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very low-income households. C. A minimum of thirty percent (30%) of the funds must be utilized by households which are classified as low-income households. d. Each individual IRCLHAProgram Assistance Strategy shall further identify the income classification of eligible persons who may occupy the housing unit. 3. Income Classification Levels The income levels utilized to identify very low-, low-, and moderate -income eligible persons for participation in the IRCLHAProgram shall be the gross income limits adjusted for family size which are published annually by the Florida Housing Finance Corporation. 4.Monetary Allocations Funds from the Indian River County Local Housing Assistance Trust Fund (IRCLHATF) shall be distributed in conformance.with the following distribution requirements: a. A minimum of seventy-five percent (750) of each fiscal year's funds in the IRCLHATF shall be expended .on Indian River County Local Housing Assistance Program Strategies which encompass construction, rehabilitation or emergency repair activities for eligible housing which will be utilized by eligible persons. b. A minimum of sixty-five percent (650) of each fiscal year funds in the IRCLHATF shall be expended on Program Strategies which result in homeownership for eligible persons or assist and improve housing units owned by eligible persons. An initial, transfer of title for an assisted housing unit between an eligible non-profit organization sponsor and an eligible person(s) acquiring the unit via a lease -purchase agreement shall not be considered the resale of the unit requiring repayment of the loan amount, and applicable interest amount. C. One hundred percent (1000) of all funds held in the IRCLHATF shall be expended in a manner consistent with this Plan and Section 420.907 of the Florida Statutes (F.S.). All funds expended from the IRCLHATF shall be expended for administration and U