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Home My WebLink About2005-286A Form 1 : SHIP DISTRIBUTION SUMMARY Submittal Date : 8/23/2005 0 Section 420.9075(9), F .S . Fiscal Year : 2004-2005 /J FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT ` NAME OF LOCAL ENTITY: Indian River County TABLE A: l SHIP FUNDS SHIP FUNDS UNENCUMBERED vvv STRATEGY EXPENDED ENCUMBERED SHIP FUNDS DESCRIPTION A B C Proposed Proposed HOMEOWNERSHIP STRATEGIES Amount Units Amount Units Amount Units 1 DPCC + RL $ 22P925. 00 1 $ 156 754. 50 5 $ 382o513. 00 10 2 DPCC + IFL $ 189t934. 00 6 $ 54 978. 00 2 1, $ 355 088 . 00 12 3 RG $ 0 $ 78 779 . 00 4 $ 100 000. 00 5 4 RL $ 0 $ 26 881 . 82 1 $ 182 447 . 37 6 RENTAL STRATEGIES Subtotal k ' 77 712x102 8:.37 ' ' s 33 Administration $ 91665 . 90 Home Ownership Counseling Admin from Program Income $ 37 , 801 . 89 Admin from Disaster Funds Total $ 342, 326:79 7 $ " 317, 393. 32 1Zf $ 1 - 02 148. 37 " 33 This figure must equal the amount for "SHIP Funds Expended" on Form 2 , Table B . TABLE B: Total Revenue (actual and/or anticipated) for Local SHIP Trust Fund A B Amount Percentage Source of SHIP Funds of Funds of Funds State Annual Distribution $ 9165659. 00 54. 57% Program Income LlnLerestj 0. 000/0 Program Income ( Payments ) $ 756, 037. 86 45. 01 % Recaptured Funds - ° Disaster Funds 0. 00% Other Funds $ 0. 00% Carry over funds from previous year $ 7 , 071 . 62 0 . 42 % otai F uncls Ueposaea into Local $ 1 , 679 , 768 . 48 ° Affordable Housinq Trust Fund TABLE C : **Enter Total $$ from Table A Columns A B , & C : 1 $ 11679 , 768 . 48 *"Enter amount to be carried forward to next year: TOTAL* $ 1 , 679 , 768 . 48 Must equal Total from Form 1 , Table b, Col. B . "*Carry forward is used only in a closeout year when the amount of funds remaining are not sufficient to fully assist one unit. The unit assisted is counted in the next fiscal year. SHIP AR/02- 1 FORM 2 : Rents and Compliance Summary Submittal Date: 8/23/2005 Section 420.9075(b), (c), (d), (g) , F. S. Fiscal Year : 2004-2005 FLORICvA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT Name of Local Entity: Indian River County Table A: Rental Unit Information RENTALRATES - ACTUAL (If rents vary for the same unit, enter greatest amount) A B C D E STRATEGY DESCRIPTION Eff. 1 Bed 2 Bed 3 Bed 4 Bed Table B : Recap of Funding Sources for Units Produced Source of $$ Produced thru June 30th for Units Amount of Funds Expended to Date % of Total Value A B C SHIP Funds Expended 212,869.00 17. 18k° Public Moneys Expended 112, 511 . 00 9, 08% Private Funds Expended 913,477. 0073. 74% Owner Equity - 0.00% Total Value of All Units 1 ,238, 847 .00 100.00% Table C : SHIP Program Compliance Summa - Home Ownership/Construction/Rehab' FL Statute Compliance Category SHIP Funds' Trust Fund " % of Trust Fund Minimum % A B C D E HOMEOWNERSHIP 1 , 550, 300.69 $ 916,659. 00 169. 13% 65% CONSTRUCTION/REHABILITATION 10550,300.69 $ 916,659.00 169. 13% 75% Include amounts expended, encumbered, 8 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 of Total 'Total Available Income Category SHIP $ Expended Total A+B+C Avaliable Funds Funds A B C D E F Very-Low Income 189934. 00 110, 165. 00 500,000.00 800, 119.00 47.63% 1 ,679,768.48 Low Income 22,925.00 188, 828. 32 420048.37 631 , 801 .69 37.61 % 1 ,679, 768.48 Moderate Income 0.00 18, 380.00 100,000. 00 118, 380. 00 7. 05% 1 ,679,768.48 TOTAL 212, 859.00 317, 393.32 1 ,020,048. 37 1 ,550, 300.69 92.29°h 1 ,679,768. 48 "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: Special Target Groups for Funds Expended (i.e. leachers nurses law enforcement fire fighters etc ) Set Aside Strateqy Description Special Target Group Expended Funds Total # of Expended Units A B C D 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 # of and DPL's and DPL's Amount Grants # of SHIP Grants Amount Total SHIP Funds Expended Units A B C D E F G H Very-Low Income 126602 .66 4 31650. 