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PROPOSED <br />REVISION - <br />ADDITIONAL <br />NEW <br />CRITERIA <br /> <br />1 to5 <br /> <br />1 to5 <br /> <br />Modest-Cost Homeownership Units - <br />Municipalities are ranked acco=ding to the <br />percentage of their total homesteaded housing <br />units in 1980 which are within a modest-cost <br />range based upon 1980 market value data <br />compiled by the county. <br /> <br />Modest-Cost Rental Units - <br />Municipalities are ranked according to the <br />percentage of their total rental housing <br />within a modest-cost range based upon the most <br />current available census data. (For example, <br />units renting for between $150 and $199, 1970 <br />census) . <br /> <br />New Modest-Cost Housing Achievements - <br />Municipalities are awarded points upon <br />verification of new modest-cost housing units <br />rented or homesteaded within their <br />jurisdiction for the first time during the <br />previous calendar year. When the number of <br />units represents a percentage of the city's <br />metropolitan fair share new modest-cost* <br />private market housing goal, points will be <br />awarded as follows: <br /> <br />10+ percent - 6 poin%s <br />6-9 percent - 4 points <br />3-5 percent - 2 points <br /> <br />* The Council will adjust the unit value and <br />rent limit for modest-cost housing annually <br />based upon ~uu determined income categories <br />for the SMSA. <br /> <br />EXPLANATION <br />FOR THE <br />ADDITIONS <br /> <br />Thz proposed ~ia r~pond to modest-cost housing <br />concerns containzd ~ ~z M~po~ L~d P~n~ng A~ <br />and ~ the Co~'s f~ s~ p~ for n~ mod~t-aost <br />~v~ m~k~ ho~ing. <br /> <br />13 <br /> <br /> <br />