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<br /> FORM 2 : Rents and Compliance Summary Submittal Date: 9/2/2003
<br /> Section 420.9075(6). (C). (d). (g). F.S.
<br /> FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT
<br /> State Fiscal Year: 2002 - 2003
<br /> Name of Local Entity: Indian River County
<br /> Table A : Rental Unit Information
<br /> RENTAL RATES - ACTUAL
<br /> (/f rents vary for the same unit, entergreatest amount)
<br /> STRATEGY DESCRIPTION Eff. 1 Bed 2 Bed 3 Bed 4 Bed
<br /> 1
<br /> 2
<br /> 3
<br /> 4
<br /> 5
<br /> Table B : Recap of Funding Sources for Units Produced
<br /> Source of Funds for Units Amount of Funds Percentage of
<br /> Produced through June 30th Expended to Date Total Value
<br /> SHIP Funds Expended I $ 395 ,446. 02 19%
<br /> Public Moneys Expended $ 19 , 600. 00 0. 93%
<br /> Private Funds Expended $ 1 ,693 ,715. 00 80. 32%
<br /> Owner Equity 0 . 00%
<br /> Total Value of All Units $ 2, 108 , 761 . 02 100%
<br /> Table C : SHIP Program Compliance Summary - Home Ownership/Construction/Rehab*
<br /> A B Trust C FL Statute
<br /> Compliance Category SHIP Funds* Fund" % of Trust Fund Minimum %
<br /> HOME OWNERSHIP $ 11075 ,651 .00 $ 11195 , 168.00 90 .00% 65%
<br /> CONSTRUCTION/REHABILITATION $ 11075,651 .00 $ 11195 , 168.00 90.00% 75%
<br /> * Include amounts expended, encumbered, B unencumbered (projected) in this table
<br /> "Trust Fund equals Distribution plus Recaptured Funds
<br /> Table D : Program Compliance - Income Set-Asides
<br /> (1 ) Program Compliance by Units (If Applicable)
<br /> 0' E . - x, ;I �" : �". gigs. w » w"w`' 'UG , , ,. "° v' >..;✓ '. ? G'ajumn,,l4 � ('.AIDinR:
<br /> GYardTdtall(n[t " " Y F1 otai fPflflAnits ;,
<br /> ' Income"Gate" o a �E
<br /> " 4611100m.%� . :$..,oCti`J.�
<br /> WWI
<br /> r xscr a .,�„�, � . .-"`''�' r. a°« :
<br /> LflWIncdetje } " m, , ;. - .. . a"A�,", ,.; F�;�; ,`,r%�` .;E , .. ,.
<br /> IModeTdte:fttdOmexe „ s .,<< . , d MIIle
<br /> N
<br /> TOTAL 2 . . ; '. 0 "x , ✓, q F r 3a - � �k P `.
<br /> i
<br /> (2) Program Compliance by Funds Expended , Encumbered , Unencumbered (projected)
<br /> A B C D E Total* % of Total
<br /> SHIP $ SHIP $ SHIP $ Total Available Available
<br /> Income Category Expended Encumbered Projected B+C+D Funds Funds
<br /> Very-Low Income $ 1830694. 50 $ 181 , 530. 50 $ 342, 156. 81 $ 707 , 381 . 81 $ 10439 , 962. 01 49. 13%
<br /> Low Income $ 205 , 936. 12 $ 51 , 019. 00 $ 330 , 910.68 $ 5870865. 80 $ 1 ,439 , 962. 01 40. 83%
<br /> Moderate Income $ 5 , 815 .40 $ 19 ,383. 00 $ 25 , 198.40 $ 1 ,439 ,962. 01 1 .75%
<br /> TOTAL $ 3950446. 02 $ 251 ,932. 50 $ 673 , 067.49 $ 1 , 320 ,446. 01 $ 1 ,439, 962. 01 91 . 70%
<br /> 'Total Available Funds ' equals State Distribution + Recaptured Funds + Program income + Carry Over Funds + Other Funds.
<br /> `From Form t Table B Column B total
<br /> Table E : Project Funding for Expended Funds Only
<br /> Value of SHIP Number of SHIP Value of Number of
<br /> Income Category Mortgages, Mortgages, Average SHIP SHIP Average
<br /> Loans 8 DPLs Loans 8 DPLs Loan Amount Grants Grants Grant Amount
<br /> Very-Low Income $ 1662751 . 00 10 $ 16 , 675. 10 $ 16 , 943. 50 1 $ 16, 943. 50
<br /> Low Income $ 205 , 936. 12 15 $ 132729. 07 #DIV/01
<br /> Moderate Income $ 51815.40 1 $ 51815.40 #DIV/01
<br /> TOTAL $ 378, 502. 52 1 26 1 $ 14 , 557.79 1 $ 16 , 943 . 50 1 1 1 $ 16, 943. 50
<br /> Table F : Allowable Administration Set Aside from Program Income
<br /> Total Amount of *5% **10°/4 Total Program Income
<br /> Program Income Maximum Maximum Allowed for Administration
<br /> $ 244, 705. 89 1 $ 12, 235.29 1 $ 24,470. 59 $ 12,235.29
<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/99-1
<br /> FY 2002-03 Interim Report
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