Concepts
Define AMI.
What is: Area Median Income
Person responsible for design compliance.
What is: Architect
The initial project calculation.
What is: Back of the Envelope
Person responsible for construction.
What is: General Contractor
Legal contract for tenant.
What is: Lease
Define workforce housing.
What is: <140% AMI
Minimum construction standards.
What is: Building Codes
Finance projections of income and expenses.
What is: Pro Forma
Process before building.
What is: Permit
Person responsible for operations.
What is: Property Manager
The biggest need for small scale development.
What is: The Missing Middle
Municipal regulations for property.
What is: Zoning
Alternative funding focused on social benefits.
What is: Impact Investing
What is: Inspection
Rent units before construction complete.
What is: Pre-Lease
Predictive analysis before development.
What is: Feasibility Study
County department that approves designs.
What is: RER - Regulatory & Economic Resources
Method to determine potential value.
What is: Financial Modeling
Legally binding document for scope of services.
What is: Contractor Agreement
What is: Fair Housing Act