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Home My WebLink About2021-115Form 1 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Title: SHIP Annual Report Report Status: Unsubmitted Indian River County FY 2018/2019 Closeout Page 1 Form SHIPAR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 SHIP Distribution Summary Homeownership Homeownership Totals: $639,578.41 30 Rentals Amount Expended $350,000.00 Encumbered $6,069.67 Une,ncuMbered $339,328.61 Code ` Strategy °Expended: Amount . Units Amount , „Unit's Amount Units 2 Purchase Assistance $113,945.65 8 without Rehab 3 Owner Occupied $486,966.71 16 Rehabilitation Loans 6 Emergency Repair Loans $17,509.05 3 8 Impact Fee / Capacity $21,157.00 3 Charge Loans Homeownership Totals: $639,578.41 30 Rentals Rental Totals: Subtotals: Additional Use of Funds Use Administrative Homeownership Counseling Admin From Program Income Admin From Disaster Funds $639,578.41 Expended $35,000.00 $17,269.91 Totals: $691"848.1-2- Total. 848 32 30 Total. Revenue (Actual and/or Anticipated) for Local SHIP Trust Fund Source.of'Funds. Amount Expended $350,000.00 ;Encumbered . $6,069.67 Unencumbered $339,328.61 Code::° Strategy, Amount Units Amounts,.,; Units, . ,' ,.Amount Unit§ Rental Totals: Subtotals: Additional Use of Funds Use Administrative Homeownership Counseling Admin From Program Income Admin From Disaster Funds $639,578.41 Expended $35,000.00 $17,269.91 Totals: $691"848.1-2- Total. 848 32 30 Total. Revenue (Actual and/or Anticipated) for Local SHIP Trust Fund Source.of'Funds. Amount State Annual Distribution $350,000.00 Program Income (Interest) $6,069.67 Program Income (Payments) $339,328.61 Recaptured Funds $.00 Disaster Funds Other Funds Carryover funds from previous year $11.92 Total: $695,410.20 Page 2 * Carry Forward to Next Year: $3,561.88 NOTE: This carry forward amount will only be accurate when all revenue amounts and all expended, encumbered and unencumbered amounts have been added to Form 1 Form 2 Rental Unit Information Description= _ ELI VLI LOW MOD Up to 140% Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Eff. 1 Bed • 2B, SHIP Funds Expended 4 Bed 341 382 533 699 864 568 609 731 845 942 910 975 1,170 1,352 1,508 1,365 1,462 1,755 2,028 2,262 1,592 1,7061 2,047 2,3661 2,639 Recap of Funding Sources for Units Produced ('Leveraging") Source of Funds Produced through June 30th for Units AmountPof Funds Expended to y�" °Date; �sr .4 t%of Total Value, SHIP Funds Expended $639,578.41 100.00% Public Moneys Expended $172,840.50 .00% Private Funds Expended $335,843.06 .00% Owner Contribution $47,807.50 .00% Total Value of All Units $639,578.41 100.00% SHIP Program Compliance Summary - Home Ownership/Construction/Rehab 71 Gompliance`Category SHIP*unds Trust Funds, ° /o,yof Trust Fund;{ Homeownership $639,578.41 $350,011.92 182.73% Construction / Rehabilitation $639,578.41 $350,011.92 182.73% Program Compliance - Income Set -Asides Income Category SHIP. Funds Expended .'-Available,, Funds:AW '. Extremely Low $83,087.35 11.95% Very Low $172,840.50 24.85% Low $335,843.06 48.29% Moderate $47,807.50 6.87% Over 120%-140% .00% Totals: $639,578.41 91.97% Project Funding for Expended Funds Only Page 3 Statute �imurn'/a 65% 75% Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Form 3 Page 4 Income, Category= _.n.. ..Loans.8'DPL's-DPL',Unit ° Total Funds .'� Mortgages, Mortgages,'• , �Loar� &„ #s _' Total Funds.` ��SHIP�drants%, ' SHIP '' Grant Unit #s. :Total SHIP Funds 3 �. .a ._ Expended_ Total # Units_ Extremely Low $83,087.35 2 0 $83,087.35 2 Very Low $172,840.50 8 0 $172,840.50 8 Low $335,843.06 14 0 $335,843.06 14 Moderate $47,807.50 6 0 $47,807.50 6 Over 120%-140% 0 0 $.001 d3O Totals: $639,578.41 30 $.00 0 $639,578.41 Form 3 Page 4 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Purchase Assistance without Rehab SEBASTIAN 1 1 Owner Occupied SEBASTIAN 2-4 1 Description 1 Rehabilitation Loans .-People' People° .