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EXECUTIVE SUMMARY <br /> CO CEPT FRESENTATIO <br /> AFFORDABLE ASSISTED LIVING <br /> milli= <br /> Independent,Minnesota-based, not-for-profit housing corpora- <br /> tion founded 26 years ago her the Catholic Archdiocese of St. <br /> Paul and �Jinneapolis. <br /> Largest nonprofit provider of affordable housing in N-linnesota. <br /> Operates 2,400 units in 4 locations within 2.5 communities for <br /> 3,400 people. <br /> Enjoys community support and community leadership en- <br /> dorsement. <br /> Seeks to develop affordable assisted living communities: <br /> Assisted Living; a non-licensed,congregate setting for older <br /> people that offers supportive services and professional home <br /> care for these who require assistance with activities of daily <br /> living* <br /> Affordable: Common Bond targeted monthly rents are $1,200- <br /> 1,500 a month. priced substantially below upscale models with <br /> monthly rents of 3,000-4,000. Not subsidized by state or <br /> county programs. <br /> for, OZA <br /> V <br /> r <br /> i <br /> u <br /> w <br /> u' n <br /> VI Y <br /> r <br />