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FORM 2Rents and Compliance Summary Submittal Date, 09/09108
<br /> Section 420. 9075(b), (cl, (d), (g), F . Fiscal Year: 2007-2008 Interim
<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 TE - ACTUAL
<br /> (If rents vary forth same unit, enter greatest amount)
<br /> A 8 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 $S Produced thru June 30th for Units Amount of Funds Expended to Date % of Total Value
<br /> A IS
<br /> C
<br /> SHIP Funds Expended 384,803.84 24.30%
<br /> Public Moneys
<br /> s Ex ntled 129 500.00 8. 18%
<br /> Private Funds Expended 1 ,069,568.20 67.53%
<br /> Owner Equity 0.00 0.00%
<br /> Total Value of All Units 11583,872.04 100.00%
<br /> Table C: SHIP Program Compliance Summary - Home Ownership/Construction/Rehab-
<br /> CoFL Statute
<br /> compliance Category SHIP Funds• Trust Fund •• % of Trust Fund Minimum %
<br /> A B C D E
<br /> HOME OWNERSHIP 1 ,401 , 739. 63 1 ,238,998.00 113.13% 65%
<br /> CONSTRUCTION/REHABILITATION 1 ,401 ,739.63 1 ,238, 998.00 113. 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 /> Total
<br /> SHIP $ SHIP $ Available *Total Available
<br /> Income cateaory SHIP S Exoended Encumbered Unencumbered Total A+B+c Funds % Funds
<br /> A B C D E F
<br /> ELI 4, 141 . 70 136, 535.60 0.00 140,677.30 9.13% 1 , 540, 554. 51
<br /> Ve •Low Income 95,097.45 149,900. 12 270,646.50 515,644 . 07 33.47% 1 ,540,554. 51
<br /> Low Income 252 , 950. 72 208.281 .41 207, 388. 98 668,621 . 11 43.40% 1 ,540,554. 51
<br /> Moderate Income 32,613.97 44, 183. 28 0.00 76, 797.25 4 .99% 1 , 540, 554. 51
<br /> TOTAL -384,803.84 '538,900.41 ' 478,033.48 t 1 ,401 ,739.78' 90.99% 7 ,640,554.61
<br /> 'Total Available Funds" equals Slate Distribution + Recaptured Funds + Program Income + Carry Over Funds + Other Funds. 1 ,401 ,739.63 '(From Farm tr,lxsa
<br /> 'From Form i Table 8 Column B total error 1 ,4 wm 3 FPrm l aNa Frem'!TWO
<br /> A
<br /> ELI and VLI must equal 30% or higher
<br /> Table E: Soeclal Target Grouos for Fund Exo ded fi teachers, nurses law r e cemt fire fighters. eta 1 Set Aside
<br /> and ELI, VLI and LI must equal 60% or higher
<br /> Strategy Description Special-Tappet-Group - --Expended-Funds ---- _ _--- —TotalirofExpended-Units— -- - --- ----
<br /> A g C D
<br /> Total
<br /> 0.00 p
<br /> Table F: Project Funding for Expended Funds Only
<br /> Income Category Total SHIP SHIP Mortgages,
<br /> Mortgages , Loans Loans and DPL's Average Loan Total of SHIP Average Grant Total SHIP Funds Total
<br /> d DPL's # Amount Grants SHIP Grants # Amount Expended Units #
<br /> A B C D E F G H
<br /> ELI 4, 141 . 70 1 4r141 .70 7 : : 4141 :70 < 1
<br /> Very-Low Income 95,097.45 2 47 548.73 . '95D9T..A5 2
<br /> Low Income 252,950.72 7 36 135.82 a 252':950.72 ; 7
<br /> Moderate Income 32 ,613. 97 2 16,306.99 32';613.97; 2
<br /> TOTAL 384,803.84 12 32,066.99 0.00 0 , ; °384,803.84 ' 12
<br /> This total must equal Table DDE xpended bit
<br /> "come category
<br /> Table G: Allowable Administration Set Aside from Program Income
<br /> Total Amount of Program Income *5% Maximum ••10% Maximum Total % Program Income Total
<br /> Allowed for Administration Administration
<br /> A B C
<br /> D E
<br /> 298, 301 .68 14, 915.08 29,830. 17 14,91508 94,915J08'
<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 Disaster Funds *5% Maximum Total Disaster Funds Allowed Total
<br /> ••10% Maximum for Administration Administration
<br /> A g C
<br /> D E
<br /> 0. 00 0.00 0.00 0. 00 0.00
<br /> • Counties and Eligible Municipalities which receive more than the minimum distribution. Use 5 or 10%
<br /> Counties and Eligible Municipalities which receive the minimum distribution or less. as applicable
<br /> eMIPr1R/07
<br /> Rev. 11119107
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