04-07-1997 WS - Laserfiche WebLink

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GOALS - To carry out the above housing principles,the City of Mounds View agrees to use benchmark indicators for communities of similar location and stage of development as affordable and life-cycle housing goals for the period 1996 to 2010,and to make its best efforts, given market conditions and resource availability,to maintain an index within the benchmark ranges for affordability,life-cycle and density. III CITY INDEX BENCHMARK GOAL Affordability Ownership 89% 69-87% I * . Rental 54% 35-59% * Life-Cycle Type(Non-single family 43% 33-35% * detached) . Owner/rental Mix I 67/33% (75)/(25)% I * Density . Single-Family Detached 2.3/acre I 1.9-2.3/acre * Multifamily I2/acre I 10-13/acre * To achieve the above goals,the City of Mounds View elects to participate in the Metropolitan Livable Communities Act Local Housing incentives Program,and will prepare and submit a plan to the Metropolitan Council by-June 30, 1996,indicating the actions it will take to carry out the above goals. ID *The City of Mounds View currenly meets or exceeds all goals expected by the Metropolitan Council Our concern is to continue to provide the level of affordable housing but improve the quality of the property. With an aging housing stock, we continue to face houses that are substandard. As you can see, with the combination of our aging housing stock, lower valued houses and lower income families, we are concerned about the condition of the housing stock in years to come. It is Mounds View's goal to attempt to address the housing issues now before they become a bigger problem. Housing Programs Listed below are the programs currently offered within the City of Mounds View and programs which we anticipate in the future. Housing Assistance A number of programs provide renter assistance and below-market rate home mortgage 0 programs. Listed below are those programs currently offered for residents in the City of Mounds 10