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FORM 4 : Program Summary Submittal Date : 9/2/2003 <br /> Section 420 . 9075 <br /> FLORIDA HOUSING FINANCE CORPORATION <br /> SHIP PROGRAM ANNUAL REPORT - STATE FISCAL YEAR 2002-2003 <br /> Name of Local Entity : Indian River County <br /> 1 . Please provide information on the status of the implementation of the Local Housing <br /> Incentive Plan or Incentive Strategy adopted by the local Affordable Housing Assistance Plan . <br /> A . Incentive Strategy: <br /> • Adopted regulations providing up to a 20 % density bonus for affordable housing <br /> development projects (housing element policy 2 . 5 , Land Development <br /> Regulations Section 911 . 14(4) ( a) ) . <br /> • Adopted regulations allowing for small lot subdivisions with reduced setbacks , lot <br /> size , and lot width requirements (Land Development Regulations , Chapter 911 <br /> and section 971 . 41 (9)) . <br /> • Adopted regulations allowing for accessory single-family dwelling units in all <br /> agricultural and residential zoning districts (Land Development Regulations , <br /> Chapter 911 and Section 971 . 41 ( 10) ) . <br /> • Adopted regulations allowing multi -family dwelling units in conjunction with <br /> commercial development, such as apartments over commercial buildings (Land <br /> Development Regulations Section 911 . 10 and Section 971 .41 (6 )) . <br /> • Adopted policies for expedited permit processing (Housing Element policies 1 . 5 <br /> and 1 . 6 ) . <br /> • Adopted a policy for review of proposed local policies or regulations which may <br /> increase the cost of housing (Housing Element policy 1 . 7 ) . <br /> • Adopted a policy for inventory of all surplus county owned land (Housing <br /> Element policy 2 .4) . <br /> • Adopted regulations allowing zero lot line subdivisions (Land Development <br /> Regulations Section 915 . 15 ) . <br /> • Established Local Housing Assistance Program , allowing the county to utilize <br /> State Housing Initiatives Partnership (SHIP) program funds for the provision of <br /> affordable housing (Local Housing Assistance Program , Local Housing <br /> Assistance Plan , Housing Element policies 2 . 7 , 3 . 5 , 4 . 42 4 . 61 4 . 7 , 4 . 9 , and 9 . 1 ) <br /> B . Adopting Ordinance or Resolution Number or identify local policy : <br /> Identified as part of Section " A " above <br />