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<br />. <br /> <br />Introduction <br /> <br />Cities throughout the Twin Cities Metropolitan Area will experience, to varying degrees, <br />the aging of the population over the next several decades. To accommodate anticipated <br />changes in the age groups of their populations, cities will need diverse and flexible housing <br />supplies that can be called upon to meet the needs of various age groups. <br /> <br />The purpose of this Life Cycle Housing Study is to determine what changes the City of - <br />will need in order to have a housing supply that will meet the needs of the population in <br />the year 2010 and beyond. The study begins with a picture of the community in the <br />current decade (1990 Census) and moves on to the year 2000 and then 2010, using <br />changes in the age groups of the population, as well as other factors such as turnover of <br />the existing housing supply, to determine what types of housing the community will need <br />to meet the demands of the future. Special housing characteristics of the community, such <br />as the existence of an ample supply of reasonably-priced, one-story single-family homes, <br />are also taken into account. <br /> <br />With the information contained in the Life Cycle Housing Study, the community will be in <br />a good position to plan for future housing development and redevelopment needs. It will <br />be able to anticipate both shortages and oversupplies of various housing types, if any, <br />which may also serve to protect the housing values of the city's current housing supply. <br /> <br />The information provided by the Life Cycle Housing Study can be used by - to review its <br />comprehensive plan housing goals, as well as its goals under the Livable Communities <br />Act. In a city such as -, with very little land available for housing development, it is <br />particularly important that development and redevelopment decisions be made carefully <br />and with as much supporting information as possible. <br /> <br />As with any forecast, the numbers contained in this report are estimates. Many unforeseen <br />events could occur that might change the forecasted housing needs, both in - and in the <br />larger market area. The economy could change, affecting the income levels of people in <br />many age groups. Major over-building, or under-building, of particular housing types in <br />surrounding communities could also affect housing demand in -. However, in spite of <br />these or similar events beyond the control of the city, it is still important for - to make <br />every effort to provide housing most likely to be needed in the future. <br /> <br />3 <br />