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FORM 4: Program Summary Submittal Date: 8/25/99 Section 420.9075 FLORIDA HOUSING FINANCE CORPORATION SHR' PROGRAM ANNUAL REPORT - STATE FISCAL YEAR 1997-98 Name of Local Entity: Indian River County 1. Please provide information on the status of the implementation of the Local Housing Incentive Plan or Incentive Strategy adopted by the local Affordable Housing Assistance Plan. A. Incentive Strategy: • Adopted regulations providing up to a 20% density bonus for affordable housing development projects (housing element policy 2.5, Land Development Regulations Section 911.14(4)(a)). • Adopted regulations allowing for small lot subdivisions with reduced setbacks, lot size, and lot width requirements (Land Development Regulations, Chapter 911 and section 971.41 (9)). • Adopted regulations allowing for accessory single-family dwelling units in all agricultural and residential zoning districts (Land Development Regulations, Chapter 911 and Section 971.41 (10)). • Adopted regulations allowing multi -family dwelling units in conjunction with commercial development, such as apartments over commercial buildings (Land Development Regulations Section 911. 10 and Section 971.41 (6)). • Adopted policies for expedited permit processing(Housing Element policies 1.5 and 1.6). • Adopted a policy for review of proposed local policies or regulations which may ..._.__se the __-t of hocs,ag (Housing D cme-t policy 1.7). • Adopted it policy for inventory of all surplus county owned land (Housing Element policy 2.4). • Adopted regulations allowing zero lot line subdivisions (Land Development Regulations Section 915.15). • Established Local Housing Assistance Program, allowing the county to utilize State Housing Initiatives Partnership (SHIP) program funds for the provision of affordable housing (Local Housing Assistance Program, Local Housing Assistance Plan, Housing Element put icics 2.7, 3.5, 4.4, 4.6, 4.7, 4.9, and 9.1)