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ATTACHMENT A <br />Public hearing draft ordinance <br />April 8, 2026 <br /> <br /> <br />A. Maintain a balanced community that provides housing opportunities for <br />households at all income levels. <br />B. Ensure housing opportunities for employees of businesses located in Arden Hills <br />and the surrounding region. <br />C. Implement affordable housing goals and policies contained in the City's <br />Comprehensive Plan. <br />D. Promote economic integration by including affordable units within market-rate <br />developments. <br />E. Create affordable housing without requiring public subsidies or tax increment <br />financing. <br /> <br />Subd. 3 This ordinance is adopted pursuant to: <br />A. Minnesota Statutes § 462.358, subd. 1a, which authorizes municipalities to adopt <br />ordinances for the purpose of increasing the supply of affordable housing using <br />land use mechanisms. <br />B. Minnesota Statutes § 462.358, subd. 11, which authorizes municipalities to enter <br />into agreements requiring affordable housing with established pricing and long- <br />term affordability controls; and <br />C. Minnesota Statutes § 473.859, which requires municipal comprehensive plans to <br />promote creation of affordable housing for low- and moderate-income individuals <br />and families. <br />Subd. 4 Definitions. The following terms shall have the meanings indicated: <br />AFFORDABLE. Housing is affordable when a household pays no more than 30% of <br />gross household income for housing costs, including rent or mortgage payment, utilities, <br />fees, and charges. <br />AFFORDABLE RENTS. The rent and utilities for the affordable housing units will be <br />based on payment standards by Zip code using Small Area Fair Market rents, as <br />established by the Metro HRA or, if applicable, the Multifamily Tax Subsidy Projects <br />(MTSP) Income Limits are used to determine qualification levels as well as set maximum <br />rental rates for projects funded with tax credits or tax exempt housing bonds authorized <br />under the Internal Revenue Code as adjusted annually. <br />AFFORDABLE HOUSING UNIT. A dwelling unit that has income and rent restrictions <br />pursuant to this ordinance to ensure affordability for eligible households. <br />AREA MEDIAN INCOME (AMI). The median household income as most recently <br />determined by the U.S. Department of Housing and Urban Development (HUD) for the <br />Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, <br />adjusted for household size and number of bedrooms. <br />DENSITY BONUS UNIT. A unit as a result of an increase in density permitted above the <br />per acre limit established by the city code <br />DEVELOPMENT. A new residential or mixed-use development, including construction <br />in phases or stages, for which city approvals are being or have been sought.