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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 /> RECOMMENDATION: <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 ['I] No ❑ <br /> F:\Community Development\SHIP\AHAC-Affordable Housing Advisory Committee(AHAC)\AHAC 2017\AHAC 2017 10 <br /> report.doc <br />