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—� CITY,,' NORTH OLMSTED -- <br />Mayoi N¢mc Gatley A cr <br />i. Questions that need to be answered by the analysis include: <br />1. Are there unmet housing needs in the study area? <br />B, If so, what are those needs and what are the <br />characteristics of the population groups <br />experiencing those needs? <br />2. How much housing does the City need, both in the short <br />term, and throughout the next decade, and what are the <br />characteristics of the housing units that are needed? <br />3. What is the demand for housing at various price points? <br />What are the primary drivers of demand and how much is <br />driven locally vs. from in -migration from other markets? <br />Does this differ across housing type or price point? <br />4. What housing types are needed to fulfill the gaps in our <br />housing supply? <br />5. Are segments of the population with different <br />demographics and different financial situations competing <br />fur the same types of homes (e.g. first-time home buyers <br />and empty nesters who are scaling down)? If so, what are <br />these groups, and how do their needs compare? <br />6. How does the local housing market compare to peer <br />markets? Are there relative strengths and/or weaknesses? <br />ii. The study must also provide: <br />1. An analysis of the balance between rental and owner - <br />occupied housing stock, housing type, and related housing <br />information. <br />2. Availability of housing stock for first time homebuyers. <br />3, Availability of housing stock for empty nesters and seniors. <br />4. Types and features of housing and neighborhoods desired <br />by empty nesters and seniors. <br />5. Condition of existing housing stock within various price <br />ranges. <br />6. Perceived or real issues that impact the desirability of <br />existing housing stock at various price points. <br />d. Task 4 Forest Elementary highest and hest use analysis <br />i. In 2022 the City acquired two former elementary schools that <br />have were closed at the end of the 2021-2022 school year this <br />year (Forest and Spruce Elementary), The City intends to facilitate <br />WA W. NORTHOLM5TEn QiM -- <br />