We Need
$390,000 Cash Match for 70% LTV Mortgage.*
Raise the remainder of the funds by Dec. 31. Break ground in March 2023.
$390,000 Cash Match for 70% LTV Mortgage.*
As of October 30 ,2022 we have
$286,563
in cash, grants, pledges & equity for acquisition costs.
*CHANGE FROM $650,000 AT 50% LOAN TO VALUE MORTGAGE.
$1, 300,000 is the Sept 2022 estimate of Land, Labor & Materials, Architect, Surveyor, Attorney and Builders' fees, plus Permits
Organizational,
As of October 30 ,2022 we have
$286,563
in cash, grants, pledges & equity for acquisition costs.
*CHANGE FROM $650,000 AT 50% LOAN TO VALUE MORTGAGE.
$1, 300,000 is the Sept 2022 estimate of Land, Labor & Materials, Architect, Surveyor, Attorney and Builders' fees, plus Permits
Organizational, Marketing & Fundraising costs
Administrative fees are Zero. (Home Allies board members are performing all duties for free.)
$226,656 for 3 years rent subsidies
Raise the remainder of the funds by Dec. 31. Break ground in March 2023.
$390,000 Cash Match for 70% LTV Mortgage.*
As of Sept. 15,2022 we have
$52,750
in cash, grants and pledges for rent subsidies.
$29,000 of that is reserved for years 2 and 3. We still need $55,000 for the first year, assuming no tenants have incomes or assistance from other sources. Full rent, including utilities, calculated at $787 per unit per mo
As of Sept. 15,2022 we have
$52,750
in cash, grants and pledges for rent subsidies.
$29,000 of that is reserved for years 2 and 3. We still need $55,000 for the first year, assuming no tenants have incomes or assistance from other sources. Full rent, including utilities, calculated at $787 per unit per month, the HUD 2022 fair market rate for the Ames area. Total monthly operating expenses at cuirrent interest rates estimated at $8,600 per month
Raise the remainder of the funds by Dec. 31. Break ground in March 2023.
Raise the remainder of the funds by Dec. 31. Break ground in March 2023.
Raise the remainder of the funds by Dec. 31. Break ground in March 2023.
The need for these units is great. But supply chain issues plus inflation are playing havoc with material costs & labor availability. We likely have missed our Fall 2022 deadline to break, so all first year cash donations, multi-year commitment letters and leases must be at the bank by early September(change in schedule).
Please donate n
The need for these units is great. But supply chain issues plus inflation are playing havoc with material costs & labor availability. We likely have missed our Fall 2022 deadline to break, so all first year cash donations, multi-year commitment letters and leases must be at the bank by early September(change in schedule).
Please donate now!
Challenge your social media followers to give.
Take a collection at work.
Ask your employer to match your donations.
Housewares & Furniture once units are ready
Raise the remainder of the funds by Dec. 31. Break ground in March 2023.
Raise the remainder of the funds by Dec. 31. Break ground in March 2023.
It is likely that most of our initial tenants will not have any furniture and few household items like cookware and linens. They will need help obtaining either new or still serviceable pre-owned items.
This would be a perfect community project for a couple of service or youth groups to take on in March of 2023!
Donations are tax-deductible 501(c)3 non-profit EIN: 87-2045725
.png/:/rs=w:370,cg:true,m)
Our Business, Corporate, Non-profit and Group Donors
Story County Housing Trust Fund
$83,916 grant for construction of units housing people with incomes at or below 30% of Story County's area median income (AMI).
United Way of Story County
$1,000 for rent subsidies in 2023.
Story County Board of Supervisors
$68,200: $25,000 for construction of units housing people with incomes at or below 50% of Story County's area median income (AMI). and $43,200 for rent subsidies
City of Ames
$25,000 grant for construction of units housing people with incomes at or below 50% of Story County's area median income (AMI).
Ames Noon Kiwanis Club
$1,250 grant for construction of units housing people with incomes at or below 50% of Story County's area median income (AMI).
Mary Greeley Medical Center
$5,000 sponsorship for rent subsidies for3 people with incomes at or below 30% of Story County's area median income (AMI).
Gannett Foundation: A Community Thrives National Merit Grant
$10,000 grant for construction of units housing people with incomes at or below 50% of Story County's area median income (AMI).