Latest news with #LennarHomes
CBS News
19 hours ago
- General
- CBS News
Construction begins on $5.5 million veteran housing project in Eagan
With a ceremonial turn of soil on Wednesday, construction of Veteran Village in Eagan, Minnesota, is officially underway. The $5.5 million project, made possible by the Minnesota Assistance Council for Veterans (MACV), Housing First Minnesota, Lennar Homes and several other contributors, will bring 22 homes to house 36 veterans and their families. "These homes are more than just a roof with four walls," Sofia Humphries, Senior Director of Community Impact for Housing First Minnesota, said. "They represent safety, support and a new beginning." The first-of-its-kind project aims to support and honor our nation's heroes by taking care of the most essential of needs. "You need to know where you are going to lay your head at night, rest and recover to be able to take on the day," Humphries said. MACV's Chief Operating Officer Jon Lovald says in order for veterans to address other life challenges, they need to have the security that a home provides. "Your ability to work on anything else that's going on in your life revolves around having a roof over your head," Lovald said. On average, around 600 veterans enter homelessness each year in Minnesota, making projects like this even more crucial. "Twenty-two units coming online in the year is going to make a huge dent in our ability to continue outpacing veterans who enter homelessness," Lovald said. Construction on the final unit is expected to wrap up in November. For those involved in the build, the homes represent something much bigger. "We're celebrating a shared belief that every veteran in our state deserves safety, dignity, and a place to call home," Lovald said. It's a new community, driven by a mission to serve those who once served us.
Yahoo
12-06-2025
- Business
- Yahoo
Residential solar installer Sunnova files for bankruptcy, plans to sell and wind down operations
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Sunnova, the second-largest installer of third-party owned residential solar installations by market share, filed for chapter 11 bankruptcy on Sunday. Although the company's customer base and revenue continued to grow, rising interest rates, inflation, tariffs and other factors had eroded the company's profit margins, rendering it unable to pay its debts, President and CEO Paul Mathews said in the bankruptcy filings. Sunnova plans to sell off 'substantially all' of the company's assets and wind-down any remaining operations following the sale, Mathews said. Sunnova said in a Monday announcement following the filing that it will accept bids on its assets and business operations for the next 45 days; after the sale, the company plans to wind-down any remaining operations and close, Mathews said in court filings. The company has already agreed to sell some assets to a holding company that has received $15 million in financing from global investment firm ATLAS SP Partners, and has also agreed to sell other assets from its new homes business unit to builder Lennar Homes for $16 million, according to the company announcement. 'Today's actions mark a critical step towards securing a value-maximizing outcome for Sunnova's stakeholders,' Mathews said in a statement Monday. 'Throughout this process, maintaining continuity of service for our customers is our top priority as we work to secure a long-term solution for our business operations under new ownership.' Matthews said he was 'incredibly grateful to our dedicated Sunnova team for their hard work and commitment. We have built an innovative power provider, and I continue to believe deeply in the future of our industry and the promise of residential solar and storage.' According to the chapter 11 bankruptcy filings, Sunnova faced 'critically tight liquidity' and expected to run out of cash this April or May if it was unable to secure additional financing. However, the company's efforts to find new lenders earlier this year were unsuccessful, a failure Mathews partially attributed in court documents to uncertainty created by Trump's executive order to freeze spending authorized by the Inflation Reduction Act. Although the courts have paused the implementation of that executive order and restored payouts under the act, the uncertainty it created meant lenders were unwilling to provide Sunnova with additional financing, Mathews said. He also said that although Sunnova grew its revenues and quadrupled its customer count between 2020-2024, market factors such as above-target inflation, prolonged high interest rates and tariffs had diminished the company's profitability. The company attempted to cut costs and free up funds to make its growing debt service payments by focusing on lower-risk installations, and by 2025 had shrunk year-over-year net losses by more than 10%, Mathews said. The company also installed new leadership, including Mathews, and laid off 50% of its workforce earlier this year. However, the new strategy was unable to make up for its previous policy of aggressive spending and borrowing in pursuit of rapid growth. By early 2025 the company was unable to pay its dealer network, which caused its contractors to stop work on projects that were in process and further curtailed the company's incoming cash flows, Mathews said. Recommended Reading Utilities' misguided opposition to community solar in California Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CBS News
31-03-2025
- CBS News
Teens throw illegal house party at two new and vacant Folsom Ranch homes
