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Home My WebLink About2006-299C. Form 1 : SHIP DISTRIBUTION SUMMARY Submittal Dale: 09fou)e Segni 420.9071rM FS. Fiscal Year 2005-2006 s A_ FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAI.1 ANNUAL REPORT NAME OF LOCAL ENTITY: Indian River County TABLE A: c SHIP FUNDS SHIP FUNDS SHIP FUNDS STRATEGY EXPENDED ENCUNIr ERED ENCUMBERED DESCRIPTION A 8 C Proposed Proposed HOMEOWNERSHIP STRATEGIES Amount UnitsjAmounl units Amount Units DPCC ti RL $56,268 .00 3444,270.29 12 $ 16,55296 7 IMPACT FEE GRANT $0.00 0 4,596.00 1 $ 0 IMPACT FEE LOAN * DPCC $508,856.00 8 101 ,616.93 2 $ 0 REHABILITATION GRANT $0.00 0 185, 115.00 7 $ 0 REHABILITATION LOAN $16,616.55 2 191 ,538.82 6 $ 0 Total Homeownership Strateies $ 583,740.55 13 $ 927, 137.04 28 $ 16 ,552.96 1 RENTAL STRATEGIES Total Rental Strategiesg 0 $ _ L, $ 0 Sublptg[: $ ," ;.56740;55 13 $ ; 927137;:04 sQB;_$ Administration $ 93,031 ,90 Home Ownership Counseling $ Admin from Program Income _ $ 36,288. 18 Admin Irom Disaster Funds $ TA!§t $ `" 71366063 , - 18 TABLE B: T°IaiRev teCh.aland(p' a, Ccpa, -0l for I c,al SHIP Tru = md A B Amount Percentage Soufce of SHIP Funds ofFunds orFrlos State Annual Distieuron $930,319-D0 56. 75% • Program Income Interest 0.00% Program IncomePa ents $725,763 .68 __ 43.81 Reca lured Funds 0.00% Disaster Funds 0 .00°0 Other Funds D 00% Carry over funds from previous year $667.95 00. Total Funds Deposited into Local Affordable $ 1 ,656 ,750 . 63 1 DD .QQ% Housin Trust Funtl TABLE C '. "Enter Total $$ from Table A, Columns A. B , & C: $ 7 ,656,750.63 "'Enter amount to be carred forward to next year: $0.00 TOTAL' iiiiiiiiiiiiiiiiiiiiiillillillillillillilliillillillillillilI 1111111111111111111l 11111 MENOMINEE FORM 2'. Rants and Compliance Summery sadmn aDale. p9m610e 4 nation 420.90>314) It lel, 19l. Fs. FT,ai for vots000e FLORIDA HOUSING FINANCE CORPORATION - SHIP PROGRAM ANNUAL REPORT Name nl Local EnUly Indian River County Table, A: Fell UMI effectuate RENTAL RATES - ACPJAL Or mnh very for me, same ua, emar earned amount; 0 C E STRATEGY CESCRIPTIJN EH, fBeY eBea 30etl aBae Table B: Recap of Funding Sources for Units Produced Source of U PrMumd tM1m June Sob (or Unds Amount or Funds Expended to Dare Pa of IDrel Hurt, A 8 SHIP Funds Expended E 50),]40.55 18.63°: Public Mone a Expanded $ 154,46].66 4.93% Private Funds Expended IT 2,395,86).00 :645% Or ear E4uit g 000% Total Value of All Unite E ),134,0]511 10000% Tata C: SHIP Program Compliance Summa - Home Penerstamll OnelmctionlRehao' Wmpfena Glegory SHIP F,,m' !runt FUM " 9r of loll Fund A B G p WeE nm HOW OWNERSHIP E 1510,8]].59 $830,319.00 6240% 65% CONBTRULTIONR2EHA61LIigTION j 1,510.8]).59 I $930,319.00 tfi2A0% ]5^AA Table O: Program Compliance � Income Set-Asides 0.opem Pompnarce by Force Ewended Ewembared U beret (pmts,led) SHIP tP,o50l loll me Lalet y Smu $ Oper]ed SHIP 1 Ercumbmed Ul 111111,1'etlW 4eB�C alable .w,ns E Awmnle Vel low Income $ FES8 x $ 349.603 ]2 E 1655256 S a , 5,C12 fibModera5251% 5 1.656)50.83 Lowlnmme $ 523,454.32 $ $ _ 523,954_2 3Tfi0% $ 1 ,ESC.T50.63 TOTAL Income $ )4.994.E5 E 54,C99.00 $ E 128,983-55 )]fi% E r ,fi5fi_,)_50.63 TOTAL $ 583.740.55 $ 927.137 04 S 16,552.96 $ 1527,43pb5 9219q g 1656]5] 63 Tabf�ecial�Groupsl, Exa^_n�e- lencbore runz lav: erfeicrm_,Vers e� fsida Salafc�9eacl 'v rE - Total C Table F: Pmlacl Funding for Expanded Funds Only Tate15HIP tlo15HIP nwme c ga 6tongeges, Loam Mortgages. Ltem Rwrage