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2018.04.04 EDC
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2018.04.04 EDC
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HousingDRAFT 4-45 <br />Table 4-14. Publicly Subsidized Units by Type <br />Publicly Subsidized Unit <br />Type Units Percentage of Total <br />Housing Units <br />Senior Unit 172 1.78% <br />People with Disabilities 24 0.25% <br />All Others 379 3.93% <br />total 575 5.96% <br />Source: Metropolitan Council, 2015 <br />Table 4-15. Rental and Vacancy Rates in New Brighton <br />Average Rents One- <br />Bedroom <br />Two- <br />Bedroom <br />Three- <br />Bedroom <br />Overall <br />Vacancy <br />Rate <br />1998 $525 $666 $760 1.0% <br />2008 $675 $795 $900 6.0% <br />All Others 379 3.93% <br />Source: Metropolitan Council, 2015 <br />Number of Publicly Subsidized Units <br />According to the Metropolitan Council, New Brighton has the following amount of <br />publicly subsidized housing units: <br />Rental Market <br />The rental housing market in New Brighton consists primarily of older apartment <br />buildings that lack the amenities offered by newer apartment buildings. These older <br />apartments typically have little green space, lack playground equipment and have no <br />garages. New Brighton fits right in with regional market trends characterized by low <br />vacancies, slowly rising rents, and little new construction. Table 6-3 reflects recent <br />trends in the rental market in New Brighton. <br />The City currently has nearly 200 participants in the Section 8 Program, approximately <br />half of which are located in just two apartment complexes: Aspen Glen and Polynesian <br />Village. The ability for landlords to voluntarily choose to participate in Section 8 can be <br />a barrier to ensure future Section 8 housing opportunities will be available to the New <br />Brighton Community.
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