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 2005	ACTUAL FY 2006	BUDGETED FY 2007	REQUESTED FY 2008	GOVERNOR'S RECOMMENDED FY 2008	RECOMMENDED INC/(DEC) FY 2008
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	1,123,550	1,800,102	1,737,758	1,737,758	1,771,461	33,703
Other Funds	7,204,625	6,455,360	8,472,863	7,972,863	8,065,037	(407,826)
Total	$8,328,175	$8,255,462	$10,210,621	$9,710,621	$9,836,498	($374,123)
EXPENDITURE DETAIL:
Personal Services	$2,951,421	$3,316,120	$3,745,032	$3,745,032	$3,870,909	$125,877
Operating Expenses	5,376,754	4,939,342	6,465,589	5,965,589	5,965,589	(500,000)
Total	$8,328,175	$8,255,462	$10,210,621	$9,710,621	$9,836,498	($374,123)
Staffing Level FTE:	59.1	61.9	64.0	64.0	64.0	0.0

	ACTUAL FY 2005	ACTUAL FY 2006	ESTIMATED FY 2007	ESTIMATED FY 2008
REVENUES:
Total	$0	$0	$0	$0
PERFORMANCE INDICATORS:
Home Ownership Program Active Loans	14,654	15,031	15,500	16,000
Mortgage Assistance Program Loans	586	301	200	0
Home Improvement Loans	74	82	90	100
Multifamily Housing Program:
Units Completed	2,226	2,226	2,226	2,226
Section 8 Asst. Pymts. (Federal Subsidy)	$9,873,030	$9,813,744	$10,000,000	$10,000,000
HUD Contract Administration:
Units Allocated by HUD	2,573	2,545	2,480	2,480
Section 8 Asst. Pymts. (Federal Subsidy)	$9,608,581	$9,449,153	$9,320,000	$9,320,000
Low Income Housing Tax Credits Alloc.	$4,029,414	$2,100,000	$2,250,000	$2,400,000
FmHA/NOFA Housing Program:
Units Allocated by HUD/Leased	767/767	765/765	765/765	765/765
Section 8 Asst. Pymts. (Federal Subsidy)	$2,666,079	$2,752,918	$2,800,000	$2,800,000
SDHDA/FmHA Cooperative Rental Program:
Units Allocated/(SDHDA Subsidy)	73/$228,627	73/$274,554	73/$275,000	73/$275,000
HUD Risk Sharing - Units Completed	0	0	0	100
Emergency Shelter Grant Program--Federal	$324,876	$330,415	$330,000	$330,000
HOME Program: Units/Amount	465/$10,027,586	273/$5,672,529	275/$6,000,000	300/$6,500,000
Services to Aging Residents(STAR)--Tenants Served	972	972	972	972
FLEX Program
Flex Lending Program	$2,795,529	$2,741,596	$4,000,000	$4,000,000
Day Cares	$66,500	$114,000	$228,000	$228,000
HUD Restructuring Projects	3	1	3	3
Governor's House Program	180	142	150	150
MF Bond Programs - Units Completed	100	0	200	200
HUD Housing Counseling Grant Program
Clients Served	5,243	3,700	4,500	5,000
Homeowner Education Resource Organization
Clients Served	1,785	2,047	2,500	3,000
Other Federal Programs Compliance
Units Allocated	6,259	6,342	6,500	6,800

generated 12/05/06 10:48:03 AM