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ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />For -Sale Housing: The St. Francis submarket has approximately 150 vacant developed single- <br />family lots and 105 vacant developed multifamily lots. An additional 25 single-family lots are <br />identified in the future pipeline. Based on the inventory of existing and future lots, <br />approximately 450 single-family lots will need to be delivered to satisfy all for -sale housing <br />needs in the submarket through 2020. The existing vacant lot inventory of multifamily lots is <br />calculated to be sufficient for demand in St. Francis through 2020. <br />Existing inventory levels (vacant developed only) of single-family homes will deplete in <br />approximately 2.5 years. <br />Rental Housing: Demand for 130 units of general occupancy rental housing are calculated for <br />St. Francis through 2020. <br />Senior Housing: Demand is not sufficient to support additional senior housing in the St. Francis <br />submarket. Although the existing senior housing project is performing well, development of <br />additional senior housing is not recommended for at least the next five years. <br />MAXFIELD RESEARCH INC. 138 <br />