67 63331 . 34 2 31665 .67 �,' .� " . 593.3'j:£k3 6 Low Income 22,925. 00 1 2292500 , 2 $"25tOd 1 Moderate Income 0.001 0 R " TOTAL 149, 527.661 51 29, 905 . 53 63, 331 .341 21 31 , 665. 67 F., .5 ` T :: - � � ' % 00 7 Table G: Allowable Administration Set Aside from Program Income Total Amount of Total % Program Income Allowed for Total Program Income '5% Maximum "10% Maximum Administration Administration A B C D E $756,037. 86 $37, 801 . 89 $75,603.79 5% $37,801 . 89 Counties and Eligible Municipalities which receive more than the minimum distribution. Use either the 5% or 10% $ amount. 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 Disaster Funds '5% Maximum " 10% Maximum Administration Administration $ - $0.00 $0.00 Counties and Eligible Municipalities which receive more than the minimum distribution. Use 5 or 10% See Form 1 Table A Counties and Eligible Municipalities which receive the minimum distribution or less, as applicable D40 SHIP AR/02- 1 Form 3 : Household Characteristics FLORIDA HOUSING FINANCE AGENCY Section 420 . 9075 ( 9 ) ( a ) F . S . SHIP PROGRAM ANNUAL REPORTfor State Fiscal Year : 2004 - 2005 NAME OF LOCAL ENTITY : Indian River County Provide information only on units for which Program funds have been expended ' Provide information for head of household only . Submittal Date : 8 / 23 / 05 A B C D E F Strategy Number of Households Characteristics / Age Family Race Special Needs Description Units Produced ( Head cf Household ) Size ( Head of Household ) ( Any Member of Household ) Location VLI LI MODER TOTAL 0 - 25 26 - 40 41 - 61 62 + 1 Per 2 - 4 P 5 + Be White Black Hisp Asian AmInd Other FrmWk I MDis I Hless Eldvl PDis I Other DPRL 1 IRC 0 1 0 1 1 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 LDPC 2 IRC 6 0 0 6 0 3 2 0 1 5 0 2 3 1 0 0 0 0 0 0 0 10 TOTAL. 6 1 0 7 0 3 3 0 1 6 0 2 3 2 0 0 0 0 0 0 0 1 0 SHIP AR / 99 - 1 Effective 04 / 01 / 98 Printed on : 07 / 15 / 2005 4 : 10 : 21PM FORM 4 : Program Summary Submittal Date : 8/23 /2005 Section 420 . 9075 FLORIDA HOUSING FINANCE CORPORATION SHIP PROGRAM ANNUAL REPORT - STATE FISCAL YEAR 2004-2005 Name of Local Entity : Indian River County 1 . Please provide information on the status of the implementation of the Local Housing Incentive Plan or Incentive Strategy adopted by the local Affordable Housing Assistance Plan. A . Incentive Strategy : Adopted regulations providing up to a 20% density bonus for affordable housing development projects (housing element policy 2 . 5 , Land Development Regulations Section 911 . 14 (4)(a)) . Adopted regulations allowing for small lot subdivisions with reduced setbacks , lot size , and lot width requirements (Land Development Regulations , Chapter 911 and section 971 . 41 (9)) . Adopted regulations allowing for accessory single- family dwelling units in all agricultural and residential zoning districts (Land Development Regulations , Chapter 911 and Section 971 . 41 ( 10)) . Adopted regulations allowing multi -family dwelling units in conjunction with commercial development, such as apartments over commercial buildings (Land Development Regulations Section 911 . 10 and Section 971 . 41 (6)) . Adopted policies for expedited permit processing (Housing Element policies 1 . 5 and 1 . 6) . Adopted a policy for review of proposed local policies or regulations which may increase the cost of housing (Housing Element policy 1 . 7) . Adopted a policy for inventory of all surplus county owned land (Housing Element policy 2 .4) . Adopted regulations allowing zero lot line subdivisions (Land Development Regulations Section 915 . 