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Work Session - September 26, 2023 Page 2 The materials and research from prior analyses showed that the City’s housing stock in this low- density category totals about 4 percent of that stock as rental. Existing Rental Housing. Currently, rental housing in St. Anthony is licensed. The purpose of the current licensing program is to ensure that residences held out for rent meet standard life- safety requirements. Licenses are required for any rental property, and include an annual inspection. The license fee is $150 for single family properties. For the most recent year, just over 90 owners held licenses to 113 individual units (not including multi-family buildings of 4 or more units, or mobile home rentals). More than 60 of those own and rent just one building in the City. Only a couple dozen individuals/entities own more than one unit, most of which own two, with the largest rental land holder currently renting 4 individual single family homes. This is from a single family housing stock of just under 2,100 single family homes. Specific to Single Family detached homes, the second map illustrates the single family licensees on the zoning map. A total of 54 single family detached homes are being rented of the 113 units totals. There are 3 instances of 2 adjoining single family homes being rented, and 1 instance where 3 contiguous parcels hold rental units. The remaining 45 units are spread throughout the community. In looking separately at where the owners of rental properties are located, about one-third of the owners are St. Anthony residents or entities, with another third of owners being located in adjoining and nearby communities, including Minneapolis, New Brighton, Fridley, Columbia Heights, and Roseville. The remaining third of owners are located elsewhere (mostly metro Twin Cities). Just five of the approximately 90 rental property owners are located out of state. Single Family Rental Regulation. In the general marketplace, there has been a trend in some areas in which larger companies buy up (or develop) larger numbers of single family homes and hold them for rentals. The concerns raised by this trend relate primarily to an erosion of home ownership, and concerns over widespread maintenance problems or tenancy turnover. Home ownership has long been a goal for many communities, as it has an extensive history of improving neighborhood stability, and a series of other benefits that lead to stronger citizenship and community strength. As a result, some communities have adopted regulations that limit the number of rental units in the community. In many of these examples, the regulations limit the number of rental units by geographic area. The idea behind these limitations is to avoid an over-concentration of rental housing in a particular area, with the goal being to ensure that ownership remains the dominant form of occupancy in any particular neighborhood. This approach to rental housing has been subject to legal challenges in a number of Minnesota communities. Most significantly, the City of Winona adopted an ordinance limiting the number