We begin our employee housing projects by helping our client create a solid vision for the purpose of the housing program. The initial analysis phase includes a housing cost impact analysis, legal and regulatory environment analysis and market research. Following this we provide alternative financing strategies, some of which allow the client to recoup all of its initial investment. We then help our clients implement the housing project and bring their vision to a reality. In all cases we keep an eye on the sustainability of the project to assure future owners and renters of the housing enjoy the same benefit of affordable housing. Other services in this area include:
Development
Looking for a development partner for your next workforce housing project? Consider Workforce Housing Solutions development services. We possess in-house capabilities that span the entire development process including:
- Visioning/mission development
- Site selection and planning
- Project management
- Development management
- Construction/Project management
- Construction Services
- Architectural services
- Project financing (Debt & Equity)
- Market research
- Housing cost impact analysis
- Legal/regulatory analysis
- Financing strategies
- Financial assistance program design
- Program Implementation
In many instances, WHS acts as a "fee developer" which designs, constructs, and operates workforce housing for specific clients. In other instances, WHS acts as a private developer who owns and operates workforce housing for its own account.
"Hands-on" Operational Management
WHS applies a "hands on" management style to the properties it operates. WHS manages all property functions-from leasing, management and maintenance, to asset management and expense ratio optimization-at the property level, providing an enhanced experience focused on resident satisfaction and our client's needs. We utilize cutting-edge property management software to build speed and efficiency into the management process. The goal is always to operate our properties with the utmost of care and attention while controlling expenses and adding value.
Program Design and Administration
WHS works with employers to custom-tailor housing assistance programs for their employees. We understand the unique needs of employees and employers alike, and how subsidy programs, along with good-quality housing stock, can help employers attract and retain talent. We help employers create home purchase assistance programs, rent-to-own programs, and how to optimize housing subsidy payments to their employees. We also help employers plan for their future housing needs, and administer these programs in conjunction with our management services.
Tax Efficient Planning
WHS keeps abreast of and participates in legislative initiatives affecting the tax treatment of employer-assisted housing programs, including the state employer-assisted housing (EAH) tax credit, federal deductions for housing assistance contributions by employers, and pending federal legislation to extend the EAH tax credit on a national level. Our legal tax specialist, in conjunction with your own corporate tax counsel, can structure a program so that your organization can receive the maximum tax benefits available for your company's contributions.
Note: This information is not intended to be tax or legal advice. You should speak with your tax advisor and legal council regarding how such benefits may or may not apply to your situation.
