Elk Grove Affordable Housing Sites

Real Estate + Feasibility
Written by Dacie Doucette

Elk Grove Affordable Housing Sites

Elk Grove, CA · 2022

 

Client: City of Elk Grove, Development Services – Housing
Location: Elk Grove, CA
Year: 2022
CP Role: Lead consultant
Practice Area: Real Estate + Feasibility
Team: Alex Joyce, Principal-in-Charge; Paul Runge, Project Manager; Lydia Ness, Planner and Analyst; Victor Tran, Urban Design; Pauline Ruegg, Property Assessment; John Southgate and Abe Farkas, Public-Private Partnerships Advisors

 

The Challenge

The City of Elk Grove owned three sites suited to affordable housing and needed a way to test them and attract strong developer partners. The Sheldon Farms sites lie along a planned transit extension.

Our Approach

We drew site plans and development programs for each site and tested each one for capital stack, financing gap, and return before anything went to market. We recommended a request for qualifications over a request for proposals, wrote the solicitation, talked with developers before and after the release, and helped the City review submissions and interview teams.

Outcome

The offering drew more than 23 proposals. The City selected Abode Communities and Mutual Housing California, putting it on a path to about 300 affordable homes.

 

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Dacie Doucette

This article was written by Dacie Doucette, founder of Hunch Theory Web Design & SEO, a Portland-based web design and digital marketing company.

The idea was simple: to help business owners take the guesswork out of web design and make their online presence something they’re genuinely excited about. I work closely with passionate business owners and community leaders, turning their vision into reality with sites that not only look great but also connect with their customers and help their businesses grow.

I bring a mix of marketing theory, intuition, and my creative touch to every project.

https://hunchtheory.com
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