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Housing Study <br />July 12, 2004 <br /> <br />Page 3 <br /> <br />There are several residential developments have either re, <br />currently before the city for preliminary approval or the <br />development. <br /> <br />Name # of units <br /> <br />Woodland Hills <br />River Park <br /> <br />Trout Brook Estates <br />Riverside Dev./ <br />Centex Homes <br />Jackson Ave. Villas <br /> <br />110 single family <br />378 single family <br />326 townhouse <br />142 single family <br />600-700 mix of single family <br />and townhouse <br />80 townhouse <br /> <br />Affordability <br /> <br />:eived preliminary plat approval, <br />ity has seen concept plans for the <br /> <br />Status <br /> <br />granted preliminary approval <br />preliminary approval pending <br /> <br />preliminary approval pending <br />concept stage <br /> <br />application pending <br /> <br /> ! <br />In May 2003, a mortgage of $1074 per month, or a hous~ and lot with a total value of <br />$170,000, was considered affordable. In June 2004, the median gross income, which is used <br />to determine affordability, had not changed significantly ~ince May 2003. <br /> <br />What's Next? <br /> <br />If the city determines that there is a need for additional housing types or affordability, the <br />upcoming Comprehensive Plan update provides an opportunity for the city to address those <br />issues. As part of the Comprehensive Plan update, the city will be looking at amending the <br />Land Use Plan. If the city determines that there is need f6r more apartments, townhouses or <br /> <br />higher density housing, the new Land Use Plan could reft <br />could then be amended to be consistent with those chan <br /> <br />The city is also beginning a visioning process for the do~ <br />tracks. Housing needs and affordability could be includec <br /> <br />ect that. The City Zoning Map <br />eS. <br /> <br />atown area, north of the railroad <br />as part of that visioning process. <br /> <br />S:\PI,ANNING\Scott\Housing\Housing updatc CCT-12.doc <br /> <br /> <br />