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HomeMy WebLinkAbout2000-25540 4W NORM 1: SHIP DISTRIBUTION SUMMARY SUBMITTAL DATE: 8/22/00 Section 420,9075(9), F.S. 1 FLORIDA HOUSING FINANCE AGENCY - SHIP PROGRAM ANNUAL REPORT _ter for State Fiscal Year: 1999--2000 00- 7 NAME OF LOCAL SNTITYs Indian River County TABLE A: ` STRATEGY nAfirRTCTTFIW SHIP FUNIS EXPENDED A Amount Units SITIP FONDS Amount ENCUMBERED B Units UNENC1MSERED SHIP FUNDS C F�oposed Proposed _ 1 DOWHPAYMENT CLOSING CO 59,234.46 4 0.00 0 0.00 0 2 DPCC + RL 529,634.14 24 0.00 0 1 0.00 0 3 IFL + DPCC + LAL 22,455.00 1 0.04 0 0.00 0 4. IFL + DPCC 62,164.86 5 0.00 0 0.00 0 5 IFL + RL 1,578.10 1 0.00 0 0.00 0 6 REHABILITATION GRANT 29,926.00 3 0.00 0 0.00 0 7 REHABILITATION LOAN 31,056.55 2 0.00 0 0.00 0 0 SUBTOTAL* 736,049.11 45 0.00 0 0,00 0 HOME OWNERSHIP COUNSELING 0.00 0.00 o.00 ADMIN FROM PROGRAM INCOME ADMINISTRATION TOTAL 0.00 74,977,00 811,026.11 45 0.00 0 0.00 0 -Inas rigure 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. A B C Source of SHIP Funda. Amount of Funds Percentage of Funds State Annual Distribution 749,773.00 92,18 Program Income 17,382.65 2.14 Recaptured Funds 44,978.78 5.53 Other Funds: 0.00 0.00 Carry over from previous year 1,222.30 0.15 Total Funds Deposited into Local AFFnr.i a.hla hn""a ir�rt Tr„eh Rn nri 813,356.73 100.00 TABLE C: **Enter Totals from Table A, Column A, B, & C 011,026.11 ***Enter amount to be carried forward to next 2,330.62 TOTAL 813,356.73 ** Must equal total from Form 1, 'Cable B, Col. n. *—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/97-1 Printed: 08f02f2000 40 4W FORM 2: Rents and Compliance Summary submittal. pate: 8/22/00® Section 420.90751b1. fcl,, td1. (al F.S. FLORIDA HgUSING FINANCE AGENCY - SHIP PROGRAM ANNUAL REPORT For State Fiscal Year: 1999-2000 Name of Local Entity: Indian River County Table A: Rental. Unit Information Strategy Description _ Rental Rates -Actual Efficiency 1-Sedioo 2 -Bedroom 3 -Bedrooms 4 -Bedroom TFL DP(r .to nn go -no sn'00 no.flo nn lLQQ ranee n: Recap of Funding Sources for Units produced source of tunas .tor Amount of Funds Pt:.rcentage C - SHIP Funds expended $736,049,11 20 Public moneys expended $42,000.00 2 Private Funds expended $1,825,655.00 70 Owner Equity $11,850.00 p `total Value Of All Units $2,615,554.11 100 Table C: SHIP Program Compliance Summary - Home Ownership/Construction/Rehab* A 9 Trust C In Statute Compliance Category SHIP Funds I Fund *+ € of Trust Fun_dl lin im++m a HOME OWNERSHIP 736,049.11 794,751.78 93 65% CONS2`RUCTION FtEHABILITAT1ilN 691,814.65 794,751.78 87 751k " Include amounts expended, encumbered, 6 unencumbered (projected) in this table *' Trust Fund equals Distribution plus Recaptured Funds Table Ds Program Compliance - Income Set -Asides ill Prnoram rmmnl i 1— rtn; f rrc i:_ A 8 C - Col. 67 -co -1 . C Income Category Units Grand TOt Units Tot % of Very Low Income 19 45 42 Low Income 23 45 47 Moderate Income 5 45 11 TOTAL - 45 45 100 (2) Program Compliance by Funds Expended (If Applicable) A B C D E Total * r of Tota. Income Category SHIP $ SHIP $ SHIP 5 'Total Available Available Very Low Income 390',"1'1'V39 0.00 0.00 340,110.39 813,356.73 F 48 Low Income 278,598.85 0.00 0.00 278,598.85 813,356.73 34 Moderate Income G7, 339.87 0.00 