Lten iolel of BHIP .saga Gram Toa p eM DPL'¢ antl DPLS Amount Ganlz poi SHIP Gmn15 A Amount iotaI SHIP FUNS E� eMed of Vnrla B CD E F _ V -Lolnco wme 5 engineer 00 B $ 63,00].00 Low Income Moderate Income $ ]4,$60455 5 $ 14,W8.91 TOTAL $ 583]40.55 13 E 44,903.12 $ p Table G: Alowable Adme-mvit ipn Set Aside amen Porrem Income Toyl Pmoudol Pro rem Twme 'Sk 6YTAWm % Program Ncoma Ab9 for polar Mm WIiUm g rmum ^10% ALbnwn MmFsavwl rccme Vaetl B 0 E]25,]63.65 $36,288 18 $72 576 39.042.16 1 Nam E Table,11'. A able AdirrilnetwUlan Sal Aelde from DIM;& a de WMa ryt TOW OiesYvr FUW P1Yr<Cw ieW AM1NWLvbn �p ^te me Vu] $ 4 ov. SD00 E0.00 $0.00 $ FORM 3: Household Characteristics FLORIDA HOUSING FINANCE CORPORATION s�n«� uo-soTNe)1a7. Fs. SHIP PROGRAM ANNUAL REPORT Fiscal Year 2005-20OF sunmmel Date 09I0Y03 vgww�mnmmrymw�n nwmm v�w•� u�a ti»e� +a.��w NAME OF LOCAL FN-NY Indian River County vA.«.ti�yon n,r� a N..ww mir. Smte°y oescdPm� N�mee.It e0.11naienr rn ,,nito11011ne Fem,y aaa $qc:I Neese wauPme1cd (Hee ofH 1 ` �� ss. tHoae of Rou.eelel (Any lri.mh..d He„®rm) u.rkuNr-«e�menLw `e. MwT an ° ° F. -ir soscXwmr1 s+� mae, b• a 1 OPRL INgAN RIVER COONry ° ° 3 .12 E . usNa w�r uMr ene�ue o+" 0 0 0 FO 0 0 0 x INDIAN RIVER VNtt 8 0 0 2 t RL 3 RL INDIAN RIVER cgorvtt ° 0 2 2 1 1C 0 0 0 0 0 2 0 2 0 2 2 0 0 0 0 0 0 ° 0 ° 0 0 0 ° o 0 0 0 ° 0 ° ° 0 0 ° ° ° 0 0 0 0 0 0 0 0 ° o 0 0 0 0 0 0 0 0 00 ° 0 0 — 0 0 ° 0 0 p 0 0 0 0 AL ° 8 0 5 13 3 6 6 p 13 i 10 0 13 5 ) 1 0 0 0 13 0 0 0 0 0 0 p TOTAL Al0 51 13 3 6 1 6 1 0 1 13 9 10 0 13 5 F 1 0 0 U 1 ] FORM 4 : Program Summary Submittal Date: 9/05 /2006 Section 420 . 9075 FLORIDA HOUSING FINANCE CORPORATION SHIP PROGRAM ANNUAL REPORT - STATE FISCAL YEAR 2005-2006 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 91 LI 0 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 2006, the Indian River County LHAProgram had approved 41 loans with FY 05-06 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 , 320 mortgages have been made to very low income households with 3 in default. Since State fiscal year 1992-93 , 371 mortgages have been made to low income households with 5 in default. Since State fiscal year 1992-93 , 112 mortgages have been made to moderate income households with 1 in default. Total default rate for all mortgages 1 . 12% . 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 2005 - 2006) . Strategy Number of Loans Average SHIP Finalized YTD Assistance DPCC + Rehabilitation Loan (DPRL) 3 $ 18 , 756 DPCC + Impact Fee Loan (LDPC) 8 $63 ,607 Rehabilitation Loans (RL) 2 $ 9 ,308 TOTAL 13 $44 ,903 CERTIFICATION 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. DateDate 09-05-2006 Witness Chief Elected ficial or e ' gnee Commissioner Arthur R . Neuberger Date BCC Chainnan Date 09-05 -2006 Witness Name and "Pitle RDate 9— .S- 0 Attest ( Seal) GENERAL INFORMATION Name of Person to call regarding the Annual Report Form : Sasan Rohani , AICP Telephone Number: (772) 226- 1250 F ..^vCorrununity Development�'Users',SHIPVvmual ReportsAR 2005-20061AR05 -06interim . 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 s . 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 05 -06 is estimated to be $ 500 . 00 . 