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CONCLUSIONS AND RECOMMENDATIONS <br />rASLE cRz <br />RECOMMENDED HOUSING DEVELOPMENT <br />CITY OF ROSEVILLE <br />20M1 to 2010 <br />Purchase Prkd No. of Pct. of Dcvdopmeat <br />Monthly Rent Range' Units <br />_:... . Total <br />~~ T <br />~_ - ~. F: <br />Single-Family/Detached Townhoma' <br />Move-up 5350,000 - 5500,000 25 - 30 63% 2010+ <br />Executive 5500,000+ 15 - 20 38% 2011+ <br />Taal 40 - SO 100% <br />Multifamily Townhomes/Twin Hanes3 <br />Entry-level $200,000 - 5275,000 ti0 - 70 60% 2012+ <br />Upper-end $300,000+ 40 - 50 40% 2012+ <br />Tonal 100 - 120 <br />. 100% <br />. <br />,. <br />,. <br /> <br />>.~ ti ..-: <br />Market Rate Rental Housing 5775 - 51,750 80 - 100 50% 2009+ <br />Affordable Rental Moderate-income 80 - 100 50% 2009+ <br />Taal 160 - 100 ~ <br /> <br />Active adult affordable remal *" Moderate-income 50 - 60 21 % 2009+ <br />Active adult market rate rental ** 5875 - $1,700 60 - 80 26% 2012+ <br />Alive adult owner Market (coop/oondo) 60 - 70 26% 2013+ <br />Assisted Living 52,600 - 53,900 40 - 50 17%, 2013+ <br />Memory Care] 53,500 -54,500 24 - 36 ] 0% 2013+ <br />Total 234 - 1% X100% <br />Alternative Development Concept"* <br />Acriir adultrental -mixed income Mu of MR & affordable 80 - 40 34% 2005x+ <br />' Pricing in 2009 dollars. Pricing can be adjusted to account for inflation. <br />' Replacement need only. Development ofsinglafamily or detached townhomes wr71 hinge on land evaiLbil ty. Due to Roseville's <br />location, there is pent-up demand that exceeds the replacemem need <br />Additional demand (65 - $5 units) can be fidlfilled betNeen 2015 and 2020. We do not recommend a condominium component until <br />O15 or later_ <br />Roseville coutd potentially support multiple affordable products through 2020. However, we recommend phasing affordable housing <br />velopment over the next decade, <br />Memory care housing wall be acomponent of eassisted-living orservice-intensive congregate building <br />Alternative development concept is to combine active adult afforable and active adult market rate into one mixed-inco <br />i <br /> me cwnmun <br />ty. <br />Note: Rosevflle may not be able to acrnmmodate all recommended housing types based on land availlbflity and development <br />contrainta. Reeommend~ development does not directly coincide with total demand <br />Source: Maxfield Research Inc. <br />M~r1~LU KL,L~'AKCH INC. 88 <br />