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'NowtG-aff araable`h�G ursafr�n-activitiennd-'"'--�t+ootod+eRd-G �ata-relat+nga ^ids-and-demands-u44he <br /> GGURty- <br /> (4) -Rmounts-GA-deposit 44he-4iMaR-P,4ver-Gounty_Leval-bot+sing-Assistaase-must Fund rnay ),e <br /> invested-as-permitted-by-Fe era"'3tate-and--Lo-. law—Altinv�en+ <br /> retained-fn-the-IR� aty�.00 «=d--us slaall--l�e <br /> n-Diver-Ceu al-l-#ousing-Assistance-�.st-�-t}nd�nd-E+..ed fvr zne <br /> f ufpGses thereof <br /> r-tlae-purpeses-thereof-r GR4& the-lndia;i River-GnuntyLosaV_"G rsfpg <br /> Assistance--Trust-FURd shah be hog 1 } <br /> ur�ty L�isal feusira y the�ot�r�ty-selefY der-use-p-wsuaRt to the <br /> g-Assista� <br /> (6) The-IndiaR-R4ver-Gounty Lo al-Housiflg-Arsistaase-Trust-Fund shall--be-se ara <br /> peda4eve„�G�p„d-+n-the-Gou P tely-stated as <br /> a s r, ,e f,n RVS--acted-#+nancial s <br /> flaansial-&Wt- en±shall be4orwarded4G the F-{orada-1 lous�Pies s�+ch audited <br /> available. '►}9 F�nanse Agency-as-seon as <br /> (Ord No. 93-13, 4-6-93) <br /> Section 308.05. Establishment of the Indian River County Local Housing <br /> Assistance Program. <br /> (1) Consistent with the section 420-9072 F.S. and Rule 67-37 FAC the Indian River County <br /> Local Housing Assistance Program is hereby created and established. <br /> (2) The intent of the Indian River County Local Housing Assistance Program is to increase the <br /> availability of affordable housing units to Eligible Persons by combining local resources and <br /> cost-saving measures into an Indian River County Local Housing Partnership and using <br /> private and public funds to reduce the cost of housing. <br /> (3) The Indian River County Local Housing Assistance Program shall use the funds held in the <br /> Indian River County Local Housing Assistance Trust Fund to implement the Indian River <br /> County Local Housing Assistance Plan. <br /> (4) the distribution and-expend't e of funds ffern-tl�e IadiaR-Riv <br /> Fuad-#erplemeati mesal Housingrst <br /> �egr bQ-a�-�ebdt�stir}g-t#e-Indian-R+v ©usir}g-,4ssistanse <br /> � trio <br /> u#+on-req uirerx�ents= <br /> (a) A min+murn-e#-s+xty fiveefarl rcent-of-the-funds all h, seP,red frt�. al-1{Dosing <br /> Assistan isb-resultnD, eowne <br /> eve�ty-five-F7�-percent-0f-t#� f�ur,ds�f�ali bG reve..ed-fDr-sertstrustior}; <br /> and r <br /> rehabilitation er- gensy-repair--o€ ausin bl <br /> (G) 6 maximurxl-e#f+v f <br /> ndministrat+on-and plernentat+Dn-Of4he-Ind” I-H <br /> rd-of�ounty--Comn�issiDners�ay-m^'�e�T„cling <br /> CDunty-l.osaI--He c,^^ n " e-administer-and-implernenthe�ndian River <br /> va ...y.s���:sWeYer-at-io <br /> time shall-the funds-expended-for-admiaistrat" r <br /> GOURty LGGal4ous4iq-Assic',tanse r$gra <br /> (d) The percentages-identlfied4A-+tem bove-s#all--b _,,ed <br /> upoR44e--existing mabalanGe-w4un-ds in the Indian River CouRt)��! Heu6ing <br /> ar <br /> d on the first—ds o ' <br /> albca" -�-�f the�'f^ssal-ye xpeoted-aaat�al <br /> ameur�ts--determined-b rr�or�etary <br /> y t#e�erDentage-allosatipnr, shag-he sis <br /> durir*g he-fiscal-ye PAbe-_ful4ds4ece4ved4FGn!4 e-s#ate-asp-part <br /> of the seunty4 local.ho.usifl9 distribution itiORal contribulinng to thp in, n-River <br /> 4 <br /> 84 <br />