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St. Anthony 2040 Comprehensive Plan Chapter 5: Housing <br />50 <br /> <br />FIGURE 5-4: HOUSING TENURE <br />Ownership Units Rental Units <br />2,560 1,781 <br /> <br />FIGURE 5-5: HOUSING TENURE COMPARED TO TWIN CITIES REGION <br /> <br />Rental Affordability <br />St. Anthony’s rental housing landscape looks different than it did 20 years <br />or even a decade ago. About 30 percent of the city’s existing rental stock <br />has been constructed over just the past 15 years, which includes 235 units <br />of below market, affordable housing developed at Silver Lake Village with <br />tax credits, tax increment financing, and County HOME funds. <br />A 2017 Ehlers assessment looked in depth at the affordability of available <br />rental housing in St. Anthony. Of the 13 rental properties and 1,458 rental <br />units comprising the study, the assessment found that more than 80 <br />percent of these units can be considered affordable at some level. In a <br />similar manner to the Metropolitan Council’s 2016 housing assessment, the <br />Ehlers assessment shows affordability broken down by AMI bands. The <br />greatest share of affordable rental housing in St. Anthony is affordable <br />between 50% and 60% of the area median income. <br /> <br />61% <br />39% <br />St. Anthony Twin Cities Region <br />Owner-Occupied Renter-Occupied <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 />65% <br />31%