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<br />City of Mounds View <br />Inclusionary Zoning Policy <br />1. Purpose and Findings. The City’s Inclusionary Zoning Policy (referred to as “the Policy” or “this <br />Policy”) promotes high quality housing located in the community for households with a variety of <br />income levels, ages and sizes to meet the City's goal of preserving and promoting economically <br />diverse housing options in our community. The city recognizes the need to provide housing that is <br />affordable to households with a broad range of income levels to maintain a diverse population <br />and to provide housing for those who live, work, and play in the city. Without intervention, the <br />trend toward rising housing prices in new developments will continue to increase. As a result, this <br />Policy is being adopted to ensure that a reasonable proportion of new development includes units <br />affordable to low- and moderate-income households and working families. The requirements set <br />forth in this Policy further the goals in the City’s Comprehensive Plan and Strategic Plan to create <br />and preserve affordable housing opportunities. These requirements are intended to provide a <br />structure for participation by both the public and private sectors in the production of affordable <br />housing. <br />2. Applicability. <br />a. This Policy shall apply to the following projects within the city: <br />i. Development of a new multiple dwelling use (as defined in Section 160.012 of <br />the city code) that contains ten (10) or more dwellings/units for rent. <br />ii. Renovation or Reconstruction of an existing multiple dwelling use (as defined in <br />Section 160.012 of the city code) that contains ten (10) or more dwellings/units <br />for rent or sale. <br />b. This Policy shall not apply to the following projects within the city: <br />i. Development of Mobile Home Courts or Mobile Home Park use, or Nursing <br />Homes and Senior Congregate living use (all as defined in Section 160.012 of <br />the city code). <br />ii. Renovation or Reconstruction of an existing Mobile Home Courts or Mobile <br />Home Park use, or Nursing Homes and Senior Congregate living use (all as <br />defined in Section 160.012 of the city code). <br />iii. Development, or renovation or reconstruction, of single-family dwellings, <br />townhouses, or cooperative housing uses (all as defined in Section 160.012 of <br />the city code). <br />iv. Development, or renovation or reconstruction, of a building that includes a <br />combination of residential and non-residential uses (all as defined in Section <br />160.012 of the city code). <br />v. Development, or renovation or reconstruction, which does not fall under the <br />criteria as outlined in Section 2(a) of this Policy as determined by the City <br />Administrator. <br />3. Affordable Units. Applicable projects shall provide dwelling units at the following affordability <br />levels. The affordable dwelling units shall be located within the development. For developments <br />with multiple buildings the affordable dwelling units shall not all be located within a separate <br />building. <br />a. Rental <br />i. 10% of units at 30% AMI, and 10% of units at 50% AMI; or <br />ii. A combination of units at the above affordability levels that results in 20% of units <br />being affordable. <br />b. Ownership <br />i. 10% of units at 80% AMI, and 10% of units at 100% AMI; or <br />ii. A combination of units at the above affordability levels that results in 20% of units <br />being affordable. <br />4. Length. In developments subject to this Policy, the period of affordability for the affordable <br />dwelling units shall be at least twenty-five (25) years.