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HOUSING ACTION PLAN <br /> Intent <br /> Create a housing environment which accommodates people in all stages of the <br /> life cycle, and provides quality housing for people and families at all income <br /> levels. <br /> Background <br /> In 2000,Pequot Lakes had a total of 1,145 housing units;23 percent of the units <br /> were rental units. Since the annexation of Sibley Township in 2002, Pequot Lakes <br /> has an established urban downtown combined with a rural residential area <br /> where protection of natural resources is important The urban area has a <br /> growing population density,which is considered to be"the total population in <br /> proportion to the total land area"? According to the Sibley Township <br /> Comprehensive Plan, density in Pequot Lakes grew by 57 percent between 1980 <br /> and 1990,which was over 20 percent greater than the surrounding townships of <br /> Sibley and Pelican as well as Crow Wing County, which had a mere six percent <br /> density growth. <br /> Almost half of the total housing units in the urban area are rental units. In 1990, <br /> Pequot Lakes was in the top ten Minnesota cities for its proportion of rental <br /> housing in its community; ten years later it still continued to have the highest <br /> proportion of rentals in Crow Wing County. The Pequot Lakes Housing and <br /> Redevelopment Authority(HRA)believes that the City is currently saturated <br /> with rental housing options? <br /> In most cases,housing affordability is not an issue in Pequot Lakes. The <br /> Department of Housing and Urban Development considers housing to be at an <br /> affordable level if a family is not paying more than thirty percent of their <br /> monthly income to either a mortgage or rent"families who pay more than 30 <br /> percent of their income for housing are considered cost burdened and may have <br /> difficulty affording necessities such as food,clothing,transportation and medical <br /> care."3 Table 1 shows a breakdown of how much Pequot Lakes owners and <br /> renters are spending monthly on housing. <br /> 1 Sibley Township Comprehensive Plan,"Planning in the Pines." <br /> 2 March 7,2003 telephone conversation with Sharon Thurlow,Pequot Lakes HRA <br /> 3 Department of Housing and Urban Development(2003). <br /> http://www.hud.gov:80/offices/cpd/affordablehousing/indexcfm <br /> PEQUOT LAKES DRAFT COMPREHENSIVE PLAN 1 <br />