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<br /> FORM 2: Rents and Compliance Summary Submittal Date: 8/17/2004
<br /> Section 420.9075(b), (c), (d), (g), F.S. Fiscal Year : 2003-2004
<br /> FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT
<br /> Name of Local Entity: Indian River County
<br /> Table A: Rental Unit Information
<br /> RENTALRATES - ACTUAL
<br /> If rents vary for the same unit, enter gresteal amount
<br /> A B C D E
<br /> STRATEGY DESCRIPTION Eff. 1 Bed 2 Bed 3 Bed 4 Bed
<br /> Table B : Recap of Funding Sources for Units Produced
<br /> Source of $$ Produced thru June 30th for Units Amount of Funds Expended to Date % of Total Value
<br /> A B C
<br /> SHIP Funds Expended $83,766.00 5 .45%
<br /> Public Moneys Expended $ 143,615.60 9.34%
<br /> Private Funds Expended $ 1 ,310,913.00 85 .22%
<br /> Owner Equity
<br /> Total Value of All Units $ 12538 ,294.60 100.00%
<br /> Table C: SHIP Program Compliance Summa - Home Ownership/Construction/Rehab'
<br /> Compliance Category SHIP Funds' Trust Fund " % of Trust Fund (YTD) FL Statute Minimum %
<br /> A B C D E
<br /> HOME OWNERSHIP $615,683.50 $955 048 .00 64 .47% 65%
<br /> CONSTRUCTION/REHABILITATION $6150683.50 $9559048.00 64 .47% 75%
<br /> Include amounts expended, encumbered, & unencumbered (projected) in this table
<br /> "Trust Fund equals Distribution plus Recaptured Funds
<br /> Table D: Program Compliance - Income Set-Asides
<br /> Program Compliance by Funds Expended, Encumbered, Unencumbered (projected)
<br /> SHIP $ Encumbered SHIP $ Projected
<br /> Total Avaliable % of Total Available
<br /> Income Category SHIP $ Expended Total A+B+C Funds Funds
<br /> A B C D E F
<br /> Very-Low Income $21 t1l69.00 $382,816.48 $229P769 .40 $633,754.88 $ 111328446.76 47.71 %
<br /> Low Income $ 14w990.00 $ 135,771 .02 $368 ,848.37 $519$609.39 $ 1 ,328446. 76 39 . 11 %
<br /> Moderate Income $47,607.00 $ 13,330.00 $60,937.00 $ 1 ,328 ,446. 76 4.59%
<br /> TOTAL $83 ,766 .00 $531 ,917.50 $598,617.77 $ 1 ,214 ,301 .27 $ 1 ,328 ,446 .76 91 .41 %
<br /> 'Total Available Funds" equals State Distribution + Recaptured Funds + Program Income + Carry Over Funds + Other Funds.
<br /> 'From Form 1 Table B Column B total
<br /> Table E: S ecial Ter et Groups for Funds Ex ended i.e. teachers nurses law enforcement fire fi hters etc. Set Aside
<br /> Strategy Descri tion Special Target G up Expended Funds Total # of Expended Units
<br /> A B C D
<br /> Total
<br /> Table F: Project Funding for Expended Funds Only
<br /> Total SHIP # of SHIP
<br /> Income Category Mortgages, Loans Mortgages, Loans Average Loan Total of SHIP Average Grant Total #
<br /> and DPL's and DPL's Amount Grants # of SHIP Grants Amount Total SHIP Funds Expended of Units
<br /> A B C D E F G H
<br /> Very-Low Income $21 , 169.00 1 $21 , 169.00 $21 , 169 .00 1
<br /> Low Income $ 14 ,990.00 1 $ 14,990.00 $ 14,990 .00 1
<br /> Moderate Income $47,607.00 4 $ 11 ,901 .75 $47,607 .00 4
<br /> TOTAL $83,766.00 6 $13,961 .00 01 01 0 $83,766.00 6
<br /> Table G : Allowable Administration Set Aside from Program Income
<br /> Total Amount of Total Program Income Allowed for Total Administration
<br /> Program Income 'S% Maximum " 10% Maximum Administration Income Used
<br /> A B C D E
<br /> $372 ,813 .85 $ 18,640.69 $ 18,640.69
<br /> Counties and Eligible Municipalities which receive more than the minimum distribution.
<br /> Counties and Eligible Municipalities which receive the minimum distribution or less.
<br /> Table H : Allowable Administration Set Aside from Disaster Funds
<br /> Total Amount of Total Disaster Funds Allowed for Total Administration
<br /> Disaster Funds 'S% Maximum "10% Maximum Administration Income Used
<br /> A B C D E
<br /> Counties and Eligible Municipalities which receive more than the minimum distribution.
<br /> Counties and Eligible Municipalities which receive the minimum distribution or less.
<br /> SHIP AR/02-1 894
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