Agenda Packets - 2020/11/09 - Laserfiche WebLink

Home Browse Search

Item No: 08C Meeting Date: Nov 9, 2020 Type of Business: Council Business - -- - City Administrator Review: MOUNDS VIEW City of Mounds View Staff Report To: Honorable Mayor and City Council From: Jon Sevald, Community Development Director Item Title/Subject: Resolution 9335, Electing to Participate in the Local Housing Incentives Account Program Under the Metropolitan Livable Communities Act Introduction: The Metropolitan Council administers the Livable Communities Act program (LCA), which includes grants to incentivize the creation and preservation of living wage jobs, affordable housing, and implementation of compact and efficient development. To qualify for these grants, developers must partner with cities participating in the LCA program. In order for Mounds View to participate in the LCA program, the city must have adopted a Fair Housing Policy (Resolution 9325), adopt 2021-2030 Housing Goals, and adopt an implementation plan (2040 Comprehensive Plan). Discussion: In 2018, Boulevard Apartments (MWF Properties) received $500,000 in LCA grants for affordable housing. MWF has proposed a 90-unit affordable housing project at the Skyline Motel site. It is likely that MWF will pursue a similar LCA grant in 2021 or 2022 for Skyline. The Resolution includes Affordable Housing Goals and Life -Cycle Housing Goals, for the 2021- 2030 decade. The Metropolitan Council has provided a methodology for calculating both; Affordable housing goals are based on 55% - 100% (32 — 59 units) of the affordable housing "Allocation of Need" assigned by the Metropolitan Council to Mounds View. Life -cycle housing goals are based on a median density of 22.5 units per acre, multiplied by the 10.8 acres guided for multi -family development over the next decade, identified in the 2040 Comprehensive Plan (243 units); OR, the number of new households forecasted by the Metropolitan Council (220), whichever is less. This life -cycle housing goal includes both affordable and market rate multi -family housing.' These goals are intended to be negotiable with the Metropolitan Council. In Staff's opinion, the Metcouncil's methodology is reasonable, thus Staff is not proposing alternative numbers. The Resolution makes three commitments; (1) that the City intends to participate in the LCA program; (2) adoption of the two goals; and (3) establishing a plan to implement these goals. This "plan" is the Comprehensive Plan, and the City's participation in the Metcouncil's annual housing production survey. Strategic Plan Strategy/Goal: Continue community engagement while being sensitive to the changing demographics & their needs and inclusive to all socioeconomic situations. Example: Gray Stone Flats (128-unit market -rate apartments); MWF Properties (90-unit affordable apartments); and Augusta Development (100-unit market -rate assisted living) = 318 units planned for the 2021-2030 decade.