Laserfiche WebLink
APPENDIX <br />Density — Number of units in a given area. Density is typically measured in dwelling units (DU) <br />per acre — the larger the number of units permitted per acre the higher the density; the fewer <br />units permitted results in lower density. Density is often presented in a gross and net format: <br />• Gross Density —The number of dwelling units per acre based on the gross site acreage. <br />Gross Density = Total residential units/total development area <br />• Net Density - The number of dwelling units per acre located on the site, but excludes <br />public right-of-way (ROW) such as streets, alleys, easements, open spaces, etc. <br />Net Density = Total residential units/total residential land area (excluding ROWs) <br />Detached housing— a freestanding dwelling unit, most often single-family homes, situated on <br />its own lot. <br />Effective Rents — Contract rent less applicable concessions. <br />Elderly or Senior Housing — Housing where all the units in the property are restricted for occu- <br />pancy by persons age 62 years or better, or at least 80% of the units in each building are re- <br />stricted for occupancy by households where at least one household member is 55 years of age <br />or better and the housing is designed with amenities, facilities and services to meet the needs <br />of senior citizens. <br />Extremely low-income — person or household with incomes below 30% of Area Median In- <br />come, adjusted for respective household size. <br />Fair Market Rent— Estimates established by HUD of the Gross Rents needed to obtain modest <br />rental units in acceptable conditions in a specific geographic area. The amount of rental income <br />a given property would command if it were open for leasing at any given moment and/or the <br />amount derived based on market conditions that is needed to pay gross monthly rent at mod- <br />est rental housing in a given area. This figure is used as a basis for determining the payment <br />standard amount used to calculate the maximum monthly subsidy for families on at financially <br />assisted housing. <br />Fair Market Rent — Anoka County 2019 <br />Fair Market Rent <br />I EFF II 1BR U 2BR II 3BR II 4BR I <br />Fair Market Rent $763 $915 $1,151 $1,636 $1,923 <br />Floor Area Ratio (FAR) Ratio of the floor area of a building to area of the lot on which the build- <br />ing is located. <br />MAXFIELD RESEARCH AND CONSULTING 164 <br />