Many college and university campuses are living amidst surging housing costs, driving the need to house more of their populations on campus.
How can institutions navigate the ever-changing landscape of costs and financing mechanisms to provide the housing that their students, faculty, and staff need?
This session will provide a discussion for creative ways to potentially finance and build housing projects on campuses by referencing several case studies, and discussing the financing mechanisms open to campuses. This will include:
- Think creatively about using existing campus assets to create opportunity, which could include relocating existing uses, building new types of housing to offload the demand in other areas of campus, or even looking at adaptive reuse of underutilized assets.
- Consider strategic partnerships to share resources and knowledge and take advantage of opportunities such as public-private partnerships, grant funding or tax incentives.
- Explore new and emerging financing opportunities, whether they are tax credits available for state institutions or partnerships with a new cadre of developers with connections to alternate funding streams.
We will discuss lessons learned from three campuses across California about how they took advantage of programs like the Higher Education Student Housing Grant Program and the Higher Education Capacity Expansion Grant Program.
We will also discuss how to move forward, and how campuses can leverage the recently passed State University Faculty and Employee Housing Act of 2024 to creatively finance and build student, faculty, and workforce housing.