0.00 67,339.87 813,356.73 8 TOTAL 736,049.11 0.00 0.00 736,049.11 813,356.73 94 "Total Available Funds" equals Liintribution * Recaptured Funds + program Income t Carry over Funds + Other Funds * FLOW Form 1 Table 13 Column 6 total Value of SHIP Number of SHIP Value of Number of Average Income Category MortgageTs Mortgages Average. SH 11' SHIP Grant 44W Income 1 8 59$.85 �13 O.tltl 0 Moderate Income 67 339.87 0.00 0 TOTAL 706,123.11 29,926.00 3 w QMC Total Amount of * 51 Tol __k171382.65 869.13 NIA Counties and Eligible Municipalittes which recei+m mrite than the minimum distribution Counties and Eligible Municipalities which receive the minimum dkstribution or less SHIP AR/99-1 9,975.33 • 40 i 11 in n 4i O V 14 ori M V eU N m N co ry C] v N 4 14 n co 0 e a 40 C� 40 I It i e z 4 V Er Q we [L �O CC -j LL z d Z t FORM 4: Program Summary Section 420,9075 Submittal Date: 8122100 FLORIDA HOUSING FINANCE CORPORATION SHIP PROGRAM ANNUAL REPORT - STATE FISCAL YEAR 1999-2000 Mame of Local Entity: Indian River County I. 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 20i7n density bonus for affordable housing development projects (housing element policy 2.5, Land Development Regulations Section 911.14(4)(x)). • 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 ;toning 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 (5)). • Adopted policies for expedited permit processing (Housing Element policies 1.5 and 1.G). • 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 (Uca1 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 a`s 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 F. 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 downpaymcnt/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 Ifndian 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 SIIIP applications, resolving credit problems, referring applicants to appropriate financial institutions for acquiring first mortgages, and providing other assistance as needed ?. Attach such other data or unique affordable housing accomplishments considered significant by your Agency. (success stories, newspaper clippings, etc.) — By the end of June 2000, approved 45 loans with FY 99-00 funding. Had several public meetings, newspaper and radio advertisements and announcements. The 4W 40 40 LHAProgram is well known to the public. There are many more eligible applicants than the county can assist with SHIP funds. Photocopy of the success stories, newspaper articles, thank -you notes were 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 Advisory Committee, 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. Since State fiscal year 1992-93, 153 mortgages have been made to very low income households with 2 in default. Since State fiscal year 1992-93, 212 mortgages have been made to low income households with 2 in default. SinceStatefiscal year 1992-93, 49 mortgages have been made to moderate income households with 1 in default. Total default rate for all mortgages 2.17%, 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 (1999-2000). Strategy Number of Loans Average SHIP Assistance Downpayment/ClosingCost (DPCC) 4 $14,808 DPCC + Rehabilitation Loan (RL) 29 $18,263 DPCC + IFL + Land. Aquisition Loan (LAL) 1 $22,455 DPCC + 1FL 5 $12,433 RL + 1F'L 1 $1,578 Rehabilitation