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<br /> <br /> <br /> <br /> <br />Per Metropolitan Council standards in implementing the Livable Communities Act, the following two <br />tables show 2008 homeownership and rental housing amounts: <br /> <br />Table 6 - 5 2008 Homeownership <br />Household Income Level Affordable Home Price <br />80% of area median income ($64,720) $214,900 <br />60% of area median income ($48,540) $158,000 <br /> <br /> <br /> <br />Table 6 - 6 2008 Rental Housing <br />Bedroom Size Monthly gross rent including tenant-paid utilities, <br />affordable at 50% of area median income* <br />Efficiency $707 <br />1 bedroom $758 <br />2 bedroom $910 <br />3 bedroom $1,051 <br />4 bedroom $1,172 <br />*The same rent figures used for the federal low-income housing tax credit program in the 7-county metro <br />area. <br /> <br />Like most inner ring suburban communities, the challenge to providing new housing in New Brighton is <br />the lack of undeveloped land. Therefore, new housing will be primarily focused on infill and <br />redevelopment sites. A good place where a unique housing element could be included is within the future <br />City Center redevelopment site in the northwest quadrant of I-694 and I-35W. Here opportunity exists to <br />fulfill the demand for both affordable housing and general occupancy rental housing that is close to places <br />to shop, work and play and is also convenient to City services and transit. The intent is to integrate <br />housing into a mixed-use development project. Mixed use development may include housing units <br />(owner or renter occupied) situated above commercial store fronts all in one building known as vertical <br />mixed use, or it may include housing integrated with commercial, office, civic or open space. <br /> <br />6-10