2017.12.20 Parks Packet - Laserfiche WebLink

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Image Placeholder 92HOUSING2040 COMPREHENSIVE PLAN UPDATE DRAFT Dec14-17 for review only A2040 COMPREHENSIVE PLAN UPDATE DRAFT Dec14-17 for review only A2040 COMPREHENSIVE PLAN UPDATE A2040 COMPREHENSIVE PLAN UPDATE Housing Types Lifecycle Housing and Housing Diversity Life-cycle housing is defined as housing that meets the needs of community residents and ranges from new households of young adults to established households of seniors in their retirement years� To accommodate this range, the City’s housing supply should be diverse, consisting of a variety of prices and styles of housing� As people go through various stages and/or changes in their lives, their needs and desires for different types of housing change� The City must provide the policy leadership and supportive programs necessary to meet the anticipated future housing needs of residents� The housing needs in Hugo are represented by the following: • Entry-level householders who often prefer to rent basic, inexpensive apartments� They are usually singles, couples or roommates in their 20’s without children� • First-time homebuyers and move-up renters who often prefer to purchase modestly-priced single- family homes and townhomes or rent more upscale apartments� They are usually married or cohabiting couples, some with children, in their mid-20’s or 30’s� • Move-up homebuyers who often prefer to purchase newer, larger and therefore, more expensive single-family homes� They are typically married couples in their late 30’s to 40’s with children� • Empty-nesters who generally prefer owning and may consider moving to alternative lower maintenance housing products� They are generally couples in their 50’s or 60’s with no children living in the house� • Younger independent seniors who prefer owning but will consider renting their housing� Some will move to lower-maintenance housing products and some will move to retirement havens for at least part of the year� They are generally in their late 60’s or 70’s� • Older seniors who may need to move out of their single-family home due to physical or health constraints or a desire to reduce their responsibilities for upkeep and maintenance� The following factors may limit the City’s ability to meet life-cycle housing needs in Hugo over the next twenty years: • The supply of housing, both rental and ownership, may not keep pace with the demand created by changing demographics� Such changes indicate that the demand for alternatives to the single family home will continue to be strong in the future� • Sites suitable for higher-density housing types (apartments) are limited to the needs of the marketplace� • Public resources for assisting in the provision of special needs housing for the elderly and disabled are very limited� • The demand for affordable family and senior housing far exceeds the supply� • The lack of any consistent transit service to the community� • The cost of new construction including land labor and materials keeps the cost of detached single- family housing out of reach for most first- time homebuyers.