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Updated almost 2 years ago,
Multi Family Workforce Housing New Construction
I am looking to put together a team to develop multi-family workforce housing in the Hudson Valley and Berkshires. As a vacation and second home destination, this area struggles with rising home prices and few rentals available. I am an Architect and a General Contractor with decent industry connections locally. I have identified a town nearby that wants to welcome development. I also have identified a non-profit interested in developing affordable and workforce housing. I imagine 20 units over a handful of small buildings, ideally with a community space. I'm considering mixed income levels or focusing on workforce housing (40%-120% AMI).
Has anyone done this in other locations?
Has anyone done research or found government subsidy for this kind of project?
Would anyone be willing to share a proforma for a 20 unit new construction as a template I could share with my team?
Thanks in advance for your help! This is my first post, so hoping I did ok and get some response :)