Laserfiche WebLink
Table B-2. Calculation of Adjustment Factors <br />LAI LI LSI LI LI LI <br />Original Average Measure Z-score Weight Adjustment <br />Measure Community Converted rescaled Factor (D x <br />to Z-score (C + 3.44) E converted <br />to %) <br />Housing Golden Valley <br />West St. Paul <br />Jobs <br />58% 66% +0.34 +0.10 67% <br />+7% <br />92% 66% -1.03 -0.30 67% -20% <br />Golden Valley 1.46 1.08 +0.73 +0.21 33% +7% <br />West St. Paul 1.76 1.08 +1.30 +0.38 33% +12% <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 />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. Implementing Adjustments for Overall Allocation <br />LAI LI LSI LI LI <br />Pre- Adjustment Adjustment Change in Change in <br />Adjusted Factor for Factor for Allocation Allocation <br />Allocation Housing Jobs for Housing for Jobs <br />(A x B) (A x C) <br />LFI <br />Adjusted <br />!GI <br />Final <br />Allocation Allocation" <br />(A+D+E) (Fx99%) <br />Golden <br />Valley <br />134 <br />+7% <br />+7% <br />+9 +9 <br />152 150 <br />West St. <br />Paul <br />134 -20% +12% -27 +17 124 123 <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 />o Need for housing units affordable to households with incomes at or below 30% of AMI (49.9% of <br />the regional Need); <br />o Need for housing units affordable to households with incomes between 31% and 50% of AMI <br />(24.9% of the regional Need); and <br />o Need for housing units affordable to households with incomes between 51% and 80% of AMI <br />(25.2% of the regional Need). <br />11 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 1 METROPOLITAN COUNCIL <br />