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fe <br />yl <br />Stewardship advances the Metropolitan <br />Counci|\ulongstanding mission oforderly and <br />economical development hvpreserving the <br />re8ion'oexisting housing stock and leveraging <br />housing investments with our existing <br />infrastructure and planned investments. <br />Because housing and residential land use <br />patterns are durable, often lasting generationo, <br />it iocritical that residential development <br />advances the broader Council policy 0forderly <br />and efficient land use across our region. <br />KEY TAKEAWAY: <br />Maximizing use of the regionb <br />existing housing stock, and <br />leveraging existing infrastructure <br />and planned investments, <br />provides the most cost-effective <br />approach t0meeting the housing <br />needs oftoday and tomorrow. <br />l8n8Qe, [�8int8in, and preserve the region/s existing <br />oUS'DgStQck and hQUS-Dg choices <br />The most affordable housing iogenerally the existing housing stock. Aoa <br />reoult, efforts to preserve the existing housing stock are critical. Addressing <br />housing needs ionot limited tonew development and redevelopment. <br />Maintenance and preservation of existing housing stock can meet many local <br />housing needs, can offer housing choices closer to many job locations, and <br />is generally |eoo expensive than construction of new units. Selective infiU <br />housing (built on empty lots within otherwise developed neighborhoods), <br />historic preservation, |ive/m/orkunito, appropriately designed accessory <br />dwellings, and adaptive reuse are also strategies to protect and expand the <br />re8ion'ahousing stock. <br />Overall, the regional housing stock is in good condition compared to many of <br />our peers, yet pockets ofdisinvestment and prolonged deferred maintenance <br />still exist in parts of the region. A careful and appropriate strategy supports <br />preservation, improvement, and modernization of structurally sound and <br />functionally relevant structures. It also provides new opportunities that help <br />individuals and families to move in or up to housing appropriate to their needs <br />and preferences. <br />HOUSING POLICY PLAN <br />"TWo:omwcomq* <br />