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Agenda - Council - 02/24/1998
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Agenda - Council - 02/24/1998
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
02/24/1998
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Findings and Recommendations <br /> <br /> Three methods to determine demand <br /> <br /> · Percentage of Senior households - 50 ~_mits <br /> <br /> · Percentage of income qu_~lified households - 65 <br /> units <br /> <br />Market need base on interviews, survey, etc - 46- <br />50 units <br /> <br /> Table I - Recommended Unit 1Mi~, Sizes and Rents <br /> <br />Unit Type No. of Units Size (sq. ft.) Rent Rent (sq. <br /> ft.) <br />I BR/ 13-14 660 - 720 $480 - $520 .72 - .73 <br />Standard <br />1 BR/Large 9-10 730 - 800 $530 - $620 .71 - .78 <br />1 BR w/Den 12-13 900 - 940 $610 - $660 .68 - .70 <br />Total 34-37 <br />(1 BR) <br />2 10-11 1,000 - 1,050 $670 - $700 .66 - .67 <br />BR/Standard <br />2 BR/Large 2 1,200 - 1,250 $750 - $800 .63 - .64 <br />Total 12-13 <br />(2BR) <br />Grand 46-50 <br />Total <br /> <br />Community Partners Research, Inc. <br /> <br />The recommended rents are quoted in 1998 dollars and include heat, but <br />exclude electricity and garage. We recommend garage rent of $35 per <br />month. <br /> <br /> <br />
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