Financial Transparency
Project Budget Overview
Total development cost: $1.88M
- Land acquisition — $100K
- Site development and utilities — $200K
- Parking and infrastructure — $200
- Two apartment buildings — $1.12M
- Community center — $120K
- Playground and recreation areas — $80K
- Soft costs and permits — $180K
- Contingency — $80K
Project Funding Structure≈ $1.88M
- Developer equity — $170,00
- Grants & Donations — $500,000
- Construction financing — ~$1.21M
- Basketball court
- Infrastructure and utilities
- First 8-unit apartment building
Phase Funding Breakdown
Phase 1 ≈ $1.23M
- Loan — $850K
- Developer equity — $120K
- Grants/donations — $260K
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