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2008-272
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2008-272
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Last modified
4/8/2016 2:21:05 PM
Creation date
10/1/2015 12:32:33 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Report
Approved Date
09/09/2008
Control Number
2008-272
Agenda Item Number
8.L.
Entity Name
Florida Housing Finance Corporation
Subject
SHIP Annual Report
Supplemental fields
SmeadsoftID
7550
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C . 127 mortgages have been made to moderate income households with 2 in foreclosure . <br /> D . Total foreclosure rate for all mortgages 2 . 22 % . <br /> 56 , Mortgage Default as of June 30 `h : <br /> A . 335 mortgages have been made to very low income households with 5 in default <br /> B . 391 mortgages have been made to low income households with 3 in default. <br /> C . 127 mortgages have been made to moderate income households with 1 in default . <br /> D . Total default rate for all mortgages 1 . 00 % . <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 2006 -2007 ) . <br /> Strategy Number of Loans Average SHIP <br /> Finalized YTD Assistance <br /> Purchase Assistance With Rehab 28 <br /> -- -- -- - -- 355320 <br /> Purchase Assistance Without Rehab (V e) <br /> Rehabilitation Loan 2 <br /> $ 45 , 216 <br /> Rehabilitation Loan/Grant 5 <br /> $ 28 , 710 <br /> Purchase Asst. with Impact Fee Loan 5 <br /> $ 55 , 607 <br /> TOTAL 45 <br /> $ 36 , 213 <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 # I -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 /> $ 149 , 536 . 90 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 />
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