crisis housing solutions new concept in affordable housing...
TRANSCRIPT
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Crisis Housing SolutionsNew Concept in Affordable Housing Construction
Crisis Housing Solutions4700 SW 64th Avenue – Suite C
Davie, FL 33314-4433(954) 587-0160
www.crisishousingsolutions.org
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SITUATION: Florida is theepicenter for the nationalaffordable housing crisis!!
• Over 1/3 of renters spending over 50% of income onhousing.
• High land prices driving developer focus to luxury rentals.• Home ownership also out of reach for many LMI buyers
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THINKING OUTSIDE OF THE BOX…WITH A BOXNEW CONCEPT IN AFFORDABLE HOUSING:
REPURPOSED STEEL-FRAME HOUSING
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Vancouver, British ColumbiaOneesan Container Housing Project
Detroit, MIThe Detroit News 3/10/16
Vancouver, British ColumbiaOneesan Container Housing Project
Detroit, MIThe Detroit News 3/10/16
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Open Spaces: Views from of a Dallas LuxuryShipping Container Home in Texas
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Genesis of an idea…
Keetwonen Student Housing,Amsterdam
Pllek, Amsterdam
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After some preliminary due diligence, this “new”concept informally presented to JPMorgan Chase Bank.
• Chase provided funding for formal feasibility study.• Feasibility study components . . .
• Domestic & international developer meetings• Onsite research in Amsterdam, Utrecht & London• Architectural services• Formal feasibility study by Meridian Appraisal Group
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FEASIBILITY STUDY: Stephen BenderArchitect and Principal at bndr, llc.,
Adjunct Assistant Professor
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FEASIBILITY STUDY: Meridian Appraisal Group
• Highly recommended Florida appraisal firm. Done 100’s of studies forcommercial developers and government agencies.
• Study focused on Broward and Orange Counties• Five (5) Primary Market Areas preselected for study within each
county• Broward County
• Davie, Ft. Lauderdale, Hollywood, Dania Beach, & Unincorporated Broward• Orange County
• Parramore (highest probability), Eatonville, Avalon Park, Little Lake Bryan & NorthWinter Park
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FEASIBILITY STUDY: Meridian Appraisal Group (continued)
Construction Cost Focus: Container vs. Conventional ConcreteBlock
• Building Types:• Urban, High Density Multi-Family (50 units)• Single-Family: 2 bedroom/2 bath & 3 bedroom/2 bath
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Shipping Container – Affordable HousingProject Advisory Committee
Dr. Sherry Ahrentzen, Ph.D.Shimberg Professor of Housing StudiesUniversity of Florida
Marcia Barry-SmithPresident/CEO, MBS Consulting ServicesBroward County, Florida
Angela BauldreeFiscal & Compliance Manager,Broward County, Florida
Brian DillonChief Building OfficialTown of Davie, Florida
Mark EngelArchitectDavie, Florida
Armando FanaDirector, City of West Palm Beach Housing Department
Jeffrey KissPresident, Kiss & Company, Inc.(Financial & real estate development consulting for affordablehousing)Winter Park, Florida
Ismael MartinezDirector, Family Services AdministrationBroward County Human Services
Giovanni MossDirector, Office of Community DevelopmentTown of Davie, Florida
Bill O’DellDirector, Shimberg Center for Housing Studies
Jaimie RossPresident, Florida Housing CoalitionAffordable Housing Director, 1000 Friends of Florida
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FEASIBILITY STUDY:International Meetings/Netherlands & London
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Student Housing
KEETWONEN: 1000 ISO units student housing, Amsterdam. TEMPOHOUSING Global
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KEETWONEN, Amsterdam. TEMPOHOUSING Global
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Student Housing
KEETWONEN, Amsterdam. Meke, student/resident
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Cladding Samples – TEMPOHOUSING, Amsterdam
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Rathskeller – KEETWONEN, Amsterdam
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Quinten – Managing Director, TEMPOHOUSING
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Workforce Housing - Amsterdam
TEMPOHOUSING
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Diemen Student Housing – 250 Units
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BOXPARK Shoreditch – Opened in 2011 by Founder & CEO Roger Wade
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BOXPARK – 2 Story Mall
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BOXPARK – Outdoor Apparel & Supplies Shop
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BOXPARK – Dining & Entertainment
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Container City – Mixed Use
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Elevator & Stairwell
Container City, London
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Container City, London at Trinity Buoy Wharf
Clipper House
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Scenes from around the country…
Gainesville, FL
Boston, MA
Vegas
Washington, DC
Michigan
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Veteran Housing for the Homeless, CA
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Potter’s Lane, CA
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Repurposing Off-Site
Greater Efficiencies:• Cost Reductions• Time saving• Fewer site disturbances• Quality control• Less construction waste
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FEASIBILITY STUDY: Meridian Appraisal Group(continued)
Key Conclusions:
• Construction cost savings:• Multi-Family / 50 units: 15%• Single Family: 2B/2B: 5%• Single Family: 3B/2B: 9%
• All Primary Market Areas have literally thousands of LMI renters thatwould benefit from reduced costs.
• There is a significant “under-supply” of affordable rental housing in allPrimary Market Areas.
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• The study construction costs assumed no leveraging of CHS non-profitstatus for reductions or savings.
• Potential Non-Profit Savings:• Donated or discounted land• Property tax abatement• Donated or discounted shipping containers• Waived impact and/or permit fees
• Public-Private Partnerships• Community Collaboration!
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Who will benefit from ShippingContainer Housing?
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Millennials
Students
Veterans/ Active Duty Military
Seniors
Workforce
Affordable