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FORM 4 : Program Summary Submittal Date : 9/04/2007 <br /> Section 420. 9075 <br /> FLORIDA HOUSING FINANCE CORPORATION <br /> SHIP PROGRAM ANNUAL REPORT - STATE FISCAL YEAR 2006-2007 <br /> Name of Local Entity: Indian River County <br /> 1 . Please provide information on the status of the implementation of the Local Housing <br /> Incentive Plan or Incentive Strategy adopted by the local Affordable Housing Assistance Plan. <br /> A. Incentive Strategy : <br /> - Adopted regulations providing up to a 20% density bonus for affordable housing <br /> development projects (housing element policy 2 . 5 , Land Development Regulations <br /> Section 911 . 14(4)(a)) . <br /> - Adopted regulations allowing for small lot subdivisions with reduced setbacks, lot <br /> size, and lot width requirements (Land Development Regulations, Chapter 911 and <br /> section 971 .41 (9)). <br /> - Adopted regulations allowing for accessory single-family dwelling units in all <br /> agricultural and residential zoning districts (Land Development Regulations, Chapter <br /> 911 and Section 971 .41 (10)). <br /> - Adopted regulations allowing multi-family dwelling units in conjunction with <br /> commercial development, such as apartments over commercial buildings (Land <br /> Development Regulations Section 911 . 10 and Section 971 . 41 (6)) . <br /> - Adopted policies for expedited permit processing (Housing Element policies 1 . 5 and <br /> 1 . 6) . <br /> - Adopted a policy for review of proposed local policies or regulations which may <br /> increase the cost of housing (Housing Element policy 1 . 7) . <br /> - Adopted a policy for inventory of all surplus county owned land (Housing Element <br /> policy 2 . 4) . <br /> - Adopted regulations allowing zero lot line subdivisions (Land Development <br /> Regulations Section 915 . 15) . <br /> - Established Local Housing Assistance Program, allowing the county to utilize State <br /> Housing Initiatives Partnership (SHIP) program funds for the provision of affordable <br /> housing (Local Housing Assistance Program, Local Housing Assistance Plan, <br /> Housing Element policies 2 . 7, 3 . 5 , 4 .4, 4 . 6, 4 . 7, 4. 9 , and 9 . 1 ) <br /> B . Adopting Ordinance or Resolution Number or identify local policy : <br /> Identified as part of Section " A" above <br />