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Columbus 'Clicks' to the CityLiving Network: Local Real Estate Businesses and Housing Organizations Launch Homebuyer's Website Offering Affordable Ownership Opportunities
Friday, May 16, 2008
COLUMBUS, Ohio, May 16 /PRNewswire/ -- With more than 100 million websites
on the Internet and hundreds of new ones launching every day, central Ohio has
the unique advantage of hosting a brand new site designed to help
Columbus-based families find affordable homes. Demonstrated today at the
Columbus Board of Realtors, 2700 Airport Drive in Columbus, at 10:00 a.m., the
CityLiving Network is an on-line collaborative offering a one-"click" resource
that lists properties, educates the consumer and offers credit and homebuyer
counseling for those looking to purchase their piece of the American real
estate dream.
"We believe the CityLiving Network is a valuable 21st Century resource to
meet a pertinent need in our community," says Boyce Stafford III, director of
the department of development, city of Columbus. "These services will allow
for greater synergy between the city's nonprofit developers, families in-need
looking for homes and the real estate professionals who are in our
neighborhoods every day."
A public-private partnership with Coldwell Banker King Thompson and
operated by Enterprise Community Partners in Columbus, the CityLiving Network
connects real estate professionals, lenders and the city of Columbus with non-
profit developers and housing-support agencies to provide available for-
purchase homes to Columbus-based residents.
"This website has the ability to alter the way housing organizations and
real estate practitioner's work together to provide homes to low-income
homebuyers," says Michael Mahon, vice president of business development,
Coldwell Banker King Thompson. "With the CityLiving Network, we will be able
to help potential buyers from the first time they see a property on the
website all the way to the signing of the closing documents."
Listing homes that range from nearly $75,000 up to the mid-$100,000's, the
website and the companion call-in center are able to assist homebuyers who
traditionally may become disenfranchised by the difficult home purchasing
process or who may have special credit needs.
"Homeownership is one of the most significant indicators of economic
stability, particularly among low- and moderate-income families. World
Financial Network National Bank is pleased to support the CityLiving Network
as a new and innovative way of assisting potential homebuyers," said Dan
Groomes, president of the Bank.
CityLiving Network refers the potential home buyers to HUD certified
housing counseling agencies or can put a prospect in touch with a lender for
pre-approval. All the properties are built by community development
corporations and are three-to-four bedroom single family homes.
"Enterprise works with the community to create sound, housing solutions,"
says Phillip Downing, director of the Enterprise office in Columbus. "Working
through the CityLiving Network, we can really connect with homebuyers who may
be too shy or nervous with asking questions about the process with a
representative face-to-face. We commend all the partners for taking this
pioneering step with us."
About Coldwell Banker King Thompson and Coldwell Banker West Shell: Across
Ohio, Coldwell Banker King Thompson and Coldwell Banker West Shell have 25
offices and over 1600 sales associates serving central Ohio, greater
Cincinnati, northern Kentucky and southeastern Indiana. The companies are part
of NRT LLC, the nation's largest residential real estate brokerage company.
NRT, a subsidiary of Realogy Corporation, operates Realogy's company-owned
real estate brokerage offices. For more information, visit
www.kingthompson.com or www.cbws.com.
World Financial Network National Bank is a subsidiary of Alliance Data, a
leading provider of marketing, loyalty and transaction services. The Bank
issues private label and co-brand cards nationally.
Enterprise is a leading provider of the development capital and expertise
it takes to create decent, affordable homes and rebuild communities. For more
than 25 years, Enterprise has pioneered neighborhood solutions through public-
private partnerships with financial institutions, governments, community
organizations and others that share our vision. Enterprise has raised and
invested more than $9 billion in equity, grants and loans to help build or
preserve more than 240,000 affordable rental and for-sale homes to create
vital communities. Enterprise is currently investing in communities at a rate
of $1 billion a year. Visit www.enterprisecommunity.org and
www.enterprisecommunity.com to learn more about Enterprise's efforts to build
communities and opportunity.
SOURCE Enterprise Community Partners
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