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RESOLUTION NO 2006- 162 <br />Section 5. <br />The county's maximum assistance from SHIP funds shall be <br />seventy thousand dollars ($70,000.00) per unit; average <br />assistance will be thirty-five thousand dollars ($35,000.00) <br />per unit. <br />The following table indicates the average and maximum SHIP <br />funds allowable per unit for each strategy. <br />STRATEGY <br />AVERAGE LOAN <br />AMOUNT ($) <br />MAXIMUM LOAN <br />AMOUNT ($) <br />Impact Fee Grant <br />13,000.00 <br />20,000.00 <br />Impact Fee Loan <br />13,000.00 <br />20,000.00 <br />Downpayment/Closing Cost Loan <br />35,000.00 <br />50,000.00 <br />Rehabilitation Loan <br />40,000.00 <br />50,000.00 <br />Rehabilitation Grant <br />40,000.00 <br />50,000.00 <br />Land Acquisition Loan <br />40,000.00 <br />50,000.00 <br />Emergency/Disaster Repair Grant <br />12,000.00 <br />15,000.00 <br />Section 6. <br />Consistent with Revenue Proclamation 2006-17 dated March 2006, <br />the maximum purchase price for Indian River County is hereby <br />established as $253,125.00 for new or existing homes and <br />condominiums. <br />The foregoing resolution was offered by Commissioner <br />Bowden , and seconded by Commissioner Davis , and being <br />put to a vote, the vote was as follows: <br />3 <br />