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Last modified
10/30/2007 3:40:10 PM
Creation date
12/9/2004 6:52:51 AM
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Template:
Planning Files
Planning Files - Planning File #
3214
Planning Files - Type
Planning-Other
Project Name
I-35W Coalition
Additional Information
Life Cycle Housing Study
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<br />could benefit from exploring options of this kind as alternatives to new construction. This <br />is a strong example of the importance of flexibility in the housing supply. <br /> <br />How the Recommended Actions Will Affect the Total- Housing Supply <br /> <br />Because there is a considerable amount of flexibility, as well as affordability, in the - <br />housing supply, the changes needed to meet the needs ofthe population in 2010 are less <br />than what will be needed in many other communities. No additional single-family homes <br />will need to be built, although a few new move-up housing units on cleared or infilllots <br />would be acceptable. <br /> <br />Upgrading of almost half of the' existing supply of single-family homes is the preferred <br />method for meeting the demand for move-up housing. It is also appropriate given the age <br />of much of the existing housing supply, which was built in the 1950s and 1960s. Some of <br />this upgrading may already be taking place, as indicated by recent MLS selling price data. <br />The city may have to devise programs to encourage the modernizing and upgrading of <br />additional units, however, if this goal is to be achieved. <br /> <br />A major challenge in - will be to meet the need for both affordable and higher-cost rental <br />housing. It is recommended that this be the top priority for use of vacant and <br />redevelopment sites in the community. To meet the need for more affordable rental <br />housing, rent subsidies are recommended rather than the much more costly new <br />construction, unless scarce subsidy funds can be found for some of the needed units. The <br />goal of 131 additional affordable rental units represents about 10 additional units per year <br />between the present time and the year 2010. <br /> <br />In addition to the rent subsidies, 421 new rental units will be needed, to make up for those <br />used with the rent subsidies and to meet the need for additional market-rate rental units. <br />These units are needed so that primarily empty-nesters and older people, but also some in <br />the younger population groups, will have housing alternatives in -, rather than having to <br />move to other communities. At 16 units per acre, about 26 acres may be needed to meet <br />this goal. <br /> <br />To further add to the flexibility in the - housing supply, and to meet the housing needs of <br />empty-nesters and older people, as well as some young families, the city needs to increase <br />its supply of attached ownership housing. About 99 units are needed. At 6 to 8 units per <br />acre, about 12 to 16 acres may be needed to meet the attached housing goal. <br /> <br />23 <br />
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