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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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PHASE TWO: FUTURE HOUSING EXPANSION <br />Completion of additional apartment units is anticipated in a future phase (2028+), estimated at: <br />$450,000 to $650,000 (pre -donation estimate) <br />This phase will follow the same partnership -driven cost reduction strategy. <br />WHY THIS MODEL WORKS <br />Elevate Hope House has already demonstrated the ability to: <br />• Build housing through partnerships <br />• Leverage donated labor and materials <br />• Engage community stakeholders <br />• Sustain long-term programming <br />This project expands that same model at a larger scale. <br />KEY TAKEAWAY <br />This is not a traditional development asking to be funded. <br />It is a community -built project —where: <br />• businesses contribute <br />• trades participate <br />• donors invest <br />• residents engage <br />Instead of asking one entity to fund the whole project, we are inviting an entire community to <br />help build it. And together, Ramsey builds something it will use every day. <br />PRELIMINARY TIMELINE <br />2026: Land acquisition + planning + fundraising <br />Spring 2027: Permitting + Construction <br />Winter 2027: Gather opening + first housing unit operational <br />Future housing expansion completed as funding allows. <br />
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