After
the HOPE 3 program ended, OHAS continued an aggressive "affordable"
housing program, striving to house individuals and families with
low income and/or disability. Working closely with Chemeketa Community
College's (CCC) Building Trades Class, we constructed a new home
a year.
We
would acquire a building lot and the CCC class, under the guidance
of their instructor, constructed a new home within the school year.
The students gained valuable, hands-on, experience, giving them
an edge on the competition when they enter the job market.
OHAS
gained a home that could be sold to our target population at a "below
market" price. It was not uncommon to have the appraised value
of these homes to be as much as $10,000.00 higher than the sale
price, thus giving the buyer an "instant equity" in their
new investment.
House
#1 Appleblossom
Started in the Fall of 1998, our first
such home sold for only $97,000. A modest three-bedroom, one bath
structure with a single car garage, the home appraised for over
$105,000.00, benefiting the buyers with "instant equity.".
Before
Laurel After
The second home was a foreclosure property
donated to us by Marion County. We needed to tear down the house,
fill and compact the basement area and then construct the new three-bedroom,
one and one-half bath, 1231 square foot home. Sold for the bargain
price of $98,500.00, the home appraised for over $115,000.00, greatly
pleasing the new owners.
Our
Last Home:
Milkey
Way
Next came a single level, 1230 square
foot, three-bedroom, two-bath, with inside utility room and single
car garage. The challenge this time was the heavily treed lot. The
finished product sold for $115,000.00. Again the appraised value
exceeded the sale price, and again we had happy owners.
Shortly after completion of the Milkey
Way home, CCC reassessed their Building Trades program and, based
on shrinking budgets, and dramatically increasing class costs, opted
to terminate the class. Without the necessary "classroom"
workforce, OHAS was also forced to terminate the new home construction
program.