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MAR 7 1984 BQOK cr�CE 3310 Edward Regan, Executive Director of the Housing Authority, reviewed the following memo: TO: Board of County DATE: February 21, 1984 FILE: Commissioners THROUGH: Michael Wright County Administrator SUBJECT: Request for Approval of a Site for the Development of Residential Multifa%ily Housing FROM: Edward J.- ega REFERENCES: Executive Director IRC Housing Authority The Indian River County Housing Authority at its meeting of January 17, 1984, requested a Public Hearing by the Board of County Commissioners for approval of a site for the development of residential multifamily housing for low and moderate -income families. Florida Statute 79-481, House Bill 854, requires that the Housing Authority get the approval of the County Commission, or the governing body which has jurisdiction, for a site of a proposed project. This site approval is independent of zoning and other regulatory approvals. In accord with the statute, notice was published in the Vero Beach Press -Journal on February 20, 1984. Consistent with the requirements, we have notified all owners within 300 feet of the site and posted a notice on the site. The Housing Authority is perfecting its application to the Department of Community Affairs for a loan of funds to acquire 13.08 .acres -in Gifford north of 40th Avenue and south of Lindsey Road (location. map attached). The Housing Authority has optioned a parcel owned by Blanche Childers and Franklin A. Harris for $130,800. The objective is to acquire the land and develop 130 townhouse rental units for low and moderate -income families. The complex, to be hnown as Victory Park, will be owned and managed by the Housing Authority. The cost of the land and the availability of water and sewer make it possible to meet the standards set by the Farmers Home -Administration for their Section 514 Loan and 516 Grant Farm Labor aizd 515 (Mortgage Interest Subsidy) Programs. The conditions do not exist at this time in many other areas of the County. The fund to acquire the land, plan and design a multifamily building site will be made available from the Florida Revolv- ing Land Acquisition and Site Development Trust Fund. (See Victory Park Housing Project Information sheet for additional comments.) We request approval of a site for purchase by the Indian River County Housing Authority to develop residential multifamily housing for low and moderate -income families on the following 13.08 acres in Gifford north of 40th Avenue and south of Lindsey Road in Indian River County, Florida, to wit: 52