Affordable housing developer shuts down

One of the largest builders of affordable single-family homes in Oregon, HOST Development, shuts down due to the economy.

One of the largest builders of affordable single-family homes in Oregon for 21 years, HOST Development, has shut down due to the economy.

Before closing down, HOST had been building up to 100 homes a year.

That's dozens more than even another motivated builder, Habitat for Humanity, could manage in the same period."Even that was a drop in the bucket compared to the need," says [President Ted] Gilbert.

City housing officials so far are keeping a stiff upper lip, acknowledging the blow but clinging to hopes that other developers might fill the void—especially now that land is cheap.

Read more at the Portland Mercury.

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Last modified onMonday, 19 October 2015 11:39

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