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<br />RUG-17-1998 14:04 FROM HERLTH PLRN. & MGMT. RES <br /> <br />TO <br /> <br />4902276 P.04 <br /> <br />In relationship to the above, the following should be noted. <br /> <br />. In the City of Roseville, 46.0 percent of senior households are in senior <br />designated living arrangements, and when we exclude nursing. homes <br />from the households, 32.9 percent of the households are already living <br />in senior ~ousing. <br /> <br />o 17.2 percent of the senior households are nursing home residents. <br /> <br />. If we assume that households with head of household with income of <br />less than $20,000 are eligible for subsidized senior housing, there is <br />subsidized senior housing available for approximately 23 percent of <br />these households. If the income is adjusted for income from <br />investment from sale of a home, this would increase the percentage of <br />lower income persons who have housing available. The databases <br />available do not allow comparison of age of head of household by <br />income by home ownership. <br /> <br />Potential Demand Based on Income <br /> <br />Independent Congregate Housing <br /> <br />If we consider what is available to seniors for market rate housing based <br />on ability to pay, there is a missing segment for "moderate income" persons, <br />identified as those persons who have an income of $15,000 to $24,999. <br /> <br />Market research indicates that senior households will spend approximately <br />40 to 50 percent of their income for senior housing that offers services and the <br />ability to age in place. Thus, persons in the income range of $15.000 to $24,999 <br />will spend approximately $600 to $900 for rental housing. <br /> <br />Based on the inventories presented earlier in the analysis, there are no <br />units at Rosepointe in this price range and a very limited number available to the <br />upper income range ($900) at Eagle Crest, which are in the market area. : <br /> <br />64 <br /> <br />TOT8L P.04 <br />