Frank LCMS Sep 26 2025 at 10:26AM on page 3
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in reply to Richard's comment
Thank you for your comment! In our analysis, we used a standard 10% vacancy rate, which is why we did not directly factor in remodeling of vacant homes. However, community feedback could support lowering the target vacancy rate. Current vacant units could be potentially rehabilitated. At the same time, it is important to keep a reasonable vacancy rate, around 6-7%, to allow residents flexibility to move within the community and to accommodate seasonal or recreational homes. If the community prefers a lower target vacancy rate, prioritizing the rehabilitation of existing vacant homes could become a stronger focus before pursuing new housing development, but some new development may still be required.
in reply to Richard's comment
Frank LCMS Sep 26 2025 at 10:25AM on page 4
Thank you for your comment! Rehabilitation is an option that can be considered. Feedback will also be considered for population growth, so this number has the potential to be adjusted. If growth remains slower, the number of new homes needed could be less than originally projected, and rehabilitation could help meet some of that need. Choosing rehabilitation over new construction would reduce the demand for additional infrastructure.
Richard Sep 8 2025 at 4:29PM on page 4
Question
I don't understand why rehabilitation is not being considered. Further, if population growth remains at current rates, less than 1/3 of the 422 new homes will be needed - and perhaps rehab covers all the needed homes. If rehab is chosen, would not infrastructure development be lower?
Richard Sep 8 2025 at 4:27PM on page 3
Question
The Economic and Market Trend statement seems to say the relative low value of existing housing will stimulate new housing development. Additionally vacant housing at 11% is stated to be high. Does the data point toward remodeling and updating vacant homes first before adding new homes?
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