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 2007	ACTUAL FY 2008	BUDGETED FY 2009	REQUESTED FY 2010	GOVERNOR'S RECOMMENDED FY 2010	RECOMMENDED INC/(DEC) FY 2010
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	1,442,325	1,442,927	1,665,346	1,665,346	1,684,266	18,920
Other Funds	7,653,659	6,337,621	8,390,067	8,612,867	8,665,347	275,280
Total	$9,095,984	$7,780,548	$10,055,413	$10,278,213	$10,349,613	$294,200
EXPENDITURE DETAIL:
Personal Services	$3,406,285	$3,536,271	$3,998,864	$4,048,664	$4,120,064	$121,200
Operating Expenses	5,689,699	4,244,277	6,056,549	6,229,549	6,229,549	173,000
Total	$9,095,984	$7,780,548	$10,055,413	$10,278,213	$10,349,613	$294,200
Staffing Level FTE:	60.0	63.8	64.0	65.0	65.0	1.0

	ACTUAL FY 2007	ACTUAL FY 2008	ESTIMATED FY 2009	ESTIMATED FY 2010
REVENUES:
Total	$0	$0	$0	$0
PERFORMANCE INDICATORS:
Home Ownership Program Active Loans	15,973	17,022	18,000	19,000
Mortgage Assistance Program Loans	165	8	10	10
Home Improvement Loans	100	152	125	130
HUD Traditional Contract Administration
Units Completed	2,226	2,246	2,176	2,176
Section 8 Asst. Pymts. (Federal Subsidy)	$9,321,493	$9,873,198	$9,800,000	$9,800,000
HUD Performance Based Contract Administration
Units Allocated by HUD	2,480	3,225	3,295	3,295
Section 8 Asst. Pymts. (Federal Subsidy)	$9,332,241	$12,489,584	$12,700,000	$12,700,000
Low Income Housing Tax Credits Allocated	$2,469,000	$2,560,000	$3,000,000	$3,000,000
HUD Contract Administration
Units Allocated by HUD	5,471	5,471	5,471	5,471
Section 8 Asst. Pymts. (Federal Subsidy)	$21,443,457	$22,362,782	$22,500,000	$22,500,000
SDHDA/FmHA Cooperative Rental Program:				0
Units Allocated/(SDHDA Subsidy)	73/$194,724	73/$177,425	73/$275,000	73/$275,000
Emergency Shelter Grant Program--Federal	$296,861	$330,334	$330,000	$330,000
HOME Program: Units/Amount	273/$6,070,569	361/$4,204,236	350/$7,000,000	300/$4,000,000
Services to Aging Residents (STAR)--Tenants Served	972	972	972	972
FLEX Program
Flex Lending Program	$2,292,798	$2,925,484	$3,000,000	$3,000,000
Day Cares	$114,000	$104,000	$228,000	$228,000
Governor's House Program	161	106	150	150
MF Bond Programs - Units Completed	0	0	164	100
HUD Housing Counseling Grant Program
Clients Served	3,300	1,870	3,500	3,500
Homeowner Education Resource Organization
Clients Served	2,844	1,910	2,135	2,135
Other Federal Programs Compliance
Units Allocated	6,385	7,222	7,400	7,500
Neighborhood Redevelopment Funds
Federal Grants	N/A	N/A	$6,000,000	$13,000,000
Refinancing of Subprime Loans
Number of Loans	N/A	N/A	50	50

generated 11/24/08 10:42:22 AM