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02/01/2007 (2)
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02/01/2007 (2)
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Last modified
4/25/2017 2:44:29 PM
Creation date
10/1/2015 6:11:54 PM
Metadata
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Meetings
Meeting Type
Workshop - Affordable Housing
Document Type
Minutes
Meeting Date
02/01/2007
Meeting Body
Board of County Commissioners
Archived Roll/Disk#
3128
Book and Page
132, 167-177
Subject
Affordable Workforce Housing
Supplemental fields
SmeadsoftID
3061
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employers are not, and it is a recruitment and retainage tool. He restated some employees have to <br />stay at least 5 years to receive those incentives. It is similar to Community Land Trusts except <br />when they sell the house they payback the amount borrowed plus 50% of the appreciation, and the <br />employer feels that is enough to help the next employee buy a house. <br />5.D. LINKAGE FEES <br />Gladys Schneider defined linkage fees as a type of impact or mitigation fee based on the <br />premise that the development demands additional employees who will need affordable housing. <br />To provide a better understanding to the Board she described the process that Collier County (a <br />County similar to Indian River) went through to do the linkage study. In summary, the Board <br />would need to establish these types of findings: impacts and fees, a Trust Fund, administrative <br />requirements, affordable projects, and an alternative fee calculation, if no nexus -use of land <br />resource can be shown. <br />5.E. PRIVATE/PUBLIC HOUSING TRUST FUNDS <br />5.F. OTHER STRATEGIES <br />6. REGIONAL PERSPECTIVE ON AFFORDABLE/WORKFORCE <br />HOUSING <br />Greg Vaday, Vero Beach and Treasure Coast Planning Council, used a PowerPoint <br />presentation (copy on file) to talk about workforce housing, and providing solutions from a <br />regional perspective. He stated that the problem as existing when wages are not moving inline <br />with housing prices. He explained the cycle of housing connection to the economy stating that a <br />tight workforce housing market hurts the economy. He talked about some policy implications that <br />February 1, 2007 <br />Affordable/Workforce Housing <br />Public Workshop <br />4 <br />
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