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It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of April 3. 2001. BACKGROUND The county's Local Housing Assistance Program has been in effect since June of 1993. During that time, the county has provided 456 loans to individual applicants who applied for assistance. According to state rules and regulations as well as the county's requirements, SHIP funds may also be used to supplement or match other state and federal funds. In the past, the Board of County Commissioners has set aside SHIP funds for certain projects or non- profit groups. with the requirement that these setaside funds be used consistent with SHIP program rules and regulations. These setasides consist of the following: • In 1997, the county used SHIP funds to match CDBG funds in the Wabasso area. These SHIP funds were provided as impact fee/rehabilitation loans to eligible applicants within the project area. ` • In September 1999, the Board of County Commissioners agreed to set aside $150,000 of SHIP funds each year for the next three fiscal years as a HOME program match for an affordable housing developer. These SHIP funds will be provided as impact fee loans to eligible applicants who will purchase homes in the developer's HOME project. At this time, the developer's HOME application is going through the final approval. • In 2000, the Board of County Commissioners set aside $200.000 ($100.000 for FY 2001-02 and $100,000 for FY 2002-03) of SHIP funds for the Indian River County Homeless Task force to be used as a match for a HUD application. These SHIP funds are to be provided as downpayment/closing cost and/or rehabilitation loans to eligible applicants who were former homeless persons. Recently, the Board approved $60.000 of the $200.000 to be used for homeless shelter rehabilitation consistent with the provisions of the SHIP rental rehabilitation program. • In 2000. the Board also set aside $200,000 of SHIP funds for Habitat For Humanity's (HFH's) clients for FY 2000-01. Since inception of the SHIP program, the county has worked closely with Habitat for Humanity (HFH) and has provided SHIP funds to a number of HFH clients. HFH constructs owner occupied housing for the county's very low and low income residents, and SHIP funds are used to provide downpayment/closing cost. land acquisition and impact fee assistance to HFH's clients. As indicated in the attached letter dated February 15, 2001, Habitat For Humanity (HFH) has informed the county that HFH will increase its production next year. In FY 2001-2002. HFH is planning to build 12 units. Since county assistance for the HFH homes ranges from $20,000 to $26.200 per unit, HFH has requested that the county set aside approximately $300.000 of FY 2001- 2002 SHIP funds for HFH's clients. April 3, 2001 74 iii 762 r