Urban Town House Workforce Housing
Urban Pacific and it’s CEO – Scott Choppin – have invented a new housing model for working families in California one of the highest constraint housing markets in the US for moderate income working families. These families are paying an ever increasing percentage of their income towards housing costs.
To solve this intractable problem, we invented the Urban Town House (UTH) to provide a new housing type to working class families.
Specifically, UTH is a built-to-rent 5-bedroom 4-bathroom town house unit for large and multi-generational working families in urban areas of California.
The rents that we underwrite make these projects economically feasible and provide naturally occurring moderate income rental housing for families between 80-150% of MAI.
Purposely designed and built to rent, these units live like a house, and are built for multi-generational multi-earner working families. Each UTH unit contains 5 bedrooms and 4 bathrooms, a 2-car direct access private garage, and in-unit laundry all contained in a 3-story attached format. All units contain a ground floor bedroom bathroom combination, providing mobility enhanced ground floor living for grandparents or older inlaws within the unit.
UTH projects uncommonly pair private capital with a workforce rental housing model and classically use institutional private equity, as well as, Opportunity Zone capital. Focused exclusively on the California marketplace — the most highly constrained housing market in the nation — Urban Pacific’s vision is to produce over 1,000 unit per year of UTH housing in Southern California, with future expansion into the California Bay Area market.
Contact Us
If you are a land seller or broker, investor or lender, city or government representative, or need to reach us for any reason, please fill out the form below, and a team member will get back to you as soon as possible.
(888) URBAN80 | (562) 552-1777
5318 E. 2nd St., Suite 644
Long Beach, CA 90803
choppin@urbanpacific.com