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The County's Affordable Housing Density Bonus Provisions are Codified in Section <br />911.14(4) of the LDRs (See Attachment 1). <br />Another option to increase affordable housing project yields is the county's small lot <br />subdivision allowance. Although the county's small lot subdivision regulations, section <br />971.41(9) of the county's land development regulations, do not have an allowance for <br />density bonuses, the smaller lot configuration allows for more lots to be created. While a <br />standard RS -6 parcel (single family residential up to 6 units per acre) has a minimum lot <br />size of 7,000 square feet, the small lot subdivision regulation allows for lot sizes to be <br />reduced to 5,000 square feet. While standard RS -6 zoning typically yields about 2.5 to 3 <br />units per acre, a small lot subdivision can yield up to 5 units per acre. <br />The county's Small Lot Subdivision for Affordable Housing Projects are Codified in <br />Section 971.41(9) of the LDRs (See Attachment 2). <br />ANALYSIS: <br />The allowance of an up to 20% density bonus for affordable housing projects and the <br />county's small lot subdivision provision provide for the development of affordable <br />housing projects with higher densities and/or higher yields. Those provisions are <br />appropriate tools for providing density increases for affordable housing projects. General <br />density increases, however, are not acceptable in Indian River County and may not result <br />in less expensive homes. <br />RECOMENDATION: <br />The county should maintain its affordable housing density bonus and small lot <br />subdivision provisions for affordable housing projects. <br />BOARD OF COUNTY COMMISSIONERS ACTION: <br />Board of County Commissioners Approval of the AHAC Recommendation <br />Yes hi] No ID <br />F:\Community Development\SHIP\AHAC\AHAC 2014\AHAC 2014 report.doc <br />10 <br />55 <br />