DRAFT
SALT LAKE COMMUNITY COLLEGE
Student Housing Market and Demand Analysis
October 23, 2020
Submitted by The Scion Group
SALT LAKE COMMUNITY COLLEGE
Table of Contents
Market & Demand Analysis Section 1 Introduction & Executive Summary 1 Section 2 Recommendations 7 Section 3 Implementation Plan 9 Section 4 Strategic Objectives 12 Section 5 Current Conditions 13 Section 6 Demand Analysis 17 Section 7 Off-Campus Market Analysis 20 Section 8 Summary of Qualitative Student Feedback 24 Section 9 First Time Housing Best Practices 26 Section 10 Peer Institutions Analysis 31 Appendices Appendix A Survey Analysis i
thesciongroup.com DRAFT OCTOBER 2020 SALT LAKE COMMUNITY COLLEGE
Section 1: Introduction & Executive Summary
Introduction
Salt Lake Community College (SLCC or “the College”) engaged The Scion Group LLC (Scion) to conduct a Student Housing Market and Demand Analysis and Financial Analysis (Market Study) for the Taylorsville Redwood Campus. SLCC does not currently offer student housing but is exploring the feasibility with a view to increasing accessibility, affordability recruitment and completion. This document shares the observations, findings, and recommendations from the Student Housing Market and Demand Analysis.
Scion used a variety of investigative and information-gathering tools to complete this study. The methodology, found in Appendix A, includes identifying strategic objectives for the study, holding meetings with various College stakeholders, conducting student focus groups and intercept interviews, examining the off-campus rental market, reviewing data provided by the College, benchmarking housing programs at other Utah institutions, administering an online survey and conducting high-level financial analyses of possible housing programs for the proposed project. The observations and recommendations contained in the study are based on both the qualitative and quantitative research and informed by Scion’s experience analyzing demand and conducting housing studies on over 220 campuses, including 30+ community colleges.
Scion appreciates the opportunity to complete this study. It would not have been possible without the thoughtful consideration and collegiality of the College’s staff, faculty and other stakeholders and the enthusiastic and open participation of SLCC students.
A note on the COVID-19 pandemic: This study began in January before any known presence of COVID-19 in the United States. Scion team members conducted the SLCC campus visit in February 2020 and most of the local housing market research in March 2020. All SLCC classes transitioned st online on March 26, 2020. The online survey was open to all SLCC students between April 1 and th April 12 , 2020. The A total of 4,163 students responded to the survey, resulting in a margin of error of ±1%, well within the target margin of error of ±5%.
thesciongroup.com OCTOBER 2020 1 DRAFT
SALT LAKE COMMUNITY COLLEGE
Executive Summary
Any new housing project does not occur in isolation from the remainder of an institution. Therefore, Scion evaluates a project by assessing the potential demand for housing and the readiness of key constituencies for the project. Scion’s Readiness Framework considers factors such as enrollment, student preferences, the off-campus market, stakeholder feedback and more, all of which contribute to preparedness for a housing project. The observations in the Executive Summary illustrate the student, College and community readiness for first-time student housing based on the Readiness Framework.
Student Readiness
The study determined a demand for at least 518 beds of single student housing in an apartment configuration and at least 607 conventional apartment units predominantly for students with families. Table 1 summarizes the potential demand estimates.
Potential Increase Potential Total Primary Campus Total Enrollment in Demand Demand with Demand at & Unit Type Taylorsville South Other Discounted Jordan Initial Rates % # Redwood City Campuses Rates Consolidated Demand for “Apartment-Style” Beds Full-Time (12+ units) 118 44 29 53 518 Beds +24% +125 Beds 643 Beds Part-Time (6 – 11 units) 163 45 36 30 Demand for Apartment Units Full-Time (12+ units) 112 43 33 38 607 Units +12% +72 Units 679 Units Part-Time (6 – 11 units) 212 61 66 42 Table 1: Calculation of Demand Based on Fall 2019 Enrollment
SLCC has a sizable population of students with families, many of whom are interested in campus housing. Approximately 39% of all survey respondents indicated that they live with a partner, spouse, dependents and other individuals for whom they are responsible.
A third of single students (31%) and 20% of students with families indicated they would enroll full-time if housing were available at the Taylorsville-Redwood Campus. Another 47% of single students and 34% of students with families indicated they might enroll full-time if the housing were 1 available. In total, the College has nearly 10,000 full-time students taking on campus classes and although enrollment has declined over the past five years as has the percentage of students who attend full-time, there is still a large pool of potential residents. Further, there are more students interested in enrolling full-time if housing were available.
1 Only part-time (enrolled in 0.5-11 units) students enrolled in 0.5-11 were asked this question. See Appendix B.
thesciongroup.com OCTOBER 2020 2 DRAFT
SALT LAKE COMMUNITY COLLEGE
Nearly all student indicated student housing will be important for recruiting and retaining future students. Despite SLCC’s history as a commuter institution, 94% of respondents considered housing important for attracting students and 89% considered housing important for retaining students.
SLCC students are highly price-sensitive and rank cost/affordability highest by a wide margin from a list of selection criteria for housing. This result is consistent with feedback from students and administrators that affordability is one of the primary reasons to attend SLCC. After cost/affordability, reliable Internet/Wi-Fi is a distant second for full- and part-time single students, and then privacy and the ability to cook meals/access to a full kitchen. For students with families, cost/affordability is followed by safety and security features and then reliable internet/Wi-Fi and proximity to SLCC campus for full-time students and proximity to their workplace and reliable Internet/Wi-Fi for part-time students.
The definition of “affordable” varies by the individual. SLCC students with the most limited means— housing budgets from $250 to $500 per month—attested to the scarcity of housing in their price range. Rent and other living expenses reported by full-time single students were $750 per person per month at the median, while for part-time single students the median was $800. Students with families who attended full-time reported a median of $1,396 for their entire family unit, while part-time family students’ median was $1,329.
Tested rates are comparable to current rates students face in the conventional and shadow rental housing markets. The survey tested rates for single students were slightly higher than the median of the survey self-reported rates from single students. Conversely, the survey tested rates for students with families were slightly less than what students with families reported for their monthly living expenses (Table 2).
Median Self- Discounted 2 Adjusted Off-Campus Initial Survey Student Status Reported Rent and Survey Tested Apartment Rates Tested Rates Utilities Rates Per Person Per Bed Full-Time Single $750 $1,055 – $1,144 $1,000 – $1,200 $850 – $1,025 Part-Time Single $800 Per Household Per Unit Full-Time Family $1,396 $1,055 – $1,340 $1,200 – $1,950 $1,200 – $1,750 Part-Time Family $1,329 Table 2: Tested Rate Comparison with Survey Reported and Market Rates
2 4,163 students responded to the survey, resulting in a margin of error of ±1%, well within the target margin of error of ±5%. See Appendix B.
thesciongroup.com OCTOBER 2020 3 DRAFT
SALT LAKE COMMUNITY COLLEGE
College Readiness
Offering student housing for SLCC students will advance stakeholders’ primary objectives for this project, as determined during the Strategic Objectives Workshop. The objectives as defined by College stakeholders are listed in order of importance: financial accessibility, student completion and 3 students living on campus.
The College Foundation is supportive of exploring student housing. Scion met with Foundation members who indicated both an interest and a willingness to continue conversations with the College regarding the need for student housing and how the Foundation may be able to support a student housing initiative.
On-campus housing would support equity and program-completion goals as described in the SLCC Strategic Plan, 2016 - 2023. Stakeholders consistently identified retention and completion as two primary goals of providing student housing. Further, stakeholders view housing as a student success initiative possibly requiring financial support to increase accessibility and educational equity.
Stakeholders acknowledged and considered potential operational impacts should housing be added to the Taylorsville Redwood Campus. Areas discussed included campus safety, risk management, campus building hours, utility infrastructure, counseling, academic support, student programming, food service, information technology and retail availability. Scion noted that the food service facilities are likely well positioned to support an on-campus population.
Stakeholders shared that on-campus housing may support College regional, international and athletic recruitment. Students expressed challenges finding acceptable housing. International students would particularly benefit from a “landing pad” where they can live upon arrival. Most athletes live in staff-arranged housing, but full-service on-campus housing may increase the convenience and the numbers of students served.
By offering housing, SLCC may increase competitive positioning relative to other prominent institutions with residential components in the Salt Lake City area, including the University of Utah and Westminster College, Utah State University, Weber State University and Southern Utah University. The peer institution analysis also reviewed Snow College, which offers housing, including 4 offering housing for students with families. The significant interest in housing from SLCC students with families, further emphasizes that housing would increase SLCC’s competitive positioning.
3 More information regarding the Strategic Objectives is provided in Section 4. 4 More information regarding the peer institutions is provided in Section 11.
thesciongroup.com OCTOBER 2020 4 DRAFT
SALT LAKE COMMUNITY COLLEGE
Community Readiness
Stakeholders expect community support should they decide to proceed with on-campus housing. The City of Taylorsville General Plan calls for the city to encourage student housing and a recent Taylorsville-sponsored study substantiated student housing demand.
SLCC students face a tight rental housing market, with first-quarter 2020 rents rising about 3.2% 5 annually and a low vacancy rate in the market of about 4.4%. Salt Lake City is experiencing what has been termed a “crisis” of affordable housing. While 6,000 new apartment beds are in development, very few will be considered affordable housing. Scion found conventional apartments 6 with adjusted rates ranging from $407 to $1,203 per person per month and shadow market units with a range of $491 to $1,398 per person per month. For years, the shadow market of individually rented rooms and apartments has absorbed much of the excess demand for rental housing. Location, quality, features/amenities, age and other details vary greatly between all types of units.
The full-time presence of residential students on campus would potentially stimulate existing retail outlets near campus which in turn could generate additional employment opportunities for SLCC students. Further, reported retailers’ outreach to the campus suggests there may be interest from the local business community in SLCC student housing.
Potential Housing Programs & Financial Analysis Summary
Scion modeled several programs, with various unit types that would satisfy student preferences and demand (Table 3). The housing programs consisted of apartment-style units, 7 intended to serve either single students and students with families. While the units in each potential housing program are all apartments, the apartment units with by-the-bed contracts are usually most cost effective for single students, while by-the-unit contracts are usually most cost effective for students with families.
