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Review of County_Affordable Housing .Programs — lnforinatonaf, No Action Required <br />'Mr. ,Sawn .Rohani, Chief, Long -Range Planning, and SHIP administrator, summarized_ h'is <br />memorandum dated October 27, 2017, with Attachment 1, providing brief update on the <br />affordable housing programs, including State Housing initiatives Partnership Program (SHIP), <br />Hurricane Housing Recovery Program (HHR), Hurrican Wilma C'DBG Program, HOME <br />'Program; and Neighborhood Stabilization Program: kcopy of the memorandum. with :attachment <br />is on file in the Commission Office. <br />There were questions regarding concerns with the terms of the purchase assistahce loan <br />iri .SHIP program, specifically the'timefrar-nes and interestrrote. :Some members expressed they <br />thought it was too restrictive, especially 30 years for thePurchaseassistance, ,and would hold <br />people back from -moving, and the -3% annual simpWinterest could be excessive for'those who <br />move within 30 years. Mr. Rohani explained the rationdje.be'hind the tirneframes arad :interest. <br />rate; which he explained were not rnandato•fram the stite�but imposed by IRC in order to <br />make sure that assisted units stay affordable. <br />Review of the AHAC 2094 Incentives R vie & Recommendat e.R (!Public Hearing) <br />Action Required I <br />Mr. Rohani asked tveryon'Ojb�`efetto the�p ;which was distributed to AHAC members <br />via email prior to the meeting and is:omfi e`en the Commission office. He then summarized 'his <br />fnemoraridum— 'dated October 26, 20:17, with, afitached 2017 AHAC Report, •providing overview <br />-and analysis regarding; recommendations .on ~:af�ortlable�l �jus'ing incentives in the following <br />areas: f .� <br />A. The processing ofr approvals' �Of ' develbpment orders or permits, ;as defined "in <br />Section 113` 3164.(X.)r;and (8), 10,,afford6ble housing projects is expedited to ;a <br />g titer_degrei?�'tlian o'ih�"erprojecl.'s. <br />?At #his point, Ms.:.=Louise4Hubbard questioned the :dates within the documents because <br />they hadn't been 'up`Oated since the previous review. She went on to question whether <br />this could be a publid,hearing-ksince :she had not received the document until just at this. <br />time Mt:. Rohani assured her that those on the email list had received the report 10,6YS <br />prior. Ails Hubbard expressed: Ther dissatisfaction with the timeframe dedicated to the <br />review of thesdlimportAnifissues. <br />B. The modificatI6 of impact fee requirements, including reduction or waiver of fees <br />and alternative methods of fee payment for affordable housing, <br />Ms. 'Hubbard commented regarding the lack of definition provided for the "size of an <br />affordable housing developer" .as well as a definition of "affordable housing". Mr. Rohani <br />defined affordable housing by'stating no one should pay -more than 30% of their'income <br />for housing costs: Ms. Hubbard said it was up to 40% now,but Mr. Rohani said1RC still <br />considered it 30%, but could be up to 35%, with the .end goal being the home would not <br />go into foreclosure. <br />C. 'The allowance of `flexibility in densities for affordable. housing. <br />3 <br />AHAC Unapproved Nov 15,'2017 P116 <br />AMCHMENT 3 <br />