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Section 3 . <br /> The Board of County Commissioners directs staff to submit two copies of the Indian River County Local <br /> Housing Assistance Plan, the plan ' s certification page , and the approval resolution to the Florida Housing <br /> Finance Corporation . <br /> Section 4 . <br /> The county has determined that 5 % of SHIP funds is insufficient to administer the program . The county shall <br /> continue utilizing ten percent ( 10%) of the state SHIP allocation for administration of the SHIP Program . <br /> Section 5 . <br /> The following table indicates the average and maximum SHIP funds allowable per unit for each assistance <br /> strategy . <br /> STRATEGY AVERAGE LOAN MAXIMUM LOAN <br /> AMOUNT $ AMOUNT $ <br /> Impact Fee 10 Year Loan 13 , 000 . 00 20 , 000 . 00 <br /> Impact Fee Loan 13 , 000 . 00 201000 . 00 <br /> Down a ment/Closin Cost Loan 15 , 000 . 00 2000 . 00 <br /> Rehabilitation Loan 30 , 000 . 00 505000 . 00 <br /> Rehabilitation 10 Year Loan 30 , 000 . 00 50 , 000 . 00 <br /> Land Acquisition Loan 2000 . 00 205000 . 00 <br /> Emergency/Disaster Repair 10 Year Loan 20 , 000 . 00 3000 . 00 <br /> Low Income Housing Tax Credit ( LIHTC ) Matching 751000 . 00 * 1005000 . 00 * <br /> Grant <br /> * For the LHITC matching grant the loan amount is per project not per unit <br /> The county ' s maximum SHIP assistance to any household shall be fifty thousand dollars ($ 50 , 000 . 00 ) , and <br /> average SHIP assistance shall be thirty thousand dollars ($ 30 , 000 . 00) per household . <br /> Section 6 . <br /> Consistent with IRS Revenue Proclamation 2011 -23 , the maximum purchase price for Indian River County is <br /> hereby established as $ 258 , 607 . 00 for new or existing homes and condominiums . <br /> The foregoing resolution was offered by Commissioner Solari and seconded by Commissioner <br /> Fl escher , and being put to a vote, the vote was as follows : <br /> 6 <br />