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• • ^ <br />ctces <br />Housing Goals and Benchmarks <br />How to Use the Index <br />Preparing Action Plans <br />The agreed-upon goals should be considered in the preparation of action plans by a community. The <br />action plan should be based on a comparison of its index to the benchmarks for each of the six measures <br />across the three categories (affordability, life-cycle and density). There are three possible situauons for <br />each measure: the index is lower than the benchmark range, within the benchmark range, or above the <br />benchmark range. <br />In each case where an index is below the benchmark range, the city's acuon plan should set forth imple­ <br />mentation activities that will help it move towards the benchmark. For example, if a city has multifamily <br />housmg density' that is below the benchmark range, it should consider actions such as increasing the <br />density allowed in future development, imposing a minimum density ’ standard, and/or creating incentives <br />to encourage higher density development, such as density bonuses in a Planned Unit Development Ordi­ <br />nance. <br />If an index is w ithin the benchm.'rk range, the city should plan actions to maintain its position w ithin the <br />ran2e. For e.xample. if a city has an owner/renter mix that is within the benchmark range its plan might be <br />a rev iew of land use plans for future dev elopment to assure there is sufficient land for development of the <br />types of housmg that would keep the city within the range. <br />If an index is above the benchmark range, the city's objective should be to stay within the range. For <br />example, if a city has a percentage of single family housing valued below SI 15.000 that is above its <br />benchmark ranee, it can increase the amount of higher priced housing in the commuity as long as it does <br />not result in the affordable ownership percent falling below the benchmarks. <br />goals pm5 3-l6#'93