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OVERALL PRODUCTION TREND: PROGRESS MADE OVER THE DECADE <br />Production of affordable rental housing1 clearly showed an upward trend throughout the Twin Cities over this decade, rising from just <br />363 units delivered in 2010 to more than 1,700 units likely to be delivered in 2018 and 1,500 more in 2019. If current forecasts <br />hold, a total of 159 projects offering roughly 10,400 affordable units will have been built from 2010 through the end of 2019. <br />This decade’s production has been well-balanced between general-occupancy/family units (56% of new units), age restricted/senior <br />units (32%) and units for targeted populations (12%). General-occupancy/family units have been built all across the Twin Cities, <br />while senior units have largely been concentrated in the suburbs (85% of new units), and units for targeted populations reserved <br />almost exclusively to the central cities (86%). <br />1 For this report, affordable rental housing includes new, permanent units with rent restrictions at 60% AMI or below, built by private or public <br />entities for general-occupancy/families, seniors, and targeted populations (e.g. long-term homeless, at-risk youth, persons with mental health <br />or chemical dependency challenges, persons with disabilities, and other supportive housing populations). This report does not tally shelter <br />beds or other short-term accommodations, housing preservation rehabilitations, new market-rate units that are rented at “affordable” levels, <br />or market-rate units occupied with tenants holding rent vouchers. <br /> 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 <br /> (U/C) <br />1,800 <br />1,600 <br />1,400 <br />1,200 <br />1,000 <br />800 <br />600 <br />400 <br />200 <br />–Number of New UnitsSource: Dougherty Mortgage Multifamily Database <br />* Includes veterans, long-term homeless, youth, persons with mental health or chemical dependency challenges, persons with physical or cognitive <br />impairments and other populations with specific supportive needs. <br />Targeted Populations* <br />Age Restricted (Senior) <br />General Occupancy/Family <br />Lino Lakes <br />Hugo <br />Eagan <br />Afton <br />Grant <br />Lakeville <br />Andover <br />East Bethel <br />Orono <br />Corcoran <br />Plymouth <br />Medina <br />Ramsey <br />Ham Lake <br />Woodbury <br />St. Paul <br />Oak Grove <br />Bloomington <br />Rosemount <br />Forest Lake <br />Minnetrista <br />Eden Prairie <br />Shakopee <br />Edina <br />Burnsville <br />Maple Grove <br />May Township <br />Cottage Grove <br />Independence <br />Minnetonka <br />Columbus <br />Lake Elmo <br />Nowthen <br />St. Francis <br />Savage <br />Greenfield <br />Eureka Township <br />Benton Township <br />Helena Township <br />Linwood Township <br />Empire Township <br />Douglas Township <br />Camden Township <br />Brooklyn Park <br />Chaska <br />Dahlgren Township <br />Hampton Township <br />Marshan Township <br />Coon Rapids <br />Belle Plaine Township <br />Hollywood Township <br />Vermillion Township <br />Watertown Township <br />Waconia Township <br />Scandia <br />Cedar Lake Township New Market Township <br />Fridley <br />Castle Rock Township <br />Maplewood <br />Denmark Township <br />Prior Lake <br />Laketown Township <br />Roseville <br />Inver Grove Heights <br />Sand Creek Township <br />Hassan Township <br />Blakeley Township <br />Blaine <br />Spring Lake Township <br />Greenvale Township <br />Young America Township <br />Apple Valley <br />Oakdale <br />Shoreview <br />Ravenna Township <br />Victoria <br />Anoka <br />Farmington <br />Credit River Township <br />San Francisco TownshipHancock Township <br />Champlin <br />Dayton <br />Stillwater Township <br />Sciota Township <br />Nininger Township <br />Arden Hills <br />Crystal <br />Richfield <br />Stillwater <br />St. Louis Park <br />Golden Valley <br />North Oaks <br />Chanhassen <br />Louisville Township <br />Mound <br />Waterford Township <br />Shorewood <br />Rogers <br />St. Lawrence Township <br />Mendota Heights <br />Randolph Township <br />Carver <br />Wayzata <br />MahtomediNew BrightonBrooklyn Center <br />Baytown Township <br />West Lakeland Township <br />Vadnais Heights <br />Hopkins <br />New Hope <br />Newport <br />White Bear Township <br />South St. Paul <br />Jackson Township <br />Jordan <br />West St. Paul <br />Belle Plaine <br />Deephaven <br />Little Canada <br />Waconia <br />Lakeland <br />Elko <br />DellwoodMounds View <br />Fort Snelling <br />White Bear Lake <br />Robbinsdale <br />Centerville <br />Bayport <br />Marine on St. Croix <br />North St. Paul <br />Columbia Heights <br />Miesville <br />Tonka Bay <br />Coates <br />Oak Park Heights <br />St. Paul Park <br />Circle Pines <br />Bethel <br />Falcon Heights <br />Hampton <br />Grey Cloud Island Township <br />Sunfis h <br />Lake <br />Lilydale <br />Watertown <br />Woodland <br />Osseo <br />Gem Lake <br />Randolph <br />Vermillion <br />Excelsior <br />Maple Plain <br />Long Lake <br />Cologne <br />Greenwood <br />Minnetonka Beach <br />St. Bonifacius <br />Hanover <br />Pine Springs <br />Lexington <br />Norwood Young America <br />New Prague <br />Spring Lake Park <br />Spring Park <br />New Market <br />Lake St. Croix Beach <br />Mayer <br />Lakeland Shores <br />Lauderdale <br />Loretto <br />Mendota <br />New Germany <br />Medicine Lake <br />St. Marys Point <br />St. Anthony <br />Hilltop <br />Hamburg <br />New Trier <br />Willernie <br />Hastings <br />Landfall <br />Rockford <br />Minneapolis <br />¨§¦35 <br />¨§¦35 <br />¨§¦35E <br />¨§¦35W <br />¨§¦35W <br />¨§¦35E <br />¨§¦94 <br />¨§¦94 <br />¨§¦394 <br />¨§¦694 <br />¨§¦694 <br />¨§¦494 <br />¨§¦494 <br />¨§¦94 <br />¨§¦94 <br />Lino Lakes <br />Hugo <br />Eagan <br />Afton <br />Grant <br />Lakeville <br />Andover <br />East Bethel <br />Orono <br />Corcoran <br />Plymouth <br />Medina <br />Ramsey <br />Ham Lake <br />Woodbury <br />St. Paul <br />Oak Grove <br />Bloomington <br />Rosemount <br />Forest Lake <br />Minnetrista <br />Eden Prairie <br />Shakopee <br />Edina <br />Burnsville <br />Maple Grove <br />May Township <br />Cottage Grove <br />Independence <br />Minnetonka <br />Columbus <br />Lake Elmo <br />Nowthen <br />St. Francis <br />Savage <br />Greenfield <br />Eureka Township <br />Benton Township <br />Helena Township <br />Linwood Township <br />Empire Township <br />Douglas Township <br />Camden Township <br />Brooklyn Park <br />Chaska <br />Dahlgren Township <br />Hampton Township <br />Marshan Township <br />Coon Rapids <br />Belle Plaine Township <br />Hollywood Township <br />Vermillion Township <br />Watertown Township <br />Waconia Township <br />Scandia <br />Cedar Lake Township New Market Township <br />Fridley <br />Castle Rock Township <br />Maplewood <br />Denmark Township <br />Prior Lake <br />Laketown Township <br />Roseville <br />Inver Grove Heights <br />Sand Creek Township <br />Hassan Township <br />Blakeley Township <br />Blaine <br />Spring Lake Township <br />Greenvale Township <br />Young America Township <br />Apple Valley <br />Oakdale <br />Shoreview <br />Ravenna Township <br />Victoria <br />Anoka <br />Farmington <br />Credit River Township <br />San Francisco TownshipHancock Township <br />Champlin <br />Dayton <br />Stillwater Township <br />Sciota Township <br />Nininger Township <br />Arden Hills <br />Crystal <br />Richfield <br />Stillwater <br />St. Louis Park <br />Golden Valley <br />North Oaks <br />Chanhassen <br />Louisville Township <br />Mound <br />Waterford Township <br />Shorewood <br />Rogers <br />St. Lawrence Township <br />Mendota Heights <br />Randolph Township <br />Carver <br />Wayzata <br />MahtomediNew BrightonBrooklyn Center <br />Baytown Township <br />West Lakeland Township <br />Vadnais Heights <br />Hopkins <br />New Hope <br />Newport <br />White Bear Township <br />South St. Paul <br />Jackson Township <br />Jordan <br />West St. Paul <br />Belle Plaine <br />Deephaven <br />Little Canada <br />Waconia <br />Lakeland <br />Elko <br />DellwoodMounds View <br />Fort Snelling <br />White Bear Lake <br />Robbinsdale <br />Centerville <br />Bayport <br />Marine on St. Croix <br />North St. Paul <br />Columbia Heights <br />Miesville <br />Tonka Bay <br />Coates <br />Oak Park Heights <br />St. Paul Park <br />Circle Pines <br />Bethel <br />Falcon Heights <br />Hampton <br />Grey Cloud Island Township <br />Sunfis h <br />Lake <br />Lilydale <br />Watertown <br />Woodland <br />Osseo <br />Gem Lake <br />Randolph <br />Vermillion <br />Excelsior <br />Maple Plain <br />Long Lake <br />Cologne <br />Greenwood <br />Minnetonka Beach <br />St. Bonifacius <br />Hanover <br />Pine Springs <br />Lexington <br />Norwood Young America <br />New Prague <br />Spring Lake Park <br />Spring Park <br />New Market <br />Lake St. Croix Beach <br />Mayer <br />Lakeland Shores <br />Lauderdale <br />Loretto <br />Mendota <br />New Germany <br />Medicine Lake <br />St. Marys Point <br />St. Anthony <br />Hilltop <br />Hamburg <br />New Trier <br />Willernie <br />Hastings <br />Landfall <br />Rockford <br />Minneapolis <br />¨§¦35 <br />¨§¦35 <br />¨§¦35E <br />¨§¦35W <br />¨§¦35W <br />¨§¦35E <br />¨§¦94 <br />¨§¦94 <br />¨§¦394 <br />¨§¦694 <br />¨§¦694 <br />¨§¦494 <br />¨§¦494 <br />¨§¦94 <br />¨§¦94 <br />ANOKA <br />WASHINGTON <br />HENNEPIN <br />RAMSEY <br />CARVER <br />SCOTT DAKOTA <br />´8 084Miles <br /> <br /> <br /> <br /> <br /> <br /> <br />TWIN CITIES AFFORDABLE RENTAL SUBMARKETS <br />1 |MARKET UPDATE: AFFORDABLE RENTAL HOUSING IN THE TWIN CITIES <br />A Decade’s Worth of Production: 2010 – 2019 (U/C) <br />New Affordable Rental Units Delivered <br />Twin Cities Metro Area (7 Counties) <br />AFFORDABLE RENTAL PRODUCTION SUMMARY <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Minneapolis <br />St. Paul <br />First Ring Suburbs <br />Northeast Suburbs <br />Northwest Suburbs <br />Southeast Suburbs <br />Southwest Suburbs <br />TWIN CITIES AFFORDABLE <br />RENTAL SUBMARKETS <br />Central Cities of Minneapolis and St. Paul –The central <br />cities have supported 45% of all new production this decade, <br />dispersed across twenty-one neighborhoods. <br />First-Ring Suburbs –Twenty-four communities that were <br />developed largely in the 1950s and 1960s surround the <br />central cities. They share a common need to redevelop older <br />commercial areas with higher density housing uses. <br />Second- and Third-Ring Suburbs and Exurban Areas –The <br />four regional quadrants of Northwest, Northeast, Southeast <br />and Southwest have a mix of redevelopment and infill <br />projects on sites in second-ring suburbs, but also greenfield <br />projects on land that is urbanizing in third-ring suburbs and <br />exurban cities.