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] <br />2 Introduction <br />A What is "multifamily" housing? <br />5 "Multifamily Housing" is a way to describe any housing that is not a detached, single- <br />�r family home. It is a term that covers any housing structure that has numerous housing <br />? units under one roo£ It can mean apartments, apartments intended for senior citizens, <br />8 single-familyattached units, condominiums,townhomes, or mobile homes, and includes <br />� both owned and rented units. <br />] {� <br />ll <br />]? <br />J3 <br />l4 <br />LS <br />1� <br />I"r <br />1d <br />]'� <br />�i] <br />�6 <br />�� <br />2,� <br />�� <br />�� <br />�4 <br />�^ <br />�8 <br />29 <br />3� <br />3] <br />32 <br />�3 <br />�•� <br />,� 5 <br />JSh <br />37 <br />�� <br />.�� <br />Why is multifamily housing important? <br />Multifamilyhousing serves a number of important functions in our society. First and <br />foremost are the variety of populations that are served by having access to a range of <br />housing types like apartments, condos, and townhomes. Whether they're young singles, <br />families with children, midcareer households, or seniors, many people ultimatelychoose <br />to live in multifamily housing because it suits their lifestyle. <br />Multifamily housing makes sense for the younger population. <br />Multifamily living arrangements provide the young population with great flexibility. The <br />option to enter into short-term living arrangementsmakes sense for college students and <br />other young adults who aren't necessarilyinterested in or ready to be responsible for a <br />mortgage and/or the maintenance of a home. In addition, younger people are more <br />inclined to want the fle�bility to move to another destinationthatbeckons, or hold open <br />the option of moving back in with their parents. <br />Apartments in Roseville give young residents a chance to experience living on their own, <br />yet still be near family members in the Twin Cities metro. They are in the stage of trying <br />on the responsibilityof being the head of household. Many young multifamilyresidents <br />later become Roseville homeowners, and others discover that multifamilyhousing is a <br />good fit for them for the long-term. <br />Families find multifamily housing attractive. <br />Young families may choose multifamilyhousing for the social networks, the affordability <br />of the units, or the pro�mity to work or school. There are people in their 30s and 40s <br />who may be single parents who prefer the flexibility of a shorter-term lease of a <br />townhome, apartment or condo. Sometime families are in transition and need a place to <br />live on a short-termbasis. Many families ha�e such busy lifestyles that they prefer to pass <br />on the responsibility of home maintenance. <br />a�� New immigrant families who move to Roseville for the schools and proximity to jobs <br />�1 may seek the communitythat multifamilyhousingbrings. They want a safe environment <br />�i� for their children with well-maintained playground equipment where other children will <br />43 be playing. Renting an aparimentis a simpler transitionfor new immigrants compared to <br />� compiling the paperwark, credit history and capital required to buy a house. <br />�� <br />MULTIFAMILY HOUSING REPORT FOR ROSEVILLE - DRAFT 8/16/04 F� 3 <br />