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Figure 20: Components of the housing element of local comprehensive plans <br />-_ - <br />_ <br />_ <br />'-- <br />' <br />Existing housing needs <br />Under the Metropolitan Land Planning Act, local comprehensive plans must include a <br />housing element that addresses existing housing needs in the community— in other words, <br />the need for increased affordability for the people who already live (and already vote) in <br />the community. The existing housing assessment serves aothe starting point to determine <br />a community's existing housing needs. Complete housing elements analyze the existing <br />housing assessment through the lens of local knowledge and priorities, identifying clear, <br />specific housing needs to be addressed in the housing implementation program. Housing <br />elements must contain an assessment ofexisting housing, including at minimum: <br />* Number of existing housing units within the three bands of affordability: <br />- 3096 or |eoo of Area Median Income h4W10 <br />- Between 3196and 5096AM| <br />- Between 5196and 8096AM| <br />p Split 0frental and ownership housing <br />* Split of single-family and multifamily housing <br />* Units of publicly subsidized housing <br />* Number of existing households at incomes at or below 80% AM I that are experiencing <br />housing cost burden <br />* Arnap of owner -occupied housing units identifying their assessed values, <br />differentiating the values above and below what is affordable to afarni|y of four at 8096 <br />AMI (see Table 8) <br />This nnininnunn inf0Dn8b0n is both e8ak/ 8v8|8b|e and informative for existing housing <br />needs. While the Council will provide communities with basic data for their existing housing <br />assessments, the Council encourages communities to include any additional reliable data <br />that enhance their existing housing assessments. <br />Three: Council Policies and Roles toExpand Viable Housing Options <br />