Mt. Rainier Affordable Housing Group University of Washington - - PowerPoint PPT Presentation

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May 22, 2023 192 likes •318 views

Mt. Rainier Affordable Housing Group University of Washington Project Goals Provide affordable family housing Encourage equitable transit-oriented development Explore how to achieve cost efficiencies Rainier Beach, Seattle Rainier

SLIDE 1

Mt. Rainier Affordable Housing Group

University of Washington

SLIDE 2

Project Goals

Provide affordable family housing
Encourage equitable transit-oriented

development

Explore how to achieve cost efficiencies

SLIDE 3

Rainier Beach, Seattle

SLIDE 4

Rainier Beach Demographics

3+ People 38%

Family Size

Earn Below 40% AMI 29%

Household Income

Rent Burden ed 83%

Rent Burden of Families

SLIDE 5

4849 Henderson: The Site

Rainier Beach Community Center

Link Light Rail

SLIDE 6

Design

SLIDE 7

Advantages of Modular Construction

Controllable Costs
Consistent and replicable quality
Labor savings
Reduces schedule from eleven to eight

months

SLIDE 8

Modular Construction Costs

40,000 Apartments in pipeline Modular costs holding as traditional costs rise in Seattle

Modular ¡Costs ¡ Tradi.onal ¡Costs ¡

TODAY ¡

SLIDE 9

Creating Scalable Seattle Solution

Allows for buildings on

narrow infill lots typical in Seattle

Makes staging of materials

easier

Less impacts on community

¡ ¡

SLIDE 10

Funding Resources

SLIDE 11

Providing 8 HUD Subsidized Units = $67,306 additional income for services

SLIDE 12

Development Timeline

Construction

5/2014 4/2017

Permitting

Predevelopment Loan (7/2014) Permits (10/2015)

Financing

1st Application (1/2015) Closing (2/2016) Construction starts (5/2016) Construction completes (1/2017)