-Total. , Owner Occupied Unincorporated 5 Owner Occupied VERO BEACH 14 Rehabilitation Loans 'Other 1 1 Rehabilitation Loans 4 Emergency Repair Unincorporated 1 1 Totals: 13 12 5 30 Family Size Totals: 8 17 5 30 Race (Head of Household) - List Unincorporated" _ ' and Each ll 2-4 '--5 + Description Municipality -; Person .-People' People° .-Total. , Owner Occupied Unincorporated 5 7 2 14 Rehabilitation Loans 'Other Total,' Owner Occupied Unincorporated 4 Emergency Repair Unincorporated 1 1 2 Loans Emergency Repair SEBASTIAN 1 Emergency Repair Unincorporated 1 Loans 2 Purchase Assistance Unincorporated 1 4 2 7 without Rehab Emergency Repair SEBASTIAN 1 Impact Fee / Unincorporated 2 1 3 Capacity Charge Loans Purchase Assistance Unincorporated 4 Purchase Assistance SEBASTIAN 1 1 without Rehab Owner Occupied SEBASTIAN 1 Unincorporated 1 Rehabilitation Loans 3 Owner Occupied BEACH 1 1 Rehabilitation Loans IVERO Loans Totals: 8 17 5 30 Race (Head of Household) - 'List Unincorporated _ . nand Each His'p Description, pa Municipality Whitef Black anic Asian' Indian 'Other Total,' Owner Occupied Unincorporated 4 8 2 14 Rehabilitation Loans Emergency Repair Unincorporated 1 1 2 Loans Emergency Repair SEBASTIAN 1 1 Loans Purchase Assistance Unincorporated 4 1 2 7 without Rehab Impact Fee / Unincorporated 2 1 3 Capacity Charge Loans Purchase Assistance SEBASTIAN 1 1 without Rehab Owner Occupied SEBASTIAN 1 1 Rehabilitation Loans Page 5 Form SHIPAR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Owner Occupied VERO BEACH 1 and Each 1 Rehabilitation Loans Description . Municipality - Worker less Elderly Total.. Totals Demographics (Any Member of Household) 15 11 4 Totals: 5 5 30 Special Target Groups for Funds Expended (i.e. teachers, nurses, law enforcement, fire fighters, etc.) Set Aside Form 4 Illi dation Status of Incentive Strategies Total #`of Exoended'Units .' .... ......... . _ ----- -- Incentive !'Description (If Other) jCategory 9 Status JYear Adopted I(or N/A) Expedited permitting Expedited Permitting - Required Implemented, 1994 I Housing Element Policy 1.5 lin LHAP _ _ __ _ and 1.6� Ongoing review process Ongoing Review -Housing fiRequired Implemented, 1994 l _ _ Element Policy 1.7 lin LHAP Flexible densities 20% Density Bonus- _ Required #Implemented, 11998 Housing_ Element Policy 2.5 _ _ i in LHAP _ Allowance of flexible lot ;Small Lot Subdivision RequiredImplemented, 1992 sizes Regulations _ lin LHAP Allowance of accessory JAccessory Dwelling Unit Required Implemented, 1992 dwelling units _ Regulations _ in LHAP_ _ __� Other !Allowing Multi -Family in Required :Implemented, 1995 Conjunction with iin LHAP _ Commercial Page 6 List Unincorporated and Each Farm Home-' Description . Municipality - Worker less Elderly Total.. Owner Occupied Unincorporated 4 4 Rehabilitation Loans Emergency Repair Unincorporated 0 Loans Emergency Repair SEBASTIAN 0 Loans Purchase Assistance Unincorporated 0 without Rehab Impact Fee / Unincorporated 0 Capacity Charge Loans Purchase Assistance SEBASTIAN 0 without Rehab Owner Occupied SEBASTIAN 0 Rehabilitation Loans Owner Occupied BEACH 1 1 Rehabilitation Loans IVERO Totals: 5 5 30 Special Target Groups for Funds Expended (i.e. teachers, nurses, law enforcement, fire fighters, etc.) Set Aside Form 4 Illi dation Status of Incentive Strategies Total #`of Exoended'Units .' .... ......... . _ ----- -- Incentive !'Description (If Other) jCategory 9 Status JYear Adopted I(or N/A) Expedited permitting Expedited Permitting - Required Implemented, 1994 I Housing Element Policy 1.5 lin LHAP _ _ __ _ and 1.6� Ongoing review process Ongoing Review -Housing fiRequired Implemented, 1994 l _ _ Element Policy 1.7 lin LHAP Flexible densities 20% Density Bonus- _ Required #Implemented, 11998 Housing_ Element Policy 2.5 _ _ i in LHAP _ Allowance of flexible lot ;Small Lot Subdivision RequiredImplemented, 1992 sizes Regulations _ lin LHAP Allowance of accessory JAccessory Dwelling