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HomeMy WebLinkAbout2006-299B. Form 1 : HHRP DISTRIBUTION SUMMARY su6mntal Dale ss-oe ✓ - .. Fiscal rear mo5.21ft �7 A FLORIDA HOUSING FINANCE CORPORATION - HHR PROGRAM ANNUAI. RFPORT NAME OF LOCAL ENTITY: INDIAN RIVER TABLE A' FUNDS FUNDS UNENCUMBERED STRATEGY EXPENDED ENCUMBERED FUNDS DESCRIPTION A B C Proposed Proposed HOMEOWNERSHIP STRATEGIES Amount Units Amount Uni s Amount units DPCC & IMPACT FEE LOAN $ 418,035 .00 6 .00 $ 2,048, 210.00 31 . 00 DPCC & REHAB $ 187, 576 .47 6.00 $ 689,614 .32 20.00 $ 970,000.00 24. 00 IMPACT FEE GRANT $ 23 ,400.00 18.00 $ 20,800.00 16.00 LAND ACQUISITION $ 817,000.00 37.00 REHAB/REPLACEMENT LOAN $ 202,639 .85 5.00 $ 1 ,289,96250 29.00 $ 2,058,528 .46 34.00 FED/STATE MATCHING GRANT $ 2, 109,300.00 91 .00 REHAB GRANT $ 3 ,000,000.00 200.00 RENTAL TRAT GI S Subtotal $ 1 , 625,251 .32 54.00 $ 7, 112,276.82 358.00 $ 5,097, 538.46 105.00 Administration $ 328, 161 .40 5 300.000 .00 $ 100,000.00 Home Ownership Counseling Admin from Program Income Admin from Dl sasler Funds Total 1 $ 1 ,953,412.72 54.00 $ 7,412,276.82 358. 00 $ 5,197,538.46 105.00 TABLE B i otel Rcm fire tactual and%o r jusipi for Hur a Housing Trust Fund A Bra Amount Percentage Source of SHIP Funds of Funds of Funds HHRP Distribullon $ 10, 92 9 ,42 1 00 76 ELI Funds $ 2, 184,484 .00 14 Collaborative Funds $ 1 ,456,323 .00 10 Program Income tln� $ Pr r ml P 'm •m ° $ Recaptured Funds $ Disaster Funds $ Carry over funds from previoue year $ oW un s eposde into urncane Housing Trust Fund $ 14,563 , 228 . 00 TABLE C- "Enter Total $$ from Table A, Columns A, 8, & C- $0.00 " Enter amount to be carried rorward to next year, $ 14, 563 , 228.00 TOTAL .$14,563:228.00 FORMS Renls and Compliance Summary Subminat Dole. 9 s o6 Fix-al bear 20o5-iac6 FLORIDA HOUSING FINANCE CORPORATION - HHR PROGRAM ANNUAL REPORT Nar 0l Total Entity. Indian fixer Conry Table Po. Rental Unit Information RENTALRATEc ACTUAL 1; neon B n y IN the unit ecler ar¢ nn C D 1 E STRATEGY DESCRIPTION Err. t Bed 2 Bed 3 Lear 4 BN IRC HOUSING AU IHOm TY 270 340 410 KNHI CHURCH FOUNDATION, INC. 446 FELLSMERL COMMUNITY ENRICHMENT PROGRAM, INC, 400 Table B: Recap of Funding Sources for Units Produced Source of f8 Produced thrift June 30th for Units Amount 0l Funds Expended to Date °b of Total Value A B C Funds Expended 1,625,251.32 61 ve Public Al Lxpended Insole Ponds 1,pendeel 1 ,024, 365 39°11, (assist, Eanm Tam Valle of All Units 2,649.616 32 100% Table C HHR Program Compliance Summary - Home Owne¢hlp/ConsUucllon/Rehab' eo,npi .note ,megaI Fnnd,` Trustnd of Door FundAnn nne, age A e o HOME OWNE2NHIP $ 8'25,.766.60 E 10.92242 Loo 79% costCTION/FE NAeI IITAnoN s 13,935,06c to $ 10.921421 .oC I - Vol - Table D. Program Com plionce - Income Sel-Andes Prog,an C , L, r e by IIId$ l+VenJen. InJ T11111111. i ci , Ii of OjI 4v,r 361st xegmy To Upeebli $ E+cumbered $ Pmeaed dol AI B - C to ds soul U ., in M11rns 11 B C U E T EU 442. 190.75 2,462066.06 1 ,322.042.00 4,232D9681 29.11 $1Q56d '- 2g.Oil Vemw. 883]57. 10 2,934,673.39 2459'54.00 6278,18449 4}9'„ $14,563228.00 to., torso, 250.237.20 1,341l42 625,742.46 2,424 9,2 84 1691 $14,563.228.00 moddene lew,nI 49,OL0.46 360'63.95 490.000.00 899,830.41 Cos $11,563,228.00 TOTAL 1 .625.25132 S 7, 112, 276.82 $ 5,097,538.46 13.835,066.69 IAN 514,563,228.0] finite -sVsrspul IS loo i so F n M1 Aliscons EU. I SPI Aside Et r Di tinr'nX l , EmenLe F as 1 13 ! CrdM Llni� B met Table F. Project Funding fur Expended Funds Only Total HHR 4 of HELD Income Category Mortgages. Loans Mortgages. Loans Average Loan Arenson Grant Ipal 9 and DPTs and DPL 's Amount Total of HHR Grants 0 of HELP Grants Amount postal HHR F Linds -Eal of I one A e C D Eee— g Ell 442,19075 10 44,219 442. 