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2008 Mounds View Comprehensive Plan ________________________________________________________________________ Chapter 4: Housing 4-2 Introduction Mounds View is a fully developed suburban city in the northern Twin Cities metropolitan area. Residential land uses are and will continue to be the principal land uses in Mounds View. A variety of forces affect housing including demographic, regional and local trends, the economic climate the availability of land, government controls and the real estate market. A key factor in the City’s ability to provide a high quality of life has been the strong neighborhoods, which have a variety of housing styles and types, ownership and rental options and range of housing costs. The intent and content of Mounds View’s housing element of the Comprehensive Plan is to: • Clarify the City’s role in protecting the quality of existing housing and neighborhoods, • Diversify the cost and types of housing in the city, • Maintain and improve the quality of the existing housing stock, • Respond to changes in housing needs and • To provide infill housing where possible. The housing element of this plan reviews the current housing situation and establishes a plan to meet the city’s future housing needs. In addition, this element reports on four areas that the Metropolitan Council requires the City to study including housing goals and policies, existing housing supply, future housing needs and housing programs that the City has or will use to achieve the goals. Regional Influences The Twin Cities Metropolitan area grew by nearly 800,000 households over the last three decades. The Metropolitan Council expects growth in the region to continue for the next 20 years with an increase of about 966,000 people and 471,000 new households. In addition, the demographic make- up of the Twin Cities is expected to change. The number of persons per household has been falling and is expected to drop further. In 1980, the average number of people per household in the region was 2.75 and by 2000, the average fell to 2.59 people per household. The Metropolitan Council expects this average to decline to 2.41 persons per household by 2020. This decline in household size is due in part to the aging population. The region’s population under the age of 55 is expected to grow only 19 percent while the population 55 years and older is expected to grow by 111 percent. The minority population also is expected to grow at a higher rate than the growth experienced in the 1990’s. This population group also is forecasted to account for 60 percent of the regions population growth.