Construction Cost Studies

Novogradac & Company LLP provides services to state agencies to help identify strategies to contain affordable housing construction costs. Services include analysis of trends, comparison of various categories and contrasting low-income housing tax credit (LIHTC) properties with market-rate housing.

Novogradac also has tools to conduct sophisticated analysis of LIHTC properties’ distribution by congressional district, urban/rural, housing type and more. Examples of our construction cost study offerings include:

  • trend analysis of cost components such as land, building, site work, architect fee and developer fee.
  • comparison of various categories such as geographic location, housing type, development size and unit type.
  • comparison of low-income housing tax credit (LIHTC) construction costs to other states and/or market rate housing.
  • evaluation of how qualified allocation plan (QAP) policies relate to construction costs.
  • and more.