Fillable Market Analysis Form for Rental Developments Brief summary (RIHousing)

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Market Analysis Form for Rental Developments Brief summary (RIHousing)

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Market Analysis Form for Rental Developments
Brief summary of the organization's history in providing rental opportunities.
Clearly define and describe the market area in which the development is located.
Provide a brief summary of demand for assisted and unassisted rental homes in the
market area. How have you determined housing demand?
How have you identified / will you identify potential tenants for the development?
Discuss the approach used in setting the rent levels for the development. How does
the development compare with other rental housing inventory in the market area?
If rental subsidy is proposed please indicate the source of the subsidy and contract
terms. Explain how the development is sustainable if the subsidy is terminated.
Supporting materials: In support of the narrative, above, please complete and
submit the following.
Attachment A: Comparable Properties. Comparables must include three
similarly deed restricted property and two unrestricted properties.
Attach B: Provide a FEMA flood map for the location of the proposed
development unless provided elsewhere in the application.
Attach C: Provide a map of the market area that indicates location of the
development, proximate amenities, and each of the comparables listed in
Attachment B.
Attachment A: Comparable Properties
Comparable Properties
List below five (5) comparable developments indicate source (including
telephone) of
information for each.
a. Comparable No. 1:
Name of Property
Total No. of Units
Location
Distance from Subject
Type (Walkup, Elevator, or Row)
Unit Amenities (AC, balconies, etc.) (list)
Development Amenities (green space,
playground, parking, recreational facilities)
(list)
Number of off street parking
Certificate of Lead Conformance with DOH
Universal Design
Rental Subsidy Source:
Owner Paid Utilities (list)
Tenant Paid Utilities (list)
Source of Information
Telephone No. of Source
No. of Bedrooms
No. of Units
Contract Rent
Square Feet/Unit
s.f.
s.f.
s.f.
s.f.
State basic similarities and differences between proposed development and comparable.
b. Comparable No. 2:
Name of Property
Total No. of Units
Location
Distance from Subject
Type (Walkup, Elevator, or Row)
Unit Amenities (AC, balconies, etc.) (list)
Development Amenities (green space,
playground, parking, recreational facilities)
(list)
Number of off street parking
Certificate of Lead Conformance with DOH
Universal Design
Rental Subsidy Source:
Owner Paid Utilities (list)
Tenant Paid Utilities (list)
Source of Information
Telephone No. of Source
No. of Bedrooms
No. of Units
Contract Rent
Square Feet/Unit
s.f.
s.f.
s.f.
s.f.
State basic similarities and differences between proposed development and comparable.
c. Comparable No. 3:
Name of Property
Total No. of Units
Location
Distance from Subject
Type (Walkup, Elevator, or Row)
Unit Amenities (AC, balconies, etc.) (list)
Development Amenities (green space,
playground, parking, recreational facilities)
(list)
Number of off street parking
Certificate of Lead Conformance with DOH
Universal Design
Rental Subsidy Source:
Owner Paid Utilities (list)
Tenant Paid Utilities (list)
Source of Information
Telephone No. of Source
No. of Bedrooms
No. of Units
Contract Rent
Square Feet/Unit
s.f.
s.f.
s.f.
s.f.
State basic similarities and differences between proposed development and comparable.
d. Comparable No. 4:
Name of Property
Total No. of Units
Location
Distance from Subject
Type (Walkup, Elevator, or Row)
Unit Amenities (AC, balconies, etc.) (list)
Development Amenities (green space,
playground, parking, recreational facilities)
(list)
Number of off street parking
Certificate of Lead Conformance with DOH
Universal Design
Rental Subsidy Source:
Owner Paid Utilities (list)
Tenant Paid Utilities (list)
Source of Information
Telephone No. of Source
No. of Bedrooms
No. of Units
Contract Rent
Square Feet/Unit
s.f.
s.f.
s.f.
s.f.
State basic similarities and differences between proposed development and comparable.
e. Comparable No. 3:
Name of Property
Total No. of Units
Location
Distance from Subject
Type (Walkup, Elevator, or Row)
Unit Amenities (AC, balconies, etc.) (list)
Development Amenities (green space,
playground, parking, recreational facilities)
(list)
Number of off street parking
Certificate of Lead Conformance with DOH
Universal Design
Rental Subsidy Source:
Owner Paid Utilities (list)
Tenant Paid Utilities (list)
Source of Information
Telephone No. of Source
No. of Bedrooms
No. of Units
Contract Rent
Square Feet/Unit
s.f.
s.f.
s.f.
s.f.
State basic similarities and differences between proposed development and comparable.
Average Attainable Market Rent
What is the average attainable market rent in the municipality in which units will be
developed?
(Refer to Consolidated Plan or the Rhode Island Housing Rent Survey).
0 BR $ 1 BR $ 2 BR $ 3 BR $ 4 BR $
Explain any variances between comparables and estimated attainable marked
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Market Analysis Form for Rental Developments Brief summary (RIHousing)

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Completed 28 June 2021

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