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Housing Assistance Program , <br /> 15 . Unit Affordable Classification Timeframe : The period of <br /> time that an eligible housing unit assisted through the <br /> Indian River County Local Housing Authority Program must <br /> be available for , and occupied by , an eligible person . <br /> 16 . Very Low Income Household : A household with total annual <br /> gross income up to 50 % of the county ' s median income . <br /> III . THE INDIAN RIVER COUNTY LOCAL HOUSING ASSISTANCE PROGRAM <br /> ( IRCLHAProgram ) <br /> The Indian River County Local Housing Assistance Program <br /> ( IRCLHAProgram ) is the mechanism to be utilized by Indian <br /> River County to provide assistance and incentives to encourage <br /> the provision of affordable housing for residents of the <br /> county . The IRCLHAProgram shall utilize various strategies to <br /> make funds held in the Indian River County Local Housing <br /> Assistance Trust Fund ( IRCLHATF ) available to eligible persons <br /> or eligible sponsors for the provision of affordable housing <br /> for eligible persons . By providing such assistance - . .through <br /> the various strategies , the IRCLHAProgram shall serve to <br /> reduce the cost of housing for eligible recipients . <br /> The IRCLHAProgram will be implemented , administered and <br /> operated by the Indian River County Community Development <br /> Department . The requirements and guidelines for the <br /> IRCLHAProgram and its available strategies are as follows : <br /> A . General Proaram Requirements <br /> The Indian River County Local Housing Assistance Program <br /> ( IRCLHAProgram ) shall be operated in conformance with the <br /> requirements of the State Housing Initiatives Partnership Act , <br /> Section 420 . 907 , Florida Statutes , and the State Housing <br /> Initiatives Partnership Program , Rule 67 - 37 of the Florida <br /> Administrative Code . General operation and implementation of <br /> the program shall comply with the following specific criteria : <br /> 1 . Advertisement and Notice of Fund Availability <br /> Formal public notice of the availability of funds for the <br /> provision of affordable housing via the IRCLHAProgram shall be <br /> made in the following manner : <br /> a . At the beginning of the State Fiscal Year : <br /> i . The availability of SHIP funds will be <br /> advertised in a publication of general <br /> circulation at least 30 days prior to <br /> accepting applications . A Public Notice <br /> 6 <br />