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k <br /> 1 1� <br /> Housing Demand General Occupancy Housing Demand <br /> The City's Comprehensive Housing Study conducted in 2018 Type of Use <br /> 1 1 <br /> looked at housing characteristic and construction trends <br /> in Elk River from 2000 to 2017 and projected demand Rental Units-Market Rate 172 <br /> for multifamily,single-family,and senior housing units Rental Units-Affordable 93 <br /> through the year 2025. Rental Units-Subsidized 34 <br /> For-Sale Units-Single-Family 315 <br /> This report estimates a need for an additional 172 market For-sale units-Multifamily 80 <br /> rate rental units,93 affordable rental units,and 34 subsi- Total General Occupancy Demand 694 <br /> dized rental units in Elk River to meet demand.Estimates <br /> also found that an additional 315 single-family units and Source:Maxfield Research s Consulting,LLC <br /> 80 multifamily units are needed to meet for-sale unit <br /> demand in Elk River.In addition,the report identified a <br /> demand for 97 additional market rate senior units and 73 Age Restricted Housing Demand <br /> affordable senior units by 2022. Market Rate(Senior HousingType) 12022 <br /> Active Adult-Rental 14 22 <br /> Active Adult-Ownership 0 0 <br /> Congregate 93 67 <br /> Assisted Living 15 0 <br /> Memory Care 23 8 <br /> Total Market Rate Senior Housing Demand 145 97 <br /> Affordable(Senior HousingType) 2017 2022 <br /> ActiveAdult-Subsidized 32 32 <br /> Active Adult-Affordable 37 41 <br /> Total Affordable Senior Housing Demand 69 73 <br /> Source:Maxfield Research S Consulting,LLC <br /> Elk River Comprehensive Plan Community Context �3 <br /> DRAFT FOR REVIEW ONLY <br />