Kiowa County Economic Development Foundation

by Oct 3, 2024Affordable Housing

Kiowa County Economic Development Foundation

by | Oct 3, 2024 | Affordable Housing

Services: Market Research and Absorption Location: Sheridan Lake, Kiowa County, Colorado THK assisted Kiowa County Economic Development Foundation (KCEDF) in determining the development feasibility and market potential of building affordable housing opportunities throughout Sheridan Lake, Kiowa County, Colorado. THK created an economic base analysis and displayed a thorough understanding of the surrounding supply and demand marketplace for affordable housing along with demand factors from a proposed $2B wind energy project . Data included interviewing key people and qualifying existing and proposed competitive developments, quantifying pent-up affordable housing demand today, and projected affordable housing demand over the next decade. (New Para) THK’s data on housing characteristics by affordability, unit-type, square footage, rental rate, and occupancy was used in conjunction with regional and local planning efforts to determine a suitable and receptive development. THK’s research projected affordable housing demand by unit type, rental rate, and size in order to recommend an appropriate development that blended seamlessly into the surrounding community. This was a CHFA certified market analysis.

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