Laserfiche WebLink
5. Multiple use centers may be permitted on property <br />with the following land use designations on the <br />future land use map: All Commercial and Industrial <br />Nodes and Corridors. Parcels with more than one <br />land use designation may be developed in accordance <br />with the overall land use designation and <br />corresponding acreage. <br />(3) Density <br />(a) The maximum density of residential communities shall be <br />established by the density of the underlying land use <br />designation. <br />(b) Residential communities within commercial or industrial <br />land uses shall have a maximum density of 8 dwelling <br />units per acre. <br />(c) No residential community shall exceed the maximum <br />permitted density as stated in (a) or (b) above unless <br />a density bonus meeting the provisions of section <br />911.14(4) is approved as part of planned development. <br />(4) Density Bonus <br />(a) Affordable Housing <br />Residential developments may receive a density bonus not <br />to exceed 20% of the density permitted by the applicable <br />land use designation for the provision of affordable <br />housing units. <br />An affordable dwelling unit shall be a dwelling unit <br />which: <br />a. has a market value less than two (2) times (80% of <br />the median annual household income of Indian River <br />County) or <br />b. has a monthly rent less than 1/12 x 25% of (80% of <br />the median annual household income of Indian River <br />County). <br />c. the affordable housing density bonus shall be <br />determined as follows: <br />% of total units affordable Bonus <br />20-30% 10% <br />31-50% 15% <br />51%+ 20% <br />(b) Environmental Protection <br />Residential developments may receive a density bonus of <br />up to 20% of the number of units allowed by the <br />216 <br />