Housing Concepts

	Ownership Townhomes	Senior Apartments	Senior Apartments	Senior Co-housing	Mixed Co-housing	Age Restricted Condos
Affordable or Market Rate	market rate	market rate	affordable	market rate	market rate	market rate
Ownership, Rental or Mixed	ownership	rental	rental	ownership or mixed	ownership or mixed	ownership (life estate)
Number of Units	10 to 30	10 to 30	20 to 100	10 to 30	10 to 30	10 to 30
Potential Location on Campus:
Duplex Area	yes	yes	yes (up to 30 units)	yes	yes	yes
Other Locations	possible	possible	if larger required; possible 'mixed use'	possible	possible	possible
Size of Individual Unit	800 to 2,200 sq ft	600 to 1,100 sq ft	600 sq ft	800 to 1,800 sq ft	800 to 1,800 sq ft	700 to 1,400 sq ft
Financial Relationship to UU	income: land lease, possible Profit sharing	rental cash flow		income: land lease, possible Profit sharing	income: land lease, possible Profit sharing	income: land lease, profit share, bequest
Profit One Time	yes	possible modest	possible needs research	possible	possible	possible
Income Stream Over Time	possible through land lease	yes	possible needs research land lease?	possible through land lease	possible through land lease	possible through land lease
	profit share on resale: deed restriction			profit share on resale: deed restriction	profit share on resale: deed restriction	profit share on resale: deed restriction
Issues
Management (ongoing)	minimal; owners association	professional as part of development	professional as part of development	minimal: owner's association	minimal: owner's association	professional as part of development
Developer	contract developer via master land lease	professional as part of development	professional as part of development	need paid developer to manage process; cost paid by development	professional as part of development	professional as part of development
Connection to UU mission	owners limited to congregation? Deed restriction	renters limited to congregation? Deed restriction	social purpose; could be more restrictive if not gov't financed by proforma would then be difficult	owners/renters limited to congregation? Deed restriction	owners/renters limited to congregation? Deed restriction	owners/renters limited to congregation? Deed restriction
Special Challenges	market conditions	market conditions	financial structure	market conditions	market conditions	market conditions
	pre-sales / marketing			pre-sales / marketing	pre-sales / marketing	pre-sales / marketing
	integration with UU campus	integration with UU campus	integration with UU campus	integration with UU campus	integration with UU campus	integration with UU campus
	enforce 'mission' connection?	enforce 'mission' connection?	enforce 'mission' connection?	enforce 'mission' connection?	enforce 'mission' connection?	enforce 'mission' connection?
	Children's activities/noise/outdoor space needs				Children's activities/noise/outdoor space needs
	control		control	control	control	control
Benefits potential	Utilization of UU facilities	Utilization of UU facilities	Utilization of UU facilities	Utilization of UU facilities	Utilization of UU facilities	Utilization of UU facilities
	More complete UU experience possible for those interested	More complete UU experience possible for those interested	More complete UU experience possible for those interested	More complete UU experience possible for those interested	More complete UU experience possible for those interested	More complete UU experience possible for those interested
			social benefit provided