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Mr. Fleming emphasized the amenities, high quality in design and construction, and financing structure. He stressed that lenders will make sure their investment remains a valuable property. Generally the loan terms are 30 years. He advised that the same philosophy of quality structures was present whether the properties were single or multi -family and new construction or rehabilitation. Mr. Fleming also addressed economic development and business development perspectives and stated that economic development cannot be separated from housing. Wight Greger, Technical Assistance Project Manager, Florida Housing Coalition, assured the Board that they were not alone in this process; most all of the counties in Florida have gone or will go through this process. She remarked that they are asking all the right questions and addressing the same types of issues that other counties have and stressed that huge resources are available to them. She explained that there is a new way to do business through effective partnership and the Board is a member of the partnership with an increased pool of stakeholders. Ms. Greger cautioned the Board not to let the process scare them, as there are many professionals and agencies available to show them examples of developments. She offered to take them on a field trip into other communities doing the same thing. VI. DISCUSSION OF ISSUES Chairman Eggert asked Mr. O'Dell if, in developing the figures, consideration is given on the rate of deterioration of the buildings. For example, buildings in Indian River County are relatively young as compared to buildings in the older areas of the country. Mr. O'Dell replied that factor had not yet been taken into consideration, but that other factors, such as the condition of the house, were taken into consideration. Chairman Eggert thought that one of the biggest concerns of the public is transfer of density and density bonuses and how it is affecting affordable housing in general. Deputy County Attorney Will Collins pointed out that these policies are set out in our LDR's and included wetland protection goals. The Board cannot rescind the regulations on a case-by-case or project -by -project basis. They have to allow each applicant to avail themselves of the provisions of the laws. The Board would have to amend the Comprehensive Plan and make a decision not to protect the wetlands or not to provide incentives for reducing the cost of housing. 33 February 27, 1997 BOOK J FSG