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i <br />11 <br />C] <br />11"D 1i0. V? 3U403ZVO"1w rLAA,�L,: , .«,,,L U, <br />FIGURE 1-1 <br />PENETRATION RATEIDEMAND MODEL FOR ASSISTED LIVING <br />Gross Non -Institutionalized <br />- Age 75 + Households <br />Less Existing and Planned AL Units <br />Requiring Qualifying Cash Flow <br />Incomes lower than Subject Project <br />Less Existing <br />Independent Living Units <br />Subtotal Available I <br />Grass Age 75+ Households <br />I Apply Qualifying Income Screen I <br />Subtotal Available Age and <br />Income Qualified Households <br />Occupied Units <br />VacanVPlanned Units <br />@ 95% Occupancy <br />Unit Turnover @ 40% <br />Less Existing and Planned AL Occupied Units <br />Units Requiring Comparable or Vacant/Planned Units <br />Higher Cash Flow Income 96% Occupancy <br />Net Available Agelinwme Unit Turnover '@ 4o% <br />Qualified Households Factor In Home Equity <br />Impact <br />Number of Qnits to Be Absa d in_kMA <br />Net Available Age/Inc me Qualified Households <br />Project Penetration Rate <br />�4r� rf [1lvtltii}':IrJ �tr�� ri 4�c <br />