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Senior Housing Market Review <br /> <br />Senior Rental Housing in Primary Market Study Area <br /> <br />Rum River Square in St. Francis <br />Subsidized Rural Development (FmHA) <br />21 on bedroom units <br />No vacancies, waiting list <br /> <br />Senior Rental Housing in Secondary Market Area <br /> <br />Anoka-five Senior projects <br />· Subsidized <br /> - Three projects with 212 units <br /> - Rents based on tenant income <br /> - No vacancies, waiting list <br /> <br />· Market Rate - Two projects with 180 units <br /> - Rents from $633 for studio to $1,110 for a large two <br /> bedroom <br /> - Projects provide various services for tenants <br /> <br />Elk River - four senior projects <br />· Three subsidized with 140 units and one market rate <br /> with 36 units <br />· Subsidized projects rent is based on income, no <br /> vacancies, two year waiting list <br />· Market rate project, Evans Park has 18 month <br /> waiting list, rent is $587 for one bedroom and $730 <br /> for a two bedroom <br /> <br /> <br />