190'5 10 Very Loss 883'57 IO 35 23,250 bg3,T7.10 35 mwmcame 254237.01 u 41 ,706 250,237.01 6 radderate Income 49,066.46 16,355 49,066.46 3 3 TOTAL 162525132 54 30,097 9 1 .625.251 J2 54 FORM 3: Household Characteristics FLORIDA HOIAING FINANCE CORPORATION HHR PROGRAM ANNUAL REPORT Fiscal Year: 2005 2006 Sunmilul DNA P.,.d, 161r.1 or II 4o ,.,, , ,, ..x.,1, ..A,.M ",d,, n,, in n rosn4e. NAME OF LOCAL ENTITY Indian River SU,Rgy Deecdplbn NumMr of Homwholasf Cv..I.ILI ../App Family Rre 5oealal NHNE . , P"e.,,.4 �w LA of L seromm All MIMI of H NI oL I o..,....... .d,nd - - 1WL Inw DPCC & REHAB - ole Of sFFA I ury l I I 1 RE PAS mnrv . a TY OF sr R As 1IAN 1 l 1 1 I 2 I DPCC 6 REHAB - OTYOF VERO SEACP I 1 1 1 1 1 1 1 1 DP( ( 6RUAS - INDIAN RIVER CouNTY 3 1 4 1 } 4 3 1 4 3 1 4 DPCC & IMPACT 'Ff LOAN NDIANRIVERCOUNTY 4 l 1 6 2 1 2 1 6 4 1 6 15 6 REHAB/REPLACEMENT LOAN . INDIAN RIVFRIEUN1Y 2 1 l 4 1 1 4 1 3 4 3 I 4 1 1 1 LANDACQUI9➢ON - INDIAN RIVER COUNer 9 31 32 D 18 19 37 TOTAI $ V0. 35 6 J l t 9 3 5410 IJ 29 2fi 0 0 0 1 1 P 2 1 1 -07-01 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. Date Date 09-05 -2006 Witness Chief Electedo&hcial or ft ee Commissioner Arthur R . Neuberger Date BCC Chairman Date 09-05 -2006 Witness Name and Title OR Date 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`,HHRWNNUAL REPORTS\CERHF] CATION.doc Maintenance Strategy CDPR9063 - Maintenance Strategy - CODE DESCRIPTION IFG IMPACT FEE GRANT IFL IMPACT FEE LOAN DPCC DOWNPA`fMENT CLOSING COST LOAN RL REHABILITATION LOAN LAL LAND ACQUISITION LOAN LB LAND BANKING GDPC IFG + DPCC GEL 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 FSHM MATCH FOR FEDERAL & STATE HOUSING PROGRAM RLG REHABILITATION LOAN / GRANT Indian River County Printed on : 07 / 27 / 2006 11 : 06 : 34AM CD - Plus for Windows 95 / 96 /' NT Page 1 of 1 Figure 11.3 MUNICIPALITIES OF i INDIAN RIVER COUNTY •`:`. . ® . CITY OF WRO BEACN . •' � g • ©ti' . CITY OF SEBASTIAN .:.1 : �j' ;'' :'�'•• . CITY OF FEIISMERE • TOWN OF C.R.510 ® INDIAN RIVEN SNORES �W .!� ■ • TOM OF ORCHID r " ' N v . .� N ( a lorlde Turn Ike , sc��e " ) ? ? ! MOsa L2 INDIAN RIVER GOUNTY DATE . August 2005 q . P . O . Box 1268 Vero Beach , Florida 32961 562-2315 MM Prue Journat 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 20 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, July 10, 2005 Sworn to and subscribed before me this 10th day of July A. D . 2005 , , r'>"� BEVERLY M• KEEHNER rte. ° ;,Notary Pubnc • Siate of Florida /, ' •MyCorrurilssbnE> Oc18, 2008 �y // -O -11 a "� � Commission # DD 350432 / BondedeyNanona� NararyAssn. Display Advertising Manager as I w s n 4 . 75 PUBLIC NOTICE , rm 4, . 375 INDIAN RIVER COUNTY WILL BE ACCEPTING APPLICATIONS FOR PARTICIPATION IN THE COUNTY LOCAL HURRICANE HOUSING RECOVERY PROGRAM Notice is herebygiven :that, starting August 3, 2005, the Board of County Commissioners of Indian River County, Florida will be accepting applications from households in the extremely. low, very low, low, and moderate income categories • ' CaBh OuP and from non-profit orgamzations or for-profit ;developers for the purchase, r8hatiildahon, or production oY affordahle housing units consistent with the • Stated Income County's Hurricane -Housing - Recovery Plan. The County estimates that it will • All Credit Loans receive $14;5632a ' 0 fincluding administrative costs) for FY 2005-2006, FY 2006-2007; and 2007-22008 from the Florida State Hurricane Housing Recovery Bankruptcy (HHR) Program, which wilt:be made