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03-07-18 PC
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03-07-18 PC
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City of Arden Hills – 2040 Comprehensive Plan <br /> <br /> <br />Approved:, 2018 <br />7-14 <br />TABLE 7.10 - 2015 AFFORDABLE HOUSING UNITS AND 2015 HOUSEHOLD INCOME <br />Affordability Total Housing <br />Units1 <br /> <br />Households (Pro-Rated)2 Excess Housing Units <br />30% AMI and Below 318 302 +16 <br />30% to 50% AMI 384 334 +50 <br />50% to 80% AMI 790 500 +290 <br />AMI = Area Median Income <br />Source 1: Metropolitan Council 2015 Housing Stock <br />Source 2: WSB Pro-Rated from U.S. Census Bureau <br /> <br />7.4.2.2 2021-2030 Affordable Housing Allocation <br />Thrive MSP 2040 states that communities must guide a sufficient amount of land <br />at minimum densities to provide opportunities for affordable housing to be <br />developed. Communities have two options to provide this density: Option 1 is to <br />guide sufficient land at a minimum of 8 dwelling units per net acre (du/ac), and <br />Option 2 is to guide sufficient land at a minimum of 12 du/ac for the affordable <br />housing allocation of 50% AMI and below and sufficient land at a minimum of 6 <br />du/ac for the affordable housing allocation between 51% and 80% AMI. Arden <br />Hills has proposed to use Option 2 to achieve the affordable housing allocation. <br />Table 7.11 – 2021-2030 Affordable Housing Allocation <br />Affordability Units <br />At or Below 30% AMI 129 <br />31 to 50% AMI 100 <br />51 to 80% AMI 144 <br />Total Units 373 <br /> <br />In order to ensure that the 50% AMI or below housing need can be met, Arden Hills has <br />15.9 acres guided for Town Center zoning within the TCAAP development. At the <br />minimum density required, this could provide 239 units. <br /> Draft 03/07/2018
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