4) The cumulative cost per rehabilitated housing per housing unit, from these actions for * * FY 05 - 06 is estimatedto be $ 0 . Date ate 9 - 5 - 06 Witness Chief Electe Oficial Arthur R . Neuberger, BCC Chainnan Print Name and Title Date Witness Wntv A ministrator Joseph A . Baird, County Administrator Print Name and Title Date 9 4 O 6 Attest (Seal) Note : This form will beutilized 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 CDPR9063 - Maintenance Strategy - CODE DESCRIPTION IFG IMPACT FEE GRANT IFL IMPACT FEE LOAN DPCC D04NPAYMENT CLOSING COST LOAN RL REHABILITATION LOAN LAL LAND ACQUISITION LOAN LB LA14D 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 DR. IL DPCC + RL + IFL RG REHABILITATION GRANT RIG RG + IG FSHM MATCH FOR FEDERAL i STATE HOUSING PROGRAM PLC REHABILITATION LOAN / GRANT Indian River County Printed on : 07 / 25 / 2006 12 : 02 : 15PM CD- Plus for Windows 95 / 98 /NT Page 1 of 1 Figure 11.3 . . . . . . . MUNICIPALITIES OF s INDIAN RIVER COUNTY - --- -- -- -- - - - - - - - - - - - CITY — - - — -- - - - - - - - - - - I� ' - ® • CITY OF VERO NEACO ' .; : ;.'• 8 • a - CITY OF SEBASTIAN xi $ -v54,+,'` • CRY OF FEUSMERE CRR 2. TOWN ee. CR.514 `� O NMANRIVER SNORES �W � ■ • TOWN OF OOCNO W i ' 7 S.R IIIIII 1 f1orlEe SCALE O '.1 2 3 4 MINA - INDIAN RIVER COUNTY DATE , August 2005 f. +a 0 1 P . O . Box 1268 Vero Beach , Florida 32961 562 - 2315 oil IP re, Journal 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 26 inches at the rate of $ 18 .30 per inch billed to Indian River County Planning Department was published in said newspaper in the issue(s ) of Sunday, June 5th, 2005 Sworn to and subscribed before me this 5th day of June A D 2005 Display Advertising Manager ° BEVERLY M. KEENNER yo,, '+, ;Notary PubBo • Sfate of Florida + - y*Om n"bn697 WOC18.2008 Commission # DD 950492 Bonded By NaBonai NotaryAssrL ®cct: 9731 PUBLIC NOTICE 6pace Coast Credit Union INDIAN RIVER COUNTY RILL BE Ityanwood Slopping Center ACCEPTING APPLICATIONS FOR 2124 58 PARTICIPATION IN THE COUNTY Vero Beach LOCAL HOUSING ASSISTANCE PROGRAM - Notice is hereby given that, starting July 8 2005 , the Board of County Commissioners of Indian River County . Florida will be accepting , applications from households in the very low, low. , and moderate CREDIT UNIONincome categories and from coo profit organizations for the purchase S C C O- • C O M - or rehabilitation of affordablehousing units Unless extended by the county, the application acceptance period will end on July 29 , 2005 , The County estimates that it will receive $916,669 .00, Preluding administrative costs) for FY 2005-2006 fmm:(he Florida Stats Housing Writhes Partnership (SHIP) Program, which will be madelalimlablq / l / through the Indian River County Local. Housing Assistance ' Programfor the following activities; - slow as AVAILABLE LOCAL ASSISTANCE �14a�tIfX 4i / 7yy ofAssum Avallablebyincome f111WFI 1 GQDwi tt P of asratahce s 'le8o : Fs aced Amb 4 rants '"t1Fd $]g D o 00 a aLoands a0 DO OiE BANK i. 265 p0200 �• Rehabilitation loans VLI LI , MI : s ' CALLND COMPARE!rRehabilitation Grants VLI $:100000.00 Down Payment/Closing $350 POO DO V 1 t 1 Cost/Prmciyat Reduction Loans for: okeraOe Business O 'Cash .Out' aPmchnse of an VLI "�187.34501 • Stated lneont¢ existing home without • All Credit Loans rehabibution brtSt• Lucie • Bankruptcy (not more than 15% of total fuids) noCeiihone b Purchase of new home VLI , LI , MI P (less than one year old) c.Constmetlon of new home VLI , LI, MI dPersian s of an cared VLI , 11 , MI I ? ALWAYS THE BEST homebearg reha6ilit ted RATE FIRST WITH inti last t2 moos t OUR DIRECT e b,n purchase arra vu. Id , it rehabilitation "ff an existing home WHOLESALE RATES ! EcombinedConawction VLI, LI , Nil '- 5e9ss/ 0, !p7/ andl petF .e Loans i11@ iVIE'{41//' /ids Land Acquisition , Loa s 1,'LT , Ll nmourh SM UC u Apply online ��I non p r I g cat ] hlly for over a decade. 