Davidson’s Landing Apartment Homes

Tartan Residential closed on a $25.8 million workforce housing development deal on July 22, 2021 – the first of a new class of apartment investments. We started working on this transaction five years ago. We survived COVID. We survived the loss of a key investor last summer. And we survived a $900,000 lumber price spike earlier this year. Yet we still got the deal done.

From the investment banker who worked with us over the past three years to close this transaction: 

“Congratulations Jeff… you are the true definition of tenacity and persistence in my book Sir! What a journey… now go have fun building it!”

I am thrilled to get this deal closed. And I am humbled to have a loyal team of seasoned professionals to work with every day.

The Role of Manufactured Housing in Addressing the Affordable Housing Crisis

If you thought getting workforce housing zoned was hard, just try getting approvals for a new manufactured home community. I know, because that’s what I did in the 1990s. People would rather have a brothel in their back yard than a mobile home park.

From the piece:

“Tacky trailers or the new face of affordable housing? That’s the debate policy-makers and advocates are having across Virginia as they work to figure out what role manufactured units should play in addressing the commonwealth’s affordable housing crisis.”

https://www.nbc12.com/2021/02/15/could-trailers-be-new-face-affordable-housing/

NIMBY Wordplay

Classic NIMBY tactic. Instead of referring to this proposal as a 48-unit affordable housing community, it’s being referred to by opponents as a 300-person apartment complex.

Three observations:
1) “48 units” versus “300-person”
2) “affordable housing” versus “apartment”
3) “community” versus “complex”

This sort of wordplay is really dishonest. If you have a problem with a project, attack it on its merits instead of using word manipulation or rhetoric.

From the piece:

“The uncertainty of what a two or 300 person apartment complex would bring to the area is not something we want to roll the dice on….”

https://www.wtoc.com/2021/02/11/some-concerned-by-port-royal-affordable-housing-proposal/

HousingThink – Episode 21

This is the first episode in a series that looks at the challenges developers face from municipalities and neighborhoods when proposing affordable and workforce housing developments. Jeff Carroll and Phil Erhardt present examples of the most often used arguments against developers. Jeff outlines a successful methodology he has used over the last 20 years to respond to objections.