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Layered together, an unassisted, market -rate, all -in budget for a project of this size in this market typically lands in the
<br />range of approximately $2,200,000 to $3,700,000. In -kind contributions have meaningful potential to compress these
<br />numbers.
<br />If holding the project under the $1,000,000 ceiling identified by Elevate Hope House remains the priority, the most
<br />direct levers are: reducing total enclosed square footage (for example by leaving the second floor as a partially -finished
<br />shell for later buildout), simplifying exterior detail and finishes, and continuing to expand the in -kind donation and
<br />trade -partnership network. These are choices best made jointly with the selected general contractor once their pricing
<br />input is on the table.
<br />Indicative Phase 1 budget:
<br />On an unassisted, market -rate basis, Phase 1 hard construction costs are anticipated in the range of approximately
<br />$1,400,000 to $2,300,000, before soft costs and contingency. The realistic path to bringing this number down toward
<br />Elevate Hope House's $1,000,000 Phase 1 fundraising ceiling runs primarily through in -kind contributions, and the
<br />depth and breadth of those contributions is what will ultimately determine where Phase 1 lands.
<br />Reaching the $1,000,000 ceiling will depend on materially expanding the roster of in -kind sponsors, including donated
<br />or heavily discounted labor across the major trades (framing, electrical, plumbing, HVAC, and finishes), donated
<br />windows, doors, and millwork, sponsored major building systems (sprinklers, HVAC, cabinetry, and cafe kitchen
<br />equipment), and a sustained volunteer labor program coordinated alongside the trades -program work. Sponsor -named
<br />spaces and room -by -room dedications are a proven path for capital projects of this kind and can be a meaningful
<br />contributor to bridging the gap.
<br />Each major trade donation that comes in compresses construction cost meaningfully. At this scale, a deep stack of in -kind
<br />contributions across labor, materials, and major systems can plausibly trim 30 to 40 percent off the unassisted
<br />market -rate cost. The earlier these commitments are firmed up during the design phase, the more confidently the project
<br />can be priced and the more leverage Elevate Hope House will have in its fundraising conversations.
<br />Indicative Phase 2 budget:
<br />Apartment fit -out in 2028 is anticipated in the range of approximately $450,000 to $650,000, depending on finish level
<br />and whether the three units are completed simultaneously or sequentially as additional funding becomes available. The
<br />same in -kind contribution strategy will carry forward into Phase 2 and is expected to compress these numbers as well.
<br />These figures are pre -design planning estimates. They are provided in good faith for proposal and fundraising
<br />conversations, and are not a guaranteed or fixed price. Final pricing for this project will be determined by the general
<br />contractor selected by Elevate Hope House, based on detailed construction documents, market conditions at the time of
<br />bid, the scope of in -kind contributions actually realized, and decisions made during design. Resilience Architecture +
<br />Design is not responsible for, and does not warrant, the final construction price; that responsibility rests with the general
<br />contractor and the project owner.
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