Michael and Sonja, be happy to address the subject of each, I'll start another thread.
As to that claim;
I can see where a group home, converted from a SFD with a special use permit for zonning can produce 3 or 4 times the revenue for specific tenants. The one I was affiliated with had been added on to to facilitate 4 residents, wheel chair dependant and who had shared assistance, set up much like a nursing home but with mediacl care. Because no similar housing was available rents were higher on a sq. ft. basis, but construction was major and was not the cash cow it would appear to be saying 4X higher rents.
SFDs in this area are slightly higher than the norm or at pretty much market rate. The great part is that tenants don't move as much so you get a long term tenant.
Sounds to me like hype again for this program mentioned.
Leasing to existing non-profits long term will not generate higher rents, in fact they want a better deal. Having your own N/P and generating your own tenants can get slightly higher rents but they need to be justified. It depends on the modifications too, wider doors, open cabinets, pull under sinks, reinforced ceiling attachments for slings and bars, larger bath rooms, roll in showers, exterior ramps, van accessable garage with additional space and ramp, bed and bath alarms and open floor plans are hard to find. Some conversions are inexpensive, some are not.
The best thing about N/P special housing is 1. generally a great tenant, 2. Longer lease terms and stability. 3. Actually providing a needed service and a good reputation in the community (depends on what king of housing). Lastly, almost zero liability under state law for N/P corporations for Officers, directors and employees, they have to really mess up as intentional acts are not covered, but such persons acting in good faith under a N/P can not be held personally liable!
I'll start another thread...