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Planning Commission - October 18, 2023 Page 3 Existing Conditions and Regulations. Included with this material are two maps that identify (1) the location of parcels with rental housing licenses, and (2) the specific parcels that hold single family homes with rental licenses. Accompanying the maps is a summary of the license-holders and addresses for all rental residential properties – this list includes both detached and attached housing from 1 to 3 units and excludes any multi-family properties of 4 or more units. 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. For single family homes specifically, approximately 2 percent of that category are licensed and occupied as rental units. 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 full year (2022), just over 90 owners held licenses to 113 individual units (including all single family, two-family, and three-family buildings, but 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 3 contiguous are owned by and adjacent to the Nativity Church. 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. Ordinance Design and Options 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