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APPENDIX -DEFINITIONS <br />households earning 60% or less of Area Median Income, and rents <br />accordingly. <br /> <br />Market analysis  The study of real estate market conditions for a specific type o <br />geographic area or proposed (re)development. <br />Market rent  The rent that an apartment, without rent or income restrictions <br />subsidies, would command in a given area or Market Area consid <br />and amenities. <br />Market study  A comprehensive study of a specific proposal including a review of the housi <br />market in a defined market or geography. Project specific marke <br />developers, property managers or government entities to determin <br />proposed development, whereas market specific market studies are used <br />house needs, if any, existing within a specific geography. <br />Market rate rental housing Housing that does not have any income-restrictions. Some <br />properties will have income guidelines, which are minimum annual incomes required in order <br />to reside at the property. <br />Memory Care Memory Care properties, designed specifically for persons suffer <br />Alzheimers disease or other dementias, is one of the newest tre housing. <br />Properties consist mostly of suite-style or studio units or occasionally one-bedroom apartment- <br />style units, and large amounts of communal areas for activities <br />staff typically undergoes specialized training in the care of this population. Because of the <br />greater amount of individualized personal care required by resid <br />higher than traditional assisted living and thus, the costs of c <br />conventional assisted living, however, which deals almost exclusively with widows or widower <br />a higher proportion of persons afflicted with Alzheimers diseas-person households. <br />That means the decision to move a spouse into a memory care facis <br />concern of incurring the costs of health care at a special facil <br />their home. <br />MigrationThe movement of households and/or people into or out of an area. <br />Mixed-income propertyAn apartment property contained either both income-restricted and <br />unrestricted units or units restricted at two or more income lim <br />Mobility  The ease at which people move from one location to another. <br />Moderate IncomePerson or household with gross household income between 80% and <br />of the Area Median Income, adjusted for household size. <br />Multifamily Properties and structures that contain more than two housing uni <br />120 <br />MAXFIELD RESEARCH & CONSULTING, LLC <br /> <br />