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Maxwell Drever

Converting old hotels into Affordable Workforce Housing. Maxwell Drever is doing it.

Maxwell Drever has advanced the trend of converting old hotels into affordable workforce housing says Maxwell Drever.  He views this as an economical way to provide low-income families with a safe and comfortable place to live. Additionally, renovating old, neglected hotels brings new life into the community where the housing units will be located. Renovating neglected hotels to become housing units for your workforce also creates jobs, spurs economic development, and transforms an otherwise decrepit building into a beautiful, modern living space.  You will learn how you can renovate a neglected hotel in the next few paragraphs. But first, why is this proposal important? Benefits of Renovating Old Hotels to Provide Affordable Workforce Housing Under proper conditions, renovating old hotels can be an affordable solution for workforce housing, says Maxwell Drever.  Among other things, it can bring new life into the community for the following reasons: The cost of renovating old hotels is comparatively lower than building units from scratch Your workforce will be more productive knowing that their families are accommodated in safe and convenient homes Members of your workforce will be housed in close proximity to each other,… Read More »Converting old hotels into Affordable Workforce Housing. Maxwell Drever is doing it.

Why should I become a broken hotel to affordable workforce housing conversion expert? Maxwell Drever shared some reasons. I did the rest of the research on my own

 Finding affordable housing near the workplace is often tricky for teachers, police officers, firefighters, etc. However, real estate investors such as Maxwell Drever have presented solutions that may ultimately ease the problem. One such housing idea has turned into a winning solution for both investors and renters. Essentially, Maxwell has adapted the basic strategy he built his nearly 50-year career on and also tweaked it to convert closed (broken) hotels into affordable workforce housing complexes.   Maxwell’s updated affordable workforce housing platform is a welcome update to the original concept. Basic workforce housing accommodates renters who earn 60% to 120% of the area median income (the value may differ from state to state). However, turning hotels into workforce housing is the right solution at the right time and place in our history. For one, it by design lowers the rental cost to as low as $500 per month. And at that cost, this brilliant innovation makes it possible to deliver resort-like amenities.   Strategies for converting broken hotels into affordable workforce housing. Proceed carefully!  While many real estate developers may believe they can successfully convert a broken hotel into an affordable workforce… Read More »Why should I become a broken hotel to affordable workforce housing conversion expert? Maxwell Drever shared some reasons. I did the rest of the research on my own

Why is Affordable Workforce Housing so important – Maxwell Drever provides perspective

The 30% rule, achievable by fewer Americans every year can be retaken, all because of the miracle of Affordable Workforce Housing says Maxwell Drever.  The engine behind this miracle is a certain type of hotel, generally, 200 rooms or more, that has closed for financial reasons.  The building is structurally sound and has formerly beautiful amenities such as a pool and a gym.   It is quite likely that the owner of this closed hotel thought his single-use building was worthless. And would have to be taken down at some point.  Imagine the smile on his face when it was discovered. That because of a new Affordable Workforce Housing platform, his building was actually worth money. And that the market value of his property was now 50% higher than expected.  The closed hotel to affordable workforce housing platform works. Because the 50% extra the owner received allowed an affordable workforce housing complex. To be built for half the cost of new construction! The bad news, the good news, and the great news The bad news is that In the United States. There is currently demand for seven million clean and functional… Read More »Why is Affordable Workforce Housing so important – Maxwell Drever provides perspective

The benefits of workforce housing with a contribution by Maxwell Drever on the value of Affordable Workforce Housing

Workforce housing means housing that is affordable and close to a worker’s job. As initially conceived, workforce housing was built for essential community employees (i.e., police officers) and offered at affordable prices says Maxwell Drever.    Today, the “rule of thumb” is that those who dwell in workforce housing should earn between 60% to 120% of their area median income, and to the extent possible, residents should be essential to the areas in which they live. Today’s workforce housing residents are a far more diverse group, including young professionals, construction workers, retail salespeople, office workers, and many more.   The need for seven million affordable workforce housing units With real estate prices at an all-time high and inflation rearing its “ugly head,” workforce housing for low-income groups has become extremely difficult to find. Estimates show that seven million “affordable” workforce housing units would need to be available to meet current demand.   Broken Hotel to Affordable Workforce Housing conversions Legendary impact real estate investor Maxwell Drever has developed a brilliant solution that carries the potential to lessen this growing problem. He is also purchasing closed-down “broken” hotels and converting them into high-quality,… Read More »The benefits of workforce housing with a contribution by Maxwell Drever on the value of Affordable Workforce Housing

Maxwell Drever on the solution to the Affordable Workforce Housing Crisis – Broken Hotel to Affordable Workforce Housing Complex

With each passing year, it has become increasingly difficult for low-income workers to purchase or rent homes at affordable prices close to their place of work in cities across the U.S. In 2019, the Census Bureau reported that over 25% of households in the United States were of low-income status says Maxwell Drever.  COVID-19 has substantially increased this percentage. Thankfully, experts such as Maxwell Drever have developed innovative and workable solutions to the crisis of affordability. With that said, here is what you should know about the affordable workforce housing sector, and why it is one of the most challenging in the real estate industry today. The Affordable Workforce Housing Crisis –  On the rise  People across the nation are facing the reality that their chance of finding high-quality affordable housing is quite small. March 17-29, 2021 census data illustrates another side of the problem.  It reported that 28% of United States households were currently behind on their rent or mortgage.   Simply speaking, the lack of affordable workforce housing in the United States lowers the quality of life for millions of its citizens. And also the reason has a lot… Read More »Maxwell Drever on the solution to the Affordable Workforce Housing Crisis – Broken Hotel to Affordable Workforce Housing Complex

