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Planning Case MU2017-001 <br />April 5, 2017 <br />Page 2 <br />Development Authority (EDA) in the form of adopting a Tax Increment Financing (TIF) <br />district. Once secured, MWF’s intent is to submit applications for a Major Subdivision, <br />and a Development Review. <br /> <br />The 60-unit apartment building will provide affordable workforce housing. Residents will <br />have an income limit of 60% of the Area Median Income1 (AMI), which varies depending <br />on household size. <br /> <br />Household size 1 2 3 4 5 6 7 8 <br />Max HH Income $36,060 $41,220 $46,380 $51,480 $56,620 $59,760 $63,840 $67,980 <br /># of Bedrooms 1 2 3 4 5 6 <br />Max HH Rent $966 $1,159 $1,338 $1,494 $1,647 $1,801 <br /> <br />The Metropolitan Council has identified an “Affordable Housing Need” for each city <br />within the seven-county metro for the years 2021-2030 2. Specific to Mounds View, this <br />includes; 9 units at 51% - 80% AMI; 5 units at 31% - 50% AMI, and 13 units at or below <br />30% AMI. MWF’s project will address a portion of this need. <br /> <br />Analysis <br /> <br />ZONING MAP AMENDMENT: <br />The City is divided into zoning districts in which certain land uses are regulated as a <br />Permitted, Conditionally Permitted, and Interim (temporary) use, according to which <br />zoning district the property is located in. The proposed project is located on four <br />properties. Multi-Family Dwellings are not permitted in the R-1 or B-3 districts, <br />necessitating a rezoning to R-4, where they are conditionally permitted (CUP). <br /> <br />ADDRESS EXISTING <br />USE <br />EXISTING <br />COMP. PLAN <br />PROPOSED <br />COMP. PLAN <br />EXISTING <br />ZONING <br />PROPOSED <br />ZONING <br />7980 Groveland Rd vacant MU-PUD MU-PUD R-4 High <br />Density <br />Residential <br />R-4 High <br />Density <br />Residential <br />2865 Mounds View Blvd Single- <br />Family <br />MU-PUD MU-PUD R-4 High <br />Density <br />Residential <br />R-4 High <br />Density <br />Residential <br />2901 Mounds View Blvd vacant MU-PUD MU-PUD B-3 Highway <br />Business <br />R-4 High <br />Density <br />Residential <br />80XX Groveland Rd <br />(landlocked parcel) <br />vacant MU-PUD MU-PUD R-1 Single- <br />Family <br />Residential <br />R-4 High <br />Density <br />Residential <br /> <br />1 Minnesota Housing Finance Agency, Housing Tax Credits & Tax Exempt Bond Income and Rent Limits, Table 1, P. <br />31 [Ramsey County, effective 03-28-2016]. <br />2 Metropolitan Council, Thrive MSP 2040 Housing Policy Plan, Exhibit 6: Allocations of Affordable Housing Need by <br />Affordability Band for 2021-2030 for All Communities.