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Some structural or maintenance repair work is required for each home after 20 years of use and 85% of the homes in the City are over 20 year's of age. From 1970 to 1479, the City added another 2,126 units or 18% of its current housing. Slightly more than ib% of the housing has been constructed since 1980, 2.3 Multi-Farnily Housing Stock Study urnrna The HRA commissioned a Multi-Family demographic analysis in March, 2003. The study is in partnership with the City's Community bevelopmenfi Department which has contracted with Excensus, n private demography firm. The purpose of the study was to identify: (Z) the current quality and quantity of mufti - family housing units; {2} the current multi- family demographics; (3) the renter population origin and destination; and, (4) the relationships among household type, age, size, income and the multi- fflmily quality of fife for the residents. The following is a summary of some of the key findings. The full report is located in Appendix B. • The City currently has over 6,330 multi - family housing units with the prospect of 250 new units to be constructed in each of the next three years. By 2006 the City could have a total of 7,200 multi- family housing units. • The City has 9$ multi family housing complexes which are homes to over $,500 residents. Over 78% of the heads of household within owner occupied multi- family housing (condominium and town home) are over 45 years of age. 57% of the Leads of household of the owner occupied multi - family housing are over 55 years of age. As the average age of building occupants increases, the new residents tend to be over 55 years of age. * In renal multi-family housing, 76% of the head of households aye 54 years of age or less and only 23% of the renters are over 55_ This younger population is are excellent target market for first time home buyer programs in the City of Roseville. Housing Plan - 2004 Page 5 Roseville HRA