Flya w a y Hom es Insanity Is Doing the Same Thing Over and Over - - PowerPoint PPT Presentation

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Flya w a y Hom es Insanity Is Doing the Same Thing Over and Over - - PowerPoint PPT Presentation

Dec 10, 2023 163 likes •318 views

COST-DRIVEN MODEL TO ADDRESS THE CHRONIC HOMELESSNESS CHALLENGE Flya w a y Hom es Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results - ALBERT EINSTEIN STATS OF STATUS QUO SOLUTION There are 1,400 units of

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COST-DRIVEN MODEL TO ADDRESS THE CHRONIC HOMELESSNESS CHALLENGE

Flya w a y Hom es

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SLIDE 2

Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results

  • ALBERT EINSTEIN
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SLIDE 3

STATS OF STATUS QUO SOLUTION

There are 1,400 units of affordable and supportive housing due to open in the next year There are 10,000 units in total in the pipeline It takes over 3 years and costs over $550,000 per person housed to build one development

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The FlyawayHomes Solution

Developing Supportive Housing in 1/3 time @ 1/3 the cost

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SLIDE 5

https://youtu.be/q5UR4FXu6zo

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SLIDE 6

820 W Colden Ave

Total Cost to Develop Formerly Homeless Residents (& 1 resident building manager) Total Active Construction Time Unlevered Yield to Investors (after expenses) $3.85mm 32 9 months 4.34%

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837 W 82nd Street

Total Cost to Develop Formerly Homeless Residents (& 1 resident building manager) Total Est Active Construction Time Unlevered Yield to Investors (after expenses) $4. 5mm 32 9 months 4.52%

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FUTURE DEVELOPMENTS

  • 20,000 SQ FT LOTS
  • 40 2-BEDROOM/2-BATH UNITS
  • HOUSING 80 PEOPLE
  • $165,000 PER BED
  • TOTAL DEVELOPMENT COST
  • $13 MM
  • TARGETED YIELD TO INVESTORS
  • 4-5%
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SLIDE 9

W HO W E A R E

Flya w a y Hom es

A PRIVATE PERMANENT SUPPORTIVE HOUSING DEVELOPER

  • MODULAR CONSTRUCTION
  • SHARED HOUSING LAYOUT
  • REPLICABLE AND SCALABLE MODEL
  • SMALLER DEVELOPMENTS, BUILT BY RIGHT
  • FUNDED WITH PRIVATE INVETMENT DOLLARS
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HO W W E HOUSE PEOPLE

TENANT IDENTIFICATION RENT/SUBSIDY SOURCING ONGOING SUPPORTIVE SERVICES TRANSITION SUPPORT

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The People C o n c e r n

W HO W E A R E

92%

OF THE PEOPLE SUPPORTED BY THE PEOPLE CONCERN ARE NEVER HOMELESS AGAIN

$9,000 COST OF MOVING SOMEONE FROM

THE STREET TO HOUSING

$6,000ANNUALLY TO PROVIDE ESSENTIAL

SUPPORTIVE SERVICES

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W HER E WE A R E G O I N G

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OUR VISION

Together, we could build enough FlyawayHomes developments to solve chronic homelessness by 2028

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C O N C LUS IO N

HOMES (WITH SUPPORTIVE SERVICES) SOLVE (CHRONIC) HOMELESSNESS