Indian River County’s New Affordable Housing Trust Fund: Essential Survey Services for Qualifying Development Projects

Indian River County’s Affordable Housing Trust Fund: Your Gateway to Securing Critical Survey Services for Successful Development Projects

Indian River County’s commitment to affordable housing has reached a new milestone with the establishment of its Housing Trust Fund, creating unprecedented opportunities for developers and non-profit organizations to bring much-needed affordable housing to the community. However, navigating the complex requirements and ensuring project success demands professional land surveying services that meet both local and federal standards.

Understanding Indian River County’s Housing Trust Fund Initiative

The county’s Housing Trust Fund provides financing through water and sewer capacity charges, rate financing, and grants for land acquisition, downpayment/closing cost loans, impact fee/capacity charges payment loans, and rehabilitation loans for affordable housing units. The fund also assists non-profit facilitators with pre-development expenses associated with very low, low, and moderate income housing development. Some disbursements from the Housing Trust Fund will be grants, but the majority of funds will be revolving loans, with borrowers paying back principal and applicable interest into the trust, therefore ensuring a permanent source of financing.

Through the federal American Rescue Plan (ARP) Act funding program, the Indian River County Board of County Commissioners is providing one-time grants to qualifying non-profit housing providers operating in Indian River County, negatively affected by the COVID-19 Pandemic. One-time grants of up to $60,000 per unit may be used for construction of affordable duplex, townhomes, and apartment units for disadvantaged populations after March 3, 2021.

Critical Survey Requirements for Trust Fund Projects

Successfully securing funding from Indian River County’s Housing Trust Fund requires comprehensive documentation and precise property assessments. Predevelopment begins with the municipality gathering adequate information to assess if housing development on a particular site is physically and financially feasible. The predevelopment phase happens prior to the issuance of a Request for Proposals (RFP) for developers, as the results and information gathered during this phase will need to be included in the RFP.

Housing units must be connected to permanent utility hook-ups and be located on land that is owned by the manufactured housing unit owner or land for which the manufactured housing owner has a lease for a period at least equal to the applicable period of affordability. The activities and costs are eligible only if the housing meets the property standards upon project completion. Acquisition of vacant land or demolition must be undertaken only with respect to a particular housing project intended to provide affordable housing within the time frames established.

Essential Survey Services for Qualifying Projects

Professional land surveying services are fundamental to meeting trust fund requirements and ensuring project compliance. Key survey services include:

• Boundary Surveys: Precise property line identification critical for development planning and regulatory compliance
• Topographic Surveys: Essential for understanding site conditions and drainage requirements
• ALTA/NSPS Surveys: Comprehensive surveys meeting national standards for commercial development projects
• Elevation Certificates: Required for flood insurance and FEMA compliance in many coastal areas
• Construction Stakeouts: Ensuring accurate placement of buildings and infrastructure

Why Professional Survey Services Matter for Your Trust Fund Application

Recipients may use funds to help fund pre-project development activities, which could include site work and land acquisition, that precede housing development or rehabilitation of affordable housing. SLFRF may be used for predevelopment activity and site work to lay the ground for affordable housing development. Accurate surveying data strengthens your application by demonstrating thorough site preparation and feasibility analysis.

For developers in the Indian River County area, partnering with experienced land surveyors indian river county professionals ensures your project meets all technical requirements while staying on schedule and within budget.

Aero Land Surveyors: Your Trusted Partner in Southeast Florida

Aero Land Surveyors offers accurate and dependable property surveys across Florida. We give you clear, reliable results for your residential or commercial property. Aero Land Surveyors specializes in offering professional, reliable property surveys across Florida. We handle residential and commercial properties while focusing on accuracy and customer satisfaction.

At Aero Land Surveyors, operating since 2022, we bring a modern approach to land surveying services across Florida. Whether you’re purchasing property, building, or developing land, our licensed land surveyors accurately measure every boundary and feature, helping you avoid costly mistakes. With modern and practical technology like GPS and 3D laser scanning, our experienced team provides various services and surveys that include boundary surveys, elevation certificates, stakeouts, architectural, elevations, residential, commercial, and ALTA/NSPS land title surveys.

Local experts with extensive knowledge of the Florida area provide fast turnaround times and quick results to keep your project on schedule, along with detailed reports that are easy-to-understand, detailed survey results.

Maximizing Your Trust Fund Success

Housing trust funds are advantageous because they provide more flexibility than other State and Federal funding sources used for affordable housing, enabling funds to be leveraged to obtain additional funding from other sources. Further, local agencies can tailor their housing trust fund program requirements to address specific identified needs in their community, such as housing for special needs populations, housing for very low-income households, or increasing homeownership opportunities.

To ensure your affordable housing development project qualifies for Indian River County’s Housing Trust Fund, professional surveying services are not just recommended—they’re essential. From initial site assessment through final construction stakeout, accurate survey data provides the foundation for successful project completion and long-term community benefit.

Local surveyors understand Indian River County terrain and regulations. Our team has a deep understanding of local regulations. At Aero Land Surveyors, we understand the importance of accurate and reliable surveying services. Contact our team today to discuss how professional survey services can strengthen your trust fund application and ensure your affordable housing project meets all requirements for success.