2005-09-28 CC Packet - Laserfiche WebLink

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Affordability and Diversification o to 8 points I. Municipalities are ranked according to the percent of their owner-occupied housing (homesteads) with an assessed valuation equal to or lower than an amount affordable to households at 80 percent of area median income, and their total number of mobile homes. .. n-O-to-8points-~2-. M\lIlicipalitiesare rank-ea aeeeffiing-te-tfte-pcrecnt of-theirtotal-housing stock that is comprised of rental units affordable to households of low- and moderate-income (50 percent of area median income or less). This includes all federally subsidized rental units - public housing, Section 8 housing, units subsidized by the U.S. Department of Agriculture, units developed with the use of low-income housing tax credits, units developed with the assistance of MHF A, the LCA Fund or the assistance of a local fiscal tool or housing finance initiative. o to 8 points 3. Municipalities are ranked according to the percent of their housing stock that is comprised of units that are not single family detached units developed in the typical detached housing site plan approach. These units may include twinhomes, quads, apartments, townhomes, condominiums, detached townhomes, mobile homes, and units developed with a zero-lot line. o to 10 points 4. Municipalities are ranked according to the percent of net units added to their housing stock that are affordable - both ownership and rental since the Council began monitoring in 1996. These "new" units may include units that haye been "preserved" as affordable for a definitive period of ~e because of public or private re-investmentto retain their affordability. ("Net units" means that affordable habitable units, not including units on land with a property tax classification of 4C, removed as the result of a city initiative will be subtracted [rom the total new affordable units.) o to 3 points 5. Housing for special needs Municipalities are awarded up to three points for the following types of special housing within their jurisdiction: · Housing for which federal, state, county or local funds or those of a non-profit organization have been used to purchase and operate residential units or provide licensed housing that is not for the purposes of incarceration, but as a transitional placement of adult offenders or adjudicated delinquents . A publicly subsidized or non-profit group home licensed by the Department of Health or Department of Human Services which provides temporary or permanent housing for the physically handicapped, mentally ill, developmentally disabled or chemically dependent 6