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The following table indicates the SHIP allocations and number of loans given to eligible applicants <br />by fiscal year and by income category. <br />SHIP PROGRAM REPORT <br />FY <br />MOUNT OF <br />HIP FUNDING <br />state funding <br />nly) <br />OF LOANS <br />APPROVED <br /># AND % OF LOANS APPROVED <br />BY INCOME CATEGORY <br />I <br />% <br />I <br />% <br />9 <br />% <br />2-93 <br />250,000.00 <br />41 <br />13 <br />31.7117 <br />1.66 <br />11 <br />6.83 <br />3-94 <br />250.000.00 <br />37 <br />12 <br />2.4318 <br />8.65 <br />7 <br />18.92 <br />-95 <br />250,000.00 <br />0 <br />11 <br />6.6713 <br />3.33 <br />0.00 <br />-96 <br />565.773.00 <br />8 <br />19 <br />2.76 <br />5 <br />0.34 <br />6.90 <br />-97 <br />632,136.00 <br />4 <br />5 <br />47.3034 <br />5.95 <br />6.76 <br />17-98 <br />622,455.00 <br />5 <br />2 <br />3.85 <br />6 <br />5.38 <br />10.77 <br />-99 <br />903,723.Q0 <br />3 <br />5.94 <br />7 <br />7.81 <br />.25 <br />-2000 <br />749,773.00 <br />5 <br />19 <br />42.2221 <br />6.67 <br />11.11 <br />111.84 <br />OTAL <br />5,122.476.00 <br />K14 <br />153 <br />136.96 <br />212j.21 <br />9 <br />VLI: Very Low Income <br />LI: Low Income <br />MI: Moderate Income <br />The table below indicates the number of loans foreclosed and the number of loans paid back to the <br />Housing Trust Fund to be utilized by other applicants. <br />SHIP Program Loan Foreclosures or Repayments <br />Total number of loans <br />granted <br />Foreclosure Action <br />Loan Repayments <br />Number <br />% of Total <br />Number <br />% of Total <br />414 (as of 6/7/00) <br />9 <br />2.17 <br />24 <br />5.80 <br />As per the requirements of the SHIP Program, the county must submit an annual report for each <br />fiscal year for which SHIP funds have been used. These reports must be signed by the Chairman of <br />the Board of County Commissioners or his designee. The closeout reports for FY 1992-93, FY <br />1993-94, FY 199495, FY 1995-96, FY 1996-97, and FY 1997-98 were previously submitted to the <br />state. Attached to this staff report are the county's SHIP Program FY 1998-99, and FY 1999-00 <br />annual reports. All funds for FY 1998-99 and FY 1999-2000 have been expended, and the attached <br />reports are the closeout reports for these fiscal years. The SHIP annual reports must be submitted <br />to the state by September 15, 2000. <br />AUGUST 22, 2000 <br />-12- <br />0 <br />-I <br />