2009-10-20_Agenda - Laserfiche WebLink

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Attachment A CONCLUSIONS AND RECOMMENDATIONS Additionally, we believe the existing rental stock plays a critical roie in providing (indirectly) a% fordable housing to moderate-income households. Efforts to maintain and/or improve the quali#y of these older properties rnay be needed in order ta cantinue to provide high-qua]ity housing that meets the needs of maderate-income househoIds. Senior Housing As illustrated in Table CR1, strong demanci exists for seniar housing in the City of Roseville. AI- though Roseviil� already has an array of senior housing options, much ofthe forecast growth in Roseville is a result of the existing population base aging into the older adult and senior age co- horts. Development of additionaI senior hausing is recommended in order to provide housing opportunity to these aging residents in their stages of later Iife. The types of hausing products needed to accommodate the agin� population base are discussed individually in the following section. Before mo�ing forward in our discussion, it is important to note that sinnilar to other established sub�arbs in the Metro Area, the age distribution is weighted toward the older adult and seniar co- horts. The development of additional senior housing serves a two-fold purpose in meeting the housing n;ee�ls in RoseviIle and other established communities: older adult and senior residents are able to relocate to new age-restricted hoUSing in Roseville, and existing homes and rental units that were �ecupied by seniars become available to other net� hous�holds. Hence, devel- opn:�ent of additional senior housing does not mean the hausing needs of younger hoUSekQlds are neglected; it simply rrzeans that a greater percentage of housing need is satisfied by housing unit turnover. Active Adult Rental — In the near-term, we recommend deve�opment of an 80 �0 90 mixed- income active adult rental project in the City of Roseville. Currently, no market rate or affordable (i.e. shallow subsidy) act[ve adult rental housing is a�ailabie in the City. Older adUlts and seniors who desire these housing products have either been forced to relocate to other communities outside the City of Roseville or are residing at general occupancy renta] projects. We believe a mixed-incame building would be an ideal development cancept ta create the most dynaanic, inclusive community for active seniors and to temper stigmas and potential neighborhaod opposition of affordable hpusing development. Due to the current recession and housing market slowdawn, �nany markets have experienced delays in realizing demand for market rate active adult housing. These delays are the resuit of seniors who choose not to sell their homes or �nd they are unable ta sell their homes, along with the fact that active adult rental hausing is not need�based. While the affordable component of the mixed-income building could be built as soon as this year, we recomrnend that devel�pment delay until 2011 in order to aIlow the market to regain momentum. Alter- natively, �he project couid be built in two p�ases {with affordable housing in the first phase} or, less ideally, developed separately dua to the conditions. MAXFIELD RESEARCH INC. 92