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City of Ramsey 2030 Comprehensive Plan Update <br /> Chapter 7:Housing Plan <br /> ownership or rental housing affordable to households earning at or below 60% AMI. According to the <br /> estimated growth needs for housing units between 2010-2030 as noted above, the City of Ramsey should <br /> strive to provide 28% of the 4,085 medium to high density multifamily housing units as affordable to meet <br /> the Metropolitan Council identified goals by 2020. According to the Metropolitan Council, the Update <br /> provides for an affordable housing need share of 669 units. <br /> Considering that ownership housing would require a purchase price at or less than $152,000 and rental <br /> properties would need to charge rent at or below $1,177 for a family of four in 2007, Ramsey will need to <br /> consider a wide variety of housing options to achieve the Metropolitan Council's forecasted need. Those <br /> options will likely be additional rental housing and/or ownership multifamily or small lot housing that is <br /> developed in partnership with non-profit housing groups such as Habitat for Humanity and community land <br /> trusts. <br /> City of Ramsey 2030 Comprehensive Plan Page 7-9 <br />