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CC WORKSESSION PACKET 06012020
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CC WORKSESSION PACKET 06012020
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<br /> <br /> <br /> <br /> <br />Housing Data Research <br />A summary of data describing the makeup of residential land use <br /> in the St. Anthony Village community. <br /> <br />This document represents a summary snapshot of the status of housing and housing value in St. Anthony <br />Village. The data was collected from the Metropolitan Council, the American Community Survey of the US <br />Census Bureau, and other resources including the City’s draft Comprehensive Plan. The purpose of the <br />research is to provide a common set of data as the community examines current and future housing <br />development and redevelopment proposals, in the context of the City’s Comprehensive Plan goals and <br />objectives. Some of the data points vary for the same category of data since depending on the source, it was <br />collected during different years, primarily between 2015 and 2017. <br />Summary of the data: <br />• St. Anthony Village has approximately 4,300 residential units, based on the most recent housing <br />estimates. <br />• The community has more than half of its housing stock in attached units, with just 48.5% of all <br />units as single family detached. <br />• St. Anthony has a greater percentage of housing in higher-density buildings than its neighbors, <br />a similar level of medium density (townhouses and twinhomes, typically), and the lowest <br />percentage of single family detached housing (48.5%). <br />• In the metro area by comparison, nearly two-thirds of all housing is single family detached. <br />• In St. Anthony, there is just an 8% spread between the number of single family homes and <br />multi-family homes, whereas the neighboring communities, and the metro as a whole, show <br />differentials of 24% to 44% for this disparity. <br />• With regard to what is known as “housing tenure”, St. Anthony Village has the highest <br />proportion of rental-occupied units of its near neighbors, at nearly 40% of the current housing <br />stock. This is almost 10% greater than the cumulative Twin Cities rate of about 30%. <br />• A study done for the 2040 Comprehensive Plan showed than 64% of the community’s housing <br />stock falls within ranges that are considered “affordable”, defined as values affordable to those <br />making less than 80% of the Area Median Income (AMI). Slightly more than 25% of the <br />community’s housing is affordable to those making less than 50% of the AMI. <br />• For the metro area, comparative affordability numbers are similar (or slightly lower than St. <br />Anthony) for all categories of affordability: approximately 59% of housing units are affordable <br />to those making below 80% of AMI, and 23% of housing is affordable for those below 50% of <br />AMI. Of its affordable supply, St. Anthony’s proportion of units below the 30% AMI threshold is <br />15.6% as opposed to 10.8% metro-wide. <br /> <br />Page 1
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