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<br />City of Ramsey <br />MASTER HOUSING PLAN <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 and 2020. New affordable units are defmed 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 and 2030 as noted above, the City of Ramsey should <br />strive to provide 28% of the 4,085 medium to high density multifamily housing units as affordable <br />to meet the Metropolitan Council identified goals by 2020. <br /> <br />Considering that ownership housing would require a purchase price at or less than $152,000 or <br />$1,177 for a family of four in 2007, Ramsey will need to consider a wide variety of housing options <br />to achieve the Metropolitan Council's forecasted need. Those options will likely be additional <br />rental housing and/or ownership multifamily or small lot housing that is developed in partnership <br />with non-profit housing groups such as Habitat for Humanity and community land trusts. <br /> <br />February 2008 <br /> <br />City of Ramsey Master Housing Plan <br /> <br />Page 11 <br />