The term “affordable housing” covers a wide range of income levels and housing products. As housing costs and land prices escalate, housing choices are reduced for some market segments. Being able to sufficiently house our residents and our workforce is critical to a community’s economic health and well-being. Maxfield Research Inc. conducts a variety of housing analysis where the housing product provided is targeted to households that may require assistance or households that can only afford moderate price housing. These studies cover all of the
components that are typically required in any standard market feasibility study. In addition, we focus specifically on the draw area’s income distribution and housing affordability factors at various levels for different types of housing products.
Maxfield is able to assist in identifying key market and demographic factors that will make this type of housing successful in the marketplace by determining the needs of the city and or county and evaluating their development issues.
We provide this analysis for cities, counties and other government agencies,
mortgage lenders, private developers and non-profit agencies. In addition, we
conduct specialized public policy analyses to higher the broader community and political issues involved with providing this type of housing.
Market Feasibility Study for Washington Village Apartments in Rochester, Minnesota
Market Feasibility for Jackson Flats Artist Live/Work Housing in Minneapolis, Minnesota
Market Feasibility Study for Thames Court Rentals in Grand Forks, North Dakota