May 19, 2020
Creating affordable housing is a challenge for many developers. Part of the issue is the cost to develop affordable housing leaves little to no profits for developers. Because of this, many developers rely on government subsidies to bridge the profitability gap. However, Scott Choppin and his firm, Urban Pacific have found opportunities with urban infill to deliver affordable housing without using government subsidies.
Scott is a second-generation investor that focuses on vacant or underutilized areas in a city. His team is committed to developing urban townhomes in these areas. They have developed 1,700 units and continue to evaluate new opportunities. In this episode, Scott shares more about affordable housing, workforce housing, government subsidies, and his UTH model.
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2008 taught him to bring all construction activities in-house.
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