Laserfiche WebLink
ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />Modest <br />2,330 <br />I Single -Family <br />10v060 <br />Move -up <br />II 5,630 <br />Anoka County General Occupancy Housing Demand <br />2010 to 2020 <br />MMIRMITIRIIMITTM <br />Demand <br />18,165 <br />For -Sale Demand Rental Demand <br />141805 II 3,360 II <br />I <br />Multifamily I I Deep Subs. I I Shallow I I Market Rate <br />4,745 1,065 730 1,565 <br />Executive Modest Move -up <br />2,100 2,950 1,795 <br />Senior Housing Demand <br />Table E-2 shows demand calculations for general occupancy housing in Anoka County by <br />submarket between 2010 and 2020. Demand methodology employed by Maxfield Research <br />utilizes capture and penetration rates that blend national senior housing trends with local market <br />characteristics, preferences, and patterns. Our demand calculations consider the following target <br />market segments for each product type: <br />• Affordable Active Adult Rental Housine: Target market base includes age 55+ older <br />adults and seniors who are do not exceed income -qualified for affordable (shallow subsidy) <br />housing. Excludes seniors who would exceed income -restrictions after the proceeds from a <br />home sale are considered. <br />• Market Rate Active Adult Rental and Ownershin Housine: Target market base includes <br />age 55+ older adult and senior households who exceed income -restrictions for affordable <br />housing products and would be able to pay market rent/sales price. Includes seniors with <br />lesser incomes who income -qualify after the proceeds from a home sale are considered. <br />• Congregate Housine: Target market base includes age 65+ seniors who would be <br />financially able to pay for housing and service costs associated with congregate housing. <br />Income -ranges considered capable of paying for congregate housing are the same as for <br />active adult housing. <br />• Assisted Livine Housine: Target market base includes older seniors (age 75+) who would <br />be financially able to pay for private pay assisted living housing. Additional demand for <br />subsidized assisted living units is not included in this demand analysis but would result in <br />greater demand for assisted living housing if considered. <br />• Memory Care Housine: Target market base includes age 65+ seniors who would be <br />financially able to pay for housing and service costs associated with memory care housing. <br />Income -ranges considered capable of paying for memory care housing are higher than other <br />service levels due to the increased cost of care. <br />MAXFIELD RESEARCH INC. 109 <br />