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06-24-1999
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06-24-1999
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8/20/2018 5:36:36 AM
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MV EDC
EDC Document Type
Council Packets
Date
6/24/1999
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Future Housing Needs <br /> • <br /> METROPOLITAN LIVABLE COMMUNITIES ACT PROGRAM <br /> The City of Mounds View participates in the Metropolitan Livable Communities Act Local Housing <br /> Incentives Account. To carry out the principles of this program,the City of Mounds View agrees to use <br /> the benchmark indicators for communities of similar location and stage of development as affordable and <br /> life-cycle housing goals for the period to 2010.The City will make its best efforts, given market <br /> conditions and resource availability,to maintain an index within benchmark ranges for affordability, life- <br /> cycle and density. Table_illustrates where Mounds View stands in relation to Metropolitan Council <br /> bechmarks. The City of Mounds View currently meets or exceeds all goals expected by the Metropolitan <br /> Council. • <br /> CITY INDEX BENCHMARK GOAL <br /> AFFORDABILITY <br /> Ownership 89% 69- 87% <br /> Rental 54 % 35 - 59% <br /> LIFE- CYCLE <br /> • Type(Non-single 43 % 33 - 35 <br /> family detached) <br /> Owner/Rental Mix 67/33 % 75 /25 % <br /> DENSITY <br /> Single-Family 2.3 /acre 1.9-2.3 /acre <br /> Detached <br /> Multifamily 12/acre 10- 13 /acre <br /> * Benchmarks met or exceeded <br /> It is a goal of Mounds View to continue to meet or exceed these benchmarks while attempting to improve <br /> the overall housing quality of the City. With an aging housing stock, lower valued homes, and lower <br /> income families the City will continue to have to address substandard housing. It is the goal of the City to <br /> address housing issues now before they become a bigger problem. <br /> 111 <br />
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