15 ) , Established Local Housing Assistance Program , allowing the county to utilize State Housing Initiatives Partnership (SHIP) program funds for the provision of affordable housing (Local Housing Assistance Program , Local Housing Assistance Plan, Housing Element policies 2 . 7 , 3 . 5 , 4 . 4 , 4 . 6 , 4 . 7 , 4 . 9 , and 9 . 1 ) B . Adopting Ordinance or Resolution Number or identify local policy : Identified as part of Section "A " above C . Implementation Schedule (Date) : All incentives were implemented as scheduled D . Has the plan or strategy been implemented? If no , describe steps that will be taken to implement the Plan . Yes E . Status of Strategy - (Is the strategy functioning as intended, ie . , are time frames being met, etc . ) All strategies are working as intended 2 . Attach a concise description of the support services that are available to the residents of affordable housing . The county in conjunction with financial institutions conducts a homebuyers ' educational workshop program for all applicants who request downpayment/closing cost assistance (see attachments regarding homebuyers ' education program) - Consumer Credit Counseling provides assistance to applicants through lenders and through the homebuyers ' educational workshops The Indian River County Council on Aging provides various services to elderly and handicapped individuals including housing assistance The Housing Authority and Economic Opportunity Council provides housing assistance to qualified households The county staff provides one on one assistance to applicants for completing SHIP applications , resolving credit problems , referring applicants to appropriate financial institutions for acquiring first mortgages , and providing other assistance as needed The county SHIP staff in conjunction with local financial institutions , non- profit organizations , HUD staff, and others conducted information workshops in the Gifford area, Wabasso area, and Oslo area of the county which have a high percentage of minorities and low income households . 3 . Attach such other data or unique affordable housing accomplishments considered significant by your Agency. (success stories , newspaper clippings , etc . ) - By the end of June 2005 , the Indian River County LHAProgram had approved 19 loans with FY 04-05 funding . In administering the program , LHAProgram staff held several public meetings , placed newspaper advertisements , and sponsored radio advertisements and announcements . Because of these efforts , the LHAProgram is well known to the public, and there are many more eligible applicants than the county can assist with available SHIP funds . Photocopies of success stories , newspaper articles , and thank-you notes have already been sent to the Florida Housing Coalition. 4 . Describe how the Annual Report was made available for public inspection and comments . Attach copies of all comments that were received and provide the local government' s response . Annual report provided to the public through Affordable Housing Partnership meetings/Lending Consortium , county planning division, municipalities within the county, the Treasure Coast Builders Association, and the county website . Availability of the reports also advertised in the local newspaper. 5 . Since State fiscal year 1992 -93 , 292 mortgages have been made to very low income households with 3 in default. Since State fiscal year 1992 -93 , 344 mortgages have been made to low income households with 5 in default. Since State fiscal year 1992-93 , 91 mortgages have been made to moderate income households with 1 in default . Total default rate for all mortgages 1 . 23 % . 