FOLSOM – Hundreds of teenagers took over two brand new vacant Folsom Ranch homes in an illegal house party Saturday night. "This is like something out of a movie," said Shelley, who didn't want to give her last name but witnessed everything. "Two hundred-plus kids breaking into a house." She captured the shocking video showing one teenager after another filing out of two vacant new homes on Happy Hallow Drive, filling the street. "These are all new people that just moved in so they have probably only been here maybe a couple of weeks," Shelley said. "You could see the kids up inside the second floor. All the lights were on. They were screaming and yelling and just partying." On Sunday, there was evidence left behind from the illegal party: leftover beer cans on the driveway, alcohol cases inside and handprints on the garage. Ring video shared with CBS13 showed the kids rolling up and making no attempt to be discrete. "There was a fight that broke out in the street," said one neighbor who wanted to stay anonymous. "Two kids approached another kid and kind of bombarded him, threw him onto a car hood and he fell onto the floor. It was at that moment that we decided to call the cops." The neighbor said the brawl was the final straw. Cell phone video from a different neighbor shows when the police showed up and the kids cleared out after neighbors said they called multiple times. "They showed no respect to the police officer that showed up and they were being destructive," Shelley said. CBS13 spoke with the owner of the home over the phone who did not know any of this happened until they came out to do the story. He said that he was in disbelief. They had just painted his new home and he moved in May. He now has a whole lot of questions. CBS13 went to the Lennar Homes office to get answers but instead was told they had no comment at this time. "It was a little scary," said another neighbor who wanted to stay anonymous. "It looked like they consumed drugs as well, we could smell it." That neighbor said they moved here because it seemed safe and quiet, never expecting to see the street swarmed with teens. Construction for new homes is still happening on the streets, but the completed homes with "sold" signs did not stop the teens from taking over. It has neighbors questioning: where were the kid's parents? "People are saying, 'Oh you guys are Karens,'" Shelley said. "I don't think they would feel that way if it was happening in their house they just bought or in your neighborhood." CBS13 reached out to the Folsom Police Department multiple times but never heard back. Neighbors think this may have been a social media challenge and hope they can get a security guard to patrol this area from now on.
Yahoo
29-03-2025
- General
- Yahoo
Lowcountry veteran surprised with brand new home
HARDEEVILLE, S.C. (WSAV) — It started as a way to help veterans deal with life outside of combat, but now the veteran's charity Operation Patriots FOB (OPFOB) has become a lot more. It helped make a military family's dream come true with a brand-new home to call their own. A police escort came into the Preserve at Hilton Head Lakes, the streets lined with neighbors and supporters, and a veteran was given a ride to a big surprise. Morgan Strain and his wife Kemi got out of the car, in front of dozens of friends and neighbors, to hear the home in front of them now belonged to them. It was moment that proved even a marine can cry. 'There's not there's not a way to adequately say what this means.' said Morgan Strain. 'We got out the car, saw within a couple of blocks. You see the crowd a lot in the street and start seeing my friends like people I've known for four or five, ten, 15 years.' Friends who kept this surprise for months. Until this day. The house, the materials and all the work were provided through 'Homes 4 Heroes' a partnership between OPFOB and Lennar homes. 'We want to be able to give back to the community that takes care of us,' SAID Brian Cartwright, Division Manager with Lennar Homes. 'And being able to take care of a veteran that's really served our country and taking care of us makes it all that much more special.' After a ceremony in their honor, the Strain's had a special moment of their own. Walking through their front door for the first time, they were surrounded not just by unfinished walls, but messages of love and support from the community. Many of whom the family had never met. 'I don't even have the words to know that all this love is at the center of our home,' said Kemi Strain. 'We were really caught off guard with all this,' said Morgan. 'We knew there was a long shot. But for it to come and culminate today and to see everybody in the massive amount of support and love that our friends and family have poured into this, Lennar Homes, they've all gone above and beyond.' OPFOB called this event a 'dream come true'. 'When we started Operation Patriots FOB, we never thought that we would be in a position to be able to gift homes and do all the different things that we do in the community,' said J.R. Brown, OPFOB co-founder. 'We started with outdoor recreational activity and now four and a half years, almost five years, until we were able to gift a home away. And you want to talk about a generational impact for a family. It's just it's huge.' If the home wasn't enough, there was one more surprise waiting for Morgan. 'OPFOB is about to kick off the service dog program. And OPFOB would like to offer you a job to start our service dog program.' There's still some work to be done on the home, but the Strain's will be able to move in in June. For more information on OPFOB, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
USA Today
08-02-2025
- Business
- USA Today
New public-access golf course opens in growing Florida community
New public-access golf course opens in growing Florida community Calusa Country Club has opened in Lakewood Ranch, Florida, as part of a Lennar Homes development. The 18-hole course, designed by Gordon Lewis and open to the public with memberships available, is part of the Lakewood Ranch community that is just southeast of Tampa Bay. The Calusa layout – managed by Troon's ICON Management division – has Tif Eagle greens, Bimini Bermuda fairways and water in play on all 18 holes. The facility also features a water range and a short-game practice area. A 12-hole putting course will be added, also designed by Lewis.
