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City of Arden Hills – 20430 Comprehensive Plan <br /> <br /> <br />Approved: September 28, 201809 Amended: December 12, 2016 <br />7-15 <br />affordable housing and the guaranteed length of affordability provide a public benefit great enough to <br />justify the reduction or waiver of development fees. <br /> Zoning and Subdivision Policies: The City has the ability to adjust its zoning and subdivision <br />regulations through a planned unit development (PUD). Zoning and subdivision regulation are <br />created in part to mitigate the impacts that a development may have on adjoining properties. When <br />considering a PUD for affordable housing, the City should determine when the level of affordable <br />housing and the guaranteed length of affordability provide a public benefit great enough to justify the <br />potential impacts that would result from a deviation in the zoning or subdivision regulations. <br />4(d) Tax Program: The 4(d) tax program provides a 4% tax credit to affordable housing developers. <br />This program is administered through the Minnesota Housing Finance Agency. Arden Hills <br />encourages Minnesota Housing Finance Agency to continue administer the 4(d) tax program to <br />provide affordable housing for those Arden Hills residents in need. <br /> <br /> <br />Formatted: Tab stops: 0.24", Left