Agenda - Planning Commission - 09/04/2014

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Last revised July 24, 2014 Council role • Assist local governments in planning for increased residential density in strategic transit and transportation corridors. • Focus transit investments where housing densities support transit already or are guided to support such densities through the comprehensive planning process. • Provide technical assistance for station area planning that maximizes residential densities where appropriate (see more in Part III). • Elevate awareness of the role housing plays in transit -oriented development. • Provide Livable Communities Transit -Oriented Development grants that support housing development along transit corridors to expand housing choices along transit. • Define density expectations for new housing and mixed -use development and redevelopment around transit stations and high -frequency transit service. • Expect local plans and programs to create or preserve a mix of housing affordability along transit stations. • Align its resources and work with other partners to help preserve a mix of housing affordability along the region's transit routes and corridors, helping low-income households benefit from transit investments. • Promote transit -oriented development that ensures a mix of housing affordability in transit station areas. • Develop guidance based on existing best practices, to aid local cities (or coalitions of cities along a particular transit corridor) in the identification of high opportunity sites, districts, or areas. Local role • Plan for increased residential density in strategic transit and transportation corridors. • Develop a focused strategy for preservation of existing housing —particularly higher density housing —located near current and future transit areas. • Work with local and regional partners to progress major transit investments. 2040 HOUSING POLICY PLAN I METROPOLITAN COUNCIL DRAFT RELEASED FOR PUBLIC COMMENT Part II: Outcomes (Stewardship) I Page 24