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HomeMy WebLinkAboutCH4-HousingPLAN OF STILLWATER Chapter 4 : Housing 4-1 Housing Introduction As a maturing community, Stillwater has its share of challenges and opportunities to maintain its historic but aging housing stock, while simultaneously providing housing choices and life-cycle housing for all of its residents. Stillwater has historically had a wide variety of housing types to serve the needs of residents of different ages and income levels. A wide range of housing densities and types can be found from Downtown Stillwater to the still-developing western edge of the community. Demographic trends suggest that the metro area will see an increased demand for smaller, more efficient housing units as baby boomers retire and make different housing choices. With its unique access to amenities such as the river and retail options, Downtown Stillwater is uniquely situated to meet a portion of this demand. The Land Use Plan has also introduced a new land use category (i.e., mixed-use) along the Highway 36 corridor, which will offer new opportunities to meet a growing demand for residential development in a mixed use fashion. While growth rates may not equal those seen in the late 1990’s and early 2000’s, Stillwater’s developable parcels and redevelopment initiatives (e.g., Lakeview Hospital site and the Highway 36 corridor) will provide enough land capacity to achieve the housing forecasts projected for this planning period (see Table 4.1). Chapter 4 Contents Introduction ........................4-1 Goals & Objectives ...................4-2 Existing Conditions ..................4-3 Housing Affordability ................4-5 Implementation ....................4-12 Table 4.1: Housing Projections (Metropolitan Council) Year Households 2010 7,076 2020 8,400 2030 9,000 2040 9,600 4-2 PLAN OF STILLWATER Chapter 4 : Housing Goals & Objectives The City of Stillwater worked with its citizens, City Council, commissions and CPAC to develop housing goals with supporting objectives. The goals and objectives are the foundation of the Housing Plan, as they define what the community envisions its future to become. Housing Goals Goal 1. Provide a quality living environment for the residents of Stillwater by maintaining and improving the city’s existing housing stock and by planning for a range of new housing opportunities. Objectives 1. Maintain the city housing stock in good condition. 2. Maintain the mix of housing types and tenure in Stillwater’s older residential areas. 3. Retain the unique and/or historic character of existing residential. 4. Provide for a range of new housing opportunities from large lot single family to multifamily. 5. Ensure that all new housing, including high density, adheres to the highest possible standards of planning, design and construction. Goal 2. Provide a balanced choice of housing types and densities suitable to a wide range of demographic groups, with a focus on life cycle housing. Objectives 1. Locate multifamily and attached housing close to community services and public parks. 2. Locate assisted housing near transit lines and public parks. 3. Support the provision of a supply of affordable housing for the elderly, physically and intellectually disabled, and others with special housing needs who wish to live in Stillwater. 4. Encourage housing for a range of household income and age levels where local services are available. 5. Enhance the livability of residential areas through development controls and the provision of public facilities and services to meet the needs of the neighborhood. 6. Review affordable housing needs and develop a method of better matching needs to supply. Goal 3. Establish a housing pattern that respects the natural environment while striving to meet local housing needs and the community’s share of metropolitan area housing growth. Objectives 1. Explore development concepts such as higher density infill, mixed use developments, and cluster housing to maintain open space character and provide a mix of housing types. 2. Designate residential densities and housing types sensitive to natural resources and land conditions. 3. Use the planned unit development process for reviewing innovative development concepts and protecting natural resource areas. 4. Encourage innovative subdivision design including clustering techniques to preserve open space or natural features. Goal 4. Establish a community of well-maintained housing and neighborhoods including ownership and rental housing. Objectives 1. Encourage market rate rental apartments as an element of mixed use projects in the Downtown area. 2. Explore using TIF and other funds to provide housing rehabilitation grants to very low and low income, senior owner-occupied housing needing rehabilitation assistance. 3. Support efforts of Washington County CDA in providing assisted housing at appropriate locations. PLAN OF STILLWATER Chapter 4 : Housing 4-3 4. Support and actively promote housing rehabilitation programs for existing owner- occupied homes and rental buildings or units in historic neighborhoods. This includes promotion of County, State and non-profit programs. 