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Agenda - Council - 04/14/2015
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Agenda - Council - 04/14/2015
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Council
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04/14/2015
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Appendix C: Methodology for calculating Housing Performance Scores <br />This Housing Policy Plan describes multiple strategies that advance the Metropolitan Council's overall <br />housing policy priority: <br />Create housing options that give people in all life stages and of all economic means <br />viable choices for safe, stable and affordable homes. <br />A range of housing options across the region benefits individuals, families, and local governments. <br />Viable housing choices allow households to find housing affordable to them in the communities where <br />they want to live. Like a diversified investment portfolio, a diversity of housing types can increase local <br />government resiliency through changing economic climates. <br />The Council currently uses Housing Performance Scores to give priority for funding to communities that <br />are maintaining or expanding their supply of affordable housing and using fiscal, planning, and <br />regulatory tools to promote affordable housing. The Council uses the Score in the Livable Communities <br />Demonstration Account and the Tax Base Revitalization Account to reward communities that have a <br />clear and demonstrable commitment to provide affordable housing options. Local housing performance <br />scores also constituted 7% of the total points available in the 2014 round of the Regional Solicitation for <br />transportation funding. <br />At the same time, the Council assists affordable housing development in cities struggling with housing <br />performance. The Council gives preference to cities having lower Housing Performance Scores in <br />funding decisions for the Local Housing Incentives Account, which has funded more than one-third of <br />the affordable units funded through the Livable Communities Act programs. <br />The following criteria and their relative weight will be used to determine a score of 0 to 100 points and <br />will be used for ranking, among comparable proposals, in the evaluation and prioritization of <br />applications for funding. Joint applications for discretionary funding will be weighted pursuant to the <br />applicable combination of city scores. <br />Recent New Construction and Substantial Rehabilitation/Preservation Projects <br />(0-50 points) <br />Overall, 50 points are available for new affordable housing construction or investments in the <br />substantial rehabilitation or preservation of affordable or mixed income housing. The specific point split <br />between these two activities will depend on a community's Community Designation or forecasted <br />household growth. <br />Page - 49 I METROPOLITAN COUNCIL <br />
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