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CR 95-205 Adoption Of Goals• o November 14, 1995 Overview Council Rpt #95 -205 ADOPTION OF GOALS - METROPOLITAN LIVABLE COMMUNITIES ACT Proposed Action Staff recommends approval of the following motion : Authorize execution of Metropolitan Livable Communities Act Housing Goals Agreement. With this motion, the Metropolitan Livable Communities Act Housing Goals Agreement will be executed and forwarded to the Metropolitan Council. The Metropolitan Livable Communities Act was enacted in June 1995 and is the Legislature's attempt to address various issues facing the seven - county metropolitan area. The Act establishes a Metropolitan Livable Communities Fund which consists of three accounts: the Tax Base Revitalization Account; the Livable Communities Demonstration Account; and the Local Housing Incentives Account. The goal is to provide incentives to expand housing opportunities for low and moderate income families and funds for the clean -up of polluted land. Cities have the option whether to participate in the Local Housing Incentive Program, administered by the Metropolitan Council. Participating allows the City competitive access to the three funding sources. If the City elects not to participate, it is not eligible for funding through the three LCA accounts or the DTED polluted sites fund. The City of Hopkins elected to participate in the program by adopting a resolution at the November 15, 1995, City Council meeting. To continue our eligibility, the City must adopt housing agreements and goals by December 14, 1995 and develop an action plan by June 30, 1996. If the City chooses to participate in the program in 1997, it will also be required to spend a certain amount on affordable housing. Primary Issues to Consider o What does the agreement entail? o How were the goals established? o What is the next step? Supporting Information o Housing Goals A erste lveru ousing Coordinator t - Metropolitan Livable Communities Act Housing Goals Agreement Council Rpt. 95 -205 Page 2 Analysis of the Issues The agreement outlines the following principles that the City supports: o A balanced housing supply with housing available for people at all income levels and in all stages of the life -cycle o The accommodation of all racial and ethnic groups in the purchase, sale, rental and location of housing o Well- maintained housing and neighborhoods o Housing developments that respect the natural environment while striving to accommodate the need for a variety of housing types and costs o The availability of a full range of services and facilities for our residents, and the improvement of access to and linkage between housing and employment. Additionally, the agreement outlines six goals for the City in the areas of affordability, life -cycle housing and density. The City's goal is to maintain an index within or above the benchmark ranges. This allows the City great flexibility as our index is currently above the benchmarks and only through drastic measures would we fail to meet our goals. The goals have been recommended by the Met Council based on benchmark indicators for communities of similar location and stage of development. Because the City of,Hopkins exceeds the benchmarks in all areas, the Met Council has asked that our goal be to not fall below the benchmark levels. The next requirement for participation in the program is to submit to the Met Council an action plan outlining how the City intends to met the goals. This plan must be submitted to the Met Council by June 30, 1995. Staff would recommend that in conjunction with the preparation of this plan, that the overall housing strategy be reviewed and updated as needed. Alternatives o What does the agreement entail? o How were the goals established? o What is the next step? The Council has the following alternatives regarding this issue: o Authorize execution of Housing Goals Agreement as recommended by staff. o Amend the principles and/or goals of the agreement. o Withdraw from participation in the Metropolitan Livable Communities Act program. o Continue this item for more information. i t i ' -' ; m • ' ` e44 ;r f r T fi - A !, ,. 3 if { P ?\ ! { --y 4-'i .... " F? ,'R n � ` f ? Ownership CITY INDEX r r � . 4 a >!r, I a1[�O ,... \,. -, Y om• � :: " '?l_ .�. :�� 81% BENCHMARK •.-. .4 e <"s 14 +•'' i�'�� „{ Q .Af.� > � . � -i7 60 -77% Rental • - 'i Y. ,5 � 6 - .��?i` `•C. y �: . i; ' ■ *t.. ' %iJf vV 4 ! • �i.' \ {!4 � �.. �,. « 0At fi+4r�f!:. :1 : :a .. .r..r ai,µ 45% ..v!.,, x.n { �1r. '.:\ d< � ` C Y• v ” M ` .t > ae 72% 37-41% - gyp ... ' A il 4 . , '. fi '. r (k,,. ha ,. ,,, 37-41% Type (non - single family detached) Owner/Renter Mix 35/65% (64- 67)1(33 -36)% ` 'r''' y :�'•• S •� , • riy � r 4 • >.;N. ^', i2 •••4 -:# i � i�� + f . � °���� i r � Single - family Detached - .• '�if-�i2Y ^4 „,1A - ^ �d''^ `.`�`^' A `. ? /,`'•.�p' i'5' , 3.2 /acre y�f�+•0:„: } l�:''M` •Fn .. 1.8 -2.9 /acre Multifamily 18 /acre 14 -15 /acre PRINCIPLES CITY OF HOPKINS HOUSING GOALS AGREEMENT METROPOLITAN LIVABLE COMMUNITIES ACT The City of Hopkins supports: 1. A balanced housing supply, with housing available for people at all income levels. 2. The accommodation of all racial and ethnic groups in the purchase, sale, rental, and location of housing within the community. 3. A variety of housing types for people in all stages of the life - cycle. 4. A community of well - maintained housing and neighborhoods, including ownership and rental housing. 5. Housing development that respects the natural environment of the community while striving to accommodate the need for a variety of housing types and costs. 6. The availability of a full range of services and facilities for its residents, and the improvement of access to and linkage between housing and employment. GOALS To carry out the above housing principles, the City of Hopkins agrees to use benchmark indicators for communities of similar location and stage of development as affordable and life -cycle housing goals for the period 1996 to 2010, and to make its best.efforts, given-market conditions and resource availability, to maintain an index within or above the benchmark ranges for affordability, life- cycle, and density. To achieve the above goals, the City of Hopkins elects to participate in the Metropolitan Livable Communities Act Local Hosing Incentives Program, and will prepare and submit a plan to the Metropolitan Council by June 30, 1996, indicating the actions it will take to carry out the above goals. CERTIFICATION Mayor KE11145A Date