So today was a really big day for my workforce housing design team.
About 8 years ago we began experimenting with structural insulated wall panels in workforce housing.
We began with an easy design – a one-story duplex building – and tallied up the costs/benefits of building with panels over traditional stick-built framing. What we learned was this: By spending a little more on the panels (about $4,000/unit) we were able to attract $11,000/unit of capital waiting on the sidelines to invest in ENERGY EFFICIENT workforce housing.
So we began tinkering with a more complex design – a three-story walk-up garden apartment building. Our team came up with a design that ended up attracting over $19,000/unit of capital for the first of these projects: Davidson’s Landing in Kansas City.
Today we set our first panels at Davidson’s Landing. Our construction guys make it look easy, but trust me – A LOT of coordination and hard work went into planning this.
Cheers to my workforce housing design team. You rock!!!
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.
In this episode, Jeff Carroll and Phil Erhardt explore the objection that a proposed multifamily community will adversely affect public utilities, including stormwater, sanitary sewer, and domestic water systems. Jeff presents unique solutions to this objection.
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.”
Semantics play a big role in the opposition to affordable housing. In this episode Jeff and Phil discuss a news story about the recent rezoning in a South Carolina community. Jeff will also discuss how he handles green or open space objections.
Communities often use school overcrowding as a reason to reject affordable & workforce housing development proposals. In the second episode of our Impact Analysis series, Jeff Carroll and Philipp Erhardt explore ways to address this objection.
This is generally the first objection neighbors use when an Affordable or Workforce housing development is proposed for their area. Jeff Carroll and Philipp Erhardt discuss strategies for dealing with this objection.