Loveland Habitat for Humanity
The startup investment to build a Quad-plex townhome is more expensive than a single family home, due to the cost of starting 4 homes all at once, and higher excavation, foundation and materials and supplies for framing and roofing. Fortunately, the total cost per Quad-plex townhome is lower, compared to a single family home. This cost savings affords Loveland Habitat the ability to serve more distressed and low income families. Following is a side-by-side comparison of the Quad-plex townhome, followed by Single family home. Quad-plex townhome: 4 Families Community members impacted: 16 Square footage per home: 900 Rooms/baths: 3/2 Avg. Cost per finished home: $91,500 Cost for construction of 4 homes: $366,000 Single family home: 1 Family Community members impacted: 4 Square footage per home: 900 Rooms/baths: 3/2 Avg. Cost per finished home: $175,000 Cost for construction of 4 homes: $700,000 Loveland Habitat for Humanity is requesting $5,000 for construction of the new Quadplex townhome, to offset the higher upfront costs of excavation, pouring foundation and concrete, and materials and supplies for framing and roofing.
by: Vince Deely