Unit Required Implemented, 1992 dwelling units _ Regulations _ in LHAP_ _ __� Other !Allowing Multi -Family in Required :Implemented, 1995 Conjunction with iin LHAP _ Commercial Page 6 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Support of development g Development Near Required l Implemented, 2010 nearTransportation gin LHAP transportation/employment Hubs/Employment-Housing hubs Element Policy 1.9 I Other lAssistance to Non -Profits Required !Implemented, � 2010 gfor Establishing CLTs- in LHAP Housing Element Policy € 64.10 I Other Assistance to Non -Profits Required Implemented, 2010 ifor Establishing CDCs -in LHAP Housing Element Policy 4.11 Other _ Assistance to Employers �Required�� Implemented, 2010 !for Employer Assisted I lin LHAP ;Housing -Housing Element E Policy 4.12 ' Other Establishing Private/Public Required Implemented, 2010 Housing Trust fund- ;in LHAP iHousing Element Policy _ 14.13 I _ Other !Regulations Allowing Zero (Required ,Implemented, 2012 _ !Lot Line Subdivisions _ !in LHAP Other IEstablishment ofLHAP- Required _ ;Implemented, 1992 Housing Element Policies in LHAP 2.7, 3.6, 4.4, 4.6, 4.7, 4.9, land 9.1 Impact fee modifications SF Affordable Housing Required ;Adopted 2020 IImpact Fee ReductionMaiver j Support Services The county, in conjunction with financial institutions, conducts a homebuyers education workshop program for all applicants who request purchase assistance. The county holds Indian River County SHIP Affordable Housing Partnership Meetings with local lenders and real estate professionals to provide updates on office policy changes to the SHIP program and invite them to join the SHIP program. SHIP staff work closely with Habitat for Humanity staff to provide loan assistance to qualified loan applicants in Indian River County. 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. County staff provide 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. County SHIP staff, in conjunction with local financial institutions, non-profit organizations and others, conducts information workshops in the Gifford and Wabasso area of the county which have a high percentage of minorities and low income households. Other Accomplishments Page 7 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 4t the end of June 2019, the Indian River County LHAP Program has approved 22 loans with FY 2018/2019 unding. LHAP Program staff held several public meetings, placed newspaper advertisements and announcements. Because of these efforts, the LHAP Program is well known to the public, and there are nany more eligible applicants than the county can assist with available SHIP funds. Availability for Public Inspection and Comments %nnual reports provided to the public through AHAC, Affordable Housing Partnership Group, county Manning division, municipalities within the county, and the county website. Life -to -Date Homeownership Default and Foreclosure Total SHIP Purchase Assistance Loans 820 Mortgage Foreclosures A. Very low income households in foreclosure: 47 B. Low income households in foreclosure: 53 C. Moderate households in foreclosure: 15 Foreclosed Loans Life -to -date: 115 SHIP Program Foreclosure Percentage Rate Life to Date: 14.02 Mortgage Defaults A. Very low income households in default: 0 B. Low income households in default: 0 C. Moderate households in default: 0 Defaulted Loans Life -to -date: 0 SHIP Program Default Percentage Rate Life to Date: 0.00 Strategies and Production Costs �� Strategy Average Cost Emergency Repair Loans $5,836.35 Impact Fee / Capacity Charge Loans $7,052.33 Owner Occupied Rehabilitation Loans $30,435.42 Purchase Assistance without Rehab $14,243.21 Expended Funds Total Unit Count: 30i Total Expended Amount: $639,578.00 Strategy: Full, Name�4�t ress" City - Zip , Expended FY if Unit. =Code'°Funds Already _:Counted Owner Occupied MAVIS 2119 SUNRISE DR VERO BEACH 32962 $44,786.20 Rehabilitation BROWN SW Loans Page 8 