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3. Louisville's Housing Goals The Housing Plan identifies policies and actions the City should take to better meet housing needs in Louisville. The strategies and actions in the Plan also reflect the City's desire to foster a more dynamic and inclusive community where a broader range of households have access to Louisville's unique charm, amenities, and opportunities. This Plan also recognizes that the City should carefully balance housing growth and diversification goals and strategies with other established community values9. In addition to providing an overall policy framework and direction, these goals can act as indicators to determine whether City actions are helping to achieve the desired outcomes. To help create a framework for the strategies and actions that follow, the Housing Plan establishes 3 core goals of equal priority and importance. Goal 1: Increase Residential Development Opportunities in Louisville » The City should increase new residential development opportunities at appropriate locations to better address local and regional housing demand. The City's implementation of this goal should be carefully balanced with other established community values related to topics like neighborhood character, infrastructure capacity, and preserving or enhancing Louisville's unique quality of life. AGoal 2: Expand and Maintain Access to Affordable Housing >> The City should facilitate the development and maintenance of more affordable housing at appropriate locations that can address the housing needs of low -to -middle income households, including the needs of the local workforce. Through strategic partnerships and funding opportunities, the City can help create and maintain more access to affordable housing options, especially in areas located near employment opportunities and transit. Goal 3: Diversify Louisville's Housing Stock >> The City should diversify the range of available housing options, promoting the development of mixed -use and mixed -income neighborhoods, and streamlining zoning regulations to accommodate different housing for a variety of household sizes and demographics. This includes more housing choices for seniors, empty -nesters, young families, disabled individuals, renters, first-time homebuyers, and to support Louisville's retail and commercial areas. 9 Established community values in the context of this Housing Plan include but are not limited to those set forth in the City's Comprehensive Plan. Louisville Housing Plan Part 3: Louisville's Housing Goals 26 City Council Draft 517124