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Approval of Hernando County Inclusionary Housing Incentive Policy
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BRIEF OVERVIEW
Housing and Supportive Services contracted with the Florida Housing Coalition to assist with the creation of a voluntary inclusionary housing policy to create much needed housing for residents whose incomes are under 120% of the AMI for the Tampa/St Petersburg- Clearwater, Metropolitan Statistical Area (MSA).
After numerous discussions, which included Hernando County Planning Department, a Hernando County Inclusionary Housing Incentive Policy and Construction Standards was drafted for the Board’s review and approval. Attached is a presentation for discussion as needed.
FINANCIAL IMPACT
None.
LEGAL NOTE
The Board has authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached Hernando County Inclusionary Housing Incentive Policy and Construction Standards for Neighborhood Stabilization Program, HOME, Community Development Block Grant, and State Housing Initiatives Partnership Program projects. It is further recommended that the Board approve of townhomes, Co-Living, and Adaptive Reuse Developments under the Inclusionary Housing Incentive policy.