5. Support and actively promote 1st Time Homebuyers programs to assist new homeowners entering the market for existing homes. Existing Conditions Stillwater has a good mix of housing available to its residents including single family detached, single family attached/townhome, condominium, and apartment housing. Characteristics associated with this housing stock are described throughout this section. Figures presented throughout this section are based on the 2012 – 2016 American Community Survey (ACS), unless otherwise noted. The ACS was the most comprehensive data set available for Stillwater during the time of this update. Housing Type As seen in Table 4.2, the majority of housing units in Stillwater are traditional single family homes (5,184: 1-unit detached homes). The second most common type is a 1-unit attached home (920 homes), which includes such housing types as townhomes or row homes. Stillwater has relatively few multiple-unit structures such as apartments. The percentage of multiple-unit buildings has increased with recent construction of new condominium projects in downtown and senior housing complexes in the western part of the community. It is important to ensure that there are housing choices for the current residents as they move through their life cycle and for the future residents as the demographics of the population changes (see “Community Background”). Housing Tenure In 2016, the Metropolitan Council reported a total of 7,958 units in Stillwater. This estimate determined 77% of all housing units were owner-occupied and 23% were renter-occupied (see Table 4.3). This ratio of owner-versus renter-occupied has stayed relatively the same since 2000, which consisted of 78% owner-occupied and 22% renter-occupied. National trends have indicated a larger shift in preference between renting and ownership. In general, this shift is linked to specific demographics such as the Baby Boomer generation who are downsizing and a younger population choosing to live in smaller units without the burden of a mortgage. The City should monitor the number of renter-occupied housing. Table 4.2: Units in Structure (2016 ACS) Table 4.3: Housing Tenure (Metropolitan Council) Type Number of Units Percent Owner Occupied 6,127 77% Renter Occupied 1,831 23% Total:7,958 100% 4-4 PLAN OF STILLWATER Chapter 4 : Housing Table 4.4: Age of Total Housing (2016 ACS) 2016 Year Built Number Percentage Total housing units 7,764 - 2010 or Later 145 2% 2000 to 2009 1,498 19% 1990 to 1999 1,081 14% 1980 to 1989 811 10% 1970 to 1979 1,097 14% 1960 to 1969 625 8% 1950 to 1959 503 6% 1940 to 1949 170 2% 1939 or earlier 1,834 24% of the rental units were built before 1980. Costly repairs and renovations can be challenging for apartment building owners because of limited revenues and financial assistance programs and need of major renovations which can lead to increased rents and a loss of affordability. Building Permit Trends Table 4.6 shows the number of residential building permits issued each year between 1997 and 2016. The City experienced a peak in new residential permits between 1999 and 2004 before leveling out in 2005. The city experienced a high in 2002 with the issuance of permits of 290 residential units. In 2016, 37 residential permits were issued. The City has also seen a growing interest in providing Accessory Dwelling Units (ADUs), which typically include a Conditional Use Permit (CUP). ADUs can be a living area located on the grounds or attached to a single-family home. The demand for ADUs has grown in popularity to accommodate aging parents. As Stillwater’s population ages, the City should explore updates to its zoning code that continue to support ADUs. ADUs are allowed in areas zoned in the Cove Traditional Residential (CTR) Traditional Residential (TR) and Two Family (RB) Table 4.5: Age of Rental Housing (2015 ACS) 2015 Year Built Number Percentage Total housing units 1,826 - 2010 or Later 9 0% 2000 to 2009 251 14% 1990 to 1999 176 10% 1980 to 1989 323 18% 1970 to 1979 224 12% 1960 to 1969 196 11% 1950 to 1959 99 5% 1940 to 1949 34 2% 1939 or earlier 514 28% Table 4.6: Building Permits (Stillwater) Year Number of Permits Percentage Change from Previous Year 2006 53 - 2007 40 -24.53% 2008 60 50.00% 2009 34 -43.33% 2010 45 32.35% 2011 54 20.00% 2012 39 -27.78% 2013 43 10.26% 2014 48 11.63% 2015 13 -72.92% 2016 37 184.62% Total 466 - Age of Housing Stock According to the 2016 ACS, the housing stock in Stillwater has a wide range of ages. Table 4.4 demonstrates healthy growth in built homes over each decade dating back to 1970. However, it is important to recognize that 54% of the homes were built prior to 1980. This large percentage of homes built prior to 1980 is of concern as the 30- year mark is often referred to as the point where homes may need major renovations and repairs, and houses built prior to 1978 were not constructed with current energy codes. Similar challenges face the City’s rental structures (e.g., apartments). For example, 58% (see Table 4.5) PLAN OF STILLWATER Chapter 4 : Housing 4-5 district. Providing this type of housing can offer the following benefits: • Create new housing units, while respecting the look and scale of single-family dwelling development. • Increase the housing stock in existing neighborhoods in a manner that is less intense than alternatives. • Allow more efficient use of existing housing stock, public infrastructure, and the embodied energy contained within existing structures. • Provide a mix of housing options that responds to changing family