Time is of the essence!
In order to comply with funding deadlines, we must begin to sell homes by January 2024 or risk losing significant subsidy. We know we can do it, but with this ambitious timeline, we must use more subcontractors than ever before.
Campaign Progress Tracker
48%
to goal
48%
to goal
Thank you, campaign donors!
Campaign Updates
Final Walkthroughs This Week in Escondido
Finishing Touches at Our 10-Home Community in Escondido
Countdown to Completion in Escondido
Building Homes and Hope With Realty Income in Escondido
December 2019
property purchased
February 2020
permitting process started
April 2020
first permits received + grading started
May 2022
groundbreaking + construction started
January 2024
all units completed/sold
Project Budget
| Acquisition + Construction Costs | |
|---|---|
| Land Costs | $320,000 |
| Site Improvements | $1,524,000 |
| Direct Construction | $2,612,000 |
| Impact Fees | $500,000 |
| Consultants, Permit Fees, Bonds | $250,000 |
| General Conditions | $1,041,200 |
| Contingency | $520,600 |
| TOTAL | $6,767,800 |
| Project Funding Sources | |
|---|---|
| HOME Funds Awarded | $1,000,000 |
| Habitat Homeowner Mortgages | $1,800,000 |
| CalHome Predevelopment Loan/Mortgage Assistance | $1,000,000 |
| Habitat Unrestricted Funds | $321,000 |
| TOTAL | $4,121,000 |
| Funding Gap | $2,646,800 |
|---|
First or Second Floor Sponsor
Cox
Wells Fargo Foundation
Roof Sponsor
Realty Income
Foundation Sponsor
Bank of America Foundation
The Hervey Family Fund
Kitchen Sponsor
County of San Diego
Grifols
Hume Termite
Hunter Industries
Charles & Ray Lickel
US Bank Foundation
Bedroom Sponsor
Appfolio
Buffini and Company
East County Economic Development Council
Maurice J. Masserini Trust
Lori Holt Pfeiler & Tim Pfeiler
PNC Financial Services Group Inc
The Raymond Foundation
Window Sponsor
Janet & Ron Beronio
Edward & Lourdes Brekke
Soleil Moscona
Simpson Strong-Tie
State Farm Mutual Automobile Insurance Company
Arlene & Rob Tendick