Okaloosa County BOCC — December 1, 2015 — ShipAnnualReport 2008-2009 — reading text

Form SHIP AR/2009 67-37.008(3)(f), F.A.C. Effective Date: 11/2009 Title: SHIP Annual Report Report Status: Approved Okaloosa County/Fort Walton Bch FY 2008/2009 Form 1 SHIP Distribution Summary Homeownership Expended Encumbered Unencumbered Code Strategy Amount Units Amount Units Amount Units 1 Home Ownership $265,859.57 17 Assistance 3 Rehabilitation $894,664.18 31 7 Foreclosure Prevention $15,172.67 4 10 Infill Housing $107,605.80 1 Homeownership Totals: $1,283,302.22 53 Rentals Expended Encumbered Unencumbered Code Strategy Amount Units Amount Units Amount Units 14 Rental Acquisition and $560,000.00 4 Rehabilitation Rental Totals: $560,000.00 4 Subtotals: $1,843,302.22 57 Additional Use of Funds Use Expended Encumbered Unencumbered Administrative $192,512.00 Homeownership Counseling $1,000.00 Admin From Program Income $6,002.00 Admin From Disaster Funds Totals: $2,042,816.22 57 $.00 $.00 Total Revenue (Actual and/or Anticipated) for Local SHIP Trust Fund Source of Funds Amount State Annual Distribution $1,925,120.00 Program Income (Interest) $5,618.74 Program Income (Payments) $114,434.57 Recaptured Funds Disaster Funds Other Funds Page 1  Form SHIP AR/2009 67-37.008(3)(f), F.A.C. Effective Date: 11/2009 Carryover funds from previous year $3,999.63 * Carry Forward to Next Year: $6,356.72 Total: $2,049,172.94 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 Page 2  Form SHIP AR/2009 67-37.008(3)(f), F.A.C. Effective Date: 11/2009 Rental Unit Information Description Eff. 1 Bed 2 Bed 3 Bed 4 Bed The amount of rent charged for a rental unit based on the unit size complies with the Rent Limits я posted on the Florida Housing website Recap of Funding Sources for Units Produced ("Leveraging") Source of Funds Produced Amount of Funds Expended to through June 30th for Units Date % of Total Value SHIP Funds Expended $1,843,302.22 41.84% Public Moneys Expended $108,000.00 2.45% Private Funds Expended $2,451,082.00 55.63% Owner Contribution $3,300.00 .07% Total Value of All Units $4,405,684.22 100.00% SHIP Program Compliance Summary - Home Ownership/Construction/Rehab FL Statute Compliance Category SHIP Funds Trust Funds % of Trust Fund Minimum % Homeownership $1,268,129.55 $1,925,120.00 65.87% 65% Construction / Rehabilitation $1,820,129.55 $1,925,120.00 94.55% 75% Program Compliance - Income Set-Asides Income Category SHIP Funds SHIP Funds SHIP Funds Total of Total Expended Encumbered Unencumbered SHIP Funds Available Funds % * Extremely Low $211,292.27 $211,292.27 10.31% Very Low $932,469.38 $932,469.38 45.50% Low $683,540.57 $683,540.57 33.36% Moderate $16,000.00 $16,000.00 .78% Totals: $1,843,302.22 $.00 $.00 $1,843,302.22 89.95% Project Funding for Expended Funds Only Income Category Total Funds Mortgages, Total Funds SHIP Total SHIP Total # Mortgages, Loans & SHIP Grants Grant Funds Units Loans & DPL's DPL Unit #s Unit #s Expended Extremely Low $211,292.27 9 $211,292.27 9 Very Low $932,469.38 23 $932,469.38 23 Low $683,540.57 23 $683,540.57 23 Moderate $16,000.00 2 $16,000.00 2 Totals: $1,843,302.22 57 $.00 0 $1,843,302.22 57 Form 3 Page 3  Form SHIP AR/2009 67-37.008(3)(f), F.A.C. Effective Date: 11/2009 Number of Households/Units Produced List Unincorporated and Each Strategy Municipality ELI VLI Low Mod Total Home Ownership 0 5 10 2 17 Assistance Rehabilitation 7 14 10 31 Rental Housing 3 1 4 Strategy Foreclosure 2 1 1 4 Prevention Infill Housing 1 1 Totals: 9 23 23 2 57 Characteristics/Age (Head of Household) List Unincorporated and Each Description Municipality 0 - 25 26 - 40 41 - 61 62+ Total Home Ownership 3 7 6 1 17 Assistance Rehabilitation 4 12 15 31 Rental Housing 2 2 4 Strategy Foreclosure 0 1 3 0 4 Prevention Infill Housing 1 1 Totals: 6 14 21 16 57 Family Size List Unincorporated and Each 1 2- 4 5+ Description Municipality Person People People Total Home Ownership 3 13 1 17 Assistance Rehabilitation 10 19 2 31 Rental Housing 0 3 1 4 Strategy Foreclosure 1 3 0 4 Prevention Infill Housing 1 1 Totals: 14 39 4 57 Race (Head of Household) List Unincorporated and Each Hisp- Amer- Description Municipality White Black anic Asian Indian Other Total Home Ownership 11 6 17 Assistance Rehabilitation 20 10 1 31 Page 4  Form SHIP AR/2009 67-37.008(3)(f), F.A.C. Effective Date: 11/2009 Rental Housing 3 1 4 Strategy Foreclosure 4 4 Prevention Infill Housing 1 1 Totals: