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FORM 2Rents and Compliance Summary Suomittal Date, 09/09108
<br />Section 420.9075(bl, (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 C:nrinfu
<br />Table A• Rental I Init Ldnrnaftfinm
<br />STRATEGY DESCRIPTION
<br />RENTAL TE - ACTUAL
<br />(If rents vary for the same unit, enter greatest amount)
<br />A
<br />8
<br />C
<br />D
<br />E
<br />Eff.
<br />1 Bed
<br />2 Bed
<br />3 Bed
<br />4 Bed
<br />Total
<br />129 500.00
<br />SHIP $
<br />8.18%
<br />Available
<br />Private Funds Expended
<br />Income cateaory
<br />SHIP S Ezoended
<br />Encumbered
<br />Unencumbered
<br />Owner Equity
<br />1,069,568.20
<br />Funds
<br />67.53%
<br />A
<br />Total Value of All Units
<br />0.00
<br />D
<br />0.00%
<br />F
<br />ELI
<br />Table R: Rnran of Fundinn an, r.ae en, i i..:F.. o._. ... _-t
<br />Source of $S Produced thru June 30th for Units
<br />A
<br />Amount of Funds Expended to Date
<br />IS
<br />Compliance - Income
<br />% of Total Value
<br />C
<br />Proaram
<br />SHIP Funds Expended
<br />384,803.84
<br />Trust Fund ••
<br />�ftftftftftMinimum
<br />C
<br />1,238,998.00
<br />1,238,998.00
<br />24.30%
<br />FL Statute
<br />%
<br />E
<br />65%
<br />75%
<br />Public Moneys Expended
<br />SHIP Mortgages,
<br />Total
<br />129 500.00
<br />SHIP $
<br />8.18%
<br />Available
<br />Private Funds Expended
<br />Income cateaory
<br />SHIP S Ezoended
<br />Encumbered
<br />Unencumbered
<br />Owner Equity
<br />1,069,568.20
<br />Funds
<br />67.53%
<br />A
<br />Total Value of All Units
<br />0.00
<br />D
<br />0.00%
<br />F
<br />ELI
<br />11583,872.04
<br />138,535.60
<br />100.00%
<br />C
<br />Table C: SHIP Proaram Comnuanre sirrnman. _ wnnnis
<br />,*Trust Fund equals Distribution plus Recaptured Funds _ .-
<br />Table D:
<br />Program
<br />Compliance - Income
<br />Set -Asides
<br />Proaram
<br />Compliance Category
<br />A
<br />HOME OWNERSHIP
<br />CONSTRUCTION/REHABILITATION
<br />• Include amounts expended. encumbered. 8
<br />SHIP Fundis•
<br />B
<br />1,401,739.63
<br />1,401,739.63
<br />unencumnared rft�ftftwlnmnmiertedl in thio Inkin
<br />Trust Fund ••
<br />�ftftftftftMinimum
<br />C
<br />1,238,998.00
<br />1,238,998.00
<br />% of Trust Fund
<br />D
<br />113.13%
<br />113.iJ%
<br />FL Statute
<br />%
<br />E
<br />65%
<br />75%
<br />,*Trust Fund equals Distribution plus Recaptured Funds _ .-
<br />Table D:
<br />Program
<br />Compliance - Income
<br />Set -Asides
<br />Proaram
<br />commianea
<br />by Fnnde Frr.unded e..,......w_._.
<br />••10% Maximum
<br />C
<br />29,830.17
<br />'From Form 1 Table 8 Column B total
<br />-- . —•-• ••• ••+ ..• � ur,ua. r,ve r.,T aa.oa {Fr°TFamt Tab19A
<br />error it mtsamdu FarmlT°NeI�OWy�hn Ae,p �• r
<br />ELI and VLI must equal 30% or higher
<br />and ELI, VLI and LI must equal 60% or higher
<br />- -- ----- --•-••----
<br />——Stratepv Description -
<br />A
<br />_•,••_•.I •.=. .9e�n9,a n,., nes yaw emorcemenl
<br />nreh hters eta Sel Aside
<br />Special—ra et -Group
<br />8
<br />-"--Expended-Funds
<br />C
<br />—Total -#-Of Expended-Units—
<br />D
<br />'S%Maximum
<br />B
<br />14,915 08
<br />h„nn
<br />more than the minimum dimnu
<br />••10% Maximum
<br />C
<br />29,830.17
<br />Total % Program Income
<br />Allowed for Administration
<br />D
<br />14,915 08
<br />.. ...
