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• Affordable Housing Supply <br />For purposes of this report, affordable housing supply is the number of housing units which are <br />subsidized with government funds. The countywide estimate of the current affordable housing <br />supply using that definition is 2,253 units. There are another 239 units either under consideration <br />for approval or under construction which brings the total to 2.492 units. <br />o Number of Assisted and Subsidized Housing Units <br />Like affordable housing demand, affordable housing supply. in this case subsidized units. can be <br />divided into two categories. These are rental units and owner units. The rental units can further be <br />divided into units within subsidized multi -family rental projects and individual units subsidized <br />through vouchers. <br />o Subsidized Rental Projects <br />Countywide. the most visible affordable housing units are within subsidized. multi -family rental <br />projects. Most of these projects were constructed within the last few years and were subsidized from <br />one or more of the following programs. <br />EiMm <br />• Farmers Home Administration <br />• Low Income Housing Tax Credit (LIHTC) <br />• State Bond Program <br />Totaling 1.456 units (60 of which are single-family), these projects are located throughout the <br />county. Table 5 identifies those projects. <br />The following table provides a list of subsidized housing units in the unincorporated portion of the <br />county. <br />TABLES <br />SUBSIDIZED HOUSING <br />UNINCORPORATED INDIAN RIVER COUNTY <br />February 13, 2001 <br />101 <br />BI( 1I7PGII3 <br />MAP # <br />PROJECT NAME <br />NUMBER OF UNITS <br />TYPE OF SUBSIDY <br />YEAR BUILT <br />I <br />Victory Park <br />100 <br />Farmers Home Administration <br />1989 <br />Sunset Apartments <br />36 <br />LIHTC (Low Income Housing <br />Tax Credit) <br />1997 <br />a <br />Orangewood Park <br />100 <br />Farmers Home Administration <br />1992 <br />4 <br />Gifford Grove <br />60 (single-family) <br />LIHTC <br />95/96 <br />5 <br />Indian River <br />Apartments <br />180 <br />LIHTC <br />1994 <br />6 <br />Kyles Run <br />200 <br />LIHTC <br />1997 <br />7 <br />Gardinia Gardens <br />80 <br />HUD Project/Elderly Housing <br />Project <br />1998 <br />8 <br />River Park Place <br />144 <br />LIHTC/Elderly Housing Project <br />1998 <br />9 <br />Lindsey Gardens Phase <br />I <br />96 <br />LIHTC <br />1998 <br />10 <br />The Club at Vero <br />184 (some units under <br />construction) - <br />State Bond Program/ Elderly <br />Housing Project <br />1998 <br />11 <br />woods of Vero <br />176 <br />LIHTC <br />2000-01 <br />February 13, 2001 <br />101 <br />BI( 1I7PGII3 <br />