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�I 3 <br /> I IA. <br /> !Ili <br /> IR <br /> M <br /> 1 I{{ <br /> �G <br /> r' f, <br /> Our mission and philosophy demands it. <br /> There is a huge, unmet reed: the affluent and iow-income <br /> elderl #lave choices. Those whose income is less that 609/o of <br /> median income (current1v $24,000 or less) can not afford <br /> fi rnonth rents and do not quali ,, for public support. Our <br /> concept addresses this segment of elderly housing reeds. <br /> It's underway. CommonBond has just completed a <br /> comprehensive study of the existing assisted living competition <br /> in the seven county metropolitan area and completed the <br /> development of a financial model to analyze financial Peas ib i lity. <br /> The initial concept envisioned a 48 unit co rnm unity on <br /> a proxi mately 2_.3 acres,bu t a m arket study wo uld act a11y <br /> determine the nurnbe-r of units constructed. <br /> .,development tearn has been formed, <br /> Nineteen Sinn e-sota locations have been identified as good <br /> possibilities. <br /> Six or seven communities will be approached, <br /> Communities which share this vision and understand the <br /> Objectives will he invited to work with us to create this model. <br /> a <br /> {�I <br /> rrrrrrvvvvvvvr""IIIIIIIIIIIU" � f <br /> � yi 0n <br /> `v <br /> I� <br /> b <br />