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Call 6

Homebuilder Earmarks $24M To Resolve Complaints

Mold Concerns, Allegations Of Construction Defects At Issue

POSTED: 10:47 pm EDT May 17, 2004

A company that owns an Indiana homebuilder has set aside $24 million to pay for repairs in connection with hundreds of complaints, Call 6's Rafael Sanchez reported Monday.

Atlanta-based Beazer Homes USA Inc., which owns Carmel-based Trinity Homes, said in a recent report to the Securities and Exchange Commission that it faces 759 homeowner complaints, mostly from Indiana.

The complaints include allegations of construction defects and mold issues. Beazer said the average repair cost per home could be as high as $37,000, Sanchez reported.

Mold concerns last year prompted Trinity to offer to buy back 68 homes that it built in Zionsville. Trinity also worked to fix moisture-related problems in other homes.

Trinity said Monday that it has inspected one-third of complainants' homes and is working to address the others. Trinity said it has done substantial repairs on more than 100 homes.

Trinity said it is filing a repair plan in response to every complaint filed with the Indiana attorney general's office.

The attorney general's office said it is keeping track of homeowner complaints.

"If the consumer is not satisfied with their progress, there is a role for us in making sure that we can act on behalf of the consumer to make sure Trinity is responding properly," said Brent Embry, of the attorney general's consumer protection division.


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