INFORMATION HRSR 03-24-2003 - Laserfiche WebLink

Home Browse Search

City of Elk River Housing Plan Updated January 2003 • Housing Strategies The following strategies outline potential methods in which a community can ensure a balanced housing stock for its residents. A community should work to maintain a balanced housing stock to house employees along a continuum of incomes from day care workers to teachers to business owners. With housing communities can assume three levels of responsibility. The first is at the policy level in which communities can make changes to local policies and plans to support a balanced development of housing. The second is at an intermediate level where communities can provide letters of support, and financial or technical assistance. The final level would be an advanced level where a community may not only finance a project but assume an ownership role as well. The following outlines activities along all three levels where a community could become involved. Rehabilitation • Define a target area of Elk River by analyzing age of housing, valuation of housing and the condition of housing to establish a rehabilitation target area. • Have information available for residents on programs that are available for housing rehabilitation including but not limited to Rural Development, Tri-Cap, and MHFA. • Sponsor an application to the Small Cities Development Program to receive funds for owner-occupied and rental rehabilitation that can be used by property owners to make • essential improvements. Multi-Family Housing • Identify land/parcels within the community that can be utilized for the development of multi-family housing. • Provide financial/resource assistance to projects that will develop affordable rental units. • Examine sites/areas that can be redeveloped to provide additional housing. Single-Family Housing • Develop an inclusionary housing ordinance that sets a standard for affordable housing development in new subdivisions. • Provide incentive such as reduced lot sizes, street widths, or fees for developers who incorporate affordable housing into developments. • Work with area employers to establish a homeownership savings program. Other • Sign resolutions of support for projects that are seeking funding from an outside agency to develop affordable housing within the Community. • Make policy changes through the City Comprehensive Plan and Zoning Ordinance that support housing demand. • Conduct an employee survey to gauge information from employees working in Elk River. This tool can be used to gather a variety of information on housing, commuting patterns, • spending patterns, etc. 6