Title
Overview of the Incentives and Recommendations Report (B)
Explanation
In order to receive SHIP funding, State law requires City and County Affordable Housing Advisory Committees (AHAC) to review their jurisdiction’s regulations, incentives, plans, policies, and procedures that impact the cost of housing and/or the provision of affordable housing. Based on that review, the AHAC must develop and present the Incentives and Recommendations Report (IRR) to the City Commission. According to State Statutes, this is the primary purpose of each AHAC. The City must submit the IRR to State by December 31st of each year.
Section 420.9076(4) of the Florida Statutes identifies 11 incentives that the IRR must address. The IRR also may discuss other affordable housing incentives and regulations identified by the AHAC. Staff will describe the requirements of the IRR and describe the incentives that must be addressed.
Recommendation
The Affordable Housing Advisory Committee receive an overview.