5 https://www.huduser.gov/portal/MCCharts/MsasCharts_hc_new.html?msaID=494162,41620&msaName=Salt%20L ake%20City,%20UT%20MSA&dt=May%2027,%202020 6 Adjusted to include furnishing and utility allowances; assuming one person per bedroom in two-, three-, and four- bedroom apartments. 7 Note: This is not an exhaustive list of viable programs. The programs are guides rather than prescriptive. Scion anticipates that any housing program would evolve through a collaborative design process.
thesciongroup.com OCTOBER 2020 5 DRAFT
SALT LAKE COMMUNITY COLLEGE
Program Cohort Served Total Units Total Beds Program #1 Single students & 292 500 Program #2 students with 370 651 Program #3 families 445 800 Table 3: Potential Housing Programs
Based on Scion’s analysis, Programs 2 and 3 demonstrated potential viable P3 projects. The key financial metric to determine financial viability of P3 student housing projects is the debt service coverage ratio (DSCR). The DSCR represents the amount of cash (net operating income less reserves) available for debt service obligations. Programs 2 and 3 achieve the required DSCR of at least 1.20. Achieving financial viability for Program 1 would likely require some form of institutional 8 support from the College.
8 See Financial Analysis Report for more information.
thesciongroup.com OCTOBER 2020 6 DRAFT
SALT LAKE COMMUNITY COLLEGE
Section 2: Recommendations
Scion recommends the following based on the findings from the market study and financial analysis.
Consider advancing the student housing initiative. The robust demand for housing from both single students and students with families demonstrates the scarcity of financially accessible housing in the area. Preliminary financial modeling indicates the financial viability of providing student housing that aligns with student preferences.
Explore implementation options and delivery methods, with particular focus on a Public-Private 9 Partnership (P3) delivery approach. Based on conversations with College leadership, Scion understands that SLCC is not seeking to use College funded debt to finance a project. The P3 delivery approach achieves the Collee’s objective of preserving College debt capacity while also providing the College with residual cash flow. Additionally, funding a project through a P3 allows the College to partially transfer development risk to a private third-party yet maintain a level of control for the student residential experience. The potential housing programs outlined above assume a P3 model that should attract interest from the development community. Refer to Section 3: Implementation Plan and Section 10: First Time Housing Best Practices for next steps in engaging a development partner and best-practices projects.
Conduct a site evaluation to determine the most appropriate on-campus location. Scion recommends a site evaluation matrix to compare the locations from a variety of factors, including but not limited to the following considerations: student life, safety, environmental concerns, traffic patterns and site conditions. Emphasis should be placed on locations more proximate to the Student Center, which houses the cafeteria and other student life offices, and to other student life buildings such as the Lifetime Activities Center and the Markosian Library. It is also important to consider the potential walkability of the area and the connection to off-campus businesses such as grocery stores and pharmacies. Should the College decided to serve students with families, additional considerations may include appropriate space for outdoor play areas and proximity to vehicular traffic.
Examine the level of student services needed to support a 24/7 residential presence on campus. Some services, such as public safety, counseling and student programming and may be adjusted to suit resident needs and financial realities. Stakeholders understood there will be operational impacts, but to fully understand the extent, Scion recommends conducting an early assessment of student services, which will allow for more time to plan for needed adjustments.
9 If desired by the College, Scion will work with SLCC to explore implementation options and delivery methods as well as to validate the financial assumptions used in feasibility testing.
thesciongroup.com OCTOBER 2020 7 DRAFT
SALT LAKE COMMUNITY COLLEGE
Prioritize affordability above other considerations in the planning, design and execution of housing. While students preferred the privacy of apartments over the cost advantages of community- style living and indicated the importance of common study space, they otherwise expressed an aversion to paying higher rates for amenities or generous quantities of community spaces beyond the confines of their unit. Stakeholder meetings and student focus groups reiterated the importance of cost, noting that affordable rents should be an underlying goal of any potential housing. Lastly, the student survey confirmed this by universally ranking of cost/affordability as the most important decision-making factor when determining where to live.
Create a Commuter Lounge, with space for a few microwaves, a fridge and some moveable, flexible seats and tables. Through focus groups and stakeholder meetings, Scion learned that students sometimes struggle to find places to heat their lunches, store their personal belongings during the day, or have a place to regroup before their next class. This was especially challenging for students experiencing homelessness or housing insecurity. While providing student housing will certainly minimize this experience for some students, most students will still commute to campus and a commuter lounge would likely alleviate some of that stress as well as create opportunities to build community.
Establish a Housing Resource Office to support students looking for housing. SLCC already provides great online resources to students, a Housing Resource Office would be an opportunity to centralize the support given by staff across campus to students, especially when they experience a housing emergency. In addition to becoming a one-stop-shop for housing questions, the office could provide information and resources regarding food insecurity. This office should also track the numbers of students utilizing different services. If feasible, locating this resource center immediately adjacent to the Commuter Lounge would create a natural connection between the spaces and likely be best positioned to meet students.
thesciongroup.com OCTOBER 2020 8 DRAFT
SALT LAKE COMMUNITY COLLEGE
Section 3: Implementation Plan
The conclusions from the Market Study demonstrate that SLCC has significant demand for student housing. The robust demand would likely attract interest from the national and local development community for a P3 project. Based on conversations with the client, P3 is the preferred delivery method and during the past few years, several community developers approached the College expressing interest in such a project. This Implementation Plan builds upon the recommendations provided in Scion’s study and highlights the immediate and long-term next steps for a first-time student housing project with a hypothetical move-in of Fall 2023.
Key Milestones for New Student Housing Development
Program & Site Selection
November 2020 – December 2020
Assess potential suitable sites for the new student housing, by using a Site Evaluation Matrix that incorporates factors unique to SLCC and nationwide industry trends.
The matrix should identify site characteristics including, but not limited to: • Preliminary program requirements; size and functional requirements • Connection to the campus from a physical and perception standpoint • Transportation including parking requirements; pedestrian and vehicular circulation and accessibility • Access to retail and uses suitable for a student population • Opportunity for phasing • Others as identified
Developer Selection
January 2021 – March 2021
Create a developer selection procurement strategy that will advance the College’s objectives and yield the greatest number of qualified responses from potential developers. • Identify high target prospects • Provide a succinct summary of the opportunity • Eliminate unknowns (provide comprehensive due diligence materials) • Identify appropriate distribution channels (i.e. web-based platforms, electronic mail)
This process typically entails issuing a Request for Qualifications (RFQ) document followed by a Request for Proposal to the short-listed firms. A pre-proposal session is recommended during the RFQ process with a mid-point working session and interviews during the RFP process.
thesciongroup.com OCTOBER 2020 9 DRAFT
SALT LAKE COMMUNITY COLLEGE
The RFQ/P documents should specify the level and type of development desired to achieve the College’s goals. It should include specific evaluation criteria to effectively measure the strengths and weaknesses of each response relative to the Strategic Objectives. The solicitation will incorporate the technical documents associated with the preparation and development of the RFQ/P, including: • Scion Student Housing Market Study • Proposed deal structure/business terms outlining the development structure(s) suitable to the College • Site information
The selection process should provide a structured assessment of developer responses, consistent with the project vision and objectives. Evaluation criteria may include, but is not limited to: • Approach to achieve the Strategic Objectives • Developer past performance in projects similar in nature, size and scale • Client references • Proposed funding sources • Proposed design • Feasibility of proposed development program • Compatibility of the proposed development program with the existing campus footprint and master plan • Financial benefit to the College and other entities from the proposed development program • Risk to the College • Sustainability goals, local participation and other criteria important to the College
Transaction Negotiations
Upon selection of a developer, a pre-development agreement is negotiated and executed. This important document defines the areas of responsibility for each party through financial close. During design other team members are selected including the not-for-profit owner. Approximately six months prior to financial close, negotiations commence on closing documents that include the ground lease, coordination agreement, and management agreement. Upon financial close, the College enters into a ground lease with the not-for-profit entity.
thesciongroup.com OCTOBER 2020 10 DRAFT
SALT LAKE COMMUNITY COLLEGE
A hypothetical timeline from developer selection to opening date is presented in Table 4.
Dates Action
March 2021 – April 2021 Finalize Pre-Development Agreement (PDA) Design April 2021 – February 2022 Selection of 501(c)3 Negotiation of Ground Lease, Coordination Agreement and Management Agreement November 2021 – February 2022 & Financial Close March 2022 – July 2023 Construction September 2022 Marketing and Leasing begins July 2023 Substantial Completion August 2023 Move in Table 4: Hypothetical Timeline for Fall 2023 Move-In
thesciongroup.com OCTOBER 2020 11 DRAFT
SALT LAKE COMMUNITY COLLEGE
Section 4: Strategic Objectives
On January 28, 2020, Scion led a Strategic Objective Alignment workshop with key stakeholders from the College. The goal of the workshop was to define and prioritize the strategic objectives for the housing study. Scion shared a list of potential objectives based on previous discussions with the Client and Scion’s preliminary research, listed below:
Student Engagement Recruitment of Students Student Completion Alternative Revenue Sources Financial Accessibility Students Living on or near Campus Community Engagement
Stakeholders were asked to rank the objectives in terms of priorities for this project. The lively discussion identified the three most important strategic objectives which are listed and described below in the order of importance, starting with the most important: financial accessibility.
Financial Accessibility
Stakeholders expressed that any housing project should provide a quality student residential environment that prioritizes affordability, and thereby increases accessibility, for students. They further discussed that housing insecurity likely has a significant impact on students’ emotional wellbeing and academic success, and retention.
Student Completion
Stakeholders discussed the negative impact housing insecurity has on student success and retention, especially for students with families. They further noted that students often choose SLCC because they were told to “to go to college”, but are unsure how, why, where, etc. But students are successful at SLCC because of support from faculty and staff. Despite the support, the challenges of increasing rents and a limited housing supply, are too often barriers to completion of their program.
