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MAY 25 mi BOOK 697 The Board of County Commissioners, in compliance with Housing Policy 1.3, created the fifteen (15) member Indian River County Affordable Housing Advisory Committee on March 5, 1991, via Resolution No. 91-29. The Committee was comprised of representatives of the housing industry, financial institutions, Housing Authority and citizens. In its initial meetings, the Affordable Housing Advisory Committee (AHAC) identified Housing Element Policies to be utilized as the basis for investigations concerning the five items identified in Housing Element Policy 1.3. The Committee also determined that it would be appropriate to divide into two subcommittees, Housing Planning and Housing Finance, in order to provide more specialized review of the selected policies. Each subcommittee then conducted preliminary investigations and reviews relating to affordable housing planning or finance matters which were then presented to the full Committee for consideration and recommendation. In completing its investigations, the full Committee met a total of 13 times in a period of 20 months. During this period, the Planning Subcommittee met 9 times, and the Finance Subcommittee met 11 times. The various recommendations of the Committee were then compiled into a Final Report. On April 22, 1993, the full Affordable Housing Advisory Committee voted to adopt and transmit the Committee's Final Report to the Board of County Commissioners for the Board's review and consideration. Because of its size, this Report has been put on file in the Board of County Commissioners Office. ANALYSIS: As presented in the Final Report, the Committee's recommendations take a variety of forms. Generally, the recommendations involve four areas: Development Regulations, Programs, Policies, and Costs. In preparing its recommendations, Committee members considered that the recommendations must strike a balance between improving and encouraging the provision of housing, either affordable or non - affordable, and the necessity to uphold and protect the public health, safety and welfare of the county's residents. During its term, the Affordable Housing Advisory Committee forwarded some of its recommendations for consideration and implementation, rather than holding all items until completion of the Final Report. The recommendations passed on generally involved revisions to the LDRs or proposals to establish specific county programs. Those recommendations which were not previously passed on are included in the Final Report. The Final Report addresses each of the items considered by the Committee, including those recommendations which were passed to other reviewing bodies, and it indicates the status of each recommendation. While some of the Committee's recommendations may not provide a direct and obvious contribution to the provision of affordable housing in Indian River County, the intent is that the recommendations, when considered together, will form a comprehensive base for the county's affordable housing efforts. In the future, new technology or methods may open avenues not yet explored or imagined to provide affordable housing. For those reasons, the Committee's recommendations should be considered only a beginning and not the final answer to Indian River County's affordable housing needs. The Committee, however, believes that implementing the recommendations listed in the Final Report will serve not only as a starting point, but a change which will lead to a better future for Indian River County and its residents. 96