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City of Arden Hills – 2040 Comprehensive Plan Approved:, 2018 7-12 affordable at 30% AMI and below. There are approximately 500 households with incomes between 50% and 80% AMI and there are only 216 housing units available that are affordable to households with between 50% and 80% AMI. Since there are only 154 cost burdened households with incomes between 50% and 80% AMI, that would seem to indicate that 130 households with incomes between 50% and 80% AMI living in housing units that are affordable to households with incomes less than 50% AMI or below. In summary, Arden Hills’ existing housing stock is adequate to address the needs of households with incomes between 30% and 50% AMI and incomes below 30% AMI. Arden Hills should encourage the development of additional housing units affordable to households with incomes between 50% and 80%, such as owner occupied townhome units, and therefore free up the existing housing units affordable to households with incomes between 30% and 50% AMI and incomes below 30% AMI. TABLE 7.7 - 2015 AFFORDABLE HOUSING UNITS Affordability Owner Occupied1 Rental Total2 30% AMI and Below 21 350 371 30% to 50% AMI 252 131 383 50% to 80% AMI 480 279 759 Source 1: Ramsey County 2015 Source 2: Metropolitan Council 2015 Housing Stock Estimates AMI = Area Median Income TABLE 7.8 - 2015 COST BURDENED HOUSEHOLDS & AFFORDABLE HOUSING NEED ALLOCATION AMI Percentage Cost Burdened Households1 Current Affordable Housing Units2 30% AMI and Below 237 317 30% to 50% AMI 149 383 50% to 80% AMI 154 216 Total 540 916 Source 1: U.S. Department of Housing and Urban Development 2009-2013 Comprehensive Housing Affordability Strategy Source 2: Metropolitan Council Dr a f t 11 / 0 1 / 2 0 1 7