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r <br />BOOK i1 <br />SHIP PROGRAM REPORT <br />FY <br />I OUNT OF <br />HIP FUNDINGAPPROVED <br />state fending <br />n1y) <br />OF LOANS <br /># AND % OF LOANS APPROVED <br />BY INCOME CATEGORY <br />VL1 <br />10/0 <br />I <br />% <br />% <br />2-93 <br />250,000.00 <br />41 <br />13 <br />31.71117 <br />41.66 <br />111 <br />6.83 <br />3-94 <br />250,000.00 <br />37 <br />12 <br />32.43118 <br />48.65 <br />6 <br />18.92 <br />495 <br />250,000.00 <br />0 <br />11 <br />36.67113 <br />43.33 <br />6 <br />20.00 <br />5-96 <br />565,773.00 <br />58 <br />19 <br />32.76135 <br />60.34 <br />4 <br />6.90 <br />6-97 <br />632,136.00 <br />74 <br />35 <br />47.3034 <br />45.95 <br />5 <br />6.76 <br />7-98 <br />622,455.00 <br />65 <br />22 <br />33.8536 <br />55.38 <br />7 <br />110.77 <br />8-99 YTD <br />903,723.00 <br />58 <br />21 <br />06.21 <br />4 <br />58.62 <br />3 <br />5.17 <br />9-2000 <br />750,775.00 <br />OTAL <br />k4,224,862.00 <br />63 1133 <br />b6.641187 <br />1.52 143 <br />11.85 <br />icer. iiiaiya <br />VLI: Very Low Income <br />LI: Low Income <br />MI: Moderate Income <br />The new plan basically will be a continuation of the county's existing plan with only minor changes. <br />In the revised plan, additions to the existing plan are shown as underlined, and deletions are shown <br />as eke-thn As proposed, the new plan encompasses updated income information and projected <br />expenditures for the new fiscal years. While no new assistance strategies are proposed, one plan <br />revision will expand the impact fee loan strategy to cover moderate income households. The <br />existing plan provides impact fee loans only to very low and low income households. No other <br />substantive changes are proposed. <br />As drafted, the proposed plan meets all state and local requirements. Once adopted and approved <br />by the state, the Local Housing Assistance Plan will provide the basic fiamework and operating <br />procedures for the SHIP program for FY2000-2001, FY 2001-2002, and FY 2002-2003. This <br />includes SHIP program strategy qualification requirements and other provisions . <br />With respect to the new 3 year Local Housing Assistance Plan, the Board of County Commissioners <br />has three alternatives. These are: <br />adopt the new plan <br />adopt the new plan with changes <br />reject the new plan <br />Staff supports either of the first two alternatives. <br />AUGUST 17, 1999 <br />28 <br />