Laserfiche WebLink
From the 2040 Comprehensive Plan, the <br />breakdown of existing housing in St. Anthony <br />Village by affordability is shown in the <br />following chart. With a total of 4,325 units, <br />458 (11%) are affordable to those making 30% <br />of the Area Median Income (AMI); an <br />additional 636 (15%) are affordable to those <br />with incomes between 30% and 50% of the <br />AMI, and 1,674 (39%) are affordable to those <br />making between 50% and 80% of the median. <br />In total, 64% of all housing units in St. Anthony <br />are “affordable” to those within one of the <br />three lowest classes of income. <br /> <br />. <br /> <br /> <br /> <br /> <br /> <br />The chart to the left breaks out the housing that is <br />considered “affordable” for St. Anthony and the <br />corresponding metro-wide statistic. Approximately <br />59% of the City’s affordable housing stock is affordable <br />to those making between 51% and 80% of AMI. This <br />percentage is similar to the metro-wide proportion, as <br />shown in this chart. St. Anthony’s affordability ratios <br />are similar overall to the Twin Cities, and in fact, higher <br />for the lowest end (at or below 30% of AMI) – 15.6% as <br />opposed to 10.8% metro-wide. <br /> <br /> <br />In summary, while St. Anthony’s values tend to be <br />higher than its immediate neighbors, there is also a <br />slightly higher percentage of multiple family housing <br />units, and a higher percentage of rental-occupied <br />units. The majority of all types of housing falls into the <br />“affordable” category, both by density as defined by <br />the Metropolitan Council, and as measured by income <br />affordability to those making less than 80% of the Area <br />Median Income. <br /> <br />Page 4