2040 Comprehensive Plan: Envision Shakopee

2B Preserve Existing Housing Stock

PRESERVE AND UTILIZE EXISTING ASSETS FOR HOUSING 2

» » Coordinate and promote financial resources of partner organizations and programs that providing funding for home-improvements, including Minnesota Housing Finance Agency’s Fix-Up Program or the Carver, Dakota, and Scott County Weatherization Assistance Program » » Generate new funding opportunities for repair, maintenance, and remodeling of housing stock to assist those living in older housing stock to update, modernize, or expand their homes to current market and environmental standards » » Explore the adoption of a First-Time Homebuyers program to assist people in moving to or becoming homeowners in Shakopee » » Support the repair and replacement of pre-1976 homes with energy efficient systems through rehabilitation and weatherization programs, matched savings programs (Assets for Independence) and energy subsidy programs (Low Income Housing Energy Assistance Program) » » Coordinate with community education institutions to promote home maintenance classes » » Prepare a Truth-in-Housing ordinance to maintain housing stock » » Partner with state organizations like the Greater MN Housing Fund to tap into funding to preserve NOAH housing Support redevelopment and property conversions to housing » » Identify sites and owners with high redevelopment or conversion potential » » Explore viable options for the City to purchase land for residential redevelopment

2A Promote Infill development

» » Identify vacant sites with high infill potential » » Explore options and viability for the City to purchase land for residential redevelopment. Specifically, the City should consider assembling tax forfeiture and other properties to attract development to sites that may not garner immediate interest from the private market » » Allow Accessory Dwelling Units, Co-Housing or Tiny Homes in Single Family Residential districts

2C

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