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DRAFT Market Analysis Lino Lakes Comprehensive Plan Update September 2006 Page 14 In the 2020s, we anticipate Lino Lakes' capture rate of northeast metro development will decrease from 10% to 8 %. This is to reflect that the remaining land available will begin to be of an in -fill nature and require more time and cost on the part of developers. At an 8% capture rate, we forecast potential growth of 2,000 to 2,500 households between 2020 and 2030. Housing Demand Breakdown 2006 -2010 Housing demand is based on a high rate of homeownership in Lino Lakes (96% in 2000) with an allowance that there may be pent -up demand for rental housing, due to the fact that very little product currently exists in Lino Lakes. Forecast household growth is broken down, with 85% being allocated to for -sale housing, and the remaining 15% to rental housing through the end of this decade. Historically, most construction in Lino Lakes has been single - family housing, but recent construction trends and long -term demographic trends indicate a substantial portion of future development will be multifamily. According to recent trends within the housing industry and reports from cities, we believe an approximate 50/50 split between single - family and multifamily development is likely for the remainder of this decade. The following chart shows our forecast housing growth potential, broken down by ownership and rental tenure for the remainder of this decade. Forecasted Demand for Housing in Lino Lakes By Housing Type 2006 -2010 Housing Growth Potential (1,200 -1,400 Units) Ow ner Occupied Housing (1,000 - 1,150 Units Single- Family Housing (500 - 575 Units) J 2010 -2020 Multifamily Housing (500 - 575 Units) J Renter Occupied Housing (200 to 250 Units) j General Occupancy (150 - 175 Units) Age- Restricted (50- 75 Units) J 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1