needs and smaller households. Sales and Market Value The 2016 median value of an owner occupied housing unit in Stillwater was slightly lower ($248,400) compared to Washington County ($253,300) as a whole. When comparing the average median value of owner occupied housing units between 2010 and 2016, Stillwater’s average median value decreased by 6%. Washington County also experienced a decrease of 5% during this time frame. Census estimates are not a true reflection of the current housing market in Stillwater. For example, the North Metro Realtor Association reported a median sales price for a single-family home in 2017 to be $316,000. This is a 26% increase compared to their 2013 reported sale price of $233,000. Housing Subsidies The City has a small number of buildings and scattered-site units (total of 727 units) that receive public assistance (see Table 4.7). Providing affordable housing to households at the lowest income levels is challenging without public financial assistance to help make that housing affordable. A limited number of public subsidies are available, primarily through federal project- or place-based assistance or through tenant-based assistance, more commonly known as the Section 8 Housing Choice Voucher Program. In the case of project-based assistance, a resident pays no more than 30% of their income toward rent and utilities. Housing Assessment\ The analysis of existing conditions and the community engagement process identified the following housing needs in Stillwater: • Increased variety in housing stock - the City predominantly consists of single-family residential homes. There is a need a variety of housing options, such as larger multi-family complexes, town homes, or senior housing options. • Expanding housing affordability - While Stillwater is more affordable than some surrounding communities, there still is almost a quarter of the population that is experiencing housing cost burdens. The City needs to continue to support and partner on affordable projects. • Maintaining existing housing stock - With its aging housing stock, it is important that the City supports maintenance and reinvestment efforts. This can be particularly important in neighborhoods of naturally occurring affordable housing. • Creating mixed-use opportunities – There is a need for live/work units. The City currently allows home occupations (the use of a residential dwelling for business, trade or professional purposes) with certain limitations. Future mixed-use projects could accommodate more intense live/work units along the Highway 36 corridor or in downtown (see Chapter 2 Land Use). 4-6 PLAN OF STILLWATER Chapter 4 : Housing Housing Affordability One of the most important factors in analyzing the housing stock is its affordability and marketability. Stillwater has a good supply of affordable housing stock within its existing and older housing stock. This is due to the age of the housing as well as the size of the homes, particularly in the older neighborhoods. These same factors also contribute the city’s marketability and housing value. With older and smaller homes, the average market value is less than that of the newer construction. It will be important to help homeowners to maintain this housing so it remains affordable. Meeting Regional Needs The Metropolitan Council has encouraged every community in the Twin Cities to strive to make a portion of its housing affordable at a range of income levels. Housing is technically considered affordable when it consumes no more than 30% of gross household income. Affordability is important because families that need to spend more than 30% of their income on housing costs may not have enough income left to afford basic needs such as food, child care, medical expenses, clothing, or transportation needs When households have incomes at or below 80 percent of the area median income (AMI), home ownership becomes a challenge. This household group tends to pay more than 30 percent of its income on housing and has less disposable income to pay for other goods and services. Also, those residents with lower incomes have significantly fewer housing choices to meet their family needs. In addition to income, the age distribution of households (older residents staying in their homes longer) has an effect on the availability of homes that are affordable. The following highlights Stillwater’s housing stock when compared to affordability measures: • In 2017, for a family of four, a household earning less than 80% of the Area Median Income (AMI) equated to an annual income of $68,000. At this income level, a four person family is able to afford the purchase of a home with a price of $236,000 or rent a two-bedroom apartment for $1,627 per month (see Table 4.8 and Table 4.9). • In Stillwater, 61% of all housing units are considered affordable to households earning no more than 80% of the Twin Cities AMI (see Table 4.10). • Forty-eight percent of Stillwater’s housing is affordable for households earning between 51% and 80% of AMI. However, households earning less than 30% of AMI can only afford less than 4% of the housing in the community (see Table 4.10). • Figure 4.1 depicts occupied housing by estimated taxable market value (2016) and shows that homes valued at $243,500 or less are spread throughout the community. Higher valued homes are also scattered across