Typically, this includes the subject city, county or region for which the Housing Needs Assessment was requested. The PSA is the geographic area from which demographic and economic factors influence housing needs.
Identification of the Study Area(s): The foundation of the analysis is the establishment of the Primary Study Area (PSA). However, the most basic assessment should include the following: The components (scope of work) of a Housing Needs Assessment can vary greatly. As such, a Housing Needs Assessment provides the information and tools for a variety of entities to make data-driven decisions about the area’s housing needs. Finally, the assessment will enable local leaders and residents of the community to provide valuable insight as to the housing challenges they see in the market and help interested parties understand where focus should be placed on addressing such challenges. These assessments are also used by private developers and non-profit entities to identify areas of development potential so that they can strategically develop the types of housing most needed in the community. Such assessments can also be used by social services organizations to understand housing issues specific to their interests and allow them to focus on ways to meet the needs of certain special needs populations (e.g. Additionally, the assessment is used by local entities (government, economic development, chamber of commerce, etc.) to attract and encourage residential development activity and investment. Typically, a Housing Needs Assessment is used by local governments to identify housing issues and solutions that can be used to make strategic decisions related to the housing market and is often used as a basis for future housing and policy decisions and/or to secure financing for various housing programs and projects. The users and beneficiaries of a Housing Needs Assessment are broad. In short, a Housing Needs Assessment can be customized to meet the specific needs of a community. An analysis can even be conducted on submarkets or select neighborhoods within the subject community. In instances where a community has available land that could be used to develop new housing or the adaptive reuse of existing structures, site-specific analysis can also be included as part of an overall Housing Needs Assessment.
BDO CENTRAL MARKETPLACE WHAT DOES RI AND DUO MEAN HOW TO
The assessment also typically provides recommendations on how to achieve certain housing goals and will provide recommendations on potential housing policy initiatives that would benefit the local housing market. families, seniors, disabled, young professionals, etc.). for-sale), price point, bedroom type and market segment (e.g. The assessment concludes with quantifying the number of housing units needed in the market by tenure (rentals vs. A comprehensive Housing Needs Assessment typically involves compilation and evaluation of specific demographic data, economic characteristics and trends, current housing inventory and characteristics, government policies and incentives, and the adequacy and availability of selected community services, as well as collecting the input of area stakeholders and residents.