ATTACHMENT 1

 

Sample Information about Affordable Housing Market Studies

 

City/Town/County

Cost

Scope

Developed in Conjunction with Consolidated Plan Process

Town of Cary, NC

$78,000

Update to Affordable Housing Plan adopted in 2000 which included:

  • Analysis of the Town’s Housing Market
  • Housing Goals
  • Housing Trends and Projections
  • Housing Strategies

Yes

Orange County, NC

$42,800

2005-2010 Housing and Community Development Consolidated Plan

  • Housing Market Analysis
  • Housing Needs Assessment
  • Five-Year Strategic Plan

Yes

Wake County, NC

$28,500

Affordable Housing Study

  • Market Overview
  • Municipality Data
  • Trends (owner and rental)
  • Affordability Analysis

Data from study is to inform “Housing Market Analysis” portion of the Consolidated Plan.

City of Austin, TX

$150,000
  • Housing Profiles (Population and Household; Economic Conditions; Housing Stock)
  • Housing Market (Rental Demand and Supply, Sales Demand and Supply, Market Conditions
  • Trend Analysis (1998-2028)
  • Housing Gap Analysis

Yes

City of Grand Island, NE

$37,500

Affordable Housing Market Study

  • Demographic Analysis and estimated demand
  • Project employment related housing needs
  • Identify infrastructure deficiencies

Data from study is to be used for grant reporting