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ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />TABLE E-1 <br />DEMAND FOR GENERAL OCCUPANCY HOUSING <br />ANOKA COUNTY SUBMARKETS <br />2010 to 2020 <br />Andover <br />Anoka <br />LBlaine, C.P. <br />& Lex. <br />Coon Rapids <br />East Bethel & <br />Bethel <br />Household growth, 2010 to 2020 1,735 420 5,480 170 1,590 <br />(Minus) Senior housing demand (180) (95) (525) (310) (95) <br />(equals) Demand for general occupancy housing from growth 1,555 325 4,955 (140) 1,495 <br />Housing units built before 1960 <br />(Times) Estimated replacement rate annually <br />(Times) Number of years, 2010 to 2020 <br />(equals) Demand from replacement needs <br />Total demand for general occupancy housing <br />861 <br />0.5% <br />10 <br />43 <br />1,598 <br />3,515 <br />0.5% <br />10 <br />176 <br />501 <br />5,287 <br />0.5% <br />10 <br />264 <br />5,219 <br />6,569 <br />0.5% <br />10 <br />328 <br />188 <br />742 <br />0.5% <br />10 <br />37 <br />1,532 <br />Estimated renter rate <br />Demand for new general -occupancy rental housing <br />RENTAL HOUSING <br />10% <br />60% 25% <br />300 _ 1,305 <br />Percent demand by type: <br />Market rate <br />Shallow subsidy (50-80% AMI) <br />Deep Subsidy (<50% AMI) <br />Numerical demand by type: <br />Market rate <br />Shallow subsidy (50-80% AMI) <br />Deep Subsidy (<50% AMI) <br />50% <br />20% <br />30% <br />80 <br />32 <br />48 <br />40% <br />20% <br />40% <br />120 <br />60 <br />120 <br />50% <br />25% <br />25% <br />652 <br />326 <br />326 <br />50% <br />20% <br />30% <br />33 <br />13 <br />20 <br />50% <br />15% <br />35% <br />38 <br />11 <br />27 <br />FOR -SALE HOUSING <br />Estimated homeownership rate 90% <br />Demand for new for -sale housing 1,438 <br />75% <br />3,915 <br />95% <br />1,455 <br />Estimated percent demand for SF units <br />Demand for new SF units <br />70% 10% 65% 45% <br />90% <br />1,007 20 11111=1111 55 + 1,310 <br />Percent demand by type: <br />Modest (<$250K) <br />Move -up ($250K-$450K) <br />Executive (>$450K) <br />20% 55% 20% 20% 30% <br />55% 35% 50% 55% 60% <br />25% 10% 30% 25% 10% <br />Numerical demand by type: <br />Modest(<$250K) 201 11 509 11 393 <br />Move -up ($250K-$450K) 554 7 1,272 30 786 <br />Executive (>$450K) 252 2 763 14 131 <br />Estimated percent demand for MF units 30% 90% 35% 55% 10% <br />Demand for new MF units_III.180 1,370 67 146 <br />Percent demand by type: <br />Modest (<$225K) <br />Move -up (>$225K) <br />Numerical demand by type: <br />Modest (<$225K) <br />Move -up (>$225K) <br />35% <br />65% <br />151 <br />280 <br />CONTINUED - 1 of 3 <br />55% <br />45% <br />99 <br />81 <br />60% <br />40% <br />822 <br />548 <br />35% <br />65% <br />24 <br />44 <br />50% <br />50% <br />73 <br />73 <br />MAXFIELD RESEARCH INC. 140 <br />