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• implementation activities as outlined for the <br /> assistance strategies identified , or for the <br /> provision of support services as identified in <br /> this Plan . <br /> d . All funds deposited .into the local housing <br /> assistance trust fund for each state fiscal year <br /> shall be encumbered within 12 months following the <br /> end of the fiscal year and shall be expended within <br /> 24 months following the end of the fiscal year . <br /> 5 . Housing Unit Sales / Purchase Price <br /> In no case shall the sale / purchase price of new or existing <br /> eligible housing exceed 90 percent of . the average area <br /> purchase price where the eligible housing is located . Per <br /> Florida Housing Finance Corporation , 900 of the average <br /> purchase price for Indian River County is $ 255 , 930 . 00 for new <br /> homes and $ 177 , 366 . 00 for existing homes . Since the county is <br /> allowed to establish a lower limit , the maximum purchase price <br /> for both new homes and existing homes for Indian River County <br /> is hereby established as $ 154 , 896 . 00 , corresponding to the <br /> FHA ' s maximum purchase price for the county . The <br /> • sale / purchase price of a home includes all components that <br /> make up the home ' s total value including land value , site <br /> improvements , impact fees , and unit construction costs . <br /> 6 . Combined Assistance Strategy Awards for Housing Units <br /> Eligible sponsors or persons may qualify to receive assistance <br /> under one or more of the IRCLHAProgram ' s Assistance <br /> Strategies . The following limitations and requirements apply <br /> to applicants receiving assistance under more than one <br /> Assistance Strategy : <br /> a . The combined maximum monetary award per housing <br /> unit which may be provided from any one or more of <br /> the IRCLHAProgram Assistance Strategies shall not <br /> exceed the combined maximums allowed by appropriate <br /> strategies for appropriate income category . <br /> b . The income status of an eligible person occupying a <br /> housing unit receiving assistance from one or more <br /> IRCLHAProgram Assistance Strategies shall comply <br /> with the income classification restrictions as <br /> specified by the applicable Strategies . <br /> 7 . Insurance and Property Tax Requirements for Assisted <br /> Housing Units <br /> a . All owners shall maintain valid Homeowners <br /> 9 <br />