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FORM 4 : Program Summary Submittal Date : 9/09/2008 <br /> Section 420 . 9075 <br /> FLORIDA HOUSING FINANCE CORPORATION <br /> SHIP PROGRAM ANNUAL REPORT - STATE FISCAL YEAR 2007-2008 <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 development <br /> projects (housing element policy 2 . 5 , Land Development Regulations Section 911 . 14 (4)(a)) . <br /> - Adopted regulations allowing for small lot subdivisions with reduced setbacks , lot size , and <br /> lot width requirements (Land Development Regulations , Chapter 911 and section 971 . 41 (9)) . <br /> - Adopted regulations allowing for accessory single-family dwelling units in all agricultural and <br /> residential zoning districts (Land Development Regulations, Chapter 911 and Section 971 . 41 <br /> ( 10 )) . <br /> Adopted regulations allowing multi-family dwelling units in conjunction with commercial <br /> development, such as apartments over commercial buildings (Land Development Regulations <br /> Section 911 . 10 and Section 971 . 41 ( 6 )) . <br /> Adopted policies for expedited permit processing (Housing Element policies 1 . 5 and 1 . 6 ) . <br /> Adopted a policy for review of proposed local policies or regulations which may increase the <br /> _ cost of housing -(Housing Element policy 1 . 7)_ <br /> Adopted a policy for inventory of all surplus county owned land (Housing Element policy <br /> 2 . 4) . <br /> Adopted regulations allowing zero lot line subdivisions ( Land Development Regulations <br /> Section 915 . 15 ) , <br /> Established Local Housing Assistance Program , allowing the county to utilize State Housing <br /> Initiatives Partnership ( SHIP) program funds for the provision of affordable housing (Local <br /> Housing Assistance Program , Local Housing Assistance Plan , Housing Element policies 2 . 7 , <br /> 3 . 57 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 /> C . Implementation Schedule ( Date) : <br /> All incentives were implemented as scheduled <br /> D . Has the plan or strategy been implemented ? If no , describe steps that will be taken to <br /> implement the Plan . <br /> Yes <br />