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2040 Housing Plan Guiding Principles 1. Provide a variety of housing types at a range of values to support a sustainable community Objectives: • Provide safe and adequate housing for all people, regardless of age, income or ethnic background. • Create ordinances that support the City's desire to have well designed and maintained housing at all levels. • Provide live -work housing options within the community to allow for a diversity of residents within the community. • Encourage developments to include a variety of housing types. • Explore zoning methods that allow neighborhoods with mixed housing types and or other appropriate uses within residential areas. • Create and maintain a level of affordability options through the community's housing stock. 2. Implement policies that will allow the opportunity for the development of 834 new affordable housing units between 2018 and 2040. An affordable housing unit is a unit priced at or below 30% of the gross income of a household earning below 80% of the Twin Cities median family income for a family of four (or $65,700 in 2016). fit!W 2040 COMPREHENSIVE PLAN UPDATE 3. Promote the development and preservation of a supply of quality housing that is affordable at all income levels and at all stages of the life cycle. Objectives: • Provide opportunities for the development of high quality housing that is diverse in terms of ownership, price, type, and style. This diversity shall include large lot residential parcels, as well as life cycle and affordable housing. • Encourage residential developers to include housing affordable to low- and moderate -income residents and local employees as part of their developments to provide a range of mixed -income housing throughout the community. Subsidized housing shall not be concentrated in any one neighborhood. • Provide financial or technical assistance, as may be appropriate, to developers of affordable housing for low- and moderate -income residents. • Encourage the development of housing for residents with special needs, including accessible housing for persons with disabilities. • Support efforts to assure equal access to housing opportunities within the City. • Support projects and programs that meet Hugo's needs for low- and moderate -income life cycle housing opportunities. • Provide an adequate supply of land guided for Medium Density Residential, High Density Residential, and Mixed Use. • Allow higher density elderly housing in areas guided for lower density residential land uses. HOUSING 8A