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people who need subsidy are hard working earning $5 to $7 per hour <br />and cannot afford monthly rent of $500 in addition to other <br />necessary living expenses. The program is to help these people and <br />more affordable housing is needed in Indian River County. <br />Ms. Gamble emphasized that any multi -family housing requires <br />intense management. <br />At the conclusion of Ms. Gamble's presentation, Commissioner <br />Ginn asked if the need in Indian River County was based on any <br />specifics, and Ms. Gamble advised that studies have been done but <br />she did not have the results with her. The studies were done with <br />respect to Disney Resort and the two new malls. Ms. Gamble advised <br />that many of the workers for these three projects live in another <br />county because they cannot afford to live in this county. <br />Chairman Eggert thought the biggest misunderstanding in <br />people's minds is the difference between visions of the old lipublic <br />housing projects" and what is now being done with subsidized <br />housing developments. <br />Ms. Gamble invited the Board to take a tour of some of the <br />subsidized housing developments. <br />Commissioner Ginn commented that she has been a mentor to some <br />of the people who live in the projects and was familiar with them. <br />III. STATE/LOCAL AFFORDABLE HOUSING NEEDS ASSESSMENT <br />William O'Dell, Research Associate, Shimberg Center for <br />Affordable Housing, advised that Shimberg is under contract with <br />the Department of Community Affairs to produce an affordable <br />housing needs assessment methodology and reports designed for use <br />by cities and counties that are used for updating Housing Elements <br />in their Evaluation and Appraisal Reports (EARS). <br />Mr. O'Dell presented the following data using the EIMO and <br />pointed out interesting or note -worthy comparisons. <br />Indian River Co. Household Estimates & Projections 1990 - 2010 <br />Indian River Co. Household Estimates & Projections 1990 - 2010 <br />1990 <br />1995 <br />2000 <br />2005 <br />2010 <br />Owner Households <br />28,561 <br />31,537 <br />34,823 <br />37,357 <br />39,691 <br />Renter Households <br />9,496 <br />10,380 <br />11,514 <br />12,486 <br />13,294 <br />All Households <br />38,057 <br />41,917 <br />46,337 <br />49,843 <br />52,985 <br />Elderly Households (65+) <br />15,333 <br />18,100 <br />19,615 <br />19,652 <br />19,226 <br />Indian River Co. Household Estimates & Projections 1990 - 2010 <br />as a Percent of Total Households <br />1990 <br />1995 <br />2000 <br />2005 <br />2010 <br />Owner Households <br />75.0% <br />75.2% <br />75.2% <br />74.9% <br />74.9% <br />Renter Households <br />25.0% <br />24.8% <br />24.8% <br />25.1% <br />25.1% <br />Elderly Households (65+) <br />40.3% <br />43.2% <br />42.3% <br />39.4% <br />36.3% <br />9 <br />February 27, 1997 <br />BOOK IWO FAuL <br />