The initial development design is complete, with a few approvals for the main development. THIS IS ONLY AN ESTIMATE. If funds are raised sooner, then the development will be built accordingly.
Phase 1 consists of the initial 30 homes to be built. Most of these 30 units’ infrastructure is from a previous development. This bonus will help get needy families into homes sooner. Phase 1 build-out is set to cost approximately $9,000,000.
Estimated Construction Start Date: October 2023.
Phase 2 build will consist of 40 homes and the remaining infrastructure for the main development. Phase 2 build-out is set to cost approximately $12,000,000 for the homes and $1,700,000 for the infrastructure.
Estimated Construction Start Date: February 2024.
Phases 3, 4, and 5 build will consist of 40 homes per phase, costing approximately cost per phase is $5,000,000.
Note: The costs for construction are estimates, and prices are locked in from the 2023 construction season. The only variable will be fuel and delivery fees.
Estimated Construction Start Date: October 2023.
Click here to review the updated income/expense report.