Current and Projected Timeline (as of 6/4/21):
What We've Done So Far:
- November 2019 | $259,300 was committed for 24 months by 37 families
- May 2020 | Purchased 2.45 acre parcel for $220,000 (assessed at $320,000)
- October 2020 | Site Plan submitted to Stafford County
- November 2020 | Conditional Use Permit (CUP) submitted to Stafford County
- December 2020 | Steel order placed for May 28, 2021 arrival
- December 2020 | Building Plan submitted to Stafford County
- January 2021 | $150,000 investment to help with site work or paying off land
What's Next:
- January-June 2021 | Lending and permitting secured to begin site work/construction
- February 24: First Public Hearing - Passed
- April 20: Second Public Hearing - Passed
- June 28: Closing on Construction Loan
- July 19: Third Public Hearing
- August 28: Steel Delivery
- August 2021 | Construction Begins
- March 2022 | Move-in
Current Pre-Construction Costs:
- Feasibility Study | $7,960.50 of $7,960.50
- Land Purchase | $5,053.75 of $220,000.00
- Architectural Fees | $76,053.86 of $97,000.00
- Civil Engineering and Site Work Fees | $43,237.47 of $54,642.70
- Stafford County Fees | $24,035.17 of $64,035.00
- FF&E | $56,377.00 of $137,000.00
- Construction Loan Closing Costs | TBD
- Steel | $209,014.37 of $209,014.37
- Total Paid | $412,933.81 of $789,652.57 (52%)
Capital Campaign Commitments:
- 48 Commitments (+11 since start of the campaign)
- Total Given | $222,284.61 of $263,200.61 (84%)
Next Steps:
- Receive permitting. This allows us the right to move dirt and build.
- Lending secured. Closing is projected for June 28, 2021 on construction loan. Our attorney is reviewing the loan documentation.
