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