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ANOKA COUNTY HOUSING STUDY GENERAL OCCUPANCY RENTAL HOUSING <br />• A total of 632 units of general occupancy rental units in Anoka County are considered to be <br />shallow subsidy housing. These units are income -restricted to households with low to <br />moderate incomes; more specifically, households qualify for shallow subsidy housing if their <br />incomes fall between 50% and 80% Area Median Income (AMI), depending on the specific <br />housing community. <br />• The following submarkets have the greatest supply of shallow subsidy rental housing units in <br />the County: <br />o Coon Rapids — 191 units, 30.2% of County <br />o Blaine, Circle Pines, & Lexington — 130 units, 20.6% of County <br />o Anoka — 122 units, 19.3% of County <br />o Lino Lakes & Centerville — 60 units, 9.5% of County <br />• The last category — deep subsidy housing — provides housing to households earning incomes <br />below 50% AMI. Maxfield Research Inc. identified a total of 418 units of deep subsidy <br />housing in Anoka County. <br />• The following submarkets have the greatest supply of deep subsidy rental housing units in <br />the County: <br />o Coon Rapids — 178 units, 42.6% of County <br />o Southern Leg — 103 units, 24.6% of County <br />o Anoka — 52 units, 12.4% of County <br />o Blaine, Circle Pines, & Lexington — 43 units, 10.3% of County <br />Table B-3: Performance of Market Rate Rental Housing Developments <br />• Of the 7,251 units of market rate rental housing identified in Anoka County, approximately <br />5,900 units were successfully surveyed for a total survey participation rate of 81.4%. <br />• Overall, the vacancy rate in Anoka County is calculated to be 4.7%, which is just below <br />market equilibrium of 5.0%. The vacancy rate within individual submarkets varied, but only <br />one submarket — Ramsey — had a vacancy rate (6.8%) that exceeded market equilibrium; all <br />other submarkets were at or below market equilibrium. <br />• Market rate rental units in Anoka County are, on average, $926 per month for 836 square <br />feet, or $1.11 per square foot. <br />• Additional detail on each market rate rental development in Anoka County can be found <br />Table B-6 located at the end of this section. <br />MAXFIELD RESEARCH INC. 44 <br />