11-06-2019 Workshop & Council Packets

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Here is an outline of the key steps required: • City passes a resolution acknowledging housing goals and committing to sending the Metropolitan Council a housing action plan • City submits a housing action plan by June 30, 2020 (Typically using elements from the housing and implementation chapters in the City’s 2030 Comprehensive Plan) • The Metropolitan Council will hold a public hearing after receiving the city resolution by November 15, 2019. • The Metropolitan Council adopts an updated list of participating communities housing goals, adding Little Canada. Affordable Housing Goal The City of Little Canada’s 2030 Comprehensive Plan Update acknowledged its final allocation of affordable housing need as 71 units (see excerpt below). When determining the number of units to meet the regional affordable housing need, communities with a higher share of existing affordable housing than the regional average had their final allocation adjusted downward. In contrast, communities with lower share of existing affordable housing had their final allocation adjusted upward. Thus, the number of units identified as needed does consider a community’s existing affordable housing stock. Although the Metropolitan Council forecasted the future need for this total number of new affordable units over the 2010-2020 decade, it also acknowledged the reality of limited funding available to create new affordable housing opportunities. For this reason, the Council asks the City establish its LCA affordable housing goal, for the 2011-2020 decade, as a range of 46 units to 71 units. The low end of the range represents the number of units that can be accomplished at estimated 2011-2020 funding levels region-wide given the expected amount of targeted funding available. Life-Cycle Housing Goal Similarly, the Metropolitan Council also requests the city to set a life-cycle housing goal to diversify the type and density of housing to meet residents’ changing housing needs and preferences. In your case, the Metropolitan Council asks the City to establish a goal range of 71 to 154 units for the 2011 to 2020 decade. The low end of the range represents the community’s total share of the region’s affordable housing need (described above) and the high end of the range is the potential number of units permitted by the land use guiding in the City’s 2030 Plan Update for medium, high, mixed use, redevelopment, or the total forecasted household growth for the community to 2020, whichever number is less. Local Funding Contribution - Affordable and Life-Cycle Housing Opportunity Amount (ALHOA) Little Canada’s 2019 ALHOA is $39,031. To fulfil LCA requirements for ALHOA, Little Canada must spend at least 85% of that amount, or $33,176 on creating opportunities for affordable housing. For example, the city contribution could include: • Staff salary for time spent administering affordable housing programs (as long as it is not reimbursed by a grant or a pass-through funding resource) • Staff or consultant time working on site assembly or affordable housing development activities, researching/preparing affordable housing policies, or other activities that directly support affordable housing efforts. • Lost tax increment for an existing Housing TIF District that included affordable housing, Little Canada Comprehensive Plan Excerpt: