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4-47 New Brighton Comprehensive Plan | 2040 DRAFT affordable housing across the Twin Cities metropolitan region. Housing is considered “affordable” when no more than 30% of household income goes to housing. As such, households with different income levels have different thresholds of “affordable,” as seen in Table 4-16. Table 4-16. Twin Cities Metropolitan Regional Household Income Levels, 2015 Household Size 30% AMI 50% AMI 80% AMI One-person $18,050 $30,050 $46,000 Two-person $20,600 $34,350 $52,600 Three-person $23,200 $38,650 $59,150 Four-person $25,750 $42,900 $65,700 Five-person $28,440 $46,350 $71,000 Six-person $32,580 $49,800 $76,250 Seven-person $36,730 $53,200 $81,500 Eight-person $40,890 $56,650 $86,750 Source: Metropolitan Council, 2015 Table 4-17. Affordable Housing Need Allocation for New Brighton 2030 Household Income Level Units At or below 30% AMI 84 31 to 50% AMI 29 51 to 80% AMI 51 Total Units 164 Source: Metropolitan Council, 2015 The Metropolitan Council has selected the four-person household thresholds as a general measurement for affordable housing needs at each income level. This allocation of affordable housing need is calculated based on a variety of factors: »Projections of growth of households experiencing housing cost burden »Current supply of existing affordable housing, whether subsidized or naturally occurring »Disparity of low-wage jobs and housing for low-wage households within a community Through these calculations, the Metropolitan Council has determined the Affordability Housing Need Allocation for New Brighton between now and 2030, as shown in Table 4-17. The way that communities accomplish this affordable housing allocation is by designating adequate vacant land or redevelopable land at minimum densities (units/ acre) that are high enough for affordable housing to be an option. Essentially, the more units/acre allowed on a site, the less cost per unit to be built, which makes the development an option for affordable housing developers as well as market-rate developers. The affordable housing allocation does not mean that the City must force the building of this many affordable units by 2030. Rather, through future land use guidance, the City needs to ensure that the opportunity for affordable housing exists by having adequate vacant or redevelopable land guided for higher densities to meet the stated share. In order to determine if New Brighton can achieve the calculated number of units, we need to determine which New Brighton residential future land use designations count towards Affordable Housing Allocation Need. According to the Metropolitan Council, any residential future land use designation that has a minimum density of 8 units per acre or more can count towards affordable housing allocation calculations. Table 4-18 features all future land use designations for New Brighton and their minimum units per acre.