Agenda - Economic Development Authority - 04/13/2017

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4) Provide a balanced housing supply,with approximately 90% ownership housing and 10%rental housing,to expand options for workforce housing and housing for young professionals. 5) Continue to develop more affordable single family housing such as condominiums and small-lot single family homes that includes higher architectural variety and quality. 6) Explore opportunities to attract executive level housing to provide a variety of housing choices and opportunities in the City. Goal 2:Revitalize/rehabilitate areas where the housing is aging and in need of repair and where the land is underutilized and/or has potential for future redevelopment consistent with the Comprehensive Plan. [On a separate sheet please describe how your project will use one of the following implementation strategies to achieve this goal.Word limit=500 words] 1) Encourage residents to upgrade the functionality and marketability of their aging housing,and put quality additions on as they need more space. 2) Provide options for residents to subdivide if consistent with and allowed by the Comprehensive Plan. 3) Encourage redevelopment where land has potential for future development consistent with the Comprehensive Plan. Goal 3:Maintain and improve the housing stock to preserve the character and quality of existing neighborhoods.[On a separate sheet please describe how your project will use one of the following implementation strategies to achieve this goal.Word limit=500 words] 1) Encourage the development of homeowner's associations or common interest communities for areas of older multifamily housing and new subdivisions of smaller lot neighborhoods. 2) Ensure that new housing developments provide appropriate density transition with existing established neighborhoods. Housing Assistance Policy Final Draft—Affordable(034/208 /2014) 5