Portland Affordable Housing Company Host Development Shuts Down

Summary


Host Development has shut down its affordable housing development operation. Host's executive director John Miller confirmed the closure but declined to comment, referring calls to Ted Gilbert, Host's board chair.

In a letter posted on the developer's website, Gilbert and Miller described how the economic downturn turned a plan to create 1,000 new homeowners by 2017 into a real estate nightmare.

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Extract


Portland Affordable Housing Company Host Development Shuts Down

The company, which opened in 1991, complete...

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