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TABLE OF CONTENTS <br />Page <br />I. INTRODUCTION <br />1 <br />Purpose <br />and Intent <br />1 <br />Background <br />1 <br />Plan <br />Effective Date and Duration <br />3 <br />Implementation Authorization <br />3 <br />II. DEFINITIONS <br />3 <br />III. THE <br />INDIAN RIVER COUNTY LOCAL HOUSING <br />ASSISTANCE PROGRAM (IRCLHAProgram) <br />6 <br />A. <br />General Program Requirements <br />6 <br />1. <br />Advertisement and Notice of Fund Availability <br />6 <br />2. <br />Housing Unit Occupancy <br />7 <br />3. <br />Income Classification Levels <br />8 <br />4. <br />Monetary Allocations <br />9 <br />5. <br />Housing Unit Sales/Purchase Price <br />12 <br />6. <br />Housing Unit Rental Rates <br />12 <br />7. <br />Combined Assistance Strategy Awards for <br />Housing Units <br />13 <br />8. <br />Financial Standing of Eligible Housing Units <br />13 <br />9. <br />Non-discrimination Policy <br />13 <br />10. <br />Recycled/Repaid Funds for the Indian River <br />County Local Housing Assistance Trust Fund <br />(IRCLHATF) <br />14 <br />11. <br />Support Services for Eligible Recipients <br />14 <br />B. <br />Local Housing_ Assistance Program Strategies <br />14 <br />1. <br />Impact Fee Grants <br />15 <br />2. <br />Impact Fee Loans <br />18 <br />3. <br />Downpayment/Closing Cost Loans <br />20 <br />4. <br />Land Acquisition Loans <br />23 <br />i <br />