Advanced Concrete Technology: Affordable Housing Just Got More Affordable
The lack of affordable housing across the country is a serious issue in the United States that continues to worsen as
Today, across the U.S. affordable housing is scarce deeply affecting American who qualify as low-income.
• Nationally, there is a shortage of 7 million homes that are affordable and available to the lowest-income Americans, according to the National Low Income Housing Coalition.
• For every 10 of the lowest-income people, there are fewer than 4 homes that are affordable and available to them.
However, Affordable Concrete Technology (ACT) is making building affordable housing more cost effective—and quicker.
Construction costs continue to climb steadily in the U.S. due to population growth and increased demand. In 2018 alone, construction pricing increased 5.07 percent. Both a labor shortage and material costs are the main culprits of rising pricing.
Multifamily Housing Constructed for a Fraction of the Time and Cost
First introduced to the U.S. by The Faith Group, a leading real estate developer based in Aventura, FL, ACT is changing the game for building affordable housing. This construction technology and methodology combines several steps and inspections into one, making it easier than ever to erect multifamily housing at record speeds—saving money in the process.
ACT uses fully concrete exterior and interior walls that are built and then fully equipped with plumbing and electricity kits, which enables crews to produce hundreds of units in about 76 percent of the total construction time, saving an average of 30 percent of the construction costs per project.
Buildings are hurricane resistant, mildew resistant and contain no sheet rocks and are not subject to roof leaks. Roofs are made of pure, tilted concrete. They are also safe from termites, since no wood is used.
ACT in Action
ACT empowers contractors to cast walls and slabs in one operation, increasing the speed, quality and accuracy benefits of off-site, factory production with the flexibility and economy of on-site construction.
The method provides a concrete structure, the surfaces of which are sufficiently high-quality to require only minimal finishing, as desired, while the end walls and facades are easily completed with thermally insulated units that can be appointed as desired.
ACT then creates an efficient load-bearing structure for use in a wide variety of applications. However, it is most optimally suited for largescale multifamily housing and hotels, where layout flexibility over time is neither required nor expected by potential future buyers.
Case Study: ACT to Build Modern Towers in Miami for a Fraction of the Cost
ACT is currently being used by The Faith Group to complete the Modern Towers, a modern multifamily development in Miami. Modern Towers is a contemporary mixed-use development with a commercial area and provides Avant Garde living with a superior lifestyle that includes a club house for the community and an onsite covered parking garage.
This $150 million project will be built for a fraction of the cost and is anticipated to be complete within 9 months. ACT technology will offer a much-needed solution to the construction delays, high labor costs and budget overrides often associated with large multi-family construction projects.