I’m trying to model the impact of a mixed-use development site. The analysis is focused on demonstrating the impact of providing additional residential housing to the local economy. The site would provide 25 new units of affordable housing, with an average household income of set at 80% of median household income. Based on some of the previous posts, I think this means the analysis should report the induced effects of these 25 new households. (It is assumed that the new residents would be coming from outside of the study area, rather than relocating within the region.) Can anyone advise on whether the activity should be a household income change or an institutional spending pattern? I’m also seeking suggestions on what the associated level changes should be under each approach.
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