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It b not feasible for Oronu to increase its level of affordable o^^'Ilc^-occupied housing from the <br />existing 30% (712 units) to the metro benchmark of 60%. For thb to ocoir, assuming no <br />(downgrading of the existing housing stock. Orono would have to iHiild nearly 1800 affordable <br />single family homes while placing a moratorium on construction of non-affordable housing. <br />(2372 X .30) = 712 affordable units currently <br />712 -I- X « .6 X (2372 + X) <br />X - (.6 X 2372) .6X - 712 <br />X - .6X » 1423 - 712 <br />.4X = 711 <br />X = 711/.4 » 1,778 units (2372 + 1778) » 4150 total units <br />(712 + 1778) =“ 2490 atlordables <br />2490/4150 - 60% <br />Similarly, for Orono to increase its affordable rental housing from 18% (43 units) to the metro <br />benchmark of 35%. 195 new affordable rental units would have to be created while building <br />no new non-affordable rental. <br />To accomplish the owner-occupied housing goal would require sweeeping changes to Orono s <br />comprehensive development plan, requiring major expansions of the MUSA and rezoning of <br />major portions of the City. <br />Under current development plans, it is unlikely that Orono can realistically accomplish more <br />than a few percent change in either rental or ow ner-occupied affordable housing levels.