South Coast Developer introduces 400 single family homes to Coos Bay housing market

In a meeting that echoed with the promise of growth and community development, the Oregon Legislature's Joint Committee on Ways and Means Subcommittee on Capital Construction discussed a significant housing project poised to reshape Coos Bay. Under the warm glow of city hall lights, the committee highlighted a new development that will introduce 400 single-family homes to the area over the next decade.

The project, spearheaded by the South Coast Developer, is not just a construction endeavor; it represents a commitment to enhancing the local economy. With a proven track record in both commercial and residential developments, the developer aims to see this project through to completion, driven by a passion for community betterment.

As Coos Bay grapples with a vacancy rate of just 1 to 3%, the addition of these homes is seen as a crucial step in addressing the region's housing needs. The homes, priced just under $400,000, are expected to alleviate some of the challenges local employers face in attracting qualified candidates. Many businesses have reported losing potential hires due to the lack of available housing, particularly for roles in essential services.

Coos Bay, the largest city on the Oregon Coast with a population of around 16,000, is also investing heavily in its infrastructure. Over the past decade, more than $70 million has been funneled into upgrading its wastewater treatment facilities, including a $24 million reconstruction of Treatment Plant 2 and a current $25 million rehabilitation of Treatment Plant 1. These projects are funded through a strategic balance of equity investment and debt issuance, ensuring that the city maintains responsible fiscal management while preserving its beautiful natural surroundings.

As the meeting concluded, the discussions left a sense of optimism in the air. The housing development not only promises to meet the immediate needs of the community but also aligns with the governor's broader housing production goals. With each new home, Coos Bay takes a step closer to a more sustainable and vibrant future, ready to welcome new residents and support its local workforce.