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2020 -2030 <br />The overall demand for housing in Lino Lakes is projected to decline slightly from the 2010s to <br />the 2020s (Chart 4 -7). Demand for rental housing, however, will increase its proportion of the <br />share since the age distribution of the population will continue to skew toward older age groups. <br />This will be especially evident given that the leading edge of the Baby Boom will be aging into <br />their late 70s and early 80s during the 2020s. <br />The same forces that sharply increased the demand for owner- occupied multifamily housing in <br />the 2010s will still be present in the 2020s as Lino Lakes will begin to transition into a fully <br />developed community with development occurring on in -fill sites or as part of redevelopment <br />projects. This suggests that upwards of 75 percent of all newly constructed owner- occupied <br />housing will likely be multifamily housing. This was the experience in neighboring communities, <br />such as Shoreview, which, at the end of its development arc in the 1990s, experienced several <br />years when nearly 90 percent of its newly constructed homes were multifamily units. <br />Chart 4 -7 <br />Potential Demand for Housing in Lino Lakes <br />By Housing Type 2020 -2030 <br />Owner Occupied <br />Housing <br />1,400 - 1,750 Units <br />(70% of Total) <br />380 -470 West <br />1,020 -1,280 East .� <br />Housing Growth <br />Potential <br />2,000 -2,500 Units <br />550 -675 West <br />1,450 -1,825 East <br />Renter Occupied <br />Housing <br />600 to 750 Units <br />(30% of Total) <br />160 -200 West <br />440 -550 East J <br />Single- Family i Multifamily ' General 1 Age- Restricted <br />Housing Housing Occupancy 200- 250 Units <br />350 - 450 Units 1,050 -1,300 Units 400 - 500 Units (10% of Total) <br />(18% of Total) (52% of Total) (20% of Total) 55 -70 West <br />95 -120 West 285 -350 West 110 -135 West 145 -180 East <br />255 -330 East ,../ 765 -950 East 290 -365 East j J <br />Future Distribution of Housing Units <br />Based on the potential demand for growth over the next 25 years, the distribution of households <br />by housing unit type was calculated for the year 2030. This distribution is presented in Table 4 -4 <br />along with 2000 U.S. Census figures for comparison purposes. According to the figures, the <br />proportion of owner - occupied, detached single - family units will drop from nearly 90% of all <br />housing units in 2000 to just over 50% of all units by 2030. This reflects the anticipated increase <br />in demand for both owner- and renter - occupied multifamily housing units. <br />4 -12 <br />• <br />• <br />• <br />