Subject:
Title
Legislative Intent and Permission to Advertise an Ordinance Amending Chapter 62, Article XVII, "Workforce Housing Incentives," Brevard County Code of Ordinances
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Fiscal Impact:
None
Dept/Office:
Housing and Human Services
Requested Action:
Recommendation
It is requested that the Board approve the statement of legislative intent set forth below and authorize the advertisement of an ordinance amending Chapter 62, Article XVII, "Workforce Housing Incentives," Brevard County Code of Ordinances, in order to implement a Brevard County Workforce and Supportive Housing Trust Fund as required by a Charter amendment approved by the voters in the November 2022 election.
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Summary Explanation and Background:
In November of 2022, an amendment to the Brevard County Home Rule Charter was approved by voters to add Section 1.9, Workforce and Supportive Housing Trust Fund to the Charter. This new section reads:
"Section 1.9. Brevard County Workforce and Supportive Housing Trust Fund.
(a) The Brevard County Workforce and Supportive Housing Trust Fund is hereby established.
(b) Purpose of Trust Fund. The purpose of the trust fund is to provide a continuing, non-lapsing fund for Brevard County to use to address the need for affordable housing within Brevard County. The trust fund shall be used to create and sustain affordable housing throughout Brevard County for renters and homeowners and to increase workforce housing opportunities.
(c) Revenue sources. The trust fund shall be funded as directed from time to time by the county commission and may be comprised of the following sources:
(1) Funds from the sale of county surplus real property, the funds which are not otherwise legally committed to other sources; and
(2) Other sources as established from time to time by ordinance.
(d) Continuing nature of trust fund. Unless otherwise provided by ordinance or resolution or required by applicable law, unspent portions of the trust fund, repayments of principa...
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