Government Subsidized Multifamily Studies
Following is a synopsis of components typically included in a
market feasibility study for government subsidized multifamily
development. Most of the market studies we perform for
government subsidized development are for RD (Rural Development,
formerly FmHA) development. The following guidelines meet their
criteria for market studies. For more detailed information about
other government subsidized projects, please contact us.
Site Inspection
Each proposed site is personally inspected by a Danter
Company field analyst. The site is inspected for the suitability
for development as it relates to the market. A full area
description is included identifying surrounding land uses, as
well as proximity to area resident services.
Effective Market Area
The EMA, the area from which the project is expected to draw
most of its support, is determined according to guidelines
mandated by the Rural Economic and Community Development. The
EMA includes the immediate population base and all or part of
the surrounding rural periphery that does not compete with or
contain any other community. The EMA often transcends township,
county, but not state boundaries.
The study satisfies requirements for professional market
studies as prescribed by RD in its Instruction 1944-E, Exhibit
A-7.
100% Field Survey
A 100% field survey of modern apartment development within
the EMA is conducted by our trained field analysts. The
following information is identified for each community:
- Number of units
- Type of unit (garden/townhouse)
- Unit mix
- Rent
- Vacancies
- Unit amenities
- Project amenities
- Project type (market-rate/government subsidized)
- Utilities
- Year built/opened
- Determination of Comparability Index, an impartial
apartment project rating based on a community's unit,
project, and aesthetic amenities.
Conclusions
- Identification of potential area support for both Interest
Credit and Rental Assistance units by family and elderly
occupancy based on demographic and economic characteristics
of area population and existing modern apartment base
- Identification of potential support levels for proposed
development by unit mix, proposed Basic Rent, and Interest
Credit/Rental Assistance mix
- A comparison of proposed rent to expected market-driven
rent at opening based on a Rent/Value Analysis
For more information on market studies for government
subsidized housing, please call us at (614) 221-9096 during
business hours (8 am to 5 pm) Eastern US time.
Back to Product Page
|
