Study suggests potential housing development in county – News – The Daily Telegram – Adrian, MI

ADRIAN — Lenawee County’s housing needs are being met by the variety of available places to live, county commissioners were told Wednesday.

“There aren’t any gaps in the market,” David Adamescu of the accounting firm Novogradac & Co. LLP said during a presentation of a housing needs assessment performed earlier this year.

The firm did make recommendations, however, on the kinds of new housing it thinks different parts of the county could support.

The county hired Novogradac, based in San Francisco but with offices nationwide, in January for $5,000 to do the assessment and target market analysis to replace the previous study, which was done in 2003.

The updated study was needed, Adrian Downtown Development Authority and Economic Development Coordinator Chris Miller told the commissioners. He said it will be useful in discussing potential projects with developers and in seeking grant funding.

Adamescu said the county asked his firm to look at the housing stock in the four cities of Adrian, Hudson, Morenci and Tecumseh; the villages of Blissfield and Clinton; and Adrian, Cambridge, Madison, Raisin, Rollin and Woodstock townships. Those townships are the county’s most populous, based on the 2010 census.

The firm then divided the county into six submarkets roughly organized around Adrian, Tecumseh and the four corners of the county and looked at trends in employment, population, income and number of households; commuting patterns; age of existing housing stock; historical sales data; and rental housing, including rents and types of existing units. Adamescu also said they identified active, new residential construction in the county and looked at construction costs.

From examining that data, the firm developed recommendations for what kinds of new housing each submarket could support:

Single-family houses in Cambridge, Rollin and Woodstock townships. It said 20 to 40 houses at a…

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