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<br /> <br /> <br /> <br />Hillside Heights Apartments, Elk River, Minnesota <br /> <br />Market Analyst Professionals, LLC 76 April 24, 2020 <br />problems (including low incomes, inconsistent rental histories, and physical and mental disabilities) <br />special needs persons are often not given fair consideration in finding affordable housing. This problem <br />has received increasing recognition in recent years; however, substantial need for additional facilities <br />exists. <br />Demand for Special Needs Units <br />Based on the data presented above, it is estimated the special needs portion of the development <br />will fill quickly, within 4 months of the development entering the market. The subject will offer four <br />special needs units targeted at homeless persons, which will operate with a project subsidy eliminating the <br />issue of affordability for these units. The Continuum of Care's January 2018 point-in-time survey of <br />homelessness identified 2,091 families and 105 households unsheltered within the Central Region. While <br />the Wilder Research Center's 2018 Minnesota Homeless Study found 944 people homeless in the Central <br />Region, with 321 persons not in shelters relative. The proposal’s units will help meet this demand. <br /> <br />