Demographics & Mapping -Novogradac & Company LLP2008 NCAHMA Annual Meeting
Hyatt RegencyChicago, Illinois
September 22-23, 2008
Presented by:Rebecca Arthur, Principal
Novogradac & Company LLPOverland Park, KS 66204(913) 262-3500www.novoco.com
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Part 1
Internal Business Solutions with ESRI Business Analyst
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• Demographics within a Market Study are used to Analyze/Compare:– Primary Market Area (PMA)– Secondary Market Area (SMA)
• Usually the Metropolitan Statistical Area (MSA)• County is often used in rural areas
– Comparison to the State or the USA• ~500 individual demographic variables used for each market area
– Core set makes up the basis for every report– Many clients require supplemental information
Intro
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• Analyst submits their estimated PMA– Usually a boundary
drawn in Microsoft Streets & Trips
• PMA is recreated in ArcGIS at a higher detail level
• Data is generated and imported into Excel for demand analysis
Setup
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• Fully Automated Process– Run all reports once with
process flow designer (Model Builder)
– Data is imported with VBA into a standardized Excel input sheet
Execution
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Execution
• Output– Completed Excel
workbook with demographic data linking into
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• GO Zone DDAs
Custom Mapping Products
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• AMI Analysis
Custom Mapping Products
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• QCT Maps
Custom Mapping Products
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Part 2
Customer Facing Services with ESRI ArcWeb Services
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• Back to Market Studies– Comparables analysis
• Survey data is collected from surrounding properties• Data is stored in an internal database
– Qualified Census Tract (QCT) lookup– Demand Analysis
• Expected demand based on income-qualified renters
http://compsmart.novoco.com
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• CompsMART+® — a new, web-based Comparable Market Analysis and Research Tool designed for housing professionals looking for timely and accurate rental market information.
http://compsmart.novoco.com
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• Location and search radius are selected
• Additional criteria is specified to narrow search
http://compsmart.novoco.com
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http://compsmart.novoco.com
• Results are displayed on the map• Markers expand to reveal key characteristics
• List view allows for easy browsing of results
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http://compsmart.novoco.com
• Quickly identify Qualified Census Tracts (QCTS)
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http://compsmart.novoco.com
• Allows for drawing new search areas• New results are narrowed to custom study area
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http://compsmart.novoco.com
•Free ‘Quick Facts’provide key market indicators•Additional demographic reports available
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http://compsmart.novoco.com
Compsmart Questions or Inquiries – Contact Info
Evan CaldwellGIS Manager
Novogradac & Company [email protected]
4520 East West Highway, Suite 615 Bethesda, Maryland 20814
Tel: (240) 235-1701
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? QUESTIONS ?
www.taxcredithousing.com
www.novoco.com
http://compsmart.novoco.com
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