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2003-059
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2003-059
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Last modified
9/28/2016 9:20:11 AM
Creation date
9/30/2015 6:23:14 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Plan
Approved Date
03/11/2003
Control Number
2003-059
Agenda Item Number
7.D.
Entity Name
Florida Housing Finance Corporation
Subject
Resolution 2003-026/Certification to Florida Housing Finance Corporation
Local Housing Assistance Plan
Archived Roll/Disk#
3160
Supplemental fields
SmeadsoftID
3180
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regulations that cause inconsistency between this section of the <br /> Local Housing Assistance Plan and the county ' s Comprehensive Plan <br /> • or Land Development Regulations , the Comprehensive Plan and Land <br /> Development Regulations will control . <br /> • Density Bonus <br /> - Housing Element Policv 2 . 5 <br /> POLICY 2 . 5mmlm*: The county shall maintain its affordable housing <br /> density bonus provision for planned development projects , allowing <br /> eligible affordable housing projects to receive up to a 20 % density <br /> bonus based on the following table . <br /> Very Low Income Density Additional Density Bonus for Range of <br /> ( VLI ) and Low Bonus Providing Additional Buffer and Possible <br /> Income ( LI ) ( Percent Landscaping based on one of the Density <br /> Affordable Units increase following options ( percent Bonus <br /> as Percentage of in increase in allowable units ) Percentage <br /> Project ' s Total allowable ( Percent <br /> Units units ) Option I Option II increase <br /> in <br /> Material equal Material equal allowable <br /> to a 10 ' wide to a 20 ' wide units ) <br /> Type C buffer * Type B buffer * <br /> with 6 ' opaque with 6 ' opaque <br /> feature along feature along <br /> residential residential <br /> district district <br /> • boundaries and boundaries and <br /> 4 ' opaque 4 ' opaque <br /> feature along feature along <br /> roadways roadways <br /> More than 30 % 5 % or 10 % 10 - 20 % <br /> * Buffer types are identified in Chapter 926 of the county ' s Land Development Regulations <br /> Section 911 . 14 ( 4 ) of the LDRs Density Bonus <br /> ( a ) Affordable housing . Residential developments may receive a <br /> density bonus not to exceed twenty ( 20 ) percent of the density <br /> permitted by the applicable zoning district . <br /> 2 . For the purpose of this section , an affordable dwelling <br /> unit shall be a dwelling unit which : <br /> 1 . Has a market value less than two ( 2 ) times the <br /> county ' s annual median household income for Indian <br /> River County as established by the Florida Housing <br /> Finance Corporation ; or <br /> b . Has a monthly rent less than one - twelfth ( 1 / 12 ) <br /> times thirty ( 30 ) percent of 80 % of the county ' s <br /> annual median household income for Indian River <br /> County as established by the Florida Housing <br /> • Finance Corporation , <br /> 3 . Affordable dwelling units provided in compliance with <br /> this section , regardless of whether or not the affordable <br /> dwelling units are part of a planned development project , <br /> 67 <br />
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