post new_6e53638f8fd2b4f63057d861105f011f-1

Posted on June 10, 2013 by amileham

Park Haus began in 2011 with the goal of bringing nine vacant, single-family residences back into functional operation. These homes have proved to be challenging due to the high costs associated with these renovations and lack of comparable sales for banks to use to back-up financing. To-date, four of the nine homes are completely renovated, and four are under contract to purchase and renovate. The completion of these homes should provide precedent for independent builders and developers to accomplish similar projects in Over-the-Rhine.