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The existing affordable housing stock has twice the impact on a community's allocation as <br />its ratio of low -wage jobs to low -wage workers because the existing housing stock is a more <br />stable and place -based indicator; workers are more likely t0move than iShousing stock. <br />Table 6:Adjustment factors tothe Allocation ofAffordable Housing Need <br />�4 <br />ct <br />* <br />rs <br />Ratio of low -wage jobs to <br />low -wage workers <br />Existing affordable housing <br />Need isincreased for <br />Relatively more low -wage jobs <br />+ <br />than low -wage workers living in the <br />community' <br />Lesser share of existing affordable <br />housing than the average sewereu <br />community <br />Need is rzOuced for <br />co�n rnunKies that have. <br />' 'Relatively more |=w` <br />wagejobs <br />Greater share of existing affordable <br />housing than the average sewered <br />community <br />So that |0c8| jurisdictions can plan toward 8St8b|e number in developing their local <br />comprehensive plan updates, the Council does not presently plan to revise the Need <br />numbers for 2021-2030. However, the Council adjusts the Allocation of Affordable Housing <br />Need for individual communities when the Council revises household forecasts as a result of <br />either comprehensive plan updates or amendments. If unforeseen shifts in the landscapes <br />of population growth and/or affordable housing need occur, the Council will consider an <br />update tothe Allocation ofNeed for 2021-2030. <br />Council actions: <br />* Distribute the local Allocation of Affordable Housing Need to each jurisdiction with <br />System Statements infall 2015. <br />* Review 2040 local comprehensive plan updates and subsequent amendments to verify <br />that each community is guiding an adequate supply of land to accommodate its share of <br />the region'o need for low- and moderate -income housing, i.e., the Allocation of Affordable <br />Housing Need. <br />Goals for Affordable and Life -cycle Housing (the Goal) <br />The 1995 Livable Communities Act (LCA) funds community investment that revitalizes <br />economies, creates viable housing options, and links land use and transportation. Under <br />state statute, communities choosing to participate in the program are eligible to receive <br />LCA funds. The LCA's voluntary, incentive -based approach requires a negotiation between <br />the community and the Council to determine long-term affordable and life -cycle housing <br />goals. The Council uses the community's Need as the base for negotiating the Goal, but the <br />community and Council may also consider availability 0fresources t0develop affordable <br />housing, market conditions, land costs, and existing concentrations of poverty as factors in <br />the negotiation process. <br />As mentioned previously, the Need and the Goal are frequently confused. Where the Need <br />is a proxy for demand for additional affordable housing that should be addressed in local <br />HOUSING POLICY PLAN Three: Council Policies and Roles to Expand Viable Housing Options <br />