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Home My WebLink About2009-229D dorm 1 : DISTRIBUTION SUMMARY Submittal Date 9108109 qJ0 I HHR ANNUAL REPORT FORM AR05A (07105 ) Fiscal Year 2005 - 2008 Interim Q� FLORIDA HOUSING FINANCE CORPORATION - HHR PROGRAM ANNUAL REPORT NAME OF LOCAL ENTITY: Indian River County TABLE A: FUNDS FUNDS FUNDS STRATEGY EXPENDED ENCUMBERED UNENCUMBERED DESCRIPTION A B C i}4 Proposed Proposed Purchase Asst - no Rehab Loan 90 740.00 5.00 0 .00 Purchase Asst and Rehab Loan 21000t674 , 90 56 .00 $ 0 .00 FED/STATE Matching Grant 31000,000.00 200.00 1 , 251 , 840 .00 41 .00 Impact Fee Grant $ 44 200 .00 34.00 0 .00 Purchase & Impact Fee & Land Acquis . Loan $ 11912 , 813 ,32 36 .00 $ 0 . 00 Purchase & Impact Fee Loan $ 21533 ,438 ,22 42 . 00 0 .00 Replacement Loan $ 11920, 982 .31 22 . 00 0 .00 Rehabilitation 10 r. Loan to Grant $ 635 297 .07 18 .00 0 .00 Rehabilitation & Impact Fee 10 r . Loan to Grant $ 27t821 .45 1 . 00 0 . 00 Rehabilitation Loan $ 395 469 . 55 16. 00 $ 0.00 Sub otal r .- 12 '569 436;$2 430:00 $ 1 251840.00' ' 41x00,` r " Administration $ 700 246 . 18 $ 50 000. 00 0 .00 Home Ownership Counseling $ Admin from Program Income $ 1 14 563.523 00 Admin from Disaster Funds $ Total $ 13 ,261 ,683.00 430.00 $ 1 ,301 ,840.00 41 .00 This figure must equal the amount for Funds Expended" on Form 2 , Table B . TABLE B : feral Revenue (actual and/or anticipated) for Hurricane Housing Trust Fund A B Amount Percentage Source of SHIP Funds of Funds of Funds HHRP Distribution $ 10 922 421 . 00 75 ELI Funds $ 2 184 484 . 00 15 Collaborative Funds $ 11456 , 323 .00 10% Program Income Interest Program Income Pslments _ Recaptured Funds Disaster Funds - Carry over funds from previous year NA This line does not apply o a unds Deposited Ino uincane ousing rus $ 14 , 563 , 228 . 00 100% Fund r. 3. FORM 2 . Rents and Compliancg Summary Submittal Date: 9/09/09 HHR Annual Report form AR05.1 (07/05) Fiscal Year 2005-2008 Interim FLORIDA HOUSING FINANCE CORPORATION - HHR PROGRAM ANNUAL REPORT INDIAN RIVER Name of Local Entity: 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 Eft, 1 Bed 2 Bed 3 Bed 4 Bed IRC HOUSING AUTHORITY 270 340 410 BY THE RIVER INC . KASHI CHURCH FOUNDATION 446 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 Funds Expended 12 ,6612436 . 82 86% Public Moneys Expended 55 265 . 35 0% Private Funds Expended $ 51282 ,300. 00 43%144 , 792 . 50 1 % Owner Equity Total Value of All Units 18 ,043 , 794 .67 146% Table C : HHR Program Compliance Summa - Home Ownership/Construction/Rehab` Compliance Category Funds' Trust Fund " % of Trust Fund Minimum percentage A B C D E HOMEOWNERSHIP 91562 , 726.64 14 , 563,228. 00 66% 65% CONSTRUCTION/REHABILITATION 13, 834 , 566 . 64 14 , 563 , 228. 00 95% 75% Include amounts expended , encumbered , & unencumbered (projected) in this table "X " this box If you have ean�approved waiver of the 65% Homeownership'Re ulrement Table D: Program Compliance - Income Set-Asides Program Compliance by Funds Expended , Encumbered , Unencumbered (projected) % of Total Income Category $ Expended $ Encumbered *Unencumbered Total A+ B+ C Available Funds 'Total Available Funds A B D E F ELI 2 , 5281723 .68 244 , 261 . 44 2 , 772 , 985 . 12 19% $ 14 , 563 , 228 .00 VeryLow 5 , 267 , 157 . 05 702 , 251 .64 5 ,969 ,408 . 69 48 % $ 12 ,378 , 744 . 00 Low income 41082 , 057 . 19 305 ,327 . 92 41387 , 385 . 11 35% $ 12 , 378 , 744 .00 Moderate Income 683 ,498 . 90 683 ,498 . 90 6°0 $ 12 , 378 , 744 . 00 TOTAL 12 , 561 , 436 . 82 1 ,251 ,840 . 00 13 , 813 , 277 . 82 112 / $ 12 ,378 , 744 . 