Maxwell Drever says the Town of Branson remains fresh, relevant, and ready for brand new affordable workforce housing stock

The town of Branson, Missouri is a popular tourist destination, serving as the jobs, services, and shopping center for an area consisting of approximately 70,000 year-round residents says Maxwell Drever. With the opening of the Cox Medical Center in 2000, Branson has also become a popular destination for medical tourism. Branson Springfield area lakes, rivers, and streams provide recreational activities that include boating, water skiing, fishing, and swimming on lakes that are primarily man-made. The lakes are all surrounded by cabins for rent.  Branson is designated an international tourism destination. Table Rock Lake  Maxwell Drever notes that Table Rock Lake is considered by most as the crown jewel of Branson. Located southwest of the city, the lake attracts vacationers from all over the world. Branson itself has three marinas and two public boat landings for access to the lake. Table Rock Lake is one of the more popular fishing lakes in the state, stocked with Bass, Perch, Catfish, and Walleye. The Branson Strip The Branson Strip is home to nearly 200 shops and restaurants, as well as the 630 ft long Hollywood Wax Wachowski Monument, one of the world’s largest… Read More »Maxwell Drever says the Town of Branson remains fresh, relevant, and ready for brand new affordable workforce housing stock

Maxwell Drever has been a pioneer in driving investments to the affordable workforce housing sector

Not every investment management expert and advisor can protect the interest of investors and at the same time offer good quality of life to people by providing affordable housing. The special outlook of Maxwell Drever about investment helps to meet the dual goal of ensuring good returns for investors and at the same time do some good for people looking for affordable. His efforts have paved the way for driving more investments in the workforce housing sector. The rising demand for affordable workforce housing has expanded investment options in real estate by looking beyond market-rate buildings. Developers are keen to invest in the sector without compromising the quality of finish and construction of the buildings to available various tax incentives and other financial benefits that help offer low rentals. The investments in the workforce housing sector positively impact thousands of investors who share the pride of doing something good for society by reducing the number of homeless people. Reducing commute, more family time increased productivity – view from Maxwell Drever Although rent affordability is at the heart of the economics that drive the investments in the workforce housing segment, there is another… Read More »Maxwell Drever has been a pioneer in driving investments to the affordable workforce housing sector

Why the affordable workforce housing crisis touching everyone – as expressed by Maxwell Drever

Having a roof above one’s head is a basic need for every American, and this is why the affordable workforce housing crisis is a problem that should be of concern for everyone, says Maxwell Drever. The lack of affordable workforce housing has many economic and societal repercussions. You will hardly find a US citizen who has not felt the effects of lack of affordable housing in some abstract way. The housing crisis has touched one and all as people’s desire to live in places of their choice within their means mostly remains unfulfilled. According to Maxwell Drever, the growing homeless population of the US and Canada is the most concerning aspect of the affordable workforce housing crisis. Every American city faces the daunting task of dealing with a growing population of homeless citizens living in sprawling encampments. On a given night, two of one thousand people in a given city live either under the sky or in shelters provided by local authorities. Meaning there are approximately 550,000 homeless people nationwide.  However, this number is not sufficient to describe the full magnitude of the problem as it excludes those who sleep in conditions that… Read More »Why the affordable workforce housing crisis touching everyone – as expressed by Maxwell Drever

All about Affordable Workforce Housing

Maxwell Drever has been passionate about real estate and the financial markets since he was very young. He grew up in a family where his father, a professional investor/trader, instilled in him the importance of financial discipline and understanding that there is always opportunity for growth if you know how to find it. Seeing first hand his father What is Affordable Workforce Housing? Affordable workforce housing is the key to enabling the residents of metropolitan areas, particularly young people and lower income families, to live closer to where they have access to their workplaces. The term “workforce” defines residents of a given area whose jobs are within that area. Examples of jobs considered in this category include retail sales clerks, kitchen staff and maintenance staff, and many low-paid jobs in restaurants and hotels. This is critical as it can improve both the general population’s access to employment opportunities as well as decrease congestion on the roads as commuters are no longer traveling so far to work each day. These workforce housing units must also be deemed affordable by those applying for them. To be considered affordable, workforce housing must be… Read More »All about Affordable Workforce Housing

All about Affordable Workforce Housing

Maxwell Drever has been passionate about real estate and the financial markets since he was very young. He grew up in a family where his father, a professional investor/trader, instilled in him the importance of financial discipline and understanding that there is always opportunity for growth if you know how to find it. Seeing first hand his father What is Affordable Workforce Housing? Affordable workforce housing is the key to enabling the residents of metropolitan areas, particularly young people and lower income families, to live closer to where they have access to their workplaces. The term “workforce” defines residents of a given area whose jobs are within that area. Examples of jobs considered in this category include retail sales clerks, kitchen staff and maintenance staff, and many low-paid jobs in restaurants and hotels. This is critical as it can improve both the general population’s access to employment opportunities as well as decrease congestion on the roads as commuters are no longer traveling so far to work each day. These workforce housing units must also be deemed affordable by those applying for them. To be considered affordable, workforce housing must be… Read More »All about Affordable Workforce Housing