Howard Lake-Waverly Herald, Sept. 4, 2000
Waverly housing study complete
By Andrea Vargo
The Waverly Economic Development Authority (EDA) just received the housing study from AdMark Resources of St. Cloud.
A study area consisted of the 55390 ZIP code area. A draw area, based on retail, health care, and school districts, was developed from this study area.
Some of the findings are expected, and some of them are exactly what the EDA thought they would be.
Humphrey Elementary School is the largest employer with 23 full-time employees and two part-time employees.
Citizens State Bank of Waverly is in second place and has 17 full-time and two part-time employees.
The unemployment data for Wright County shows unemployment at 2.6 percent in June, 2000. This is lower than the state average. Data is not available for cities under 25,000.
Population and available housing
The zip code study area, which includes Waverly and all or parts of Marysville and Woodland Townships, showed an estimated increase in population from 1,870 in 1990 to 2,415 in 2000, which is a 22 percent increase.
Households are estimated to have increased a substantial 24.2 percent in the study area, and they are projected to increase by another 9.8 percent by 2005.
Owner occupied housing comprises 88.7 percent of the housing units in the study area, while only 11.3 percent were rented.
Using the information available, AdMark projects an additional 219 owner occupied households from 1990 to 2005, and 28 more renter occupied units.
The very low income limit for a one-person household in Wright County is $23,000 and qualifies for rental assistance. As many as 143 of the 817 households in the study area may qualify for housing subsidies in 2000.
Low income limit for a one-person household is $35,150. As many as 237 of the 817 households in the study area may qualify for low income housing subsidies.
More residents in the study area may qualify for assistance, depending on the number of persons in the household, possibly close to 400, according to the report. Of those numbers, 84 may be elderly.
Multifamily housing units have not been built since 1990, and the study shows an unmet demand of up to 57 units of market rate apartments.
The study shows additional senior rental units are needed for different income levels, as well as an additional 71 single family owner-occupied homes by 2005.
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