08-21-17-WS - Laserfiche WebLink

Home Browse Search

City of Arden Hills – 20430 Comprehensive Plan Approved: September 28, 201809 Amended: December 12, 2016 7-15 Table 7.7 – Owner Occupied Housing in Arden Hills by Affordability Bands Affordability of Owner Occupied Housing Value AMI Range Number of Parcels $153,000 and below 50% AMI and below 278 parcels $153,001 to $240,500 50% to 80% AMI 487 parcels $240,501 to $300,500 80% to 100% AMI 447 parcels $300,501 to $405,500 100% to 135% AMI 580 parcels $405,501 to $601,000 135% to 200% AMI 322 parcels $601,001 and above Greater than 200% AMI 85 parcels In January December of 201406, the Metropolitan Council released a report entitled “Thrive 2040 Housing Policy Plan”“Determining the Affordable Housing Need in the Twin Cities 2011-2020”. The report not only forecasts the regional need by 20320 for newly constructed, affordable housing but it allocates each community’s share of the regional need. The total need for newly constructed housing in the Twin Cities is estimated to be 37,90051,000 units between 20211 and 20320. Each community’s share of the regional need is allocated based on a number of factors. According to the Metropolitan Council, 30.6 33.2 percent of new housing units in all cities should be affordable. Allocations are then adjusted by the balance of low-wage jobs and workers and thejob proximity and, the composition of the existing affordable housing stock and access to transit service.. Based on the formula, the Metropolitan Council has allocated a need for 288 373 affordable housing units to Arden Hills between now and the year 20320. In order to ensure that this need can be met, Arden Hills has allocated several land use classifications on the Future Land Use Map with development standards that may accommodate affordable housing on TCAAP. In the remainder of Arden Hills, the City expects the majority of new affordable housing units to be constructed in areas designated as Medium Density Residential or High Density