06-26-1996 Council Agenda - Laserfiche WebLink

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JUN -20 -1996 13:18 NRC Document which predicts that the number of households in Little Canada will increase by 698 households, from 3,902 in 1990 to 4,600 in 2010. Naturally, the 268 additional unit estimate assumes that the City will grow as projected in the Regional Blue Print. It should be emphasized that this number is a "ballpark" estimate provided primarily for reference purposes. The City's indexes for the measures of Life -Cycle Housing are also illustrated below. In terms of the type of life-cycle housing, 64 percent of the City's life -cycle housing is not single family detached houses. The regional benchmark for this measure is 35 -36 percent. In terms of owner /renter life - cycle housing, 60 percent of the life -cycle housing stock is owner occupied, below the benchmark slightly by 4 percent. Conversely, 40 percent of the City's life -cycle housing is renter occupied, 4 percent higher than the regional benchmark. 612 595 983? P.03/03 PAGE 2 These figures are a direct result of the large number of multiple family structures within the City. The City should work, as market factors and resources allow, to improve the ratio of owner occupied versus renter occupied lift-cycle housing in the community. The most obvious means of accomplishing this goal is to promote increased availability of medium density townhouse units and high density condominium apartments. In terms of housing densities, the City of Little Canada exceeds the Metropolitan Council's regional benchmark. The density of single family homes in the community is currently 2.0 units /acre, which is above the benchmark range established by the Metropolitan Council. The density of multiple family housing is well above the established benchmark of 10 -12 units/acre, at 17 units/acre according to the Metropolitan Council. CITY OF LITTLE CANADA AFFORDABLE/LIFE -CYCLE INDEXES, BENCHMARKS & NEGOTIATED HOUSING GOALS CrrY 1bmgx SENCIIMA K GOAL ... AFFORDABILITY �. Ownership - 76% 60.69% Remain atom abovc ben benchmark Rental 38% 35.48% Remain at or above batch ark L47E -CYCLE Type (Non.einglofamily detached) 6494 35 -36% Remain at or above benchmark Owner /renter mix 60%f 40% (64 -75)%I (25 -36)% Raaana at er abovo benchmark DENSITY Singlo Family Detached 2.0 /acre 1.8 -1 9 /sore Rannin at or abovo 1»ndmaik Multifamily 17 /sore 10 -12 acre Rennin at er abovo benchmark ' —gran ..�.. .... -. �--.. .�. Source Metropolitan Cormca_ Cr r x ur L12lLa CANADA Page 106 11vvSING ACTIONPLAN TOTAL P.03