Agenda - Council - 06/28/2016 - Laserfiche WebLink

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for households— allowing more people the options of driving fewer miles, not owning a car, or having fewer cars per household. This integration of residential development and transit planning also supports high transit demand. As our region makes significant investments in transit, particularly transitways, we must also take steps to minimize and mitigate the impacts of neighborhood change along transit that can displace existing low-income residents. Taking proactive steps to preserve mix of housing affordability protects housing options for existing low-income residents alongside the newer higher -income residents and rising housing costs that transit investments attract. Council role • Assist local governments in planning for increased residential density in strategic transit and transportation corridors. • Focus transit investments where housing densities support transit already or are guided to support such densities through the comprehensive planning process. • Provide technical assistance for station area planning that maximizes residential densities where appropriate (see more in Part |||). • Provide Livable Communities Transit -Oriented Development grants that support housing development along transit corridors to expand housing choices along transit. • Define density expectations for new housing and mixed -use development and redevelopment at transit stations and along transit corridors. p Expect local plans and programs to create or preserve a mix of housing affordability in transit station areas. p Align Council r8S0urC8S and work with other partners to help create or preserve 8 mix of housing affordability along the region'atraneit routes and corridors, helping low-income households benefit from transit investments. • Promote transit -oriented development that ensures a mix of housing affordability in transit station areas. • Develop guidance based on existing best practices to aid cities (or coalitions of cities along a particular transit corridor) in the identification of high opportunity sites, districts, or areas. Local responsibilities • Plan for increased residential density in strategic transit and transportation corridors. • Work with local and regional partners to plan for major transit investments. Local opportunities * Develop 8focused strategy for preserving existing housing —particularly higher -density housing with a mix of housing affordability— located near current and future transit areas. 25Minnesota Preservation Plus Initiative, The Space Between: Pealifies and Possibilities in Preserving Unsubsidized Affordable nentalHouxins(2o13).Retriewedhnmhttp://www.fhfund.org/wp'oomenvup|oods/2o1m06/Spooe_Between_Fino|_June'zo1n. pdf. 26 Ibid. HOUSING POLICY PLAN "TWo:omwcomq*