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Affordable Workforce Housing Program in Hometown, USA

Enhance your community with our comprehensive workforce housing program, delivering methods to invest in local partnerships, infrastructure, and economic growth. Our program offers high-performance, safe, and affordable housing for employees, benefiting employers and communities alike. Partner with us to secure quality housing and foster community development opportunities.

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Affordable Workforce Housing Program in Hometown, USA

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  1. Delivering Methods to Communities Willing to Invest in Themselves Hometown, USA

  2. Enterprise Value Chain Enhanced Efficiencies- Partners, Technology, Methods Comprehensive One-Stop Website Standardized Processes = Volume Finance, Procurement, Project Management Risk Mitigation- Phased Approach & Pre-Sales Securing Quality Affordable Housing Model Encourages Local Partnerships High Performance Housing- Superior Products Employer Driven…Employee Focused SAFE…COMFORTABLE…STRONG…EFFICIENT

  3. Workforce Housing ProgramEmployer Benefits • Employee Retention • Quality of Life • Branding & Marketing- Image • Expansion & Growth Strategy • Recruiting • Community Engagement • Bottom Line

  4. Workforce Housing ProgramCommunity Benefits • Utilization of Existing Assets and Infrastructure • Appealing Return on Investment • ‘Today’ Projects with Immediate Impact • Encourages Population Migration • Supports School Enrollment Numbers • Supports Local Employers and Businesses • Marketing & Branding- Image • Strengthens Local Economy • Facilitates New Development Opportunity • Fosters New Business Growth

  5. Partnering with Your Community?Our Requests • Development Property (Priority- In Fill, Vacant Lots) • Community Based RLF Established • Utilization of Tax Increment Financing (TIF) • Utility Agreement • Fiber to the Home • Building Permits & Fees Waived • Marketing Agreement (Community, Employers) • NOT Requesting Tax Abatement, Mobilization Fees SHARED RISK + LONG TERM OUTLOOK= HOMES PEOPLE CAN AFFORD

  6. Employee Benefits: • $0 Down, $0 Closing, & $0 Lot Cost = Access to Financing (USDA, VA, IFA, FHA) • Online, Convenient Process = Low Stress • High Performance Housing = Low Utility Bills • Live Where You Work = Eliminate Commute • Quality, Safe, Affordable Housing = Peace of Mind • Assistance in Selling Your Current Home = Move Now • www.ruralhousing360.com

  7. Affordability Breakdown Assumptions-(Based on Jefferson, IA) • Median Household Income- $53,719 ($25.83/hr.) • Hometown Locator 2018 • Bank loans to 30% of wages for P & I, Taxes, & Insurance = $1,342.98/mo. • Current 30 yr. fixed rate- 4.75%, Taxes- .01505, Ins.- $80/mo. • MayfieldPlan- $180,000 ($1,234.72/mo. Includes taxes & ins.)

  8. Economic Impact Return on Investment Assumptions: 1. Property Tax Development & Ancillary Costs per Home = $39,375 to $59,375 ($10,000- In Fill/TIF Value) Property Tax Multiplier = .01505 Avg. Assessed Value = $165,000 Avg. Property Tax = $2,483 per Home 2. Sales Tax Avg. Household Size- 2.21 (2016- Hometown Locator) Avg. Sales Per Capita- $11,937 (ISU- June 2014) Total Sales Per Household = $26,381 Local Capture- $264 per Household 3. State School Funding per K-12 Student = $6,500 (Iowa Dept. of Ed. Data 09/09/2017, Cedar Rapids Gazette) School Enrollment = 768(K-12 in town) which equals 18.3% of Total Population (4,189- Hometown Locator) Number of Students per Household = .41 State Revenue Generated Per Household = $2,665 4. Total Annual Revenue Generated Per Household = $5,412 New Development Return on Investment (Range) = 7.2 to 10.9 years *Assumes 100% Occupied (Not Realistic) In-Fill ROI = Immediate- $0 Revenue Currently Generated by Lot (1.8 yrs. based on Total Revenue/6.1 yrs. based on 66% Prop Taxes) * Excludes revenue generated from utility services, fees, or waste collection. **Does not account for impact of dollars spent staying in circulation within the community. (2 to 4-fold impact) -Civic Economics (2012)

  9. QUESTIONS? Steve Gilbert- RURAL HOUSING 360 Co-Founder Cell: (641) 414-9512 Email: steve.gilbert@ruralhousing360.com www.ruralhousing360.com

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