By Dale Denwalt
Enid News and Eagle
ENID, Okla. —
Enid could support up to 400 new rental units over the next two years, according to a study on the local housing market.
A draft version of the research study conducted by CDS Market Research, says that at a minimum, it is reasonable for developers to build 150 to 200 units immediately. However, the report states, "the market could likely support at least twice this amount" – particularly if they are more affordable homes.
The city could also handle up to 400 new apartments, according to a summary of the draft.
"East Enid, which is adding retail and services, is improving as a community and would be a suitable location for more affordable housing developments," the report states. "That said, any area of Enid could work for a high-quailty affordable multifamily development provided there is community support."
The CDS study also stated that an upscale apartment complex, if opened today, would quickly fill 75 or 100 units.
The final version of the study was released today during a luncheon and annual meeting of the Enid Regional Development Alliance. It was presented by CDS President Steve Spillette.
Look for more in print and online.