2012-03-20_packet - Laserfiche WebLink

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2009 Housing Market Analysis A need of 40-50 new single family homes of which 25-30 would be “move- up” homes priced between $350,000 to $500,000 and 15 to 20 homes would be executive homes priced above $500,000. A need of 60-70 entry level attached owner occupied multi-family units priced below $275,000 and 40-50 upper-end units priced above $300,000. A need for 80-100 market rate rental housing units and 80-100 affordable rental units. A need for 80-90 units of mixed income active adult senior citizen rental housing units. A need for a 60-70 unit senior cooperative or condominium building. A need for an additional 40-50 assisted living units and 24-36 memory care units. Not a lot of available land for new housing to be developed on, and given that short supply, housing densities will need to be high to accommodate the market demand. The report, while acknowledging that there is a good supply of affordable housing in Roseville, states there still is a need for more diversity in the affordable housing mix, especially for family and senior households. In relation to the aging of Roseville’s population, the report states that the baby boomer generation will look for more “maintenance free” housing options in the near future, and won’t demand senior housing with services in large numbers until after 2020. The report recommends that the City continue to look at partnerships with housing developers to bring needed projects forward and identifies that the redevelopment of Twin Lakes area may foster additional housing demand once it is fully built-out.