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the United States Housing Act of 1937. The maximum unit <br />sales/purchase price shall be adjusted accordingly each year. <br />For the initial 1992-1993 operating year of this Plan, the <br />median area purchase prices for Indian River County are as <br />follows: <br />New Unit Maximum Purchase Price: $95,400.00 <br />Existing Unit Maximum Purchase Price: $83,160.00 <br />The median area purchase price utilized for application review <br />shall be that price which is in of fect at the time an eligible <br />person or sponsor applies for participation in the <br />IRCLHAProgram. <br />6. Housing Unit Rental Rates <br />Rental rates for housing units provided or acquired with <br />assistance from the IRCLHAProgram shall conform with the fair <br />market rental rates adjusted for housing unit size and <br />established annually by the United States Housing and Urban <br />Development (HUD) Section 8 Program for housing units in <br />Indian River County. The rental rates ,include expenditures <br />for rent and utilities, excluding Cable Television (CATV) and <br />telephone service, and shall be adjusted accordingly each <br />year. <br />For the initial 1992-1993 operating year of the Plan, the <br />Section 8 Program maximum rental rates for housing units based <br />upon unit size for Indian River County are as follows: <br />Unit Type <br />Efficiency/0 Bedroom <br />1 Bedroom <br />2 Bedroom <br />3 Bedroom <br />4 Bedroom <br />Maximum Unit Price <br />390.00 <br />470.00 <br />550.00 <br />690.00 <br />780.00 <br />Eligible sponsors or persons may qualify to receive assistance <br />under one or more of the IRCLHAProgram's Assistance Strategies <br />(Please see Section III.B. of this Plan.). Applicants <br />receiving assistance under more than one Assistance Strategy <br />shall comply with the following limitations and requirements: <br />a. The combined maximum monetary award per housing <br />unit which may be provided from any one or more of <br />the IRCLHAProgram Assistance Strategies shall not <br />exceed $15,000.00. <br />Awards for Housing <br />Units <br />7. <br />Combined <br />Assistance Strategy <br />Eligible sponsors or persons may qualify to receive assistance <br />under one or more of the IRCLHAProgram's Assistance Strategies <br />(Please see Section III.B. of this Plan.). Applicants <br />receiving assistance under more than one Assistance Strategy <br />shall comply with the following limitations and requirements: <br />a. The combined maximum monetary award per housing <br />unit which may be provided from any one or more of <br />the IRCLHAProgram Assistance Strategies shall not <br />exceed $15,000.00. <br />