Affordable Student Housing - Board Meeting Presentation
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Affordable Student Housing Board Meeting Presentation Presented By: Matthew Bohannon, Brailsford & Dunlavey Vice President Dr. Stephen Schoonmaker, Cypress Interim Vice President Administrative Services Allison Coburn, Cypress Capital Projects Manager December 13, 2022
Agenda
DECEMBER 13, 2022
1 Project Vision & Process to Date
2 Off-Campus Housing Market & Demographics
3 Affordable Housing Program & Financials
4 SB169 Criteria
5 Next Steps & Projected Timeline
CYPRESS COLLEGE - AFFORDABLE STUDENT HOUSING 2Students that are housing-insecure,
1 P r o j e c t Vi s i o n veterans, or have dependents will
have priority access
KEY FINDINGS
Enrollment New affordable housing can provide
The facility will provide space Management ample support for students to focus on
for campus services and their studies and success
programs
Third-Party operations will
facilitate out-of-class
activities and establish clear
Campus Environmental
responsibility for student
Community Sustainability
safety and security
Operations and programs must
OUTCOME support student success
CATEGORIES Project must be financially
sustained by SB169 funding
while actively investigating
opportunities to further
The facility will be a resource for
subsidize rates
student services (i.e., basic needs,
mental health, tutoring, etc.)
Safety and security provided
Educational Financial by a third-party will make
Third Party resident advisors will
Outcomes Performance meaningful contributions to
support students through maturity
student success
CYPRESS COLLEGE 31 Engagement Process thru Application Submission
› 08/15/22: Hired B&D for feasibility, market study & finance modeling
› 11/22/22: Hired SVA architects for development of the program/criteria docs.
› 11/30/22: State Chancellors Office Released Official Grant Submittal Docs.
› 12/01/22: Student Survey Released
› Fall 2022: Held 11 engagement meetings with constituents including President Advisory
Cabinet (PAC), Planning & Budget Committee (PBC), Student Services Council,
Campus Deans, Campus Managers, Associated Students, and Executive Staff.
› 12/13/22: Project update presentation to Board of Trustees
› 12/19/22: Program Refinement Document Due to College
› 01/16/23: Draft Preliminary Program Document Due to College
› 01/20/23: Final Preliminary Program Document Due to College
› 01/24/23: Project update presentation to Board of Trustees
› 1/25/23: Grant Application Due to State Chancellor’s Office
CYPRESS COLLEGE 42 S t u d e n t H o u s i n g D e m o g r a p h i c A n a l ys i s
2021 DEMOGRAPHICS SNAPSHOT
Enrollment Status Gender Identity Race / Ethnicity
Non-
66% Binary Hispanic 48%
9,258 3% Asian 23%
White Non-Hispanic 12%
34% Male Two or more races 11%
42%
African-American…
4,726 Filipino
Female
55% Unknown/Non-…
Pacific Islander
Full-Time Students Part-Time Students American…
Of Full-Time students at Cypress College…
63% 19% 69% 3%
are between the are between the are planning to Transfer are from
ages of 18-21 ages of 22-29 to a 4-year University Out of State
CYPRESS COLLEGE 52 S t u d e n t H o u s i n g D e m o g r a p h i c A n a l ys i s
SB169 ELIGIBLE POPULATION DEMOGRAPHICS
29% 1% 8%
also receive the are eligible for are
California College Extended First Generation
Promise Grant Opportunity College Students
Programs and
40%
Pell Grant Eligible
Services
The population at Cypress that is Pell Grant
eligible is above the National average1
n = 4,0932 Source: NCES
1National average for CA 2-year institutions in 2020-2021 was 22.6%
2Students between the age of 18-29
CYPRESS COLLEGE 62 Multifamily Rental Housing Market
VACANCY AND RENTAL RATE WITHIN 3-MI OF CAMPUS
$3,000 5%
$2,500 $2,417
$2,077
$2,000
$1,500
$1,317
$1,000
2%
$500
$0 0%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2022 2023 2024 2025 2026 2027
YTD EST
Market Rent/Unit Vacancy Rate
Source: CoStar
CYPRESS COLLEGE 73 Affordable Student Housing
SITE
› The site is currently utilized
as Parking Lot 6 with direct
access from Holder Street
and College Circle Drive
