County faces home financing problems

County faces home financing problems
Local News

By scott miller

EAGLE COUNTY — There will be 30 new homes built in Gypsum this year. Other homes are popping up elsewhere in the valley. And brokers are still clamoring for more units. The problem is financing. After the financial collapse of 2008, a combination of risk-shy lenders and new federal banking regulations have put at lid on construction, at least for multi-family and other speculative projects. That lid may be lifting a bit, especially for those building one unit at a time. “We’re talking to a lot of current customers,” said Michael Brown, regional president for Alpine Bank. Many of those …

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