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1998-090
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1998-090
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3/3/2016 9:38:39 PM
Creation date
1/7/2016 4:35:55 PM
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Resolutions
Resolution Number
1998-090
Approved Date
09/01/1998
Resolution Type
Amending Local Housing Assistance Plan for FY 98-99 & 99-2000
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Maximum Affordable Rent by <br /> Income Category and by <br /> Number of Bedrooms in Unit <br /> Income NUMBER OF BEDROOMS IN UNIT <br /> Category <br /> EFF. 1 2 3 4 <br /> VLI (lees $375 $401 $495 $557 $622 <br /> than 508 <br /> of median <br /> incomeâ–º <br /> LI $600 $643 $772 $891 $995 <br /> (between <br /> 518 to 808 <br /> of median <br /> income) <br /> Source: Florida Housing Finance Agency <br /> 7. Combined Assistance Strategy Awards for Housing Units <br /> Eligible sponsors or persons may qualify to receive assistance <br /> under one or more of the IRCLHAProgram's Assistance <br /> Strategies. Applicants receiving assistance under more than <br /> one Assistance Strategy shall comply with the following <br /> 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 the combined maximums allowed by appropriate <br /> strategies for appropriate income category. <br /> b. The income status of an eligible person occupying a <br /> housing unit receiving assistance from one or more <br /> IRCLHAProgram Assistance Strategies shall comply <br /> with the income classification restrictions as <br /> specified by the applicable Strategies. <br /> 8. Financial Standing of Eligible Housing Units <br /> Owners of all eligible housing units receiving assistance from <br /> the IRCLHAProgram shall be required to maintain good financial <br /> standing in relation to their respective housing units as <br /> follows: <br /> a. All owners shall maintain valid Property Owners or <br /> Homeowners Insurance, as appropriate, for their <br /> respective units. For owner financed mortgages, <br /> 11 <br />
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