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[��� !U' /��D��U�'f'��fn� �'�U�����'�� <br />| `~/� +v. �/ /� ��� m �� n �� /c^�� <br />rr� !,unities ' ~ `~ � ~' <br />The process ofdeveloping this Housing Policy Plan has produced rich conversation and <br />discussion over the last year. However, ithas become clear that the region needs tohave <br />broader, richer dialogues beyond what the Council was able to achieve in developing <br />this plan. This part of the plan describes areas where the Council intends to convene <br />collaborative regional discussions on how to move ahead in the coming years: <br />* Reducing barriers to development of mixed -income housing and neighborhoods. <br />p Improving the alignment 0fhousing policies and decisions nn8d8 by school districts. <br />* Expanding the supply of housing options accessible to seniors and people with <br />disabilities. <br />* Assessing the feasibility of risk -sharing strategies. <br />* Increasing housing variety and affordability through common interest communities. <br />* Developing shared regional strategies to affirmatively further fair housing and address <br />housing discrimination. <br />p Building vv88|th and expanding investment in A[88G of Concentrated Poverty. <br />If appropriate, the Council will amend the Housing Policy Plan to reflect any new policy <br />direction emerging from these discussions. <br />Reduce barriers fndeve|oQni-entrf[i,J ed-nco[i­ehoUsing <br />and n eiQhhsrhoods <br />Mixed -income housing development holds the potential to create vibrant, diverse <br />communities that offer choices to a range of households. Moreover, mixed -income <br />development can b8more politically viable and appealing t0neighbors than developments <br />of solely affordable units. The financing of mixed -income housing, however, presents several <br />special challenges. How the region collectively overcomes these barriers will have important <br />implications for the prospects of households of varied incomes within properties, districts, <br />and neighborhoods such aotransit station areas. <br />What i8mixed-income housing? <br />Mixed -income houoing, in its strictest sense, refers to developments that mix market - <br />rate or income -unrestricted units and subsidized units affordable to low- and moderate - <br />income households. One previously common approach is the so-called "80/20." In these <br />deve|opnnenta80Y6 of units are market rate and 20Y6 are affordable, and the market -rate <br />rentoareexpectedtohe|perooa-ouboidizetherenta|revenue^|oot^byinc|udingthe <br />affordable units. This approach, however, inappropriately polarizes the market -rate and <br />affordable components by creating the presumption that the market -rate rents are high and <br />HOUSING POLICY PLAN <br />FOUR: Opportunities for Collaboration <br />