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PROPOSED AMENDMENT TO THE 2040 HOUSING POLICY PLAN <br />(as amended 3/16/15) <br />(pagination reflects the 2040 Housing Policy Planavailable on the Council’s website) <br />Executive Summary, page 1: <br />Like a diversified stockinvestment portfolio, a diversity of housing types can increase local government <br />resiliency through changing economic climates. <br />Executive Summary, page 2: <br />More people will need affordable housing options: <br />The Council forecasts that between 2020 <br />and 2030, our region will add 49,500 37,400 low- and moderate-income households who will <br />need new additionalaffordable housing. For comparison, in the first three years of this decade, <br />the region added just under 3,000 new affordable units, far under the need. <br />Executive Summary, page 3: <br />To fully implement this plan, the Council has more work to do to finalize the changes to the Allocation of <br />Affordable Housing Need, the Housing Performance Scores, and the Council’s strategy for reviewing <br />the housing element of local comprehensive plan updates. In 2015, the Council will formally amend this <br />plan, including a formal public comment process, to incorporate the final updated methodologies for the <br />Allocation of Affordable Housing Need and the Housing Performance Scores and reflect any other <br />updates. <br />Introduction, page 5: <br />Like a diversified stockinvestmentportfolio, a diversity of housing types can increase local government <br />resiliency through changing economic climates. <br />Introduction, page 14: <br />(Note that this ignores the need for affordable housing that existed in 2010, that is, the 60,000nearly <br />140,000households paying more than half of their income on housing—much less the additional <br />190,000125,000who are paying between 30% and 50% of their income on housing. These are the <br />households that currently experience housing cost burden.) <br />Introduction, page 14: <br />Looking ahead, the Council forecasts that between 2020 and 2030, our region will add 49,50037,400 <br />i <br />low- and moderate-income households who will need new affordable housingoptions.Even if we are <br />successful at addressing today’s housing cost burden, the challenges will continue to increase with the <br />region’s ongoing population growth. <br />Part II: Outcomes (Prosperity), page 39: <br />Page - 1|METROPOLITAN COUNCIL <br /> <br />