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Purpose of the Meeting and Review of IRC Affordable Housing Data, Programs, and Regulations (1:13 PM) Mr. Rohani presnted a series of slides on the current status of affordable housing in IRC, including the widely -accepted definition of affordable housing. (See Attachment 1 for Mr. Rohani's presentation.) Mr. Rohani reviewed the "Out of Reach" 2018 report for Florida and IRC, and discussed the components of affordable housing (size, location, land cost, cost of construction materials, zoning regulations, fees, and developers) and other relevant housing data. (1:35 PM) Commissioner Zorc followed by presenting data'on actual wages, detached home sales, and rental costs in IRC. (See Attachment 2 for Commissioner Zorc's presentation.) He stated that IRC is hoping to get significantly more State Housing Initiative Partnership (SHIP) funds from Tallahassee in the coming years than it had previously, and remarked that large chunks of contiguous acreage were needed for affordable housing developments. (1:54 PM) Mr. Rohani resumed his presentation with a review of IRC's affordable housing programs (see slide 27 of Attachment 1). During his.session, Councilwoman Moss asked for further details about how much money IRC contributed to SHIP and how much was returned from the State to the County; Commissioner Zorc specified that IRC sent about $1.8M to Tallahassee last year and received about $345,000 back through the State SHIP program. Mr. Rohani then finished his report by recounting IRC's regulations and policies supporting affordable housing. Mr. Slater then stated that the Committee really needed an estimate of how much affordable housing is still required in IRC, a specific measuring stick of "where we need to go." Reports by City Representatives -- Policies and Initiatives in Support of Affordable Housing (2:15 PM) Councilwoman Moss of Vero Beach stated the need for distinct action items in order to make forward progress. She divulged that the COVB recently completed a revision of its comprehensive planning policy document and proceeded to enumerate points from the document relevant to the affordable housing dialogue. With much of the COVB housing supply having been built in the 1970s and 80s, Councilwoman Moss stated the City was essentially "built out." She added that 54.5% of COVB homeowners spend over 30% of their income on housing costs, a percentage comparable with homeowners in Indian River County and the State of Florida. Among households with incomes less than 80% of the area median income, Councilwoman Moss asserted that the rate of severely cost -burdened households is greater for renters than homeowners, although this number is expected to decrease slightly over the next 20 years for both groups. (2:23 PM) Ms. Frazier reported that the City of Sebastian is working to update its comprehensive plan by 2020 but "tracks the County as far as income and housing costs," and that Sebastian has three subsidized housing developments and multiple mobile home parks. One mobile home park is under consideration for redevelopment, to include tiny homes, but the prospective developer's price point for these was still 3 AHAC Unapproved Feb 14, 2019 50