CC_Minutes_2009_1116 - Laserfiche WebLink

Home

CONCLUSIONS AND RECOMMENDATIONS Additionally, we believe the existing rental stock plays a critical role in providing (indirectly) af- fordable housing to moderate-income households. Efforts to maintain and/or improve the quality of these older properties may be needed in order to continue to provide high-quality housing that meets the needs ofmoderate-income households. Senior Housing As illustrated in Table CR1, strong demand exists for senior housing in the City of Roseville. Al- though Roseville already has an array of senior housing options, much of the forecast growth in Roseville is a result of the existing population base aging into the older adult and senior age co- horts. Development of additional senior housing is recommended in order to provide housing opportunity to these aging residents in their stages of later life. The types of housing products needed to accommodate the aging population base are discussed individually in the following section. Before moving forward in our discussion, it is important to note that similar to other established suburbs in the Metro Area, the age distribution is weighted toward the older adult and senior co- horts. The development of additional senior housing serves atwo-fold purpose in meeting the housing needs in Roseville and other established communities: older adult and senior residents are able to relocate to new age-restricted housing in Roseville, and existing homes and rental units that were occupied by seniors become available to other new households. Hence, devel- opment of additional senior housing does not mean the housing needs of younger households are neglected; it simply means that a greater percentage of housing need is satisfied by housing unit turnover. Active Adult Rental - !n the near-teen, we recommend development of an 80 to 90 mixed- incorae active adult rental project in the City of Roseville. Currently, no market rate or affordable (i.e. shallow subsidy) active adult rental housing is available in the City. Older adults and seniors who desire these housing products have either been forced to relocate to other communities outside the City of Roseville or are residing at general occupancy rental projects. We believe amixed-income building would be an ideal development concept to create the most dynamic, inclusive community for active seniors and to temper stigmas and potential neighborhood opposition of affordable housing development. Due to the current recession and housing market slowdown, many markets have experienced delays in realizing demand for market rate active adult housing. These delays are the result of seniors who choose not to sell their homes or find they are unable to sell their homes, along with the fact that active adult rental housing is not need-based. While the affordable component of the mixed-income building could be built as soon as this year, we recommend that development delay until 2011 in order to allow the market to regain momentum. Alter- natively, the project could be built in two phases (with affordable housing in the first phase) or, less ideally, developed separately due to the conditions. MAXFIELD RESEARCH INC. 92