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RECOMMENDATIONS AND CONCLUSIONS <br /> Introduction/Overall Housing Recommendations <br /> This section summarizes demand calculated for specific housing products in Elk River and <br /> recommends development concepts to meet the housing needs forecast for the City. All <br /> recommendations are based on findings of the Comprehensive Housing Needs Assessment. The <br /> following table and charts illustrate calculated demand by product type. It is important to <br /> recognize that housing demand is highly contingent on projected household growth; household <br /> growth could be higher should increased job growth ensue and the overall economy continues <br /> to improve. <br /> TABLE CR-1 <br /> SUMMARY OF HOUSING DEMAND <br /> CITY OF ELK RIVER <br /> Novemeber 2015 <br /> Type of Use 2015-2025 <br /> General-Occupancy <br /> Rental Units-Market Rate 265 <br /> Rental Units-Affordable 133 <br /> Rental Units-Subsidized 44 <br /> For-Sale Units-Single-family 601 <br /> For-Sale Units-Multifamily 186 <br /> Total General Occupancy Supportable 1,229 I <br /> 2015 2020 <br /> Age-Restricted(Senior) <br /> Market Rate <br /> Adult Few Services(Active Adult) 23 77 <br /> Ownership 0 0 <br /> Rental 23 77 <br /> Congregate 87 102 <br /> Assisted Living 35 47 <br /> Memory Care 18 28 <br /> Total Market Rate Senior Supportable 163 254 <br /> •Affordable/Subsidized <br /> Active Adult-Subsidized 0 0 <br /> Active Adult-Affordable 39 42 <br /> Total Affordable Senior Supportable 39 42 <br /> Source: Maxfield Research&Consulting, LLC <br /> MAXFIELD RESEARCH&CONSULTING,LLC 97 <br />