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percent of the county's median household income <br />adjusted for household size. <br />d. With respect to owner -occupied affordable dwelling <br />units provided under the provisions of the section: <br />i. The owner -occupant's household annual adjusted <br />gross median income may increase without limit <br />following the househdld's purchase of the <br />affordable dwelling unit; and <br />ii. Resale of an affordable dwelling unit by the <br />initial owner or any subsequent owner shall be <br />subject to one of the following provisions: <br />a. If the purchasing household is not <br />verified to be either a very low, or low <br />income household, then the selling <br />household shall be subject to providing a <br />cash payment of the original loan amount <br />and applicable interest, to the Indian <br />River County Local Housing Assistance <br />Trust Fund. <br />b. If the purchasing household is verified <br />to be either a very low, or low income <br />household, then the selling household �^ <br />shall not be required to provide any <br />payment. <br />e. For projects utilizing the provision of on- <br />site or off-site affordable dwelling units, no <br />certificate for occupancy for a. market rate <br />priced dwelling unit shall be issued unless <br />the ratio of market rate dwelling units <br />certified for occupancy to affordable dwelling <br />units certified for occupancy is equal to or <br />greater than the overall project's approved <br />ratio of market rate dwelling units to <br />affordable dwelling units. <br />f. Prior to the issuance of a certificate of <br />occupancy for the affordable dwelling unit(s), <br />a separate private deed covenant, entitled a <br />"restriction on transfer", shall be filed in <br />the public records of Indian River County. <br />The covenant shall be subject to review and <br />approval by county staff in order to verify <br />compliance with the requirements of this <br />section, and the covenant shall: <br />54 <br />