SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation...
Transcript of SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation...
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REGIONAL HOUSING SHORTAGE
SUPPLY
• Decrease in rentals (Airbnb / VRBO)
• Conversion to full-time homes to vacation houses
• Retirement in employee housing units
• Increasing rents
• Population and job growth
DEMAND
INTERNAL DEMAND
• Demographic shift
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Clubhouse RVs
+ 40-50 Trailer Coaches
ABC WORKFORCE HOUSING PROJECT
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21 miles
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WHY THE CAMPGROUND PROJECT
1. Own the land
2. No entitlements needed
3. Cost effective
4. Does not create demand for additional housing
5. Flexible investment
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SOME NUMBERS
3 bed unit$110,000 / unit $37,000 / bed** No land / No improvements
Target rent:$450/ bed/ month$1,350/ unit / month** Seasonal Occupancy
TOTAL UNITS: 40NUMBER OF BEDS: 120TOTAL INVESTMENT: $4.5MM
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UNIT LAYOUT
MAIN LEVEL
1 2
3
LOFT LEVEL
TWOLOFTS
ONEBEDROOM
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UNIT
SECTION
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BATH
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BEDROOM
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LOFT
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CO
NT
EX
T
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1. Know your end-user
2. Know your zoning + code
3. Adapt the project to site attributes
4. Seek partnerships
5. Know your community context
6. Pick your battles
LEASONS
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BROADER APPLICABILITY
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SECTION
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6 BED UNIT