TOURISM AND STATE DEVELOPMENT
GOVERNOR'S RECOMMENDED FY 2005 BUDGET
0450 SD Housing Development Authority - Info

MISSION:
To provide a fully adequate supply of sanitary, decent, and safe accommodations at rental or carrying charges that such persons can afford; to encourage the investment of private capital; to stimulate the construction and rehabilitation of residential housing; to sell bonds to provide low interest mortgages; and, to produce and sell 150 quality, affordable homes each year to provide an elderly housing alternative.

  ACTUAL
FY 2002
ACTUAL
FY 2003
BUDGETED
FY 2004
REQUESTED
FY 2005
GOVERNOR'S RECOMMENDED
FY 2005
RECOMMENDED INC/(DEC)
FY 2005
FUNDING SOURCE:
   General Funds $0 $0 $0 $0 $0 $0
   Federal Funds 1,206,337 1,350,119 1,798,149 1,835,505 1,835,505 37,356
   Other Funds 6,380,690 6,553,955 7,563,481 7,758,805 7,758,805 195,324
      Total $7,587,027 $7,904,074 $9,361,630 $9,594,310 $9,594,310 $232,680
 
EXPENDITURE DETAIL:
   Personal Services $2,752,794 $2,835,503 $3,257,357 $3,300,632 $3,300,632 $43,275
   Operating Expenses 4,834,233 5,068,571 6,104,273 6,293,678 6,293,678 189,405
      Total $7,587,027 $7,904,074 $9,361,630 $9,594,310 $9,594,310 $232,680
 
Staffing Level FTE: 60.4 59.5 63.0 63.0 63.0 0.0

  ACTUAL
FY 2002

ACTUAL
FY 2003

ESTIMATED
FY 2004

ESTIMATED
FY 2005

REVENUES:  
      
Total

$0

$0

$0

$0
PERFORMANCE INDICATORS:  
   Home Ownership Program Active Loans 18,443 16,409 16,750 17,500
   Mortgage Assistance Program Loans 916 720 700 750
   Home Improvement Loans 271 149 275 250
   Multifamily Housing Program:
   Units Completed 2,316 2,226 2,226 2,226
   Section 8 Asst. Pymts. (Federal Subsidy) $9,998,156 $9,967,015 $9,995,000 $10,075,000
   HUD Contract Administration:
   Units Allocated by HUD 2,645 2,645 2,561 2,561
   Section 8 Asst. Pymts. (Federal Subsidy) $6,854,165 $8,500,414 $8,800,000 $8,800,000
   Low Income Housing Tax Credits Alloc. $1,079,639 $1,771,511 $3,337,185 $2,091,000
   Section 8 Moderate Rehabilitation Program:
   Units Allocated by HUD/Completed 16/16 0/0 0/0 0/0
   Section 8 Asst. Pymts. (Federal Subsidy) $51,543 $0 $0 $0
   FmHA/NOFA Housing Program:
   Units Allocated by HUD/Leased 773/773 770/770 770/770 770/770
   Section 8 Asst. Pymts. (Federal Subsidy) $2,514,329 $2,557,162 $2,800,000 $2,800,000
   SDHDA/FmHA Cooperative Rental Program:
   Units Allocated/(SDHDA Subsidy) 73/$203,852 73/$222,932 73/$210,000 73/$210,000
   HUD Risk Sharing - Units Completed 60 0 200 200
   Emergency Shelter Grant Program--Federal $397,764 $361,879 $345,000 $345,000
   HOME Program: Units/Amount 342/$4,242,894 180/$4,725,432 300/$4,000,000 300/$4,000,000
   Services to Aging Residents(STAR)--Tenants Served 1,022 972 972 972
   FLEX/Rural Site Development:
   Rural Site Development Loans $0 $0 $250,000 $250,000
   Day Cares $166,500 $399,500 $250,000 $250,000
   HUD Reengineering Projects 0 5 5 0
   Governor's House Program 190 178 200 200
   HOME Program 0 5 5 6

generated 12/01/03 10:16:12 AM