<br />Income Category
<br />Total SHIP
<br />SHIP Mortgages,
<br />Total
<br />SHIP $
<br />SHIP $
<br />Total
<br />Available
<br />'Total Available
<br />Income cateaory
<br />SHIP S Ezoended
<br />Encumbered
<br />Unencumbered
<br />Total A+6.c
<br />Funds %
<br />Funds
<br />d DPL's
<br />A
<br />B
<br />C
<br />D
<br />E
<br />F
<br />ELI
<br />4,141.70
<br />138,535.60
<br />0.00140,67T30
<br />C
<br />9.13%
<br />1,540,554.51
<br />Ve •Low Income
<br />95,097.45
<br />149,900.12
<br />270,646.50
<br />515,644.07
<br />33.47%
<br />1,540,554.51
<br />Low Income
<br />252,950.72
<br />208,281.41
<br />207,388.98
<br />668,621.11
<br />43.40%
<br />1,540,554.51
<br />Moderate Income
<br />32,613.97
<br />44 183 28
<br />0.00
<br />76,797.25
<br />4.99%
<br />1,540,554.51
<br />TOTAL
<br />384,80184
<br />'538 900 41
<br />1. 478,033.48
<br />t 1,401,739.78'
<br />90.99%
<br />7,540,554.61
<br />Total Available Funds" equals Slate ❑istrihiAne
<br />+ Paranh,rnd c,n,f,
<br />o.__.,... _____
<br />. ,._. ,.. .-
<br />- _ ._ . __
<br />'From Form 1 Table 8 Column B total
<br />-- . —•-• ••• ••+ ..• � ur,ua. r,ve r.,T aa.oa {Fr°TFamt Tab19A
<br />error it mtsamdu FarmlT°NeI�OWy�hn Ae,p �• r
<br />ELI and VLI must equal 30% or higher
<br />and ELI, VLI and LI must equal 60% or higher
<br />- -- ----- --•-••----
<br />——Stratepv Description -
<br />A
<br />_•,••_•.I •.=. .9e�n9,a n,., nes yaw emorcemenl
<br />nreh hters eta Sel Aside
<br />Special—ra et -Group
<br />8
<br />-"--Expended-Funds
<br />C
<br />—Total -#-Of Expended-Units—
<br />D
<br />'S%Maximum
<br />B
<br />14,915 08
<br />h„nn
<br />more than the minimum dimnu
<br />••10% Maximum
<br />C
<br />29,830.17
<br />Total % Program Income
<br />Allowed for Administration
<br />D
<br />14,915 08
<br />.. ...
<br />Income Category
<br />Total SHIP
<br />SHIP Mortgages,
<br />Total
<br />Mortgages, Loans
<br />0.00
<br />p
<br />Table F- Prniert c„ndinn en. Ovne..d..d n_,..
<br />Table G: Allowable Admir iebatrnn af& nerd., e.... n
<br />Thls total must actual Table D Expepded by Income category 11
<br />Total Amount of Proaram Income
<br />A
<br />298,301.68
<br />' Counties and Eligible Municipalities which receive
<br />'S%Maximum
<br />B
<br />14,915 08
<br />h„nn
<br />more than the minimum dimnu
<br />••10% Maximum
<br />C
<br />29,830.17
<br />Total % Program Income
<br />Allowed for Administration
<br />D
<br />14,915 08
<br />.. ...
<br />Income Category
<br />Total SHIP
<br />SHIP Mortgages,
<br />Mortgages, Loans
<br />Loans and DPL's
<br />Average Loan
<br />Total of SHIP
<br />Average Grant
<br />Total SHIP Funds
<br />Total
<br />d DPL's
<br />#
<br />Amount
<br />Grants
<br />SHIP Grants #
<br />Amount
<br />Expended
<br />Units #
<br />A
<br />B
<br />C
<br />D
<br />E
<br />F
<br />G
<br />H
<br />ELI
<br />4,141.70
<br />1
<br />4 141.70
<br />4141:70 <
<br />1
<br />Very -Low Income
<br />95,097.45
<br />2
<br />47 548.73
<br />Low Income
<br />252,950.72
<br />7
<br />36:136:82
<br />'. .'95D9T..A5=.
<br />'
<br />2
<br />Moderate Income
<br />32,613.97
<br />2
<br />16,306.99
<br />257:950.72'
<br />7
<br />TOTAL
<br />384,803.84
<br />12
<br />32,066.99
<br />0.00
<br />0
<br />2
<br />°384,803.84'
<br />,;
<br />12
<br />Table G: Allowable Admir iebatrnn af& nerd., e.... n
<br />Thls total must actual Table D Expepded by Income category 11
<br />Counties and Eligible Municipalities which receive the minimum distribution or less.
<br />vav °pular ma a ie or w -to a amount.
<br />_._... _.__.__.._..I use o or lu"/9
<br />Counties and Eligible Municipalities which receive the minimum distribution or less. as applicable
<br />SHIP AR 07
<br />Rev. 11119/07
<br />Total Amount of Proaram Income
<br />A
<br />298,301.68
<br />' Counties and Eligible Municipalities which receive
<br />'S%Maximum
<br />B
<br />14,915 08
<br />h„nn
<br />more than the minimum dimnu
<br />••10% Maximum
<br />C
<br />29,830.17
<br />Total % Program Income
<br />Allowed for Administration
<br />D
<br />14,915 08
<br />.. ...
<br />Total
<br />Administration
<br />E
<br />;'- % •_ 14,915J08'
<br />'
<br />Counties and Eligible Municipalities which receive the minimum distribution or less.
<br />vav °pular ma a ie or w -to a amount.
<br />_._... _.__.__.._..I use o or lu"/9
<br />Counties and Eligible Municipalities which receive the minimum distribution or less. as applicable
<br />SHIP AR 07
<br />Rev. 11119/07
<br />
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