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Item 06A Page 2 of 3 The Mounds View Vision A Thriving Desirable Community Tiny House (one house on one lot) Detached Tiny Homes are an option for affordable housing (similar to manufactured homes). There are a number of vacant landlocked lots, publicly and privately owned, which could be developed if the density justified the cost of building streets, sewer, and water. Within the R-5 (Mobile Home) district, a new development (plat) may be approved by the City Council. Each home must be a minimum 320 sq ft in size.4 Each lot must be a minimum of 45’ X 110’, with street frontage; 30’ front yard setback; 10’ setback in- between homes, and one off-street parking stall.5 A new Manufactured Home Park requires a minimum of two homes. Although the R-5 district is intended for “mobile” homes, it is applicable to YardHomes as well. Affordable Housing: The Metropolitan Council assigns each community an Allocation of Need for Affordable Housing to be included in the Comprehensive Plan. After The Villas of Mounds View, 4889 Old Highway 8, is completed (fall 2023), there will still be a need for affordable housing primarily at the <30% AMI level (AMI = Area Median Income). Generally, these are household incomes of $22,000 - $36,000. Minimum wage ($10.33 p/hr) income is about $21,000 for a 40 hour/week job). The median gross rent in Mounds View is $928.6 The Villas planned rent will vary between $590 (1- bedroom) and $1,636 (3-bedrooms). Villas of Mounds View Additional units required in Mounds View by 20407 Additional units required by 2040, after Villas of Mounds View 1 bed 2 bed 3 bed - - < 30% of AMI 3 - - 27 24 31% - 50% of AMI 65 43 - 11 0 51% - 80% of AMI - 1 8 21 12 TOTAL 68 44 8 59 36 120 If YardHomes is an affordable option, then a development of tiny homes could be an alternative to building additional affordable apartments, or an expansion of an existing manufactured home park, and could satisfy the 2040 Comprehensive Plan housing goals.8 Strategic Plan Strategy/Goal: Continue BR&E program, maximize utilization of development space and current list of available sites, encourage land owners to maintain their properties, & consider residential redevelopment. Financial Impact: N/A 4 City Code §151.002 (Definitions; Manufactured Home) 5 City Code §160.149 (Mobile Home and Manufactured Home Park Development) 6 US Census Bureau, 2015-2019 American Community Survey 7 Mounds View Comprehensive Plan, Table 3-7 (Housing Allocation by Income). In 2019 (after calculations were made), Boulevard Apartments was completed, including 4 units < 30% AMI, and 56 units < 60% AMI. 8 Mounds View 2040 Comprehensive Plan; Housing Policies; Goal 3: “Support a mix of housing types reflective of the needs and desires of the community”