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Table 4 -6: 2030 Land Use Plan Housing Capaci <br />Anticipated <br />Development <br />Time Frame <br />Land Use <br />Developable <br />Acres <br />Density <br />Total <br />Units <br />Staging <br />Area <br />Totals <br />Stage 1: <br />2008 -2020 <br />High Density Residential <br />40 <br />8.0 <br />323 <br />Low Density Sewered Residential <br />478 <br />1.5 <br />717 <br />Medium Density Residential <br />230 <br />3.6 <br />827 <br />Mixed Use <br />399 <br />Varies <br />2107 <br />RR Low Density <10 Acres* <br />163 <br />1.1 <br />175 <br />2010 -2020 Total 4,150 <br />Stage 2: <br />2020 -2030 <br />High Density Residential <br />92 <br />8.0 <br />739 <br />Low Density Sewered Residential <br />450 <br />1.5 <br />676 <br />Medium Density Residential <br />154 <br />3.6 <br />553 <br />Mixed Use <br />40 <br />Varies <br />276 <br />RR Low Density <10 Acres* <br />192 <br />1.1 <br />207 <br />2020 -2030 Total <br />2,450 <br />2008 -2030 <br />Total 6,600 <br />*These areas consist of existing rural residential parcels less than 10 acres that are reguided for <br />Low Density Residential on the Future Land Use Map. <br />Life -Cycle Housing and Housing Diversity <br />Life -cycle housing is defined as housing that meets the needs of the community in all age ranges <br />and affordability levels. To accommodate this range in housing options, the City's housing supply <br />should be diverse and consist of a variety of styles and price ranges to serve all residents. The <br />Metropolitan Council has developed certain generalizations concerning each age group and its <br />respective housing needs. This information is important in terms of developing a plan to provide <br />a variety of housing to meet the needs of these different age groups and maintain a strong and <br />vital community. <br />Usually, people between the ages of 0 and 19 are students living with their parents. Those <br />between the ages of 20 and 24 are often renters and do not often become first time home - <br />buyers until they reach the ages of 25 to 34. First -time homebuyers (25 -34) and move -up <br />renters often prefer to purchase modestly - priced single - family homes, town homes, or rent <br />upscale apartments. <br />People aged 35 to 49 often are in their peak earning years and can afford to buy a larger home <br />with more amenities, referred to as move -up housing. Empty nesters are usually between the <br />age of 50 and 64 and many of them may decide to downsize to a smaller housing unit, as with <br />younger seniors, (between the ages of 65 to 74). This choice may include renting a multi - family <br />unit, purchasing a lower- maintenance multi - family housing product such as a condominium or <br />town home, or purchasing a home in a retirement community. Older seniors (74 and above) may <br />begin to require some level of assisted housing. <br />4 -14 <br />• <br />• <br />• <br />