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APPROVAL MASTER SECTION 8 ANNUAL CONTRIBUTIONS CONTRACT <br />The Board reviewed the following memo from the <br />Executive Director of the Housing Authority: <br />TO: Board of County Commissioners DATE: June 22, 1982 FI LE:' <br />THRU: B. Hardin, Jr., Ph. D. <br />Acting County Administrator <br />SUBJECT: Request for Approval of Master <br />Section 8 Annual Contributions <br />Contract No. A 3409 <br />FROM: EdZ J. " gin REFERENCES: <br />Executive Director <br />IRC Housing Authority <br />The Department of Housing and Urban Development has submitted a Master <br />Section 8 Annual Contributions Contract which is consistent with the motion <br />passed by the County Commission at its meeting of October 21, 1981. The <br />attached documents are for review and approval. <br />The Housing Authority is supervising the administration of the Rental <br />Assistance Program.for the County which is funded by the Department of HUD during <br />FY 1982 in the amount of $225,060.00. We are currently authorized to assist 126 <br />families; elderly, handicapped/disabled individuals. Currently, there are 108 <br />units under lease and there is a waiting list of 160 families. <br />This new contract adds 64 units and provides for an additional $212,112.00 <br />in rental assistance annually. Once the contract is executed, we will have the <br />capability of handling rental assistance for 190 families in any given month with <br />finding totaling $440,172.00 annually: This is a five year contract with funding <br />of $2,200,860.00. <br />The documentation required by HUD for their final approval and execution <br />of the contracts -is submitted for consideration and approval of the�Board of <br />County Commissioners. <br />(1) Five (5) copies of superseded Part 1 of the Annual Contributions <br />Contract, for Project No. FU9-E132-002 reflecting the addition <br />of 64 units and $215,112 in additional annual funding. <br />(2) HUD Form 52673 & 52672, Estimate of Total Required Annual <br />Contributions. <br />(3) Two (2) HUD Form 52663, Requisition for Partial Payment of Annual <br />Contributions. <br />(a) Quarter ending 9/30/82 <br />(b) Quarter ending 12/31/82 <br />The start-up funds and additional administrative fees for the 64 units will <br />cover their administrative costs. They will not add any administrative costs <br />-- to the County. , <br />Federal programs of assistance to low income families have been substant- <br />ially cut during FY 1982 and will be cut further during FY 1983. There are no <br />other currently available funds to provide an option to assist low income families <br />with their rental housing needs in Indian River County. <br />I recommend that the County Commission authorize the Chairman of the Board <br />to execute these documents for transmittal to the Jacksonville office of HUD. <br />21 <br />JUL 141992 nox 50 FAcf 456 <br />