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Example Income <br />Unincorporated Indian River County <br />Multi -Family Zoned Acreage and Development Potential U <br />to Annual Income <br />and Ability to Pay for Housing <br />Annual <br />Income <br />Iigililir, <br />$25,000 <br />Monthly Amount Avail. for housing after car <br />& credit card payments <br />$222 <br />Potential Number of Housin: Units <br />Income <br />Range <br />.,10' <br />Zoning <br />District <br />Max. # <br />of Units <br />Per Acre <br />Total Acres <br />(Vacant <br />Parcels >2 <br />Acres) <br />Max Zcning <br />District <br />20% Bonus <br />(Currently <br />Allowed under <br />Affordable <br />Housing Regs) <br />30% <br />Bonus <br />(Not <br />Currently <br />Allowed) <br />40% <br />Bonus <br />(Not <br />Currently <br />Allowed) <br />50% <br />Bonus <br />(Not <br />Currently <br />Allowed) <br />$439 <br />RM -3 <br />3 <br />44.95 <br />132 <br />156 <br />169 <br />183 <br />197 <br />$800 <br />RM -6 <br />6 <br />1,197.98 <br />7,L51 <br />8,549 <br />9,256 <br />9,983 <br />10,710 <br />$1 250 <br />RM -8 <br />8 <br />130.32 <br />1,036 <br />1,240 <br />1,343 <br />1,446 <br />1,549 <br />Total <br />RM -10 <br />10 <br />28.69 <br />283 <br />338 <br />366 <br />395 <br />423 <br />Total <br />1,356.99 <br />8,602 <br />10,283 <br />11,134 <br />12,007 <br />i <br />12,879 <br />Example Income <br />Classification for a 3 Person Household in Indian River County Compared <br />to Annual Income <br />and Ability to Pay for Housing <br />Annual <br />Income <br />Iigililir, <br />$25,000 <br />Monthly Amount Avail. for housing after car <br />& credit card payments <br />$222 <br />Income Classification for <br />Household Size of 3 People <br />0. ; ,., E, ,' <br />ind <br />Income <br />Range <br />.,10' <br />Projected New <br />HH s by 2030 <br />r. 0.. <br />Very Low Income (VLI) <br />$21,330 - <br />$29,250 <br />$30,000 <br />$331 <br />1,225 <br />$35,000 <br />$439 <br />Low Income (LI) <br />$29,250 -/ <br />$46,800 <br />$40 000 <br />$547 <br />1,598 <br />$45,000 <br />$656 <br />$50,000 <br />$800 <br />Moderate Income (MI) <br />$46,800 - <br />$70,200 <br />$55 000 <br />$950 <br />1,763 <br />$60 000 <br />$1 100 <br />$65,000 <br />$1 250 <br />$70,000 <br />$1,400 <br />$75,000 <br />$1 550 <br />Income Needed to afford Town Homes Bein: Built In IRC <br />Total <br />6,716 <br />Income Needed to afford SF Homes Bein • Built In IRC <br />17 <br />Ito-1�7 <br />