the City, although more concentrated in the western part of the community and along the St. Croix River. The median sale price in 2016 (American Community Survey) was $248,200. This sales price is within the 2016 price of $243,500 considered affordable to a household earning 80% of the median income (see Table 4.8). • The 2016 median rent in Stillwater, as reported in the American Community Survey was $981. This figure is lower than the maximum rent of $1,017 for a two bedroom unit considered affordable to a household earning 50% of the AMI (see Table 4.9). • In Stillwater, there are a total of 229 housing units within the 30% AMI purchase price threshold. However, there are 369 households paying more than 30% of their income for housing (see Table 4.11). • Approximately 20% of Stillwater households are cost burdened households. PLAN OF STILLWATER Chapter 4 : Housing 4-7 Table 4.8: Low-income Households and Levels of Affordability for Home Ownership (Source: U.S. Department of Housing and Urban Development & Met Council) 30% of AMI 50% of AMI 80% of AMI Affordable purchase price (2017)$85,000 $151,500 $236,000 Affordable purchase price (2016)$85,500 $153,500 $243,500 Table 4.9: Low-income Households and Levels of Affordability for Rentals (Source: U.S. Department of Housing and Urban Development & Met Council) Number of bedrooms: Affordable rent (including utilities) at 30% of AMI Affordable rent (including utilities) at 50% of AMI Affordable rent (including utilities) at 80% of AMI Studio $474 $791 $1,265 1-BR $508 $848 $1,356 2-BR $610 $1,017 $1,627 3-BR $705 $1,175 $1,880 4-BR $786 $1,311 $2,097 Table 4.10: Stillwater Housing Units by AMI Thresholds (Source: Met Council) All units <= 30% of AMI <= 30% of AMI 31% - 50% of AMI 31% - 50% of AMI 51% - 80% of AMI 51% -80% of AMI 81% of AMI and up 81% of AMI and up 7,958 299 3.76%726 9.12%3,834 48.18%3,099 38.94% Table 4.11: Percent of Housing Ownership Cost Burdened (Source: Met Council) Income Total Units Cost Burdened Households < 30%299 369 31-50%726 541 51-80%3,834 446 Total:4,859 1,356 Table 4.7: Publicly Subsidized Units (Met Council) All publicly subsidized units Publicly subsidized senior units Publicly subsidized units for people with disabilities Publicly subsidized units: All others 727 145 0 582 4-8 PLAN OF STILLWATER Chapter 4 : Housing Stillwater Bayport Baytown Twp. Grant Lake Elmo Oak Park Heights Stillwater Twp. - Owner-Occupied Housing by Estimated Market Value 1/5/2018 .1 in = 0.61 miles Stillwater County Boundaries City and Township Boundaries Streets Lakes and Rivers Owner-Occupied Housing Estimated Market Value, 2016 $243,500 or Less $243,501 to $350,000 $350,001 to $450,000 Over $450,000 Source: MetroGIS Regional Parcel Dataset, 2016 estimated market values for taxes payable in 2017. Note: Estimated Market Value includes only homesteaded units with a building on the parcel. Figure 4.1: Owner-Occupied Housing by Estimated Market Value (Metropolitan Council) 4-9NEALAVENPARIS AVE NGREELEYSTSOSGOODAVENCROIXWOODBLVD STILLWATERBLVDNWASHINGTONAVECUR V E C RES T BLVD W 60TH ST N OWENS ST NO RLEANS ST W OAKGREENAVENPINE ST W 2ND ST NBROADWAY ST S7 5 T H S T N B E A C H RDN3RD ST SD E L L W O O D R D N 6TH AVE SC H E S T N U T S T E M Y R T L E S T EMANNINGAVEN SAINTCROIXTRLNMAI N S T S S A I N T C R O IX T R L N59TH ST NMAINSTNOWENS ST SNORELL AVE NS T O N E B RI D G E T R L N W ILKINS ST W WILKINS ST E MCKUSICK RD N OLIVE ST W MYRTLE S T W 65TH ST NORLEANS ST E CHURC HIL L ST W CHURCHILL ST E HAZEL ST E LAUR EL ST W P IN E S T E L A U R E L S T E 62ND ST N NORTHLANDAVEMCKUSI CK RDDELLW OO D R D N Brick Pond South Twin Lake McKusick Lake Long Lake Lily Lake St.Cr o ix R i v e r ¬«21 ¬«66 ¬«23 ¬«24 ¬«55 ¬«5 ¬«5 ¬«64 ¬«11 ¬«15 ¬«12 ")36 ")95 ")95 ")96 ")5 µ0 2,000 4,0001,000 Feet Future Land Use Plan A B C DF E Highway 36 Mixed Use Lakeview Hospital Downtow n City Limit Legend Future Land U se Very Low Density Residential Low Density Residential Low/Medium Density Residential Medium Density Residential Neighborhood Commercial Downtown Mixed Use Highway Mixed Use Research, Development Park G Figure 4.2: Land Use Changes or Potential Development Areas This page intentionally left blank. PLAN OF STILLWATER Chapter 4 : Housing 4-11 Analysis of Need Through its regional planning efforts, the Metropolitan Council has prioritized housing affordability in the Thrive MSP 2040 Regional Policy. The Metropolitan Council determined the allocation of affordable housing needed to meet the rising need of affordable housing across the Twin Cities metropolitan region. Housing is considered “affordable” when no more than 30% of household income goes to housing. As such, households with different income levels have different thresholds of “affordable” (see Table 4.8 and Table 4.9). The Metropolitan Council has selected the four-person household thresholds as a general measurement for affordable housing needs at each income level. This allocation of affordable housing need is calculated based on a variety of factors including: • Projections of growth of households experiencing housing cost burden. • Current supply of existing affordable housing, whether subsidized or naturally occurring. • Disparity of low-wage jobs and housing for low-wage households within a community. Through these calculations, the Metropolitan Council has determined that the