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City of Ramsey 2030 Comprehensive Plan Update <br />Chapter 7: Housing Plan <br />ownership or rental housing affordable to households earning at or below 60% AMI. According to the <br />estimated growth needs for housing units between 2010-2030 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 to meet <br />the Metropolitan Council identified goals by 2020. According to the Metropolitan Council, the Update <br />provides for an affordable housing need share of 669 units. <br />Considering that ownership housing would require a purchase price at or less than $152,000 and rental <br />properties would need to charge rent at or below $1,177 for a family of four in 2007, Ramsey will need to <br />consider a wide variety of housing options to achieve the Metropolitan Council's forecasted need. Those <br />options will likely be additional rental housing and/or ownership multifamily or small lot housing that is <br />developed in partnership with non-profit housing groups such as Habitat for Humanity and community land <br />trusts. <br />City of Ramsey 2030 Comprehensive Plan Page 7-9 <br />