01-16-1996 Planning Packet - Laserfiche WebLink

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■nc City of Orono Community Management Plan includes the foiiowing housing goals: 1. To improve the housing conditions of persons residmg in substandard housing. 2. To provide safe, healthful and hlight-ftee residences and neighborhoods. 3 To provide oppormnities for a mitt of housing types, locations and com rages »Wc7wm m«t the needs and provide adequate housing for all age and tamrly groups. 4 To nrovide housing tvpes and residential densities consistent with environmental a^'^te^and^tth the availabUity of public services and faclmes. 3. To provide immediately beneficial housing programs for the greatest number of low and moderate income Orono residents. Challenges facing Orono in meeting include: Affordable and Life-Cycle Housing goals Available land zoned to allow up to 4 dwelling units ^r building ^oi^ m Lroximatelv 20 acres. This is all withm the MUSA, but land costs may be too'high to support housing meeting Affordabdity gmdeltnes. A ..ion of the Hiehwav 12 corridor north of U.S. 12 between Willow Drive and Old Crysul Bay Road is plai^ for dtveloomem The available ac -age will yield perhaps 50-100 umts. Howev^e.-. it is again questionable whether such development could meet Affordability guidelines due to high land costs. Land values surroundtog Lake Minnetonka are so high that development of Affordable housing may not be econormcally feasible. A )ldcr nei^hborhoods near the lakeshore are redeveloped, it is increasiPdv difficulim maintain the existing level of increasing, renlacine old seasonal lakeshore cabins with high v7rho7s does not seem to be waning, rnn.;miction valuation in the rural area averaging nearly $400,000 per timt an? Ae Existing affordable housing stock constantly being upgraded by ad^tioiii and remodeling, it wiU be very difficult to mamtain the curren percentage of housing in the Affordable price ranges.