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How This Workforce Housing Developer is Saving on Construction Costs

Vertical integration helps one company achieve affordability.

By Les Shaver | July 21, 2021 at 07:20 AM

Unlike some developers in the market, Ernesto Lopes, president & CEO of AHS Residential, doesn’t want to build high-end, luxury apartments. Instead, he aims to help solve the housing crisis by building attractive communities at a moderate price point for working-class families and individuals.

Even before the pandemic, that wasn’t easy. But, now, with soaring construction and labor costs, it is a daunting task. Still, Lopes says it is possible. In fact, he thinks it is possible to build attainable housing on a large scale. He plans to start 1,000 units by the end of this year. By 2024, he wants to hit 5,000 annually.

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