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1) Work toward developing various senior housing options including <br />independent living, cooperatives, and assisted living facilities, both <br />market rate and affordable. <br />2) Focus on providing choices for empty- nesters, including aging in <br />place and downsizing, to allow the majority of current residents to <br />stay in Ramsey. <br />3) Provide opportunities for young adults to continue to live in <br />Ramsey after leaving their parents' homes by supporting the <br />development of quality rental housing. <br />4) Provide a balanced housing supply, with approximately 90% <br />ownership housing and 10% rental housing, to expand options for <br />workforce housing and housing for young professionals. <br />5) Continue to develop more affordable single family housing such as <br />condominiums and small -lot single family homes that includes <br />higher architectural variety and quality. <br />6) Explore opportunities to attract executive level housing to provide <br />a variety of housing choices and opportunities in the City. <br />Goal 2: Revitalize /rehabilitate areas where the housing is aging and in need <br />of repair and where the land is underutilized and /or has potential for <br />future redevelopment consistent with the Comprehensive Plan. [Describe <br />how your project will use one of the following implementation strategies <br />to achieve this goal. Word limit = 500 words] <br />1) Encourage residents to upgrade the functionality and marketability <br />of their aging housing, and put quality additions on as they need <br />more space. <br />2) Provide options for residents to subdivide if consistent with and <br />allowed by the Comprehensive Plan. <br />3) Encourage redevelopment where land has potential for future <br />development consistent with the Comprehensive Plan. <br />Goal 3: Maintain and improve the housing stock to preserve the character <br />and quality of existing neighborhoods. [Describe how your project will use <br />one of the following implementation strategies to achieve this goal. Word <br />limit = 500 words] <br />1) Encourage the development of homeowner's associations or <br />Housing Assistance Policy DRAFT - Market Rate <br />Housing Assistance Policy Draft — Market Rate (9/27/13) <br />Page 3 <br />