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<br />2020 Annual Report • Administration • St. Anthony Village, Minnesota <br /> <br /> <br /> <br />38 <br /> <br />HOUSING <br />St. Anthony has a strong housing stock, with 4,097 households, based on current estimates. <br />While housing stock continues to age overall, it is comparatively younger than the housing <br />stock of other first ring suburbs and is overall well maintained. The housing stock is stable, <br />although land values continue to increase as a percentage of total value. An upcoming issue for <br />the City is expected to be single family property maintenance as structure age raises concerns <br />over reinvestment on lots with limited space. <br /> <br />In 2020, housing affordability became a more significant focal point, and the City has been <br />active in investigating options to provide a wide range of housing options, but in terms of renter <br />or owner occupied, as well as low density to high density development. Redevelopment of <br />certain areas (most notably in 2020 was the former Wal-Mart site- approved for nearly 500 <br />rental apartment units) reflects the City’s establishment of a housing density as high as 40 units <br />per acre under certain conditions. Density is an important component of affordability that can <br />help the City address affordability, although not all high-density housing is necessarily less <br />costly. Another high-density project (although smaller in total count) is an infill site along <br />Stinson Boulevard that is utilizing a variety of techniques to create housing that is inherently <br />more affordable, including fewer amenities and modular construction. <br />