Let's Fill It In: Opportunities for Infill Development Chris - - PowerPoint PPT Presentation

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Let's Fill It In: Opportunities for Infill Development Chris - - PowerPoint PPT Presentation

Feb 14, 2023 98 likes •594 views

Let's Fill It In: Opportunities for Infill Development Chris Nicely, Next Step Homes, LLC (Moderator) Jen Hopkins, New Hampshire Community Loan Fund Clemente Mojica, Neighborhood Partnership Housing Services, Inc. Chris Nicely,

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Let's Fill It In: Opportunities for Infill Development

  • Chris Nicely, Next Step Homes, LLC (Moderator)
  • Jen Hopkins, New Hampshire Community Loan Fund
  • Clemente Mojica, Neighborhood Partnership Housing

Services, Inc.

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Chris Nicely, CEO Next Step Network c.nicely@nextstephomesus.org 865.385.9675

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The American Dream is a Promise

Housing Act of 1949 (42 USC §§ 1441–1490r [1994]), stipulates the “realization as soon as feasible of the goal of a decent home and suitable living environment for every American family.”

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Average New Home Sales Price

  • $377,200 (Census Bureau; Sept 2018)

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AFFORDABLE?

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Affordable Housing Crisis

  • Urban
  • Availability of multi site land
  • Developer interest
  • Scattered lot – oversight nightmare
  • Independent builder can’t find skilled labor
  • Suburban
  • Developer interest in affordable
  • Land re-use where manufactured housing communities had

been

  • Re-development/preservation of communities with ROC, Coops,

and non-profit ownership

  • Investor interest
  • capital

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Home Ownership Rates

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64.4% is the one of the lowest in the last 25 years (1984), and in 2016 we hit ownership rates of 62.9%, the lowest since 1965,

  • ver 53 years ago
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Urban Infill Housing Opportunities

The Brookings Institute reports* that in 70 cities surveyed, up to 15% vacant land exists, with an average

  • f 2.63 abandoned structures per 1,000 inhabitants.

Empty lots in a community:

  • Attract crime, blight and vagrancy.
  • Generate little or no tax revenue for a municipality.
  • Reduce the vibrancy of neighborhoods.
  • Impact the value of surrounding homes.

Factory-built homes provide an innovative solution for communities looking to have sustainable, affordable housing opportunities.

*https://www.brookings.edu/wp-content/uploads/2016/06/paganofinal.pdf.

Next Step Network

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Community/Neighborhood Impact

  • No or low tax

revenue generation

  • Attracts crime
  • Attracts blight
  • Negatively impacts

the value of surrounding homes

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Progressive Municipalities Embracing Factory Built

  • Urban infill
  • Scattered lots
  • MH community re-development
  • Repair
  • Replacement
  • Infill

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Factory Built Advantages

Factory-built homes offer significant time and cost savings:

  • Materials purchased in bulk.
  • Controlled construction environment.
  • No weather delays.
  • Constructed by skilled tradespeople.
  • Rapid completion of home on-site.
  • Each home independently verified by

third party.

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Commitment to Green, Energy-Efficient Housing

ENERGY STAR-rated homes significantly reduce monthly utility costs for homeowners:

  • ENERGY STAR Low E Windows
  • Programmable thermostats
  • Mastic sealing throughout
  • High efficiency heating/cooling equipment
  • Low flow shower heads, faucets
  • Low VOC Paint
  • Floor coverings using recycled materials
  • Compact fluorescent light bulbs
  • Less material theft and waste
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La Grange, Texas

Next Step partnership with BCL of Texas and the City of LaGrange, Texas.

  • Working to provide infill housing in

rural communities for moderate- income home buyers.

  • Three-bedroom, two-bath modular

homes – built by Clayton Homes – priced from $149,000 to $165,000, including the lot.

  • Two homes placed – more in the

pipeline.

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Tampa Bay, Florida

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New Orleans, Louisiana (Lower 9th Ward)

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Grayson, Kentucky

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Cincinnati, Ohio

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Phoenix, Arizona

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Knoxville, Tennessee

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Gulf Port, Mississippi

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Chris Nicely, CEO Next Step Network c.nicely@nextstephomesus.org 865.385.9675

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Jen Hopkins, Director of Single-Family Housing NH Community Loan Fund jhopkins@communityloanfund.org

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Opportunity is our mission.

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127 resident-owned communities

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300 Infill Opportunities

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Rock Rimmon Cooperative

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Veterans FIRST

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Skyline Home

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Infill Home Financing Tools

  • One-closing

Construction Financing

  • Federal Home Loan

Bank AHP

  • Down Payment

Assistance

  • Revolving Line
  • f Credit
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“I can be a respectable part of a community … I’m not a second-class citizen.”

Dawn & Gary T., Breezy Acres Cooperative, Epsom

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Jen Hopkins, Director of Single-Family Housing NH Community Loan Fund jhopkins@communityloanfund.org

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Clemente Mojica, President Neighborhood Partnership Housing, Services, Inc. (NPHS) Clemente@nphsinc.org

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Transforming Scattered, Vacant Lots Into Affordable Homeownership Opportunities Using Factory- Built Housing

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The Inland Empire

 Two county region with a population over

4.58 million people

 Comprised of suburbs and old downtowns  Desert and country elements  The 1995 housing boom converted dairies

and agricultural areas into suburbs

 Median home price is $350,000 compared to

the state median of $600,000

 Median household income $56,600 compared

to the state median $68,000

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Challenge: With the cost of residential construction skyrocketing, how can we make scattered infill developments sustainable and scalable to create more green, affordable homes?

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Opportunity: The Inland Empire has thousands

  • f scattered vacant lots, in most cases blighted,

that can be redeveloped into homeownership

  • pportunities for low and moderate income

families.

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Scattered Site Infill Opportunity

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Villa del Sol Modular Development: Building a Track Record

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Manufactured Housing Campaign

 Identify product: 3/2 homes with attached porch and garage 1,400 –

1,500 square feet

 Establish relationships with manufacturers and retailers and negotiate

pricing

 Educate local government, housing agencies and elected officials on

the benefits of manufactured housing

 Create relationship with municipal housing agencies  Identify and structure financing  Select qualified contractors to develop onsite improvements  Create marketing and educational materials  Partnership with Next Step

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City of San Bernardino Infill Development Partnership

 City of San Bernardino has over 150 vacant lots  NPHS received a CHDO grant to develop 3 homes for phase 1  Homes for families at 80% of the AMI  City providing 20% of purchase price in DPA  Purchase price from $240,000 - $270,000

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Single-Family Infill Cost Comparison

Onsite Construction

 Total development cost

including all onsite improvements: $390,000

 Cost per square foot: $271

Factory-Built Home

 Total development cost

including all onsite improvements: $298,000

 Cost per square foot $207  23.5% less to develop

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Lessons Learned

 Appraisals  Identifying lender and first-mortgage financing product  Understanding HOME financing  Working in weak real estate markets and distressed neighborhoods  Local government financing and approval process  Construction cost increases  Manufactured home misconceptions

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Manufactured Housing Opportunities

City of Riverside Homeless Housing Proposal County of Riverside Homeownership Proposal

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Clemente Mojica, President Neighborhood Partnership Housing, Services, Inc. (NPHS) Clemente@nphsinc.org

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Chris Nicely, CEO Next Step Network c.nicely@nextstephomesus.org 865.385.9675 Jen Hopkins, Director of Single-Family Housing NH Community Loan Fund jhopkins@communityloanfund.org Clemente Mojica, President Neighborhood Partnership Housing, Services, Inc. (NPHS) Clemente@nphsinc.org

THANK YOU!