Evaluating the Impact of Housing on your Workforce.

Employers often overlook the importance housing in crafting a vibrant workforce — leaving it to local market forces.

Yet access to attainable housing is vital for recruiting and retaining employees while optimizing productivity. Forward thinking employers are increasingly recognizing workforce housing as a core pillar within their corporate strategy — but often without the experience needed to define the optimal solution.

Oldivai is here to be your strategic housing partner.

We Specialize in Workforce Housing

Oldivai partners directly with employers to evaluate the local housing market, assess the housing burden of their employees and define potential solutions.

Contact us today to help evaluate your workforce housing strategy.

  • Availability of Housing in the Market

    • The Oldivai Process starts by evaluating the overall housing availability within an employer’s local labor market.

    • Markets with a rental vacancy rate of less than 8% or a sales inventory rate of less than 2% are considered tight, restricting a healthy balance of supply and demand.

    • In tight real estate markets, employers may have difficulty recruiting and retaining employees due to the lack of housing.

    • This informs our conversations with employers regarding the impact of housing on their business operations and the potential opportunity to partner in the creation of new housing solutions.

  • The Cost of Housing for Employees

    • The Oldivai Process next evaluates the impact of housing costs on specific job categories and the overall labor market.

    • The Oldivai Index is used to relate housing costs within a given metro area to an employer’s specific salary data.

    • An index score of less than 1.0 (red dots), indicates employees are spending >30% of their gross income on housing, the HUD threshold for burdened housing costs.

    • This data guides our conversations with employers regarding the impact of housing costs for their specific workforce and the types of housing solutions needed in the local market.

  • Leveraging Under Utilized Land

    • In markets where limited housing supply is a driving factor, Oldivai can define potential development solutions.

    • Our process identifies and rapidly evaluates specific potential development sites within the local market.

    • Many employers own parcels of land that are currently underutilized (vacant lots, parking lots, empty buildings) and may be ripe for redevelopment into housing. 

    • The contribution of surplus land at below market prices to a workforce housing project drives down total project cost.

    • We rapidly test-fit our standardized design template to potential development sites, defining the potential housing opportunity and providing initial project cost estimates for an employer.

Employer Housing Consultation

  • Oldivai provides employers with customized housing insights, tailored to their unique market.

  • Indexing specific jobs against specific types of housing allows us to define market opportunities.

  • Assisting in evaluating potential solutions, ranging from master leasing existing inventory to developing completely new housing units.

  • In markets where new housing is needed, Oldivai can rapidly evaluate the application of its template based modular design solutions or represent an employer in identifying of the right partner for a traditional site-built project.

  • Additionally, Oldivai has the ability to provide equity funding for modular projects that leverage its standard design template.

The Oldivai Development Process

Oldivai partners with employers to rapidly deploy workforce housing solutions. It starts with our flexible “kit-of-parts” modular design template. We next define the market need and leverage our modular toolkit to rapidly create a schematic design concept for the project. Only then do we begin looking at site selection. This the opposite of many traditional design processes that start with a parcel of dirt and asks “what can we build”. Oldivai starts with a design and asks “where should we build”.

STRATEGIC SITE SELECTION

We partner with employers facing workforce housing shortages who contribute underutilized land to the development, decreasing total project cost.

TEMPLATE APPLICATION

Our factory-built, templated designs flexibly scale across differing sites, increasing the overall speed to market and lowering total costs through standardization and volume.

INTEGRATED PROCESS TEAM

We empower an integrated process team, well skilled in modular design and efficient construction, laser focused on delivering high-quality housing at lower costs.

LEAN FOCUSED MANAGEMENT

Our development process follows a Lean/Six-Sigma manufacturing methodology; at every stage reducing waste, improving efficiency, and driving accountability.

Partner with Us.

We look forward to working with you to craft a unique solution for your workforce. Give us a call directly or fill out this form and we will contact you to schedule a free no obligation consultation with our team.