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DRAFT March 2006 Appendix H Housing Strategies Explored I. Program targeted to help "hard working" young families with lower incomes by working with the Minnesota Housing Finance Agency (MHFA) I st time home - buyers program, Section 8, and/or Habitat for Humanity. 2. Explore opportunities with a major employer to develop a mixed -use develop- ment, including housing, for lower income workers. For example, a retailer might include housing on an upper level or elsewhere on the property. 3. Mandatory incluslonary^zoning with "carrots" such as a. density bonuses; b. TIF or tax abatement for gap funding; c. Fee waivers, building permit fee waivers 4. Update the land use section of Edina's Comprehensive Plan to include long-term redevelopment of Edina's office and industrial park into mixed -use development, including housing. 5. Community Land Trust. 6. Employer down payment assistance (or other employer -based program, e.g. United Way/Bremer Model, closing cost assistance, mortgage assistance). 7. Use Southdale area as a case study for "healthy community design," including fea- tures such as life cycle housing, sustainable design in all new buildings (i.e. green roofs, etc), pedestrian -friendly environment, innovative public transportation (perhaps a personal rapid transit experiment) S. Remodeling assistance for seniors with incentives (perhaps low interest loans, tax relief, in home care "discounts" or tax credits) and a design center to promote universal design, allowing seniors to safely stay in the home while preserving homes that would be attainable for young families. 9. City of Edina real estate tax policy changes so homes remodeled (either for sen- iors or to provide affordable rental properties) have taxes waived on the in- creased market value (either until sale of the home or for 30 years). For example, properties of seniors who remodel homes would increase in value but their taxes on that increased value would not. 10. Education and communication efforts encouraging baby boomers to financially plan for their own long-term care needs. 1 I . Housing resource center for anyone wishing to remodel/rehab homes. The Cen- ter would promote universal design (and could include incentives such as low in- terest loans, etc). 12. Association fee relief for condominium buyers. 13. Transit -oriented development at location of bus garage and public works facility. 14. Further Edina efforts to obtain state grants to develop semi -formal city/ neighborhood partnerships that support seniors and their families with the goal of preventing crises that lead to hospitalization/nursing home placement. 15, Zoning that would allow granny Flats, etc.