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Current Housing Issues and Concerns � �' ;; � In ]992 through 1994 a Housing Task Force completed a thorough analysis of the housing situation within the City of New Brighton. As part of that analysis the task force identified a comprehensive list of housing concems and perceived neighborhood changes. The strongest issues that evolved during the numerous housing discussions were how to: : preserve and maintain housing values ❖ maintain the existing housing stcek in good condition :• preserve neighborhood safety ❖ promote and maintain the community's reputation in the housing market :• ensure an adequate supply of quality affordable housing These issues remain to be the primary concems facing New Brighton today and will be the primary focus of goals and policies for the future of housing in New Brighton. Many other issues came out of the focus group sessions in addition to the housing concerns addressed above and are well documented in the 1994 Housing Study. Expected Future Housing Demand and Needs Future housing needs reflect those of a maturing community. New Brighton's housing stock is reaching an age at which maintenance becomes more important to the vitality of housing and neighborhood stabilization. The primary housing need in New Brighton is making sure homes and neighborhoods are maintained as they age. ln addition to simply maintaining the housing stcek, the City needs to adapt to changing housing needs generated by a maturing population and the housing needs of an evolving demographic profile. The 1994 Housing Study indicates the need to provide more housing for empty-nesters specifically seniors as the baby boom generation grows into a new life style and more senior housing is needed. This continues to be the trend with the completion of a 125-unit senior cooperative building in 2007, known as Applewaod Pointe. Currently, New Brighton has several senior housing projects offering both market rate and subsidized housing. Also identified in the housing study is the need for new "general occupancy rental housing" or housing not reserved for a partiwlar demographic profile such as seniors. Current multi-family housing offers little in terms of vaziety or choice primarily because most of the multi-family housing was built in the 60s and 70s. Currently, there is a Vend to conven multi-family housing into condominiums, which has reduced the number of units that are available. This housing lacks in the amenities that new aparhnent housing can provide such as private entrances, underground parking, in-unit laundry and access to meeting space or business equipmenL One market that is not necessarily served in New Brighton is the moderate ro upper level apartment, falling short of what many refer to as the `9uxury" apartment. In order to continue to compete in the housing mazket il is important to offer new housing developments with modern amenities. �