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Item No: 8B Meeting Date: August 9, 2010 Type of Business: Consent Administrator Review: ________ City of Mounds View Staff Report To: Honorable Mayor and City Council From: Heidi Heller, Planning Associate Item Title/Subject: Resolution 7654, Continue Participation in the Metropolitan Livable Communities Act Local Incentives Account for 2011 through 2020 Introduction: The City of Mounds View previously chose to be a participant in the Metropolitan Livable Communities Act Local Housing Incentives Account (LCA LHIA). Participation in the voluntary LCA LHIA program provides the City with the opportunity to compete for grants and loans to support activities that help the City meet its affordable and life cycle housing goals, clean up polluted sites, and support demonstration projects linking jobs, housing and transit. The City’s previously adopted LCA LHIA affordable and life cycle housing goals were negotiated with the Metropolitan Council for the period 1996-2010. If the City wants to continue to participate in the LCA, then we must now establish new affordable and life-cycle housing goals for the next decade (2011 through 2020). Discussion: As part of the recently completed 2030 Comprehensive Plan Update, the City acknowledged its fair share of the region’s affordable housing need. For Mounds View, the fair share number is 81 additional units over the next 10 years. Although the Metropolitan Council fully supports the need for this total number of new affordable units over the next decade, they also acknowledge the reality of limited funding and opportunities available to create new affordable housing. For this reason, the Metropolitan Council is asking the City to establish its LCA affordable housing goal as a range of 53 to 81 units for the period 2001 to 2020 with the low end of the range representing the number of units that can be accomplished at currently available funding levels region-wide. Regarding the City’s life-cycle housing goal to diversify the type and density of housing to meet residents’ changing housing needs and preferences, the Metropolitan Council is asking the City to establish a goal range of 80 to 200 units over the next decade. The low end of the range represents the City’s total share of the region’s affordable housing need, and the high end is the potential number of units permitted by the land use designations in the City’s 2030 Comprehensive Plan Update for medium, high and mixed-use residential development, or the total forecasted household growth for the Community to 2020, whichever is less. The 2010 estimated number of households in Mounds View is 5,400, and in the year 2020, that number is estimated to be 5,600 – an increase of 200 households (page 2-5 in the 2008 Comprehensive Plan Update). The potential number of units permitted by medium, high and mixed-use land use designations in the Comprehensive Plan Update is a minimum of 132 units (page 3-27 in the2008 Comprehensive Plan Update).