› Approximately 120,300 sqft
› Located on the East corner
of Campus
Source: Google Earth
CYPRESS COLLEGE 8Maximum Density Blended-Occupancy
Focused Program Focused Program
3 Affordable Student Housing
PROGRAM OVERVIEW 116,000 sqft 116,000 sqft
Total Total
Residential Unit Types
2-Bed / 1-Bath (Family) w/ kitchen
10 $93,000,000 $93,600,000
10 Total Cost Total Cost
18
$250,000 $280,000
5-Bed / 2-Bath (mixed occ) Cost per Bed Cost per Bed
0
$800 $810
40 Cost per sqft Cost per sqft
2-Bed / 1-Bath (double occ)
79
$595 $650
32 Projected Average Monthly Rent Projected Average Monthly Rent
Studio
35
371 337
CYPRESS COLLEGE Total Beds Total Beds 93 22/23 State Budget Projects
FUNDED CONSTRUCTION GRANTS VIA AB190
Grant # of Cost
College Amount Beds Per Bed
Fresno City College $34,080,000 360 $95,000
College of the Siskiyous $32,613,000 252 $129,000
Ventura College $62,923,000 320 $197,000
Sierra College $80,497,000 654 $123,000
Napa Valley College $31,000,000 124 $250,000
Santa Rosa Junior College $15,000,000 70 $214,000
Cosumnes River College $44,144,000 145 $304,000
Compton College $80,389,000 250 $322,000
Lake Tahoe Community College $39,369,000 100 $394,000
Bakersfield College $60,245,000 154 $391,000
College of the Canyons $61,858,000 100 $619,000
Average: 230 $276,000
Cypress College (Current Options) 337-371 $250,000 - $280,000
CYPRESS COLLEGE 104 SB169 Criteria
AFFORDABLE HOUSING SCORING RUBRIC
# Scoring Metric Authority/Source Proposed
Points
1 State funding per bed for low-income students. EDC § 17201(g)(1) 15
2 Rental fees for low-income students that is lower than the rental computation provided EDC § 17201(g)(3), EDC §§ 10
in California Education Code § 17201(f)(2)(A). 17201(f)(1)
3 Prepared to begin project construction by December 31 in the year the grant is EDC § 17201(g)(3), EDC §§ 10
awarded, or earliest possible date thereafter in the subsequent calendar year. 17201(f)(1)
4 Geographic location EDC § 17201(g)(4) 10
5 Reapplication with project proposal that was previously deemed ineligible. EDC § 17201(g)(5) 5
6 Unmet demand for housing as determined by number of students waitlisted for EDC § 17201(g)(6)(a)(i), EDC §§ 15
student housing OR unmet demand for housing as determined by county rental 17201(g)(6)(a)(ii)
vacancy rates.
Score Subtotal, AB190 65
Ranking Metrics
CYPRESS COLLEGE 114 SB169 Criteria
AFFORDABLE HOUSING SCORING RUBRIC
# Scoring Metric Authority/Source Proposed
Points
7 Has indicated that the project will be implemented in partnership with another SB 169 (2021)< EDC § 10
California public postsecondary institution. 17201(g)(2)(D)
8 Augments the cost of constructing a housing project and student housing program CCCCO – Administrative agency 10
through partnership(s) or securing additional funding.
9 Ancillary services will be included in the scope of the housing project. CCCCO – Administrative agency 5
10 Regions of High Need CCCCO – Administrative agency 5
11 Cost of living (Rent) CCCCO – Administrative agency 5
Score Subtotal, Administrative 35
Entity Metrics
Total Possible Composite Score 100
Total Possible Score for Cypress 75
CYPRESS COLLEGE 125 Programming and Preliminary Design
TIMELINE AND NEXT STEPS
Program Refinement Preliminary Programming Design-Build Criteria
December January February-March
Advance preferred option into Advance architectural
Further develop (2) initial more detailed floorplan and floorplans, elevations, and
space programs massing studies materials into a "Basis of
Design" document for Design
Advance residential unit types Study structural options Build RFP
Preliminary floor plans and Cost estimate Narratives on all engineered
building massing building systems (MEP, civil,
Submit materials for SB169 structural, etc.)
CYPRESS COLLEGE 135 Next Steps
PROJECTED TIMELINE
Milestones
January 25, 2022 SB 169 Grant Submission If not approved in Round 2, there is still potential
for submission in July 2023 in Round 3
July 2023 Notification of Construction Grant Award
October 2024 Tentative Start of Construction
July 2026 Facility Opening
CYPRESS COLLEGE 14Questions?
Thank You
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