Text · page 36 of 154
Read the whole document on one page (all 154 pages, each with its own heading)
36 Town of Aurora Future Housing Demand Under a high-end growth scenario, the There are an estimated 2,840 single-family Town will need 245 future incremental and 230 multi-family homes in the Town of Aurora. Of the 2,840 single-family homes, units. Under the low-end growth 2,223 are on standard large lots (>7,000 sq ft) and only 617 are on small lots (<7,000 scenario, projected demand is for 164 sq ft). The Envision Tomorrow Balanced additional units. Housing Model was used to project the additional housing units needed by 2040 under both high-end and low-end growth scenarios. High Estimate Under the high-end growth scenario, the Fig. 18: Town of Aurora Future Housing Demand - High-End Envision Tomorrow Balanced Housing Model predicts that to accommodate the Town’s new households, there will need to be 245 future incremental units. These new units don’t only include new builds but also may include vacant building rehabilitations or the conversion of single-family homes to higher densities (i.e. duplexes). Most of these households (65%) are projected to be large lot single family homes. To provide a balanced and sustainable supply of housing, the model has projected that there will need to be 161 new large-lot single- family homes, 48 small-lot single-family homes, 24 townhomes, and 12 multi-family units. Low Estimate Fig. 19: Town of Aurora Future Housing Demand - Low-End Contrastingly, under the low-end growth scenario, the Envision Tomorrow Balanced Housing Model projects a demand for 164 additional housing units—one-third fewer than in the high- end growth scenario. These units are not limited to new construction but may also include rehabilitated vacant buildings or the conversion of single-family homes into higher-density housing (e.g., duplexes). As with the high-end growth estimate, the majority (65%) of these households are expected to be large-lot single- family homes. To ensure a balanced and sustainable housing supply, the model forecasts the need for 108 new large-lot single-family homes, 32 small-lot single- family homes, 16 townhomes, and 8 multi-family units.