6 . Describe how eligible sponsors (if applicable) that employed personnel from welfare to work programs were given preference in the local selection process . All applications reviewed based on first application submitted, first application reviewed . All applications approved based on first application completed, first application approved 7 . List strategies and give the average cost of production (FY 2004-2005 YTD) . Strategy Number of Loans Average SHIP Finalized YTD Assistance DPCC + RL 1 $ 22 , 925 DPCC +IFL 6 $ 313655 TOTAL 7 $ 305408 CERTIFICATION On behalf of Indian River County, I hereby certify that the information presented herein is true and accurate as of the date of submission . Date S .r Date 08 -23 -2005 Witness Chief Elected Official ot✓ l)q` ignee Commissioner T1;oas S . Lowther ; . Date BCC Chairman L3a_te�.08 -23 -2005 Witness Name and Title OR asp ys , va4005rDate Attest (Seal) GENERAL INFORMATION Name of Person to call regarding the Annual Report Form : Sasan Rohani , AICP Telephone Number : (772) 226- 1250 F : \Community Development\Users\VICKIE\SASAN\AR04-05final . doc CERTIFICATION For Implementation of Regulatory Reform Activities Required by S .H . I . P . On behalf of Indian River County , I hereby certify that the following Name of Local Government information is true and accurate as of the date of submission . 1 ) Permits as defined in x . 163 . 3164(7) and (8 ) * for affordable housing projects are expedited to a greater degree than other projects ; and 2) There is an ongoing process for review of local policies , ordinances , regulations , and plan provisions that increase the cost of housing prior to their adoption . 3 ) The cumulative cost per newly constructed housing per housing unit, from these actions for * * FY 04/05 is estimated to be $ 5 , 166 . 4) The cumulative cost per rehabilitated housing per housing unit, from these actions for * * FY 04/05 is estimated to be $ 0 . Date l�Date Witness Chief Elected Official Thomas S . Lowther Print Name and Title Date Date Witness untyXd ministrator h;ms Joseph A . Baird Print Name and Title OR a r 'y° V.e f. >- - Date AUG 2 4 2005 A t* a (S'6il Note : This' fbft will be utilized beginning with * * FY 2003 /2004 . * 162 . 3164(7), Florida Statutes : "Development Order" means any order granting, denying, or granting with conditions an application for a development permit. 163 . 3164 ( 8), Florida Statutes : "Development Permit" includes any building permit, zoning permit, subdivision approval, rezoning, certification , special exception, variance, or any other official action of local government having the effect of permitting the development of land . Maintenance Strategy ; DPR9063 - Maintenance Strategy - CODE DESCRIPTION IFG IMPACT FEE GRANT IFL IMPACT FEE LOAN DPCC DOWNPAYMENT CLOSING COST LOAN RL REHABILITATION LOAN LAL LAND ACQUISITION LOAN LB LAND BANKING GDPC IFG + DPCC GRL IFG + RL GLAL IFG + LAL GLB IFG + LB LDPC IFL + DPCC LRL IFL + RL LLAL IFL + LAL LLB IFL + LB ADPC LAL + DPCC BDPC LB + DPCC GDAL IFG + DPCC + LAL GDBL IFG + DPCC + LB LDAL IFL + DPCC + LAL LDBL IFL + DPCC + LB DPRL DPCC + RL DRIL DPCC + RL + IFL RG REHABILITATION GRANT RIG RG + IG ldian River County Printed on : 06 / 22 / 2004 11 : 44 : 52AM )- Plus for Windows 95 / 98 / NT Page 1 of 1 Figure 113 MUNICIPALITIES OF INDIAN RIVER COUNTY '� `• 1 ® CITY OF YERO BEACH i L01 • CITY OF SEBASTIAN CUM CITY OF FELLSMERE CR512 . *TOWN OF ew. C.R510 � INDIAN RIVER SHORES L''' TOWN OF ORCHID a � . Ui to I r cS m S. � * lorlda Turn Ike , sc��e 0 1 2 3 4, Moes INDIAN RIVER COUNTY DATE , August 2005 a i I i ' I I � . P . O . Box 1268 Vero Beach , Florida 32961 562 - 2315 MME r WM� aM ]Pricoo at COUNTY OF INDIAN RIVER : STATE OF FLORIDA Before the undersigned authority