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HRA Meeting <br />Minutes Saturday, April 21, 2012 <br />Page 7 <br /> <br />1 <br /> <br />2 <br />Ms. Kelsey noted that the author of the book lived in Seattle, WA, but had originally been from MN. <br />3 <br /> <br />4 <br />5 <br />6 <br /> <br />7 <br /> <br />8 <br />Member Lee noted that, based on funding for such projects, existing developments in senior housing <br />9 <br />; and supported derailing that <br />10 <br />thinking by creating innovative options and seeking examples of what is working, especially with the <br />11 <br />anticipated improved housing market. Member Lee, as an example, questioned the purpose and <br />12 <br />viability of co-operative housing options, and questioned how they were more advantageous than <br />13 <br />renting, noting the high vacancy rate for such housing. <br />14 <br /> <br />15 <br />Member Masche concurred, noting the difficulty in reselling them. <br />16 <br /> <br />17 <br />Member Lee suggested that the City of Roseville team up with the University of MN by sponsoring a <br />18 <br />design concept specific to housing needs in Roseville. <br />19 <br /> <br />20 <br />Ms. Kelsey spoke in support of such an opportunity, noting that the City could supply a site for their <br />21 <br />students annually, and the cost to the HRA would be nominal, while getting a creative and energetic <br />22 <br />group of individuals. <br />23 <br /> <br />24 <br />Chair Maschka referenced the biography he was currently reading about Steve Jobs, and highly <br />25 <br />recommended it in relationship to this discussion on design, and how vital it is to set oneself apart; and <br />26 <br />strongly supported doing so for Roseville, and insisting on having a unique brand and standard for the <br />27 <br />City. <br />28 <br /> <br />29 <br />On a related note, Member Masche questioned how many people in the Baby Boomer generation had <br />30 <br />purchased or were purchasing long-term care policies, and how that impacted their housing choices <br />31 <br />moving forward. <br />32 <br /> <br />33 <br />Chair Maschka noted that, while a lot of people liked the concept of long-term care insurance, the <br />34 <br />problem was in how to pay for it. Chair Maschka advised that a new concept in some life insurance <br />35 <br />policies included long-term care if needed; however, he noted how expensive it was, with premiums <br />36 <br />continuing to increase annually, as well as the older a person was when obtaining the coverage. Chair <br />37 <br />Maschka indicated that the marketplace was starting to provide some minimum coverage as part of <br />38 <br />whole life insurance policies; but noted the significant difference in ability to afford it, and the need for <br />39 <br />such coverage of those unable to afford purchasing it. <br />40 <br /> <br />41 <br />Member Masche noted the need to address such items as the generations lived longer, and as part of <br />42 <br />affordable housing options and determining assets and income for qualifying for affordable housing. <br />43 <br /> <br />44 <br />Chair Maschka concurred, addressing the need for continuum of care issues in housing as well. <br />45 <br /> <br />46 <br />Ms. Kelsey noted the efforts of Good Samaritan in providing that continuum of care, with them <br />47 <br />bringing services, particularly through ever-increasing technologies, allowing their tenants to continue <br />48 <br />living in their housing units as their needs increase. Ms. Kelsey mentioned several other housing <br />49 <br />developers (e.g. Presbyterian Homes, and <br />50 <br />their efforts in improving senior housing options to meet needs and different lifestyle expectations. <br />51 <br /> <br />52 <br />Chair Maschka noted that the housing gets very expensive as you moved toward greater care needs. <br />53 <br /> <br /> <br />