Grant (RG) 3 $9.987 Rehabilitation Loans (RL) 2 $15,528 Indian River County Printed on 07/28/2000 4:23:CjPM =J-P1vs fTr WinJVws 95/9e/NT Page 1 of 1 e Maintenance Strategy CDPR9063 - 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 LDDC IPL + 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 + LAI, LDBL IFL + DPCC + LB DFRL DPCC + RL DRIL DPCC + RL + IFL RG REHABILITATION GRANT RIG RG + IG Indian River County Printed on 07/28/2000 4:23:CjPM =J-P1vs fTr WinJVws 95/9e/NT Page 1 of 1 11 CERTIFICATION Can behalf of Indian River County, I hereby certify that the information presented herein is true and accurate as of the date of submission. Witness Witness OR t Attest ea C eP k— Date08-22-0 &O Date08-22-00 Chief Elected Official or Designee Commissioner Fran B. Adams Date 08-22-00 BCC Chairman Date 08-22-00 Name and Title GENERA!_ I RMATION Name of Person to call regarding the Annual Report Form: Sasan Rohani, AICD Telephone Number: 561 567-8000 ext. 250 U\V\S\SI-lIP AR99-00 40 CA C-1 P.O. Box 1268 Vero Beach, Florida 32961 562-2315 COUNTY OF INDIAN RIVER: STATE OF FLORIDA Before the undersigned authority personally appeared Darryl K. Hicks who on oath says that he is President of the Press -Journal, a daily newspaper published at Vero Beach in Indian River County, Florida; that A Display ad measuring 20 col. inches at $10.62 per col, inch billed to IRC Planning Department was published in said newspaper in the issue(s) of Sunday, July 25 Sworn to and subscribed before me this 26th day of July A.D. 1999 President -aJk ms's ;NDASTANG bU °t WIC Stale o1 Florida Eto Jan 01. 2001 +^ W. CCeijog3/ I �-`a+sor,ally Known !?0F Produced 1❑ l] T. pe C!ID preAvoea CI C1 0 PrVo" 6roknrou* 6es) :L 1 551-776-9907 Aerage Business _ & Co.'s No Closing Costs sc,<em- sank formula of rare eliminate the rest of the fees Ig costs. sack up again, a new ,group of orro%ets will save thousands an No Closing Costs choice. P they'll refinencc for free. .car & Co. can be reached 1.2725 or 800-870-1942- '. Htil11t'-fJdCiiMRn7P/Ar r`nm ',)-EAR ADJUSTABLE DINTS `1:6)14. LOCK CAP 0.00 5% 30 216 0.00 5% 30 216 0.00 5rk 30 2/6 1.00 120% 30 716 0.00 5% 30 2!6 1.00 5% 60 716 0.00 5% 45 216 0.00 45 612 0.00 3% 30 115 0.00 • 5% 30 216 0.0U 5% 30 114 1.00 5% 45 115 0.00 5% 30 216 0.00 5% 30 216 1.50 20% 30 216 {1.00 5% 30 216 r harne wilth a 2098 darn paywww lora a d be cube kad. Pkue aoraaet Ill kod" ror h%W kmdermay ca t& Dmuenm of el W -W W'de Web -DW ----re—r--a i� ----- ... A (J'cr_wa—dd Aft% ye rfmErr J PUBLIC NOTICE INDIAN RIVER COUNTY IS ACCEPTING APPLICATIONS FOR PARTICIPATION IN TIME COUNTY LOCAL HOUSING ASSISTANCE PROGRAM Hahn b fwoby ps+s dW, OwfiV PWrW 77,1411, it Berl 0 (ate!' (nneissWsn ci W= lire CM*, Florida +A bo W40krq aPpm� fa bovsrbdds is i� wwryry ba, k., and woderos* womM msaporss nod from rbn profd orlarlaa8rrs for ilea �rdasr a rrhabSmias of afkrda66 ho rlino hits. 1}n (K" WktH Fos 00 d aril naive 515x.115-04 Rdikq WffA dtndrl trial For FY 111• i00o ham t1M nw& We Hwwsseaooqq iik im hrpwsfljr ISM P) Ftapram VW VA bo W4&orodaila 1vMh the Iodism rhmr (essfy MZZ is ,. holm kr 'he (tiorirq atiritios: AYACW IE WR A fSidffSE RI - Yely Lo- Wome, tl = Lor Wcam.IC r kkdmois kwwa Asusbnl* Ili 6e prur;4d m MWFd wrwl*t 6m 6maW oe be pW 61 uad iw msaled aril