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Miami-Dade Florida Form 1065 - Schedule D-1: What You Should Know

The total amount distributed was 7.95 billion for the 1992 fiscal year (which ended June 30, 1993). In fiscal year 1993 the Partnership distributed 8.20 billion, an increase of 1.04 billion. To calculate the disbursements for 1993 the Partnership divided 8.30 billion by two and added 31.05 (total) for the disbursements to homeowners. To calculate the disbursements for 1994, partnership division divided 7.50 billion by the one-year period for which the financial information is available (Jan. 1, 1992 to Aug. 31, 1993), 3.20 billion times year, or 22.10 billion. The Partnership provided 7.86 billion in assistance for 1994. Since its creation in 1992, the partnership has provided 38.00 billion in housing assistance to Florida homeowners. The Partnership is a federal/state partnership that serves as a conduit by providing federal housing assistance. It is a private, non-profit corporation whose federal tax-exempt status (Exceptions and Special Rules of the Code) is due to section 501(c) (3) of the Internal Revenue Code. The Partnership has as its goal to make housing more affordable for low/ moderate income families. The Partnership distributes most of the funding through the homeowners' mortgage insurance trust funds. The Partnership distributes 1.50 for each unit sold. The Partnership distributes 1.80 for each unit sold with a lower interest rate. The Partnership also delivers a subsidy of up to 15% of home equity for certain owner-occupied units, which have been owned for at least 2 years at or below market value. As of June 30, 2013, the Partnership had distributed over 28.6 billion in home equity assistance. As part of the partnership agreement with the United States' Department of Housing and Urban Development (HUD), the Partnership is required to use the information obtained through this table as the basis for calculating the amount of the funding received from HUD. This table is a summary of the amount and distribution of its funding to homeowners in Florida. It may not constitute the complete amount or distribution of Partnership funding to homeowners in Florida. The information may not be updated or revised. The table may also not be reproduced in whole or in part in any manner.

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