Students Living On Campus
Stakeholders shared that discussions regarding student housing have occurred periodically. Most recently, conversations centered both on addressing students’ basic needs concerns as well as promoting student engagement on campus. Stakeholders also believe housing would contribute to students’ academic success in part due greater access and opportunities to engage with campus resources. Stakeholders did note that there is a difference between offering student housing as just a place to live versus offering housing with a residential experience; and that the experience should be intentionally tailored to the diverse student population.
thesciongroup.com OCTOBER 2020 12 DRAFT
SALT LAKE COMMUNITY COLLEGE
Section 5: Current Conditions
Overview
Salt Lake Community College is the largest community college in Utah, known for its affordability, diversity of students and the transferability of its credits to four-year universities in Utah. SLCC has been fulfilling its mission to, “engage and support students in educational pathways leading to successful transfer and meaningful employment,” since inception, initially as a state vocational and technical school, and then in 1978 becoming a college within the Utah System of Higher Education under the control of the Utah State Board of Regents.
SLCC offers classes across eight disciplines: Arts, Communication and Digital Media; Business; Computer Science and Information Technology; Health Sciences; Humanities; Construction, Manufacturing and Applied Technologies; Science, Engineering and Mathematics and Social & Behavioral Sciences, Education and Human Services. Students choose from over 100-degree programs as well as certificate programs, continuing education, apprenticeships, non-credit and other options. With a faculty-to student ratio of 1:20 and an average class size of under 20 students, SLCC awarded 3,220 associate degrees and 1,266 certificates in 2019. All students awarded associate degrees or a General Education Certificate of Completion have met the lower division general education requirements and select lower-division major requirements for a bachelor’s degree at any Utah System of Higher Education public institution, and 73% transfer to a four-year institution.
thesciongroup.com OCTOBER 2020 13 DRAFT
SALT LAKE COMMUNITY COLLEGE
Locations
The largest of the eleven locations is Taylorsville Redwood, located on Redwood Road in Taylorsville, just under four miles from Salt Lake City. SLCC has other sizable campuses in Salt Lake City and West Jordan and seven other campuses and centers elsewhere in the Salt Lake Valley. Many students take classes on more than one campus; Table 5 shows the actual (duplicated) headcount 10 by campus.
Campus/Location 2015 2016 2017 2018 2019 Taylorsville Redwood Campus 27,060 26,127 24,920 23,541 21,832 South City Campus 8,447 7,642 7,604 7,355 6,959 Jordan Campus 8,513 7,901 7,690 7,862 7,915 Miller Campus 3,837 3,845 3,468 2,620 2,613 Off Campus 2,496 2,502 2,403 2,097 1,963 Westpointe Center 277 240 189 576 1,054 West Valley Center 371 1,029 1,264 1,195 949 Herriman Annex 0 0 0 186 423 Library Square Center 1,352 1,104 844 638 506 International Airport Center 224 193 193 196 243 Community Writing Center 0 1 0 0 1 Meadowbrook Campus 322 441 305 223 127 Utah State Prison 0 0 107 198 157 Table 5: Total Enrollment by Campus
To increase access to campus locations, SLCC students, faculty, and staff are eligible for free UTA Buses, TRAX and FrontRunner passes on their SLCC OneCard, enabling them to use public transportation to Salt Lake City and other destinations through the valley.
10 Students are included for each campus where they took classes and may be counted on multiple campuses.
thesciongroup.com OCTOBER 2020 14 DRAFT
SALT LAKE COMMUNITY COLLEGE
Enrollment
Fall 2019 headcount enrollment was 33,893, excluding students who only take classes online. Enrollment has declined by over 5,000 students since 2015, but SLCC projects modest (1%–2%) growth returning enrollment to 2015 levels by 2029, as Table 6 shows with a 1% growth assumption in the shaded projections.
Actual/Projected Enrollment Full-Time Part-Time Total 2015 11,629 27,719 39,348 2016 11,151 27,056 38,207 2017 11,101 25,792 36,893 2018 10,676 24,447 35,123 2019 9,926 23,967 33,893 2020 10,075 24,327 34,401 2021 10,226 24,691 34,917 2022 10,379 25,062 35,441 2023 10,535 25,438 35,973 2024 10,693 25,819 36,512 2025 10,854 26,207 37,060 2026 11,016 26,600 37,616 2027 11,182 26,999 38,180 2028 11,349 27,404 38,753 2029 11,520 27,815 39,334 Table 6: Historical Enrollment and Projections (with 1% growth), 2015–2029
SLCC’s strategic plan quantifies the increase in student completion goal rising from a 26% to a 40% completion rate, which would mean supporting another 1,000 students in finishing their studies. In addition to the enrollment growth because of higher completion rates, the plan also considers expanding enrollments in noncredit specialized trainings that are prime for expansion.
One of SLCC’s points of pride is the diversity of its student body. Although 94% of students are Utah residents, 70% work while at SLCC, 56% are the first in their family to attend college, 48% are awarded financial aid, 40% are of an ethnicity other than White, 33% are 20 years old or younger 11 and about 18% are married. SLCC also has about 1,250 veterans and 250 refugees enrolled.
11 https://www.slcc.edu/future/index.aspx#did-you-know
thesciongroup.com OCTOBER 2020 15 DRAFT
SALT LAKE COMMUNITY COLLEGE
Housing
While SLCC does not offer housing or endorse third-party housing providers, the SLCC Orientation & Student Success website does offer some guidance for students living on their own, including a listing of some nearby apartments, similar to a list provided by the Office of International Student Services 12 to students coming from outside the US.
SLCC coaches also help athletes in find housing. For almost 200 interscholastic athletes, the College provides financial aid that helps cover the cost of housing, from between $200 to $400 per athlete per month. About 10% of athletes are international students.
Dining
The College has a food court in the Student Center on the Taylorsville Redwood Campus. The options, offerings and hours are shown in Table 7. Although the coffee shop opens at seven weekday mornings, there are no food venues open after five in the afternoon or three on Fridays and the food court is closed on weekends. The immediate neighborhood in Taylorsville has limited retail within walking distance of campus, although there are several supermarkets and about 20 restaurants within two miles of the campus.
Service Option Offerings Hours What’s Bruin Coffee and Beverage M–F 7–2 Chilangos Mexican Cuisine M–Th 9:30–2:30 Ekamai Thai Thai Cuisine M–Th 9–5 & F 9–3 Smoke-A-Billy BBQ BBQ and Pizza M–Th 10–2 Uzzy’s Grill Burgers and More M–Th 8:30–3 & F 9–1:30 Table 7: Taylorsville Redwood Campus Food Court
12 https://www.slcc.edu/oss/housing/things-to-consider.aspx and a similar version for international students at https://www.slcc.edu/iss/apply/apply-from-outside.aspx
thesciongroup.com OCTOBER 2020 16 DRAFT
SALT LAKE COMMUNITY COLLEGE
Section 6: Demand Analysis
Process & Calculation
Scion calculated demand for housing among cohorts of full-time students and part-time students enrolled in 6-11 units. In addition to splitting demand projections by enrollment status, Scion also calculated demand by campus. The “by campus” demand utilized students’ self-reported “primary” campus, which was defined the primary campus at which they attend classes. Based on conversations with SLCC stakeholders, demand was examined based on students who identified Taylorsville Redwood, South City or Jordan as their primary campus. The other campuses were combined into a separate and final group.
Demand was calculated using these key identifiers (enrollment and primary campus) to allow for nuances in the demand methodology between Taylorsville Redwood and other SLCC campuses. Demand was evaluated for three housing types: • “Community Style” Beds • “Apartment Style” Beds • Apartment Units
Students could select their preferred housing type, regardless of their familial status. However, by- the-bed housing is generally intended for single students (those not living with a partner and/or dependents), while housing by-the-unit is usually more financially feasible for students with families 13 (those living with a partner and/or dependents).
Demand for on-campus housing was estimated using a “Reasonably Available Market” (RAM) methodology for each housing type, and by cohort. The RAM refers to the subset of the student population that is determined to be ‘available’ to potentially live on campus. Starting with Fall 2019 enrollment data provided by the College, students were included in the RAM based on responses to survey questions that contributed to their likelihood of living in on-campus SLCC housing. Factors considered in determining the RAM included, but were not limited to: • Current living situation • Interest level in the housing options tested on the survey • Satisfaction with current housing • Commute time to primary campus
13 Fair Housing prohibits restricting access to housing based on familial status. Any of the housing programs would be available to students regardless of their familial status. Scion organizes the programs acknowledgement of the how living experiences and housing needs of single students generally differs from students with families.
thesciongroup.com OCTOBER 2020 17 DRAFT
SALT LAKE COMMUNITY COLLEGE
Scion also considered students’ ability to pay for SLCC housing, based on their current monthly living 14 expenses (cost tolerance). Students whose self-reported living expenses were lower than the lowest survey tested rates were removed from the RAM. Similarly, a portion of those paying an amount within $75-$100 of the lowest test rate for their preferred housing type were also removed from the RAM.
Recognizing that cost may be the primary driver of demand, the College was interested in understanding how demand might increase if the College or other supporting entity were able to provide scholarships or subsidies to discount the rates. Therefore, Scion also calculated demand based on which rates students indicated a willingness to pay: the baseline rate or the discounted 15 rate. Discounted rates were 13%-17% less than the baseline rates for housing rented by-the-bed and 5%-10% less for housing rented by-the-unit, depending on the unit type respondents selected.
After calculating the demand for the three housing types, Scion consolidated demand for the two types of by-the-bed housing from which respondents were able to choose. Using data from students who indicated they would be willing to consider apartment style housing by-the-bed if their preferred choice, community style housing, was not available, a portion of the demand for community style beds was added to demand for the more popular apartment style beds. For this reason, demand for community style housing beds is not reported.
Conclusions
The study determined a demand for at least 518 beds of housing in an apartment configuration to accommodate single students, and at least 607 conventional apartment units primarily for students with families. Table 8 summarizes the potential demand estimates. To consider the way in which demand might increase if discounted rates were available for SLCC housing, demand was evaluated at both the initial housing rates tested in the survey and discounted housing rates. Assuming discounted rates, potential demand grew to 643 apartment beds for single students and 679 apartment units for family students.
