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• Approximately 5% of the multi- family population is children, while 28% (2,539) are seniors over the age of 55. The number of multi - family complexes where children represent more than 10% of the population is I {miffed to 15 of 98 total complexes. The number of multi - family complexes where seniors represent more than 10% of the population is 42 of 98 total complexes, explaining the different service needs of some of these complexes. • In terms of the number of residents, the flap ten range from 447 to 262 and average 310 residents per complex -each comparable to a small neighborhood. However, the majority of the complexes have smeller populations; less than 100 residents per complex. • Approximately 56% of the multi - family residents have lived in their homes for more than f ive years. When renters move, 66% move to another rental property and 30% move to a single family home. Between 22 -25% of all moves by multi - family residents are within the City. • Although the vacancy rate for rental property has decreased from 10% in 1990 to approximately 2 °10 in 2000 and increased in 2002 by b %, the turn -aver rate remains as high as 30% per year particularly as young adults move in and out. • Owners of multi - family housing (condos, townhomes, cooperatives) represent 25% of the tots! units. When condo owners move, nearly 55% go to a rental hauling unit. Working adults represent 72% of the multi - family population. • The City's multi - family housing: • consists of 26% of the population (81810); • covers 5% (453 acres) of the land area; • has a market value of $509 million (15% of total); and generates property taxes in excess of $5.6 million (10% of total). Housing Plan — 2004 Page 6 Roseville H A