1997-03-26 - CC Packet - (Admin.)

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(EXHIBIT A) Senior Housing Workshop January 15, 1997 Centerville Senior Housinzr Study June, 1996 SUMMARY OF FINDINGS The City of Centerville and the Anoka County Housing and Redevelopment Authority engaged Community Partners, Inc. to conduct a Senior Housing Needs Analysis for the City of Centerville. Recommendations were to focus on the number of units supportable in the area, type of housing concept (unit mix and sizes, building features and services), and rents most appropriate for the market. Community Partners, Inc. is recommending a cottage style project with a unit mix of 4 to 6 one bedroom units, 4 to 6 one bedroom/den units and 6 to 8 two bedroom units. The one bedroom units should range from 750 to 850 square feet with rents of $450 to $500 per month to accommodate as many senior households at various income levels as possible. The one bedroom plus den units should be 900 to 950 square feet with rents of $510 to $575 per month. We recommend two bedroom units of 950 to 1,100 square feet with rents of $585 to $650 per month. Based on the amount of interest generated by seniors in the study area combined with the lack of market rate senior housing in the study area and an expanding senior household base, we are projecting that 25 percent of all units will be pre - leased with the remainder of the units leasing at a rate of 3 to 4 units per month. This translates to a total lease -up period of months from the date of initial occupancy, based on a 16 to 20 unit project. Three potential senior housing sites have been identified, which upon preliminary review, have the amenities necessary for a successful senior project. It is estimated that there are approximately 20 low income senior households with short term interest (three year) and seven low income senior households with immediate interest (one year) in the Market Study Area that cannot afford to live the senior housing units that are proposed. Unfortunately, at this time it is not feasible to construct rental units that can be leased at lower rates because of the elimination of State and Federal Programs. However, it is important to monitor various funding sources and to utilize any current funding sources for rental assistance such as the Section 8 and Voucher Programs to assist low income seniors. Growth trends and demographic characteristics were examined, with emphasis on the senior (55 and older) population, for a Market Study Area defined as the municipalities of Centerville and Lino Lakes. The study area experienced substantial increases in population from 1980 to 1995, adding 8,199 persons, an increase of 143.8 percent. Centerville posted an increase of 1,817 persons or 348 percent and Lino Lakes' population base increased by 6,382 persons or 125.5 percent from 1980 to 1995. I i Community Partners, Inc. 3