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ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />Modest <br />510 <br />Blaine, Circle Pines, & Lexington Submarket General Occupancy Housing Demand <br />2010 to 2020 <br />General Occupancy <br />Demand <br />5 15 <br />For -Sale Demand <br />3,915 <br />Single -Family I I Multifamily <br />2,545 1,370 <br />1 , <br />Move -up I I Executive Modest Move -up <br />1,270 765 820 550 <br />Deep Subs. <br />325 <br />Blaine, Circle Pines, & Lexington Submarket Excess Senior Housing Demand <br />2020 <br />Senior Housing <br />Demand <br />845 <br />Senior Rental <br />665 <br />Sub/Aff I I MR kdult I I Congregate I AL MC <br />90 155 235 100 85 <br />Rental Demand <br />1,300 <br />Shallow <br />325 <br />Senior Ownership <br />180 <br />Market Rate <br />650 <br />Note: Because households are mobile and are willing to seek out various housing products in adjacent <br />communities, these demand figures may experience fluctuations. <br />For -Sale Housine: Currently, the Blaine, Circle Pines, & Lexington submarket has <br />approximately 700 vacant developed single-family lots and 525 vacant development multifamily <br />lots. An additional 1,615 single-family lots and 165 multifamily lots are identified in the future <br />pipeline. Based on the inventory of existing and future lots, approximately 1,600 single-family <br />lots and 610 multifamily lots will need to be delivered to satisfy all for -sale housing needs in the <br />submarket through 2020. Lots beyond the currently identified existing and future supply will not <br />need to be brought to market until the later half of the decade. <br />Existing inventory levels (vacant developed only) will be sufficient for approximately 2.5 years <br />for single-family homes and 5.0 years for multifamily homes. <br />Rental Housine: An additional 1,300 units of general occupancy rental housing are calculated <br />for the Blaine, Circle Pines, & Lexington submarket through 2020. There are no rental <br />developments currently proposed that will meet demand for general occupancy rental housing. <br />Senior Housine: Demand for senior housing is calculated for 845 units through 2020, of which <br />approximately 500 units could be supported within the next five years. Several projects are <br />proposed in Blaine that may come on-line to meet market demand, including the following: <br />• Expansion of Suite Senior Living (formerly Comforts of Home) with 20 assisted living <br />and 12 memory care units; <br />MAXFIELD RESEARCH INC. 117 <br />