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Consultants present feasibility study for Alder Creek workforce housing; board and partners discuss financing options
Summary
Education Housing Partners and consultants presented a feasibility study for workforce housing on the Alder Creek site, outlining 72‑unit and smaller alternatives, unit mix, target rents, entitlement pathways (city process vs. SB 35), and financing scenarios including COPs, GO bonds, LIHTC and JPA ownership.
Consultants from Education Housing Partners (EHP) presented the results of a months‑long feasibility analysis for developing workforce housing on the district‑owned Alder Creek site.
Bruce Dorfman and Joanna Julian of Education Housing Partners summarized the firm’s experience and described two buildable footprints for the site: a larger option that could accommodate up to 72 units (site A) and a smaller pie‑shaped site (site B) with roughly 20–26 units. The proposed product types were 1‑, 2‑ and 3‑bedroom flats and townhomes in two‑ and three‑story wood‑framed buildings; design concepts included private garage parking, in‑unit washer/dryers, a clubhouse, play area and a possible childcare facility.
Consultants identified two entitlement options with major economic differences. Under SB 35 (a state ministerial streamlining law), a project meeting SB 35 conditions must typically set a higher…
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