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FORM 2: Rents and Compliance Summary Submittal Data: <br />Section 420.9075(b1, fcl. (d), (a) F.S. 8/22/00 <br />FLORIDA HOUSING FINANCE AGENCY - SHIP PROGRAM ANNUAL, REPORT <br />'For State Fiscal Year: 1998-1999 Name of Local Entity: Indian River County <br />Table A: Rental Unit Information <br />Strategy Description _ Rental Rates -Actual <br />Efficiency I-Hedroo 2 -Bedroom 3 -Bedroom 4 -Bedroom <br />Sn anF <br />TI nn 00 4f).00 <br />7 RF.HAR TLiTATION LOAN S11 [; {) SO ( Sd (}❑ Cd OU r,4 �0 <br />iaD.te Fe: xecap or Functing Sources for Units Produced <br />aource or tunas r.or <br />Amount of Funds <br />Percentage <br />SHIP Funds expended <br />$891,313.05 <br />24 <br />Public Moneys expended <br />$02,100,00 <br />2 <br />Private Funds expended <br />$2,654,379.00 <br />72 <br />Owner Equity <br />$34,864.28 <br />1 <br />Total Value of All Units <br />$3,662,657.13 <br />100 <br />Table c: SHIP Program Compliance Summary - Home ownership/Con <br />A B Trust <br />Compliance Category SHIP Funds Fund ** 7 <br />HOME OWNERSHIP 091,313,85 957,045.14 <br />CONSTRUCTION REHABILITATIoII 850,892.23 957,046.14 <br />Include amounts expended, encumbered, 4 unencumbered pro}ected) in this table <br />" Trust Fund equals Dlstribut.ion plus Recaptured Funds <br />Table D: Program Compliance - Income Set -Asides <br />(1) Proaram vmmnli a h., tYr; o ere t: <br />truction/Rehab* <br />C FL Statut <br />)f Trust Fund Mi^i+*,,m $ <br />93 65% <br />89 751 <br />A <br />B <br />c _--c-07—B-1—cal. <br />C <br />Income Category <br />Units <br />Grand Tot Units <br />TOL '6 of <br />Very Low Income <br />23 <br />64 <br />36 <br />Low Income <br />37 <br />64 <br />58 <br />Moderate Income <br />4 <br />64 <br />6 <br />TOTAL <br />69 <br />64 <br />100 <br />(2) Program Compliance by Funds Expended (If Applicable) <br />A B C D <br />E <br />Total * <br />I of Tota. <br />Income CategoryS SHIP SRIF $ SHIP $ <br />Total <br />AV iiluUle <br />Available <br />Very Low Income 176,091-02r7 <br />0.00 0.00 <br />376,091.02 <br />A <br />982,9[78.15 <br />38 <br />Low Income 464,536.46 0.00 0.00 <br />404,536.46 <br />982,908.15 <br />49 <br />Moderate Income 30,666.37 6.00 0.00 <br />30,686.37 <br />982,908.15 <br />3 <br />TOTAL 891,313.85 0.00 0.U0 <br />891,313.85 <br />982,908.15 <br />91 <br />"Total Available Funds" equals OFstribution + Recaptured Funds 1 Program <br />• From Form 1 Table 9 Column 8 total <br />Income + Carry Over Funds + Other Funds <br />Value of SHIP Number of SHIP <br />Value of <br />Number of <br />Average <br />Income Category Mortgages Mortgages Average <br />SHIP <br />SHIP <br />Grant <br />"ry LQw <br />r <br />Low Income 484,536.46_ 37 13 095.58 <br />0.00 <br />7 <br />0 <br />Moderate Income 30,6B6.37 4 7 671.59 <br />O.pO <br />0 <br />0.00 <br />TOTAL 795,623.05 57 13,961.82 <br />95,490.00' <br />7 <br />0.00 <br />13,641.43 <br />Total Amount of. * 5% •* 10% <br />Total <br />Proal Income <br />0 Tn PAn vi ­hSa ;m._ _ <br />n11.. n.i <br />Fn 15 rrm. <br />$22,966.49 $1.148.32 N A <br />1148.32;n <br />' Countle5 and Eligible tiuniclpaiities Which receive (sore than the mirsrr.:Luu distributicrt, <br />_ <br />•• Counties and Eligible Municipalities 4hich receive the minimum distribution or less <br />SHIP Aft/99-1 <br />