eveilable througIn the Indton River County oval Hurncone HousidgAdelivery Program forthe following activities: AVAILABLE LOCAL ASSISTANCE Type of Assistance Available by Income Category Type of Assistance Income Category Estimated Amount ALWAYS THE BEST Impact Fee Grants ELI, vLI, LI x700,000.00 Impact Fee Loans ELI.VLI, LI, MI $4001000.00 RATE FIRST WITH .Rehabilitation or Re lacemem Loans ELI,,VLI, LI; MI $778743.00 ev OUR DIRECT Rehabilitation or Relacement Grants ELI VLI LI $3,500000.00 Down PaymenI costyPrincl al WHOLESALE RATES ! ReductionL°ane: Eu vu a MI $500,000.00 5 89 ®®� � Land AcnwsdionLoans EU , VLI LI $500,000.00 (through non-profit organizations onry) Apply online It rr 2417 [`��. ;" Matching Grant for Fetleral ELI, VLI, LI, MI $6,000,000.00 IP.. and State Housing Programs (through non-profit org. + • www.manningfinancial.com or developers) nter - RI = Bapenif low Income; VLI= Very Low Income; H = LOW Name; Ill = Moderate Income Most assistance will be provided as deferred payment loans. These loans do not need to be paid back until the assisted unit is sold, refinanced with a "cash out' or occupied by someone other than the original loan recipient. Some assistance will provid be ed as grants. For grants , the grant amount will be forgiven after meeting affordability time frame. ONE-PEAR ADJUSTABLE Applications for the Local Hurricane Housing Recovery Program must meet the POINTS % DN. LOCK CAP following requirements:. 1 . Income Level for a household eligible to occupy assisted units A nnual gross Income level be classified as either extremely 0 .00 5% 30 2/6 household's total a low, very lour, law. or moderate income based on the following table. NQ 5% 30 2/6 Indian River County Maximum Income Levels and Income Classification : 0 .00 Solo 30 2/6 Household ExtremelyaLow Very Low Low Moderate Size Up to-30% of MI Up to 501af MI55-801 of MI 81-120% of MI 1 . Person 1 ,200 18,650 29,850 44 ,760 NQ _ _ _ 2Persons 12,800 _ 21 ,300 34,100 51 , 120 14,400 23;950 3 Persons 38,400 57,480 4 Persons 16,000 26,650 42,650 63,980 46,1050 ss,000 NQ 5019 30 2/6 5 Persons 17,250 28,750 6 Persons 18,550 30,900 49,450 - 74 ,160 7 Persons 19,850 33,000 52150 ,850 79,200 0.00 5% 30 2/6 8Persons 21,100 me a MedianI come = $53,25800 84,380 NQ 5% 30 2/6 2-. Maximum. amount of rent to be charged to eligible households. Indian River County Maximum Rents 0.00 5% 45 2/6 Unit ELI VLI LI - MI . 1 :00 10% 30 2/6 Eticiency 280 466 746 1,119 1 Bedrohm: 300 499 799 . 1 ,198 2 Bedrooms 360 - 598 - 960 - 1437 NQ 5° a 30 2/6 9Bedrooms 415 692 1 WB 662 4 Bedrooms - 463 772 1 ,236' 0.00 5% 30 2/6 3. Homebuer Status: No member of household shall have owned, a home for at . least three (3� years before being- approved to receive down paymentIclosing cost NQ 5%: 30 2/6 assistance. 4.Purchase Price Limitation: The purchase price for new and existing homes may .owner- occupied home with a 20% down payment - not exceed $189,682.00. )fication fees and should be checked. to not provided. N/A = Not Applicable-Consumers wrtr Inlormetlon and applications may beobtained from and completed application must by TUNE at I-800-948-3792. submi25th Street, yem Beato the can River County h, Florida, S296Q,'In2) 2 6anning '151011's ficuthill office nested at 1648 94 or (7721.261454 .w,LxNwsc'I"asmr.,€4 P:+ ` :/.`. d... "+ ,per: "` 'bra` S �e"z .��. .' 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 25`° 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 - 1594 . 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 : ACommunity ')eve lopment VCsers \ 55IPAAnnual Per orts \ AR 2005 - 2606AAP2003 -2606 AD . dw