Video instructions and help with filling out and completing Are Form 8453 S Credits

Instructions and Help about Are Form 8453 S Credits

Being to kind of navigate the the real-estate market and we think it's a good place to be it's a good space to be in because it's it's an affordable space and it's also a very sustainable space once you get the formulas down so I'm going to quickly go over a couple projects we're doing just to kind of show the concept and then I can get into my opinions on micro housing and Michael can you hold the microphone closer dinner yeah sorry my arm is a little got my own microphone stand okay so here we go this is a property we're currently developing in Logan Heights it's a 7,500 square foot law in which we are able to gate municipal code legally the the lot was it's a C zone lot and it was really only allowing five units to be built and so we used some density bonus and then we use an FA our bonus to squeeze in 21 small apartments which would have normally been five large apartments and that's going to house 21 people this specific project we are really hoping we're targeting specifically X homeless veterans who hold the veteran voucher from the VA okay and then another one we're doing this one is in escrow on a lot that's about fourteen thousand square feet we're able to fit 42 of these micro units on this property the normal allowance for this would have been 14 large town homes or apartments so as you can see we're maximizing the dirt to fit as many houses as we can even though they're small so so she's my little assistant so so that kind of gives you an idea of what we can do with each size of wat oh and also to note these are half market rate and half of them are deed restricted we're working with San Diego Housing Commission in order to do a mixed-use that also fits within the Casa act which is tun glorious I can show you what we could do let's say we had unlimited money this is a one acre lot also in Logan Heights and we would be able to if and funded build 300 of these units and this would be more of a permanent supportive care housing facility this property it's been in and out of escrow a bunch of times they keep calling us and the reason is because the affordable developers can't close on the deal due to the financing for some reason they can't get their financing so that's something I would love to tackle it's an ambitious one who knows maybe we'll get there okay so just to kind of cap over add this was a I was showing this to the homeless select committee kind of showing how much dirt we need to build how many units so on 7,500 square feet we've are able to fit 21 units 14,000 square feet 42 units and if you give us an acre we can fit over 300 units and this is all housing people and so that's kind of kind of gives you an idea of per square foot what we can build so the construction we're using is a modular construction we're choosing to use shipping containers there's other types of modular construction there's stick and brick modular there's metal panels modular it's concrete paneling modular and the benefits of these is if they're built in factories off-site and then the units are fully furnished and then delivered and then we just place them on-site with the crane and there you go there's your there's your unit your apartment some of the benefits of this is the speed speed is an obvious benefit because it allows for the developments that could be going on while you're also being permitted for your site control and these things are approved at state level so the city doesn't take the permitting liability the state does and then it's delivered and already approved so that speeds up construction time by about twice what it would take to build it sticks and bricks on the site another cool factor of this that we didn't know was that if we are forced to use prevailing wages which a lot of affordable builders are and that's a good good thing to be using one of the challenges with affordable development is that there's such expensive developments typically an affordable development will cost $400,000 per residents delivered we've been able to deliver ours where we think we're gonna do it for a hundred and forty thousand actually you might even do it for less but on the affordable side the prevailing wage cost is cut by 1/3 because most of the work is being done off-site in the factory so that will help affordable developers with their bottom line also a cool part of is that it's its warranty it's similar to a car so if something goes wrong you know who to call so that's what we're doing so this this PowerPoint was really geared towards homelessness so I'm gonna quickly go through this because we are I'm on the board of path connections and so that's kind of where I focus our efforts skip this one so what we were trying to do is rent to homeless people and partner with service providers by using a master lease meaning instead of renting each unit one at a time we are hoping to rent the entire property under a master lease which for a landlord that means one check and for the service provider that means they've got a whole property in which they can run their services we also don't need a conditional use permit if we do a master lease and that's also another benefit of master leasing versus doing permanent supportive care it's a much more streamlined process and this is the master leasing I was talking about so