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<br /> <br />ted Demand for Senior Ownership Housing, 2005 and 2008 <br />.akes Competitive Market Area <br /> <br />emand <br /> <br />ted Household Base <br />I Homeownership Rate <br />;) Potential Local Market Base <br />I Ownership Product Short-Term Penetration Rate (3 year period) <br />,) Short-Term Demand Potential <br />.) Existing Senior Ownership Units <br />;) Market Overlap with Existinq Senior Rental (50% of all independent senior rental) <br />s) Excess Local Demand Potential <br />Estimated Additional Demand from Outside Market Area @, 25% <br />s) Total Short Term Demand (3 Years) in 2005 <br />;) Projected New Senior Ownership and Co-op Construction (not including subject project) <br />; Market Overla with Planned Senior Rental 50% of all lanned inde endent senior rental <br />Is) Projected Short-Term Surplus or (Shortage) (Over 3 Years) <br /> <br />emand . <br /> <br />lted Household Base <br />) Homeownership Rate <br />s) Potential Local Market Base <br />) Ownership Product Short-Term Penetration Rate (3 year period) <br />s) Short-Term Demand Potential <br />;) Existing Senior Ownership Units <br />:;) Market Overlap with Existinq Senior Rental (50% of all independent senior rental) <br />Is) Excess Local Demand Potential <br />Estimated Additional Demand from Outside Market Area @, 25% <br />Is) Total Short Term Demand (3 Years) in 2008 <br />:;) Projected New Senior Ownership and Co-op Construction (not including subject project) <br />s Market Overla with Planned Senior Rental 50% of all lanned inde en dent senior rental <br />Is) Projected Short-Term Surplus or (Shortage) (Over 3 Years) <br /> <br />---- <br /> <br />8,131 5,170 5,085 18, <br />89% 89% 69% E <br />7,237 4,601 3,509 15, <br />2.0% 8.0% 16.0% 7. <br />145 368 561 1,' <br /> <br />9,211 5,593 4,894 19,' <br />89% 89% 69% E <br />8,198 4,978 3,377 16, <br />2.0% 8.0% 16.0% 6. <br />164 398 540 1, <br /> <br />e: GVA Marquette Advisors <br /> <br />( <br />