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St. Anthony 2040 Comprehensive Plan Chapter 5: Housing 53 Meeting the Regional Affordable Housing Allocation Share St. Anthony, along with every community in the metro area, is responsible for planning for an adequate regional share of affordable housing. The Housing Element of Metropolitan Council’s Thrive 2040 plan has determined the affordable housing requirement for every community by affordability level, as determined by a household’s relationship to the Area Median Income (AMI). St. Anthony’s affordable housing requirement is shown in FIGURE 5-9. FIGURE 5-9: AFFORDABLE HOUSING NEED ALLOCATION* Affordable Housing Need Allocation, 2021- 2030 At or Below 30% AMI 74 From 31 to 50% AMI 53 From 51 to 80% AMI 25 Total Units 152 AMI = Area Median Income * This is based on the Met Council revised allocation from the EAW comments for Southern Gateway Site, not the published need of 34 units in the 2015 system statement Housing calculations from FIGURE 5-10 indicate that St. Anthony has guided sufficient high-density land at a minimum of 8 units per acre to produce 313 units of housing at affordable densities in the 2021-2030 decade, which exceeds the Metropolitan Council’s affordable housing allocation. Based on the allocation of land at the guided densities, during the 2021-2030 decade, there would be approximately 15.5 acres of land to produce the 313 units. Future Residential Land Use From the 2040 guide land use map, FIGURE 5-10 below shows the total acreage within St. Anthony that is allotted to residential land uses in the 2040 plan. Of the 660 total residential acres in St. Anthony, 39.13 of these acres are estimated to redevelop within the 2040 planning horizon. Affordable densities as defined by the Metropolitan Council are those with a minimum range of 8 units per acre and above, which means that all high-density residential redevelopment areas expected to develop within the 2021-2030 decade qualify as affordable housing – using the minimum density to calculate unit potential as directed by the Metropolitan Council. FIGURE 5-11