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Attachment A CONCLUSION,S AND REC�MMENDATIONS • Sic�e-hv-Side and Back-to-Back Towrihorrtes -- This housing product is designed with faur or more separate living units and can be built in a variety of configurations. With the reiative affordabi[ity oft�ese units and multi-level li�ing, side-by-side and back-to-back townho�nes hava the greatest appeal among entry-]evel ho�seholds without children, young families and singles andlor roommates across the age span. Hauseholds typically choose this housit�g prQduct for the maintenance-free iifestyle and relative affordability for new construction hausing. Although a primary reason far attached multifamily housing is af�'ordability, we recommend that attention be placed on the visual and structural quality af hausir►g as well as its compatibility with the architec�ure a� sur- rourrding �ames. Twinhomes and One-Level Townhorrzes — By def nition, a twin home is basicaIly two units with a shared wall with each owner owning half of the iat the home is on. Some o�e-level living units are designed in three- or four-unit buildings in a variety of configurations. The swell of svpport %r twinhome and one-level living units is generated by the aging baby boomer generation, which is increasing the numbers of older adults and seniors who desire low-maintenance housing alternatives ta their single-family homes but are not ready tq move to service-enhanced rental housing. Housing products designed to meet the needs of these aging Roseville residents, many of whotn desire to stay in the City if housing is avail- able to meet their needs, will be needed into the for�seeable future. We recqmmend that development of twinhomes and one-level townhomes be a comprised of a iesser percentage af harr�es priced between �250,000 and $275,000 as well as a higher per- centage priced above $3QQ,OQO, Many seniors will move to this housing product with sub- sfiantial equity in th�ir existing single-family home and will be willing to purchase a nicer, more efficient I�ome that is similar to ar slightly abo�e the price point af their existing sin- gle-family �ome. Gener-al Occupancy Rentad Housing 4ur campetitive inventory identified that no new general occupancy rental product has been added to the City o€ Roseville far nearly two decades. Due to the age and positianing of the ex- isting rental supply, a significant portion of units are priced at or below HUD guidelines for af- fardable housing, which indirectly satisfies dernand from households that incorne-qualify far fi- naneially assisted housing. As a result, a limited portion of the existing rental stock actually ca- ters to those who desire newer contemporary market rate rental housing. Based an our analysis of the existing rental stock and availabiliiy of dafferent general occupancy rental housing types, we recommend development of 80 to 100 market rate rental housing units and 80 to 100 affordable units. We believe these product types could be developed as Soon as za 1 a. Market Rate General Occupancv Rental — The existing r�ntal supply in Roseville has a sig- nificant mix of ages and household types represented, A new rental project wiI] also ha�e a MAXFIEC.D RESEARCH INC. 90