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City of Arden Hills -Comprehensive Plan - DRAFT <br /> 2007 RENTAL HOUSING <br /> Bedroom size: *Monthly gross rent including tenant-paid <br /> utilities, affordable at 50% of area median <br /> income <br /> Efficiency $ 687 <br /> 1 bedroom $ 736 <br /> 2 bedrooms $ 883 <br /> 3 bedrooms $1,020 <br /> 4 bedrooms $1,138 <br /> In January of 2006, the Metropolitan Council released a report entitled <br /> "Determining the Affordable Housing Need in the Twin Cities 2011-2020". The <br /> report not only forecasts the regional need by 2020 for newly constructed, <br /> affordable housing but it allocates each community's share of the regional need. <br /> The total need for newly constructed housing in the Twin Cities is estimated to be <br /> 51,000 units between 2011 and 2020. <br /> Each community's share of the regional need is allocated based on a number of <br /> factors. All cities start with the same base allocation that 30.6% of their new <br /> housing units should be affordable. Allocations are then adjusted by job proximity, <br /> the composition of the housing stock and access to transit service. Based on the <br /> formula, the Metropolitan Council has allocated a need for 288 affordable housing <br /> units to Arden Hills between now and the year 2020. In order to ensure that this <br /> need can be met, Arden Hills' future land use plan is required by the Metropolitan <br /> Council to allocate sufficient areas of medium and high density residential <br /> development to accommodate this future growth. As will be discussed later, the <br /> development of the TCAAP property has the potential to meet this need. <br /> In addition to ensuring that there is sufficient land designated that has the potential <br /> to provide affordable housing, the City of Arden Hills is committed to continuing its <br /> participation in the Metropolitan Livable Community Program. As a participant <br /> since XXXX, the City of Arden Hills continues to be eligible to compete for grant <br /> funding provided by the Livable Communities Act (LCA) to assist with clean-up <br /> operations for polluted land for redevelopment, creating development or <br /> redevelopment opportunities that demonstrate efficient use of land and <br /> infrastructure through connected development patterns, and opportunities to create <br /> more affordable housing. <br /> 7.4.3 Housing Quality <br /> Except for the TCAAP property, much of Arden Hills is fully developed. As was <br /> pointed out earlier, the age of 70%of the current housing stock makes ongoing <br /> DRAFT 4© <br /> 3/14/2008 <br />