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Housing Assistance Program. <br />15. Unit Affordable Classification Timeframe: The period of <br />time that an eligible housing unit assisted through the <br />Indian River County Local Housing Authority Program must <br />be available for, and occupied by, an eligible person. <br />16. Very Low Income Household: A household with total annual <br />gross income up to 500 of the county's median income. <br />III. THE INDIAN RIVER COUNTY LOCAL HOUSING ASSISTANCE PROGRAM <br />(IRCLHAProgram) <br />The Indian River County Local Housing Assistance Program <br />(IRCLHAProgram) is the mechanism to, be utilized by Indian <br />River County to provide assistance and incentives,to encourage <br />the provision of affordable housing for residents of the <br />county. The IRCLHAProgram shall utilize various strategies to <br />make funds held in the Indian River County Local Housing <br />Assistance Trust Fund (IRCLHATF) available to eligible persons <br />or eligible sponsors for the provision of affordable housing <br />for eligible persons. By providing such assistance through <br />the various strategies, the IRCLHAProgram shall serve to <br />reduce the cost of housing for eligible recipients. <br />The IRCLHAProgram will be implemented, administered and <br />operated by the Indian River County Community Development <br />Department. The requirements and guidelines for the <br />IRCLHAProgram and its available strategies are as follows: <br />A. General Program Requirements <br />The Indian River County Local Housing Assistance Program <br />(IRCLHAProgram) shall be operated in conformance with the <br />requirements of the State Housing Initiatives Partnership Act, <br />Section 420.907, Florida Statutes, and the State Housing <br />Initiatives Partnership Program, Rule 67-37 of the Florida <br />Administrative Code.. General operation and implementation of <br />the program shall comply with the following specific criteria: <br />1. Advertisement and Notice of Fund Availability <br />Formal public notice of the availability of funds for the <br />provision of affordable housing via the IRCLHAProgram shall be <br />made in the following manner: <br />a. At the beginning of the State Fiscal Year: <br />i. The availability of SHIP funds will be <br />advertised in a publication of general <br />circulation at least 30 days prior to <br />accepting applications. A Public Notice <br />9 <br />