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. I . INTRODUCTION Purpose and Intent This document , titled Indian River County Local Housing Assistance Plan , outlines and provides the general guidelines , operating procedures and assistance strategies of the Indian River County Local Housing Assistance Program as established by the Indian River County Board of County Commissioners via Ordinance 93 - 13 ; pursuant to the requirements of the State of Florida State Housing Initiatives Partnership ( SHIP ) Program and Rule 67 - 37 , Local Housing Assistance Plans , Florida Administrative Code ( FAC ) . The purpose and intent of the Indian River County Local Housing Assistance Plan is to provide guidelines , operating procedures and assistance strategies to be utilized by the Indian River County Local Housing Assistance Program in order to encourage the provision and rehabilitation of decent , affordable housing for the residents of Indian River County , The Indian River County Local Housing Assistance Plan was approved by the Board of County Commissioners on April 6 , 1993 . In June , 1993 , the Florida Housing Finance Corporation approved the county ' s plan and authorized the disbursement of • funds . Background The provision of affordable housing has become a significant issue throughout the United States , Florida and Indian River County . The need for affordable housing is especially significant for very low - , low - , and moderate - income households which encounter various obstacles in their attempt to obtain " affordable housing " . These obstacles include , but are not limited to , obtaining sufficient funds for the payment of impact fees and / or down payments for housing units . According to information provided by the 2000 U . S . Census , approximately 61 % of Indian River County ' s households may be classified as very low - , low - or moderate - income households . These households require housing ; however , due to the obstacles noted , they may not be able to secure adequate housing . The need for affordable housing for very low - , low - and moderate - income households within the county is addressed in the county ' s adopted comprehensive plan , specifically Housing Element Policy 4 . 4 . That policy reads as follows : " The county shall maintain its Housing Trust Fund which will provide below - market interest rate • financing and / or grants for land acquisition , downpayment / closing cost loans , impact fee payment 1