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City of Arden Hills – 20430 Comprehensive Plan <br /> <br /> <br />Approved: September 28, 201809 Amended: December 12, 2016 <br />7-16 <br />Table 7.6 – Owner Occupied Housing in Arden Hills by Affordability Bands <br />Housing Values Affordability Band Parcels Percent <br />$1 - $84,500 30% and Below AMI 21 1.0% <br />$84,501 - $150,500 30% - 50% AMI 252 11.5% <br />$150,501 - $238,500 50% - 80% AMI 480 21.8% <br />$238,501 - $409,000 81% - 135% AMI 1051 47.8% <br />$409,001 - $694,000 136% - 200% 312 14.2% <br />$604,001 and Above Greater than 200% AMI 81 3.7% <br />Total Owner Occupied Housing Units 2,197 100% <br /> <br />In January December of 201406, the Metropolitan Council released a report <br />entitled “Thrive 2040 Housing Policy Plan”“Determining the Affordable Housing <br />Need in the Twin Cities 2011-2020”. The report not only forecasts the regional <br />need by 20320 for newly constructed, affordable housing but it allocates each <br />community’s share of the regional need. The total need for newly constructed <br />affordable housing in the Twin Cities is estimated to be 37,90051,000 units <br />between 20211 and 20320. <br />Each community’s share of the regional need is allocated based on a number of <br />factors. According to the Metropolitan Council, 30.6 33.2 percent of new housing <br />units in all cities should be affordable. Allocations are then adjusted by the <br />balance of low-wage jobs and workers and thejob proximity and, the composition <br />of the existing affordable housing stock and access to transit service. Based on <br />the formula, the Metropolitan Council has allocated a need for 288 373 affordable <br />housing units to Arden Hills between now and the year 20320. <br />In order to ensure that this need can be met, Arden Hills has allocated several <br />land use classifications on the Future Land Use Map with development standards <br />that may accommodate affordable housing on TCAAP. In the remainder of <br />Arden Hills, the City expects the majority of new affordable housing units to be <br />constructed in areas designated as Medium Density Residential or High Density <br />Residential on the Future Land Use Map. The City would not seek to <br />concentrate affordable housing in any particular area. <br />Dr <br />a <br />f <br />t <br /> <br />11 <br />/ <br />0 <br />1 <br />/ <br />2 <br />0 <br />1 <br />7