As we all know, there are numerous items to think about when choosing a market to develop/invest in. Due to the requirements of the Low-Income Housing Tax Credit (LIHTC) program and the Kentucky Housing Corporation (KHC), having a good understanding of the market/region you are looking to develop/invest in is a critical step in developing a successful LIHTC property and
Bowen National Research finished a successful 2018 with the completion of a countywide Housing Needs Assessment in Michigan, along with the launch of several others, and a trip to Puerto Rico to study multiple housing projects on the island devastated by Hurricane Maria in 2017. A comprehensive analysis of Ottawa County, Michigan capped off a string of large and high-profile
Purpose and Users A comprehensive Housing Needs Assessment typically involves compilation and evaluation of specific demographic data, economic characteristics and trends, current housing inventory and characteristics, government policies and incentives, and the adequacy and availability of selected community services, as well as collecting the input of area stakeholders and residents. The assessment concludes with quantifying the number of housing units
On March 22, 2016, Patrick Bowen presented at the Nebraska Investment Finance Authority’s 2016 Housing Innovation Marketplace. The session was titled “Housing Market Studies” and was moderated by Ms. Casey Cline, Development Director at Travois. Additional panelists included Mr. Timothy M. Keelan, Principal Partner of HANNA:KEELAN ASSOCIATES, P.C. and Mr. Brian Wilson, MAI, Commercial Real Estate Appraiser with Wilson Valuation
On Thursday, October 8, 2015, Patrick Bowen presented at the Virginia Housing Credit Conference, sponsored by the Virginia Housing Coalition and held at The Westin in Richmond, Virginia. Additional panelists included Jaynell Pittman-Shaw, Senior Allocation Officer with the Virginia Housing Development Authority, and Corine Sheridan, Vice President, Director of Origination with Boston Capital. The session was moderated by JD Bondurant,
On Tuesday, June 30, 2015, Patrick Bowen presented findings from a Downtown Retail Feasibility Study, conducted for Main Street Morgantown in West Virginia. Below is an article written after this presentation. Study: Parking, safety could be reasons for vacant retail space Andrew Hesner TheDPost.com MORGANTOWN — A feasibility study on downtown Morgantown and the Wharf District shows that of the
In January of this year Bowen National Research were hired by the Charleston Area Alliance to conduct a Downtown Housing Needs Assessment in Charleston, West Virginia. Patrick Bowen, the principal and author of the report, presented the report’s findings last Tuesday (April 21st) at the Charleston Area Alliance “Think Tank” event. You can read more about the presentation via the link below of the article
Since 2011, our firm has been conducting statewide rental housing surveys on Tax Credit properties for various states that we select. Thus far we have surveyed nine different states, which include Georgia (2013), Indiana (2012), Iowa (2012), Kentucky (2013), Ohio (2014 our most recent), Pennsylvania (2012), South Carolina (2012), Tennessee (2013), and Virginia (2012). These surveys are all conducted by
As part of the Low-Income Housing Tax Credit (LIHTC) program, applicants for Tax Credits are required to submit a variety of documents and reports to their state housing finance agency as part of the application process. One element of the application process is a market feasibility study. Market feasibility studies are reports that include such things as demographic, economic and
