A construction company is putting together a house on the side of the road in California.
But first, they’ll have to secure funding for the project.
In the US, construction is notoriously hard to fund and expensive.
It takes months to build something, and it takes years to complete it.
That’s why companies like the company Building Materials and Construction Supply Association (BMCSA) want to help people get the financing they need to build big projects in their communities.
But that’s not always easy.
For starters, most states require a bond to fund a large-scale project.
But in the US as a whole, most projects are funded by the public.
So to build their house, the developers are using bonds from the California Public Utilities Commission (CPUC) to fund the project, according to a statement by BMCSA.BMCsa says the project is the largest in the country.
They’ll use a $25 million bond, and will use the remaining $5.8 million to pay for materials, utilities, and other costs.
The company says it’ll use some of the bond proceeds to cover a portion of the construction costs.
It says the total cost of the house, including labor and materials, is $5,000,000.
That would put the total price tag at $8 million, with a profit of $1.1 million.