HomeMy WebLinkAboutItem 4 Discussion of Multi-Family Housing Dev. Issues and attachmentsCity of Lakeville
Community & Economic Development
Memorandum
To: Economic Development Commission
From: David L. Olson, Community & Economic Development Director
Copy: Justin Miller, City Administrator
Daryl Morey, Planning Director
Kati Bachmayer, Economic Development Specialist
Date: February 26, 2019
Subject: Discussion of Multi-Family Housing Development Issues
EDC Members indicated a desire to discuss multi-family housing development issues
including work force housing at the February meeting. Staff has pulled together information
to begin this discussion that includes:
• Affordable Housing Update for the City of Lakeville Prepared by the Dakota
County CDA on November 5, 2018;
• The Comprehensive Housing Needs Assessment for Lakeville prepared by
Maxfield Research in 2014 (including actual housing unit #s from 2010-2018);
• A one-page summary of existing Workforce Housing and Senior Housing
Developments in Lakeville including rent and income requirements;
• An updated map with the locations of previous, recent, and proposed
Workforce, Senior, and Market Rate Rental Housing Projects;
• Census information on Lakeville and other Dakota County cities including
information on population, age, race, housing, family size and income.
The Dakota County CDA has contracted with Maxfield Research to prepare a new
Comprehensive Housing Needs Assessment for Dakota County that will forecast housing
needs for all cities in Dakota County through 2040. It is expected that this assessment will be
completed in June. Staff will arrange for CDA staff to present the results of this assessment to
the EDC and City Council.
Action Requested: No action is being recommended at this point. This information is
intended to provide background and provide the basis for discussions on the current issues
regarding the development of workforce, senior and market rate housing in Lakeville.
Lakeville ’s recent market-rate apartment locations
- Edison at Avonlea (146)
- Lakeside Flats (120)
- Spero Senior Living (55+) (55)
- Edison at Spirit of Brandtjen Farm (160)
Lakeville has 7 workforce housing locations
- Cedar Valley Townhomes (CDA) (30)
- Country Lane Townhomes (CDA) (29)
- Keystone Crossing Townhomes (CDA) (36)
- Lakeville Court Apartments (52)
- Meadowlark Townhomes (CDA) (40)
- Prairie Crossing Townhomes (CDA) (40)
- Lakeville Pointe Apartments (49)
Lakeville has 5 affordable senior housing locations
- Argonne Hills (CDA) (62)
- Crossroads Commons (CDA) (87)
- Fairfield Terrace Apartments (24)
- Main Street Manor (CDA) (51)
- Winsor Plaza (CDA) (64)
And 5 senior assisted living/memory care locations
- The Fountains at Hosanna (91)
- Highview Hills (155)
- Kingsley Shores (101)
- The Moments (32)
- BeeHive Homes (20)
Rent Affordability Limits (Met Council and HUD)
Apt Size 50% AMI 60% AMI Apts.com Average
1 Bed $885 $1,062 $1,293
2 Bed $1,061 $1,273 $1,610
3 Bed $1,226 $1,471 $1,936
AMI stands for Area Median Income. Lakeville’s AMI is
calculated using the Minneapolis-St. Paul Metro area.
Housing Maximum Income
House
hold Size
Public Housing
Preference
Workforce
Preference
Workforce
Maximum
1 $19,850 $33,050 $39,660
2 $22,650 $37,750 $45,300
3 $25,500 $42,450 $50,940
KEY: GREEN = HUD/Tax Credits (50% AMI)
BLUE = Tax Credits only (60% AMI)
BLACK = HUD only (30% AMI)
Updated 2.14.19
NORTH CREEKMANUFACTUREDHOME PARK
COUNTRY V IEWMANUFACTUREDHOME PARK
K
E
N
WOOD
T
R
L
160TH ST W
210TH ST W CEDAR AVEFLAGSTAFF AVE W215TH ST W
210TH ST W LAKEVILLE BLVD
KENWOODTRL
205TH ST W
162ND ST W
KENRICKAVEPILOT KNOB RDCEDARAVED O D D B L V D
202ND ST W
35
35
185TH ST W
175TH ST W
CEDAR AVE170TH ST W
HIGHVIEW AVEDODD BLVD190TH ST W
HOLYOKE AVECONNELLY'SMANUFACTUREDHOME PARK
QUEEN ANNECOURTS
ARDMORVILLAGE
Crystal Lake
Kingsley Lake
LeeLake
Orchard Lake
ValleyLake
EastLakeGooseLake
Lake Marion
CEDAR VALLEYTOWNHOMES
FAIRFIELDTERRACEAPARTMENTS
MAIN STREETMANOR
WINSOR PLAZA
KINGSLEYSHORES
MEADOWLARKFAMILYTOWNHOMES
THE FOUNTAINSAT HOSANNA
CROSSROADSCOMMONS
COUNTRY LANETOWNHOMES
HIGHVIEWHILLS
LAKEVILLECOURTAPARTMENTS
PR AIR IE CRO SSINGFAMILY TOWNHOMES
BEEHIVEHOMES
THE MO MENTS
KEYSTO NECROSSINGTOWNHOMES
LAKEVILLEPOINTEAPARTMENTS
ARGONNE HILLS
SPEROSENIORLIVING
LAKESIDEFLATS
EDISON ATAVONLEA
KINGSLEYPLACE
THE MOMENTSPROPOSEDEXPANSION
FLEET FARMPROPOSEDAPARTMENTS
EDISON ATSPIRIT
CONTINENTAL PROPO SEDTOWNHOMES/APARTMENTS
Previous Development
Recent Development
Proposed Development
Manufactured Homes
Date: 2/20/2019P:\Projects\2019\Community Development\Affordable Senior & Market Rate H ousing.mxd
City of Lakeville
Workforce, Senior, & Market Rate Housing
1 0 10.5 Miles
2019
Assisted Living
Market-Rate Housing
Workforce Housing
Affordable Housing
Memory Care