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4-44 New Brighton Comprehensive Plan | 2040 DRAFT <br />that are considered “Naturally Occurring Affordable Housing” or NOAH. NOAH are <br />market-rate units, typically older homes on small lots, that are affordable to modest <br />income (80% Area Median Household Income) households. These affordable homes <br />are found throughout the community, with concentrations between Silver Lake Road <br />and Downtown, south of 694. Higher-value units are found in some of the more <br />recently developed areas of the city, as well as around Long Lake. <br />Table 4-11 shows trends in housing sales as recorded by the Minneapolis Area <br />Association of REALTORS through the multiple listing service. Over the four year <br />span, New Brighton’s median sale price has increased significantly, perhaps showing <br />the after-effects of recovering from the Great Recession of 2008-2012. Compared to <br />neighboring communities, New Brighton sits in the middle of the pack, with median <br />sales falling just above the $238,500 affordable threshold. <br />Table 4-12. Housing Units Affordable to Households at or Below Area Median <br />Income <br />Units Affordable to HH w/ <br />income at or below: <br />Percentage of Total <br />Housing Units (9,642 in <br />2016) <br />30% AMI 620 6.43% <br />31% to 50% AMI 2,484 25.76% <br />51% to 80% AMI 3,718 38.56% <br />Source: Metropolitan Council, 2015 <br />Table 4-13. Housing Cost Burden <br />Households with income <br />at or below: <br />Housing Cost Burdened <br />Households <br />Percentage of Total <br />Households (9,032 in <br />2015) <br />30% AMI 913 10.11% <br />31% to 50% AMI 925 10.24% <br />51% to 80% AMI 378 4.19% <br />Source: Metropolitan Council, 2015 <br />Affordability <br />Number of Housing Units at or Below Area Median Income <br />According to the Metropolitan Council, there are the following number of units <br />available to households with varying incomes below the regional area median income <br />(AMI): <br />Housing Cost Burden <br />According to the Metropolitan Council, New Brighton has the following breakdown of <br />households experiencing housing cost burden: