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HomeMy WebLinkAbout2014 MC Affordable Housing Production Survey olas/14- ,..cirynailtoef • 2014 Affordable Housing Production Survey (Collecting data on housing production in 2013) Community name: Oak Park Heights Name of primary person completing the survey: Julie Hultman Telephone: 651.439.4439 x 1105 E-mail address: jhultman@cityofoakparkheights.com 1. The following table displays the information your municipality reported on the Metropolitan Council's 2013 Residential Construction Activity Survey. Please identify, to the best of your knowledge, the numbers of units intended for owner- occupied or rental property: Housing Type Total units permitted Owner-occupied Rental Single-family detached 0 Townhomes 0 Duplex/ triplex/ quad 0 Multifamily (5+) 0 2. Are you aware of any affordable rental developments, including rehabilitations for which financing transformed existing market rate units into affordable units in 2013? Please do not include the preservation/stabilization of existing affordable units. X No Yes (Please list below) 3. In 2013, were any single-family detached housing units built in your municipality using zero-lot-line* or other atypical detached housing site plan approaches to increase development density? Please do not include manufactured housing units. X No Yes If yes, how many? * Zero-lot line: Parcels where detached units are sited/constructed near or at the boundaries of the lot, which leaves little space between the units. 4. In the annual Metropolitan Council's Residential Construction Activity Survey, your community reported the following quantities of housing units removed from the housing stock. How many housing units were removed from your community's housing stock in 2013 due to city initiatives? Removed from stock due to city Housing type Quantity reported removed from stock initiatives* Single family detached p Townhomes 0 Duplex / triplex / quad 0 Multifamily units (5+) 0 Manufactured housing units (not included in the 2013 Building Permit Survey) *City initiatives: Any removal or demolition of a housing unit that is mandated by the city, i.e., to allow road construction; for development; or to remove vacant or nuisance units. 2014 Metropolitan Council Affordable Housing Survey 2 5. Previously, your community has identified instances in which it: • Allowed and encouraged the use of a local fiscal tool or initiative through language adopted in your comprehensive plan or local housing plan AND • Used such a local fiscal tool to assist affordable workforce or life-cycle housing development and/or preservation. If this is not a comprehensive list, please identify other examples that are currently in place. Housing rehabilitation projects are not applicable (they are included in question #7). A maximum of five examples of these applications may be identified even if more than five have been used. Collaboration and participation with: a community land trust; philanthropic foundation; or other non-profit organization to preserve long-term affordability X Community Development Block Grant (CDBG) funds Credit enhancements X General obligation bonds Housing revenue bonds Land write-down, sale, or acquisition Livable Communities Grants Local fee waivers or reductions X Local property tax levy X Local tax abatement Tax increment financing (TIF) Taxable revenue bonds X Other (please describe): Tax Exempt Revenue Bonds 2014 Metropolitan Council Affordable Housing Survey 3 6. Please identify examples used in 2013 in which your community: 1. Reduced, adjusted, eliminated, waived, or in some fashion was flexible in the implementation of a local official control, development, or local code requirement; OR 2. Formally committed (through policies or official controls) to make such reductions, adjustments or eliminations of requirements at the request of developers in order to facilitate the development or preservation of affordable or life- cycle housing. Up to five examples of the application may be identified, but no more than two for any single housing project. C = in 4-' co�`� n a) f _c C U a) CFI a) C E X '' v) Q N E- 4-, C .Y V ,.-. 