Housing Market Analysis and Housing Action Plan Services

The vendor is required to provide a housing market analysis and housing action plan services including all the details outlined and required in the program services section.
- Provide trend analysis of changes in the demographics, housing inventory, and sub-markets that have evolved.
- Determine the demand for housing with projections for the next ten (10) years by age and size of household, income and tenure.
- Provide an inventory of existing affordable and workforce housing, both publicly supported and in the private market.
- Examine the adequacy of the existing housing stock for meeting present and future housing needs reviewing such factors as cost, tenure, physical and locational characteristics.
- Determine which household submarkets are to be assessed (e.g., female-headed, elderly, etc.) and estimate which submarket needs are not being met and are likely to remain unmet in the private market. Calculate the supply and demand for low/moderate income households, for workforce households, and for assisted/non-assisted housing units.
- Estimate the number and bedroom size of units available and affordable to particularly vulnerable populations (e.g. homeless persons and disabled persons) with incomes under 30% of Area Median
Income.
- Assessment of Housing Cost Factors – The consultant shall:
• Examine the components of housing costs as it relates to land, site improvements, design, financing, land use regulations and government review and processing.
• Examine factors that hinder various types of housing opportunities.
• Assess how transportation costs affect housing affordability.
• Assess the cost effectiveness of various tools for housing (e.g., redevelopment vs. neighborhood conservation, rehabilitation, new construction, adaptive reuse, historic preservation)
- Resources – The consultant shall:
• Identify, assess and catalog public and private funding mechanisms and approaches that are currently used and those also available.
• Examine the roles and responsibilities of the private sector, and public and non-profit organizations involved in housing activities.
• Identify the legal, organizational, institutional, and other constraints and opportunities for private, public and non-profit organizations in financing and developing housing activities.
• Describe the financial capacity of the county to engage in housing activities. Identify the potential of untapped funding sources including private resources, governmental and any other revenue generating resource mechanisms of the County
- Recommendations – The consultant shall:
• Propose strategies to encourage diverse housing types and affordability levels throughout the county.
• Provide a suggested plan to fill housing gaps, including a rationale for prioritization of projects for funding.
• Propose funding and investment strategies.
• Propose a process to present findings and obtain feedback.
• Provide an investment assessment tool or toolkit, such as a “Housing Scorecard” to enable the county to make ongoing assessments of how well the community is meeting affordable and workforce housing needs compared to other municipalities in the state and region.
- Contract Period/Term: 1 year
- Pre-Proposal Meeting (Non-Mandatory) Date: February 12, 2025
- Questions/Inquires Deadline: February 19, 2025