133: How to Develop Workforce Housing with Scott Choppin

In 2000, Scott Choppin founded The Urban Pacific Group of Companies that focuses exclusively on workforce rental housing communities throughout California and the Western US. Urban Pacific has created a new housing innovation called Urban Town House (UTH), which pairs private capital with middle-income multi-generational rental housing while producing market superior yields on invested equity.

Scott is a leader in the field and is a regular contributor to major media outlets throughout the nation. Scott has been published in Forbes Magazine, GlobeSt.com, Los Angeles Times, Builder Magazine, Affordable Housing Finance, Affordable Housing News, and most recently, the cover and feature article about the UTH housing model in Multi-Family Executive magazine.

(00:00 - 2:18) Opening Segment

- Introduction of the host into the show

- Alpesh introduces the guest of the show, Scott

- Scott shares something interesting about himself

(2:18 - 32:48) How to Develop Workforce Housing

- Scott's first real estate investment

- What is workforce housing/blue-collar housing

- Multi-generational housing

-Selling the entire portfolio or townhouses

- What's the rental range for properties or townhouses

- Historical and cultural housing arrangement across the world

- How do you underwrite a workforce housing development

- Process of choosing a market or neighborhood and starting development

- Strategy as a developer

- Challenges permits and Approvals processes for development in a state, city, or country

- What's the typical timeline from start to finish in construction

- About holding assets

(32:48 - 33:14) Break

(33:14 - 33:30) Second Segment

- Welcoming listeners and guest back to the show

(33:30 - 41:50) Fire Round

- Will Scott change the business strategy after Coronavirus?

– Scott’s favorite real estate, finance, or other related books

– Tool or website Scott recommends

– Scott’s advice to beginner investors

– How does Scott give back?

– How can Wealth Matters Podcast listeners reach out to Scott?

(41:50 - 42:31) Closing Segment

If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel and you can reach out to Alpesh using this link

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