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Previously, your community has identified instances in which it has in place and promotes locally-initiated or administered (city or county) housing preservation, home improvement and/or rehabilitation programs, or other tools available to its residents to keep their housing stock in sound condition. If this is not a comprehensive list, please identify other examples that are currently in place. Up to five examples of the application may be identified. Currently Available Housing maintenance code and enforcement (includes inspections) For rental housing (includes licensing) X For owner-occupied housing X Housing rehabilitation loan or grant programs For rental housing X For owner-occupied housing X Local tool sharing center or program (includes fairs or advisors) X Home improvement loan or grant program Home improvement resource center Other (please describe) 2014 Metropolitan Council Affordable Housing Survey 5 8. Please indicate the overall average net density* and number of new (or re-use) sewered and unsewered residential units for which building permits were issued in 2013. Please provide the density to the nearest one-tenth unit per acre. ** Not Applicable Sewered units Unsewered units permitted in permitted in 2013 2013 Single-family detached units Number of units permitted Net density per acre Attached units (townhomes, duplex, triplex, quad and multifamily) Number of units permitted Net density per acre *The formula for calculating net residential density is as follows: Net Residential Density = Total Units- (Total Area - Total Area Adjustments) Total Area Adjustments mean the exclusion of: • Arterial road right-of-way • Wetlands and water bodies • Public parks and trails • Natural resources mapped in the comprehensive plan and protected by ordinance • Outlots for future or non-residential development Local streets, alleys and sidewalks, as well as private parks, pools and tennis courts are not excluded from the total area. 2014 Metropolitan Council Affordable Housing Survey 6 9. In 2013, did your community acquire land to be held specifically for development or redevelopment as affordable senior housing (exclusively 55+)? X No Yes If yes, describe the land acquisition and the intended development for such land: 10. In 2013, did your community approve (permits may be drawn at any time) the development or local financial participation in a proposed development of new affordable or senior (exclusively 55+) housing? X No Yes If yes, how many units were approved? 11. In 2013, did your community approve the involvement of the municipality in the preservation and reinvestment in affordable or senior housing which has not yet been undertaken for reasons beyond the municipality's control? X No Yes If yes, how many units were approved? 12. During calendar year 2013, did your community expend local dollars toward affordable or life-cycle housing representing at least 85 percent of your municipality's Affordable and Life-Cycle Housing Opportunities Amount (ALHOA)* of $ 25,728? X No Yes If no, please explain why ALHOA expenditures were not made: Funding restraints, including loss of local government aid. *ALHOA: The Affordable and Life-Cycle Housing Opportunities Amount (ALHOA) represents the minimum amount of local discretionary expenditures or contributions to assist the development or preservation of affordable and life-cycle housing for that participation year. The ALHOA is not a grant from the Livable Communities Act (LCA). It is a required local contribution or expenditure of local dollars on affordable housing. In order to continue to participate in the LCA program, communities must expend or contribute at least 85 percent of their ALHOA obligation for the applicable year. Communities have some flexibility in determining which local expenditures fulfill the ALHOA contribution. Examples include local dollars contributed to housing assistance, development or rehabilitation efforts, the costs of local housing inspection and code enforcements, or local property taxes to support a local or county HRA. 2014 Metropolitan Council Affordable Housing Survey 7 Dear Community Official, The Livable Communities Act of 1995 requires the Metropolitan Council to report to the Legislature annually on the progress of Twin Cities area communities toward providing affordable and lifecycle housing for their residents. This report requires information on the production and affordability of new housing in each community. The definitions of affordability for owner-occupied and rental housing units for 2013 are available online here. The Metropolitan Council reports on housing development in all communities, whether or not communities participate in the Livable Communities Act programs. Your responses on the attached survey help the Council determine local housing performance scores (Guidelines for Priority Funding for Housing Performance). This can be critical if your community is contemplating applying for funding through the Livable Communities Act or the Regional Solicitation of Federal Transportation Projects over the next 12 months. Council Research also uses the information on housing development collected through this survey to develop our annual population and household estimates. Mandated by state statute, the Council's annual estimates are the official population numbers for state government purposes, including distribution of Local Government Aid, distribution of Local Street Aid, and