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BOOK 1_0J PAGE 73 <br />information in the memorandum and commented on the growth of the <br />county. He reviewed the definition of affordable housing and <br />emphasized that affordable housing does not necessarily mean <br />subsidized housing. He identified the areas on a map of the county <br />showing where future multi -family affordable housing developments <br />are likely to occur. (see memorandum for description of these <br />areas.) <br />Director Keating advised that resident profiles had been <br />requested from the developers of the most recent affordable housing <br />complexes. He reviewed the following chart from Indian River <br />Apartments and pointed out that the numbers indicate there are not <br />a lot of unemployed people taking advantage of subsidized housing <br />living in the complex. <br />INDIAN RIVER APARTMENTS <br />RESIDENT PROFILE <br />Resident Occupation by Major <br />Administrative/Professional <br />47 <br />Retail Trade <br />31 <br />Services <br />61 <br />Medical Services <br />10 <br />ManufacturinglConstruction <br />.21 <br />Teachers/Students <br />26 <br />Retired <br />18 <br />Other (including agricultural and <br />16 <br />unemployed) <br />Minor -Child <br />104 <br />II. OVERVIEW OF INDIAN RIVER COUNTY HOUSING <br />ASSISTANCE PROGRAMS <br />Larcla Gamble, Director of Indian River County Housing <br />Authority, reminded the Board that federal housing subsidies have <br />been reduced under the Department of Housing and Urban Development. <br />She explained the two types of subsidies: tenant -based (HUD - <br />Section 8) and project -based (Farmers Home Administration) and <br />related how the reduced HUD funds have affected both. She <br />explained the Kemp & Cisneros program and how affordable housing <br />relates to the program. <br />Ms. Gamble stressed that "subsidy" and "affordable" do not <br />equate to squalor and ghetto. She pointed out that most of the <br />8 <br />February 27, 1997 <br />