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Attachment J. Roseville Affordable Housing Metropolitan Council Ownership and Rent Affordability Limits 2011 The Metropolitan (Met) Council's definition of "affordable housing"' represents the upper limit of monthly rents and home-purchase prices for housing referred to in Framework policy as affordable to low- and moderate-income families. These income limits for determining affordability have been a part of the foundation for goals negotiations and monitoring of goals progress with Livable Communities Act (LCA) participating cities since 1995, and have been the basis for counting all new affordable units in the housing stock, i.e.,, all new publicly-assisted and market rate units affordable to low-and-moderate income households. For units constructed in 2011 and beyond, the Met Council is using a consistent income limit of what a family of four with an income at or below 60 percent of area median income (ANTI) can afford to pay in monthly housing costs for either rental housing or I mortgage costs (including principal, interest, property taxes and homes insurance). Area Median Income for a family of four for 2011 in the Minneapolis-St. Paul Metropolitan Area is $,82,700. The median income for 60% of the area median income is $49,00 and the median income for 30% or the area median income is $,24,,800. This yields an affordable purchase price of $,160,250 and $,72,800 respectively for 2011. Affordable Rents are defined below for the Minneapolis-St. Paul Metropolitan Area. Ownership in Roseville The Ramsey County Assessors office filed a report dated March 18, 2011 that is available online which provides the following information for values of residential properties in Ramsey County for 2010 is as follows.- Roseville has 10,970 residential parcels with a median value of $,204,300 and an average value of $209,903. The county breaks out the follow three types of ownership values.- 1. Single family homes 8,511 parcels with a median value of $,214,200 and an average value of $,231,055. 2011 RENTAL HOUISING Bedroom size: Monthly gross Monthly gross Monthly ggross rent including rent including rent iiiduding tenaint-paid tenant-paid tetiatit-paid titilities" utilities, utilities, affordable at 30 affordable at 50 affordable at 60 percent of area Ip ercem of area Iper cent of area median I inicomeg niedian incomeR niedian inconte Eff idency $435 $723 X870 1 bedrootn $4,65 $775 $930 2 bech-loo ms $,5,58 $931 $lJ16 3 bedroonis $,645 51,075 $1f290 4 berm orns $,720 $10200 $ i f , Ownership in Roseville The Ramsey County Assessors office filed a report dated March 18, 2011 that is available online which provides the following information for values of residential properties in Ramsey County for 2010 is as follows.- Roseville has 10,970 residential parcels with a median value of $,204,300 and an average value of $209,903. The county breaks out the follow three types of ownership values.- 1. Single family homes 8,511 parcels with a median value of $,214,200 and an average value of $,231,055.