Agenda - Economic Development Authority - 09/17/2015

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4) Provide a balanced housing supply, with approximately 90% ownership housing and 10% rental housing, to expand options for workforce housing and housing for young professionals. 5) Continue to develop more affordable singIe family housing such as condominiums and smai-Iot single family homes that mcludes higher architectural variety and quality. 6) Explore opportunities to attract executive level housing to provide a variety of housing choices and opportunities in the City. Goal 2: Revitalize/rehabilitate areas where the housing is aging and n need of repair and where the land is underutilized and/or has poteritial for future redevelopment consistent with the CompieFHensive PIan. [{}ma separate sheet please describe how your project witi use one ofthe following implementation strategies to achieve this goal. Word limit =5O8 words] 1) Encourage residents to upgrade the functionaUty and marketability of their aging housing, and put quality additions on as they neecl more space. 2) Provide options for residents to subdivide if consistent with and allowed by the Comprehensrve PIan. 3) Encourage redevelopment where land has potential for future development consistent with the Comprehensve PIan. Goal 3: Maintain and improve the housing stock to preserve the character and quaity ofexisting neighborhoods. [On a separate sheet please describe how your project will use one of the foliowing implernentation strategies to achieve this goal. Word limit = 500 words] 1) Encourage the deveopment of homeowner's associaflons or common interest cornmunities for areas of older rnultifamily housing and new subdivisions of smaller lot neighborhoods. 2) Ensure that new housing deveiopments provide appropriate density transition with existing established neigh borhoods. Housing Assistance Policy FiriaI Draft Affordable (03/20/2014) 5