City commissions housing study
With little discussion, the Storm Lake City Council Monday approved a housing needs analysis study for the City.
The study is expected to take 60-90 days and will cost over $16,000, to be paid from the capital budget.
According to a brief written report to the council by City Manager Jim Patrick, “The City continues to try to attract housing developers. One of the needed marketing tools is to have a housing needs assessment to demonstrate the need.”
The City, working with the Iowa Lakes Corridor Association, had selected Mayfield Research and Consulting to conduct the survey. The firm will be assigned to determine the market potential for developing different types of rental and owned housing for the period through 2025 based on demographics, employment growth trends and the existing housing supply. It will recommend what types of housing should be pursued both short and long term.
The document can also be used to apply for workforce housing assistance through IEDA, City officials said.
Patrick said the same firm had done a similar study for Estherville, and city leaders there were pleased with the outcome.