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Agenda - Council - 06/28/2016
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Agenda - Council - 06/28/2016
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3/17/2025 3:50:35 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
06/28/2016
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Table B-4:Calculation ofAdjustments toBand Shares <br />Chanhassen <br />Maplewood <br />° <br />At or below 30% AM] <br />31% t000%ofmw| <br />� <br />� Share of existing <br />� in <br />band <br />2.2% <br />27.0% <br />m% to 80% ofmw| <br />mmbelow 30%mw| <br />31mto50% ofxm| <br />51% tono% ofxm| <br />ma% <br />10.1% <br />mmm <br />orom <br />Share of existing <br />affordable housing <br />in band for average <br />community <br />Difference of <br />community from <br />average <br />Sber) 2- Calculate the share of the total allocation going to each band, adjusting for the <br />differences calculated in Step/. <br />To determine the share of each community's allocation that should go to each band, we <br />start with the "equal share" factor from the regional Need (Column AinTable B-5\,then <br />add the adjustment developed in Step 1. For example, 49.9% of the region'o total Need <br />lies in the 0Y6-30Y6 band; this iothe starting point for all communities. In Chanhassen, <br />where the share of existing affordable units in this band is lower than average, the <br />adjustment io+7.7Y6, which yields an adjusted share of57.5Y6. In Maplewood, where <br />the share of existing affordable units in this band is about average, the adjustment is very <br />small, which yields an adjusted share of 49.6% (close to the average share). The final <br />shares, in Column O. reflect benohrnarkingto attain the regional Need in each band. <br />Table B-5:Ca|cuationofShares for Band Breakdown <br />Chanhassen <br />Maplewood <br />"Equal ' each band ' <br />mmbelow ao%mw| <br />31mto50% ofxm| <br />I.Adjusted share of <br />(6) jifflocation to place <br />Adjustment from in band <br />51mtoe0mofxm| <br />mmbelow 00%mw| <br />o1v6tono%ofAM] ' <br />51mto80% ofxm| <br />Share of <br />allocation to <br />place in band <br />* Step 3.-Am)lvthe shares from Step 2k/the total allocation from Part 2. <br />In this otep, we use these shares (Column O of Table B-5\ to break the total allocation <br />developed in Step ofPart 2 into the bands of affordability. <br />The resulting allocations in each band, shown below in Table B-6, address the differences <br />in affordability within the set ofaffordable units in each community while maintaining <br />the total 8||0o8ti0n that addresses the differences in affordability (8S well as job/worker <br />balance) across communities. <br />Appendices <br />
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