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WORKFORCE HOUSING

SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

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Page 1: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

WO

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Page 2: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

REGIONAL HOUSING SHORTAGE

SUPPLY

• Decrease in rentals (Airbnb / VRBO)

• Conversion to full-time homes to vacation houses

• Retirement in employee housing units

• Increasing rents

• Population and job growth

DEMAND

INTERNAL DEMAND

• Demographic shift

Page 3: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

Clubhouse RVs

+ 40-50 Trailer Coaches

ABC WORKFORCE HOUSING PROJECT

Page 4: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

21 miles

Page 5: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

WHY THE CAMPGROUND PROJECT

1. Own the land

2. No entitlements needed

3. Cost effective

4. Does not create demand for additional housing

5. Flexible investment

Page 6: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

SOME NUMBERS

3 bed unit$110,000 / unit $37,000 / bed** No land / No improvements

Target rent:$450/ bed/ month$1,350/ unit / month** Seasonal Occupancy

TOTAL UNITS: 40NUMBER OF BEDS: 120TOTAL INVESTMENT: $4.5MM

Page 7: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

UNIT LAYOUT

MAIN LEVEL

1 2

3

LOFT LEVEL

TWOLOFTS

ONEBEDROOM

Page 8: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

UNIT

SECTION

Page 9: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population
Page 10: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population
Page 11: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population
Page 12: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

BATH

Page 13: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

BEDROOM

Page 14: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

LOFT

Page 15: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

CO

NT

EX

T

Page 16: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population
Page 17: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population
Page 18: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population
Page 19: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population
Page 20: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population
Page 21: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population
Page 22: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

1. Know your end-user

2. Know your zoning + code

3. Adapt the project to site attributes

4. Seek partnerships

5. Know your community context

6. Pick your battles

LEASONS

Page 23: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

BROADER APPLICABILITY

Page 24: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

SECTION

Page 25: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

6 BED UNIT

Page 26: SING€¦ · • Decrease in rentals (Airbnb / VRBO) • Conversion to full-time homes to vacation houses • Retirement in employee housing units • Increasing rents • Population

PHILIP JEFFREYSPROJECT MANAGER | PLANNING & DEVELOPMENT

ASPEN SKIING [email protected]