Affordable Housing Production Goals
The goals resulting from this Housing Production Plan (HPP) update process are basic goals intended to increase the number of Subsidized Housing Inventory (SHI) Eligible Housing units, but also to increase the number of affordable housing units available to the community’s families, individuals, persons with special needs, and the elderly.
The goals resulting from this Housing Production Plan (HPP) update process are basic goals intended to increase the number of Subsidized Housing Inventory (SHI) Eligible Housing units, but also to increase the number of affordable housing units available to the community’s families, individuals, persons with special needs, and the elderly.
Goal 1: Maintain Franklin’s Subsidized Housing Inventory above ten percent through 2030 and beyond.
Goal 2: Increase the number of housing units affordable to Franklin’s very low income, low income, and moderate income residents.
Goal 3: Increase the number of affordable housing units available to persons with special needs, and the elderly.
Goal 4: Support affordable housing appropriate for expected future demographics.
Goal 5: Provide housing alternatives that meet the needs of Franklin based employers and employees.
Goal 6: Adopt strategies that incentivize the production of affordable housing.
Goal 7: Adopt zoning strategies that will advance affordable housing production.
Goal 8: Continue the funding and expansion of the Franklin Municipal Affordable Housing Trust for additional in-perpetuity affordable housing units.
Goal 9: Identify new funding sources and other resources for affordable housing production.
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