Ann Arbor Affordable Housing Development Feasibility on City-Owned Lots

In Ann Arbor, MI, JLP+D collaborated with SmithGroup to produce an affordable housing development feasibility study for two parcels owned by the City of Ann Arbor. JLP+D developed a proforma model capable of analyzing returns and potential property tax revenue for various affordability options including a 9% tax credit deal and a 4% tax credit deal. The City of Ann Arbor tasked JLP+D with exploring several affordable housing scenarios at a variety of Area Median Income (AMI) bands.

JLP+D also produced a market analysis for different development scenarios—residential, office, retail—in Downtown Ann Arbor by evaluating development and demographic trends. JLP+D analyzed data on demand generators, regional and local competition and market absorption trends obtained from brokers, local developers, market reports, and stakeholders.