The changing student housing model

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PPP Session at 2012 McMaster OACUHO Conference

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New Conversations About New Student Housing Models : 

New Conversations About New Student Housing Models 2012 OACUHO Conference McMaster University

Session’s Learning Outcomes: 

Session’s Learning Outcomes Appreciate how our economy and political circumstances are having an impact on the student housing industry. Gain insight into new opportunities and some current influential factors to consider when exploring alternative ways to address student housing needs. Understand some of the lessons learned from those with experience using student housing models other than the institution-owned-and-managed approach.

Trivia: 

Trivia What does PPP stand for? What percentage of campus housing operations in Ontario use the PPP model? Who is the largest for-profit provider of student housing in North America?

Pair & Share : 

Pair & Share What is happening to student housing generally in Ontario (or across Canada)?

Government Finances & Politics: 

Government Finances & Politics

Ontario Government Debt: 

Ontario Government Debt Source: http://www.fin.gov.on.ca/en/budget/ontariobudgets/2012/ch5.html#c5_chart4

Strong PSE System in Canada: 

Strong PSE System in Canada Source: http://www.academica.ca/top10/stories/15915

Student Housing in the News: 

Student Housing in the News

CFS Campaign – Winter 2011: 

CFS Campaign – Winter 2011 Source: http://www.cfsmb.ca/index2.php/en/section/52

CAUBO Report – April 2012: 

CAUBO Report – April 2012

SFU & Mount Allison: 

SFU & Mount Allison

UofG & Ryerson Propose New Type of PPP Res: 

UofG & Ryerson Propose New Type of PPP Res Source: http://www.uoguelph.ca/news/2011/11/university_plan.html + http://news.nationalpost.com/2012/02/27/ryerson-to-build-new-residence-in-partnership-with-private-sector/

UofT Housing Opportunities & Challenges: 

UofT Housing Opportunities & Challenges Source: http://urbantoronto.ca/news/2011/01/new-30-40-storey-student-residence-coming-245-253-college-street + http://www.theglobeandmail.com/news/toronto/neighbours-going-to-war-over-plans-for-university-of-toronto-residence/article4198177/

Selling Residence Assets: 

Selling Residence Assets Source: http://www.northernlife.ca/news/localnews/2012/01/31-cambrian-residences-sold-sudbury.aspx

University Criticizes Private Res Development: 

University Criticizes Private Res Development Source: http://www.guelphmercury.com/news/local/article/650139--u-of-g-president-says-private-residence-plan-not-good-for-university

Atlantic Expansion + Loan Granted: 

Atlantic Expansion + Loan Granted Source: http://www.stfx.ca/news/view/6441/ + http://www.cbc.ca/news/canada/nova-scotia/story/2012/05/24/ns-acadia-loan-cutten.html

Changing Enrolment Patterns: 

Changing Enrolment Patterns

1,000,000 and counting…: 

1,000,000 and counting… Source: http://www.aucc.ca/media-room/news-and-commentary/undergraduate-student-enrolment-surpasses-million-mark

Canadian Population Changes Aligns with FT Enrolment Changes: 

Canadian Population Changes Aligns with FT Enrolment Changes Source: http://www.statcan.gc.ca/pub/81-595-m/81-595-m2007058-eng.pdf

Nova Scotia Enrolment Pattern: 

Nova Scotia Enrolment Pattern Source: http://www.statcan.gc.ca/pub/81-595-m/81-595-m2007058-eng.pdf

Declining Ontario Enrolment… Maybe…: 

Declining Ontario Enrolment… Maybe… Source: http://www.academica.ca/top10/stories/15940

Greater Growth in GTA: 

Greater Growth in GTA Source: http://vpacademic.yorku.ca/archives/whitepaper/process/pdfs/Enrolment_Demand_in_GTA.pdf

PowerPoint Presentation: 

Source: http://vpacademic.yorku.ca/archives/whitepaper/process/pdfs/Enrolment_Demand_in_GTA.pdf

PowerPoint Presentation: 

Source: http://vpacademic.yorku.ca/archives/whitepaper/process/pdfs/Enrolment_Demand_in_GTA.pdf

What does it all mean?: 

What does it all mean?