a sa►i Limed anislanrl mt be paridld Is aloe, Appiculh I. & Lid ianup AnakVKe halCo XW aHe tA* Wow" nqulroRppn: A hwwhaldi bid a" lira stare" wise ie as WW voy lar. ar wduala basad ad 41 fab" t66 k -6w PJwr (seely k4asirrr Woo Unh rd YI. 0asr+fituw. FIT It",20DDI H&&4xld Sim Seery low L" lllodrob up ID 50% to lu S14n of m 111.170% of 6Q I penin 16,500 26.400 39,600 2pe= 18,850 30,150 45,740 3pasw 76,700 37,100 soja 4 pv= 23,550 61,100 56,570 5 ftnm 25:150 40JIQ ii'm 6 pMsol 1?)00 43JI10 45570 8 a m 311am 7 0 ,100 "All 4,64 bu . +lata Wam 1541,110 L Lwkymt AI M*st aro d do fbusdlold 1 00 nrinfr be woe *d Cet dm Fm" bol V—Wr -*yed lar in pmt year I, be o s*esad Irwmix a 61 a WW anh WW lQvjy, fislkw, OL). 3. Arris Ahrwu L Us bad euelsM we owed S10,000.00 4. Gads hilk"r: AA wphw sisal bow o W doo" mta rAq For 0 6w fix Perron ern f "Y- 5- 5- Hoariuyu Snevi 96 woe' d 6r.46W"6re aw*d s bill kr k lost dna (3) Yrs wwo b* b1wovw is molar 4"WowlVdMe rod osp WUL 6. hxel*eaf tilmkwm pwdlase Prim fu boon mad ronal rtes W rand 6uwq woe roe W kow 16ni loft W Iry 161 foul HW* 6u+ me hrprw, hlei woe W&M Frit* 6 axidirq 61W S11,5M.00 Wsiww prdnso Orin ke mer bxmz 5106.36 S. DO Ywillrs Hoof rein by Ilam* anpory W b ■ .6 e1 bab*Ilee usars9xl if f" bw Furls my mu btWWRdM ow a�a ssW la6ix p**. wkW, a pard u bell iii 600 to IM0 I Shah, per►16kk fik* nW, d (56 11 S67 1434 e a EMI aI IND000lr u ullr F1=7 Hxl 0141 Otis Hieif F4 *T1! 11ai life 11, 011 tear -l) usars9xl if f" bw Furls my mu btWWRdM ow a�a ssW la6ix p**. wkW, a pard u bell iii 600 to IM0 I Shah, per►16kk fik* nW, d (56 11 S67 1434 e a P.Q. Box 9268 Vero Bench, Florida 32969 562-2395 '!WE � all Prue3ournal COUNTY OF INDIAN RIVER: STATE OF FLORIDA Before the undersigned authority personally appeared Darryl K. Hicks who on oath says that he is President of the Press -Journal, a daily newspaper published at Vero Beach in Indian River County, Florida; that A Display ad measuring 4 cal. inches at $10.62 per col. inch billed to IA. Planning Department was published in said newspaper in the issue(s) of Sunday, July 2, 200 Sworn to and subscribed before me this 2nd day of July A.D. 2000 President �oa�p SrgryG� too-;* : 1o.[[f}1013 : o d� t t� RHONDA SANG Notary Public Slate of Florpa Aly Ccrrrlpssion Exp. Jan 01. 7001 Comm. No CG 611 Persona4 Known or Proguced ID 3 TYPe W ID Plod uad � C> 41D 40UM CfYZ 1tq ..: brood• Court, singlc-family resi- tly ,SK0422. dance, #97,000. chestnut, 9123 100th 'Huet,-9435 106th Ave., !x„000• Court, 1pottglo- mly residence, r&_... .ddiUc0IN y T 4665 30ttb $108 Jow.lfdbert. 436 G iotttt,, Sul Se]tavl Inc., 1$95 pro f tpidence, 5174, 69. x'ard': Mciiouald Properties -d's Drive, science arts LLC, 1 85 Palm Breeze Terrace, Q00.000. single-family residence, 1186,867. - s Cikn West Ltd., 2460 Sea OWU Investment Ltd., re, pool, $10,467. 8865 Orchid Island Court, single- Plaw, 8416 93rd Ave.. family residence, $191,422. Groza Builders Inc., 717 Forster Graydon Tha►rr. 594 53rd S1rponald Pro sties ware, addition . Palm Breeze Terrace. Thomas Stey'tr, _zt 16th Place r, 244 .5 McDonald Fro sties S.W.. Angle -family residence. 593,058. Palm Breeze Ttrrace, Thomas Colhns. 2755 Earring Glcl7vaald Properties Pont Drive, dock. 515.000. Charles McCloud. 6955 49th - Palm Breezy Terrace, St. addition, 119.169. 