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Agenda - Planning Commission - 04/20/2015 - Special
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Agenda - Planning Commission - 04/20/2015 - Special
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Meetings
Meeting Document Type
Agenda
Meeting Type
Planning Commission
Document Title
Special
Document Date
04/20/2015
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Table B-2. Calculation of Adjustment Factors <br />(A)(B)(C)(D)(E)(F) <br />Original Average Measure Z-score WeightAdjustment <br />MeasureCommunityConverted rescaledFactor (D × <br />E converted <br />to Z-score(C ÷ 3.44) <br />to %) <br />+7% <br />Golden Valley58%66%+0.34+0.1067% <br />Housing <br />-20% <br />West St. Paul92%66%-1.03-0.3067% <br />+7% <br />Golden Valley1.461.08+0.73+0.2133% <br />Jobs <br />+12% <br />West St. Paul1.761.08+1.30+0.3833% <br />While this method of creating adjustment factors is more complicated than simply relying on the <br />raw measures, it produces adjustment factors that more accurately reflect the policy intent of the <br />2040 Housing Policy Plan. <br />Finally, we multiply the pre-adjusted allocation by the adjustment factors to calculate the <br />numerical adjustments for job/worker balance and existing housing stock. Summing the pre- <br />11 <br />adjusted allocation and the numerical adjustments yields the adjusted allocation.Table B-3 <br />carries out this math for Golden Valley and West St. Paul. <br />Table B-3. ImplementingAdjustmentsfor OverallAllocation <br />(A)(B)(C)(D)(E)(F)(G) <br />Pre-AdjustmentAdjustmentChange inChange inAdjustedFinal <br />11 <br />AdjustedFactor forFactor forAllocationAllocationAllocationAllocation <br />AllocationHousingJobsfor Housingfor JobsA + D + E)(F × 99%) <br />( <br />(A× B)A× C) <br />( <br />Golden <br />150 <br />134+7%+7%+9+9152 <br />Valley <br />West St. <br />123 <br />134-20%+12%-27+17124 <br />Paul <br />Part 3: Break Down Communities’ Total Allocations into “Bands of Affordability” <br />Low-income households have a wide variety of needs and preferences for the types and locations of <br />their housing. To provide nuance and flexibility for local planning for homeownership and rental housing <br />across a range of incomes and housing types, the Council is allocating Need within three bands of <br />affordability: <br />Need for housing units affordable to households with incomes at or below 30% of AMI (49.9% of <br />o <br />the regional Need); <br />Need for housing units affordable to households with incomes between 31% and 50% of AMI <br />o <br />(24.9% of the regional Need); and <br />Need for housing units affordable to households with incomes between 51% and 80% of AMI <br />o <br />(25.2% of the regional Need). <br />11 <br />Under our methodology, the adjusted allocations for all communities add up to 38,281. This is higher than the <br />regional Need of 37,900, so we adjust all allocations proportionately downward to achieve the regional Need. <br />Page - 23|METROPOLITAN COUNCIL <br /> <br />
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