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Dominion Homes began as a family-owned business and has grown into to one of the largest homebuilders in America. Formerly known as The Borror Corporation, Dominion is still today managed by the Borror family, with Doug Borror serving as Chairman and CEO of this publicly-held company. In Hilliard, Dominion developed a section of Hoffman Farms, with homes priced around $300,000. Dominion is also a builder of condominiums and high-density "porch homes" as are being built in the massive development north of Hayden Run Rd, as well as along Feder Rd west of Rome-Hilliard Rd, and in two locations on Walcutt Rd. These home are typically priced around $150,000. Dominion has also gained some notoriety of late as a practitioner of so-called predatory lending. The Columbus Dispatch ran a series of articles on this problem, noting that "Dominion’s two-year default rate is the highest in the nation among homebuilders with mortgage divisions that handled more than 1,000 Federal Housing Administration backed loans. It ranks fifth among all types of large lenders." In the Galloway Ridge development (in Southwestern City Schools), one in ten homeowners has entered bankruptcy, foreclosure, or both, according to the Dispatch. In May 2006, Dominion Homes purchased a 57 acre parcel at the southwest corner of Hayden Run and Cosgray from Chuck Buck (a Trustee for Norwich Township). The purchase price was $1.9 million -- over $32,000 per acre. Hilliard has annexed the land, and development plans have already been drawn up and published by the City of Hilliard. The plan shows lots for 92 additional homes. Additional articles regarding Dominion were published in the February 22 edition of the Columbus Dispatch. |
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