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FORM 2: Rents and Compliance Summary Submittal Date: 8/17/2004 Section 420. 9075(b) , (c), (d), (g), F.S. Fiscal Year 2002-2003 ( Close out Report ) FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT Name of Local Entity: Indian River County RENTAL RATES - ACTUAL K rents vary for the same unit, enter greatest amount A B C D E STRATEGY DESCRIPTION Eff. 1 Bed 2 Bed 3 Bed 4 Bed Table B: Recap of Funding Sources for Units Produced Source of $$ Produced thru June 30th for Units Amount of Funds Expended to Date % of Total Value A B C SHIP Funds Expended $ 1 ,327,092.04 26. 10 Public Moneys Expended $27,046.00 0.53 Private Funds Expended $3,7319148 .00 73.37 Owner Equity Total Value of All Units $5,0851286.04 100.00 Table C: SHIP Program Compliance Summa - Home Ownershi /Construction/Rehab' Compliance Category SHIP Funds' Trust Fund " % of Trust Fund FL Statute Minimum % A B C D E HOME OWNERSHIP $ 1 327 092.04 $ 1 , 195, 168.00 111 65% CON STRUCTIONIREHABILITATION $ 1 ,327,092.04 $ 1 , 195 , 168 .00 111 75% Include amounts expended, encumbered, & unencumbered (projected) in this table "Trust Fund equals Distribution plus Recaptured Funds Table D: Program Compliance - Income Set-Asides Program Compliance by Funds Expended, Encumbered, Unencumbered (projected) SHIP $ Encumbered SHIP $ Projected Total Avaliable % of Total Available Income Category SHIP $ Ex ended Total A+B+C Funds Funds A B C D E F Very-Low Income $716,546.88 $716,546.88 $ 1 P4602367.38 49.07% Low Income $500,548.56 $500,548 .56 $ 1 460 367.38 34.28% Moderate Income $ 1091996.60 $ 109,996.60 $ 1 ,460,367.38 7.53% TOTAL I $ 1 ,327tO92.041 $ 1 w327,092.041 $ 1 ,4609367.38 90.87% "Total Available Funds" equals State Distribution + Recaptured Funds + Program Income + Carry Over Funds + Other Funds. 'From Form 1 Table B Column B total Table E: §pecial Tar et Grou s for Funds Exmer ded i .e. teachers nurses low enforcement fire fighters, etc. I Set Aside Strategy Description Special Target Group ended Funds Total # of Expended Units A B C Table F: Project Funding for Expended Funds Only Total SHIP # of SHIP Income Category Mortgages , Loans Mortgages, Loans Average Loan Total of SHIP Average Grant Total and DPL's and DPL's Amount Grants # of SHIP Grants Amount Total SHIP Funds Expended of Units A B C D E F G H Very-Low Income $54318770 29 $ 1873061 173359. 18 11 $ 159759.93 $716546.88 40 Low Income Moderate Income $ 109,996 .60 8 $ 13,794.58 $ 109,996.60 8 TOTAL 1 $ 1 , 153 ,732.861 73 $ 15,804.561 $ 173T359. 181 11 $ 15,759.931 $ 1 ,327,092.04 84 Table G : Allowable Administration Set Aside from Program Income Total Amount of Total Program Income Allowed for Total Administration Pro ram Income •5°6 Maximum "10% Maximum Administration Income Used A B C D E 263472.59 $13, 173.63 $13, 173.63 Counties and Eligible Municipalities which receive more than the minimum distribution. " Counties and Eligible Municipalities which receive the minimum distribution or less. Table H: Allowable Administration Set Aside from Disaster Funds Total Amount of Total Disaster Funds Allowed for Total Administration Disaster Funds •5% Maximum "10% Maximum Administration Income Used A B D E Counties and Eligible Municipalities which receive more than the minimum distribution. Counties and Eligible Municipalities which receive the minimum distribution or less. SHIP AR102-1 994