Services: Market Research and Absorption Location: Aurora, Colorado THK prepared a market and economic feasibility study to assess the potential for LIHTC/CHFA rental apartments at a 2-acre property located at the northwest corner of Ellsworth Avenue and Sable Boulevard in Aurora, Colorado. The project was seeking a 4% tax credit from CHFA and was targeted to low-income renter households. THK’s research included a projection of the market for rental apartment residential uses; an analysis of existing and proposed competition; and recommendations for the optimum rental rates by unit type. Unit absorption and a recommended development model for build-out were programmed. The recommendations also included estimates of the total units for which market support existed, amenities and parking requirements. THK ensured that the appropriate mix of rental rates met LIHTC/CHFA guidelines.