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ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />Lino Lakes & Centerville Submarket Excess Senior Housing Demand <br />2020 <br />Senior Housing <br />Demand <br />245 <br />Senior kental <br />185 <br />I Sub/Aff I I MR Adult I I Congregate I I AL 1 1 MS <br />Senior Ownership <br />60 <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: The Lino Lakes & Centerville submarket has approximately 165 vacant <br />developed single-family lots and 60 vacant development multifamily lots. An additional 35 <br />single-family lots are identified in the future pipeline. Based on the inventory of existing and <br />future lots, approximately 850 single-family lots and 400 multifamily lots will need to be <br />delivered to satisfy all for -sale housing needs in the submarket through 2020. <br />Existing inventory levels (vacant developed only) will be sufficient for approximately 2.5 years <br />for single-family homes and 2.0 years for multifamily homes. <br />Rental Housine: Demand for 270 units of general occupancy rental housing is calculated for <br />Lino Lakes & Centerville through 2020. <br />Senior Housine: Demand for senior housing is calculated for 245 units through 2020, of which <br />approximately 150 units could be supported within the next five years. The recent completion of <br />the hotel conversion project to assisted living and memory care will satisfy much of the service - <br />enhanced housing demand calculated through 2015. Additional senior housing should not be <br />considered until later in the decade, at which point demand for an active adult ownership <br />community will likely be strongest depending on development activity in nearby markets. <br />MAXFIELD RESEARCH INC. 127 <br />