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Agenda - Economic Development Authority - 06/11/2026
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Agenda - Economic Development Authority - 06/11/2026
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6/25/2026 1:30:16 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Title
06/11/2026
Document Date
06/04/2026
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Elevate Hope House is intentionally not pursuing a traditional development model. <br />This project is designed from the beginning to be built through: <br />• Deep community partnership <br />• Trade collaboration <br />• In -kind material donations <br />• Phased construction strategy <br />• Simplified design decisions <br />• Volunteer and workforce integration where appropriate <br />Our goal is not to replicate a market -rate project —but to reimagine how a <br />community -supported project can be built. <br />Target: Phase One, Under $1,000,000 (Cash + In -Kind Combined Value) <br />Phase One includes: <br />• Full main -floor Gather buildout <br />• Core building systems (structure, utilities, elevator) <br />• One completed apartment <br />• Remaining upper units framed for future completion <br />Cost Reduction Strategy <br />1. Phased Construction Model <br />• Only one apartment fully completed in Phase One <br />• Additional units framed for future buildout <br />• Reduces immediate capital need significantly <br />2. Simplified Building Design <br />• No full commercial kitchen <br />• Minimal back -of -house footprint <br />• Efficient mechanical systems <br />• Straightforward structural design <br />• Cost-conscious exterior finishes <br />
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