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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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Community Designation / Household Growth <br />Maximum Points <br />for New <br />Construction <br />Maximum Points <br />for Substantial <br />Rehabilitation / <br />Preservation <br />Communities with no Allocation of Affordable Housing <br />Need <br />0 50 <br />Communities in the Diversified Rural / Rural Residential / <br />Agricultural community designations with an Allocation of <br />Affordable Housing Need greater than 0 <br />10 40 <br />If households forecast to be added in the decade (2010- <br />2020) are 10% or less of 2020 households <br />15 35 <br />If households forecast to be added in the decade (2010- <br />2020) are 10-15% of 2020 households <br />25 25 <br />If households forecast to be added in the decade (2010- <br />2020) are 15-20% of 2020 households <br />30 20 <br />If households forecast to be added in the decade (2010- <br />2020) are 20% or more of 2020 households <br />35 15 <br />Faster -growing communities will have a larger relative share of the possible 50 points attributable to <br />their efforts in new construction while older communities with more aging housing would have a greater <br />relative share of the possible 50 points attributable to efforts in substantial rehabilitation and <br />preservation. <br />New Construction of Affordable or Mixed -Income Housing <br />The following points will be awarded based on activities over the previous 10 years and for up to 10 <br />affordable and/or mixed -income new construction housing projects: <br />New units affordable to households at or below 30% of Area Median Income (AMI) 1.5 points each <br />New units affordable to households earning between 31% and 50% of AMI 0.5 point each <br />New units affordable to households earning between 51% and 80% of AMI 0.25 point each <br />New owner -occupied units affordable to households earning between 81% and <br />115% of AMI <br />0.15 point each <br />New units produced in the previous year that represent at least 10% of the <br />negotiated Livable Communities Act goal for new affordable housing <br />10 points <br />New units produced in the decade that are on track for meeting the decade's <br />negotiated Livable Communities Act goal for new affordable housing (e.g., 40% of <br />the goal produced after Year 4 of the decade) <br />10 points <br />Each project with at least 2% local contribution to Total Development Cost (TDC) 3 points each <br />Page - 50 I METROPOLITAN COUNCIL <br />
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