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4. WELCOME AND INTRODUCTIONS <br />Vice Chair Bowden introduced Bill Odel from the Schimberg Center. <br />5. PRESENTATION AND DISCUSSIONS OF NEW INNOVATIVE <br />HOUSING STRATEGIES <br />Community Development Director Bob Keating announce that there have been other <br />affordable housing workshops in the past, one in 1997 and another in 2001. He also announced <br />that he would not be a presenter at today's Workshop but he had knowledgeable people who would <br />bring great resources, not only to identify affordable housing issues, but also some identify <br />strategies for solving those problems. He introduced the speakers who were from the Florida <br />Housing Coalition and the Schimberg Center for Affordable Housing. <br />5.A. COMMUNITY LAND TRUSTS <br />Bill Odel, from the Schimberg Center for Affordable Housing, gave a brief overview of <br />what the Center produced in the way of affordable housing needs assessments. He used a <br />PowerPoint Presentation (copy on file) to define affordable housing and "cost burden", and to <br />examine affordable housing needs estimates and projections for the region. He briefly looked at <br />the impact of special population groups, identified assisted supply and discussed preservation. He <br />displayed a graph showing how the rising prices have reduced the availability of affordable <br />housing from the year 2000 through 2005. In the rental market, he reported that for a household to <br />afford a two-bedroom apartment at a Fair Market Rent (FMR) of $706.00 per month; they would <br />have to earn a housing wage of $13.58 per hour. <br />(Clerk's Note: Chairman Wheeler joined the meeting at 1:13 p.m.) <br />Stan Fitterman, of the Florida Housing Coalition, continued the PowerPoint presentation <br />defining the Community Land Trust Appraisal Methodology (copy on file), pointing out the issues <br />February 1, 2007 <br />Affordable/Workforce Housing <br />Public Workshop <br />2 <br />