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FORM 4 : Program Summary Submittal Date: 9/5/2006 <br /> Section 420 . 9075 <br /> FLORIDA HOUSING FINANCE CORPORATION <br /> SHIP PROGRAM ANNUAL REPORT - STATE FISCAL YEAR 2004-2005 <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 <br /> Regulations 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 <br /> and 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, <br /> Chapter 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 <br /> and 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 I .7) . <br /> - Adopted a policy for inventory of all surplus county owned land (Housing <br /> Element 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 <br /> State Housing Initiatives Partnership (SHIP ) program funds for the provision of <br /> affordable housing (Local Housing Assistance Program , Local Housing <br /> Assistance Plan, 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 />