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■ <br />Recommendation : Encourage public and private initiatives to provide <br />and develop a wide range of affordable housing <br />options. <br />Action Strategies: <br />A. Encourage support of a range of housing options, including: <br />• Homeownership for those at HUD guidelines (currently 80% of <br />median income), as well as those from 80 -100% of median; <br />• Homeless emergency housing; <br />■ SROs (Single Room Occupancy units); <br />• Low cost multi - family rental housing especially within Urban Service <br />Districts that have none; <br />• A large portion of rental housing with an option to buy; <br />• Tax credit rental housing that is affordable to those conforming with <br />HUD guidelines (currently 50% of median income); <br />• Low income homeownership opportunities, such as those provided by <br />Habitat for Humanity; <br />• Modular homes as a viable option for low income homeownership; <br />• Increased construction and availability of handicapped units, both <br />subsidized and at market rates. <br />B. Encourage the University to develop options for iJNC employees to have affordable homes on <br />University land. <br />C. Encourage the University to increase considerably the proportion of students housed on <br />campus as a means of freeing up private housing for others. <br />D. Work with the legislative delegation to pass legislation on: <br />Impact taxes, rather than fees; <br />Inclusionary zoning; and <br />A real estate transfer tax. <br />E. Examine means such as a moderated regulatory process, expedited review, increased density, <br />flexible infrastructure and street standards to see if any of them will promote construction of <br />affordable housing that will remain affordable for the long term. <br />F. Continue to support the development of a land trust to maintain affordability and <br />encourage making public land available to non - profits. <br />G. Develop a dedicated source of revenue from public and private sources (e.g. lending <br />institutions), or from adequate and substantive bond issues, to provide funding for non- <br />profit ventures for low - income housing for both rural and urban residents. <br />