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<br /> I <br /> 2~ .-.,... .1 <br /> - I <br /> ~~ I <br /> I <br /> - <br /> , ....,. I <br /> HousingGoals and Benchmarks <br /> How to Use the Index . <br /> Preparing Action Plans <br /> The agreed-upon goals should be considered in the preparatiDn of aetion plans by a community. The I <br /> action plan should be based on a comparison of its index tD the benchmarks for each of the six measures <br /> across the three categories (affordability, life-cycle and density). There are three possible situations for I <br /> each measure: the index is lower than the benchmark range, within the benchmark range, or above the <br /> benchmark range. -I <br /> In eaeh case where an index is below the benchmark range, the city's action plan should set forth imple- <br /> mentation aetivities that will help it move towards the benchmark. For example, if a city has multifamily I <br /> housing density that is below the benchmark range, it should consider actiDns such as increasing the <br /> density allowed in future develDpment, imposing a minimum density standard, and/or creating incentives <br /> to encourage higher density development, such as density bonuses in a Planned Unit Development Ordi- . <br /> nance. <br /> If an index is within the benchmark range, the city should plan actions to maintain its position within the I <br /> range. For example, if a city has an owner/renter mix that is within the benchmark range its plan might be <br /> a review of land use plans for future development to assure there is sufficient land for development of the <br /> types of housing that would keep the city within the range. I <br /> If an index is above the benchmark range, the city's objecti ve should be to stay within the range. For <br /> example, if a eity has a percentage of single family housing valued below $1 15,000 that is above its I <br /> benchmark range, it can increase the amount of higher priced housing in the commuity as long as it does <br /> not result in the affordable ownership percent falling below the benchmarks. I <br /> . <br /> goals,pm5 8.16/95 -. <br /> - <br /> j <br /> -------- <br />