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City of Mounds View Comprehensive Plan <br />________________________________________________________________________ <br /> <br /> <br /> <br />49 <br />Vacancy Rates <br /> <br />Vacancy rates are low. There is one vacant four-plex and no vacant single-family dwellings. The <br />multiple family vacancy rate is approximately 1.5%. <br /> <br />Subsidized Housing <br /> <br />There are currently 241 subsidized rental units in Mounds View. Subsidized units comprise 16 <br />percent of the total rental units in Mounds View. The following is a listing and type of the <br />subsidized units in Mounds View: <br /> <br />Housing Assistance <br /> <br />Section 8 Vouchers: 75 multi and single family Metro HRA Section 8 Units (city wide) <br /> <br />Housing Development <br /> <br />Low Income Housing Tax Credits <br />Silver Lake Pointe: 76 unit senior housing complex <br />Silver Lake Commons: 50 Apartment/Townhome units <br /> <br />Section 202 <br />Wildwood Manor: 40 unit senior housing complex. <br /> <br />Affordable Housing <br /> <br />As can be seen from Table 14 on page 51, 31 % of the housing units in Mounds View are affordable <br />according to the 1990 Census. Mounds View has the fifth highest ranking of all the communities in <br />Ramsey County. Mounds View’s percentage of affordable units is higher than the region as a whole <br />but less than Ramsey County as a whole. <br /> <br />Table 15 on page 52 shows statistics provided by the Metropolitan Council relating to several <br />housing indicators. The table compares Mounds View to the fully developed area as well as the <br />suburban communities in the sector north of St. Paul. These statistics show that Mounds View <br />exceeds the fully developed area and the sector for percentage of housing affordable to low income <br />families, percentage of homestead valuations under $115,000, and for percentage of rental units with <br />gross rents under $500 a month.