personally appeared Nancy Norton who on oath says that she is Manager of Display Advertising of the Press Journal , a daily newspaper published in Indian River County, Florida ; that Advertisement totaling 30 inches at the rate of $ 18 .30 per inch billed to Indian River Planning Department was published in said newspaper in the issue(s ) of Sunday, June 6, 2004 Sworn to and subscribed before me this 6th day of June A D 2004 p [o BEVERLY M. KEEHNER / / ..y �, � T� po My Comm Exp. 10/8104 a 7 'n &Y, , ( l G a pusuc > No, CC 973628r F*rAr tb Ww "^ 11 other I.D. Display Advertising Manager PUBLIC NOTICE INDIAN RIVER COUNTY WILL BE ACCEPTING APPLICATIONS FOR PARTICIPATION IN THE COUNTY LOCAL HOUSING ASSISTANCE PROGRAM Notice is hereby given that, starting July 9 . 2004 , the Board of County Commissioners of Indian River County, Florida will be accepting applications from households in the very low, low, and moderate income categories and from non-profit organizations for the purchase or rehabilitation of affordable housing units. Unless extended by the county, the application acceptance period will end on July 30 , 2004. The County estimates that It will receive $916 ,659.00 (including administrative costs) for FY 2004-2005 from the Florida State Housing Initiatives Partnership (SHIP) Program, which will be made available through the Indian River County Local Housing Assistance Program for the following activities: AVAILABLE LOCAL ASSISTANCE Type of Assistance Available by Income Category Two of , I110o1n� C.Mmpo1'/ E*NftdN M ( Fie pip w 00 , U 510.0 .00 MqW F 0 Laps MI OOOAO RohmW Om LO KI. U. MI StM,YW.10 ROWA1111on GMft VU 6100.000.00 Cpp" PplwwlpCbYV rA*W1pO ' MIbO,OW.00 t"np br. MlpOplden (nd mml.uln laKdW Vu pIIIOQ b. PIMUMdnw home (WsOrnwf� dol KI, U. MI c ColpKjc m of M h0 VLL U, MI d. MIwO�Oh bLditmmllM .. v44M1 R CanNpd p�,/1r�Ordphb0end,n VU U. M1 aYFIQ hpM 1. Cembb comw.lon wW WvW FN VLI U MI Lp Ind AwpA~ Ls - Vii, U "Wo"h i10.000L0 CIOM pywof401p Q* VL1= Verytowfricome; Lt = tow Income: MI = Moderate Income Assistance will be provided as deferred payment loans that need not be paid back until the assisted unit is sold, refinanced with "cash of t" or d someone other than the original loan recipient occupies the assisted unit. Limited assistance will be provided as grants. The grant amount will be forgiven after 10-year residency requirement. Applicants participating in the Local Housing Assistance Program must meet the following requirements: 1 . Income Level: A household's total annual gross income level jnust be classified as either very low, low, or moderate based on the folio no table. Indian River County Maximum Income Levels and Income Classification: Household Very Low Low Moderate Size Up to 50% of MI 51 -80% of MI 81 -120% of MI 1 Person 18,350 29,350 44,040 2 Person 20,950 33,550 50,280 3 Person 23,600 37,750 56,640 4 Person 26,200 41 ,900 62,880 5 Person 28,300 45,250 67,920 6 Person 309400 48,650 72,960 7 Person' 32,500 52,000 78,000 8 Person 34,600 55,350 83,040 - Mi = Madian incorse t5 4&100 2. Employment: At least one of the household members must currently be employed (including having been continuously employed for the past year) , be a seasonal farm worker, or be a special needs person (elderly, disabled , etc) . 3. Assets: A household's total assets --hal ! ^n` Aceed 10,060.00. 4. Credit Verification: An applicant shall have a satisfactory credit rating for at least the previous one (1 ) year. 5. Homebuyer Status: No member of household shall have owned a home for at least three (3) years before being approved to receive down payment/closing cost assistance. 