a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
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Allen Wilson Phase III, Decatur, GA; Market Study<br />
STEP 1 Please refer to text for complete explanation.<br />
Dem<strong>and</strong> from New Renter Households 2000 to Prj Mrkt Entry June 2014<br />
Income Target Population 50%<br />
New Renter Households PMA 3,227<br />
Percent Income Qualified 49.6%<br />
New Renter Income Qualified Households 1,601<br />
STEP 2a. Please refer to text for complete explanation.<br />
Dem<strong>and</strong> from Existing Households 2000<br />
Dem<strong>and</strong> form Rent Overburdened Households<br />
Income Target Population 50%<br />
Total Existing Dem<strong>and</strong> 20,864<br />
Income Qualified 49.6%<br />
Income Qualified Renter Households 10,351<br />
Percent Rent Overburdened Prj Mrkt Entry June 2014 33.1%<br />
Rent Overburdened Households 3430<br />
STEP 2b. Please refer to text for complete explanation.<br />
Dem<strong>and</strong> from Living in Subst<strong>and</strong>ard Housing<br />
Income Qualified Renter Households 10,351<br />
Percent Living in Subst<strong>and</strong>ard Housing 0.4%<br />
Households Living in Subst<strong>and</strong>ard Housing 41<br />
STEP 2c. Please refer to text for complete explanation.<br />
Senior Households Converting from Homeownership<br />
Income Target Population 50%<br />
Total Senior Homeowners 0<br />
Rural Versus Urban 2.0%<br />
Senior Dem<strong>and</strong> Converting from Homeownership 0<br />
Total Dem<strong>and</strong><br />
Total Dem<strong>and</strong> from Existing Households 3,472<br />
Adjustment Factor - Leakage from SMA 115% 521<br />
Adjusted Dem<strong>and</strong> from Existing Households 3992<br />
Total New Dem<strong>and</strong> 1,601<br />
Total Dem<strong>and</strong> (New Plus Existing Households) 5,593<br />
By Bedroom Dem<strong>and</strong><br />
One Person 44.8% 2,504<br />
Two Persons 27.3% 1,529<br />
Three Persons 12.1% 675<br />
Four Persons 8.0% 446<br />
Five Persons 7.8% 438<br />
Total 100.0% 5,593<br />
Novogradac & Company, LLP 52
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