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pr <br />UUUf1 �1 }- ��^. n .� <br />Of =ndian River County, Florida that: <br />Section 1. <br />The above recitals are ratified in their entirety <br />Section 2. <br />The attached Indian River County Local Housing Assistance Plan <br />for FY 2000-2001, 2001-2002, and 2002-2003 is hereby approved <br />by the Board of County Commissioners. <br />Section 3. <br />The Board of County Commissioners directs staff to submit two <br />copies of the Indian River County Local Housing Assistance <br />Plan to the Florida Housing Finance Corporation by certified <br />mail. A minimum of one of the two copies shall bear the <br />original signature of the authorized official. <br />Section 4. <br />The county shall continue utilizing ten percent (10%) of the <br />state SHIP allocation for administration of the SHIP program. <br />Section 5. <br />The county's maximum assistance from SHIP funds could be <br />thirty-nine thousand dollars ($39,000.00) per unit, and the <br />average assistance will be fourteen thousand dollars ($14,000) <br />per unit. <br />Section 6. <br />The following table indicates the average and maximum per unit <br />SHIP funds allowable for each strategy: <br />STRATEGY <br />AVERAGE LOAN AMOUNT <br />MA%IMUM LOAN AMOUNT <br />(S) <br />(S) <br />Impact Fee Grant <br />5,000.00 <br />7,500.00 <br />Impact Fee Loan <br />5,000.00 <br />7,500.00 <br />Downpayment/Closing <br />10,000.00 <br />15,000.00 <br />Cost Loan <br />Rehabilitation Loan <br />14,000.00 <br />20,000.00 <br />Rehabilitation Grant <br />14,000.00 <br />20,000.00 <br />Land Acquisition <br />7,500.00 <br />10,000.00 <br />Loan <br />Land Bank -Market <br />7,500.00 <br />10,000.00 <br />Purchase Loan <br />Land Bank -Tax Deed <br />7,500.00 <br />10,000.00 <br />Purchase Loan <br />AUGUST 17, 1999 <br />17J <br />30 <br />0 <br />