1. WHAT’S REALLY HAPPENING
MULTI-FAMILY HOUSING
WHAT’S REALLY HAPPENING

2. Is There a Bubble Forming?

3. Development Trends

4. Who and Where: Demographics: Who’s being targeted now?
Who should be targeted next?
Locations:
What’s Hot and will stay Hot?
What’s Hot and will get Cold?
What’s Cold and will get Hot?
What’s Cold and will stay Cold

5. What: Unit sizes Unit features Project amenities Parking Lease terms
Incentives

6. How: Land availability Land prices Construction costs Material costs
Permitting time & certainty
Construction financing
Biggest hurdles

7. Affordable Housing

8. What is HALA?

9. What does HALA stand for?
Housing Affordability and Livability Agenda
Goal = create 50,000 new homes in 10 years
30,000 market rate units
20,000 affordable units
6,000 of the affordable units to come from MHA

10. Mandatory Housing Affordability
What does MHA stand for?
Mandatory Housing Affordability
Policy to ensure that growth brings affordability
Increases development capacity, often an extra floor
New development contributes directly to affordable housing
Either build affordable homes on site, or
Make a payment to the City
City uses payments to fund affordable housing
Affordable is up to 60% of the area median income (AMI)
$37,980 for an individual, $54,180 for a family of four.
MHA to create 6,000 affordable homes in 10 years.

11. Median Incomes By Job Type

12. Median Incomes By Job Type

21. The Parsonage

22. The Parsonage

23. Cora

24. Cora 24

25. Cora

26. Cora

27. Cora

28. Cora

29. Cora

30. Cora