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             B. ALTERNATIVE HJUSID CURRENTLY AVAILABLE 
                              FOR THE ELDERLY 
                    IN THE DEFINED MARKET STUDY AREA 
1.   There are   16 elderly subsidized housing projects which   account for
     1,076 units in the defined market area that serve the  housing  needs
     of 1, 139  low inccme elderly residents. Elderly    subsidized  housing
     residents  represent approximately    7 percent of  the  total  elderly
     population, excluding nursing hcne residents. The waiting lists   for
     these  subsidized  units are reported to be fram two to   three  years,
     but  it is not certain whether all of the names on the waiting    lists
     are pre-qualified residents and whether the lists contain duplicative
     names.   Not included in this number are the elderly  who  receive 
a 
     rent subsidy   to   locate in an approved apartment of   their choice.
     This ratio of elderly subsidized housing residents compares with the
     following canmuities: 
                    Neenah-Menasha Area 3.7%        1988 Data 
                    Ozaukee County        3.8%      1984 Data 
                    Appleton Area         5.8%      1983 Data 
                    Racine Area           6.9%      1988 Data 
                    Beaver Dam Area       7.7%      1986 Data 
                    Kenosha Area          9.0%      1983 Data 
     These  16 subsidized elderly housing projects have a high   profile
  in 
     the Racine area; the subsidized housing operated by Lincoln Lutheran
     and  the Mc~ynn Tower project are the best known        and have been
     considered by    6 to   8 percent of  the  356  survey  respondents
  as 
     alternative  housing for themselves. Five of the    eleven  financially
     qualified  ard   interested  prospects   for retirement housing    have
     considered Lincoln Villas as retirement housing for themselves.   For
     the purpose   of   this summary, financially qualified  is  defined
  as 
     honeowners with a gross annual income of $15,000 and renters  with 
a 
     gross  annual   inccme of $20, 00"0. Currently in Racine, gross
  inccme 
     ceilings  for eligibility as a resident in Section 8 elderly  housing
     are  $12,800 for a single person ard $14,700 for a couple. Given   
 the 
     stated  income levels of the financially qualified   respondents,  
they 
     are  unlikely to qualify for this subsidized housing, but the     strong
     identification is there. 
2.   The conventional apartment market in Racine appears to be strong with
     vacancies  of less than 3 percent for most of the projects    surveyed.
     Conventional  apartment projects which report a higher     than average
     proportion of elderly are Diannndhead Apartments near both the Marion
     Housing Center and     the  St. Mary' s Hospital camrpus,    Georgetcwn
     Village Apartments, Graceland Arms and Imperial Apartmets, and the 
     Douglas Terrace Apartments.      The   Concord Apartments report the
     mraj ority of tenants are middle to older age. 
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