Workforce Housing: Putting the Pieces Together & Making The Numbers Pencil

Many builders emphasize that the cost of land, materials, labor, and applicable governmental mandates, prohibit the feasibility of affordable homes as a profitable business model. How can this problem be solved?

• What kind of margins/returns are you shooting for?
• Issues around size, density, parking, apartment size and unrelated people living together
• Government support and hindrances
• An operational intensive asset… Identifying inefficiencies in the current operations? How much more does it take vs. other residential?
• Which amenities make the landlord ROI in the workforce market?
• Available financing from not-for-profits, governments and impact investors
• How are you designing to market needs?
• What features that can be eliminated, made multifunctional or economically designed for workforce housing?
• Bringing down the cost with scale and density; smaller dwellings, mixed-use environments, shared amenities, and public areas
• Using different ways to finance a deal to make it worthwhile for the GP while still giving a good return to investors