![]() However, in the Holland area as a whole, there is more demand for rental housing than there is supply, with a 528-unit shortfall, according to McKenna's calculations. The study found the township does not have enough stock of owner-occupied housing, estimating there is a demand for 10,358 units with only 9,704 units available (either already owned and occupied or marketed to homeowners), while there is an oversupply of rental housing compared to demand, with a demand of 4,155 rental units and 4,693 units for rent. More: Housing crunch, long waits for those in crisis More: Holland passes 'pioneering' zoning law More: Low income housing, single-family homes remain focus in Holland Compared to the rest of the greater Holland-Zeeland area, which is 68 percent single-family homes, a smaller proportion of the township's housing stock is single-family homes. The township's housing stock is 57.8 percent single-family homes, 13.1 percent townhouses/duplexes, 14.4 percent small multi-family buildings, 6.7 percent large multi-family and 8 percent manufactured housing. The report also identified single-family homes, especially those affordable to first-time homebuyers, as a gap in the market where there is growing demand but not enough being built. Housing demand was determined by demographic trends, including the ages of heads of household in the township and how those households will age over the next two decades, and desired living situation of those households. That yearly growth is slightly ahead of the projected demand for housing in Holland Township - 2,644 new housing units by 2030. According to the study, performed by planning consultant McKenna, that represents the fastest growth period in the township since the 1990s. The study confirmed the township has seen rapid growth in the past several years, building an average of 309 new housing units per year from 2019 to 2022 and 1,237 total units either built or approved to be built in the past four years. is growing fast, but so is demand for housing The moratorium blocks any new housing developments in areas that are not already planned for residential development in the township's Comprehensive Plan. Last summer the township board, concerned with the volume and pace of housing developments being proposed and approved in the township, imposed the moratorium to make time for the housing study and gather data about the housing needs of the township. Township officials used the results of this study Thursday to vote to keep in place a moratorium on zoning changes for housing developments in the township. Holland Township is growing, and with it is growing housing demand.īut a study of township housing needs, paid for by the township government, showed the pace of housing development is on track, and slightly ahead, of projected demand for the next 20 years.
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