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�I <br />INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Jason Brown, County Administrator <br />THROUGH: Phillip J. Matson, AICP <br />Community Development Director <br />FROM: John Stoll <br />Chief, Long -Range Planning <br />DATE: November 15, 2022 <br />SUBJECT: Review of the Affordable Housing Advisory Committee <br />2022 Incentives Review and Recommendation Report <br />It is requested that the following information be given formal consideration by the Board of County <br />Commissioners at its regular meeting on December 6, 2022. <br />DESCRIPTION AND CONDITIONS <br />As part of HB 1375 enacted in 2007, the Legislature revised section 420.9076, F.S. to require that <br />local governments establish a local Affordable Housing Advisory Committee (AHAC). On March <br />18, 2008, the Indian River County Board of County Commissioners (BCC) approved resolution <br />2008-038 to establish Indian River County's AHAC. According to state law, the principal <br />responsibility of the AHAC is to submit a report to the local governing body that includes a <br />recommendation on or evaluation of the affordable housing incentives identified in Paragraphs <br />A through K of Section 420.9076 (4), F.S. (see page 2 of this staff report). <br />Consistent with the provisions of section 420.9076 F.S. (up until the 2020 legislative session), every <br />three years the AHAC was required to review the local government's established policies and <br />procedures, ordinances, land development regulations, and comprehensive plan and recommend <br />specific actions or initiatives to encourage or facilitate affordable housing, while protecting the <br />ability of property to appreciate in value. Pursuant to House Bill 1339 adopted during the 2020 <br />Florida Legislative Session, the triennial requirement changed to an annual requirement starting in <br />2021. <br />The County's first Al AC report was approved by the BCC on December 9, 2008, submitted to the <br />Florida Housing Finance Corporation (FHFC) before its December 31, 2008 due date, and thereafter <br />approved by the FHFC. Subsequent AHAC reports were prepared, recommended for approval by <br />c <br />