Envision Shakopee

OPPORTUNITIES

EXPAND AND DIVERSIFY HOUSING TYPES The City should encourage the development of a diversity of housing types at different prices that allow existing residents to age in place and workers to live in Shakopee. Additional housing options will make Shakopee more resilient to market changes; as existing residents can stay within the city, and new and growing industries can find the talent they need locally. The City should: » Promote multifamily housing for seniors, young professionals and its growing workforce that is in-keeping with the character of the city. Target increased density in areas that are connected to amenities and transit such as Downtown Shakopee, the First Avenue Corridor and transit station areas like park and rides and the Marschall Transit Center. Please see page 89 (call out box on “New Housing Density”) for examples of suitable multifamily types. » Encourage developments that match housing prices with wages of those who work in Shakopee.

Housing 4

1.Continue to work with private developers to access Federal and State tax credits set aside for afforable projects. 2.Consider utilizing Tax Increment Financing or tax abatement for affodable and workforce housing projects to increase viability and grow affordable housing options. 3. Look to form partnerships with local employers to explore Employer Assisted Housing possiblities in Shakopee. 4.Consider affordable housing policies which encourage market rate projects to provide affordable units like density bonuses.

87 ENVISION SHAKOPEE | SECTION III: COMMUNITY ENVIRONMENT