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between $90,000 uml $I20.(MM), serving people at about 80% of the median or less, <br />instead of using tlie Metrop«ilitan Council’s figure of affordability. <br />For new construction, the City requires that between 10-20% of the development be <br />alTordable through the Fund Trust. <br />2. City of C'haska (Director of Planning and Development. Kevin Kingwuld ) <br />The City of Chaska has recently created the Chaska Community Land Trust, with the <br />a.ssistunce of the (’ity of Minnetonka, to provide sustainable alfordable housing. <br />file City provides developers with significant density bonu.ses tm their sites in <br />exchange for at least .'^0% of the units as affordable units. Of the 30%. 25% become <br />affordable through deed restrictions and the remaining 5°b through the Land Trust. <br />The City believes that the only permanently affordable units developed are those <br />through the l.and Trust since re.strictions on deeds are lifted after 30 years. <br />A case study from the City of Chaska is featured in the Mayor's Regional Housing <br />Task Force, attached as Fxhibit B. <br />3. City of Chanhassen (Director of Planning. Bob (ienerous) <br />The C'ity of C'hanha.s.sen u.ses deed re.strictions in their affordable housing <br />developments. The City u.ses the consumer price index or a simple annual intlation <br />percentage rather than an average annual increase (provided by the Ml which <br />proved to imike htuising unatTordable in a short period of time. <br />The City reduces the cost of the development, to allow for affordable units, by <br />permitting higher densities, clu.ster development, relief from infrastructure costs or <br />reducing developer fees. <br />4. City of Plymouth (• lousing Manager. James Barnes) <br />The City of Plymouth also chooses to u.se deed restrictions tin alfordable housing <br />units to maintain affordability. The Housing and Redevelopment Autliority (HR/\) <br />enters into an agreement with the develo|x*r and rectirds restrictions on the deed for <br />resale values over 30 vears. <br />Tlic Plymouth Cit> C'ouncil has investigated l and Trust but have determined that <br />the\ are not intere.sted in creating or joining one at this time. <br />If the (’ity is interested in pursuing affordable housing, there are a number of <br />representalixes from cities and the local Land Trust that would be willing to speak with <br />the Council about their successes. <br />3