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• The older age groups--like the move-up group--also ,tend to depend on the younger home buyers for liquidating their home equity. The increase in older households will create demand for both home-based and community-based housing and service combinations. • The projected slower turnover of homes for first-time home buyers could have a favorable impact; the homes would remain more affordable for first-time home buyers, making it possible for the children of current residents to buy homes in Columbia Heights. • Although the overall demand for additional housing units is .expected to diminish in the 1990s, the need for affordable units in the region, including subsidized housing, will continue to increase. Activities of the Columbia Heights HRA (lousing Programs: A. Parkview Villa North (PVVN) Public Housing, 965 40th Avenue NE: 101 units of public housing for lower income seniors and handicapped or disabled persons,completed in 1975 with construction financed by and project major improvements/maintenance assisted by HUD under their Public Housing Program. B. Parkview.Villa South Senior Public Housing, 965 40th Avenue NE (located south of and attached to PVVN): 45 units of senior public-housing for lower income seniors, completed in 1991 with development and construction financed through tax increment General Obligation Bond proceeds. The TIF GO Bond will be paid off by tax increments from the Downtown Business District Tax Increment District from the Years :2003 to 2009. On-going operation/ maintenance and improvement cost will be paid for through rents received. C. Rental Assistance Program: Under this Federally (HUD) funded Section 8 Rental Assistance Program, an average of 215 very low income families are being assisted in paying their rent in rental units in-Columbia Heights. The HRA administers this program for both Columbia Heights and Hilltop (an'additional 7 units on the average) through a contract with the Metropolitan Council HRA. .�.�s 16