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The FHFA's comments were as followsa <br />• For the expedited permit processing for affordable <br />housing projects, the county must identify an event (i.e. <br />number of applications, length of time, etc.) which would <br />trigger implementing an expedited permitting process. <br />Also, the county must describe how affordable housing <br />projects would be given priority. <br />• For the financial impact statement associated with <br />adoption of new regulations, the county must describe who <br />will prepare the financial impact statements and who will <br />review them. <br />In response to the Florida Housing Finance Agency's comments, staff <br />has drafted changes to the county's Affordable Housing Incentive <br />Plan. The. actual changes to the plan are shown in the attachments <br />to the staff report. The new sections are underlined, while the <br />sections to be deleted are <br />As drafted, the proposed changes to the county Affordable Housing <br />Incentive Plan are minor. These changes essentially expand upon <br />and further describe the recommendations which were included in <br />the original plan. As such, the proposed amendments will not <br />change the basic recommendations incorporated in the county's <br />Affordable Housing Incentive Plan. For the expedited permit <br />processing section of the plan, the proposed changes will identify <br />the county's existing maximum timeframes for approval of projects <br />and indicate that any future processing delays causing those <br />timeframes to be more than 1508 of normal timeframes will trigger <br />prioritization of affordable housing projects. For the financial <br />impact statement section of the plan, the proposed change specifies <br />that the•financial impact statement will be prepared by the <br />-- planning staff and will be reviewed by the Professional Services <br />Advisory Committee, the Planning and Zoning Commission, and the <br />Board of County Commissioners. This amendment also indicates that <br />the Board of County Commissioners will consider the financial <br />impact statement in making its final decision regarding adoption of <br />changes to county regulations. <br />With respect to the revised Affordable Housing Incentive Plan, the <br />Board of.County Commissioners has three alternatives. These are: <br />o To adopt the plan as revised <br />o To adopt the revised plan with changes <br />O To reject the revised plan. <br />Either of the first two alternatives is acceptable. Choosing the <br />third alternative, however, would cause the county to lose its SHIP <br />funds. Staff supports the first alternative. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners adopt the <br />attached resolution approving the county's revised Affordable <br />Housing Incentive Plan and direct staff to forward the plan to the <br />Florida Housing Finance Agency for their review. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Macht, the Board unanimously (4- <br />0, Commissioner Eggert absent) adopted <br />Resolution No. 94-162 approving the revised <br />Indian River County Affordable Housing <br />Incentive Plan and directed staff to forward <br />the Plan to the Florida Housing Finance Agency <br />for their review. <br />35 <br />December 13, 1994 BOOK U3 wa "J <br />