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HousingDRAFT 4-37 <br />Chapter 4. hOUSING & <br />eCONOMIC DeVeLOpMeNt <br /> »Historical Development Pattern <br />(4-40) <br /> »Existing Housing Supply (4-40) <br /> –Housing Mix <br /> –Age of Housing Stock <br /> –Housing Values <br /> –Affordability <br /> »Current Housing Needs (4-46) <br /> »Expected Future Housing <br />Demand and Needs (4-46) <br /> –Affordable Housing Need <br />Allocation <br /> »Housing Plan Framework (4-37) <br /> –Housing Objectives <br /> –Housing Policy <br /> –Implementation Tools <br /> –Funding Sources <br /> » (4-51) <br /> –Economic Development <br />Objectives <br /> –Economic Development <br />Policy <br /> –Implementation Tools <br />Chapter Contents <br />The City of New Brighton is a fully developed first tier suburb of the Minneapolis/St. <br />Paul metropolitan area. New Brighton is conveniently located a short distance from <br />both downtown Minneapolis and downtown St. Paul. Its central location close to a <br />large concentration of jobs and colleges has shaped New Brighton as a convenient <br />place to live and work. <br />Into the next century, the focus on housing and economic development will continue <br />to be on maintenance, infill development and redevelopment. The vision plan goal for <br />housing in New Brighton is to ensure people, of all walks of life, have the opportunity <br />to live in the community their entire lives. This philosophy towards housing (referred <br />to as “Life Cycle Housing”) is intended to continually meet the needs of the evolving <br />demographic profile of New Brighton and surrounding communities. A key to creating <br />a quality environment for job and tax base growth is being a great place to live. Thus <br />a quality housing stock is intrinsically linked to New Brighton’s strategic intent for <br />economic development “…to increase and broaden the City’s tax base.” <br />hOUSING pLaN FraMeWOrK <br />The future of the City of New Brighton relies heavily on the availability of a quality and <br />diverse supply of housing. Housing is usually the single biggest investment made by an <br />individual household. Likewise, as residential is the highest percentage of land use in <br />the community, housing is probably the largest investment (from a quality of life as well <br />as financial perspective) by the community as a whole. This housing plan is intended to <br />serve as a guide, ensuring the availability of resources and a vision that will preserve <br />the community as a safe, convenient, comfortable, attractive and affordable place to <br />live.