Seal Beach, CA. – January 26, 2012 – Olson Homes, Southern California’s leading developer of in-town living, announces recently released affordable flats in its new, stylish Citrus Walk community, located in Covina’s quaint downtown area. Demand is anticipated to be high for these flats, one of few affordable options currently available in Southern California.
Olson is offering 8 of its 12 single level flats as moderate-income affordable housing units. With prices starting at $240,400, these flats are $70,000 and $80,000 below market rate for comparable homes of this size and spec level, and monthly payments will be comparable to rent in the area.
“As redevelopment agencies go through re-structuring and have limited access to funds, affordable housing will become increasingly rare,” said Scott Laurie, President of Olson Homes. “Olson Homes is proud to build communities that fill cities’ needs and help make dreams come true. These flats are an incredible opportunity for moderate income families that are renting now, looking for their next step.”
Positioned over the new Olson retail storefronts in Covina’s revitalized downtown, the 8 affordable flats offer up to 1,311 square feet, 2-3 bedrooms and offer single level living above a 2-car garage. The flats, built to exceed LEED green living standards, feature energy efficient amenities including Energy Star appliances; water efficient and lead-free faucets; highly water efficient toilets; auto shut-off motion sensors in all baths, space saving tankless water heaters, and built-in recycle bins, among many other features.
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to today’s homebuyer. The Olson Company has garnered prestigious Eliant Awards for homeowner satisfaction, including a recent overall win for Mosaic Walk, which was in first place from almost 900 nationwide home communities. The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to creating these communities, The Olson Company understands all that goes into buying a new home and provides ongoing tailored services to support the needs of its homeowners, including financial education and the exclusive Homeowner Champion Program.
For more information on the City of Covina’s affordable housing program, and how to apply and join the interest list, please visit CitrusWalk.com. To qualify, families need to have incomes in the moderate-income range, as determined by the California Department of Housing and Community Development (HCD).
About The Olson Company
Established in 1988, The Olson Company and the Olson Homes brand are nationally recognized for creating unique in-town neighborhoods in urban communities throughout California. Headquartered in Seal Beach, California, The Olson Company has successfully partnered with governmental agencies and private landowners to create innovative housing solutions designed to fulfill the lifestyle needs of today’s buyer.
Seal Beach, CA. – December 15, 2011 – Olson Homes, Southern California’s leading developer of in-town living, has created an innovative online home design studio, making design decisions “simple and fun” for today’s homeowner and homebuyer.
The Olson Style Studio, powered by Studio Chateau, offers the homebuyer immediate and easy access to pick and choose the features and options for structure, design, and other elements that are available for their new home once escrow is closed. The Studio provides an important step in envisioning and planning what the new home will look like; a user can view community information, look through a detailed catalogue of available options, and create a wish list of amenities.
Each of Olson Homes’ community sites is carefully selected for the availability of amenities and proximity to entertainment and culture. Now, Olson homeowners and homebuyers can view all of the restaurants, landmarks, and offerings in their community, complete with comprehensive descriptions.
In addition, each community has an interactive floor plan and offers a tour of the model homes, as well as an “i-postcard” feature that enables a user to send their new home or home they are wishing for directly to a friend, letting them know about the community they have just visited or are moving into. All features are easily accessible through the Olson Homes homepage, as well as the individual community sites, which also offer local news and events to continue to connect Olson homebuyers with their local communities.
“Customer satisfaction is a cornerstone value to Olson Homes, and through these online experiences we endeavor to provide our homebuyers and potential homebuyers with the easiest and most comprehensive way for them to choose the features in their house, helping to ensure it truly is their dream home,” said Steve Olson, Chairman/CEO of The Olson Company.
The Style Studio features include:
Comprehensive community information to welcome a potential homebuyer
A complete selection of home options, with detailed choices for everything within the home, from structural, electrical, plumbing and appliances, to countertops, closets, cabinets and doors.
A “Design it Yourself” feature that lets one create a placement diagram, allowing for simple “drag and drop” placement of design and options onto a floor plan.
A simple order form that offers easy access to pricing and subtotals.
A wish list for placing options to think about and review later.
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to today’s homebuyer. The Olson Company has garnered prestigious Eliant Awards for homeowner satisfaction, including a recent overall win for Mosaic Walk, which was in first place from almost 900 nationwide home communities. The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to creating these communities, The Olson Company understands all that goes into buying a new home and provides ongoing tailored services to support the needs of its homeowners, including financial education and the exclusive Homeowner Champion Program.
There are still homes available in Olson Homes’ newest community in Covina, Citrus Walk. The Citrus Walk sales center is located at 158 Italia Street Covina, CA 91723. To learn more about Citrus Walk, the Olson Company online tools, and how you can own new now, please visit CitrusWalk.com.
About The Olson Company
Established in 1988, The Olson Company and the Olson Homes brand are nationally recognized for creating unique in-town neighborhoods in urban communities throughout California. Headquartered in Seal Beach, California, The Olson Company has successfully partnered with governmental agencies and private landowners to create innovative housing solutions designed to fulfill the lifestyle needs of today’s buyer.
Seal Beach, CA. – December 6, 2011 – Olson Homes reports an increase in sales as home builder confidence rises, according to the National Association of Home Builders (NAHB)/Wells Fargo housing market survey. The (NAHB)/Wells Fargo housing market index rose by four points to 18 – the biggest one-month gain since April 2010.