6. Purchase Price Limitation: The purchase price for new and existing homes may not exceed $154,896.00. Prohibition of Mobile Homes v Funds may not be used to repair, rehabilitate, or purchase mobile homes. Information and applications may be obtained from and completed application must be submitted to the Indian River County Planning Division's housing office located at 1840 25th Street, Vero Beach, Florida, 32960, or call (772) 567-8000, ext. 1454 or 1594. INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO : Members of the Affordable Housing Partnership Group (Lending Consortium) Mark Satterlee, Planning and Development Director, City of Vero Beach Tracy Hass , Growth Management Director, City of Sebastian Robert Baker, Mayor, City of Fellsmere Robert Bradshaw, Town Manager, Town of Indian River Shores David Jakubiak, Town Manager, Town of Orchid Treasure Coast Builders Association, Inc. FROM : Sasan Rohani, AICP Chief, Long-Range Planning DATE : July 1 , 2004 SUBJECT : SHIP ANNUAL REPORTS Please find enclosed FY 2002-2003 and FY 2003 -2004 Indian River County SHIP Program annual reports . Please be advised that the report for FY 2002-2003 is a closeout report and report for FY 2003 -2004 is a year-to-date interim report. Please review these reports and provide me with your written comments by August 1 , 2004 . Should you have any questions , please call me at (772) 567- 8000, ext. 1250 . cc : Robert M. Keating, AICP Community Development Director William G. Collins, H County Attorney Francene Worrell, SHIP Coordinator Diane Pickhardt, SHIP Coordinator FXommunity Development\Users\VICKIE\SASAN\shan.mem PUBLIC NOTICE INDIAN RIVER COUNTY ANNUAL REPORT FOR THE STATE HOUSING INITIATIVES PARTNERSHIP ( SHIP ) PROGRAM FOR FY 2002 - 2003 AND FY 2003 - 2004 The FY 2002 - 2003 and FY 2003 - 2004 annual reports for the State Housing Initiatives Partnership ( SHIP ) Program may be inspected by the public at the housing office at the Community Development Department located at 1840 25th Street , Vero Beach , FL 32960 , between the hours of 8 : 30 a . m . and 5 : 00 p . m . on weekdays . Written comments are encouraged and must be received by August 2 , 2004 . For more information contact Francene Worrell at ( 772 ) 567 - 8000 , ext . 1454 . To be advertised July 11 , 2004 . Publish in Sunday Real Estate Section Size . 2 columns width X 2 depth Title Heading 14 points minimum ( approx . ) ( Proportional to remaining type as indicated ) Please forward proof of publication to : Vanessa Carter Planning Department 1840 25th Street Vero Beach , Florida 32960 F : \ Community Development \ Users \ SHIP \ NEW FISCAL YEAR DOCS \ LHAP2003 - 2009 . AD9 . doc Y � INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO : Members of the Affordable Housing Partnership Group (Lending Consortium) Mark Satterlee , Planning and Development Director, City of Vero Beach Al Minner, City Manager, City of Sebastian Alien Duff, Community Development Director, City of r eiismere Robert Bradshaw, Town Manager, Town of Indian River Shores Richard Dunlop , Mayor, Town of Orchid Treasure Coast Builders Association, Inc . FROM : Sasan Rohani , AICP Chief, Long-Range Planning DATE : July 25 , 2005 SUBJECT : SHIP ANNUAL REPORTS Please find enclosed FY 2003 -2004 and FY 2004 -2005 Indian River County SHIP Program annual reports . Please be advised that the report for FY 2002 -2003 and report for FY 2003 -2004 are a year- to-date interim report . Please review these reports and provide me with your written comments by August 8 , 2005 . Should you have any questions , please call me at (772) 226- 1250 . cc : Robert M . Keating, AICP Community Development Director William G . Collins , II County Attorney Margo Strickland, SHIP Coordinator Diane Pickhardt, SHIP Coordinator F :\Community Development\Users\VICKIE\SASAN\shan.mem