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The company was formed in 1980 as NVHomes, Inc. (formerly North Virginia Homes Inc.) by Dwight Schar. [1] In 1986, the company acquired Ryan Homes, founded in 1948 in Pittsburgh, Pennsylvania, to provide housing in the expanding post-war economy. [5] In April 1992, as a result of the early 1990s recession, the company filed bankruptcy. [6]
Ryan Companies US, Inc. (or Ryan or Ryan Companies) is a national [2] builder, developer, designer, and real estate manager based in Minneapolis, Minnesota. With in-house construction, design, development, capital markets and real estate management, Ryan uses integrated project delivery (IPD) as a preferred method for and delivering design and construction projects and organizing project teams.
In 1968, the company built 220 homes at an average price of $30,000. [3] In 1970, Ryan noticed a "Maryland" sign with the initial "M" and "A" covered, and shortly thereafter the company changed its name to The Ryland Group, Inc. [3] In 1971, the company expanded to Atlanta and became a public company via an initial public offering, raising $4.6 ...
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
In 1968, Schar began his career with homebuilding company Ryan Homes, where he headed the company's land acquisition and development efforts in Ohio, Kentucky, and Indiana until 1973. Subsequently, he was appointed vice-president and group manager of Ryan Homes, Inc.'s Washington, D.C., operations, a position he held from 1973 to 1977.
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