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City of Arden Hills – 20430 Comprehensive Plan <br /> <br /> <br />Approved: September 28, 201809 Amended: December 12, 2016 <br />7-18 <br />and 80% AMI, that would seem to indicate that 130 households with incomes <br />between 50% and 80% AMI living in housing units that are affordable to <br />households with incomes less than 50% AMI or below. <br />In summary, Arden Hills’ existing housing stock is adequate to address the needs <br />of households with incomes between 30% and 50% AMI and incomes below <br />30% AMI. Arden Hills should encourage the development of additional housing <br />units affordable to households with incomes between 50% and 80%, such as <br />owner occupied townhome units, and therefore free up the existing housing units <br />affordable to households with incomes between 30% and 50% AMI and incomes <br />below 30% AMI. <br />TABLE 7.7 - 2015 AFFORDABLE HOUSING UNITS <br />Affordability Owner Occupied1 Rental Total2 <br />30% AMI and Below 21 350 371 <br />30% to 50% AMI 252 131 383 <br />50% to 80% AMI 480 279 759 <br /> <br />Source 1: Ramsey County 2015 <br />Source 2: Metropolitan Council 2015 Housing Stock Estimates <br />AMI = Area Median Income <br /> <br /> <br />TABLE 7.8 - 2015 COST BURDENED HOUSEHOLDS & AFFORDABLE HOUSING NEED ALLOCATION <br />AMI Percentage Cost Burdened Households1 Current Affordable Housing Units2 <br />30% AMI and Below 237 317 <br />30% to 50% AMI 149 383 <br />50% to 80% AMI 154 216 <br />Total 540 916 <br />Source 1: U.S. Department of Housing and Urban Development 2009-2013 Comprehensive Housing <br />Affordability Strategy <br />Source 2: Metropolitan Council <br /> <br /> <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