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30 | Page <br />City of Little Canada Housing Study - 2025 <br />Approximately 50% of housing in Little Canada is affordable for households earning 60% AMI <br />or less, a higher share than all reference communities except North St. Paul and a greater <br />proportion than across the Twin Cities Metro housing stock. <br />Figure 32 – Percent of Housing Affordable to Residents Making 60% AMI or Less <br /> <br />Source – Metropolitan Council Existing Housing Assessment Data <br />The high cost-burden rate despite lower housing costs suggests that many Little Canada residents <br />are lower earners, helping to explain the city’s median income levels (Figure 6). <br /> <br />Little Canada currently has two existing and two upcoming income-restricted apartment <br />complexes, which will bring the total number of income-restricted units to 504 once completed. <br />Figure 33 – Apartment Complexes in Little Canada by Posted Rents <br />Complex Units <br />Posted 2-Bed <br />Rent <br />Rent at or <br />below 60% <br />AMI? <br />Age <br />Restrictions? <br />Provinces 118 Income Restricted <br />Income <br />Restricted / <br />Yes <br />LICA and LITMORE 120 <br />Income Restricted <br />(60% AMI) <br />Income <br />Restricted <br />(60% AMI) <br />RIDE (Forthcoming <br />Development) 160 <br />Income Restricted <br />(60% AMI) <br />Income <br />Restricted <br />(60% AMI) 99 Co Rd B <br />(Forthcoming <br />Development) 106 <br />Proposed to be <br />Income Restricted <br />Proposed to be <br />Income <br />Restricted Yes <br />Quebec Apartments 41 $1,100 <br />Yes - Below <br />50% AMI <br />Montreal Courts 444 $1,300 <br />Yes - Below <br />50% AMI <br />25.64% <br />51.71%49.67%55.37% <br />42.39%37.32% <br />27.20% <br />36.87%38.16% <br />31.30%35.94% <br />0.00% <br />10.00% <br />20.00% <br />30.00% <br />40.00% <br />50.00% <br />60.00%