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Planning Commission Regular Meeting Minutes <br />April 15, 2025 <br />Page 2 <br />1 Based on feedback from previous work sessions, updated single-family rental housing ordinances <br />2 should meet the following goals: <br />3 <br />4 Goal 1 – Preserve single-family neighborhoods in the Village as the primary driver of <br />5 neighborhood character. <br />6 <br />7 Goal 2 – Preserve opportunities for interested families to purchase owner-occupied housing <br />8 (including both single- and multi-family housing types). <br />9 <br />10 Goal 3 – Seek opportunities for development of new housing that supports the goal of adding <br />11 affordable units in the community, whether through redevelopment, or through the use of <br />12 outside agency expertise. Preserve single-family housing in the Village through limitations on <br />13 rental licensing that manage and avoid loss of such housing to investor-ownership. <br />14 <br />15 Goal 4 – Balance protection for ownership opportunities in ways that accommodate special <br />16 circumstances, and general healthy-market conditions, given the Village’s low rate of renter- <br />17 occupied patterns and higher housing values. <br />18 <br />19 In addition, the following considerations may help identify how the City compares to the metro-wide <br />20 average. Estimates of these numbers often vary, but these represent an average of the data sources. <br />21 <br />22 The number of single-family dwellings that are being rented long-term in the City has ranged <br />23 from the high 50s to mid-60s over the past few years. The City has 1,954 single-family homes <br />24 in the city, resulting in a percentage of 3% of single-family homes. In comparison, over 20% <br />25 of single-family homes region-wide are renter-occupied. There is no discernible trend in <br />26 single-family rentals over the past few years. <br />27 Of the City’s total housing stock (~4,300 units), 60% are reported to be owner-occupied. This <br />28 estimate assigns an owner-occupied rate of approximately 25% of the multi-family units in the <br />29 City. This compares to a region-wide owner-occupied percentage of approximately 66%. <br />30 The disparity is in the relative ratio of attached/multi-family units. St. Anthony has a higher <br />31 percentage of attached residential units than the metro at-large, which is at about 30% multi- <br />32 family overall (50+% in St. Anthony). However, this disparity appears to be mitigated <br />33 somewhat in that a higher percentage of St. Anthony’s multi-family units are owner-occupied <br />34 than is common in the region. <br />35 Code compliance staff have reported no clear correlation between rental- or owner-occupied <br />36 units as far as the levels of code violations or issues. <br />37 As staff has reported in the past, the large majority of single-family homes being rented are <br />38 owned by parties who are licensed for only one such unit in the City, and the next largest <br />39 category is of those who own and license two rental units. Only a few of the City’s <br />40 landlord/owners own more than one or two units for rent. <br />41 Market costs for single-family homes in the Village remain relatively high, which is believed <br />42 to discourage large-scale investor-owned housing speculation. <br />43 Previous work session meetings with Planning Commissions have expressed interest in <br />44 limiting single-family rentals and a desire to avoid large concentrations of single-family <br />45 rentals in any area of the City. <br />46