Complete Multifamily Housing Development outlined in this intuitive handbook
Get the latest in best practices, techniques, and trends in multifamily
housing development. Practical, how-to information is provided on all
aspects of the development process, including feasibility and financing, planning and
design, construction, marketing, leasing, and management. Also covered are
niche markets and recent trends. Case studies provide strategies and details
on a variety of successful projects from public/private partnerships to high-technology and transit-oriented development. 350 pp.
Multifamily Housing Development Handbook - Table of Contents:
- Introduction
- What Is Multifamily Housing?
- Forms of Ownership
- Product Types
- The History of Multifamily Housing in the United States
- Tenements and Apartments: Multifamily
- Housing in Nineteenth Century America
- Multifamily Housing: A Way of Life for America's Cities
- The Depression to World War II: Times of Change
- World War II and Beyond
- Recent Trends in Multifamily Housing
- Market Analysis
- The Purpose of Market Analysis
- Regional Context
- Identifying the Market Area
- Target Market Area
- Competitive Market Area
- Demand Factors
- Employment
- Population
- Households
- Income
- Market Segmentation
- Supply Factors
- Analyzing the Competition
- Gauging the Development Pipeline
- Identifying Product Types and Niche Markets
- Calculating Capture and Absorption Rates
- Site Selection
- Factors Affecting Location
- Macrolocational Factors
- Microlocational Factors
- Land Use
- Historical Uses
- Current Uses
- Surrounding Uses
- Conflicting Uses
- The Site
- Size and Shape
- Natural Characteristics
- Easements and Covenants
- Utilities and Public Services
- The Regulatory and Legal Context for Multifamily Housing
- Fair Housing, Accessibility, and Opportunity
- The Fair Housing Act of 1968 and the Fair Housing and Fair Housing Enforcement Act of 1988
- Detecting Violations of Fair Housing Laws
- The Costs of Fair Housing Compliance
- Americans with Disabilities Act of 1990
- Equal Opportunity in HUD-Assisted Programs
- Environmental Laws
- Environmental Issues for Developers
- Federal Environmental Laws
- Environmental Issues during Redevelopment and Management of Multifamily Properties
- State and Local Laws
- Flexible Zoning
- Building and Fire Codes
- Exactions and Impact Fees
- Residential Rent Controls and Other Rent Restrictions
- Regulations Governing Conversion to Condominiums
- Financial Feasibility Analysis
- Stage 1-The Pro Forma Statement
- Calculating the Maximum Loan Balance
- Development Costs
- Stage 2-Discounted Cash Flow Analysis
- Stage 3-Combined Analysis of the Development and Operating Periods
- Stage 4-Monthly Cash Flows during the Development Period
- Stage 5-Discounted Cash Flow Analysis for Investors
- What to Look Out For
- Site Planning and Product Design
- Site Planning
- Parking
- Amenities
- Landscaping
- Product Design
- Exterior Architecture
- Interiors
- Mechanical Systems
- Privacy and Security
- The Planning Process
- Concept Plans
- Preliminary Plans
- Final Plans/Construction Drawings
- Financing and Investment
- Risk and Reward
- Types of Financing
- Equity
- Debt
- Hybrid Financing
- Leverage
- Ownership Structures
- Direct Ownership
- Partnerships
- Joint Ventures
- Corporations
- Choosing an Ownership Structure
- Financial Analysis
- Equity Investors' Analyses
- Lenders' Analyses
- Types of Debt Financing
- Financing the Various Stages of Development
- Planning/Predevelopment
- Land Acquisition and Development
- Construction
- Postconstruction
- Permanent Financing
- Sources of Financing
- Sources of Equity Financing
- Sources of Debt Financing
- The Financing Process
- Marketing the Project
- Three Basic Aspects of Marketing
- Analysis
- Strategic Planning
- Implementation
- Developing the Marketing Strategy and Plan
- The Marketing and Leasing Budget
- Advertising
- Measuring the Marketing Plan's Success
- Management and Operations
- The Importance of Good Management
- The Management Team
- The Management Structure
- What to Look for in a Property Manager
- Operations and Maintenance
- Operating Budget
- Staffing and Employment Practices
- Resident Relations
- Future Trends
- Lines of Responsibility
- Other Sources of Income
- Multifamily Niche Products
- Student Housing
- Military Housing
- Executive Rentals, Corporate Apartments, and Extended-Stay Hotels
- Adaptive Use/Apartment Conversions
- Rehabilitation and Repositioning
- Housing for Seniors
- Case Studies
- Development Trends
- Demographics
- Product Types
- Regional Forecasts
- Patterns of Development
- Financing
- Bibliography and Index
- Bibliography
- Index
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