This is according to a mayors' task force report released Nov. 29. The report proposes a set of strategies to increase the amount of affordable housing in the region. The report says mixed-income development, like Minnetonka's WestRidge Market complex, is a preferred way to provide and integrate affordable housing within communities. There are other compelling reasons for affordable housing region-wide, the report says. Mixed-income development, such as WestRidge Market in Minnetonka, offers a preferred alternative for providing and integrating affordable housing within communities.
More compact development can reduce housing costs and increase the supply of affordable housing.
Financial incentives are needed to produce most affordable housing in the marketplace. The only effective solution is a regional solution. Ensure that local planning and zoning allow for affordable housing. Change government policies and practices to reduce the cost of building houses. Secure additional funding.