14 The survey question asked students to report both their monthly rent and their monthly utilities expenses. 15 Respondents who indicated they would not live in their preferred unit type because of cost, were shown a follow-up question asking if they would pay for the same housing at the discounted rate. If respondents did not indicate cost as the reason, they were uninterested in living in their preferred unit type, they were not shown the discounted rates.
thesciongroup.com OCTOBER 2020 18 DRAFT
SALT LAKE COMMUNITY COLLEGE
Potential Increase Potential Total Primary Campus Total Enrollment in Demand Demand with Demand at & Unit Type Taylorsville South Other Discounted Jordan Initial Rates % # Redwood City Campuses Rates Consolidated Demand for “Apartment-Style” Beds (By-the-Bed) Full-Time (12+ units) 118 44 29 53 518 Beds +24% +125 Beds 643 Beds Part-Time (6 – 11 units) 163 45 36 30 Demand for Apartment Units (By-the-Unit) Full-Time (12+ units) 112 43 33 38 607 Units +12% +72 Units 679 Units Part-Time (6 – 11 units) 212 61 66 42 Table 8: Calculation of Demand Based on Fall 2019 Enrollment
thesciongroup.com OCTOBER 2020 19 DRAFT
SALT LAKE COMMUNITY COLLEGE
Section 7: Off-Campus Market Analysis
Salt Lake City Apartment Market
16 According to government tracking by HUD, first-quarter 2020 Salt Lake City market conditions have not improved for renters over the last year and new developments will not arrive for several years to reverse the trend:
“Both the apartment market and the overall rental housing market in the metropolitan area are balanced. The apartment vacancy rate was 4.4% in the first quarter of 2020, up from 4.2% a year earlier (RealPage, Inc.). Asking rents increased 3.2% during this period, to average $1,199 a month. During the 12 months ending February 2020, 5,925 multifamily units were permitted, compared with 3,150 units a year earlier (preliminary data). An average of 2,800 units were permitted annually from 2013 through 2017, up from an average of 1,725 units annually from 2000 through 2009.”
Rental Market Analysis
Scion conducted an analysis of the off-campus rental market to understand the housing options that are available to students who attend Salt Lake Community College. This information will allow the College to understand the competitive landscape in terms of rental rates and amenities.
The analysis focused on professionally managed apartments, which are likely to attract SLCC 17 students, in areas that are between 1.1 and 8.2 miles of campus. They were identified through a Google Maps search for apartments near the Taylorsville-Redwood Campus and the list of properties 18 on SLCC’s Orientation and Student Success website.
16 https://www.huduser.gov/portal/MCCharts/MsasCharts_hc_new.html?msaID=494162,41620&msaName=Salt%20 Lake%20City,%20UT%20MSA&dt=May%2027,%202020 17 A complete list of properties included in this analysis are provided in Appendix C. 18 https://www.slcc.edu/oss/docs/apartment-listing.pdf
thesciongroup.com OCTOBER 2020 20 DRAFT
SALT LAKE COMMUNITY COLLEGE
Apartment Rental Options
The available options are categorized as either conventional apartments or shadow market rentals:
Conventional apartments: “Conventional” apartments rent by the unit (not by the bed), are unfurnished, and most utilities are not included in the monthly rent. Scion reviewed 31 conventional properties, with a unit mix that included studio and one-, two-, three-, and four-bedroom apartments (although there were a limited number of studio, three- and four- bedroom units). Rental rates, amenities, and other fees were provided by Rentler.com and other online rental websites in March 2020. Students during Scion’s focus group sessions referred to KSL.com as their primary search tool for locating apartments. Scion found that KSL.com’s classifieds mirror information from Rentler.com.
Water, sewer and trash/garbage (WST) and high-speed/wireless Internet are rarely included in the monthly rent. The median for security deposits was $250 per unit, but the deposits did range between $0 and $550 per unit. Conventional apartments in this market have varying laundry options: about a third have washing machines and dryers in the unit, almost half have “hookups” for renters to supply their own laundry equipment, and less than a quarter provide shared on-site laundry facilities. Many of the conventional apartment complexes have common area amenities like a swimming pool and fitness center.
Shadow rental market: The shadow market is the inventory of individual rooms for rent and privately or investor owned condos, townhomes, and single-family homes that offer alternative accommodations to the conventional apartment communities. Online searches revealed that an assortment of options in the Taylorsville and surrounding area are available for rent. Scion compiled a list of 35 rooms available, houses or individual apartments from advertisements posted on Rentler.com and divided the options into three broad categories: • Apartments, either condominiums for rent by individual owners or in houses—often basements—with private entrances, bedrooms, kitchens, and bathrooms • Houses, including single family homes, duplexes, and townhomes • Rooms, roommate-wanted situations where the renter has a private bedroom but shares the other common areas, bathrooms, and kitchen with an owner or leaseholder
About half include some utilities in the stated cost; about a quarter include no utilities and about a quarter include all utilities. Lease terms vary by circumstance; many are for 12 months but some properties appeared to prefer month-to-month.
thesciongroup.com OCTOBER 2020 21 DRAFT
SALT LAKE COMMUNITY COLLEGE
Quoted Student Monthly Rental Rates
A summary of the 31 rental rates offered by the conventional apartment properties that were included in the analysis for this report is shown in Table 9. Many properties offer several units with the same 19 number of bedrooms but different rents.
Properties Different Minimum Median Maximum Unit Type Offering Types Rent Rent Rent Studio 6 6 $740 $860 $949 One-bedroom 28 43 $800 $949 $1,203 Two-bedroom 29 49 $900 $1,090 $1,565 Three-bedroom 11 13 $1,299 $1,400 $1,699 Four-bedroom 1 1 $1,629 $1,629 $1,629 Table 9: Advertised Monthly Rates per Unit, Conventional Apartments
A summary of the 35 options for quoted rent found in the shadow market that were included in the analysis for this report is in Table 10, below.
Apartment House Room Rate Summary (n=12) (n=11) (n=12) Lowest rate per person $442 $320 $365 Median rate per person $575 $487 $475 Highest rate per person $995 $838 $650 Table 10: Advertised Monthly Rates per Person, by Type, Shadow Market Rentals
Adjusted Student Monthly Rental Rates
Scion adjusts the advertised by-the-unit rental rates in the market to by-the-bed equivalent rates, to create a more accurate comparison of on and off-campus rental rates. The adjustments assume the following about students who rent off-campus: • Students do not share bedrooms • Students split costs evenly among all residents, regardless of possible differences in bedroom sizes and/or features
19 The minimum, median, and maximum are calculated from the list including multiple types per property, if applicable. For example, Autumn Glen offers a regular one-bedroom unit for $960 and a one-bedroom loft for $1,180 per month.
thesciongroup.com OCTOBER 2020 22 DRAFT
SALT LAKE COMMUNITY COLLEGE
Per bed conventional apartment rates are shown in Table 11.
Properties Different Minimum Median Rent Maximum Unit Type Offering Types Rent per Bed per Bed Rent per Bed Studio 6 6 $740 $860 $949 One-bedroom 28 43 $800 $949 $1,203 Two-bedroom 29 49 $450 $545 $783 Three-bedroom 11 13 $433 $467 $566 Four-bedroom 1 1 $407 $407 $407 Table 11: Monthly Rates per Person, Conventional Apartments
To provide a slightly more equal comparison to the type of housing that may be offered on campus, Table 12 provides an overview of the rates for the conventional apartment properties found in the market, adjusted to account for furniture, electric, heat, water, cable television and Internet accordingly.
Minimum Adjusted Median Adjusted Maximum Adjusted Unit Type Rent per Bed Rent per Bed Rent per Bed Studio $935 $1,055 $1,144 One-bedroom $995 $1,144 $1,398 Two-bedroom $575 $670 $908 Three-bedroom $531 $565 $665 Four-bedroom $491 $491 $491 Table 12: Adjusted Monthly Rates per Person, Conventional Market Only
Adjusting the shadow market rates as shown in Table 13 involves a similar approach. Adjustments are made to assume only one resident per bedroom (in a case that a shadow market property had more than one bedroom) and to included utilities and/or furnishings.
Apartment House Room Adjusted Rate Summary (n=12) (n=11) (n=12) Lowest Rate per Person $527 $404 $430 Median Rate per Person $725 $585 $508 Average Rate per Person $752 $597 $550 Highest Rate per Person $1,065 $943 $748 Table 13: Adjusted Monthly Rates per Person, Shadow Market
thesciongroup.com OCTOBER 2020 23 DRAFT
SALT LAKE COMMUNITY COLLEGE
Section 8: Summary of Qualitative Student Feedback
Student Focus Group Overview
Focus groups are intended to yield qualitative data and reveal students’ hidden sensitivities. Through the focus groups, Scion gained a greater understanding of students’ concerns and preferences regarding their current housing situations and the potential of future student housing. In the focus group meetings with SLCC Students, they consistently expressed several similar concerns and experiences, which are summarized below.
Affordability of housing was a concern shared by almost all participants across all focus groups. While affordability may have a different meaning for each student, concerns regarding costs were consistently mentioned as the most important factor in deciding where they live now. Further, it was expressed as the most important factor in determining their interest in the proposed housing. Some students’ budgets limited their housing expenditure to about $250 per month, but other students could afford $700 per month.
Basic housing would suit most students’ needs and preferences. Students preferred lower cost options but were willing to pay a bit more for private bedrooms and private or semi-private bathrooms.
Travel and transportation concerns burden many students. Students reported that commutes of half an hour to an hour each way are not uncommon. At SLCC the issue is exacerbated by students who take classes on more than one campus and/or who are employed off campus. Time spent on public transportation or driving a personal vehicle is time that cannot be spent studying.
At-risk populations, including those with housing insecurity, mental health issues, and safety challenges, may benefit from College-managed housing sensitive to their needs. Focus group participants, sometimes but not always speaking about themselves, also showed concern for their peers. They often suggested that College housing might have helped people they knew—or knew of—who had to leave the College due to insecurity and/or lack of safety in their own housing.
