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11.A. REVISED INDIAN RIVER COUNTY LOCAL HOUSING ASSISTANCE PLAN - REVIEW AND CONSIDERATION The Board reviewed a Memorandum of March 3,,1998: TO: James E. Chandler County Administrator D ,RRENCE:,U 11 Robert M. Keating, AICP Community Developmen Directo • / FROM: Sasan Rohani, AICP S •W - Chief, Long -Range Planning DATE: March 3, 1998 SUBJECT: REVIEW AND CONSIDERATION OF REVISED INDIAN RIVER COUNTY LOCAL HOUSING ASSISTANCE PLAN It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of March 10, 1998. Pursuant to the requirements of Section 420.907, F.S., the State Housing Initiatives Partnership Program (SHIP), and Rule 9I-37.005, Florida Administrative Code (FAC), the Board of County Commissioners approved the Indian River County Local Housing Assistance Plan (Ordinance #93- 13) on April 6,1993. In June,1993, the Florida Housing Finance Corporation approved the county's plan and authorized the disbursement of SHIP funds. According to a 1993 amendment to Rule 9I-37.005(2), Florida Administrative Code, the county had to periodically submit a new Local Housing Assistance Plan to the Florida Housing Finance Corporation. Subsequently, the county's plan was revised in 1994 and 1997. On March 11, 1997, the Board of County Commissioners adopted resolution #97-16, which approved the county's revised 3 year plan for FY 97-98, FY 98-99, and FY 99-2000. The Florida Housing Finance Corporation then approved the county's revised plan on April 21, 1997, and authorized the disbursement of SHIP funds until June, 2000. Also, according to state requirements, each county or eligible municipality participating in the State Housing Initiatives Partnership Program (SHIP) had to adopt an Affordable Housing Incentive Plan within 12 months after the establishment of its local housing assistance program. To comply with that requirement, the Indian River County Affordable Housing Advisory Committee reviewed local established policies, procedures, ordinances, land development regulations, and the county's adopted comprehensive plan and made specific recommendations to encourage or facilitate the provision of affordable housing. On January 13, 1994, the Indian River County Affordable Housing Advisory Committee held a public hearing pursuant to the requirements of Section 420.9076 (5), F.S., and continued the public hearing to a time certain date on February 10, 1994. At that time, the Affordable Housing Advisory Committee voted to recommend that the Board of County Commissioners adopt the Indian River County Affordable Housing Incentive Plan. The proposed plan was presented to the Board of County Commissioners on March 8, 1994. At that time, the Board approved resolution #94-44, adopting the Indian River County Affordable Housing Incentive Plan. In accordance with state requirements, staff then transmitted a copy of the approved Affordable Housing Incentive Plan and related information to the Florida Housing Finance Corporation for their review. MARCH 10, 1998