Specifications include, but are not limited to: Review of Population and Demographic Data: A review of the existing population and demographic data in the City of Columbus; regarding income, percentage of household income spent on housing, household size, age compared to income, poverty rates, and immigration. Review of Existing Housing Supply: An analysis of the attainability and availability of existing housing including a comparison of sales and rental rates with local incomes/wages, as well as regional indicators. The study should address and segment: attainable/work-force housing, market rate housing, and housing for young professionals, retirees, empty nesters, and public service professionals. The study should consider housing cost burden across all income levels. Housing Demand: An analysis of current and 10-year housing demand outlook, utilizing demographic and economic profiles, examining growth projections over the next 10-years. The study should provide information in regards to housing demand by type, and assessment of nearby municipalities that could attract potential residents to their communities due to available housing and prices. Stakeholder Input: Consideration of issues that those that are key stakeholders in the housing community see as barriers to attainability. The City will provide the contact information for key stakeholders. Review of the Development Environment: An examination of policies, regulations, utilities, services, builders/developers, institutions, and private markets that affect the development environment in the City of Columbus. Gap Analysis: An analysis of the current market to determine whether a deficit or surplus of housing units exists for households in various income bands for rental and owner-occupied housing. The analysis should specifically consider cost-burdened households, those living in substandard housing for rental housing, and address household growth and need for replacement housing over time. The analysis should hypothesize how this gap affects the 10,000 +/- individuals that commute into Columbus for work. Market Study: An analysis of market data predicting population growth and housing demand, rent and sales projections, and housing needs. Growth Metrics: Utilizing data from the market study, a strategy in which the City can attract and retain talent to the community, determine 10-year target growth, and determine a community vision for housing over the next 10-years.
