2003-059 - Laserfiche WebLink

Home Browse Search

w • r C . Estimated Unit Assistance and Pricing for the IRCLHAProgram • Use of the listed Local Housing Assistance Program g m Strategies by the IRCLHAProgram will result in the provision of eligible housing units for residents of the county . The housing units assisted can be expected to serve various populations of eligible recipients . Exhibits " A " , " B " and " C " , respectively list the Housing Delivery Goals for funds provided by the SHIP Program for FY 2003 - 2004 , FY 2004 - 2005 , and FY 2005 - 2006 . The estimates listed in Exhibits " A " , " B " and " C " shall not be considered binding requirements to be satisfied by the IRCLHAProgram . The estimates shall serve as references in conducting the IRCLHAProgram , and may be utilized in comparison to completed assistance activities of the IRCLHAProgram . D . IRCLHAProgram Administration / Implementation Activities The IRCLHAProgram shall be administered and implemented by the Indian River County Community Development Department , The Community Development Department may , with the approval of the Indian River County Board of County Commissioners , contract - out with private or public , profit or non - profit organizations for services to conduct one or more administration or • implementation activities of the IRCLHAProgram . The general administration and implementation activities for the IRCLHAProgram shall comply with the guidelines and procedures established for the administration and implementation activities listed in the following sections : 1 . Program Expenditures A maximum of ten percent ( 10 ) of the annual local distribution to the Indian River County Local Housing Assistance Trust Fund ( IRCLHATF ) may be expended to provide for the costs of administering and implementing the IRCLHAProgram . The Board of County Commissioners has made a finding by separate resolution that expenditures for administration and implementation of the IRCLHAProgram may exceed five percent ( 50 ) of the IRCLHATF annual balance ; however , at no time shall the funds expended for administration and implementation of the IRCLHAProgram exceed ten percent ( 100 ) of the local distribution for that fiscal year . Besides the state annual allocation , the SHIP program trust fund receives other income from sources such as loans that are paid back and interest earned on the funds deposited into the affordable housing trust fund . These funds are referred to as • program income . According to state rules , five percent ( 50 ) of the program funds may be used for administration expenditures . 49