Broncho House – making a difference

By: J. David Chapman/April 1, 2021

I have worked with Jay Evans for more than 20 years. Jay’s first entry into real estate was buying distressed property, repairing and improving it, and reselling it for a profit. Yes, long before HGTV, Jay was flipping homes. He was successful; however, he saw the writing on the wall that the window of opportunity was closing fast as more and more people showed up at sheriff sales to purchase the properties. With what he learned flipping homes and a little mentoring from his twin brother Jack, Jay started a home-building company called Two Structures Homes.

Jay is a proud University of Central Oklahoma alum and has become a faithful and dedicated donor to the UCO Real Estate Program. After he and wife, Tricia, funded several UCO Real Estate student scholarships, Jay called me to inform me he wanted to take his giving and our program to the next level. His idea was to buy a lot, build a home, include UCO Real Estate Program students as paid interns to help with construction, sell the home, and give the proceeds to the program for scholarships.

Last semester, Jay’s company, Two Structures Homes, started the project by purchasing an infill lot located at 1444 NE 10th St. in Oklahoma City. They branded the project “The Broncho House” and hired an intern from the UCO Real Estate Program to help kick off the initiative. Less than a year later, the home sold and a ceremony was held last week where Jay and Tricia Evans and Two Structure Homes donated almost $50,000 to the UCO Real Estate Program. Evans said, “The Broncho House project is a way to bring awareness to the students at UCO of career opportunities in the real estate field.” Each week, the public voted on features for the home, including paint colors, fixtures and doors. Winning options were used in the design of the home.

This is a great example of local industry partnering with higher education to benefit the state of Oklahoma. The Two Structures’ Broncho House project will impact Oklahoma as a whole because UCO’s program is the only one of its kind in the state and will impact future real estate professionals working right here in Oklahoma.

Thanks to Jay, Tricia, and the whole Two Structures Homes staff!

J. David Chapman is an associate professor of finance and real estate at the University of Central Oklahoma (jchapman7@uco.edu).