Housing could especially benefit certain subgroups. International students and athletes may have trouble finding acceptable housing until they have come to the city and become familiar with neighborhoods and housing options. LGBTQ+ students may encounter hostility or discrimination in leasing. Some Native American students face especially long commutes with limited public transportation options. Some young married couples live with one spouse’s parents and would prefer independence.
thesciongroup.com OCTOBER 2020 24 DRAFT
SALT LAKE COMMUNITY COLLEGE
Many participants had found it difficult to find satisfactory housing in the rental market. Overall, the market does not have many units available. Taylorsville has limited rental housing students can afford near campus, so many must make a tradeoff between convenience and cost and settle for more distant housing.
Students’ time spent handling family responsibilities detracts from the time available for academics, like travel time. Some students mentioned the need to supervise younger siblings, the need to care for a parent or grandparent, and the need to work to help financially support their families.
Some participants saw housing as a potential solution that would bring resources lacking on campus. Currently many students leave campus when not in class. By having residents on campus all the time, even non-residential students could benefit from more places to hang out, longer hours and buildings open later.
thesciongroup.com OCTOBER 2020 25 DRAFT
SALT LAKE COMMUNITY COLLEGE
Section 9: First Time Housing Best Practices
First-Time Student Housing Benchmarks
Scion has current and former clients that are planning or have opened first-ever housing. Each institution faces unique challenges when deciding whether to add a housing program. Through our experience working with these clients, Scion found common characteristics and lessons learned including, 1) the reasons colleges consider a new housing facility, 2) primary concerns leading up to and throughout the building process, and 3) best practices and considerations for housing operations. Summaries of each institution referenced below are included in Appendix D.
The institutions referenced in this section include: • Centennial College (Centennial) – Toronto, ON • Columbia College (Columbia) – Sonora, CA • Orange Coast College (OCC) – Costa Mesa, CA • Santa Rosa Junior College (SRJC) – Sonoma County, CA
Reasons for Building a New Campus Housing Facility
High Cost-of-Living and Lack of Affordable Housing
Many factors play a role in an institution deciding to build new student housing. Like SLCC, many of Scion’s clients are in high cost-of-living areas. High housing costs near the institution is a common reason for building student housing. Limited access to affordable housing adversely impacts students in the following ways: • Longer commute times: If students are unable to afford housing close to campus, they are forced to choose living options that are further away, increasing their commute time making it marginally more difficult for them to attend classes. Beyond challenges attending classes, longer commutes also minimize the time available for schoolwork and/or their ability to be involved in other aspects of campus life. • Limited opportunities for additional income: Students enrolled in classes already have less time than others to devote to paid employment opportunities, so it can be more difficult for them to gain additional income that can be used for housing expenses. This can also be adversely impacted by longer commute times.
Attracting Students from Out of the Area
Some institutions want to start a housing program to recruit from outside their traditional matriculation footprints so that more students can take advantage of specialized programs offered by the college. This includes international students. Like domestic students, some international students begin their post-secondary studies at two-year colleges like SLCC with the intent of later transferring to a four- year school.
thesciongroup.com OCTOBER 2020 26 DRAFT
SALT LAKE COMMUNITY COLLEGE
Because international students are less likely to be able to live with family members while attending college, they are prime candidates for on-campus student housing. The presence of on-campus housing may be a deciding factor when making the decision regarding their post-secondary school, as international students generally face additional barriers to securing housing such as no credit history or limited access to qualified individuals who co-sign on a lease.
Primary Concerns Leading Up to and Throughout the Development Process
How to Finance A New Building
How to finance a housing project is one of the primary pre-building concerns facing any campus. Depending on the financial circumstances of the institution the available options typically include using monies in reserve accounts, issuing bond debt or seeking funding from a third party. Borrowing money leaves the school with decreased flexibility and debt capacity to take on other capital projects, while dipping into reserve funds (if they are available). This leaves the institution vulnerable to unforeseen future costs. To avoid taking on additional debt and to preserve reserve funds, a growing number of institutions are utilizing Public-Private Partnerships (P3s), which involve partnering with a third party for the financing, delivery and/or management of a new campus facility.
Scion is working at Orange Coast Community College (OCC) and with Santa Rosa Junior College (SRJC) and both are utilizing P3 structures for their first campus housing facilities. While the district owns the land on which the projects is located, each of the new projects is structured as a ground lease to a not-for-profit organization. Thus, the projects can be financed using tax-exempt debt financing.
Choosing a Trusted Advisor
If an institution chooses to pursue a P3, selecting the most appropriate development partner is vital to the success of a new student housing facility. To accomplish this, schools might consider conducting a procurement process that asks for proposals from development teams comprised of multiple firms, each with their own specialty such as architects, construction firms, underwriters and property management firms.
For example, another one of Scion’s clients, Centennial College in Toronto, Ontario was experiencing high demand for housing among its enrollees, including a growing number of international students. The existing housing facility, a converted hotel, was past its useful lifespan and not large enough to accommodate all the students who needed housing. When embarking on the process of replacing the old hall with a new residence building, Centennial chose to request proposals from development teams. They also wanted an experienced campus operator for the residence to manage the many specialized and complex tasks associated with maintaining a student residence hall.
thesciongroup.com OCTOBER 2020 27 DRAFT
SALT LAKE COMMUNITY COLLEGE
The process attracted high quality proposals from a variety of firms, allowing the institution to choose partners with which they felt comfortable negotiating the complex issues in P3 agreements, such as: • Whether a developer will require a guarantee from the college that the building reach a certain occupancy level; Centennial selected a proposal that did not include an occupancy guarantee to reduce financial risk to the school. • Control over matters such as rental rates, especially if the school chooses to have a third party operate and manage the new housing facility; Centennial’s housing is managed by a national college housing management firm. • Whether the facility will have multiple uses; Centennial did not originally plan to develop a mixed-use building and did not include non-residential spaces in their request for proposals. They later negotiated the addition of a culinary school with the selected developer. The development also includes student-run restaurants and a public event space.
Creating a Residential Experience
Creating a residential experience for students living on campus is more than simply building a facility. Adding a residential building requires special considerations for campuses with no existing housing, including: • Dining – If an institution plans to build a style of housing that does not contain either apartment or suites with kitchens, it is critically important to determine the availability of 24/7 dining services. • Security – When students live on campus outside of normal academic hours, a school must consider appropriate security measures for a 24-hour student presence. For example, Centennial has a new residence building that is a mixed-use facility that includes student- run restaurants and an event space open to the public. To ensure resident safety, additional security measures (including 24-hour front desk security and a dual-key system) were put in place to separate public spaces from students’ living spaces. • Recreational Facilities / Libraries – Schools may consider expanding access to any existing campus recreational facilities and libraries for students living on campus or adding recreational equipment and enough study spaces in residential common areas. • Residential Life Programming – Offering themed communities, holding special events and other forms of residence life programming help to build connections among students and strengthen their ties to the school. • Student-Faculty Interaction – Institutions wanting to expand opportunities for faculty involvement in student life have considered adding a classroom in the residence hall, hosting educational programs in the residence hall and/or live-in faculty.
These factors help make the campus experience more comfortable for students and provide them with the support needed to focus on their academic and extracurricular activities.
thesciongroup.com OCTOBER 2020 28 DRAFT
SALT LAKE COMMUNITY COLLEGE
Best Practices/Considerations for New Campus Housing
Whether or not the development, physical structure, and/or residential program is managed by the school, it is important to consider the items discussed below. Please note this is not an exhaustive list and it has been provided to offer insight into the breadth of institutional impact schools can expect when adding a residential program.
Establishing and Integrating Operational Systems
Operating a residential building requires implementing a wide array of systems including those related to the facility’s finances, safety measures during events such as lockdown and fire drills, processes such as evictions and maintenance activities like building inspections. If a school hires an outside company to manage and operate the building, they must also consider how to integrate the residential operating systems into those used for other campus facilities.
To ensure that financial operations for the new housing run smoothly, the school must set up a system that allows for the timely billing and collection of students’ rental fees. One detail to consider is the frequency of billing, and whether billing monthly, per semester, or per academic year makes the most sense for residents and the institution. Schools must also ensure that whatever system put into place interfaces well with their existing financial systems for processes such as tuition payment.
Providing Input for Major Personnel Decisions
It may not be feasible or affordable for an institution to hire all the staff members needed to operate and maintain a housing facility, however, it is crucial for the school to have input in major hires. Key positions within the Department of Residence Life, such as the Director of Residence Life and any positions that oversee the selection and management of student residential staff will help shape the culture of the program and set the tone for all employees.
Creating a Responsibility Matrix
To organize the tasks included in planning and opening a new housing facility, institutions should consider a responsibility matrix that clarifies the responsibilities of involved parties such as the institution, their advisors, developers, financers or others. This Responsibility Matrix will be formalized for closing documents. Possible items include but are not limited to: • Staffing: creating position descriptions and setting a timeline for hiring • Marketing and branding: developing online and physical materials advertising the new housing facility and its features and amenities to potential residents • Security: what technology and other safeguards are in place to keep the community safe; developing protocol for response to resident emergencies and other unforeseen events • Facilities: establishing a plan for maintaining the building and grounds, as well as creating a system for residents to report any needed repairs
thesciongroup.com OCTOBER 2020 29 DRAFT
SALT LAKE COMMUNITY COLLEGE
• Student conduct management: determining how to manage incidents of student code of conduct violations arising in the residential facility • Emergency and crisis response: developing policies and procedures for managing critical issues arising in the residential facility • Assignments: determining whether the school or the management company manage applications and assignments to the units within the facility
Clarifying which parties/departments will perform which tasks are vital to ensuring the facility operates effectively, and students as well as the school are satisfied with the residential program.
thesciongroup.com OCTOBER 2020 30 DRAFT
SALT LAKE COMMUNITY COLLEGE
Section 10: Peer Institutions Analysis
Overview
Scion examined housing programs at three peer institutions identified by SLCC. The three peers (in alphabetical order) are: • Snow College, Ephraim, UT (“SC”) • University of Utah, Salt Lake City, UT (“U of U”) • Westminster College, Salt Lake City, UT (“WC”)
For this study, Scion gathered information on housing offerings, cost, amenities, plans for new housing (if any) and residence life staffing and programming. To do this, Scion reviewed institutional and related websites.