5 _-% esti. 8136 99tb Ave.. 6 Ham' Walker. 2010 Club I}ntie. garegt. 535.-109.. '_075 ' Phillips, 2115 Cap Neil 4tcLean. S. Porpoise t. pool. $20.000. i ubergcr, 3875 N. Savan- Point Lane. addition. 524,000. Indians River Medical Associ- , pool, $14.700. alts, 787 37th St., addition. Abbey, 479 12th Place .514,300. 5127,000. Canning Corp., 9395 W. ny Borruso, 865 18th St, Maiden Court, pool, $9,145. angle -family residence,Floyd Bragg. 5910 65th St., pool. $13,000. -s Lee, 6285 105th Place, Channing Corp.. 9385 W. 'slyy residersoe $230,904. Maiden Court, pool. $15,600. Julian Reid, 4220 70th Ave., Sansop, 205 Mooting- addition 348,300. Pool, 518,000, ,rustm"Vero to Robert MacCrate, trtutm New York, N.Y., ave Nowi*t. a port4on of lots 5 and 6, block 13, phase 1,. 24 1+d$, Co .6, t6 a , to Josepand J: kston, �so1r., ann, trustees, Catumbms, Ohio, .lot 2. block ;.000. 31, 5514000. tsion Windsor Properties, Vero Bead, to Peter -id L, George G, and Sara W. Wilds, Vero Beach, lot 2 and T. and Nawy part of lot 3, block 12, $1,250,000. Y., ports of Windsor Propwfia, Vero Basch, to ioek 4, lot 7, Charles W. and Estelle'Brashem, Vero Beach, 00. lot 3, block 41, $46000. Charles W. .EvAlle Brags, Vero 4toran, Vero Beach, to Windsor Propaftim Vero Brach, lot --o Brach, lot 2, block 4, and part of lot 1. block 4, 5270.000. Windsor Properties, Vero Beach, to David T. Sbedby, trustee, YTmaetka, IIL, lot 3, block New 3Catd6-- 63, vbase 1,1290,0094- ' s Barth, 'Vero Windsor Propatim Veto Beach, to VerJj"1418508 Ontario IlAahad, Toronto, Ontario, . lot 2, block 24, S170M. +- -' be call 1-561-569-7100 C. a. -7o, 1a,Pmcot Group, ode,;-v.al- lo, 4955 Filth ttly residence, $1 Maiden arin4ji,a i= _ , Holidajr�tri enc 585 Red- dmce,S182�17 brood• Court, singlc-family resi- Danna F7alxrny, -485 33rd dance, #97,000. S�gqttare siaglc-faafliy reside roe, Robert and Mary Bruno, 478 $ f72, . Arbor St., swinamW9 Pool, Indian River County, 9815 $10,000. State Road AIA, modular off=, John Gaffney, 344 Keen Ter - 543.000. race, duplex. $90,000. GHO'l%ero Beach IV Inc., 3408 Aerie 4067 Fraternal Order of 63rd Sqquare. single-family resi- Eagles, 9606 Trade Center Drive, dance. $132.000. commercial clubhouse facility. William ManvOle, 935 Fourth 3163,150. Lane, Pool, 58,000. Groza Builders Inc., 717 Forster MacDonald Properties, Ave., single-famgy' residence, 00 890ergar's Way, pool, 575.000. $18.700, holiday Builders Inc.. 864 Donald Zeigler, 916 Carolina Granduer Ave., single-family' resi• Circle S.W pooh $16,000, dence. S114,000. Vero Beach Municipal Airport, Robert and Laura Baker. 606 3350 Cherokee Drive, canopy, Cottonwood Road, sx: truing S 13,000. pool, 516,000. Gary Peirce, 2381 Buena Vista Wayne Schwann 350 Brook -- Blvd., gars 51,6„473. �� Qar'ji tt,_'3�etllel ( mit .. }WIt!oe�d�[�e Terrace, S%ftnrmng pool, �"W�• PUBLIC NOTICE INDIAN RTS COUNTY ANNUAL REPORT FOR THE STATE HOUSING RGTI,ATIM PARTNERSHIP (SHIP) PROGRAM R Fit 1"S." AND 199"9-28M The t lwlb by the m rL itis; �,tl � n�au�► tnttt�uieaa ism trees, Van 32940. thee hwa of 9:30 ii.m and 3:00 pm oa wce1dBB tt�caxnreiwaeldca�+�ibrnoneimfam.aun Homes `C=I�GE . . Da +r CI .pukw a li � Glq'sge tkitK pFIMC � � ��Screened M=d wof porch A 779 Collier �lt>b Ile,, Sebastian, Florida 32958 1fl mcwn..