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Emergency Repair ROBERT & 110 16TH AVE VERO BEACH 32962 $5,534.60 Loans JEANE BROWN Emergency Repair PENNY 494 EASY ST 'SEBASTIAN 32958 $3,652.95 Loans CALDWELL Owner Occupied BRENDA 4258 36TH CT VERO BEACH 32967 $37,451.50 Rehabilitation FLOWERS Loans CANADY Owner Occupied BRENDA 4048 42ND SQ VERO BEACH 32967 $34,068.50 Rehabilitation CROSDALE Loans Owner Occupied JESSE & 8636 61 ST DR VERO BEACH 32967 $23,470.50 Rehabilitation ANDRIANA Loans CHAMBERS Owner Occupied PARASTOU N 2523 2ND PL SW VERO BEACH 32962 $50,000.00 Rehabilitation ERFANI Loans Purchase JA'LICIA 2050 WATERSIDE VERO BEACH 32962 $15,000.00 Assistance without SADE WAY SW Rehab GACHELIN Impact Fee / JA'LICIA 2050 WATERSIDE VERO BEACH 32962 $7,560.00 Capacity Charge SADE WAY SW Loans GACHELIN Purchase ALICIA- 2120 WATERSIDE VERO BEACH 32962 $20,000.00 Assistance without NICOLE WAY SW Rehab GOODNIGHT Impact Fee / ALICIA 2120 WATERSIDE VERO BEACH 32962 $7,560.00 Capacity Charge NICOLE WAY SW Loans GOODNIGHT Purchase STEPHANIE 831 WASENA AVE SEBASTIAN 32958 $15,000.00 Assistance without ANN Rehab GRIESHABER Owner Occupied STEPHANIE 831 WASENA AVE SEBASTIAN 32958 $9,730.30 Rehabilitation ANN Loans GRIESHABER Owner Occupied DAVID J. & 1726 29TH AVE VERO BEACH 32960 $48,279.00 Rehabilitation SUZANNE Loans GUARIN Purchase SHELDON 8345 99TH CT VERO BEACH 32967 $10,000.00 Assistance without JAMES Rehab KOSCUK Owner Occupied SHELDON 8345 99TH CT VERO BEACH 32967 $9,900.00 Rehabilitation JAMES Loans KOSCUK Purchase JESSICA 2103 2ND AVE SE VERO BEACH 32962 $15,000.00 Assistance without AMELIA RICE Rehab Owner Occupied JESSICA 2103 2ND AVE SE VERO BEACH 32962 $9,991.00 Rehabilitation AMELIA RICE Loans Owner Occupied JEANETTE 3406 47TH ST VERO BEACH 32967 $37,755.85 Rehabilitation ROWE Loans Page 9 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Owner Occupied ANDREA 1190 5TH AVE SW VERO BEACH 32962 $40,779.51 $116,190.14 Rehabilitation SCHULZE Interest Earned: ALL $52,269.91 Loans Owner Occupied LARRY AND 8535 61 ST DR SEBASTIAN 32967 $44,551.00 Rehabilitation LUCILLE Loans SHUREN Purchase DAVID LEE 1260 12TH CT SW VERO BEACH 32962 $20,000.00 Assistance without AND Rehab SCHWARZKO PF, KARINA SMITH Impact Fee / DAVID LEE 1260 12TH CT SW VERO BEACH 32962 $6,037.00 Capacity Charge AND Loans SCHWARZKO PF, KARINA SMITH Purchase LEONARDO 8866 104TH AVE VERO BEACH 32967 $9,378.45 Assistance without AND LUZ Rehab VAZQUEZ Owner Occupied LEONARDO 8866 104TH AVE VERO BEACH 32967 $4,731.80 Rehabilitation AND LUZ Loans VAZQUEZ Purchase CARLOS 916 35TH AVE SW VERO BEACH 32968 $9,567.20 Assistance without VAZQUEZ Rehab Owner Occupied CARLOS 916 35TH AVE SW VERO BEACH 32968 $4,230.05 Rehabilitation VAZQUEZ Loans Emergency Repair ALVIN 1696 19TH AVE SW VERO BEACH 32962 $8,321.50 Loans WIGGINS Owner Occupied LADONNA 2440 42ND PL VERO BEACH 32967 $45,331.50 Rehabilitation WILLIAMS Loans Owner Occupied MARGARET 3856 44TH ST VERO BEACH 32967 $41,910.00 Rehabilitation WILLIAMS Loans Administration by Entity Name . 'Business, Ty pe' Strategy Cpvered` Responsibility Amount Indian River County $116,190.14 Government ALL Interest Earned: ALL $52,269.91 Program Income Program'lncome Funds. , Loan Repayment: $4,228.94 Refinance: $.00 Foreclosure: $116,190.14 Sale of Property: $218,909.53 Interest Earned: $6,069.67 Total: $345,398.28 Page 10 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Number of Affordable Housing Applications Number of Affordable Housing"Applications,' Submitted Approved Denied Explanation of Recaptured funds Description Amount Total: $.00 Rental Developments Not Applicable Form 5 Page 11 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 Special Needs Breakdown SHIP Expended and Encumbered for Special Needs Applicants Special Needs Category Breakdown by Strategy b °Expded en Encu mbered Codes) Strategies:., ;Amount ' , Units ::Amount Units 3 Owner Occupied Rehabilitation Loans $195,590.70 