Cisco Housing Study

Thank you for your comment! In our analysis, we used a standard 10% vacancy rate, which is why we did not directly factor in remodeling of vacant homes. However, community feedback could support lowering the target vacancy rate. Current vacant units could be potentially rehabilitated. At the same time, it is important to keep a reasonable vacancy rate, around 6-7%, to allow residents flexibility to move within the community and to accommodate seasonal or recreational homes. If the community prefers a lower target vacancy rate, prioritizing the rehabilitation of existing vacant homes could become a stronger focus before pursuing new housing development, but some new development may still be required.

Thank you for your comment! Rehabilitation is an option that can be considered. Feedback will also be considered for population growth, so this number has the potential to be adjusted. If growth remains slower, the number of new homes needed could be less than originally projected, and rehabilitation could help meet some of that need. Choosing rehabilitation over new construction would reduce the demand for additional infrastructure.