local Housing .
<br /> ""•„q° Assistance Program for the following activities:
<br /> AVAILABLE LOCAL ASSIGTenlre
<br /> Type of Assistance Available by income Category
<br /> Type of Assistance Income Cate o
<br /> 9 ry Estimated Amount li
<br /> Impact Fee Loans VLI, LI
<br /> Impact Fee Loans - VLI , LI, MI $10 000.00
<br /> 200,000.00 6
<br /> rk a�.s Rehabilitation Loans -
<br /> r98t89 - Fehatiilitation Grants VLI Lh MI $270,561 .00
<br /> aaaa - $100,000.00 �I
<br /> Down Payment/Closing -
<br /> .,t $„ 3;Scpuiyr carr Loans for ipal Reduction $500,000.00 f
<br /> Loans tor. I
<br /> a; Purchase of an existing home without
<br /> rehabilitation (not more
<br /> than 15% of total funds) VLI
<br /> b. Purchase of new home -
<br /> (less than one year old) VL
<br /> LI
<br /> C. Canstru , MI
<br /> ctl
<br /> on of new
<br /> home . 1 '
<br /> d VLI LI
<br /> . Pur . MI .
<br /> being rehabilaitated in the lasthoms
<br /> 12 months VLI LI
<br /> e. Combined purchase and , . MI
<br /> rehabilitation of anexisting home VLI, LI. MI
<br /> 1. Combined Construction
<br /> A ti and Impact Fee Loans _ VLI, L1, MI
<br /> hew#'iF6Eatr ideLrP.and3Q)dr" pzte,41od 8a3Fs Y?Mbtr ' rI
<br /> mgr5e31re��j "tfi,k4fiRu VLL= Ver Law Income, it = Low Income; MI = Moderate Income
<br /> [Y70[1heTg� ly4pWe y
<br /> 1VLi 'tl>erfi b$yglc '
<br /> warrantyl$154p40 Assistance will be provided as deferred payment loans that If not need !
<br /> tole paid tiack until. the assisted unit is sold, refinanced Gwith "cash
<br /> assisted if
<br /> t LimiiteOther istancehwill be pray ded as Igrants to very I he
<br /> income households only. The grant amount will be forgiven after to-
<br /> Applicants year residency requirement.
<br /> OU $hOUIQ know that Applicants rarticipating in the Local Housing Assistance Program must
<br /> A meet the following requirements:
<br /> - Monnett - 1 . Income Levet. A household's total annual gross income level must be
<br /> classified as either very low, low, or moderate based on the following table.
<br /> ye Sur ery Centers
<br /> Indian River County Maximum Income Levels and Income Classification
<br /> e the
<br /> Household Ver,v Low I
<br /> e Center[ TFersnn U to 0% ofM1 L7 80% f MI Moderate f Ml I
<br /> FIOCI . ' p (� t0 offer: 2 Persons 22;220 35 '550
<br /> 4 PPersons
<br /> cons 27700 39;950 53,280
<br /> 5 Persons - 29950 44 400 60,000, -
<br /> 66,60
<br /> � ,�,�®®® 6Persons 32'200 _ - 51500 77280 i
<br /> � /a ���� 7Persons 34,400 - 55 '050 77280
<br /> (�yJ�D 8 Persons -36,650 58;600 82'560
<br /> MI Median Income = $55,550.00 87860 -
<br /> 'i/ l0 Ij'If(��JD 2. Employment; At least one of the household members must currently be
<br /> employed (including having been continuously employed for the past
<br /> ICL (Intrall6lar Contact Lens) year), be a seasonar farm worker for two seasons,. or.be a speaal needs
<br /> CK person (elderly, disabled etc) .
<br /> 1� 4. Homepuyer S it nO N app icanteshall have a satisfactory ceditrating,
<br /> & LASIK MOnOVISIon 5. or at least three(3)NYe ra seti baref husehold shall have owned a home , -
<br /> and gaymenVclosing cost assistance being approved to receive down
<br /> (figg fi. Purchase Price Limitation: The purchase price for a home may not
<br /> fight -Here „®� Su exceed.
<br /> �// New Home. $249,584.00
<br /> Bxisbng Home' $298 .448. 00
<br /> stl fy the ' "Alphabet SOU it PHIBITION OF Moo,, c�5,O�
<br /> I ROFunds may not be used to repair, rehabilitate, or
<br /> .choose the best Option,/� � �loC Purchase Mobile homes.
<br /> SLAMS
<br /> ir Ianpformation and applications may be obtained from and completed.
<br /> 'nSdPooSEI f6 Di PIs it
<br /> houssnpb offtCemo ailed at 1840 2bthlStreet ego BTiring
<br /> ach 9Florida, f
<br /> auvowmmn'pur5ufapanamnuwraslseeNlwtaasand, nwrtwlpropiauxFlrt 32960, or call 772 2
<br /> ( ) 26-1870 or . (772) 226- 1594.
<br />
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