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2012-04-21_packet
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2012-04-21_packet
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4/19/2012 4:11:43 PM
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Commission/Committee
Commission/Authority Name
Housing Redevelopment Authority
Commission/Committee - Document Type
Agenda/Packet
Commission/Committee - Meeting Date
4/21/2012
Commission/Committee - Meeting Type
Special
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2009 Housing Market Analysis <br />A need of 40-50 new single family homes of which 25-30 would be “move- <br />up” homes priced between $350,000 to $500,000 and 15 to 20 homes would <br />be executive homes priced above $500,000. <br />A need of 60-70 entry level attached owner occupied multi-family units <br />priced below $275,000 and 40-50 upper-end units priced above $300,000. <br />A need for 80-100 market rate rental housing units and 80-100 affordable <br />rental units. <br />A need for 80-90 units of mixed income active adult senior citizen rental <br />housing units. <br />A need for a 60-70 unit senior cooperative or condominium building. <br />A need for an additional 40-50 assisted living units and 24-36 memory care <br />units. <br />Not a lot of available land for new housing to be developed on, and given <br />that short supply, housing densities will need to be high to accommodate the <br />market demand. <br />The report, while acknowledging that there is a good supply of affordable <br />housing in Roseville, states there still is a need for more diversity in the <br />affordable housing mix, especially for family and senior households. <br />In relation to the aging of Roseville’s population, the report states that the <br />baby boomer generation will look for more “maintenance free” housing <br />options in the near future, and won’t demand senior housing with services in <br />large numbers until after 2020. <br />The report recommends that the City continue to look at partnerships with <br />housing developers to bring needed projects forward and identifies that the <br />redevelopment of Twin Lakes area may foster additional housing demand <br />once it is fully built-out. <br /> <br />
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