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Comprehensive Plan Housing Element Density Bonus The county provides affordable housing density bonuses for planned affordable housing development projects, allowing eligible affordable housing projects to receive up to a 20% density bonus (see housing element policy 2.3). Small Lot Subdivisions Section 971.41(9) of the LDRs provides regulations for small lot affordable housing subdivision projects. Through reduced lot sizes and reduced setbacks, small lot subdivision projects have higher unit yields per acre, and consequently lower costs per unit, than standard subdivisions. In a regular RS -6, zoning district, for example, average yields will be about 2.5 units per acre. In a small lot subdivision in the same zoning district, the yield can be up to 5 units per acre. To ensure the long- term affordability of units in small lot subdivisions, all sale and rent prices for units in small lot subdivisions are restricted for 10 years. Accessory single-family dwelling units Section 971.41(10) of the LDRs provides regulations for accessory single family dwelling units. On residentially zoned lots, the construction of an accessory dwelling unit is allowed subject to the provisions of section 971.41(10). The standards and requirements of this section are intended to make inexpensive dwelling units available to meet the needs of older households and single member households. Multi -Family Dwelling Units in Conjunction with Commercial Development Section 911.10 of the LDRs allows for the development of multi -family dwelling units in conjunction with commercial development projects. Generally constructed as second and third floor apartments over a first floor, street frontage commercial space, these units can have a reasonable rent since the price of land is included with the commercial development. Housing Cost Impact Review Process As part of the adoption process for any county regulation which could affect housing costs, county planning staff prepares a Financial Impact Statement to assess the anticipated impact of the proposed regulation on the cost of housing (see housing element policy 1.7). This allows for decisionmakers to assess whether a proposed regulation's advantages outweigh its housing cost impacts. Surplus County Owned Land Inventory The county's general services department maintains an inventory of all surplus county -owned land, including county owned foreclosed properties that could be used for affordable housing. Whenever the county proposes to surplus these properties (see housing policy 2.4), the county notifies for- profit and non-profit affordable housing developers of the availability of the properties. 11 Community Development Department Indian River County