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CC_Minutes_2009_1116
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Roseville City Council
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Council Minutes
Meeting Date
11/16/2009
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CONCLUSIONS AND 1tECOMM)CNDATIONS <br />• Side-bv-Side and Back-to-Back Townhomes - This housing product is designed with four or <br />more separate living units and can be built in a variety of configurations. With the relative <br />affordability of these units and multi-level living, side-by-side and back-to-back townhomes <br />have the greatest appeal among entry-level households without children, young families and <br />singles and/or roommates across the age span. <br />Households typically choose this housing product for the maintenance-free lifestyle and <br />relative affordability for new construction housing. Although a primary reason for attached <br />multifamily housing is affordability, we recommend that attention be placed on the visual <br />and structural quality of housing as well as its compatibility with the architecture of sur- <br />rounding homes. <br />Twinhomes and One-Level Townhomes - By definition, a twin home is basically two units <br />with a shared wall with each owner owning half of the lot the home is on. Some one-level <br />living units are designed in three- or four-unit buildings in a variety of configurations. The <br />swell of support for twinhome and one-level living units is generated by the aging baby <br />boomer generation, which is increasing the numbers of older adults and seniors who desire <br />low-maintenance housing alternatives to their single-family homes but are not ready to <br />move to service-enhanced rental housing. Housing products designed to meet the needs of <br />these aging Roseville residents, many of whom desire to stay in the City if housing is avail- <br />able to meet their needs, will be needed into the foreseeable future. <br />We recommend that development of twinhomes and one-level townhomes be a comprised of <br />a lesser percentage of homes priced between $250,000 and $275,000 as well as a higher per- <br />centage priced above $300,000. Many seniors will move to this housing product with sub- <br />stantial equity in their existing single-family home and will be willing to purchase a nicer, <br />more efficient home that is similar to or slightly above the price point of their existing sin- <br />gle-family home. <br />General Occupancy Rental Housing <br />Our competitive inventory identified that no new general occupancy rental product has been <br />added to the City of Roseville for nearly two decades. Due to the age and positioning of the ex- <br />isting rental supply, a significant portion of units are priced at or below HUD guidelines for af- <br />fordable housing, which indirectly satisfies demand from households that income-qualify for fi- <br />nancially assisted housing. As a result, a limited portion of the existing rental stock actually ca- <br />ters to those who desire newer contemporary market rate rental housing. <br />Based on our analysis of the existing rental stock and availability of different general occupancy <br />rental housing types, we recommend development of 80 to 100 market rate rental housing <br />units and 80 to 100 affordable units. We believe these product types could be developed as <br />soon as 2010. <br />• Market Rate General Occupancy Rental -The existing rental supply in Roseville has a sig- <br />nificant mix of ages and household types represented. Anew rental project will also have a <br />MAXFIELD RESEARCH INC. 90 <br />
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