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Affordable Housing Development

The Danter Company offers several studies designed to identify an area's potential for affordable housing.  In addition to site-specific market studies for Low Income Housing Tax Credit (LIHTC) and government subsidized multifamily development, we also offer overview analysis to identify potential for additional affordable housing development.  

A typical affordable housing overview would contain the following components:

Findings

Specifically, our studies will provide the following:

  • Unit mix, number and size recommendations to meet area affordable housing demand.  Recommendations can include a full range of housing options beyond for-rent multifamily, including affordable for-sale multifamily and affordable for-sale or for-rent single-family development if requested
  • Suggested unit and project amenities packages competitive with area developments for all unit types under study
  • Determination of appropriate rents/sales prices for the proposed units based on affordable housing program guidelines 
  • An evaluation of the site area's ability to function with residential use based on its access, visibility and environment.
  • Competitive Analysis. When appropriate, potentially competitive projects are identified and analyzed in detail, including a detailed look at floor plans, entry impact, storage space, unit and project amenities, and pricing.

Supply/Demand Analyses

Our conclusions and recommendations are based on an analysis of the relationship between existing and projected supply and demand based on our 100% field survey of the Effective Market Area (EMA) and an analysis of area demographics.

 Supply Analysis

Supply is determined through:

  • A 100% field survey of all unit types under study within the Effective Market Area.  Usually this will consist of modern apartments, but may include for-sale multifamily or single-family, or for-rent single-family at the client's request.
  • Data from the US Census Bureau and US Department of Commerce

The supply of existing housing is analyzed to identify rent or sale price, vacancy trends by unit type, amenities, number of bedrooms, year built, and ccomparability rating.  

 Demand Analysis

  • An analysis of the number of income-qualified households in the EMA (based on available affordable housing program income restrictions) will be conducted. This analysis will establish the number of households based on a variety of rent-to-income relationships and compare this to the number of existing units.
  • An overview of the area Section 8 program and an evaluation of potential support from program participants.
  • An analysis of demand for new for-sale housing by price range and type (multifamily/condominium or detached single-family) based on existing and projected demographic profiles and established capture factors.
  • A projection of expected market-driven rent for various unit types at opening based on a Comparable Rent Analysis. The Comparable Rent Analysis allows for determination of market-driven rent for projects of any amenity level by using a regression analysis to analyze project rent in conjunction with its Comparability Rating. Some states ask that we omit this analysis for site-specific analysis.

For more information, please call us at (614) 221-9096 during business hours (8 am to 5 pm) Eastern US time, or fill out our contact form.

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Danter & Asscicates, LLC, 2760 Airport Drive, Suite 135 Columbus, OH 43219
(614) 221-9096