Petaluma Housing Feasibility Analyses

Market Rate - Residential Housing Feasibility analysis

Strategic Economics examined barriers to development of market rate higher-density housing development in Petaluma by analyzing the financial feasibility of four housing development “prototypes.” The analysis examined 1) whether these types of development products are currently feasible in Petaluma, 2) the major factors driving costs and revenues for each prototype, and 3) how potential City policies can enhance the feasibility of the prototypes. The City of Petaluma commissioned this study as part of its General Plan update process to inform decisions regarding City policies that impact housing development.

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Affordable Housing Feasibility analysis

Strategic Economics identified barriers and opportunities for development of new affordable housing in Petaluma based on analysis of affordable housing pro forma financial statements, developer interviews, and concurrent housing studies in Petaluma. This analysis considered housing production trends, financial opportunities and barriers for affordable housing projects, and the ways in which Petaluma’s regulatory, permitting, and approval processes impact new housing production. The City of Petaluma commissioned this study as part of its General Plan update process to inform City staff and decision makers’ considerations of policies impacting affordable housing production.

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