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2004_1011_Packet
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2004_1011_Packet
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� <br />� <br />� <br />.5 <br />� <br />7 <br />� <br />� <br />f� <br />�t <br />]� <br />13 <br />I� <br />L� <br />L6 <br />L� <br />L8 <br />L4 <br />�Q <br />�] <br />�? <br />�� <br />�� <br />�5 <br />�� <br />�� <br />�$ <br />�9 <br />��i <br />�l <br />�� <br />�J3 <br />APPENDIX D: REPORT CONCLUSIONS <br />]. There is a young family population within rental multi family housing and when <br />they move to ownership housing they tend to move out of Roseville. <br />�, Even though Roseville's home ownership rate (68%) is higher than the national <br />average, it is below the average of the state and metropolitan region. <br />;. There is an increasing number of older population within multifamily housing due <br />to the affordabilityand increasedtenure. <br />�. Many of the smaller more affordable multi-family complexes do not include the <br />school-aged child resources. <br />�_ More than 80% of Roseville apartments have one or two bedrooms which is not <br />attractive for young families. <br />�. The majority of the multi-familyhousing stock in both rental and ownership <br />projects is over 40 years of age which may require significant renovation. <br />The average value of multi-family apartments is below the Twin Cities average of <br />$65,000 per unit and over 30% of the complexes have a value below $50,000 per <br />unit. <br />�, There are approximately9,000 Roseville residents who live in some type of <br />multifamily housing and over 70% of them pay rent which represents a significant <br />and important population of the City. <br />�, The City's housing goals of maintaining 40% multi-family and 60% detached <br />single family mix is beginning to change as properties are (re)developed into <br />more multifamily housing. <br />�J� !� Less than 1.5% (130 acres) of the land in Roseville is remaining to be developed <br />�S for the firsttime. Of those 130 acres, 35% (45 acres) are planned for multi-family <br />�� housing. <br />�7 <br />��S 11. There could be 1,200 new residents added in Roseville, if the 45 acres were <br />�� developed for multifamily housing. <br />MULTIFAMILY HOUSING REPORT FOR ROSEVILLE - DRAFT 8/ 16/04 Page 19 <br />
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