Affordability Housing Need Allocation for Stillwater between 2021 and 2030 is 227 units (see Table 4.12). The way that communities accommodate this affordable housing allocation is by designating adequate vacant land or developable land at minimum densities (units/acre) that are high enough for affordable housing to be an option. Essentially, the more units/acre allowed on a site, the less cost per unit to be built, which makes the development an option for affordable housing developers, as well as market-rate developers. The affordable housing allocation does not mean that the City must guarantee the construction of this many affordable units by 2030. Rather, through future land use guidance, the City needs to ensure that the opportunity for affordable housing exists by having adequate vacant or redeveloped land guided for higher densities to meet the stated share. In order to meet our affordable housing goals (see Table 4.12), the City has to identify which properties could be used to meet these needs using two different density ranges: • 12 units/acre to address the community’s allocation of affordable housing need at <50% AMI (197 units). • 6 units/acre to address the community’s allocation of affordable housing need at 51- 80% AMI (30 units). The best candidates would be properties in areas of the community that have the opportunity for infill or redevelopment, as well as areas with potential land use changes that could increase a property’s density from the 2030 Comprehensive Plan. Figure 4.2 identifies the properties that seem to be the best candidates. The acreage of these properties are then multiplied by the minimum units per acre to determine the minimum number of units that could be developed on this available land. Table 4.13 summarizes these calculations. It is important to recognize the Highway Mixed Use and Downtown Mixed Use categories for the redevelopment areas only require a proportion of their developable land to be residential. Those percentages were applied to the unit count calculations. Stillwater is more than able to meet its allocation of affordable housing need by 2030 (see Table 4.14). This assumes fairly aggressive redevelopment initiatives will occur along Highway 36 and within Downtown Stillwater. If this is achieved, the City can meet its affordable housing goal set at 12 units per acre (197 units) in these two areas of the community. The affordable housing goal set at 6 units per acre (30 units) will primarily be absorbed by the western part of the community that is guided for medium-density residential. This part of the community has several large tracts of undeveloped land available to meet this goal. 4-12 PLAN OF STILLWATER Chapter 4 : Housing Table 4.13: Stillwater Affordable Housing Calculations Growth Areas Net Developable Acres (\ Min. % Res. 2021 - 2030 Phasing Assumption Net Developable Residential Acres Min. Units/ Acre Units Highway 36 Mixed Use Mixed Use 136.53 30%35%14.34 12 172 Lakeview Hospital (existing site) Medium Density Residential 12.63 100%30%3.79 6 23 Downtown Redevelopment Mixed Use 4.84 30%100%1.45 25 36 Site B Medium Density Residential 11.90 100%50%5.95 6 36 Site E Medium Density Residential 25.65 100%25%6.41 6 38 Total 191.55 - - 31.94 -305 Table 4.14: Stillwater Affordable Housing Allocation Need Number of Units Per Acre Metropolitan Council Affordable Housing Allocation Need Stillwater’s Future Affordable Housing Calculations Difference 6 Units Per Acre 30 97 + 67 12 Units Per Acre 197 208 + 11 Total:227 305 78 Table 4.12: Stillwater Affordable Housing Goals (Source: Met Council) Affordable Housing Need Allocation Units At Or Below 30% AMI 117 From 31% to 50% AMI 80 From 51% to 80% AMI 30 Total Units 227 AMI = Area Median Income PLAN OF STILLWATER Chapter 4 : Housing 4-13 Implementation The following Implementation Plan identifies efforts Stillwater will pursue to create opportunities to maintain the existing housing stock, and to provide increased housing options for future residents. These implementation measures are designed as a resource tool the City can effectively undertake and enforce, while others are designed as tools to encourage developers to incorporate affordable housing into future development. However, barriers exist in the region, as well as in Stillwater that can make the development of affordable housing challenging. Some of these barriers are beyond the City’s control including: • Steady increases in land prices. • Increase in construction costs. When combined with land prices, it becomes more difficult to provide affordable units through new construction. • Physical limitations of land due to wetlands, poor access, poor soils that would increase the cost of land development or construction thus making it more difficult to build affordable units. • Limited amount of remaining developable land. • Higher costs for redevelopment. • State, county and local tax structures. To help overcome these barriers, the City has created a land use plan that support higher density development. Guiding land at these densities (6 units per acre and 12 units per acre) can make it financially feasible for a developer to build affordable housing or market rate housing. In an effort to help promote resources for developers and residents, the City has identified various housing programs available to the Stillwater area (see Table 