Making Meaning of the News: 

Making Meaning of the News Less money Less students (generally) Student housing being scrutinized Student housing model diversifying

Pair & Share : 

Pair & Share What should an institution do to make a different campus housing model work effectively?

Ryerson Res Development Experience: 

Ryerson Res Development Experience

Changing Roles: 

Changing Roles The beer back channel ACUHOI “Lessons Learned” At the table Canadian CHO Summit + ACUHOI PPPPCH Task Force All 3 rd party to Managing “Student Life” Service Agreement

2011 ACUHO-I “Lessons Learned”: 

2011 ACUHO-I “Lessons Learned” Align PPP’s with institution’s mission Preparation is crucial for a PPP to succeed Values must match Long-term success depends on operations management

ACUHO-I PPPPCH Task Force: 

ACUHO-I PPPPCH Task Force Core Interview Questions Why did you choose to use a PPPCH model? Which institutions use the ppp model? What has the experience been like? Who is involved in the construction & operation? What expectation does the institution have for the ppp campus housing? How is success measured? Would you do an additional PPPCH project given your experience on the past project?

ACUHO-I Public PPP Principles in Campus Housing Task Force: 

ACUHO-I Public PPP Principles in Campus Housing Task Force Preliminary Interview Findings

Evolution of Campus Housing Models: 

Evolution of Campus Housing Models PPP is a viable option New models focus more on undergrad housing Models becoming more complex – design to agreements Mix of models at more institutions On or near campus remains important Management of student life remains important Emerging model is partnering with existing properties

Why a Different Model: 

Why a Different Model No debt on balance sheet (no longer viable) Faster construction No institution expertise Institutions without housing more likely to use PPP model

Align to Mission: 

Align to Mission Failure to map model to mission/objectives is a common mistake  Value Added  End goal: Develop our Students

Finances: 

Finances Must understand financial viability of ALL models Funding sources from best to worst: Donation – Government – PPP Property tax is an important consideration May change Difficult to meet financial objectives in 67% of a year Need to build in reserve funding Res Life programming funding comes from building’s revenue Rating agencies require long term commitments to be on balance sheet

Preparation: 

Preparation Vital to understand future demand Maintain control whenever possible Team effort to select best model Generally one person at institution responsible (VP Finance common) Must have someone representing institution throughout the process

Selecting a Partner: 

Selecting a Partner RFP is expensive & time consuming for a developer  RFI or RFQ better options Fuzzy objectives  Difficult to compare proposals Institution often has unrealistic demands Skepticism is your friend when reviewing projections & assumptions Use lawyers with relevant experience Property owner has interest in higher rent May conflict w/ student needs Relationship is crucial!

Operations: 

Operations Communication throughout is vital Good management practices still apply Relationship is crucial!

Measuring Success: 

Measuring Success Existing tools largely used, such as EBI “Achieve expected return and have institution speak favourably of the project”

Learning from Others: 

Learning from Others Some would continue using new models Others have explored other models, like setting up a foundation Impact of long-term commitment not fully appreciated

Conveying the Value of Res Living: 

Conveying the Value of Res Living Canadian CHO Summit – Priority One Purpose and value of Housing as it contributes to academic mission and student experience not well defined or embraced CAUBO Workshop – Priority One Student life – understanding value added

Next Steps + Actions We Can Take: 

Next Steps + Actions We Can Take Developing a common understanding of the value of residence living Using common success measures Leveraging the ACUHO-I Professional Standards for ALL campus housing models Raising awareness of work with… Government University & College Executive Developers Financial Services staff Physical Plant staff Dedicating common resources for marketing

Questions: 

Glen Weppler Twitter @ Wepps Blog www.glenweppler.com Email (as of mid July) gweppler@uwaterloo.ca Questions