Ordinance No. 20585 - Laserfiche WebLink

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4.2 Residential development capacity of land on redevelopable lots The City identified some additional development capacity on residential land to accommodate additional housing through redevelopment, where new housing is built on mostly developed land that may require removal of all or a portion of the existing development. This baseline estimate of capacity was based on historical redevelopment trends and is an estimate of redevelopment potential without additional market interventions. In other words, the City estimated the amount of redevelopment expected to occur without additional actions taken by the City to encourage it (e.g., new policies or other strategies to increase redevelopment activity). The baseline redevelopment estimates are derived from historical redevelopment trends that occurred on smaller developed lots. Lots considered for redevelopment potential included only those smaller than the minimum lot size used to identify partially vacant land: less than one acre in LDR, less than .5 acre in MDR, and less than one acre in HDR. LDR Redevelopment Land The amount of redevelopment assumed to occur in LDR areas was determined based on the number of units developed through redevelopment during the 2001 to 2012 period that was redevelopment. This analysis assumes that this number of new units resulting from redevelopment will remain the same over the 2012-2032 period. These baseline redevelopment estimates require no new land to accommodate the anticipated residential development. Some developed LDR lots less than an acre in size will be divided, resulting in increased capacity in the future. During the 2001 to 2012 period, an average of 31.3 new lots per year resulted from dividing developed LDR lots less than one acre in size. Assuming the same amount of redevelopment will occur annually, an additional 627 lots will be created by dividing more of these smaller developed LDR lots. Table 62. New lots created on LDR lots less than one acre in size, 2012- 2032 Net new lots Net new lots Net new lots Net new lots 20 year forecast of created in 2001- created in 2009- created 2001-2012 created per year in new LDR lots 2008 2012 12 years 231 145 376 1 31.3 1 627 Additionally, secondary dwelling units are units typically built on land with existing housing (occasionally they are constructed in conjunction with a new house). The demand for secondary dwelling units (SDU) will Page 144 ECONorthwest Part 11 — Eugene Housing Needs Analysis