PL PACKET 09191995 - Laserfiche WebLink

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CHAPTER 5 HOUSING 108 • there is a cooperative attitude that exists within the City that will work to the benefit of any owner or developer of housing for the elderly 3. Require as a condition of plan approval that non-elderly subsidized housing developments have at least 10% of their units with 3 or more bedrooms. 4. The City will investigate the participation in tax increment financing and tax exempt mortgage revenue bonds to provide affordable housing within the City. 5. Contingent on funding of the program, the City will continue to participate and expand its participation in the Section 8 Rental Assistance Program. MODEST COST HOUSING Rapid increases in the cost of the typical new home have priced most middle income persons out of the new home market. Modest cost housing serves middle income households with annual incomes between $20,350 and $32,400 for a family of four. (The income figures listed are in 1988 dollars and income ranges will vary with household size.) New Brighton has some control over the cost of houses through the zoning and construction requirements it establishes in codes and ordinances. As of 1980, New Brighton had 34.3 percent of its single family houses and 56 percent of its rental units in the modest cost range. Modest cost housing is defined, in 1988 dollars, as houses costing $74,000 and apartments renting for $600-700 per month for a family of four. New Brighton appears to have a slightly lower percentage of its single family homes in the modest cost price range compared to other similar suburban communities in the area. New Brighton's percent of modest cost apartments is considerably higher than that of other suburban communities. Upon recognition of the need for modest cost single family housing in the late 1970's, the community has striven to increase modest cost housing opportunities in the 1980's. First, New Brighton's code requirements for single family homes have been kept relatively free of additional requirements which unnecessarily raise the cost of housing. Second, in 1981, New Brighton created a new zoning district, R-lA that allows for a reduced lot area of 5,000 square feet and a reduced lot width requirement of 40 feet. The new zoning district has spurred development of new single family homes in the older area of town where original plats did not meet the R-1 zoning requirements of 10,000 square feet in land area and 75 feet in lot width. Thirdly, the City approved 10 planned residential developments (PRD's) constructed during the period of 1980 through 1987. The PRD development procedure will continue to be implemented as a method of providing well planned housing alternatives to the residents of New Brighton.