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Centerville 2040 Chapter 4: Housing <br /> /A.FFORDABLE I IOUSING <br /> Based on their analysis, the Metropolitan Council's new affordable housing goal for <br /> Centerville is to create 14 new affordable housing units between 2021 and 2030. TABLE 31 <br /> describes the affordable housing need allocation by percentage of area median income <br /> (AMI). <br /> Need for units affordable to Need for units affordable to Need for units affordable to <br /> households with income at households with income households with 51% to <br /> or below 30%AMI 31% to 50% AMI 80% AMI <br /> 9 4 1 <br /> The Metropolitan Council considers any housing development more than eight <br /> units per acre to qualify as affordable housing. Based on ThriveMSP 2040 <br /> allocations, Centerville has a total affordable housing allocation of 14 units. Table <br /> 22 identifies the area median income (AMI) distribution of that affordable housing <br /> allocation. The high density residential and central business district/mixed use <br /> districts have a minimum density of twelve units per acre which qualify as <br /> affordable housing as they exceed the eight units per acre minimum. <br /> Based on the City's development phasing plan (Map 4-3) it is anticipated that 7.54 <br /> acres of CBD/Mixed use land will develop by 2030. Land guided CBD/Mixed Use <br /> are required to develop with a minimum 25% residential. Based on that residential <br /> percentage, of the 7.54 acres of developed CBD/Mixed Use land, 1.89 acres will <br /> be residential development. That will result in a midpoint of 39 affordable housing <br /> units constructed by 2030 which exceeds the City's 2030 affordable housing <br /> allocation of 14 units. <br /> While the City is doing their part in creating a regulatory land use plan to plan for <br /> areas of density greater than 3-15 du/acre for medium, 12-30 du/acre for mixed <br /> use and 12-25 du/acre for high density units where most affordable housing will <br /> occur. Barriers to development of affordable housing still exist in the region as well <br /> as in Centerville. Some of these barriers are beyond the City's control including: <br /> 0 Steady increases in land prices. <br /> ......................................................................................................... <br /> Chapter 4 1 Page 9 <br /> 27 <br />