The Anchor House Apartments consist of 115 units: a mix of studio, one bedroom, two bedroom and three bedroom apartments totaling 52,776 square feet. Anchor house is used to house the homeless and the marginally homeless. Presently 90% occupied; 100% of the apartments are Section 8, all leased on an annual basis. There are no long term contracts. Estimated cost of needed repairs exceeds $2,000,000.