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Agenda - Council - 06/28/2016
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Agenda - Council - 06/28/2016
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Meetings
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Agenda
Meeting Type
Council
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06/28/2016
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*Step I.- Calculatepre-adjustedallocation proportionate to forecasted household net <br />growth. <br />Ao0mmunitv\s initial, "pre -adjusted" 8||0o8ti0n is proportionate to its forecasted <br />household growth: the more households it is expected to add, the higher its allocation <br />will be. Specifically, the pre -adjusted allocation iS33.2Y60feach community's forecasted <br />household net growth.8 This percentage comes from dividing the regional Need (37,900) <br />hvthe forecasted household growth across all sewer -serviced areas (114'305). <br />For example, Chanhassen and Maplewood both have forecasted net growth of 1,900 <br />households and thus a preliminary allocation of 630 housing units (33.2% of 1,900), as <br />Table B-1 shows. <br />Table B-1:Calculation ofPre-Adjusted Allocation <br />Chanhassen <br />Maplewood <br />pStep ��Adjust thepre-adjusted allocation upwards or downwards according to the <br />balance oflow-wage jobs and workers and the existing affordable housing shnc/c <br />The pre -adjusted allocation is adjusted as follows: <br />- Existing affordable housing stock: A community's allocation is increased if its existing <br />affordable housing share is less than that of the average community with sewer service. <br />A community's allocation is decreased if its existing affordable housing share is greater <br />than that of the average community with sewer service. This is measured by the <br />proportion of existing housing units that are affordable, as described above. <br />- Balance of low -wage jobs and workers: A community's allocation is increased if it <br />imports workers in low -wage jobs to a greater extent than the average community. A <br />community's allocation is decreased if it imports workers in low -wage jobs to a lesser <br />extent than the average community. This is measured by the ratio of low -wage jobs to <br />residents working in low -wage jobs, as described above. <br />Because the jobs/workers ratios (which range from 0.20 to 2.82) and the existing affordable <br />housing shares (which range from 3% to 100%) have such different scales, any adjustments <br />based on the raw measures could unintentionally let one adjustment have more influence <br />over the final allocation than the others. We address this by standardizing these raw <br />measures, also known as converting them into Z-scores, with the formula: = (X-X] - SO. <br />HOUSING POLICY PLAN Appendices <br />
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