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Agenda - Council - 04/14/2015
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Agenda - Council - 04/14/2015
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3/17/2025 4:03:34 PM
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6/11/2015 8:06:04 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
04/14/2015
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Figure B-5. Overview of the Breakdown of the Total Allocation into Bands of Affordability <br />Step 1: Calculate <br />adjustments for each band <br />{ <br />a <br />Adjustments <br />Housing at or <br />below 30% AMI <br />Housing at 51% <br />to 80% AMI <br />Average shares of <br />affordable units in <br />sewered communities <br />Shares of affordable <br />units in a given <br />community <br />010 <br />Step 2: Combine adjustments with "equal <br />share" factors from regional Need <br />Step 3: Apply <br />the resulting <br />shares in <br />each band to <br />the total <br />allocation <br />from Part 2 <br />• Step 1: Calculate differences in affordability for each band from the average for all communities. <br />In this step, we examine the shares of each community's affordable housing in each band and <br />compare them to the average for all sewered communities. The difference between them <br />provides an adjustment that will help determine the share of each community's total allocation to <br />place in each band. <br />Table B-4 provides examples. In Golden Valley, the share of existing affordable units in the 31- <br />50% band is lower than average (so the adjustment factor for that band is positive), while the <br />shares in the 0-30% and 51-80% bands are higher than average (so those adjustment factors <br />are negative). West St. Paul displays the reverse dynamic: a relatively higher share in the 31- <br />50% band and relatively lower shares in the 0-30% and 51-80% bands. <br />Note that the shares of existing affordable housing within each band sum to 100%, as do the <br />shares for the average community. <br />Page - 25 1 METROPOLITAN COUNCIL <br />
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