Agenda - Council - 04/14/2015 - Laserfiche WebLink

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Applicat (whether funded or unfunded) submitted to the Consolidated Request for Proposals (the "Super RFP"), county -issued RFPs, or other major competitive funding processes • Align counts of existing affordable housing (including unsubsidized affordable housing) with thc 30%, 31 50% and 51 80% of area median income levels defined in the Need. • Expand the list of scoring opportunities to reflect the full and evolving range of housing activities, programs, and tools used by local jurisdictions, including new elements such as: Strategies to preserve unsubsidized affordable housing Fair Housing and Equal Opportunity efforts Efforts to recruit I -s to accept Section 8 Housing Choicc Vouchers Energy, water, and other resource conscrvati • Use the mechanisms of thc Affordable Housing Production Survey and Housing Pcrformancc Score process to refer jurisdictions to best practice resources, technical toolkits, and funding opportunities. • Evaluate the potential utility of using the housing element and implementation program components of local comprehensive plans as an assessment component under the Scores. • Plan for the transition from the existing scoring system to thc new Housing Pcrformancc Scores developed under this plan. • Institutionalize local government review and comment on their prelimina #e6+sing Pcrformancc Scores and create a formal structure for local governments to provide the Council additional information. Table 7: Comparison of 2002 Housing Performance Scores methodology with 2015 Housing Performance Scores methodology 2002 Methodology 2015 Methodology Overall points structure Up to 37 points for characteristics of the existing housing stock Up to 63 points for local initiatives to facilitate affordable workforce housing development or preservation Up to 25 points for existing affordable housing stock Up to 25 points for local housing programs and policies Up to 50 points for new affordable housing construction or rehabilitation/preservation of affordable housing Adiustments to recognize local variation Approach to income thresholds LIncome targeting None Used a single threshold to define affordable housing (60% of AMI since 2011) Page - 7 1 METROPOLITAN COUNCIL None Points available for new construction vs. rehabilitation/preservation adjusted by Community Designation Uses multiple thresholds to define affordable housing: 30% or less of AMI Between 31% and 50% AMI Between 51% and 80% AMI Between 81% and 115% AMI for homeownership Provides more points for housing affordable to lower income households, starting at households earning 30% or less of AMI