Laserfiche WebLink
Total Multi -Family Units: <br />Total Single -Family Units: <br />1.396 <br />60 <br />° Subsidized Rental Units <br />Besides subsidized rental projects, there are individual subsidized rental units within the county. <br />These are units whose residents receive a housing voucher or payment from the Section 8 program. <br />Administered by the Indian River Housing Authority, the Section 8 program subsidizes a portion of <br />a qualifying household's rent, with the amount of the subsidy varying with the household s income. <br />Currently, 267 households receive Section 8 assistance. <br />° Subsidized Owner Units <br />In addition to the subsidized rental units within the county, there are subsidized owner -occupied <br />units comprising the affordable housing supply. These are primarily units funded through the State <br />Housing Initiatives Partnership (SHIP) program. Besides SHIP subsidized units, there are also <br />owner -occupied units approved for construction through the HOME program. <br />As structured, the County's SHIP program provides assistance primarily to low Income and very low <br />income households primarily through low or no interest, deferred payment, subordinated loans for <br />downpayment/closing cost and/or rehabilitation assistance. As indicated in Table 6. 454 households <br />have received SHIP assistance since the FY 92-93 inception of the program. Like the SHIP program. <br />the HOME program leverages private mortgage sources and provides downpayment/closing cost <br />assistance to qualifying households. Currently, 67 HOME funded units are approved, but not <br />constructed. <br />TABLE 6 <br />SHIP PROGRAM REPORT <br />111111 <br />1119111II <br />I EIS Mill <br />• 2saoo0.t70 I8.9'_ <br />1113 MUM, <br />• 63'_.136.00 19 2!1111111111111.111 6.90 <br />62.455.00 1111111111111111111MEI Mill <br />6.76 <br />.. 903.723.00l11111111111111111111111 <br />.000 <br />749.773.00 5 <br />19 <br />• 0010.01 YTD =111 <br />• 1.205.592.00 <br />11111111111111111 <br />I6 <br />OTA L <br />1•1111.111111111111•1111112.50 <br />• 5.429.452.00 <br />SHIP funds mainly utilized for: Do wnpavmendclostng cost loan assistance. Rehabilitation loan asststancect tee eassistance_ <br />1.81 <br />• Affordable Housing Need <br />Based on the estimate of unmet affordable housing demand and affordable housing <br />supply, <br />affordable housing need can be estimated. With unmet affordable housing demand estimated <br />e at <br />12,000 units and affordable housing supply estimated at approximately 2 500 units, overall <br />affordable housing need can be estimated at approximately 9.500 units. <br />February 13, 2001 <br />BK 117 PGII14 <br />