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 175 quality homes each year to provide an affordable housing alternative.

	ACTUAL FY 2004	ACTUAL FY 2005	BUDGETED FY 2006	REQUESTED FY 2007	GOVERNOR'S RECOMMENDED FY 2007	RECOMMENDED INC/(DEC) FY 2007
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	1,193,575	1,123,550	1,705,561	1,705,561	1,737,758	32,197
Other Funds	7,128,861	7,204,625	8,384,060	8,384,060	8,472,863	88,803
Total	$8,322,436	$8,328,175	$10,089,621	$10,089,621	$10,210,621	$121,000
EXPENDITURE DETAIL:
Personal Services	$2,823,781	$2,951,421	$3,624,032	$3,624,032	$3,745,032	$121,000
Operating Expenses	5,498,655	5,376,754	6,465,589	6,465,589	6,465,589	0
Total	$8,322,436	$8,328,175	$10,089,621	$10,089,621	$10,210,621	$121,000
Staffing Level FTE:	59.5	59.1	64.0	64.0	64.0	0.0

	ACTUAL FY 2004	ACTUAL FY 2005	ESTIMATED FY 2006	ESTIMATED FY 2007
REVENUES:
Total	$0	$0	$0	$0
PERFORMANCE INDICATORS:
Home Ownership Program Active Loans	15,054	14,654	15,000	15,250
Mortgage Assistance Program Loans	735	586	590	600
Home Improvement Loans	205	74	80	80
Multifamily Housing Program:
Units Completed	2,226	2,226	2,226	2,226
Section 8 Asst. Pymts. (Federal Subsidy)	$9,956,655	$9,873,030	$10,000,000	$10,000,000
HUD Contract Administration:
Units Allocated by HUD	2,537	2,573	2,545	2,545
Section 8 Asst. Pymts. (Federal Subsidy)	$9,217,986	$9,608,581	$9,500,000	$9,500,000
Low Income Housing Tax Credits Alloc.	$1,878,736	$4,029,414	$2,100,000	$2,200,000
FmHA/NOFA Housing Program:
Units Allocated by HUD/Leased	770/770	767/767	765/765	765/765
Section 8 Asst. Pymts. (Federal Subsidy)	$2,597,948	$2,666,079	$2,600,000	$2,600,000
SDHDA/FmHA Cooperative Rental Program:
Units Allocated/(SDHDA Subsidy)	73/$191,302	73/$228,627	73/$220,000	73/$225,000
HUD Risk Sharing - Units Completed	0	0	200	200
Emergency Shelter Grant Program--Federal	$341,427	$324,876	$324,000	$330,000
HOME Program: Units/Amount	169/$4,858,891	465/$10,027,586	200/$5,000,000	240/$6,000,000
Services to Aging Residents(STAR)--Tenants Served	972	972	972	1,002
FLEX Program
Flex Lending Program	0	$2,795,529	$5,000,000	$5,000,000
Day Cares	$201,250	$66,500	$228,000	$228,000
HUD Restructuring Projects	1	3	2	3
Governor's House Program	171	180	175	175
MF Bond Programs - Units Completed	0	100	255	200
HUD Housing Counseling Grant Program
Clients Served		5,243	5,500	5,500
Homeowner Education Resource Organization
Clients Served		1,785	3,253	3,500
Other Federal Programs Compliance
Units Allocated	5,158	6,259	7,309	8,300

generated 11/29/05 12:41:07 PM