Title
Discussion of the Incentives and Recommendations Report (B)
Explanation
Each year, to receive SHIP funding, State law requires the City’s Affordable Housing Advisory Committee (AHAC) to review the City’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 the AHAC. The City must submit the IRR to the State by December 31 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 status of each of the 11 requirements and ask AHAC to provide feedback and to receive comments from the public.
Recommendation
The Affordable Housing Advisory Committee: 1) receive a presentation from staff; 2) discuss the IRR and provide staff with feedback; and 3) receive public comment.