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October 22, 2024 St. Anthony Council Work Session - 2 Affordable Housing Goals Range Life-Cycle Housing Goal 84-152 576 Participating cities are asked to complete a survey annually to report affordable and life-cycle housing opportunities amount. This reporting will be completed at a staff level. The seven-county metro region allocates funds each year to the following focus topics: Housing, Jobs, Efficient Growth Transit Oriented Development (TOD) Re-development Policy Development Clean-up/Investigation Affordable Rental Housing Affordable Home Ownership Solicitations for each area of focus occurs annually, with some of the programs including multiple solicitations each year. Applications must come from a government organization that is a participating city. The City Council is requested to discuss specific items and provide feedback to staff: Discuss opportunities areas to consider housing related grants. Comments and thoughts on the proposed LHIA Resolution. Ms. Morello stated after City Council discussion, staff is recommending passing the resolution to elect to participate in the LHIA at a future City Council meeting. Councilmember Randle asked if this is already a part of the 2024 Comprehensive Plan. He thought this was already in place. Ms. Morello stated there are housing goals identified in the plan. This is an extra step to help the City meet some of those goals. Currently the City is not a participant in the LCA Program. Councilmember Elnagdy asked if this is an opt in program. Ms. Morello stated the City would still need to apply for the grants. This is the first step to getting us in the door for potential grants. Life cycle housing refers to the different life cycle stages of homeownership. Councilmember Jenson asked if life cycle housing applies to retirees to allow them to stay in their homes. Ms. Sarah Berke, Met Council, stated the life cycle housing goal is intended to look at if the market is providing all types of housing within the community. Councilmember Jenson referred to the graphs provided and asked if funding can be provided to an affordable housing complex where the TIF is running out. Can funds be applied to that scenario? Ms. Berke stated they will help the City identify which grants would be appropriate. Mayor Webster asked about the Met Council’s goal on affordable housing. When we see high density from 84 – 152 units, is this income based? Ms. Morello stated that would be referring to the number of units. Ms. Berke stated the units are income based. Mayor Webster asked if a developer came in and built 40 unit building would that fall under the life cycle goal and Ms. Berke stated if it’s not an affordable unit it would be considered.