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11 97 17;:i3 FA\ 72T> 3327Busiivtss KWS ENCINKKKINC122On a Mission fi om page 1 20 <br />Qool' <br />Sfir:wn--'Fv./.:.: . <br />mmmm <br />^rz ^' :3 & ' ■]• inI. ii¥(iHq^ 4r <br />T1i€ lais^ Httnteiyrood Vilag^ havt (oiff bedrooms and <br />two and a had baths. <br />Hunterwood <br />Village <br />Huibton <br />1 ‘I3 singU-family homes <br />Size: 1,121 to 2.10S siju.irc feet <br />Price;S6^.90nioSvS,WU <br />Affordability component: <br />Qiulifial house buyers receive <br />tmaiuing .rssiswnce through the <br />Homes Fur Houston prujiraiii. <br />Builder. Simon Homes <br />r4«» I IIA ^ <br />.*1 |7 « I' * <br />T <br />Sit. •Mui <br />Simon Homes acnuireJ I hmtei- <br />wood Village to purtieipste in Homes <br />for Houston. Hunterwood Vill;igc wun <br />outside the city liMil's iind faced such 'j „ ' l <br />henvy taxes to build iiid supply inumei- g <br />pal services tliat dcvclopiiicni l» ul i * <br />come to a halt Simon I lomes bought <br />the laiul Milijcct to .uiiHN.Uion by tire <br />city of I bniNlou, and wbeu the bud <br />ssas .mnexed in J.im.avy 1W7, Simon <br />I lomes st.irtcil luiildiiu;. <br />The one- and iwo-story bouses <br />feature three or four bedrooms, txvo <br />or two and a half liaihs, .uui two-ear <br />aUached gar.igcs. The houses la.ivc <br />brick and I lardiplank exteriors. <br />Through tire middle of the summer. <br />Simon had sold 1" hou.scs .uid ex|M-«s <br />to sell out the projett by the end ot <br />1998. <br />Homes for l louston proxidcs Cjuali- <br />ficd buyers xviilr closing assistance. <br />Buyers xx'iih an income ot or less <br />of the median income receive $9,500 as <br />an interest-fice, soft second mortgage; <br />ifdiey stay in lire house for live ye.ars, <br />the mortgage is bargiven. Buyers with <br />80% to 100% of the meilian income <br />receive Sx.OOO. Adtlituanally. Homes <br />for Houston provides counseling and <br />education lor these buyers, many of <br />whom arc the first homeowners in <br />tlieir families. ► See page ! <br />Fuse Floor <br />nr nr "Tiili 2 uf building or <br />% / rrnuvnting 25,000 attord- <br />V V able houses b) 2000, Homes <br />lor HoiJafon has been a |>riucrful force <br />in ihc area since ils mcepiion in Feb­ <br />ruary Several duicn builders par- <br />licipaie in the program, which provides <br />closing assistance of up to Sy,5U0 lor <br />«]ualiheJ buyers in new lu^mc develop ­ <br />ments within till* city of I louston. <br />s <br />NOVEMBER 1997 BUIIOKB <br />■ ■— ..r.f*; r.f,•»,v.