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2011-08-16_packet
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2011-08-16_packet
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12/20/2011 3:01:57 PM
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Commission/Committee
Commission/Authority Name
Housing Redevelopment Authority
Commission/Committee - Document Type
Agenda/Packet
Commission/Committee - Meeting Date
8/16/2011
Commission/Committee - Meeting Type
Regular
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Attachment A <br />Townhomes <br />2. 672 parcels with a median value of $189,100 and an average value <br />of $216,335. <br />Condos <br />3. 1,696 units with a median value of $93,700 and an average value of <br />$100,287. <br />Ramsey County has tracked residential sales between October 1, 2009 and September 30, <br />2010 for Roseville there was 217 sales with a median price of $217,500 and an average <br />price of $236,182. The lowest price sale recorded was $52,800 and the highest was <br />$920,005. <br />Rental in Roseville <br />Affordable rents are when people pay less than 30% of their income for rent. From the <br />2009 American Communities Survey 45.1% of the Roseville population pays over 30% <br />of their income for rent. <br />Project Based Section 8 buildings <br />Definition: Project based Section 8 is when everyone in the building is guaranteed to pay <br />no more than 30% of their income for rent. Currently Roseville has only 3 project based <br />section 8 buildings: <br /> 1. Conventry Apartments for seniors and disabled 103 <br /> Conventry family townhomes 93 <br /> 2. Roselawn Village Apartments for disabled 22 <br /> 3. Roseville Senior Housing Apartments 103 <br /> Total 345 <br />As of 2011 the Roseville Inspections department estimate that they inspect 257 units of <br />section 8 assisted units scattered over 45 different properties in Roseville. (These <br />vouchers are portable with in the metro area so the numbers will consistently fluctuate.) <br />2030 Comprehensive Plan estimated that as of 2007 there are 5,059 rental units in <br />Roseville. <br />Three multi-family rental properties are income restricted properties that must rent to <br />people who make 60% or less of the area median income. Those properties are: <br /> 1. Calibre Ridge 49 40 Section 8 Renters <br /> 2. Centennial Gardens 144 out of 190 units 44 Section 8 Renters <br /> 3. Sienna Green 12034 Section 8 Renters <br /> Total 313 Units 118 Section 8 vouchers <br />These three properties have 46% of the portable Section 8 rental voucher holders. <br />The percentage of units that guarantee to pay no more than 30% of their income for rent <br />in Roseville is 6.8% for Project Based Section 8 units and 12% for overall Section 8 <br />units. The total number of affordable units is 658, 13% percent of Roseville rental units. <br />
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