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J <br /> RESOLUTION NO . 2003 - 026 <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 Board of County Commissioners <br /> Chairman . <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 shall be <br /> thirty - five thousand dollars ( $ 35 , 000 . 00 ) per unit ; average <br /> assistance will be fifteen thousand dollars ( $ 15 , 000 . 00 ) per <br /> unit . <br /> Section 6 . <br /> The following table indicates the average and maximum SHIP <br /> funds allowable per unit for each strategy . <br /> STRATEGY AVERAGE LOAN AMOUNTMAXIMUM LOAN <br /> ( $ ) AMOUNT ( $ ) <br /> Impact Fee Grant 51000 . 00 71500 . 00 <br /> Impact Fee Loan 51000 . 00 71500 . 00 <br /> Downpayment / Closing Cost Loan 12 , 000 . 00 15 , 000 . 00 <br /> Rehabilitation Loan 15 , 000 . 00 20 , 000 . 00 <br /> Rehabilitation Grant 15 , 000 . 00 201000 . 00 <br /> Land Acquisition Loan 71500 . 00 91 15 , 000 . 00 <br /> Land Bank - Market Purchase Loan 71500 . 00 15 , 000 . 00 <br /> Land Bank - Tax Deed Purchase 71500 . 00 151000 . 00 <br /> Loan <br /> 2 <br />