calculation of tax-base sharing under the Fiscal Disparities Program. We ask that you complete the attached Annual Affordable Housing Production Survey and return it via email. If you would prefer a printed version of this survey, please let me know and I will send a copy that can be mailed back. Please respond no later than July 25`h, 2014. If you are no longer responsible for this information in your community, please forward this request to the appropriate individual(s). If you have questions on how to respond to the survey, please contact Joel Nyhus at (651) 602-1634 or joel.nyhus@metc.state.mn.us Thank you for your invaluable assistance. Sincerely, Joel Nyhus Metropolitan Council Community Development - Regional Policy and Research Information Item Community Development Committee Meeting date: February 4, 2013 ADVISORY INFORMATION Date: January 8, 2013 Subject: Livable Communities Act - Ownership and Rent Affordability Limits 2013 District(s), Member(s): All Policy/Legal Reference: Livable Communities Act, Minnesota Statute 473.25 Staff Prepared/Presented: Libby Starling, 651-602-1135 Division/Department: Community Development / Livable Communities Proposed Action None. Information only. Background The Council's definition of"affordable housing" represents the upper limit of monthly rents and home-purchase prices for housing referred to in Framework policy as affordable to low- and moderate-income families. These income limits for determining affordability have been a part of the foundation for goals negotiations and monitoring of goals progress with Livable Communities Act (LCA) participating cities since 1995, and have been the basis for counting all new affordable units in the housing stock, i.e., all new publicly-assisted and market rate units affordable to low- and-moderate income households. For units constructed in 2011 and beyond, the Council is using a consistent income limit of what a family of four with an income at or below 60 percent of area median income (AMI) can afford to pay in monthly housing costs for either rental housing or mortgage costs (including principal, interest, property taxes and home insurance). This level is also consistent with the preference adopted in 2001 by the Local Housing Incentives Account Additional Metropolitan Housing Implementation Group (MHIG) Funding Criteria for funding homeownership units affordable at 60 percent of area median income. Through 2010, the Council had identified a purchase price ceiling or target maximum price for owner-occupied homes based on what a family of four with an income at or below 80 percent of AMI could afford at prevailing interest rates. For affordable rental units, the Council had previously used the maximum monthly rents affordable for households at 50 percent of AMI. For 2013, HUD is calculating in area median income for a family of four of 2013 of $82,300, down slightly from 2011 and 2012's area median incomes of $83,900 and $82,700 respectively. il METROPOLITAN Area Median Income for a family of four Minneapolis-St. Paul Metropolitan Statistical Area U.S. Department of Housing and Urban Development 2013 2012 2011 Area median income $82,300 $83,900 $82,700 60% of area median income $49,400 $50,340 $49,600 30% of area median income $24,700 $25,170 $24,800 Applying an interest rate on a 30-year fixed-rate home loan of 3.25 percent for 2013 and other payment factors' to the 60 percent of area median income amount adjusted for a family of four ($49,400), yields an affordable purchase price of $177,500 in 2013. This compares to a 2011 limit of $160,250 and a 2012 limit of $171,500. Record low mortgage interest rates offered by Minnesota Housing are driving the expanded income limit for 2013 despite the decrease in the area median income. To implement the Livable Communities Act in 2013, the Metropolitan Council will use as the upper limit of affordability for ownership purchase price and monthly rents, the following dollar amounts: 2013 HOMEOWNERSHIP Household Income Level: Affordable Home Price 60% of area median income ($49,400) $177,500 30% of area median income ($24,700) $80,500 2013 RENTAL HOUSING Bedroom size: Monthly gross Monthly gross Monthly gross rent including rent including rent including tenant-paid tenant-paid tenant-paid utilities, utilities, utilities, affordable at 30 affordable at 50 affordable at 60 percent of area percent of area percent of area median income median income median income Efficiency $432 $721 $865 1 bedroom $463 $772 $927 2 bedrooms $555 $926 $1,111 3 bedrooms $642 $1,070 $1,284 4 bedrooms $716 $1,193 $1,432 ' Assumes a 29 percent housing debt to household income ratio, 3.5 percent downpayment, a property tax rate of 1.25 percent of property sales price, mortgage insurance at 1.15 percent of unpaid principal, and $100 / month for hazard insurance.