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2 <br /> <br /> <br />CAUSE means the tenant or a member of the tenant's household materially <br />violated a term of the lease or violated a provision of the crime-free, drug-free, or <br />disorderly use lease requirements of this chapter. <br />TENANT PROTECTION PERIOD means the period that commences on the date <br />when a real estate closing transfers ownership of an affordable housing building and <br />runs through the end of the three calendar months following the month in which written <br />notice of the transfer is sent to each affordable housing unit tenant pursuant to this <br />article. <br /> <br />SECTION 2. The City Council of the City of Mounds View hereby amends Title XI, <br />Chapter 119 of the Mounds View Municipal Code by adding the following section 119.008- <br />119.xyz as follows: <br /> <br />AFFORDABLE HOUSING POLICY <br />119.08 AFFORDABLE HOUSING REQUIREMENTSPURPOSE AND FINDINGS <br /> <br />For The city’s Affordable Housing Policy (referred to in this Chapter as “the Policy” or “this <br />Policy”) promotes high quality housing located in the community for households with a <br />variety of income levels, ages, and sizes to meet the city's goal of preserving and <br />promoting economically diverse housing options in our community. The city recognizes <br />the need to provide housing that is affordable to households with a broad range of income <br />levels to maintain a diverse population and to provide housing for those who live, work, <br />and play in the city. Without intervention, the trend toward rising housing prices in new <br />developments will continue to increase. As a result, this Policy is being adopted to ensure <br />that a reasonable proportion of new development includes units affordable to low - and <br />moderate-income households and working families. The requirements set forth in this <br />Policy further the goals in the city’s Comprehensive Plan and Strategic Plan to create and <br />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 <br />affordable housing.newly constructed, converted, or infill multi-family, co-living or <br />townhome residential developments with 20 or more newly created dwelling or co -living <br />units, at least 8% of the newly created units must be affordable to households at or below <br />60% of AMI. <br /> <br />119.09 APPLICABILITY <br /> <br />(A) This Policy shall apply to the following projects within the city: <br />(1) Development of a new multiple dwelling use (as defined in Section 160.012 <br />of the city code) that contains ten (10) or more dwellings/units for rent. <br />(2) Renovation or Reconstruction of an existing multiple dwelling use (as <br />defined in Section 160.012 of the city code) that contains ten (10) or more <br />dwellings/units for rent. <br />(B) This Policy shall not apply to the following projects within the city: