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Last modified
12/20/2019 10:58:10 AM
Creation date
12/20/2019 10:57:47 AM
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Ordinances
Ordinance Number
2019-023
Adopted Date
12/17/2019
Agenda Item Number
10.A.1
Ordinance Type
Housing Assistance
State Filed Date
12\19\2019
Entity Name
Affordable Housing Advisory Committee
Subject
Amending Chapter 308, Indian River County Local Housing Assistance Program, of the Code of Laws and
Ordinances of Indian River County.
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Editor's note— Section 1(App. A) of Ord. No. 2014-008, adopted April 15, 2014, repealed the <br />former § 308.08 which pertained to the adoption of the Indian River County Affordable Housing <br />Incentive Plan, and derived from Ord. No. 93-13, adopted April 6, 1993. Said ordinance <br />renumbered former § 308.09 as § 308.08. <br />Section 308.09. - Effective date. <br />This chapter shall become effective thirty (30) days after the date of formal adoption. <br />(Ord. No. 93-13, 4-6-93; Ord. No. 2014-008, § 1(App. A), 4-15-14) <br />Editor's note— Former § 308.10. <br />PART II. - INDIAN RIVER COUNTY NEIGHBORHOOD STABILIZATION PROGRAM ACQUISITION, <br />REHABILITATION, AND SALE PROCEDURES AND STANDARDS <br />Section 308.10. - Title. <br />This Part of Chapter 308, the terms and the provisions contained herein, shall be known as the <br />Indian River County Neighborhood Stabilization Program Acquisition, Rehabilitation, and Sale Procedures <br />and Standards. <br />(Ord. No. 2012-006, § 2, 5-1-12; Ord. No. 2014-008, § 1(App. A), 4-15-14) <br />Editor's note— Former § 308.11. <br />Section 308.11. - Purpose and intent. <br />Since 2009, Indian River County has participated in the Neighborhood Stabilization Program, NSP, <br />as created by the Housing and Economic Recovery Act of 2008, the American Recovery and <br />Reinvestment Act of 2009, and the Wall Street Reformed Consumer Protection Act of 2010. The purpose <br />of this chapter is to set forth procedures and standards whereby Indian River County can acquire <br />foreclosed or abandoned properties using Neighborhood Stabilization Program (NSP) funds, rehabilitate <br />those properties with NSP funds, and sell those properties to qualifying low and moderate income <br />households. As such, this chapter provides for: <br />(1) Establishment of competition and qualification standards for county acquisition, rehabilitation <br />and sale of foreclosed or abandoned properties in accordance with the NSP; <br />(2) Provisions for notice to participants in the NSP; <br />(3) Establishment of a form and manner to acquire property; <br />(4) Establishment of negotiation or qualification standards that must be met in order for a person to <br />buy a property under the NSP; <br />(5) Establishment of a process to provide notice to potential qualified buyers for NSP rehabilitated <br />housing. <br />(Ord. No. 2012-006, § 2, 5-1-12; Ord. No. 2014-008, § 1(App. A), 4-15-14) <br />Editor's note— Former § 308.12. <br />Page 6 <br />
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