Housing
Housing is at the heart of any community. Whether it’s market rate development or subsidized housing, Crossroads can provide consulting services to help communities understand their markets and build high-value neighborhoods.
Crossroads has extensive experience in the planning and development of housing.
Housing Plans
These days housing is an integral part of the health of a community and a major driver of economic development. Much like comprehensive plans, housing plans help communities understand the current state of their housing and plan for the future. These plans include a market analysis, inventory of current housing stock and condition. They also include recommendations to improve the housing stock and serve a wide range of residents, from high-end housing to workforce housing to senior housing that allows residents to age in place.
Crossroads partners with market analysts to study the underlying markets. The firm then uses this information to develop housing plans that provide clear goals, action steps and programs that will help communities meet their needs.
Housing Development and Consulting
Crossroads has experience with a number of economic development tools that can aid communities. The Principals each have a specific focus area listed below.
The development of housing, particularly workforce and affordable housing, has many challenges. George Mattei has over 25 years experience in the development and funding of housing. George can provide the following services to clients:
- Initial feasibility analysis
- Grant writing for numerous housing programs
- Financial structuring, including acquisition and closing of financing.
- Assistance in selection of equity investors and lenders for developments
- Development consulting/Co-Development, including management of design and construction phases
- Structuring of housing equity investment and loan funds
- Negotiations of legal/lending documents
- Underwriting of loans, investments and investment funds
- Technical consulting for the Low-Income Housing Tax Credit program, including
o Deal-specific tax review and guidance
o Fund-Level structuring and analysis and fund management
Site Analysis and Feasibility
Do you have a site that has a plan but needs the next steps to determine feasibility? Crossroads can help. The firm has significant experience in assisting communities with site-level analysis of developments that can get projects moving.
George Mattei has over 25 years of experience in real estate finance and development. He understands pro forma financial analysis of sites and has “kicked the dirt” on developments, managing architects, contractors and engineers. George understands how to analyze markets and knows the various development-related regulations and due diligence needed to complete a successful project. He has acted as project manager on developments of over $10 million for families and seniors.
Holly Mattei has experience as an Economic Developer working on both community facilities and transportation funding to foster economic development on the ground. Ms. Mattei was an instrumental partner in acquiring the Wigwam, a 63‐acre site nestled in Violet Township that previously served as a private retreat for the Wolfe family, former owners of WBNS 10‐TV and the Columbus Dispatch. It includes a 500‐seat banquet hall and 200‐seat theater that now serves residents and the region with a venue that can be rented for private and community events. This venue has been serving the Violet Township community for several years and serves as an economic driver for the community. She previously served as the Fairfield County Transportation Improvement District President and was part of a team who analyzed funding scenarios for the Fairfield County region, including the US 33/Pickerington Road Interchange and Far East Freeway – Taylor Road Ramp – Violet Township.