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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 />