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APC staff presents updated student‑rental study highlighting affordability, vacancy and voucher shortfalls
Summary
APC staff presented a revised student‑rental study that finds low vacancy in West Lafayette, rising rents outpacing incomes and a large unmet demand for housing‑choice vouchers; staff recommended updating the housing element and cross‑jurisdictional policy work.
APC staff presented an updated student‑rental and housing‑market report during the Feb. 19 meeting, summarizing vacancy trends, permit activity, rent burden by demographic groups, student survey results and voucher demand.
Why it matters: The report details affordability pressures in Tippecanoe County, emphasizes equity issues in who rents, and recommends a new housing element and targeted zoning and policy changes to expand housing options.
Key findings presented by Nathan McBurnett and Margaret Forns:
- Vacancy: West Lafayette’s multifamily vacancy rate…
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