UNIDEV THINKS PROGESSIVELY ABOUT AFFILIATED WORKFORCE HOUSING

UniDev solves the crucial problem of providing workforce housing for public and private employees; we develop residences that can be purchased or rented by schoolteachers, firefighters, police officers, nurses and other medical practitioners, and other employees who are critical to a community and who work in places where real estate costs are high. In addition, through these programs, UniDev contributes to the renewal of this nation’s cities. What better approach is there than to make housing affordable and permanently available to those who serve the public and to use their stability to anchor urban neighborhoods?

Working with local governments, universities, and Community Reinvestment Act banks, UniDev succeeds in planning and developing quality for-sale housing that is available with a zero down payment and with a commitment of about one-third of the household’s gross income. Our financing techniques enable a household to afford housing priced at 4 to 5 times its gross income (i.e., a household having a gross income of $50,000 can afford to purchase a UniDev home priced at ~ $225,000 or more).

UniDev’s projects return a long-term income stream to the sponsoring entity.