4.15). These programs will be promoted by the City as it works towards its affordable housing goals. Housing Action Plan Moving forward, the City will look to develop a Housing Action Plan by the end of 2022. Developing a housing action plan that is dedicated and focused on the topic of housing will be an important tool for the City to better understand the critical housing issues facing the community and the most effective means to address them. This will enable future planning efforts to focus on solutions. The housing action plan is discussed in more detail in Chapter 12 Implementation, and recommends this initiative occurs in the next three years. In summary, the housing action plan should include: 1. Establish a Housing Improvement Area. Designate older parts of the community as an area of naturally occurring affordable housing (or housing improvement area) for the purpose of making funds available for updating and improving homes. Perform a comprehensive survey of the neighborhoods to identify demographic make-up, residents wishing to improve their properties, possible time-line for selling property, and type and location of housing desired by potential buyers. 2. Establish Housing Programs and Tools Evaluate financial impacts of various regulatory provisions to ensure they are not barriers to maintaining and preserving affordability. This can include exploration of financial programs and tools that may help in achieving sometimes conflicting objectives (i.e. high design aesthetic vs. maintained affordability or energy efficiency capital costs vs. savings in operating costs.) 4-14 PLAN OF STILLWATER Chapter 4 : Housing Chapter 12 Implementation recommends adopting at least two to three tools designed to increase the supply of affordable housing in the near term. New tools and funding mechanisms may include those listed in Table 4.15. Implementation Measures The following implementation measures describe the actions Stillwater will take to implement the community’s goals and policies for housing. These measures are based on three main objectives as listed in the beginning portion of this chapter: residential character, housing for all, and new residential development. Many of these items are things the City itself can do, while others will occur through partnerships the City will seek to provide for and maintain housing quality and increase affordable housing opportunities. Affordable Housing Strategies 1. Design affordable housing in a manner that complements the surrounding market rate housing, while incorporating a variety of housing styles and smaller units into single family housing developments. 2. Establish performance metrics to regularly measure and report on the success in the construction/rehab of affordable units. 3. Utilize techniques, such as land trusts, to maintain long-term affordability. 4. Work with the Washington County Community Development Agency (CDA) to provide affordable housing for the elderly and families. 5. Periodically review land use regulations to determine the effectiveness of current ordinances in encouraging additional affordable units as well as encouraging modifications to keep the existing housing stock desirable and livable. 6. Review and modify ordinances that support caregiver suites, accessory dwelling units and tiny homes. 7. Promote a wide range of housing types, styles, densities and choices to meet life cycle housing needs. 8. Use the land use plan as a tool to provide a variety of residential land uses in a range of densities, concentrating higher density opportunities along major transportation and transit corridors, and around future job centers. 9. Allow the creative use of site planning or PUDs that provide flexibility for development containing affordable housing such as a reduction in lot size, setbacks, street width, floor area and parking requirements. Coordination and Collaboration Strategies 1. Work with partners to assure that any affordable housing units, especially ownership units, employ tools to maintain their affordability rather than to be “flipped” for profit. 2. Partner with, support and market programs offered by the County, State, MHFA, Federal Government and non-profits to fund the development of affordable housing. 3. Utilize the city’s website, newsletter and other sources for promotion and advertising of housing programs. 4. Continue to assist the Washington County CDA in the administration of the housing rehabilitation program to maintain the existing older housing stock, maintain neighborhood character and the diversity and supply of moderate cost housing. 5. Use the Comprehensive Plan as a tool to articulate the City’s housing goals and affordable housing needs when working with developers and property owners. These discussion should occur early on in the development review process. PLAN OF STILLWATER Chapter 4 : Housing 4-15 Housing Program Strategies 1. Participate in the Livable Communities Act Local Housing Incentives Program. 2. Consider designating a portion of TIF to fund activities that increase new affordable housing. 3. Explore using TIF and other funds to provide housing rehabilitation grants to very low and low income senior owner occupied housing needing rehabilitation assistance. 4. Work with local lenders, Washington County HRA, Minnesota Housing Finance Agency (MNHFA) and other housing agencies to provide a comprehensive housing assistance strategy for households needing assistance. 