Adobe Trails

Attainable Workforce Housing for Mesquite

A Strategic Land Development Partnership Proposal with Presidio Hill Investments to deliver accessible, high-quality homeownership to Mesquite’s 60%–80% AMI workforce.

Prepared For

City of Mesquite Leadership

Presenter

Presidio Hill Investments

Aerial rendering of the Adobe Trails development

Aerial Concept Rendering — Adobe Trails

Executive Summary & Vision

Balancing responsible land stewardship with local housing needs

The Vision

Transforming a 15.26-acre site across two parcels into a thriving 60–75 unit residential neighborhood.
Designed specifically for Mesquite’s working families, teachers, first responders, and municipal employees.
Target sale price locked in at $340,000 for 3bd/2ba detached single-family homes with 2-car garages and zero HOA fees.

$340,000
Target Sales Price

60 – 75
Attainable Single-Family Homes

$0 / mo
HOA Burden (Maximizes Buyer Purchasing Power)

Target Demographic & Income Profile

Serving Mesquite's core workforce (60% – 80% Area Median Income)

The Housing Gap in Mesquite

As economic activity in Mesquite expands across hospitality, education, healthcare, and municipal operations, entry-level market-rate home prices have outpaced local wages.

Target Buyers: First-time buyers and working households currently priced out of standard new builds.
60% AMI Household Range: $45,552 – $56,940 annual income.
80% AMI Household Range: $60,736 – $75,920 annual income.

Key Workforce Sectors Served

Municipal & Emergency Services: City staff, maintenance, fire, and police officers.
Education & Healthcare: Local teachers, school administrators, and clinic staff.
Hospitality & Services: Service managers and local commercial staff living and working in Mesquite.

Unlocking Affordability: Monthly Payment Math

How an FHA-backed $12,000 down payment profile makes ownership real for first-time buyers

Total Monthly Housing Out-of-Pocket

~$2,468

Modeled at $340,000 sales price with a $12,000 down payment (3.5%) via FHA financing at a 6% fixed interest rate. Zero monthly HOA fees save buyers $150–$300/month.

Mortgage Component	Assumption Basis	Monthly Cost
Sales Price	$340,000 Target	—
Down Payment (3.5%)	$12,000	$328,000 Base Loan
Upfront MIP (UFMIP)	1.75% of Base Loan	$5,740 Rolled In
Total Loan Amount	Base Loan + UFMIP	$333,740
Principal & Interest	6.00% Fixed APR, 30-yr	$2,000.94
FHA Monthly MIP	0.55% Annual Premium	$150.33
Property Taxes	Budgeted Assessment ($2,400/yr)	$200.00
Homeowners Insurance	Estimated Base Policy ($1,400/yr)	$116.67
HOA Dues	Zero HOA	$0.00

The Partnership: 90% Land Discount Alignment

Converting land cost savings directly into lower homebuyer sale prices

Standard Market-Rate Model

High land acquisition costs push finished homes to $450,000+.
Requires household income >$100,000 to qualify.
Pushes local 60–80% AMI municipal workers out of the Mesquite housing market.

The Presidio Hill Partnership Model

City Action: 90% land cost reduction across the 15.26-acre parcel.
Developer Action: Direct pass-through savings to lock in a $340,000 home price.
Community Impact: Immediate, permanent homeownership access for local 60%–80% AMI workers without ongoing operational public subsidies.

Why Permanent Homeownership Matters

Equity & Wealth Building

Fixed payments build home equity instead of disappearing into rent.

Housing Cost Stability

A 30-year fixed mortgage shields working families from rising Mesquite rents.

Deeper Civic Investment

Homeowners vote, volunteer, and spend locally at higher rates than renters.

Intergenerational Wealth

Home equity becomes an asset workforce families can pass on to their children.

Economic & Community Impact

Measurable returns for the City of Mesquite

1. Expanded Tax Base

Converts underutilized land into 60–75 tax-paying properties, generating stable, recurring tax revenue for municipal services.

2. Local Job Creation

Construction phase supports local trade contractors, suppliers, and engineering services directly within the region.

3. Workforce Retention

Allows essential workers to live in the city where they work, keeping tax dollars and local spending inside Mesquite.

4. Local Business Support

60 to 75 new resident families provide ongoing consumer demand for Mesquite retail, dining, and healthcare services.

Site Planning & Home Design

Thoughtful desert architecture & smart land conservation

Site Development Plan

Parcel Size: 15.26 Total Acres across two contiguous parcels.
Conservation Focus: Strategic layout disturbs only a portion of the total acreage, leaving existing topography intact.
Density: Efficient layout delivering 60–75 single-family detached homes.
Infrastructure: Direct, efficient connection to existing municipal water, sewer, and road networks.

Product Profile: "The Adobe"

Square Footage: ~1,620 sq. ft. efficient floor plan.
Bed / Bath: 3 Bedrooms / 2 Bathrooms.
Garage: Integrated site-built 2-Car Garage.
Features: Modern desert elevation, drought-tolerant landscaping, high-efficiency building envelope, low ongoing maintenance costs.

Neighborhood Renderings

3D concept visualizations of the completed Adobe Trails community

Aerial rendering of Adobe Trails community

Aerial Community Concept — Full Street Layout

Street-level rendering of Adobe Trails block

Streetscape View

Aerial corner rendering of Adobe Trails homes

Corner Lot Aerial View

Front Elevation Rendering

Home Design: "The Adobe"

Front elevation and floor plan for the Belmont R model

Front Elevation Rendering

Floor Plan — Belmont R Model

Interior Renderings

Modern, low-maintenance finishes designed for everyday livability

Kitchen

Living Room

Primary Bedroom

Alignment with City Strategic Goals

Directly addressing Mesquite's Master Plan priorities

City of Mesquite Master Plan Goal	Adobe Trails Project Delivery
Expand Workforce Housing Supply	Delivers 60–75 single-family homes targeting 60%–80% AMI income earners.
Responsible Desert Development	Partial-site disturbance model preserves natural land topography across 15.26 acres.
Protect Neighborhood Standards	Single-family detached architecture with 2-car garages aligns with existing aesthetic guidelines.
Long-Term Affordability	Locked-in $340,000 price point combined with Zero HOA fees ensures low monthly carrying costs.

Next Steps & Partnership Timeline

Moving from Letter of Intent to groundbreak

Phase 1

City Engagement

Presentation review & agreement on 90% land discount terms.

Phase 2

Development Agreement

Drafting & final execution of Purchase & Sale Agreement (PSA).

Phase 3

Engineering & Permits

Civil engineering, environmental review, and site plan submittals.

Phase 4

Construction

Infrastructure installation and Phase 1 home construction.

Thank You for Your Partnership

Presidio Hill Investments is ready to bring Adobe Trails to Mesquite.