Background:
Development Strategies will provide an update to the housing demand findings from the January 2022 Citywide Housing Study as the city has met demand for a key market segment—market-rate multifamily rental housing—as concluded in that study. However, even though only 2.5 years after the analysis was completed, so much has changed nationally, regionally, and locally due to a number of factors, including increases in interest rates, continuing impacts of the COVID-19 Pandemic, and shifts in market preferences. |