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What does it cost to build a community and where does the money come from?

April 26, 2017build COST money

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What does it cost to build a community and where does the money come from?

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Total Project Cost: $5.7M Owner / Sponsor Equity: $1M Bond / Mortgage: $4.7M The owner/sponsor equity can consist of a combination of land, cash or pledged assets. The mortgage typically is obtained from local banks who purchase tax exempt bonds issued by the local Industrial Development Agency.