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Workforce Housing Projects
Throughout California, New Mexico, Colorado and Arizona

Description
Workforce housing is a relatively new term that is increasingly popular among planners, government administrators and housing activists, and is gaining cachet with home builders, developers and lenders. Workforce housing can refer to almost any housing, but always refers to affordable housing. Workforce housing is moderately priced and addresses the demand for new homes generated by households with annual incomes ranging between $35,000 and $75,000.
LAG has a wealth of knowledge and experience in the development of affordable and workforce housing. Whether its tax increment financing or low income housing tax credits, LAG possesses the knowledge and expertise, necessary to locate and target specific sites which will competitively compete for the various sources of local, state and federal funding.

LAG services include:

Identity and analyze potential housing development sites for affordable rental housing projects located inside and out of redevelopment project areas, urban renewal communities and enterprise communities

Utilize existing and establish new broker relationship to facilitate locating actively listed properties

Utilize existing and establish new relationships with property owners within target areas for potential development sites including off-market listings

Perform site visits

Negotiate terms of letter of intent contingent upon potential funding sources and time constraints

Preliminary pro forma analysis

Low/Mod housing, CDBG and HOME funds availability

Identify and analyze potential soft financing sources through redevelopment agencies

Research potential NOFA's and application deadlines

Preliminary needs assessments for various housing types per city staff

Amenity scoring and verification

Coordinate with various cities for the development of city owned property for mixed-use and subsidized housing projects

Research and analyze existing and future project pipelines (city or county specific)

Research entitlement process and funding proposal process for RDA funding

Coordinate necessary meeting with city council, neighborhood associations, consultants, planning staff and redevelopment staff members

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