Housing Market Study Services

The vendor is required to provide housing market study services for include:
- Existing supply
•    Existing supply of housing units by:
o    Single family detached, duplex, triplex, fourplex, multiplex, live-work, townhouses, mid-rise multifamily, and high-rise multifamily;
o    Along with cross context of housing tenure, composition, and age.
•    Demographic data (at the census tract level) current and projected for:
o    Household age
o    Income (focus on the growth potential of the mid to upper income brackets
o    Composition
o    Household size
o    Tenure
o    Commute.
•    Current gaps and additional housing supply needed for all the typologies mentioned above, with an emphasis on unit growth by concentrating growth, such as, opportunities for missing middle, higher value and multifamily mid and high-rise housing solutions.
•    Incorporate act 2025-2029 consolidated plan [draft] and assessment of fair housing into related supply factors in determining gaps and growth demands
- Projected housing demand for the 2026-2030 and 2030-2050 period
•    Population trends that directly affect housing, such as, the total populational evolution for 2030 and 2050, household size, and age segmentation of households.
•    Projected housing demand for the 2025-2030 period, and 2030-2050 period.
•    Projected housing demand for the 2025-2030 period, and 2030-2050 period in the following themes:
o    Single family versus multifamily demand, considering income level 
o    Opportunities for missing middle housing, higher value, mid-rise, and other multifamily solutions in core areas, 
o    Projected price points for ownership and rental 
o    Housing composition presented as fixed and trend
o    Density comparisons between and neighboring cities 
o    Comparison of housing market competitiveness between cities, presented as profiles by type of unit.
•    Impact of access to transportation and infrastructure (i-64/i-664) on housing demands. 
•    Potential price points for the additional supply needed 
•    Market gaps in:
o    Higher value housing
o    Income growth
o    Housing demand
o    Growth opportunities
o    The total numbers and ratio of ownership and rental
•    Comparison between cities.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: October 28, 2025