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PURPOSE AND SCOPE OF STUDY <br /> Maxfield Research Inc. was engaged by the Anoka County HRA to complete an assessment of <br /> the potential demand for workforce (households with lower- and moderate-incomes) and inde- <br /> pendent senior housing on several potential sites in Ramsey, Minnesota. Specifically, Maxfield <br /> Research Inc. examined current housing market conditions and calculated demand for workforce <br /> housing (both single-family and multifamily housing) and independent senior multifamily hous- <br /> ing in Ramsey's draw area"Market Area." An analysis of growth trends and demographic char- <br /> acteristics of the Market Area population and household base was also completed and is used as <br /> a basis for the demand figures presented here. <br /> The report contains primary and secondary research. Primary research includes interviews with <br /> rental property managers/owners, local real estate sales agents and homebuilders, City staff, <br /> HRA staff, County staff and others involved with local and regional housing needs. All of the <br /> market data on existing/pending housing communities was collected by Maxfield Research Inc. <br /> and is accurate to the best of our knowledge. Secondary data, such as U.S. Census, is credited to <br /> the source, and is used as a basis for analysis. <br /> This study begins by delineating the draw or"Market" area for housing in Ramsey and presents <br /> an overview of the demographic and economic characteristics of the area's population and <br /> household base. An analysis of multifamily housing market conditions follows. Finally, demand <br /> calculations and conclusions and recommendations are presented. <br /> MAXFIELD RESEARCH INC. 1 <br />