5. Participate in MNHFA programs that provide housing assistance. 6. Participate in available housing rehabilitation programs (e.g. MNHFA Rehabilitation Loan/ Emergency and Accessibility Loan Program, Rental Rehabilitation Loan Program, and the Fix Up Program) 4-16 PLAN OF STILLWATER Chapter 4 : Housing Table 4.15: Housing Programs Housing Tools Circumstances & Sequence of Use Implementation Goal Housing Need Addressed Community Land Trust (CLT) A CLT achieves affordable homeownership by owning the land on which a house is located, allowing a resident to seek financing only for the house. The resident enters into a long-term lease for the home to remain on the property. An advantage of a CLT is that the CLT can control the future sale of the property to ensure that affordability can be maintained and can scatter the CLT sites throughout the community. A disadvantage of a CLT is that it will take significant financial resources to purchase the land rights and the homeowner receives only limited benefits from the appreciation in the underlying land value. The City supports applications by partners (e.g., Twin Cities Habitat for Humanity and Two Rivers CLT) to support affordable homeownership. The City will consider other CLT applications for affordable homeownership. Need for housing that is affordable for all residents. Consolidated RFP via the Minnesota Housing Finance Agency (MHFA) MHFA provides a RFP once annually where affordable housing developers can apply for funding to construct affordable housing. The City will consider supporting/sponsoring an application to the Consolidated RFP programs through MHFA for residential project proposals in areas guided for high density residential uses and mixed uses, especially if the units being proposed would serve households earning less than 50 percent of AMI. Need for housing that is affordable for all residents. Need for maintenance of existing housing stock. Economic Development Authority (EDA) An HRA can use its levy authority to provide financing for housing and redevelopment efforts. An HRA can also operates a variety of housing programs to address affordable housing needs at varying income ranges. Stillwater does not anticipate using an EDA model in the near future. Need for housing that is affordable for all residents. HOME Program The City supports applications by partners through this federally-funded program administered by the Washington County CDA The City will continue to support applications by partners to support affordable homeownership through this program Need for housing that is affordable for all residents. The Minnesota Housing Finance Agency provides Financial assistance programs to assist homebuyers and homeowners at various income levels. Stillwater encourages developers to utilize these types of programs t that are targeted towards households earning less than 80% of the AMI. Need for housing that is affordable for all residents. Housing Bond Issuance A City can issue bonds on behalf of a housing project when the project furthers the City’s goals and demonstrates a financial need and when there is sufficient capacity under the City’s bonding limits. The City will consider this tool primarily for preservation and rehabilitation of affordable households and rentals. Need for housing that is affordable for all residents. Need for maintenance of existing housing stock. Housing & Redevelopment Authority (HRA) An HRA may use its levy authority to provide financing for housing and redevelopment efforts. In addition to issuing conduit debt for projects that benefit households earning less than 80 percent of AMI, the HRA also operates a variety of programs with wider income ranges. Stillwater does not anticipate using the HRA model in the near future. Need for housing that is affordable for all residents. PLAN OF STILLWATER Chapter 4 : Housing 4-17 Housing Tools Circumstances & Sequence of Use Implementation Goal Housing Need Addressed Livable Communities Act Grant Programs (LCA) Stillwater is a participating community in the Metropolitan Council’s LCA programs. Stillwater may, when applicable, apply for LCA grants on behalf of developers who provide a level of affordable housing and the guaranteed length of affordability that generates a public benefit greater than the resources required to apply for and administer the LCA grants. The LCA tools vary by program and offer both development financing as well as pre-development financing. Stillwater invites developers to apply for funds to support development of housing units which meets the City’s need for housing below 80 percent of AMI. The City will work on developing a local fair housing policy as part of the Housing Action Plan, which is required in order to draw funds from LCA programs. Need for a variety of housing types for people of all stages of life. Low Income Housing Tax Credits (LIHTC), The Low Income Housing Tax Credit (LIHTC) program is the key financial tool to raise private equity for the construction or rehabilitation of affordable rental housing. The Washington County CDA is the legal sub-allocator of the tax credits for the county. Credits are awarded based on criteria and procedures set forth in the Qualified Allocation Plan (QAP) and Procedural Manual, which are subject