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<br />City of Ramsey <br />MASTER HOUSING PLAN <br />DRAFT <br /> <br />---------..----.-.---..----.....---------....-...----....................--.....-..--..... <br /> <br />The Metropolitan Council has established a need for 1,140 new affordable housing units to be <br />developed in Ramsey between 2011 - 2020. New affordable units are defined as ownership or <br />rental housing affordable to households earning at or below 60% AMI. According to the estimated <br />growth needs for housing units between 2010-2030 as noted above the City of Ramsey should strive <br />to provide 28% of the 4,085 medium to high density multifamily housing units as affordable to meet <br />the Metropolitan Council identified goals by 2020. <br /> <br />Considering that ownership housing would require a purchase price at or less than $152,000 in <br />2007, Ramsey will need to consider a wide variety of housing options to achieve the Metropolitan <br />Council's forecasted need. Those options wi11likely be additional rental housing and/or ownership <br />multifamily or small lot housing that is developed in partnership with non-profit housing groups <br />such as Habitat for Humanity and community land trusts. <br /> <br />City of Ramsey Master Housing Plan <br /> <br />(draft #1) November 2007 <br />