Local Economic Impact of a Particular Construction Project Input Requirements Form

Published May 25, 2021

Contact: Na Zhao
[email protected]
Principal Economist
(202) 266-8398

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For a fee, ��㴫ý produces customized studies that analyze the local (metro, county not part of a metropolitan area or state) impact of building homes in a specific city, county, metropolitan area, or state. The form below shows most of the customer provided information ��㴫ý economists need to run the customized models and produce a study.

Turnaround time is two weeks after the customer agrees to pay the fee and provides the input information in its final form. Finalizing the inputs typically causes some delay.

If you submit the electronic form, ��㴫ý Housing Policy Economist, Na Zhao will contact you about the fee and any questionable items on form. You may find it easier to contact Na before attempting to fill out the form: 1.800.368.5242 extension 8398, [email protected].

GENERAL

Name and Address of Form Submitter Phone Number of Form Submitter Email of Form Submitter Name of project Brief Description of Project Name and Number of State or Local HBA Where is the construction located? (Name of MSA or non-metro county) Do builders and subcontractors pay local sales tax when purchasing construction materials? (Local sales tax does not include state sales tax.)

yes no

If yes, what is the rate (percentage)?

SINGLE-FAMILY CONSTRUCTION

Number of homes to analyze (May be actual number of homes built, or a round number like 100)

Average selling price Value of raw land per unit (Value of appropriately zoned land only; no site preparation)

Permit/hook-up/impact/other fees per unit (Should include all construction-related fees paid to local government)

One-time Capital Improvements (Total dollar amount of one-time capital improvements incurred by developer on behalf of the local government, i.e. off-site roads, water treatment, education, etc.)

Property tax (Dollar amount per home or percentage)

Assessment ratio (Assessed value - for property tax purposes - divided by market value, should be less than or equal to one)

Homestead exemption (Generally a dollar amount, often it is zero)

Estimated Income of Household (Dollar amount per household. The model will generate an estimate if the input is not provided by the developer.)

MULTIFAMILY CONSTRUCTION

Number of housing units to analyze (May be actual number of units built, or a round number like 100)

Average selling price per unit Value of raw land per unit (Value of appropriately zoned land only; no site preparation)

Permit/hook-up/impact/other fees per unit (Should include all construction-related fees paid to local government)

One-time Capital Improvements (Total dollar amount of one-time capital improvements incurred by developer on behalf of the local government, i.e. off-site roads, water treatment, education, etc.)

Property tax (Dollar amount per home, or percentage)

Assessment ratio (Assessed value - for property tax purposes - divided by market value, should be less than or equal to one)

How many units are condos (Intended for owner occupancy)

Homestead exemption that applies to condos (Dollar amount or percentage. Generally a dollar amount, often it is zero)

How many units are age restricted (Typically the age restriction is 55+)

Estimated income of owners (Dollar amount per household. The model will generate an estimate if the input is not provided by developer.)

Estimated income of renters (Dollar amount per household. The model will generate an estimate if the input is not provided by developer.)

What is the estimated rent (Monthly dollar amount per unit. The model will generate an estimate if the input is not provided by developer.)

If the Submit button is grayed out, please make sure that all required fields are filled in.