2417 vrvrv.manoingfinanclal coo 1 x r L 1 u . Lc'+ I [.II M d I I Assistance vylil be pr lied a deferred I v I Lai o "f do t ,>ed !rt (� a Center to l pall l k tile ni lsi tea unit a da efid n aaa ooh ol if smRc tl t Itll Ne of I 1 n m_ t ln .r thr. ass cd ' t . Limi: d s " '.all J of i N as g u is I ,e e'am A l E GUIDE Ap amount ill I firer en in l 1I year residency requ t . in n Apel - tiupat r it I_ornl H u A.�,in I c aa. inn :nett Ire (-hmr�ins re p i tet «: 30-YEAR FIXED ONE-YEAR ADJUSTABLE I come be clesihed ash ether sd verylow told] N his, ormoderate besU�s 111,01110 ld on the RATE POINTS RATE POINTS '/s DN, LOCK CAP following table. Indian River County Maximum Income Levels 0.00 150% 30 216 and hicome Classification Household Very Low Low Moderate NQ 30 114 Size Up to 50% of Ml 51-80% of Ml 81-120`% of MI 1 Person 18 ,650 29 ,850 44,760 2 Persons 21000 34,100 51 ,120 NQ 30 2/6 3Persons 23950 38 ,400 57 A80 4Persons 26 .650 42.650 63960 5 Persons 28 ,750 46050 69000 0.00 - - 6 Persons 30,900 49,450 74 ,160 7 Persons 33 D00 52,850 79 ,200 8 Persons 35150 56900 84360 0,00 s 30 2/6 Ivif= Median Income = $5325000 2. Employymens: At least one of the household members must 0,00 30 2/6 currently be employed (including having been continuously employed forthe eeastyear), beaseesonal fanoworker, orbeaspecialneeds Parson [elderly, disabled, etc) . 0.00 45 216 3 . Assets: Ahousehold's total assets shall not exceed $ 10000 .000.00 % 30 2/6 4. Credit Verification: An applicant shall have a satisfactory credit rating for m least the premium one (1) year0.00 °/s 30 2/6 5 . Homebuyer Smtus: No member of household shall have owned a home for al least till (3) years before being approved toreceive down paymenUclosing coat assistance°/r 30 2/6 6. Purchase Price Limltation: The purchase price for new and existing homes may not exceed $154$96DU. 0.00 % 30 2/6 EL HIRITMON OF MOBILEHUM Nonds may not be used to repa'ir,rohabiiltate, m pmcheae mobile homes. I100,810paakurofrda{IsSmity, alsmr- ampidtl°Ieeatgha 2lMAvxappmst Information and apphicatims may be obtained from and courpleted apaslhdtlldodae aAmdtpp8a8mfen sd rhooH6er>teoted '�appppHarden must be submitted m the Indian River County Planning bdingsw iomsatiae. NQ-Qmesatpovlkd. NA-Not AppBaNe..Cam®mw8h T%lon's housing office located at 1840125th Street, Vero Beach, . . . gardPgase4 am iegslnayHdPLEito 1400.8483792 _ Florida, 32960,orooll (772) 2261594 PUBLIC NOTICE INDIAN RIVER COUNTY ANNUAL REPORT FOR THE STATE HOUSING INITIATIVES PARTNERSHIP ( SHIP ) PROGRAM FOR FY 2003 - 2004 , FY 2004 - 2005 AND FY 2005 - 2006 AND HURRICANE HOUSING RECOVERY ( HHR ) PROGRAM FY 2005 - 2006 The FY 2003 - 2004 , FY 2004 - 2005 and FY 2005 - 2006 annual reports for the State Housing Initiatives Partnership ( SHIP ) Program and FY 2005 - 2006 Hurricane Housing Recovery ( HHR ) 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 public comments are encouraged and must be received by August 15 , 2006 . For more information contact Diane Pickhardt at ( 772 ) 226 - 1- 594 . To be advertised August 6 , 2006 . 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 : Carla Tesnow Planning Department 1840 25th Street Vero Beach , Florida 32960 F : \.Community Development \ Users \ SHIP \ Annual Reports '\ AF. 2005 - 2006 \AR2003 - 2006 AD . doc