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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown, County Administrator THROUGH: Stan Boling, AICP Community Development Director FROM: Sasan Rohani, AICP Chief, Long -Range Planning DATE: November 16, 2017 SUBJECT: Consideration of the Affordable Housing Advisory Committee (AHAC) 2017 Incentives Review and Recommendation Report It is requested that the following information be given formal consideration by the Board of County Commissioners at its regular meeting on December 5, 2017. DESCRIPTION AND CONDITIONS As part of HB 1375 which was enacted in 2007, the State Legislature revised section 420.9076, F.S. to require that local governments establish a local Affordable Housing Advisory Committee (AHAC). On March 18, 2008, the Indian River County Board of County Commissioners (BCC) approved resolution 2008-038 to establish Indian River County's AHAC. According to state law, the principal responsibility of the AHAC is to submit a report to the local governing body that includes an evaluation of the affordable housing incentives identified in Paragraphs A through K of Section 420.9076 (4), F.S. (see page 2 of this staff report) together with recommendations based on the evaluation. Consistent with the provisions of section 420.9076 F.S., every three years the AHAC must review the local government's established policies and procedures, ordinances, land development regulations, and comprehensive plan and must recommend specific actions or initiatives to encourage or facilitate affordable housing, while protecting property values. As part of that process, the AHAC's review and recommendations are compiled into an incentives review and recommendation report that is presented to the BCC for approval. According to HB 1375, the first AHAC report approved by the Board of County Commissioners was due on or before December 31, 2008. On November 18, 2008, the Affordable Housing Advisory Committee recommended approval of the county's first AHAC Report. That report was then sent to the BCC for consideration on December 9, 2008. After approval by the Board, an electronic version of thereport was sent to the Florida Housing Finance Corporation (FHFC) and was accepted. That submittal occurred in conjunction with the County's transmittal of its Local Housing Assistance Plan (LHAP) to the FHFC for review and approval. The LHAP was subsequently approved by the state. P6 0 F:\Community Development\SHIP\AHAC- Affordable Housing Advisory Committee (AHAQ\AHAC 2017\13CC staff report for 2017 AHAC 1 Report 12-5-20174.doc