00 "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 a teachers nurses law enforcement fire fighters L etc. ) Set Aside Strategy Description Special Target Group Expended Funds Total # of Expended Units A B C D Total Table F : Project Fundin for Expended Funds Only Total HHR # of HHR Income Category Mortgages , Loans Mortgages , Loans Average Loan Total of HHR Average Grant Total # and DPL's and DPL' s Amount Grants # of HHR Grants Amount Total HHR Funds Expended of Units A B C D E F G H ELI 1 ,781 ,032 . 73 31 57 ,452 .67 7479690 .95 58 12, 891 .22 21528 , 723.68 89 Very-Low 3 ,679 , 892 . 50 5369 ,431 . 93 1 ,587 , 264 . 55 99 16 , 032 .97 5, 267, 157.05 152 Low Inwme 2 ,505 , 852 . 59 53 47 , 280.24 11576 ,204.60 101 15 ,605.99 41082,057 . 19 154 Moderate Income 683 ,498 .90 35 19,528 . 54 683,498 .90 35 1 TOTAL 8 ,650 ,276.72 172150,292.31 31911 , 160. 10 258 15 , 159 . 54 12 , 561 ,436.82 430 I .AR05-1 FORM 3 : Household Characteristics FLORIDA HOUSING FINANCE CORPORATION HHR Annual Report form AR05-1 (07105) HHR PROGRAM ANNUAL REPORT Fiscal Year: 2005-2008 Interim snanml % Pronde mfornixfion only on arAS far whirls Pruyram funds have been e+aenaen. NAME OF LOCAL ENTITY: INDIAN li CWNTY Prw info r 00n W fa,E a buatlgM only. Strategy Description Number of Households! CharactensticslAge Family Race Special Needs Units Produced (Head of Household) Size (Head of Household) (Arty Member of Household) (LM UMnmrpaafM ab each very 1 Amv Farm De+el. Naeda'(defi) Munkipaary witty acMdy) ELI Law Lox Med. Tohl 0.25 26-40 41 -61 6�� Total 2-4 5� Black Hispano Asian Indian Other —TotaWarlm U+aMad Hmrlea E_M�+h d6abkd A a D F F DPCC/IMPACT FEE/LAND AQUISmON LOANS - IR COUNTY 1 14 21 36 4 24 c B 36 2 29 5 36 12 14 91 36 1 1 3 DPCCAMPACT FEE LOANS - SEBASTIAN 1 1 1 1 1 1 1 1 1 DPccnmvncT FEE LOANS - INDIAN RIVER COUNTY 6 26 8 1 41 10 25 6 41 3 36 2 41 2 25 3 41 DPOC & REHAB LOANS - INDIAN RIVER COUNTY 2 7 17 15 41 8 18 15 41 14 25 2 41 10 24 7 41 1 DPCC & REHAB LOANS - CITY OF SEBASTIAN 2 6 5 13 2 4 6 1 13 6 6 1 13 11 2 13 1 DPCC & REHAB . CITY OF VERO BEACH 2 2 1 1 2 1 1 2 2 2 DPCC LOANS - INDIAN RIVER COUNTY 1 3 4 2 1 1 4 1 2 1 4 1 3 4 1 DPCC LOANS - CRY OF SEBASTIAN 1 1 1 1 1 1 1 1 REHAB LOANS - INDIAN RIVER COUNTY 4 5 9 1 4 3 1 9 8 1 9 4 5 9 1 REHAB LOANS - CRY OF SEBASTIAN 1 1 2 1 1 2 1 1 2 1 1 2 1 1 REHAB LOANS - CITY OF VERO BEACH 3 2 5 1 3 1 S 1 4 5 1 4 5 REHAB LOAN/GRANTS-INDUW RIVER COUNTY 7 6 13 4 2 7 13 8 4 1 13 7 5 13 8 4 REHAB LOAN/GRANTS - CIN OF SEBASTIAN 1 1 2 1 1 2 2 2 1 1 2 2 2 REHAB LOAN/GRANTS - CITY OF FELLSMERE 1 1 1 1 1 1 1 1 2 1 REHAB LOAN/GRANTS - CIN OF VERO BEACH 1 1 2 1 1 2 1 1 2 1 1 2 3 1 REHAB & IMPACT FEE LOAN/GRANT- INDIAN RIVER CTY 1 1 1 1 1 1 1 1 REPLACEMENT HOME LOANS - INDIAN RIVER COUNTY 9 4 4 17 5 12 17 11 5 1 17 9 8 17 12 2 REPLACEMENT HOME LOANS - FELLSMERE 1 2 3 1 2 3 1 2 3 3 3 2 REPLACEMENT HOME LOANS - SEBASTIAN 1 1 2 2 2 1 1 2 2 2 2 IMPACT FEE GRANTS - INDIAN RIVER COUNTY 9 16 9 34 5 17 12 34 10 22 2 34 2 31 1 34 12 1 FED/STATE MATCHINGGRANTS - INDIAN RIVER COUNTY 51 72 77 200 42 91 65 2 200 80 117 3 200 80 94 26 2001 2 3 TOTALS 89 152 154 35 430 69 182 135 d4 430 144 266 20 430 159 224 46 1 0 0 430 0 2 0 51 18 0 0 EU, w L A Mod units ,,list match dre total rvnber of unify by Income u egory shown on Fonn 2. Table F (Use additional pages as necessary) AR05-1 CERTIFICATION HHR FY2005 - 09 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 -08 -2009 Witness Chief Electe fficial or Designee Commissioner Wesley �� S . Davis Date BCC Chairman _ Date 09 - 08 -2009 Witness Name and Title OR �y aDate Attest (Sea ` GENERAL INFORMATION Name of Person to call regarding the Annual Report Form : Sasan Rohani AICP Telephone Number : (772) 226 - 1250 F : ACommunity Development\ Users\HHR\ANNUAL REPORMCERTIFICATION2009 . doc