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C. 131 mortgages have been made to moderate income households with 2 in foreclosure. <br />D. Total foreclosure rate for all mortgages 2.15%. <br />5b. Mortgage Default as of June 30`x': <br />A. 346 mortgages have been made to very low income households with 6 in default <br />B. 404 mortgages have been made to low income households with 2 in default. <br />C. 131 mortgages have been made to moderate income households with 2 in default. <br />D. Total default rate for all mortgages 1.13%. <br />6. Describe how eligible sponsors (if applicable) that employed personnel from welfare to work <br />programs were given preference in the local selection process. <br />All applications reviewed based on first application submitted, first application reviewed. <br />All applications approved based on first application completed, first application approved <br />7. List strategies and give the average cost of production (FY 2007-2008). <br />Strategy <br />Number of Loans <br />Finalized YTD <br />Average SHIP <br />Assistance <br />Purchase Assistance With Rehab <br />4 <br />$307620 <br />Rehabilitation Loan <br />2 <br />$24,857 <br />Rehabilitation Loan/Grant <br />1 <br />$4141 <br />Purchase Asst. with Impact Fee Loan <br />5 <br />$411693 <br />TOTAL <br />12 <br />$32,066 <br />8. Counties and eligible municipalities utilizing SHIP program funds must provide a list of recipients by <br />strategy, including full name, address and zip codes. Included <br />See Attachment #1 -Expended Funds- Form 4 #8 <br />9. Administrative expenditures separately stated for the costs of the local government and any sub <br />recipients administering the program: <br />$138,804.88 Administrative expenses for Indian River County <br />10. A list of sub recipients and consultants that will administer any portion of the SHIP program: None <br />