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Each state housing finance agency’s Qualified Allocation Plan (QAP) establishes its own requirements in terms of market feasibility studies. QAPs vary in terms of types of data and analyses required, methodologies to be utilized, and presentation format. In conducting these studies, RPRG carefully addresses the requirements of the state in which the project is to be located. RPRG prepares market feasibility studies addressing general occupancy, age restricted, and special needs tax credit rental projects. Clients for these studies include: Tax Credit Developers: RPRG works with tax credit developers to help tailor their rental communities to the market and assess demand for their products. Often, analyses are conducted in two phases – a product position analysis followed by a market feasibility analysis. RPRG also assists developers in creating strategies for repositioning properties with expiring State Housing Finance Agencies: RPRG works with an increasing number of state housing finance agencies that retain market analysts to evaluate proposed projects for which Low Income Housing Tax Credits are sought. Local Agencies: As they reposition their assets to become more self-supporting, RPRG works with local housing and economic development agencies to help identify opportunities to develop appropriate tax credit and mixed-income housing.
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tax credits.
