Interim Residences Eliminate Displacement During Redevelopment
The Problem
Aging affordable housing needs replacement, but where do current tenants go during construction? Too often, temporary displacement becomes permanent homelessness. This stops redevelopment cold, leaving buildings deteriorating while housing needs grow.
The Solution
Interim residences provide quality temporary housing during redevelopment. Tenants move to safe, well-maintained facilities nearby, then return to new buildings when construction completes. No displacement. No homelessness. Just better housing for everyone.
Key Features:
- Private rooms or small units with complete facilities
- Proximity to original location when possible
- 18-36 month stays during construction
- Same rental rates as original housing
- Guaranteed return to new building
- Moving assistance and support services
How It Works
- Housing provider plans redevelopment of aging building
- Secures interim housing (purpose-built, acquired property, or modular)
- Tenants move with full support to quality temporary housing
- Original building demolished and replaced (often 2-3x capacity)
- Tenants return to modern housing at original affordability
Result:
Zero permanent displacement, dramatically increased housing supply, modern accessibility and efficiency.
The Business Model
Interim residences are financially sustainable through:
- Community bond financing at 2%
- Tenant rents at affordable rates
- Government support where applicable
- Conversion to permanent housing after interim use, or
- Shared regional capacity across multiple organizations
Benefits For Housing Providers:
- Ethical redevelopment without displacement crisis
- Community support for higher-density projects
- Tenant retention and relationship continuity
- Flexible operational capacity
For Tenants:
- Housing security throughout process
- Quality temporary housing, not shelters
- Return to better building at same affordability
- Support services during transition
Get Involved
For Housing Providers: Explore interim residence solutions for your redevelopment plans.
For Investors: Community bonds finance interim residence development.