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St. Lucie County HOME Consortium <br />Introduction <br />In accordance with 24 CFR Section 91.415, the Lead Agency for the St. Lucie County <br />HOME Consortium has prepared a Strategic Pian which will cover a five-year period <br />from October 1, 2012 through September 30, 2017. It will bring together the needs <br />and resources identified in a coordinated housing strategy, which addresses the need <br />for safe, decent, affordable housing for homeowners. <br />Federal Goals <br />In accordance with the overall goals mandated by HUD's Consolidated Planning <br />process in accordance with 24 CFR Section 91.1, the overall goal of this plan Is to <br />Increase the availability of decent, safe, and affordable. housing to Income eligible <br />homeowners in the HOME Consortium's three counties through down payment <br />assistance to first time homebuyers and the rehablliXation of existing owner occupied <br />homes. Over the next five years the St. Lucie County HOME Consortium will assist <br />15 first time homebuyers purchase a home and rehabilitate 30 existing owner <br />occupied homes. <br />Time Period <br />The St. Lucie County Home Consortium's Strategic Plan will cover a five-year period <br />beginning October 1, 2012 through September 30, 2017. <br />Income Ranges <br />Recipients of assistance In this plan will fall into the following income categories: <br />Extremely Low Income Is 30% of the applicable county's AMI, <br />Very Low income is 50% of the applicable county's AMI, and <br />Low Income is up to..N% of the applicable county's.AMI. <br />Funding Resources <br />The St. Lucie County HOME Consortium proposes to use a combination of Federal, <br />state and local resources available to help address the needs outlined in this five- <br />year plan. The Consortium receives Federal ;resources from the HOME Investment <br />Partnerships program. In addition, meoibers of the Consortium also receive funding <br />from the State of Florida froim the SHIP program distributed by FHFC. Each county <br />also cgntributed a one time buy in to further address the needs of the consortium. <br />Pro osed Fundin Gross Amounts <br />.Z,,SY.y,rjF{`,.s.r* <br />�vi�R�t <br />.: SuJ+�.V`�' !y -v, rK <br />vk'1 �aA1�:: =i ���:RL <br />�a •M~%I,�� <br />469,683 <br />2,348,41L <br />+r..� <br />00 0 <br />500 000 <br />103,000 <br />51 000 <br />Yi`.cn,. r,� • �t: �4�Aa ✓ifi 1":'.JC?F,i'•F <br />ilk;' ,t 1�1�,bIV� <br />'l• <br />This chart includes administration at ten percent. <br />It is anticipated the Consortium will generate program Income from its various <br />activities, including loans, Interest payments, and other sources of income. Program <br />Income and/or recaptured funds generated through the HOME program will be <br />reallocated Into the activities that generated the revenue. <br />Five Year Consolidated Plan 2012-2017 4 <br />P233 <br />