to approval by the Washington County CDA Board of Commissioners. Stillwater will explore the use of LIHTC with the Washington County CDA. Need for the preservation of low income housing. Participation in Housing- Related Organizations The City will connect with others around meeting housing needs in our communities to create opportunities for cities, counties, the Metropolitan Council and other stakeholders to learn from one another. City staff are members of various professional organizations which provide resources and educational opportunities related to housing including the Minnesota Chapter of the American Planning Association, the Minnesota Chapter of the National Association of Housing and Redevelopment Officials, HousingLink and others. Woodbury officials also take part in trainings related to land use and housing and are active in groups with other city officials including the Regional Council of Mayors which is staffed by the Urban Land Institute. Stillwater acknowledges there are many housing collaboratives in the region and intends to participate in these groups. For example, the City has collaborate with the Metropolitan Interfaith Council on Affordable Housing. Participation in organizations helps the City grow its professional knowledge and abilities to providing housing resources for the community as a whole. Rental License and Inspection Programs The rights and duties of landlords and tenants in Minnesota are spelled out in federal law, state statutes, local ordinances, safety and housing codes, common law, contract law, and a number of court decisions. These responsibilities can vary from place to place around the state. Stillwater’s Building Inspections Division is responsible for the application and enforcement of the building code and related ordinances regulating construction, alterations and the use of buildings within the city. Need for the preservation of affordable housing units. 4-18 PLAN OF STILLWATER Chapter 4 : Housing Housing Tools Circumstances & Sequence of Use Implementation Goal Housing Need Addressed Site Assembly Site assembly is a context-specific tool that allows land to be purchased at low prices and held for future development. The tool is especially helpful in meeting the needs of households earning less than 50 percent of AMI. Stillwater will consider using local funds or other pass- through dollars to assemble a site in the locations guided at appropriate densities and land uses, as shown on the future land use map, for projects which include a portion of units that are affordable to very low-, low-, or moderate-income households. Need for housing that is affordable for all residents. Tax Abatement Local governments are permitted to offer tax abatement for a public benefit, including the creation of housing that is affordable to low and moderate-income households. If a portion of the tax collected from a property is abated, such amount would need to be offset through increased taxes levied on other properties. Stillwater will consider a Tax Abatement Policy. However, tax abatement would not be used solely for the purpose of developing affordable housing. Need for a variety of housing types for people of all stages of life. Tax Credits (4d)4d programs preserves affordable homes by helping apartment building owners obtain property tax reductions if they agree to keep a portion of their rental units affordable. The City considers requests for a 4d tax reduction on a case- by-case basis for apartments where affordability is ensured and physical improvements are being made. Need for housing that is affordable for all residents. Tax Increment Financing (TIF) TIF is simple in concept, but complex in its application. Through TIF, the increased property taxes created by new development (or redevelopment) are captured and used to finance activities needed to encourage the development. Please see page 7-14 for more information on TIF. Stillwater may utilize TIF to finance housing that is affordable to households earning less than 60 percent of AMI. A housing TIF district in Stillwater is intended to contain a project, or a portion of a project, intended for occupancy, in part, by persons or families of low and moderate income. Need for housing that is affordable for all residents. Washington County Community Development Agency (CDA) Specific to housing, the Washington County CDA helps Stillwater meet its housing needs in several capacities. The CDA is a sub-allocator of Low Income Housing Tax Credits and also operates the GROW Fund. Both of these sources of financing are critical in meeting the needs of rental households earning less than 60 percent of AMI. The CDA also serves as the public housing authority for Stillwater and coordinates the housing choice voucher program in the community. The CDA also owns and develops affordable rental properties in Stillwater. CDA staff are also available for homeownership counseling, foreclosure prevention assistance and a wide variety of rental assistance needs. CDAs provide sources of technical knowledge as well as potential financial tools that can be layered into the financing of a housing project that serves households earning less than 80 percent of AMI. Stillwater will encourage developers to work with the CDA in helping meet its affordable housing goals. Need for housing that is affordable for all residents.