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Last revised July 24, 2014 <br />success and inform future efforts, but do offer the primary indicators to assess whether the region is <br />moving in the right direction. Quantifying what we can to gauge our impact is imperative, but the <br />purpose of doing so is not to create mandates or set specific targets. Indeed, some of the solutions we <br />are striving for cannot be measured with data. However, thoughtful, specific indicators allow us to have <br />a richer conversation about our progress in meeting serious housing challenges and changing course if <br />and when appropriate. <br />These and other indicators will provide the objective measures that hold the Council and the region <br />accountable for the housing goals, strategies, and policies in this plan. Measuring these indicators <br />regularly will identify any need to amend policies and plans that are not helping us reach our goals. <br />Measure <br />Housing cost burden <br />New affordable housing <br />created <br />3. Balance of low-income <br />households and affordable <br />housing <br />4. Balance of low-income <br />households and affordable <br />housing in transit station <br />areas** <br />What's being measured Baseline and desired <br />direction <br />Encourage and invest in a wide <br />variety of housing options, <br />including viable housing choices <br />for low- and moderate -income <br />households <br />31 % of region's households pay <br />at least 30% of income on <br />housing <br />13% of region's households pay <br />50% or more of income 4 <br />Support housing development, <br />including the construction of <br />affordable housing <br />1,118 new affordable housing <br />units*** built in 2012 T <br />Create and maintain housing <br />choices across the region <br />83% of the region's communities <br />lack sufficient affordable <br />housing* for their households <br />with income under 30% of AMI <br />y <br />34% of the region's communities <br />lack sufficient affordable <br />housing* for their households <br />with income between 30% and <br />50%ofAMI4 <br />12% of the region's communities <br />lack sufficient affordable <br />housing* for their households <br />with income between 50% and <br />80%ofAMI4 <br />Ensure a mix of housing <br />affordability along the region's <br />transit routes and corridors <br />X% of the region's transit <br />areas** lack sufficient affordable <br />housing* for their households <br />with income under 30% of AMI <br />y <br />X% of the region's transit <br />areas** lack sufficient affordable <br />housing* for their households <br />with income between 30% and <br />50%ofAMI4 <br />X% of the region's transit <br />areas** lack sufficient affordable <br />2040 HOUSING POLICY PLAN I METROPOLITAN COUNCIL <br />DRAFT RELEASED FOR PUBLIC COMMENT Part V: Implementation and Next Steps I Page 75 <br />