Fort Walton Beach Council agenda — 10-23-2007 regular agenda — reading text

f"),.-...... 0 i~ It:!N 0- M jj t ~ c-- w ~ ~ 1 0 0 gg~ ID_ OOOOOOOOOOOOOOOOOOOOOOOOOO~ 1i i 11 ~ W i i c-- 0- W M - m 1 i- M :; J S! I u; t kj j t5 ro is s::. j 0- z o U g 11 8' o. t ~ i J E; s::.~ u.. Q) I~ j 0 en og: S i r:~ f ~ M~ 2 " c::0 Ii g o . LL!f) H  Form 4 Program Summary Submittal Date: _ 09/ 07 Florida Statutes: Section 420.9075 Fiscal Year: _ 2004- 2005 FLORIDA HOUSING FINANCE CORPORATION SHIP PROGRAM ANNUAL REPORT Name of LocaJ Entity: _ OKALOOSA COUNTY 1. Please provide infonnation 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' OUR INTERLOCAL STRATEGY HAS BEEN UPDATED FOR THE PAST SEVEN YEARS EVERY OTHER YEAR B. Adopting Ordinance or Resolution Number or identify local policy: RESOLUTION #2007- 30 C. Implementation Schedule ( Date): D Has the plan or strategy been implemented? If no, describe steps that will be taken to implement the Plan. YES E. Status of Strategy - (Is the strategy functioning as intended, ie., are time frames being met, etc.) STRATEGY IS ON SCHEDULE WITH VERY FEW ADJUSTMENTS 2. Attach a concise description of the support services that are available to the residents of affordable housing. CONSUMER CREDIT COUNSELING, SECTION 8 HOUSING, HABITAT FOR HUMANITY, MORTGAGE, LENDER AND PARTNERSHIP COUNSELING Attach such other data or unique affordable housing accomplishments considered significant by your Agency. ( Success Stories, newspaper clippings, etc.) N/ A 4. Describe how the Annual Report was made available for public inspection and conunents. Attach copies of all comments that were received and provide the local governmentls response. lv' · DE AVAILABLE AT THE ANNUAL MEETING TO WHICH THE GENERAL PUBLIC IS INVITED AND A V AlLABLE IN THE OKALOOSA CDC OFFICE FOR REVIEW Mortgage DefauJt or Forec] osure: A. Since State fiscal year 1992- 93, _ 201_ mortgages have been made to very low income househoJds with _ 7_ in default. B. Since State fiscal year 1992- 93, _ 376_ mortgages have been made to low income households with _ 13_ in default. C. Since State fiscal year 1992- 93, _ 0_ mortgages have been made to moderate income households with_ O_ in default. D. Total default rate for all mortgages _ 3%_. 6. Describe how eligible sponsors ( if appJicable) that employed personnel from welfare to work programs. N/ A 7 List strategies and give the average cost of production. DP/ CC $ 1 5, 000, REHABILITATION $35, 000, HOME MATCH $ 15, 000, FORECLOSURE PREVENTION $ 2,000, RENTAL REHABILIT AnON $35, 000 8. Counties and eligible municipalities utilizing SHIP program funds must provide a list of recipients by strategy including names, addresses and zip codes for each fiscal year reporting to Florida Housing Finance Corporation. NOTE: This is for each FY' s EXPENDED FUNDS. SEE SHIP TRACKING REPORT A TT ACHED SHIP ARl02- 1