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 2003	ACTUAL FY 2004	BUDGETED FY 2005	REQUESTED FY 2006	GOVERNOR'S RECOMMENDED FY 2006	RECOMMENDED INC/(DEC) FY 2006
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	1,350,119	1,502,646	1,872,996	1,681,003	1,681,003	(191,993)
Other Funds	6,553,955	6,819,790	7,829,195	8,317,027	8,317,027	487,832
Total	$7,904,074	$8,322,436	$9,702,191	$9,998,030	$9,998,030	$295,839
EXPENDITURE DETAIL:
Personal Services	$2,835,503	$2,904,216	$3,408,513	$3,532,441	$3,532,441	$123,928
Operating Expenses	5,068,571	5,418,220	6,293,678	6,465,589	6,465,589	171,911
Total	$7,904,074	$8,322,436	$9,702,191	$9,998,030	$9,998,030	$295,839
Staffing Level FTE:	59.5	57.7	63.0	64.0	64.0	1.0

	ACTUAL FY 2003	ACTUAL FY 2004	ESTIMATED FY 2005	ESTIMATED FY 2006
REVENUES:
Total	$0	$0	$0	$0
PERFORMANCE INDICATORS:
Home Ownership Program Active Loans	16,409	15,054	16,000	17,000
Mortgage Assistance Program Loans	720	735	750	800
Home Improvement Loans	149	205	250	250
Multifamily Housing Program:
Units Completed	2,226	2,226	2,226	2,226
Section 8 Asst. Pymts. (Federal Subsidy)	$9,967,015	$9,956,655	$10,075,000	$10,000,000
HUD Contract Administration:
Units Allocated by HUD	2,645	2,537	2,537	2,537
Section 8 Asst. Pymts. (Federal Subsidy)	$8,500,414	$9,217,986	$9,220,000	$9,250,000
Low Income Housing Tax Credits Alloc.	$1,771,511	$1,878,736	$2,500,000	$2,500,000
FmHA/NOFA Housing Program:
Units Allocated by HUD/Leased	770/770	770/770	770/770	770/770
Section 8 Asst. Pymts. (Federal Subsidy)	$2,557,162	$2,597,948	$2,600,000	$2,600,000
SDHDA/FmHA Cooperative Rental Program:
Units Allocated/(SDHDA Subsidy)	73/$222,932	73/$191,302	73/$210,000	73/$210,000
HUD Risk Sharing - Units Completed	0	0	200	200
Emergency Shelter Grant Program--Federal	$361,879	$341,427	$345,000	$345,000
HOME Program: Units/Amount	180/$4,725,432	169/$4,858,891	200/$4,000,000	200/$4,000,000
Services to Aging Residents(STAR)--Tenants Served	972	972	972	972
FLEX/Rural Site Development:
Rural Site Development Loans	0	0	$250,000	0
Day Cares	$399,500	$201,250	$250,000	$250,000
HUD Reengineering Projects	5	1	3	3
Governor's House Program	178	171	175	175
MF Bond Programs - Units Completed	100	0	100	120

generated 12/06/04 03:45:56 PM