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8/9/2017 <br />3 <br />What Does St. Anthony Have For Affordable Rental Property? <br />5 <br />•30%of the City’s units (433) have been constructed in last <br />15 years <br />–Of those, 52%were affordable <br />•The Landings –20%affordable at 50%of AMI <br />•The Legends –100%affordable at 60%AMI <br />Number of <br />Properties <br />Number of <br />Units <br />Number of <br />Affordable units <br />Percent of Units <br />Affordable <br />Number & <br />Percent <br />Affordable at <br />30% of AMI <br />Number & <br />Percent <br />Affordable at <br />50% of AMI <br />Number & <br />Percent <br />Affordable at <br />60% of AMI <br />45 423 753 <br />4%35%62%13 1,458 1,221 84% <br />Allocation of Regional Affordable Housing Goals <br />•Metropolitan Council’s Allocation Methodology: <br />–Total Forested Growth (Thrive MSP Regional Plan) <br />–Adjusted by Ratio of Low-wage Jobs to Low-wage Workers <br />–Adjusted by Existing Affordable Housing <br />•St. Anthony’s Allocation: <br />–Time Period: 2020 to 2030 <br />–Total Forecasted Household Growth (excludes Lowry Grove <br />redevelopment): 100 households <br />–Allocated Affordable Housing Need: 38 New Affordable Units <br />•19 Units Affordable at or below 30%of Area Median Income <br />•13 Units Affordable between 31% and 50% of Area Median Income <br />•6 Units Affordable Between 51% and 80% of Area Median Income <br />6