December 2024 Radium Hot Springs Draft OCP Presentation - Flipbook - Page 23
20 YEAR HOUSING NEEDS
Looking ahead 20 years (2023-2043) the
Village is estimated to need 405 new dwelling
units. In comparison to the 昀椀ve-year statistics,
the 20-year housing needs data does not
estimate owned and rented units needed.
TABLE 2: 20 YEAR HOUSING NEEDS
CATEGORY
TOTAL
A. Supply to reduce extreme core
housing need
7
B. Supply to reduce homelessness
5
C. Supply to reduce suppressed
household formation
31
D. Supply to meet household growth
343
E. Vacancy rate adjustment
3
F. Demand Buffer
17
Total Units Needed
405
405
DWELLING UNITS
NEEDED BY 2043
HOW WILL THE VILLAGE MEET
ITS HOUSING NEEDS?
Housing is a complicated challenge and there
will not be a single solution. As shown in Figure
10, there is a range of housing types, from
safety net to supported housing to market
housing. A healthy community provides a wide
range of different types of housing around the
wheel.
FIGURE 10: HOUSING WHEEL
This Community Plan emphasizes a series
of solutions to address the Village’s diverse
housing needs. This next section of the Plan
and Table 3: Housing Solutions summarize
how this Community Plan addresses housing
needs in Radium Hot Springs over the next 20
years.
Why & How of the Plan
18
