CommunityScale is excited to announce the kickoff of a comprehensive housing market analysis project that is part of the Route 79-Davol Street Corridor Improvements project and master planning process aimed at transforming Fall River’s waterfront and housing market.
Complementing this infrastructural development, CommunityScale’s housing market analysis is a strategic effort to understand and address the evolving housing needs in the area. The analysis begins with a comprehensive review of existing housing-related planning documents. This step is crucial for setting clear objectives and aligning the analysis with these goals. The project then moves into a detailed data analysis phase, focusing on developing a comprehensive community profile, a refined housing preference model, and targeted demand projections. This phase is characterized by the use of both national datasets and local city-specific data to ensure precision and relevance.
The analysis further aims to establish well-defined housing production targets. This involves a multifaceted examination of the housing market, focusing on affordability challenges, demographic changes, and regional market opportunities. The goal is to create a strategic balance that meets the community’s needs while capitalizing on market potential.
In parallel, CommunityScale is conducting a thorough audit of existing zoning regulations and undertaking a baseline site data inventory and mapping. These efforts are integral to creating a comprehensive approach that supports vibrant, equitable, and sustainable urban development in Fall River.
For more detailed information about the Route 79-Davol Street Corridor Improvements project, you can visit the Massachusetts Department of Transportation’s official page.