Laserfiche WebLink
CONCLUSIONS AND RECOMMENDATIONS <br />er housing opportunities. Such flexibilities may include reductions in setbacks, parking re- <br />quirements, floor area, lot area, etc. We especially encourage higher densities near employ- <br />ment and transit corridors and new urbanism and mixed-use development. <br />The chart on the following page shows net housing densities by product type that may be <br />achieved. There is a movement in many Metro Area communities to smaller lot sizes <br />through planned unit developments that results in higher densities and more affordable hous- <br />ing costs. <br />TYPICAL HOUSING DENSITIES BY PRODUCT TYPE <br />Net Uuits <br />Product Per Acre <br />Single Family <br />Executive (90' wide lot+) 1.75 - 2.50 <br />Standard (60'-80' wide lot) 2.75 - 3.75 <br />Small Lot (less than 50') 4.00 - 5.00 <br />Detached Townhomes/Villas 4.50 - 6.00 <br />Twin Homes 6.50 - 8.00 <br />Townhomes/Rowhomes 10.00 - 14.00 <br />Low/Mid-Rise Multifamily 40.00 - 50.00 <br />Six-Story Muhifamily 65.00 - 75.00 <br />Hi-Rise Multifamily gg+ <br />Sources: Max iel Research lnc., Urban Land Institute, Site Planning <br />Affordable Housing. Due to the older housing stock of both owner-occupied and renter- <br />occupied housing, the need for general occupancy affordable housing is being mostly ful- <br />filled by the product in the marketplace. First-time home buyers are able to purchase entry- <br />ievel homes, and many market rate rental developments have rents that are considered af- <br />fordable. <br />However, there is a need for more diversity among housing types that are affordable, espe- <br />cially for families and seniors. Most of the existing housing stock cannot accommodate larg- <br />er families that desire three or more bedrooms per unit. In addition, there is a need for af- <br />fordable age-restricted housing with and without services. <br />We also recommend targeting housing assistance programs towards producing housing for <br />the workforce - or those households earning between 80% and 120% of AMI. <br />Financial Barriers. The economics of developing affordable housing are difficult to <br />achieve, especially with increasing land costs and property taxes. Partnerships between the <br />City and developers should be sought to.help alleviate some of the overall carrying costs. In <br />MAXFIELD RESEARCH INC. 94 <br />