01-24-2000 Council Work Session - Laserfiche WebLink

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I I I In response to the Met Council benchmarks, the City Council in Junel996 adopted a Housinti Action Plan identifying rehabilitation of existing substandard housing as the City ’s top priority, citing limited commercial-industrial development or employment opportunities, and limited availability of public services, as barriers to providing opportunities for life-cvcle and affordable housing in Orono. The Livable Communities Act additionally established a minimum required level of annual local spending towards affordable and life-cvcle housing needs, known as the Affordable Life-cvcle Housing Oportunities Amount (ALHOA) based on the City ’s homestead net tax capacity excesses. Orono*s oast expenditures toward the ALHOA have been primarily from Community Development Block Grant funds earmarked for residential rehabilitation urants and loans. I [ I I Meeting Sub-Regional Housing Needs Requires a Sub-Regional Approach The Metropolitan Council's Regional Blueprint suggests that each metropolitan area community is expected to provide a range of housing options to meet the needs of residents at all stages in the lifecvcle. and where feasible, increase options for affordable housing. Once needs have been identified, th r . a plan for meeting those needs must be established and implemented. The Lake Minnetonka area is comprised of a number of individual cities, both larue and small, each of which have the capacity to provide housing for certain 'niches'of the population, but few of which have the capacity to provide for all cateuories of lifecvcle or affordable housimi. In order to identify the existing life-cvcle and diversified housing, and to identify opportunities for such housing from a sub regional perspective, the 16 Lake Minnetonka Area Cooperatinti Cities (l.MACC) in 1998 prepared a Sub-Retiional Housing Study. The LMACC Study identified a number of kev issues which set the stage for addressini: problems and identifvimi opportunities for development ot adequate housinu in the subretiion. The kev issues re. tte to two primar\ factors: the changing profile of the LMACC cities, includinti demouraphics, life-cvcle housinu. population turnover, and low/moderate income households: and the housing stock, includin g market trends, housimi conditions, housinti valiics. and housing options The Study proposes a series of 6 Housine Initiatives, iiidudmg: A Subregional Approach to addressimi housimz needs; Actions to create Sustainable Communities; Development of Diversified Housing Options: listahlishment of Sunnort Scr> iecs such as transit access, child care assistance, etc. 21 21 4j CMP 3C - 20 I