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®cct: 9731
<br /> PUBLIC NOTICE
<br /> 6pace Coast Credit Union INDIAN RIVER COUNTY RILL BE
<br /> Ityanwood Slopping Center ACCEPTING APPLICATIONS FOR
<br /> 2124 58 PARTICIPATION IN THE COUNTY
<br /> Vero Beach LOCAL HOUSING ASSISTANCE PROGRAM
<br /> - Notice is hereby given that, starting July 8 2005 , the Board of County
<br /> Commissioners of Indian River County . Florida will be accepting ,
<br /> applications from households in the very low, low. , and moderate
<br /> CREDIT UNIONincome categories and from coo profit organizations for the purchase
<br /> S C C O- • C O M - or rehabilitation of affordablehousing units Unless extended by the
<br /> county, the application acceptance period will end on July 29 , 2005 ,
<br /> The County estimates that it will receive $916,669 .00, Preluding
<br /> administrative costs) for FY 2005-2006 fmm:(he Florida Stats Housing
<br /> Writhes Partnership (SHIP) Program, which will be madelalimlablq
<br /> / l / through the Indian River County Local. Housing Assistance '
<br /> Programfor the following activities;
<br /> - slow as AVAILABLE LOCAL ASSISTANCE
<br /> �14a�tIfX 4i / 7yy ofAssum Avallablebyincome f111WFI
<br /> 1 GQDwi tt
<br /> P of asratahce s 'le8o : Fs aced Amb
<br /> 4 rants '"t1Fd $]g D o 00
<br /> a aLoands a0 DO
<br /> OiE BANK i. 265 p0200
<br /> �• Rehabilitation loans VLI LI , MI : s '
<br /> CALLND COMPARE!rRehabilitation Grants VLI $:100000.00
<br /> Down Payment/Closing $350 POO DO
<br /> V 1 t 1 Cost/Prmciyat
<br /> Reduction Loans for:
<br /> okeraOe Business O 'Cash .Out'
<br /> aPmchnse of an VLI
<br /> "�187.34501 • Stated lneont¢ existing home without
<br /> • All Credit Loans rehabibution
<br /> brtSt• Lucie • Bankruptcy (not more than 15% of total fuids)
<br /> noCeiihone b Purchase of new home VLI , LI , MI
<br /> P (less than one year old)
<br /> c.Constmetlon of new home VLI , LI, MI
<br /> dPersian s of an cared VLI , 11 , MI
<br /> I ? ALWAYS THE BEST homebearg reha6ilit ted
<br /> RATE FIRST WITH inti last t2 moos
<br /> t OUR DIRECT e b,n purchase arra vu. Id , it
<br /> rehabilitation "ff an existing home
<br /> WHOLESALE RATES ! EcombinedConawction VLI, LI , Nil
<br /> '- 5e9ss/ 0, !p7/ andl petF .e Loans
<br /> i11@ iVIE'{41//' /ids
<br /> Land Acquisition , Loa s 1,'LT , Ll nmourh SM UC
<br /> u
<br /> Apply online ��I non p r I g cat ]
<br /> hlly for over a decade. 2417
<br /> vrvrv.manoingfinanclal coo 1 x r L 1 u . Lc'+ I [.II M d I I
<br /> Assistance vylil be pr lied a deferred I v I Lai o "f do t ,>ed
<br /> !rt (�
<br /> a Center to l pall l k tile ni lsi tea unit a da efid n aaa
<br /> ooh ol if smRc tl t Itll Ne of I 1 n m_ t ln .r thr.
<br /> ass cd ' t . Limi: d s " '.all J of i N as g u is I ,e e'am
<br /> A l E GUIDE Ap
<br /> amount ill I firer en in l 1I year residency requ t . in n
<br /> Apel - tiupat r it I_ornl H u A.�,in I c aa. inn
<br /> :nett Ire (-hmr�ins re p i tet «:
<br /> 30-YEAR FIXED ONE-YEAR ADJUSTABLE I come be clesihed ash ether sd
<br /> verylow told] N his, ormoderate besU�s 111,01110 ld on the
<br /> RATE POINTS RATE POINTS '/s DN, LOCK CAP following table.
<br /> Indian River County Maximum Income Levels
<br /> 0.00 150%
<br /> 30 216 and hicome Classification
<br /> Household Very Low Low Moderate
<br /> NQ 30 114 Size Up to 50% of Ml 51-80% of Ml 81-120`% of MI
<br /> 1 Person 18 ,650 29 ,850 44,760
<br /> 2 Persons 21000 34,100 51 ,120
<br /> NQ 30 2/6 3Persons 23950 38 ,400 57 A80
<br /> 4Persons 26 .650 42.650 63960
<br /> 5 Persons 28 ,750 46050 69000
<br /> 0.00 - - 6 Persons 30,900 49,450 74 ,160
<br /> 7 Persons 33 D00 52,850 79 ,200
<br /> 8 Persons 35150 56900 84360
<br /> 0,00 s 30 2/6 Ivif= Median Income = $5325000
<br /> 2. Employymens: At least one of the household members must
<br /> 0,00 30 2/6 currently be employed (including having been continuously employed
<br /> forthe eeastyear), beaseesonal fanoworker, orbeaspecialneeds
<br /> Parson [elderly, disabled, etc) .
<br /> 0.00 45 216 3 . Assets: Ahousehold's total assets shall not exceed $ 10000 .000.00 % 30 2/6 4. Credit Verification: An applicant shall have a satisfactory
<br />credit
<br /> rating for m least the premium one (1) year0.00 °/s 30 2/6 5 . Homebuyer Smtus: No member of household shall have owned a
<br /> home for al least till (3) years before being approved toreceive
<br /> down paymenUclosing coat assistance°/r 30 2/6 6. Purchase Price Limltation: The purchase price for new and existing
<br /> homes may not exceed $154$96DU.
<br /> 0.00 % 30 2/6 EL HIRITMON OF MOBILEHUM
<br /> Nonds may not be used to repa'ir,rohabiiltate, m pmcheae mobile homes.
<br /> I100,810paakurofrda{IsSmity, alsmr- ampidtl°Ieeatgha 2lMAvxappmst Information and apphicatims may be obtained from and courpleted
<br /> apaslhdtlldodae aAmdtpp8a8mfen sd rhooH6er>teoted '�appppHarden must be submitted m the Indian River County Planning
<br /> bdingsw iomsatiae. NQ-Qmesatpovlkd. NA-Not AppBaNe..Cam®mw8h T%lon's housing office located at 1840125th Street, Vero Beach, . . .
<br /> gardPgase4 am iegslnayHdPLEito 1400.8483792 _ Florida, 32960,orooll (772) 2261594
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