8.1. SR 10-21-2013 - Laserfiche WebLink

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Narrative updated May 2013 Senior 30, LLC would like to construct Blackhawk Woods,an 84 unit, one-level rental townhome r development for Seniors with low and moderate incomes in the West Oaks subdivision located just south and west of Highway 10 and Waco Street. Senior 30, LLC is associated with Cottage Homesteads at West Oaks, LLC which already owns the property. We propose building 49 one Bedroom and 35 two bedroom, one-level townhomes with attached garages to serve area Seniors whose income is limited primarily to social security payments. A clubhouse activity center will also be built providing a place to socialize and meet new friends. The clubhouse will have a game room, recreational area with large screen digital N and a party room with complete kitchen facilities. Maxfield Research has recently completed a market study showing a need for subsidized independent living Senior housing in Elk River. The study notes that our proposed development has no competition in the marketplace. For that reason,the study recommends building the entire development at one time. Blackhawk Woods will. • Serve Seniors 55 years and older who have limited incomes. • Provide comfortable independent living one-level townhome apartments. There are no medical Staff or assisted living personnel on site, although individual assistance can be contracted for through Guardian Angels or others. • Serve Seniors with incomes from $20,000 to$40,000. (the maximum 2 person income allowed by HUD). • Offer townhome rents based on 30%of income: o Monthly rents for one bedroom apartments with attached garage will range from $50Q- $775. o Two bedroom apartments with attached garages will rent from $795-$975 a month. There are many older folks in the area who feel trapped in their houses because they have nowhere to move to that feels safe and secure and where they can associate with people their own age. Blackhawk Woods Townhome Apartments will provide them with their own separate front door and attached garage, so they can easily come and go and won't have to worry about climbing stairs or doing the exterior maintenance that their old houses constantly require.