Awards:
2007 Gold Nugget Awards
• Best Affordable Project Under 30 DU/AC (Grand Award)
Facts:
• Density - 22 DU/AC
• Plans - 735-1,218 SF
• Units - 44 DU
• Unit Mix -
55% - 1 Bed
39% - 2 Bed
6% - 3 Bed
• Parking Ratio: 2.11/unit
Description:
Affordable faculty and staff housing in cost-prohibitive market. District-owned land eliminated acquisition costs and 100% collateralization allowed housing without equity investment. Public/private effort encompassed college district, apartment developer, architect/planner, financial consultant and city, redevelopment and utilities officials. Affordable rents and incentives for eventual home purchase encourage teachers to stay. Site offers multiple in-city proximities.
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