2011_0919_packet - Laserfiche WebLink

Home

140 So with that in mind,, Staff has started the analysis of "What Roseville Wants"'. 141 Housima — What are the Market Needs, Identified Wants, Positive Tax Return for housing? 142 For housing, we do have lots of information that can help answer the question. 143 Market Needs. The 2009 Housing Market Analysis conducted for the HRA, has good information for 144 beginning to understand what the market is demanding. The HRA intends to conduct a market analysis 145 every five years, but the City may want to consider updating the information. See Attachment D for 14 6 information from the Market Analysis. During the period from 2009-2020, the report identifies the 147 following.- 148 0 A need of 40-50 new single family homes of which 25-30 would be "move-up"' homes priced 149 between $,350,,000 to $,500,,000 and 15 to 20 homes would be executive homes priced above 1 $,500POOO. 1 • A need of 60-70 entry level attached owner occupied multi-family units priced below $,275,000 1 and 40-50 upper-end units priced above $,300,000. 1 w, 3 • A need for 80-100 market rate rental housing units and 80-100 affordable rental units. 1 • A need for 80-90 units of mixed income active adult senior citizen rental housing units. 1 • A need for a 60-70 unit senior cooperative or condominium building. 1 • A need for an additional 40-50 assisted living units and 24-36 memory care units. 1 w, The report also identifies some challenges and opportunities within Roseville, namely that there is not a 1 lot of available land for new housing to be developed on, and given that short supply, housing densities 1 9 will need to be high to accommodate the market demand. The report, while acknowledging that there is 160 a good supply of affordable housing in Roseville, states there still is a need for more diversity in the 16 1 affordable housing mix, especially for family and senior households. In relation to the aging of 162 Roseville's population, the report states that the baby boomer generation will look for more 163 ((maintenance free"' housing options in the near future, and won't demand senior housing with services 164 in large numbers until after 2020. The report recommends that the City continue to look at 165 partnerships with housing developers to bring needed projects forward and identifies that the 166 redevelopment of Twin Lakes area may foster additional housing demand once it is fully built-out. 167 Identified Wants. The 2030 Comprehensive Plan and Imagine Roseville 2025 identifies numerous 168 types of desirable housing for Roseville. See Attachments A and B for details on desired housing. 169 Some items from these documents include.- 1 70 Comprehensive Plan 1 "7 1 • Land Use Goal 43 Identify underutilized, deteriorated, or blighted properties and guide 1 "72 them toward revitalization,, reinvestment,, or redevelopment consistent with community 1 "7 3 goals, good planning and development principals. 1 "74 • Land Use Goal 47 Achieve a broad and flexible range of housing choices within the 1 "7 5 community to provide sufficient alternatives to meet the changing housing needs of 1 "7 6 current and future residents throughout all stages of life. 1 7 7 • Housing Goal 41 Provide a wide variety of housing options in order to retain and attract 1 "7 8 a diverse mix of people and family types with varying economic statuses,, ages,, and 1 79 abilities. Page 5 of 10