01/13/2016 P&Z Packet - Laserfiche WebLink

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2 Edge communities are expected to target opportunities for more intensive development near regional transit investments at densities and in a manner articulated in the 2040 Transportation Policy Plan. Forecasts Thrive 2040 forecasts for Lino Lakes’ population, households and employment are: 2010 (actual) 2014 (est.) 2020 2030 2040 Population 20,216 21,129 22,800 26,900 31,100 Households 6,174 6,374 7,300 9,000 10,600 Employment 3,313 3,944 4,700 5,300 6,000 The following chart compares the City’s current 2030 Comprehensive Plan projections with Thrive 2040. Comp Plan Thrive 2030 2040 Difference Population 30,700 31,100 +400 Households 10,600 10,600 0 Employment 8,000 6,000 -2,000 When compared to 2030, Thrive 2040 population projections increase only 400 persons and there is no increase in the number of households. Employment projections decrease by 2,000. Housing Policy Plan Communities are required to include a housing element and implementation program in their comprehensive plan updates that address existing and projected housing needs. Housing needs include affordable housing. The Housing Policy Plan defines affordable housing as housing that is affordable to low-and-moderate income families. For 2015, the affordability limit is 80% of the area median income (AMI) for both rental and ownership housing. In 2015, the area median income for a household of four is $86,600. Under these limits, a family of four can earn up to $65,800 to qualify for affordable housing. Per the System Statement, Lino Lakes’ share of the region’s need for low and moderate income housing for the decade of 2021-2030 is 515 new units affordable to households earning 80% of area median income (AMI) or below. In comparison, the Met Council’s goal for 2011-2020 was 560 units.