Our Approach
—Partner with nonprofits and churches to support their mission
—Realize efficiencies and quality through design standards
—Employ independent contractors for flexibility and reduced overhead
—Leverage multiple developments to yield economies of scale
—Use flat fee for professional services
—Achieve environmental and social outcomes without added bureaucratic costs

Meeting Consumer Needs by Managing Costs

Construction Costs
 
Owner Costs
 
Affordability
(per unit)
 
(per unit)
 
30-50% MFI
Land: $8,000
Operations: $265
 
Can Afford Rents of
Soft Costs: $7,000
Debt Service:$335
 
$395-$775
Construction: $65,000
ROI: $175
 


Development Services

We provide a comprehensive suite of development services, managing or assisting with:
—Fundraising & Financing
—Community Outreach
—Land Acquisition
—Design
—Permitting
—Construction
—Occupancy

Results

Home First Development has partnered with area nonprofits and churches to develop more than 150 units of quality affordable housing, and another 150 in the pipeline. Our units have been praised by area politicians, government, neighborhoods and most importantly - residents. Our development strategies allow more low-income families to live in safe, quality housing, and our partners to earn a return on their investments.

We have been able to develop quality units at lower costs and in less time than typical publicly funded affordable housing projects provide a comprehensive suite of development services, managing or assisting with:

Project
Units
Bedrooms
Per Unit Cost
Ash Street
47
1 & 2 BR
$68K
151st Avenue
27
1 & 2 BR
$70K
141st Avenue
27
3BR
$110K
171st Avenue
78
1 & 2 BR
$75K


Housing That Residents Can Be Proud Of

Everyone says you can't build great units for low cost. We disagree. Click here to see typical project guidelines.

We don't believe that you have to sacrifice quality for the sake of efficiency. Units developed by Home First and our partners aren't just affordable, they are outstanding. It is critical to Home first and our partners that we build units that positively impact the communities they are built in.

Our buildings have attractive exteriors, and interiors that include features rarely available to low-income renters including: —Recreational facilities
—Granite countertops in kitchens
—Free wi-fi
—Washer & dryer
—Community rooms

 

© Home First Development 2016 I Contact I News