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

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While access to transit can expand household transportation choices particularly for low-income households, access to transit should not constrain where additional affordable housing is constructed. Even among the lowest income households —those earning less than $30,000ayear--04Y6ofall trips are byautonnobi|e.w Local governments whose comprehensive plans do not guide an adequate supply of land to meet their allocation of affordable housing needs are not eligible to receive grants through any of the Livable Communities Act programs. Local governments that do not negotiate affordable housing goals with the Council are not eligible to receive grants through any of the Livable Communities Act programs or [}EE[}'a Contamination Cleanup and Investigation Grant Program. While Not -In -My -Back -Yard sentiments persist among residents in different corners of the region (in both traditionally suburban locations as well as core center city neighborhoods), many local governments now recognize the importance of providing the full range of housing choices 10their residents. In leveraging this interest, the C0unoi|\sf0ouS is to identify and address institutional challenges to suburban affordable housing development, whether lack of investor priorities or underdeveloped local government capacity, to navigate the complexities ofaffordable housing development. Council role • Work with communities to create a mix of housing affordability, including subsidies to strategically locate market -rate housing in areas that lack such options as well as affordable housing inareas that lack affordability. • Use Livable Communities Act resources to both catalyze private investment in Areas of Concentrated Poverty and attract affordable housing to higher -income areas. • Work with our partners and stakeholders to identify indicators to measure how projects, supported with Council resources, advance equity, including providing opportunities to residents of Areas of Concentrated Poverty, lower -income households, and people with disabilities. • Identify and address institutional challenges and barriers, including a lack of funding, to affordable housing development in Suburban, Suburban Edge, and Emerging Suburban Edge locations. • Encourage private market interest in these targeted areas through transit investments, education, and marketing support tolocal communities. Local opportunities • Plan for neighborhoods with a mix of housing affordability, including through the comprehensive planning process. p Continue or expand efforts to mitigate Areas of Concentrated Poverty with crime reduction efforts, investment incentives, and p|aoennaking initiatives (see more in Part |\8. p Provide or help fund counseling programs that support first-time homebuyers and homeowners at risk of foreclosure to create and sustain successful homeownership and wealth -building, particularly among lower -income households and households of color. "TWo:omwrmmes