Agenda - Planning Commission - 09/04/2014

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Table of Contents Housing for a Growing, Thriving Region 1 Demographic trends: Continued population and housing growth through 2040 2 Housing challenges facing our region today and tomorrow 5 Growing need to preserve our existing housing stock 5 Rising housing cost burden 6 An inadequate supply of affordable housing 7 Choice, Place and Opportunity 8 Inadequate financial resources to address housing challenges 10 Affordable housing helps build communities 11 The opportunity of a regional approach and a regional Housing Policy Plan 13 Part II: Outcomes: Using our housing resources wisely to create a prosperous, equitable, and livable region for today and generations to come 16 Stewardship 17 Manage, maintain and preserve the region's existing housing stock and housing choices 17 Address how "naturally occurring" or unsubsidized affordable housing meets the region's housing needs 19 Leverage housing investments with our existing infrastructure 21 Community Designations 22 Focus housing around emerging transit investments 23 Prosperity 25 Plan for the range of options to house the workforce and enhance regional competitiveness 25 Expand opportunities for households to reduce their combined costs of housing and transportation 26 Encourage redevelopment and infill development to meet the region's housing need 27 Equity 28 Create viable housing options that give people in all life stages and of all economic means viable choices for safe, stable, and affordable homes 28 Using housing investments to build a more equitable region 30 Expand the supply of housing options accessible to people with disabilities 31 Use federal Housing Choice Vouchers to expand housing choice for low-income residents 33 Livability 34 Provide housing choices for a range of demographic characteristics 34 Plan housing choices for the growing senior population 35 Align investments to support place -making, transit -oriented development and walkable places36 Sustainability 38 Promote residential development patterns that contribute to reducing greenhouse gas emissions, increasing water sustainability, and growing resiliency to the impacts of climate change 38 Encourage and promote environmentally -sustainable and healthy buildings and construction techniques 39 Principles: Advancing integration, collaboration and accountability 41 Integration 42 Incorporate housing policy into the full spectrum of regional issues 42 Integrate housing into transitway planning and development 42 Improve alignment between housing policy and education decision -makers 44 Collaboration 45 Provide a regional perspective on housing policy 45 Expand technical assistance to and share best practices with local governments to support development of a mix of housing options 45 2040 HOUSING POLICY PLAN I METROPOLITAN COUNCIL DRAFT RELEASED FOR PUBLIC COMMENT