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r � � <br />Consistent with the intent of the comprehensive plan, recent affordable housing projects have located <br />in the M-1 and M-2 areas. It is anticipated that future affordable housing developments will also <br />locate in these areas. <br />Local, State and Federal Programs <br />Even though there are many state and federal housing programs, Indian River County participates <br />in only a limited number of them. Of nine state programs, Indian River County participates only in <br />the State Housing Initiatives Partnerships (SHIP) Program and the Low Income Housing Tax Credit <br />(LIHTC) Program. The Low Income Housing Tax Credit (LIHTC) Program is a competitive <br />program, whereby applicants in Indian River County must compete with applicants within 37 small <br />Florida counties (list of counties is attached). Due to limited funding, only a few projects can <br />actually be approved for participation in LIHTC program. For the 1997 fimding cycle, there is <br />$18,000,000 available; 60% of it is allocated for large counties; 30% for median counties, and only <br />10% ($1,800,000) for all 37 small counties including Indian River County. Following is a summary <br />of housing units provided/assisted through various governmental programs. <br />STATE HOUSING PROGRAMS <br />PROGRAMS <br />0 OF UNITS <br />*SHIP <br />175 <br />*URIC [ I.R. APTS (180), KYLES RUN (200), GIFFORD <br />GROVES (60)] <br />440 <br />TOTAL <br />616 <br />%ofTotal 1995 Housing Units <br />1.15% <br />FEDERAL HOUSING PROGRAMS <br />PROGRAMS <br /># OF UNITS <br />'SECTION 8 CERT F1CATES AND VOUCHERS (WAITING <br />LIST 222) <br />347 <br />'FARMERS HOME ADMINISTRATION <br />200 <br />'SECTION 202 (PART OF SECTION 8) <br />go <br />TOTAL <br />643 <br />% of Total 1995 Housing Units <br />120% <br />GRAND TOTAL <br />1259 (2.35% of total housing units) <br />As indicated in the above analysis, Indian River County, like every county in the state, has residents <br />with housing affordability problems. As the county continues to grow, these problems will increase. <br />As required by state law, the county must address the issue of housing affordability. <br />►i_I_►� I ► I 1 _ 71 . <br />Staff recommends that the Board of County Commissioners review all information provided at the <br />workshop and provide direction to staff. <br />I. INTRODUCTION AND LOCAL OVERVIEW <br />Robert M. Keating, Community Development Director; advised of <br />the format and introduced representatives who had come to make <br />presentations from the perspective of their various agencies. <br />Director Keating expanded on the population charts and other <br />7 <br />February 27, 1997 BOOK 'AGk f 4 <br />