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City of Ramsey 2030 Comprehensive Plan <br />Appendix A: Community Background <br />Figure 3-19 - Potential Demand for Housing in Ramsey By Housing Type 2010-2020 <br />i <br />Ow ner Occupied <br />Housing <br />4,150 - 4,300 Units <br />(80% of Total) <br />_ J <br />Housing Growth <br />Potential <br />5,200-5,400 Units <br />J <br />Single -Family <br />Housing <br />1,700 - 1,750 Units <br />(33% of Total) <br />J <br />2020-2030 <br />Multifamily <br />Housing <br />2,450-2,550 Units <br />(47% of Total) <br />J <br />Renter Occupied <br />Housing <br />1,050 - 1,100 Units <br />(20% of Total) <br />_ J <br />General <br />Occupancy <br />680 - 715 Units <br />(13% of Total) <br />Age - <br />Restricted <br />370 - 385 Units <br />(7% of Total) <br />The overall demand for housing in Ramsey is projected to decline significantly from the 2010s to the <br />2020s (Figure 3-20) as remaining undeveloped land is projected to be scarce. Demand for rental housing, <br />however, will increase its proportion of the share since the age distribution of the population will continue <br />to skew toward older age groups. This will be especially evident given that the leading edge of the Baby <br />Boom will be aging into their late 70s and early 80s during the 2020s. <br />The same forces that sharply increased the demand for owner -occupied multifamily housing in the 2010s <br />will still be present in the 2020s as Ramsey will begin to transition into a fully developed community with <br />development occurring on in -fill sites or as part of a redevelopment project. This suggests that upwards <br />of 75 percent of all newly constructed owner -occupied housing will likely be multifamily housing. This <br />was the experience for Ramsey in the early 2000s as was the case for other fully developed suburbs <br />located nearby, such as Fridley, Anoka, and Coon Rapids. <br />City of Ramsey 2030 Comprehensive Plan Appendix A-26 <br />