FIRST-TIME HOME BUYER PROGRAMS CONVERT RENTERS INTO HOMEOWNERS AT COMPTON’S WILLOW WALK

The City of Compton is at the forefront of helping those requiring assistance in attaining home ownership and actually offering generous home buyer assistance programs to make that dream a reality.

The city in partnership with Olson Homes’ Willow Walk, long time apartment renters finally have the opportunity to break away from their landlord and into a home of their own. Creating an oasis in this urban landscape is an Olson Company specialty. The stylish Compton community’s attractive price point and five different first-time buyer assistance programs are the reasons more and more renters are saying “goodbye” to renting and “hello” to home ownership.

With Willow Walk’s affordable home pricing starting at only $299,990, the community’s first-time buyer programs consist of 1) the City of Compton’s First-Time Homebuyers Program offering up to $100,000 in down payment assistance, 2) the CHDAP/HICAP Down Payment Assistance Program providing up to 7% of the purchase price, 3) the School Facility Grant giving up to $3,000 in assistance, 4) the Extra Credit Teacher Program offering up to $15,000 and 5) the government’s low down payment requirements established through CALHFA/FHA loans. These programs are allowing the dream of home ownership to become a reality for many people who deserved a new home but otherwise could never achieve it.

The programs are in effect through the remainder of 2008. Renters eager to take advantage of Willow Walk’s pricing and first-time buyer programs should visit the community today. Olson Homes has Sales Counselors that are trained to help match the right assistance program to the personal needs of the home buyer.

Renters who want to experience Willow Walk online can get a glimpse of this city-central, gated community through its virtual tour website at www.Willow-WalkHomes.com. From offering a bird’s eye view of the community, viewing and furnishing floorplans, to checking out pictures of model homes and taking a virtual ride on the Metrolink Blue Line for a city tour; this new tool gives renters an opportunity to experience a day in the life of a Willow Walk resident. Log on today, select the home of your choice with the furniture of your choosing, hop on the Blue Line, and click on all the points of interest that that make Los Angeles, Hollywood, and Long Beach the most exciting destinations in the Southland. This fun-filled new virtual tool helps home buyers understand how good (and convenient) living at Willow Walk can be!

Designed to blend seamlessly with the City of Compton’s vibrant new attitude, the gated community of Willow Walk presents 124 townhomes featuring 1,172 to 1,506 square feet, two to four bedrooms and two and one-half to four baths, plus an attached two-car garage…for an easy way of life that first-time buyers will appreciate. Many homes also include extra touches such as private porches and decks, in addition to designer appointments and state-of-the-art amenities.

There’s much more to calling Willow Walk home. A neighborhood park adds to the warm sense of community, providing the ideal place for afternoons of playtime or mingling with new neighbors. Those who are fortunate enough to make a home of their own here will live in a Compton that is better, newer and more dynamic. The city is actively bringing in much needed new shopping and entertainment into the area. Residents will have convenient access to a Metro Blue Line station next door to make commuting to work a breeze without ever getting into a car. Additionally, several new stores and restaurants will be located close to home. The city recently opened the Gateway Towne Center, a 500,000-square-foot mega-shopping center with a Target, Home Depot, Best Buy, Staples, Shoe Pavilion, 24 Hour Fitness, along with banks and other retail establishments situated only a few minutes from the community.

To experience this dynamic community online, visit www.Willow-WalkHomes.com, go to the Galleries page of the website and take a virtual tour today! For more information on Willow Walk, please contact the Sales Office at (310) 609-1373.

ABOUT THE OLSON COMPANY and OLSON HOMES

Willow Walk is built by the Olson Homes division of The Olson Comapny, California’s largest builder of urban and sustainable living communities. Headquartered in Seal Beach, California, Olson Homes continues to build stylish new homes in some of California’s most exciting neighborhoods. Since 1988, the company has brought the good life In Town, In Style and In Reach by revitalizing “in-town locations” with a variety of attainably priced homes. Olson Homes focuses on including live-work, transit-oriented developments, lofts, brownstones and homes with historic architecture. Olson Homes has constructed thousands of new homes during its twenty-year history, putting a convenient, comfortable and vibrant urban lifestyle within reach of millions of Californians. Its reputation is unsurpassed in working with cities to create new neighborhoods within established communities—which has earned the company many awards over the years, including America’s “Builder of the Year.” Further information about Olson Homes can be obtained online at www.OlsonHomes.com.