Snow College Overview
Snow College is a two-year, state-supported institution. The main campus is in Ephraim, Utah with another in Richfield, Utah. SC serves six counties with over 5,500 students, 95% are from Utah.
There are six residence halls for single students with a variety of unit types including traditional-style, suites and apartments. The Suites at Academy Square which opened in 2012, is the newest and was 99% occupied in Fall 2019. Amenities include study rooms, game rooms, community kitchens and fitness rooms in most halls. Two additional housing facilities, totaling 13 units, are designed for 20 family housing. All housing rates include cable, Wi-Fi, and on-site laundry (cost included).
Housing and Dining Rates
There is a $50 non-refundable application fee and a $150 deposit ($100 is refundable) for each application. For single students, a double-room rate ranges from $1,850 to $2,350 per person, per academic year and a single room from $2,598 to $3,950 (see Table 15).
20 For more information, go to www.snow.edu.
thesciongroup.com OCTOBER 2020 31 DRAFT
SALT LAKE COMMUNITY COLLEGE
Single Student Housing Rates (per person) Anderson Hall, Snow Hall Traditional Double $1,850 Anderson Hall, Snow Hall Traditional Single $2,598 21 Castilleja Hall, Mary Nielson Hall Three-Bedroom Apartment Double $1,950 Castilleja Hall, Mary Nielson Hall Three-Bedroom Apartment Single $2,798 Traditional Single Nuttal Hall Rates vary Three-Bedroom Double 22 Suites at Academy Square Three-Bedroom Suite Double $2,350 Suites at Academy Square Four-Bedroom Suite Double $2,050 Suites at Academy Square Four-Bedroom Suite Single $3,198; $3,950 Table 14: SC 2019-2020 Single Student Housing Costs
For married students and students with families, a one-bedroom apartment is $3,198 and a two- bedroom apartment is $3,398 per unit, per academic year. Summer leases are also available. A breakdown of married/family housing rates is shown in Table 15.
Married/Family Student Housing Rates (per unit) AY $3,398 The Cottages Two-Bedroom Apartment Summer $1,399 AY $3,198 Greenwood Hall One-Bedroom Apartment Summer $1,299 Table 15: SC 2019-2020 Married/Family Housing Costs
Meal Plan costs for the academic year are in Table 16. Both plans represent a declining balance to make purchases at dining venues and the bookstore or to be used for copy machines. Both meal plans are limited to four meals per day. First semester Badger Bucks will roll over to second semester or will be refunded.
Plan Name AY Cost Note Plan A $1,590 Required for residents of all residences without in-unit kitchens. Plan B $400 Required for all other residents. Table 16: SC 2019–2020 Meal Plan Costs
21 All apartments in Castilleja and Mary Nielson Halls are designed for five residents in a combination of single and double-occupancy bedrooms. 22 Suites at Academy Square are designed for six or eight students per unit.
thesciongroup.com OCTOBER 2020 32 DRAFT
SALT LAKE COMMUNITY COLLEGE
University of Utah Overview
The University of Utah (‘U of U), the flagship university of Utah, enrolled 32,818 undergraduate and graduate students in fall 2019. The university offers more than 100 undergraduate and 90 graduate degree programs and has more than 600 academic, social and athletic groups on campus. The university offers undergraduate and graduate housing, with several living-learning communities and one entrepreneurially focused residential program. Much of the U of U housing was originally built as athlete housing for the 2002 Winter Olympics. Students also may live in the housing for one of the U of U’s 18 fraternity and sorority groups. About 17 university-owned houses are available for faculty 23 and staff and about 1,100 apartment units are available for students with families.
24 The U of U’s undergraduate single student housing, most built since 2001, has about 4,400 beds and consists of the options shown in Table 17.
Area or Building Capacity Description Contains Chapel Glen, Gateway Heights and Sage Heritage Commons 2,350 beds Point residence halls, Officers Circle houses and Benchmark Plaza and Shoreline Ridge apartments On the Lower Campus, with four floors of residential Lassonde Studios 412 beds units over a 20,000 sq. ft. entrepreneurial “garage” level for students to create and launch new products Donna Garff Marriott Honors On the Lower Campus, apartments for sophomores, Residential Scholars 309 beds juniors and seniors, with a market/convenience Community store and classroom spaces Cedar Court 700 70 beds Overflow borrowed from U of U family housing Downtown Commons 1 and 2 98 beds Apartments downtown U of U at Block 44 180 beds Downtown apartments master leased by U of U Opening in fall 2020 near the honors housing, will offer clusters and suites for first year students, with Kahlert Village 992 beds proposed rates from $6,846 to $8,420 per resident per academic year Total Capacity (Fall 2020) 4,411 beds Table 17: University of Utah Housing Options
23 https://apartments.utah.edu/ 24 https://housing.utah.edu/housing-options/undergraduate-housing/
thesciongroup.com OCTOBER 2020 33 DRAFT
SALT LAKE COMMUNITY COLLEGE
Housing and Dining Rates
Housing rates vary widely based on the housing type, bedroom privacy, the number of bedrooms in the unit, age of facilities, and other amenities, as Table 18 shows.
Location & Unit Residence Hall Rooms Apartment Bedrooms Type Triple Double Single Quad Triple Double Single Residence $4,595– $4,595– $6,612– Halls & Houses $4,959 $5,976 $7,075 Lassonde Cluster Cluster Loft Loft Pod Studios $7,682 $8,831 $9,555 $10,127 $9,790 $7,186– $7,909– Honors $6,204 $7,482 $8,230 Shared Bedrooms Private Bedrooms Location & Unit Two- One- Four- Three- Two- One- Type Studio Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Main Campus $6,968 $7,456 $7,969 Apartments Downtown $4,031– $5,029– $6,107– $7,622– $7,665 $10,406 Apartments $7,665 $5,727 $10,423 $10,996 25 Table 18: 2019–20 Housing Rates per Person per Academic Year
25 https://d2vxd53ymoe6ju.cloudfront.net/wp-content/uploads/sites/2/20190403084617/Main-Campus-trim-3.pdf and https://d2vxd53ymoe6ju.cloudfront.net/wp-content/uploads/sites/2/20190403084611/Off-campus-trim-4.pdf
thesciongroup.com OCTOBER 2020 34 DRAFT
SALT LAKE COMMUNITY COLLEGE
Chartwells operates 14 food service locations for U of U, ranging from an all-you-care-to-eat buffet- style dining hall to coffee shops and convenience stores. Meal plans are required for most residential students but optional for apartment residents and Lassonde loft or pod residents, as Table 19 shows.
Meals Dining Dollars Plan Rate Required for Residents Per Week Per Semester Flex Lassonde Plan 21 $5,148 21 $350 Res Halls Plan 18 $4,855 18 $200 Res Halls
Plan 15 $4,978 15 $350 Res Halls
Plan 10 $4,445 10 $350 Res Halls 150 Block $4,263 150 $400 Res Halls 40 Block $1,858 40 $400 Houses Lassonde Red $4,722 $5,372 Clusters Lassonde Black $4,085 $4,085 Clusters Lassonde White $1,960 $1,960 Optional for Pod/Loft Table 19: 2019–20 Meal Plan Rates per Academic Year
thesciongroup.com OCTOBER 2020 35 DRAFT
SALT LAKE COMMUNITY COLLEGE
Westminster College Overview
Westminster College enrolls 2,215 students on its 27-acre campus in Salt Lake City. The college has five academic schools offering over 50 undergraduate areas of study and 13 graduate programs. Freshmen and sophomores are required to live on campus. About 600 students—35% of undergraduates—are housed in residential facilities that include traditional style halls (Carleson and Hogle), apartment style halls (Olwell, Behnken, Stock and Westminster on the Draw) and several campus-owned houses (Arbogast, Coyner, Duddy Duplex, Palmer, Peterson, Reherd, Shaw, Watson and Weyher).
Housing and Dining Rates
Westminster offers shared bedrooms in traditional residence halls and private bedrooms in apartments. The newest units in Westminster on the Draw (opened in 2012) are priced at a 26 premium, as Table 20 shows.
Residence Room Rate Traditional-Style Double, Hogle/Carleson $5,920 Apartment-Style Single, Olwell/Behnken/Stock/College-Owned Houses $7,544 Apartment-Style Single, Westminster on the Draw $9,020 Table 20: 2019–20 Westminster Housing Rates per Academic Year
Residents may visit the Cornerstone Cafe or Griff's Roost Coffee Shop for meals under one of the meal plans required for all except those in Westminster on the Draw. Table 21 shows the two declining-balance meal plan options; Westminster states the Gold Meal Plan averages about two meals per day.
Meal Plan Board Rate Purple Meal Plan $3,388 Gold Meal Plan $4,282 Table 21: 2019–20 Westminster Meal Plans Rates per Academic Year
26 https://westminstercollege.edu/tuition#undergrad
thesciongroup.com OCTOBER 2020 36 DRAFT
SALT LAKE COMMUNITY COLLEGE
Appendix A
thesciongroup.com OCTOBER 2020 i DRAFT Salt Lake Community College Survey Analysis Appendix
DRAFT October 2020 Table of Contents
I. Survey Analysis Overview II. Demographics III. Current Conditions IV.Housing Interest V. New Housing Considerations
DRAFT Survey Analysis Overview
Survey Details
▪ Scion conducted an online survey available to all SLCC students (approximately 25,000 students) to understand the current living experiences and interest in student housing options at SLCC.
▪ The survey received high participation with 4,620 responses.
▪ Based on the total student response the margin of error was +/- 1%, well within the target margin of error of +/- 5%.
Primary Target Population
▪ Scion’s analysis will focus on responses from students who indicated they primarily take classes at the Taylorsville Redwood Campus (TRC).1
▪ The responses are segmented by single students and students with families.2
▪ The populations are separated by familial status because the living experiences and needs of students with families varies significantly from single students.3 Therefore, understanding the differences in the responses between those populations may be important in deciding the type of housing and experience provided.
