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11-03-2010
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11-03-2010
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MV City Council
City Council Document Type
City Council Packets
Date
11/3/2010
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Goal 2: Maintain and upgrade the existing housing stock of the City. <br /> <br /> The City will encourage and assist residential property owners to apply for housing <br />rehabilitation assistance through the Housing Resource Center, Ramsey County, or the <br />Metropolitan Council. <br /> <br /> The City may consider establishing a revolving loan fund for citizens of Mounds View to <br />use for single-family housing rehabilitation. <br /> <br />Goal 3: Administer housing programs in an efficient and cost effective <br />manner. <br /> <br /> Use the city newsletter, local news median and the city website to inform residents of <br />housing program availability. <br /> <br /> Continue partnerships with non-profits and government agencies such as the <br />Metropolitan Council and Ramsey County that administer life cycle and affordable <br />housing programs. <br /> <br /> <br />Goal 4: Encourage residential infill and redevelopment that supports the <br />City’s housing goals and maintains residential character. <br /> <br /> The City should encourage a mix of densities and housing types in the County Highway <br />10 corridor to help accommodate additional housing. <br /> <br /> <br />Housing Type <br /> <br />There are 5,267 dwelling units in Mounds View, with 1,601 units being rental housing (2008). <br />The majority of Mounds View’s housing stock is owner-occupied single-family dwellings <br />(52%). Apartments make up 29% of the housing stock. Manufactured homes comprise 11% of <br />the total dwelling units, which exceeds the overall Ramsey County percentage of 3%. Overall, <br />70% of the housing in Mounds View is owner-occupied while 30% is rental. <br /> <br />Housing Value <br /> <br />According to 2008 Ramsey County Assessor’s office data, the median value for all Ramsey <br />County single-family residential properties was $200,200 in 2007 and $195,900 in 2008. The <br />median value for Mounds View single-family homes was $208,350 in 2007 and $199,200 in <br />2008. The median value in Ramsey County suburbs was $236,200 in 2007 and $224,600 in <br />2008. Suburban Ramsey County median residential values dropped by an average of 4.9%, <br />while Mounds View values only dropped by 2.15%. <br /> <br /> 3
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