The Multiplex or ‘Missing Middle’ housing product enables residents to find more affordable or attainable housing. It is for entrepreneurs who wish to purchase a 10,000 square foot, 4-lot wide, 2- or 3-story apartment block with up to 4 units per floor for a maximum of 12 units. Please note that this membership applies to Multiplex units located in rings E-I, and not those adjacent to the areas designated ‘Open Space’.
Multi-Plex housing helps to provide a diversity of housing at more affordable prices, a requirement for truly walkable and appealing places.
“There is a tremendous mismatch between the available housing stock in the US and the housing options that people want and need. The post-WWII, auto-centric, single-family-development model no longer meets the needs of residents. Urban areas in the US are experiencing dramatically shifting household and cultural demographics and growing demand for walkable urban living.”
Learn more about Missing Middle housing from the man who coined the term, Daniel Parolek: https://opticosdesign.com/missing-middle-housing/. His just-released book can be found here: https://islandpress.org/books/missing-middle-housing
The following video also features Parolek: https://youtu.be/Hdresao83bE
This video explains how buildings of this type can be financed by a landlord using standard mortgages: https://www.youtube.com/watch?v=oPu8biSTUPc