Residential Services

VSI provides market analyses for every type of residential alternative. Because our studies are often included with state or HUD applications, it is critical that our studies meet the required guidelines. We routinely monitor and review market study guidelines and maintain constant communication with our clients to ensure that our studies meet and exceed their expectations.

VSI also offers preliminary analyses, which show preliminary support levels and can assist a developer in formulating a product. The preliminary analysis is often a first-step to help a developer decide if he should even enter a market.

Through detailed field research and extensive evaluation of age- and income-qualified households, we can provide reliable conclusions and recommendations for the feasibility of any residential project.

Tax Credit/Section 42 Apartments

Since 1986, the Low-Income Housing Tax Credit (LIHTC) IRS Section 42 Affordable Housing Program has facilitated financing for several hundred thousand affordable, high-quality rental housing units for income-qualified households, many of whom use LIHTC housing as a step up from public housing or other subsidized situations, on their way to market-rate rental housing or home ownership.  Read More

HUD 221(d4)

New construction projects and existing developments may be built/renovated, refinanced and insured under a variety of programs offered by the Department of Housing and Urban Development (HUD). VSI consults with housing authorities nationwide concerning HUD-subsidized housing development, redevelopment and marketability. Read More

Rent Comparability Studies

A Rent Comparability Study (RCS) must be submitted with a Section 8 contract renewal. Because the RCS is submitted to HUD, it must meet specific requirements and guidelines. The Rent Comparability Studies are prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) and the supplemental standards of HUD Chapter 9. Read More

USDA Section 515 Rural Development

The USDA offers a variety of assistance programs for the development of single-family and multifamily housing. VSI has extensive knowledge of the Rural Development Section of the 515 multifamily rental program, and has completed a number of feasibility studies for project construction and renovation using this financing program. Read More

USDA Section 514/516 Farm Labor Housing

The U.S. Department of Agriculture (USDA) Section 514/516 Farm Labor Housing Program provides low-interest loans and grants to public or nonprofit agencies or to individual farmers to buy, build, improve, or repair housing for farm laborers. Read More

Tribal/Native American Housing

VSI provides several different consulting services for Native American tribal housing officials. They include, but are not limited to, market feasibility studies, housing needs assessments and student housing studies. Read More

Market-rate Apartments

Developers of market-rate, multifamily projects benefit from our extensive analytical experience in rental housing markets. While VSI focuses on the performance of the most comparable properties in each market, we also provide a comprehensive view of the overall rental market. Read More

Student Housing

Today's college students have more disposable income than ever before; consequently, they and their parents expect well-appointed student housing. The type of student housing required is typically dictated by particular trends within the academic institution. Read More

Housing Authority Portfolios

VSI can examine one property or all properties in a housing authority's portfolio to determine each property's current and long-term marketability. Read More

Condominiums

Condominiums and patio homes have become a viable housing choice attracting a divergent cross section of buyers. Start-up households and empty nesters increasingly look to condominiums and patio homes to satisfy their housing needs. Read More

Single-family Housing

The market for single-family homes is as diverse as the many types of developments and locations that exist. Single-family home developments run the gamut from small urban infill projects to estate lots, within burgeoning suburban areas.  Read More