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by the IRCLHAProgram will result in the provision of eligible <br />housing units for residents of the county. The housing units <br />assisted can be expected to serve various populations of <br />eligible recipients. Table 1 and Table 2, provided as Exhibit <br />"A" and "B", respectively in Section VI of this document, list <br />the Housing Delivery Goals for funds provided by the SHIP <br />Program. The delivery goals listed in Tables 1 and 2 may be <br />expected to result in the construction, rehabilitation and <br />homeownership activities as referenced in Section III.A.4 of <br />this document. These construction, rehabilitation and <br />homeownership activities are listed in Table 3 following which <br />re resents the estimated expenditures for ® the <br />1994-1995 Fiscal Year®: <br />Table 3 <br />Estimated SHIP Fund Expenditures <br />for Construction, Rehabilitation, and Homeownership <br />Activities by Assistance Strategy <br />FY 1994-1995 <br />Construction/ <br />Assistance Strategy Rehabilitation % of $225,000 Homeownership of 225,000 <br />Impact Fee Grant <br />(new construction <br />or rehabilitation) s ■ 5,000.00 2 $ ■ 5,000.00 2 <br />Impact Fee Grano <br />(existing home 2,500.00 <br />w/o rehabilitation) 0.00 ( ■) 0 1 <br />Impact Fee Loan <br />(new construction <br />or rehabilitation) 18,000.00 ( ■) 6 18 000.00( ■) S <br />Impact Fee Loan <br />(existing home 2,500.00 <br />w/o rehabilitation) 0.00 ( ■) 0 I <br />Downpayment/closing -- <br />Cost Loan (new <br />construction/prior <br />rehabilitation) 0 101,000.00 (®) 45 ■ 101,000.00 (30%) 45 <br />Downpaymsnt/Closing <br />Cost Loan (existing <br />hoer w/o rehab) 0.00 0 36 000.00 25 <br />Land Acquisition Loan 7,000.gO 3 7,000.00 3 <br />Rehabilitation Loan 75,000.00 ( ) 33 33,000.00 ( ) 15 <br />Land Baru 0.00 0 0.00 0 <br />TOTAL <br />206,000.00 91 225,000.00 100 <br />Total SHIP Funds Py 1994-95 $250,000.00 Total SHIP Fund. or FY 1995-96 or nY 1996-97 $574,322 <br />Administrative Expenses 25,000.00 Administrative Expenses $ 57,432.00 <br />Remaining Balance $225,000.00 Remainieg Balance $526,890.0 <br />The estimates for fiscal year 1995-1996, and 1996-1997 will be <br />twice as much as estimates for fiscal year 1994-95 <br />The estimates listed in Tables 1, 2 and 3 shall not be <br />considered binding requirements to be satisfied by the <br />IRCLHAProgram. The estimates shall serve as references in <br />conducting the IRCLHAProgram, and may be utilized in <br />comparison to completed assistance activities of the <br />IRCLHAProgram. <br />36 <br />