2026-007 - Laserfiche WebLink

Home Browse Search

2. On-site parking shall be provided (either surface or enclosed) for affordable units and shall be included within the affordable sales price and/or affordable rent. At least one enclosed parking stall shall be included in the purchase price of an affordable for-sale unit in the same manner as offered to buyers market-rate units. 3. For ownership housing(condominiums, townhomes/twin homes, duplexes, triplexes, rowhouses, and four-plexes), at least 10%of units shall be affordable to households at or below 110% of AMI, including any related and required association or management fees. B. Naturally Occurring Affordable Housing (NOAH) Replacement Requirement. If a development demolishes or converts NOAH units, the new development must replace those units at a minimum rate of 20% of total units affordable at 60% AMI. Replacement units shall be comparable in bedroom count and total bedroom square footage to the demolished units. C. Integration and Design Standards 1. Distribution and Integration. Affordable units: a. Shall be distributed throughout the development and not concentrated in any single building, floor, or section. b. Shall be proportionately distributed across all unit types (studio, 1- bedroom, 2-bedroom, 3-bedroom, etc.). c. Shall be indistinguishable from market-rate units in terms of exterior appearance and quality of construction. d. May be either"fixed" or"floating." Fixed units are those identified by unit number and never change. Floating units mange over time as long as the total number of units and any pecific quantity of bedroom sizes or total square footage in the property remains compliant with the original Development Agreement. 2. Comparable Quality. Affordable units shall: a. Have the same design, materials, and construction quality as market-rate units. b. Have comparable square footage and room sizes to market-rate units of the same bedroom count. c. Have comparable furniture, fixtures and equipment to market-rate units. d. Have access to the same amenities, facilities, and services as market-rate units. e. Have proportional access to parking, including both surface and enclosed parking if available. Subd. 7 Affordability Controls A. Rent Limits. Maximum rent for affordable units, including utilities,parking and all mandatory fees, shall not exceed 30% of the applicable AMI level adjusted for household size and bedroom count. Rent limits shall be based on Metro HRA Small Area Fair Market Rents or Minnesota Housing income limits, whichever is more restrictive. B. Rental affordable dwelling units shall be rented only to income eligible families during the period of affordability. A household that was income eligible at initial Page 4of8