Plan Purpose:
NIFA made available to eligible applicants funds when matched, to conduct community or regional housing studies intended to stimulate ideas for addressing the community’s housing issues and needs. The plan is to address and include recommendations for public policy, socio-cultural, environmental, technological, and economic elements for the community.
Project Background:
For the past several years, the lack of affordable housing has been a significant barrier to achieving community growth and sustaining workforce labor. To better determine methods to address housing gaps on all economic levels, SIMPCO Housing Department sought funding to conduct a comprehensive study. The study is intended to assess existing housing stock, the potential for new housing development, and assess program supports as available at local, state, and federal levels. Once determined, the study also serves as a resource for SIMPCO and participating communities to consider program and policy implementation that maximizes effective use of existing housing stock and considers gaps and barriers faced by those currently seeking to move into or within the study area.
Future Impact:
A comprehensive overview of existing stock and needs as determined through market research and survey analysis serves as a guide for communities looking for housing solutions. A basis for comparison for like communities, the study provides insight into common homeowner/property owner maintenance needs establishing grounds to support program applications and efforts. Data specific to the study area is imperative in correctly identifying paths for development as well as policy and program development.
View the completed Dakota County Housing Study, here.
