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<br />City of Ramsey <br />MASTER HOUSING PLAN <br />DRAFT <br /> <br />---.....---..-.-.--..-.-.-.-...--------..-----..----..--------..-----...---...-------...-- <br /> <br />Housing Goals & Policies: <br /> <br />Providing a balanced community with a variety of housing stock is essential to the future stability of <br />a city in terms of property value, ability to attract quality commerce and industry and support the <br />services of the city. The following housing goals were developed by the City's Housing & <br />Redevelopment Authority (HRA) as a guide for providing direction regarding development and <br />distribution of housing financial resources. The Ramsey City Council serve as the board of <br />directors of the HRA and evaluated citizens comments and discussions surrounding Ramsey's <br />current and future housing needs in framing the housing goals. <br /> <br />HOUSING GOAL #1: <br /> <br />Provide a variety of housing options for people at all life stages and income levels to encourage <br />existing and future residents to stay in Ramsey throughout their lives and to achieve a <br />balanced housing supply. <br /> <br />SUPPORTIVE FINDINGS: <br /> <br />1. Ramsey's population consists of primarily middle-aged adults and children. Children <br />(ages 0-17) and middle-aged adults (ages 25-35) compose of 67% of the total population, <br />which is substantially higher than the region (58%). An additional 23% are baby-boomers. <br />Only 7% of the population is young adults (18-24) and 3% are seniors (over 65). Compared <br />with the region, Ramsey has a substantially lower percentage of young adults and seniors. <br />However, the senior population shows the greatest difference. The region's senior <br />population is 10% of the total population, while the senior population in Ramsey is only 3% <br />of the total. <br /> <br />2. Despite increases in children and middle-aged adults, the percentage of households <br />that are classified as families with children decreased from 61 % of the total population <br />to 51 %. This observation, combined with finding #1, indicates that the increase in children <br />and middle-aged adults does not parallel the increase in the percentage of families in <br />Ramsey. While the City is growing, and adding families, the percentage of the city defined <br />as families with children is decreasing. This suggests that there is an increase in the number <br />of families without children and middle-aged adults in non-family situations. This <br />observation is important when assessing housing demand. It indicates that there is an <br />increasing number and percentage of empty-nester households in Ramsey who may be <br />exploring options to relocate, downsize, or age-in-place. <br /> <br />3. According to the market study conducted by Maxfield Research, the Ramsey Town <br />Center provides the best market, land use, and shopping and transit opportunities for <br />rental housing development. The area of the City where Ramsey Town Center lies is <br />zoned for the highest density in the City. Furthermore, there are still many parcels available <br /> <br />City of Ramsey Master Housing Plan <br /> <br />(dr~ft #1) November 2007 <br />