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08-21-17-WS
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08-21-17-WS
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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 />TABLE 7.4 - 2016 COST BURDENED HOUSEHOLDS & AFFORDABLE HOUSING NEED ALLOCATION <br /> <br />Source: The Metropolitan Council <br />AMI Percentage Cost Burdened <br />Households <br />Current Affordable <br />Households <br />Need <br />Allocation* <br />AtOrBelow30AMI 237 317 129 <br />From31to50AMI 149 383 100 <br />From51to80AMI 154 216 144 <br />Total Units 540 916 373 <br />AMI = Area Median Income <br />*These figures are in addition to the current affordable households <br /> <br /> <br />To implement the Livable Communities Act in 2007, the Metropolitan Council <br />uses as the upper limit of affordability for ownership purchase price and monthly <br />rents, the following dollar amounts: <br />TABLE 7.5 - 201507 OWNED OCCUPIED AFFORDABLE HOUSING PRICES <br />Household Income Level:Affordable Home Price <br />80% of area median income $238,500 <br />50% of area median income $151,500 <br />30% of area median income $84,500 <br />Source: Metropolitan Council
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