1 Survey data students primarilyDRAFT enrolled at the other campuses is included in Appendix E: Sorted Survey Data. 2 “Students with families” and “family student“ are utilized interchangeably throughout this analysis. 3 Fair Housing prohibits steering based on familial status. Students, regardless of their familial status would be welcome in either type of housing. These descriptions are used as broad generalizations for the purpose of this study only. Demographics
DRAFT Demographics
The data provided in the following section provides a demographic overview of survey respondents.
Primary Target Population
The primary target population represents those most likely to consider campus housing. Therefore, the analysis in this section focuses only on the respondents in the following categories:
▪ Students with families and single students at the Taylorsville Redwood Campus1
▪ Each cohort will be segmented enrollment status (part-time or full-time) ▪ Part-Time (enrolled in 6-11 credits) ▪ Full-Time (enrolled in 12 or more credits)
DRAFT 1 Survey data students primarily enrolled at the other campuses is included in Appendix E: Sorted Survey Data. Response Distribution by Primary Campus Survey Question: At which campus do you attend the majority of your classes?
Primary Campus 60% 53% 50%
40%
30%
20% 17% 14% 12% 10%
2% 2% 1% 0% 0% Taylorsville Jordan Campus Online South City Other SLCC Miller Campus Westpointe Meadowbrook Redwood Campus Campus or Campus Campus Campus Center DRAFT Familial Status
Survey Question: Do you live with a partner, spouse, Survey Question: Do you live with any children for dependent(s) and/or other individual(s) for whom you whom you are responsible for? are responsible?
36%
44%
56%
64%
Family Students Single Students DRAFT Yes No Familial Status by Enrollment Status Survey Questions: What is your current enrollment status? Do you live with a partner, spouse, dependent(s) and/or other individual(s) for whom you are responsible?
TRC Single Students Enrollment Status TRC Students with Families Enrollment Status
Part-time 44% Part-time 53%
Full-time 56% Full-time 47%
0% 10% 20% 30% 40% 50% 60% 0% 10% 20% 30% 40% 50% 60%
DRAFT Age Distribution Survey Question: How old are you?
60% 57%
50%
40% 35% 35% 35% 31% 30% 26% 25% 24%
20% 17% 16% 17%
11% 11% 9% 9% 10% 8% 7% 7% 6% 4% 2% 1% 2% 2% 1% 0% 1% 1% 0% Under 18 years old 18-20 21-24 25-29 30-35 36-40 41 or older Single - Full-Time Single - Part-Time Family - Full-Time Family - Part-Time DRAFT Employment Status – Single Students Survey Question: Are you currently employed?
Full-Time Students Part-Time Students
Yes, I am employed and Yes, I am employed and work more than 40 hours 6% work more than 40 16% weekly hours weekly
Yes, I am employed and Yes, I am employed and 17% work 31-40 hours 29% 47% of full-time single work 31-40 hours weekly weekly students work at least 20
Yes, I am employed and hours per week. Yes, I am employed and 24% work 21-30 hours 21% work 21-30 hours weekly weekly 66% of part-time single students work at least 20 Yes, I am employed and Yes, I am employed and 23% work 11-20 hours 16% hours per week. work 11-20 hours weekly weekly Only 24% of full-time and Yes, I am employed and Yes, I am employed and 13% of part-time single work fewer than 10 hours 6% work fewer than 10 4% weekly hours weekly students are not employed.
No, I am not employed 24% No, I am not employed 13% 0% 5% 10% 15% 20% 25% 30% DRAFT0% 10% 20% 30% 40% Employment Status – Students with Families Survey Question: Are you currently employed?
Full-Time Students Part-Time Students
Yes, I am employed and Yes, I am employed and work more than 40 hours 15% work more than 40 hours 28% weekly weekly 50% of full-time students
Yes, I am employed and Yes, I am employed and with families work at least 20 18% 32% work 31-40 hours weekly work 31-40 hours weekly hours per week. 72% of part-time students Yes, I am employed and Yes, I am employed and 17% 12% work 21-30 hours weekly work 21-30 hours weekly with families work at least 31 hours per week. Yes, I am employed and Yes, I am employed and 13% 4% work 11-20 hours weekly work 11-20 hours weekly Only 29% of full-time and 19% of part-time students Yes, I am employed and Yes, I am employed and with families are not work fewer than 10 hours 8% work fewer than 10 hours 4% employed. weekly weekly
No, I am not employed 29% No, I am not employed 19% 0% 10% 20% 30% 40% DRAFT0% 10% 20% 30% 40% Current Living Situation & Priorities
DRAFT Current Living Situation Overview
The analysis in the following section provides an overview of single students (full-time and part-time) and students with families (full-time and part-time) current living situation, commute time, and satisfaction with their current living situation.
Primary Target Population
The primary target population represents those most likely to consider campus housing. Therefore, the analysis in this section focuses only on the respondents in the following categories:
▪ Students with families and single students at the Taylorsville Redwood Campus1
▪ Each cohort will be segmented enrollment status (part-time or full-time) ▪ Part-Time (enrolled in 6-11 credits) ▪ Full-Time (enrolled in 12 or more credits)
DRAFT 1 Survey data students primarily enrolled at the other campuses is included in Appendix E: Sorted Survey Data. Current Living Situation – Single Students Survey Question: Where do you currently live?
Current Living Situation 80% The overwhelming majority of single 73% students live at a parents’ or relatives’ 70% 68% home (73% FT; 68% PT). Students current living situation impacts 60% demand in multiple ways. 50% ▪ Living with Family: May be equally as likely as they are unlikely to live on 40% campus. Some may desire more independence; others will value the cost 30% savings aspect of living at home. 22% 20% 18% ▪ Rental Unit: More likely to choose campus housing “at the right price,” and 10% 7% 7% tend to appreciate the value of the 2% 3% intangibles of a living situation such as a 0% 0% 0% reliable/trustworthy landlord. Parents' or Rental unit Private room in Property I own Housing insecure relatives' home someone's home Full-time Part-time DRAFT Current Living Situation – Students with Families Survey Question: Where do you currently live? Most students with families rent a unit Current Living Situation 50% (44% FT; 42% PT).
45% 44% A significant proportion of students with 42% families live at a parents’ or relatives’ 40% home (33% FT; 32% PT).
35% 33% 32% Similar to single students, the current living 30% situation of students with families impacts demand. 25% 22% ▪ Rental Unit: More likely to choose 20% 19% campus housing “at the right price,” and tend to appreciate the value of the 15% intangibles of a living situation such as 10% access to childcare.
5% 4% 4% ▪ Living with Family: May be equally as likely as they are unlikely to live on 0% campus. Some may desire more Rental unit Parents' or relatives' Property I own Private room in home someone's home independence; others will value Full-time Part-time aspects of living at home such as DRAFT additional care-givers. Commute – Single Students Survey Question: On a typical day, what mode of transit do you use to commute (one way) from your current home to campus?
Commute Time 70%
81% of full-time single students 60% 57%58% at Taylorsville Redwood campus have a commute time less than 50% 30 minutes. 40% 78% of part-time single students 30% at Taylorsville Redwood campus 24% 20% have a commute time less than 20% 30 minutes. 13%13%
10% 5% 4% 2% 3% 1% 0% 0% Less than 15 15-30 minutes 31-45 minutes 46-60 minutes 61-90 minutes 91 minutes or minutes more Full-time Part-time DRAFT Commute – Students with Families Survey Question: On a typical day, what mode of transit do you use to commute (one way) from your current home to campus?
Commute Time 60% 57% 53% 50% 76% of full-time students with families have a commute time 40% less than 30 minutes.
30% 25% 82% of part-time students with 23% families have a commute time 20% less than 30 minutes. 14% 9% 10% 8% 5% 3% 2% 0% 0% 0% Less than 15 15-30 minutes 31-45 minutes 46-60 minutes 61-90 minutes 91 minutes or minutes more Full-time Part-time DRAFT Housing Satisfaction Survey Question: Which of the following best describes how you feel about your current living situation?
11% Students living at a rental unit reported Rental unit 39% the highest level of satisfaction in their 50% living situation (50%). Students living in a private room 18% reported the lowest level of satisfaction Private room in their living situation (18%). 45% 36%
11% Parents' or relatives' home 41% 48%
0% 10% 20% 30% 40% 50% 60% DRAFTDissatisfied Neutral Satisfied Housing Decision Priorities – Single Students Survey Question: Which of the following factors are most important to you when deciding where to live?
Full-Time Part-Time
Decision Factor Score Decision Factor Score Cost/affordability 100 Cost/affordability 100 Reliable Internet/Wi-Fi 42 Reliable Internet/Wi-Fi 38 When deciding where to live, both Safety and security features 33 Privacy 37 full-time and part-time single students Privacy 32 Safety and security features 34 ranked cost and reliable internet Ability to cook meals/access to a full as the two most important factors. 25 Ability to cook meals/access to a full kitchen kitchen 24 Proximity to SLCC campus 24 Proximity to SLCC campus 21 Proximity to my workplace 15 Proximity to my workplace 19 Reliable landlord/management 13 company Pet-friendly policy 18 Age and condition of facilities 12 Reliable landlord/management company 15 Pet-friendly policy 12 Age and condition of facilities 10 Dedicated study spaces 8 Dedicated study spaces 7 Common space/lounge for socializing 2 Adjacent, outdoor recreation space 3 Adjacent, outdoor recreation space 2 Common space/lounge for socializing 2 DRAFT Housing Decision Priorities – Students with Families Survey Question: Which of the following factors are most important to you when deciding where to live?
Full-Time Part-Time Decision Factor Score Decision Factor Score Cost/affordability 100 Cost/affordability 100 Safety and security features 31 Safety and security features 41 Reliable Internet/Wi-Fi 29 Proximity to my workplace 29 When deciding where to live, both Proximity to SLCC campus 20 Reliable Internet/Wi-Fi 28 full-time and part-time students with Pet-friendly policy 20 Pet-friendly policy 22 families ranked cost and In-unit laundry 19 Proximity to SLCC campus 22 safety/security features as the two Proximity to my workplace 17 In-unit laundry 20 most important factors. Proximity to my partner's work Age and condition of facilities 15 and/or school 15 Reliable management 14 Age and condition of facilities 14 company/landlord Reliable management Proximity to my partner's work 10 company/landlord 14 and/or school Proximity to school or childcare for Proximity to school or childcare for 9 dependent(s) or other individual(s) 10 dependent(s) or other individual(s) Dedicated study spaces 7 Play area for children 7 Play area for children 5 Dedicated study spaces 6 Common space/lounge for Common space/lounge for 3 socializing 3 socializing DRAFT Housing Impact & Interest
DRAFT Housing Impact & Interest
The analysis in the following section explores the potential impact of housing on enrollment status, recruitment and retention of future students. It further details an overview of preferred unit types based on student cohort and ends with a housing rate comparison.