5 6 Emergency Repair Loans $13,856.10 2 Special Needs Category Breakdown by Strategy Provide a description of efforts to reduce homelessness: Providing downpayment, closing cost and impact fee loans that provide long term affordable housing. Rehabilitation and emergency rehabilitation loans to provide long term habitable housing and affordable housing. Interim Year Data Page 12 Expended ° ` Encumbered Strategies > , $pecial`Needs'°'Category ; ry ,Amount %„ Units , Amount Units (3) Owner Occupied Person with Disabling $82,237.70 2 Rehabilitation Loans Condition (not DD) (6) Emergency Repair Receiving Social Security $13,856.10 2 Loans Disability Insurance (3) Owner Occupied Receiving Social Security $113,353.00 3 11 Rehabilitation Loans Disability Insurance Provide a description of efforts to reduce homelessness: Providing downpayment, closing cost and impact fee loans that provide long term affordable housing. Rehabilitation and emergency rehabilitation loans to provide long term habitable housing and affordable housing. Interim Year Data Page 12 Interim Year Data interim Year 1. 1 State Annual Distribution $358,231.00 Program Income $313,319.23 Program Funds Expended $241,238.57 Program Funds Encumbered $378,822.60 Total Administration Funds Expended $51,489.06 Total Administration Funds Encumbered Homeownership Counseling Disaster Funds 65% Homeownership Requirement $620,061.17 75% Construction / Rehabilitation $620,061.17 30% Very & Extremely Low Income Requirement $286,136.22 30% Low Income Requirement $329,730.25 20% Special Needs Requirement $380,999.29 Carry Forward to Next Year interim Year;2 State Annual Distribution Program Funds Expended Program Funds Encumbered $14,074.23 Page 13 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 173.09% 173.09% 42.61% 49.10% 56.73% LG Submitted Comments: Page 14 Form SHIP AR/2009 67-38.008 (5), F.A.C. Effective Date: 5/23/2017 State Housing Initiatives Partnership (SHIP) Program Annual Report and Local Housing Incentives Certification On Behalf of Indian River County (Local Government), I hereby certify that: 1. The Annual Report information submitted electronically to Florida Housing Finance Corporation is true and accurate for the closeout year 2018/2019 and interim years 2019-2020 & 2020-2021 . 2. The local housing incentives or local housing incentive plan have been implemented or are in the process of being implemented. Including, at a minimum: a. Permits as defined in s.163.3164 (15) and (16) for affordable housing projects are expedited to a greater degree than other projects; and b. 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 is estimated to be $ 0.00 4. The cumulative cost per rehabilitated housing per housing unit, from these actions is estimated to be $ 0.00 Staff Member responsible for submitting annual report to FHFC: Bill Schutt g /� zo21 Wi ess 5griature Date Edwin J. Offutt Witness Printed Name l`,mo6" 08/17/2021 Witness Sig ature Date Kimberly K. Moirano Witness Printed Name of d Officia`'or Desig Chief Elected Official or Designee ATTEST: Jeffrey R. Smith, Clerk of Circuit Court and Comptroller APPROVED AS TO FOR:,; AN L " AL F EN B WILLIAM K. DEBRAAL DEPUTY COUNTY ATTORNEY ATTEST (Seal) Sign ture Date 420.9075 (10) Each county or eligible municipality shall submit to the corporation by September 15 of each year a report of its affordable housing programs and accomplishments through June 30 immediately preceding submittal of the report. The report shall be certified as accurate and complete by the local government's chief elected official or his or her designee. Transmittal of the annual report by a county's or eligible municipality's chief elected official, or his or her designee, certifies that the local housing incentive strategies, or, if applicable, the local housing incentive plan, have been implemented or are in the process of being implemented pursuant to the adopted schedule for implementation.