The City of Rockford contracted for this study to help elected officials, City staff, stakeholders and community members develop a meaningful sense of the housing market, an understanding of key housing issues and how they will impact the city over the next ten years. This study began in the fall of 2023 and culminated with the development of implementable strategies for growing the existing housing supply and policy change recommendations.
This housing needs and market assessment has been created to provide leaders with a solid understanding of:
- Functions of market demand (population, employment, and income growth)
- Inventory of existing housing supply
- Demand forecast
- Gap analysis for the next 10 years
- Housing Affordability
This study shares the current context and outlines many activities to significantly improve the housing landscape in the City of Rockford.