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This Workforce Housing Model Delivers 25% IRR

This Workforce Housing Model Delivers 25% IRR The Urban Pacific Group of Cos. has broken the code to profitable workforce house new construction. Its new development model focuses on building new construction multi-generational workforce housing in blue-collar communities—and the model generates 25% internal rates of return over an 18-month to 24-month period. Urban Pacific calls…

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Urban Pacific receives national media coverage on UTH moderate income housing Innovation

Urban Pacific receives national media coverage on UTH moderate income housing Innovation “Scott Choppin, founder of Urban Pacific, is creating his own best practices with rental townhouses in Southern California focused on the multigenerational demographic. The homes feature a bedroom and bathroom on the ground floor, a plan Choppin developed after tracking three trends: housing-supply constraints,…

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Urban Pacific, Being Purely Focused On The Moderate Income And Workforce Housing Space

Urban Pacific, Being Purely Focused On The Moderate Income And Workforce Housing Space Urban Pacific, being purely focused on the moderate income and workforce housing space, is tracking multiple new trends in the workforce housing marketplace. We expect private employers, municipalities, and school districts throughout California, to engage in new conversations around supporting employee housing…

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Opportunity Zone Tax Incentive Is a ‘Game Changer’

Opportunity Zone Tax Incentive Is a ‘Game Changer’ The opportunity zone tax incentive and qualified opportunity funds could be a “game changer” for workforce or affordable housing development, according to Scott Choppin of Urban Pacific Group of Cos. Urban Pacific is currently building multi-generational urban townhomes in blue collar communities, and he has seen significant…

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The New Multi: Developers Bet Big on Multigenerational Floor Plans

The New Multi: Developers Bet Big on Multigenerational Floor Plans Over the next five to 15 years, multigenerational households, downsizing baby boomers, roommates, immigrant families, and young tenants with children are poised to dramatically change the renter pool—and the type of housing needed to be built for them. Demand for larger units is strong, and…

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The Rise of the Urban Townhouse Model

The Rise of the Urban Townhouse Model Sharing our practices of market research, tracking new industry trends in housing, and making assessments of the economic cycle related to real estate development. From GlobeSt.com: Scott Choppin, CEO of The Urban Pacific Group of Companies, talks with Kelsi Borland from GlobeSt.com discussing the Urban Town House (UTH)…

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Local developer creates housing for moderate-income, multi-generational families in Long Beach

Local developer creates housing for moderate-income, multi-generational families in Long Beach Construction crews are at work on a small vacant lot on the northeastern edge of Chavez Park, transforming the unused space into three urban town houses. Urban Pacific Group businessman and developer Scott Choppin, 50, said the urban townhouse (UTH) concept is something he…

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The Future of Housing (is rental)

The Future of Housing (is rental) From Scott Choppin The rental versus ownership dynamic is changing on multiple fronts. Particularly, the major demographic and economic shift to more renters and less owners. This CNBC article highlights the new trend in Build to Rent or BTR marketplace, where major homebuilders and developers are raising significant amounts of new…

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Hey, middle class, the housing crisis is coming for you next

Hey, middle class, the housing crisis is coming for you next “When policymakers and pundits talk about the nation’s affordable housing crisis, they usually talk about the forces that deny low-income Americans reliable and accessible housing near better jobs and educational opportunity. And they should; it’s not just a national crisis and widespread policy failure,…

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UTH – A Strategic and Superior Investment Vehicle

UTH – A Strategic and Superior Investment Vehicle “Urban Pacific announces the formalization of its UTH workforce housing business plan, and it’s move to accelerate production volumes and project sizes. Presently, Urban Pacific has captured two institutional grade workforce housing development opportunities, and is in pursuit of multiple additional larger projects. Finally, given the acceleration…

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