Laserfiche WebLink
106 <br />Sunwood Townhomes <br />Funding: LIHTC 9% Tax Credit <br />5350 - 5444 Sunwood Dr NW* <br />Year Built: <br />Total Units: <br />Affordable Units: <br />2003 <br />34 <br />27 <br />Affordability by Bedroom <br />1 BR: <br />2 BR: <br />3 BR: <br />4 BR: <br />2 <br />12 <br />12 <br />1 <br />Affordability by AMI <br />60%: 49 <br />Property Identifiers <br />HousingLink <br />MHFA <br />TC9: <br />4521 <br />D2743 <br />D2743, <br />MNA2002095 <br />Funding Dates & Programs <br />First known closing: 07/01/2002 <br />Most recent closing: 07/01/2003 <br />Earliest expiration: 05/16/2023 <br />Last Activity: New construction <br />County: County <br />Close Date: <br />Est. Expiration: <br />MHFA: LHIA <br />Close Date: <br />Est. Expiration: <br />MHFA: ARIF <br />Close Date: <br />Est. Expiration: <br />05/16/2003 <br />05/16/2023 <br />05/16/2003 <br />05/16/2023 <br />05/16/2003 <br />05/16/2023 <br />MHFA: Housing Tax Credits 9% <br />Close Date: <br />Est. Expiration: <br />*Some addresses within City of Anoka <br />Source: HousingLink - Streams Search, data through 12/31/2016 <br />07/01/2002 <br />07/01/2021 <br />Housing Cost Burden <br />According to the Metropolitan Council in 2018, 1,537 households in Ramsey are cost -burdened. <br />Being cost -burdened is defined as spending more than 30% of your annual income on housing <br />costs. Being cost -burdened by housing costs affects lower income residents at a higher rate than <br />higher income residents. <br />In 2016, the ACS data showed that of those households making less than $35,000 annually (which is <br />almost one third of Ramsey households), around 22% of those households spend more than 30% of <br />their annual income on housing costs. The percent of households who spend more than 30% of <br />their annual income on housing costs is much higher for lower income residents. Households that <br />make more than $75,000 per year rarely pay more than 30% of their income to housing costs - less <br />than 2%. <br />Approximately 17% of all households in Ramsey are cost -burdened to some extent. Ideally, no <br />residents in Ramsey would be cost -burdened. While this goal is not realistic or likely even <br />achievable, the City of Ramsey should strive to support housing options at all affordability levels to <br />decrease the burden on its residents. As the City tries to provide housing for all types of residents, <br />at all stages of life, maintaining low costs for residents with lower incomes is extremely important. <br />These types of residents could be seniors with fixed incomes, residents with disabilities, or <br />firefighters, teachers, non-profit workers, etc. The City of Ramsey is proactively working on their <br />Cily of RAMSEY <br />August 2018 Draft <br />Comprehensive Plan 2040 <br />