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3 I <br /> units in the county . The fund will also assist non - profit <br /> facilitators with pre - development expenses associated with very <br /> low , low , and moderate income housing development . Some <br /> disbursements from the Housing Trust Fund will be grant , but the <br /> majority of funds will be revolving loans , with borrowers paying <br /> back principal and applicable interest into the trust , therefore <br /> ensuring a permanent source of financing . <br /> Housing Element Policy 4 . 5 <br /> POLICY 4 . 5 : The county shall enter into interlocal agreements with <br /> any county municipality which because of unusually high property <br /> values or coastal high hazard area constraints cannot meet is <br /> affordable housing needs within its jurisdiction , and desires to <br /> contribute to the Housing Trust Fund . The amount and method of <br /> payment will be established prior to execution . <br /> Housing Element Policy 4 . 6 <br /> POLICY 4 . 6 : The county shall maintain its affordable housing <br /> partnership with financial institutions for leveraging State <br /> Housing Initiatives Partnership Program ( SHIP ) funds . <br /> - Housing Element Policy 4 . 7 <br /> POLICY 4 . 7 : The county shall encourage increased home ownership by <br /> providing downpayment / closing cost loan assistance to eligible very <br /> low income , low income , and moderate income households through the <br /> county ' s local housing assistance program . <br /> Housing Element Policy 4 . 9 <br /> POLICY 4 . 9 : The county shall require all applicants for <br /> downpayment / closing cost loan assistance from the Indian River <br /> County Local Housing Assistance Program to attend a homebuyers ' <br /> educational program workshop as a prerequisite for getting a loan . <br /> The homebuyers ' educational program provides useful information to <br /> people wanting to buy their own home . Typical subjects presented <br /> are as follows : <br /> • Preparing for homeownership ( including budgeting , saving , <br /> etc . ) <br /> • Shopping for a home <br /> • Obtaining a mortgage ( qualifying , processing , etc . ) <br /> • Understanding mortgages and the closing process <br /> • Life as a homeowner ( includes maintenance and <br /> responsibilities ) <br /> • Credit and credit reports <br /> 80 <br />