Reducing the Cost of Affordable Housing

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Reducing the Cost of Affordable Housing

• Were All In It Together

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Standardize
Soft Costs
Labor
Quality Control Commissioning
Durability Performance Appealing
Design Specification
Policy
Land/ Regulatory
Right size (Density)
Operational Costs
Subsidy
Product knowledge
General Contractors
Bid Management
Architects
Technology (systems)
Certification Training
Cost Management
No Sales Tax
Product Knowledge
Sub Contractors
Engineers
Universal Products
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According to Anthony Downs, Brookings Institution
Two ways to bridge the affordable housing gap for
low income people First, raise their
income. Second, lower the cost of
housing.

• Lowering costs in four categories
• Reduce finance costs
• Reduce cost of producing housing
• Reduce housing size standards
• Create a process of making existing units more
  affordable

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Cost Management
Design Specification
Policy
Certification Training
Cost Study Task Force
Architects
Government
Made up of various industry professional from
both the private and non profit sector,
government and consumers
Engineers
Corporate
Builders
Lenders
Non Profits
University of MN
MHFA

• Assess need and cost drivers
• Review currents studies
• Develop recommendations and strategies
• Establish on-going support and resources