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Page <br />I. INTRODUCTION 1 <br />Purpose and Intent 1 <br />Background 1 <br />Plan Effective Date and Duration 3 <br />Implementation Authorization 3 <br />II. DEFINITIONS 3 <br />III. THE INDIAN RIVER COUNTY LOCAL HOUSING <br />ASSISTANCE PROGRAM (IRCLHAProgram) 6 <br />A. General Program Requirements 6 <br />1. Advertisement and Notice of Fund Availability 6 <br />2. Housing Unit Occupancy 7 <br />3. Income Classification Levels 8 <br />4. Monetary Allocations 9 <br />5. Housing Unit Sales/Purchase Price 11 <br />6. Housing Unit Rental Rates 12 <br />7. Combined Assistance Strategy Awards for <br />Housing Units 12 <br />8. Financial Standing of Eligible Housing Units 13 <br />9. Non-discrimination Policy 13 <br />10. Recycled/Repaid Funds for the Indian River <br />County Local Housing Assistance Trust Fund <br />(IRCLHATF) 13 <br />11. Support Services for Eligible Recipients 13 <br />Be Local Housing Assistance Program Strategies 14 <br />1. Impact Fee Grants 14 <br />2. Impact Fee Loans 17 <br />3. Downpayment/Closing Cost Loans 19 <br />4. Land Acquisition Loans 22 <br />I <br />