Primary Target Population The primary target population represents those most likely to consider campus housing. Therefore, the analysis in this section focuses only on the respondents in the following categories:
▪ Students with families and single students at the Taylorsville Redwood Campus1
▪ Each cohort will be segmented enrollment status (part-time or full-time) ▪ Part-Time (enrolled in 6-11 credits) ▪ Full-Time (enrolled in 12 or more credits)
DRAFT 1 Survey data students primarily enrolled at the other campuses is included in Appendix E: Sorted Survey Data. Impact on Enrollment Survey Question: Would you enroll as a full-time student if you lived in SLCC housing at the Taylorsville Redwood campus?1
50% 47% 46% 45% 78% of part-time single students 40% indicated they would, or might, 34% 35% enroll full-time if housing were 31% available at TRC. 30% 54% of part-time family students 25% 22% 20% indicated they would, or might, 20% enroll full-time if housing were 15% available at TRC. 10%
5%
0% Yes Maybe No Single Students Family Students DRAFT 1 Analysis includes only those currently enrolled part-time in 0.5 – 11 units. Recruitment and Retention
How important do you think offering student How important do you think offering housing options will be for attracting student housing options will be for students to SLCC in the future? 1 retaining students to SLCC in the future?
94% of students believe Very important 48% Very important 45% offering student housing very important (48%) or moderately important (46%) for attracting students to SLCC. Moderately important 46% Moderately important 45% 90% of students believe offering student housing very important (45%) or Not important 6% Not important 10% moderately important (45%) for retaining students at SLCC. 0% 10% 20% 30% 40% 50% 60% 0% 10% 20% 30% 40% 50% DRAFT 1 Analysis based on responses from all TRC students Survey Test Rates for Housing Types
Initial Discounted Housing Type Rate Rate Community Style (by-the-bed) The following unit types and Traditional Double Room $780 $680 price points were shown to survey respondents. Traditional Single Room $900 $750 Apartment Style (by-the-bed) Respondents were only showed the discounted rates Double Room $1,000 $850 if they indicated the initial Single Room $1,200 $1,025 rate was too expensive. Apartment Style (by-the-unit) Studio $1,200 N/A 1-BR $1,300 $1,230 2-BR $1,950 $1,750 DRAFT Preferred Housing Type – Single Students Survey Question: In which of the following types of housing would you prefer to live while attending SLCC?
50% 47% When unit type preferences were 45% 45% 43% focused on only single students at TRC, respondents indicated the 39% 40% following: 35% Full-time single students 30% indicated a preference for an apartment style unit with by- 25% the-bed rents (47%) compared to 39% for by-the- 20% unit rents. 14% 15% 13% Part-time single students 10% indicated a slight preference for an apartment style unit with 5% by-the-unit rents (45%) 0% compared to 43% for by-the- Apartment by the Bed Apartment by the Unit Community by the Bed bed rents. Full-Time Part-Time DRAFT Preferred Housing Type – Students with Families Survey Question: In which of the following types of housing would you prefer to live while attending SLCC?
90%
80% 77%
70% 70% When unit type preferences were focused on only students 60% with families at TRC, respondents indicated the 50% following:
40% Overwhelming majority of students with families, 30% regardless of their enrollment status, 20% 19% 20% indicated a preference for
9% an apartment with by- 10% the-unit rent. 4%
0% Apartment by the Bed Apartment by the Unit Community by the Bed Full-Time Part-Time DRAFT Housing Cost Comparison This chart compares the median self-reported (from the survey) rates for rent and utilities, to the rates found in the off- campus market and the rates tested in the survey.
Students with Families: The initial survey tested rates range Single Students: The initial survey tested rates are nearly from being more or less expensive than the adjusted rates equal to the adjusted rates found in the off-campus market, found in the off-campus market. Further, the lower end of the but slightly more expensive than the self reported. The initial test rates are less than the self-reported rates, and the discounted rates were more closely aligned with the self- higher end of the tested rates (both initial and discounted are reported rates. more than self-reported rates).
Median Reported Adjusted1 Off-Campus Initial Survey Discounted Survey Student Status Rent and Utilities Apartment Rates Tested Rates Tested Rates
Per Person Per Bed Full-Time Single $750 $1,055 - $1,144 $1,000 - $1,200 $850 - $1,025 Part-Time Single $800 Per Household Per Unit Full-Time Family $1,396 $1,055 - $1,340 $1,200 - $1,950 $1,200 - $1,750 Part-Time Family $1,329 DRAFT 1 All off-campus market rates are per month and include adjustments for utilities and furniture. Off-campus rates are further adjusted per person, when applicable for single student housing cost comparison. More information regarding adjusted rates are available in Section 8: Off-Campus Market Analysis. New Housing Considerations
DRAFT New Housing Considerations Overview
The analysis in the following section provides an overview of factors (outlined below) that should be considered should SLCC build student housing. ▪ Privacy vs. cost ▪ Amenity Importance ▪ Furnishing Preference ▪ Lease Term Preference
Primary Target Population The primary target population represents those most likely to consider campus housing. Therefore, the analysis in this section focuses only on the respondents in the following categories:
▪ Students with families and single students at the Taylorsville Redwood Campus1
▪ Each cohort will be segmented enrollment status (part-time or full-time) ▪ Part-Time (enrolled in 6-11 credits) ▪ Full-Time (enrolled in 12 or more credits) DRAFT 1 Survey data students primarily enrolled at the other campuses is included in Appendix E: Sorted Survey Data. Privacy vs. Cost – Single Students Survey Question: Which of the following statements do you agree with most? (Privacy vs. Cost)
Which of the following statements do you Full-Time Part-Time agree with most? Single Single Most single students indicated that cost or privacy preferences would depend on the unit type (45% FT; 43% PT). Depending on the unit type, either a private bedroom or a less expensive option could 45% 43% Secondary findings indicated that be more important to me privacy outweighed cost for both full- time students (37%) and part-time It is more important that I have a private 37% 43% students (43%). bedroom
It is more important that I have the least expensive option, I am willing to share a 18% 14% bedroom for a reduced rate
DRAFT
Note: Students with families were not asked this question. Amenity Importance – Single Students Survey Question: Please rate how important you think it is to have the following features in a student housing common area.
Full-Time Part-Time
Very Moderately Not Very Moderately Not Amenity Amenity Important Important Important Important Important Important
Space for studying Space for studying 68% 28% 3% 66% 30% 3% (with desks/tables and chairs) (with desks/tables and chairs)
Common kitchen facilities 52% 41% 7% Common kitchen facilities 51% 40% 9%
Common computers and printers 52% 36% 13% Common computers and printers 49% 37% 14%
Fitness center 45% 45% 10% Fitness center 45% 42% 13%
Grab n' Go Cafe/Food Market 27% 51% 22% Grab n' Go Cafe/Food Market 30% 46% 24%
Recreational equipment (such as pool Recreational equipment (such as pool 25% 48% 28% 23% 49% 28% and ping pong tables) and ping pong tables)
Vending machines 10% 34% 56% Vending machines 12% 35% 53% DRAFT Amenity Importance – Students with Families Survey Question: Please rate how important you think it is to have the following features in a student housing common area.
Full-Time Part-Time
Very Moderately Not Very Moderately Not Amenity Amenity Important Important Important Important Important Important
Space for studying Space for studying 58% 34% 7% 61% 33% 7% (with desks/tables and chairs) (with desks/tables and chairs)
Common kitchen facilities 51% 34% 15% Common computers and printers 47% 35% 18%
Common computers and printers 48% 36% 16% Common kitchen facilities 46% 36% 18%
Fitness center 43% 38% 18% Fitness center 46% 42% 12%
Recreational equipment (such as pool Grab n' Go Cafe/Food Market 25% 44% 30% 27% 43% 30% and ping pong tables) Recreational equipment (such as pool 21% 46% 33% and ping pong tables) Grab n' Go Cafe/Food Market 25% 48% 27%
Vending machines 14% 27% 59% Vending machines 10% 34% 56% DRAFT Furnishing Preferences – Single Students Survey Question: If you were to live in SLCC housing, would you prefer a furnished unit or an unfurnished unit?
70%
61% 60%
49% 50%
40%
31% 30% 26%
20% 20% 13% 10%
0% Furnished Unfurnished No preference Full-Time Part-Time DRAFT Furnishing Preferences – Students with Families Survey Question: If you were to live in SLCC housing, would you prefer a furnished unit or an unfurnished unit?
45% 40% 40%
34% 35% 33% 33% 33%
30% 26% 25%
20%
15%
10%
5%
0% Furnished Unfurnished No preference Full-Time Part-Time DRAFT Lease Term Preferences – Single Students Survey Question: If you were to live in SLCC housing, which housing contract would you prefer, assuming the monthly cost is the same for all contracts?
Full-Time Part-Time
16% 20% The majority of single students at Taylorsville Redwood campus preferred an academic year lease term (61% FT; 53% PT). 53% 22% 61% 27%
Academic year contract (9 months) Academic year contract (9 months) Annual contract (12 months) Annual contract (12 months) No preference No preference DRAFT Lease Term Preferences – Students with Families Survey Question: If you were to live in SLCC housing, which housing contract would you prefer, assuming the monthly cost is the same for all contracts?
Full-Time Part-Time
17% 16% 47% of full-time students with families at Taylorsville Redwood campus preferred 38% an academic year lease 47% term. 46% of full-time students with families at Taylorsville 36% Redwood campus preferred an annual lease term. 46%
Academic year contract (9 months) Annual contract (12 months) Academic year contract (9 months) No preference Annual contract (12 months) DRAFTNo preference