CC_Minutes_2009_1116 - Laserfiche WebLink

Home

CONCLUSIONS AND RECOMMENDATIONS addition, the City should offer developer incentives and/or housing bonuses and should con- sider donating City owned land to affordable housing developers. ~ Aging of Population. As illustrated in the Demographic Analysis section of the report, Roseville is aging and will continue to age for the next few decades. The leading edge of the baby boom generation will be entering their mid-60s after 2010 and the demand for senior housing is expected to be strong past 2030 in the Metro Area. Many baby boomers will de- sire to retire near their single-family residence and will seek a maintenance free housing type initially, before desiring housing with services after 2020. The development of age-specific housing to accommodate this demographic shift will free- up the existing housing stock to allow new younger generations to purchase single-family housing in Roseville. • Land Banking. Land Banking is a program of acquiring land with the purpose of develop- ing at a later date. After a holding period, the land can be sold to a developer (often at a price lower than market) with the purpose of developing housing. The City should consider estab- lishing aland bank to which private land may be donated and public property may be held for future affordable housing development. • Twin Lakes Redevelopment. Over the past decade the City of Roseville has been planning for the redevelopment of 275-acres, of which about 170-acres remains available for redeve- lopment. The area is planned for a mix of real estate products, however residential uses could potentially absorb significant acreage. As a result, this area could create induced de- mand for additional housing products in Roseville. Land Use Changes As mentioned previously, new housing units in the City of Roseville will be the result infill de- velopment, increased housing densities and redevelopment. A map on the following page shows future housing development areas available in the City of Roseville according to the 2030 Com- prehensive Plan. MAXFIELD RESEARCH INC. 9S