Market Study Checklist

Item Page(s) Executive summary briefly reviewing all market study requirements Recommendations or suggested modifications to the proposed project Conclusion that indicates a market exists for the proposed project Estimated stable year vacancy rate Rate: Explanation if vacancy rate exceeds 7 Estimated time to fully lease-up the proposed project Time: Explanation if lease-up time exceeds one year Description of the proposed project site Description of Primary Market Area (PMA) Map of PMA Methodology used to determine boundaries Explanation if areas outside of a five-mile radius are included Discussion of the health of the overall rental housing market Derived Rent and Programmatic Rent Comparison Chart Number of income-eligible renter households in PMA Capture rate Rate: Explanation if capture rate exceeds 10 Description and evaluation of: Public services Infrastructure Community services Employers Map that identifies location of public and community services Description of federally subsidized, OHTF, HOME and Housing Credit projects in PMA Current vacancy rates Contact persons and method of contact Comparison of rents, amenities, unit sizes, etc..