Derived from a monthly survey that NAHB conducts, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.”
Olson Homes has experienced a positive uptick over the last month as well: the highly popular and recently award-winning community Mosaic Walk (Garden Grove) has closed or is in escrow on all but 5 homes in the community; Rio Walk (Montebello) has 3 unsold units, Willow Walk (Compton) is 100% sold out, and Heritage Walk (Fullerton) is entirely sold out as well.
There are still homes available in Olson Homes’ newest community, Citrus Walk, and Olson Homes will be opening 8 new communities in 2012.
Citrus Walk is The Olson Company’s fifth new urban living residential development in the Covina area. The Citrus Walk community offers 37 townhomes and 8,000 square feet of new retail space along downtown Covina’s Citrus Avenue, with 12 flats over the new retail storefronts. The townhomes, each with approximately 1,610 square feet and three stories, have 3 bedrooms, 2 baths and 1-2 powder rooms, and 2-car garages.
The homes, built to exceed LEED green living standards, feature energy efficient amenities including Energy Star appliances; water efficient and lead-free faucets; highly water efficient toilets; auto shut-off motion sensors in all baths, space saving tank-less water heaters, and built-in recycle bins, among many other features.
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to making the homebuyer top priority. The Olson Company has garnered prestigious Eliant Awards for homeowner satisfaction, including a recent overall win for Mosaic Walk, which was in first place from almost 900 nationwide home communities. The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to creating these communities, The Olson Company understands all that goes into buying a new home and provides ongoing tailored services to support the needs of its homeowners, including financial education and the exclusive Homeowner Champion Program.
The Citrus Walk sales center is located at 158 Italia Street, Covina, CA 91723. To learn more about Citrus Walk and how you can go take advantage of this opportunity to own new now, please visit CitrusWalk.com.
About The Olson Company
Established in 1988, The Olson Company and the Olson Homes brand are nationally recognized for creating unique in-town neighborhoods in urban communities throughout California. Headquartered in Seal Beach, California, The Olson Company has successfully partnered with governmental agencies and private landowners to create innovative housing solutions designed to fulfill the lifestyle needs of today’s buyer.
Montebello, CA. – November 3, 2011- The Olson Company announces a 48-hour sale at its premier Rio Walk community near downtown Montebello. On Saturday and Sunday, November 4-5, the Sales Center, located at 947 S. Bluff Road, Montebello, CA 90640, will be open from 10am to 6pm. Visitors can take advantage of incredible deals including up to $20,000 off of new townhomes loaded with modern features and community amenities, located just 8 miles from downtown Los Angeles.
The Rio Walk townhomes have up to 1,774 sq. ft. and up to 4 bedrooms, from the high $200s with a 3% broker co-op. The LEED-certified homes offer several green and stylish design features, as well as extensive personalization options, to make your home truly your own.
“The Rio Walk homes are an exciting opportunity to live close to the heart of the new downtown LA at an affordable price,” said Scott Laurie, COO of The Olson Company. “We are excited to offer this weekend sale to assist buyers in realizing their dream of home ownership.”
Rio Walk is conveniently located near Los Angeles hotspots: stimulating nightlife, boutique shopping, entertainment, culture, museums and more. The community features panoramic mountain views and pretty, tree-lined streets with bike trails — just the hometown feel you’ve always dreamed about. Put it altogether and it’s Montebello charm with an L.A. vibe — the ultimate combination for today’s busy lifestyles.
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to making the homebuyer top priority. The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to creating these communities, The Olson Company understands all that goes into buying a new home and provides ongoing tailored services to support the needs of its homeowners, including financial education and the exclusive Homeowner Champion Program. Additional communities now selling include Mosaic Walk (Garden Grove), Heritage Walk (Paramount), Willow Walk (Compton) and Citrus Walk (Covina).
The Rio Walk Sales Center is located at 947 S. Bluff Road, Montebello, CA 90640. For more information about Rio Walk, please visit riowalkhomes.com or call 323-720-9112.
About The Olson Company
Established in 1988, The Olson Company and the Olson Homes brand are nationally recognized for creating unique in-town neighborhoods in urban communities throughout California. Headquartered in Seal Beach, California, The Olson Company has successfully partnered with governmental agencies and private landowners to create innovative housing solutions designed to fulfill the lifestyle needs of today’s buyer.
Paramount, CA (PRWEB) September 15, 2011 – Heritage Walk in Paramount announced today that they are releasing two affordable units priced below market value. The affordable pricing is being offered through City of Paramount’s Affordable Program. Heritage Walk is a new home community of 17 single family homes currently under construction in Paramount by The Olson Company. The community is being built to provide affordable and market rate, LEED Certified, Spanish architectural homes to the residents of Paramount. Heritage Walk offers homebuyers 3 bedrooms, 2.5 baths, attached 2-car garages, private rear yards, and square footage from1,302 s.f.
The affordable pricing is based on a below market rate sales price of $234,990. Income and other restrictions apply. Buyers must qualify for the Affordable Housing Program through the City of Paramount. Homebuyers can learn more about the program by visiting Heritage Walk. Sales Counselors at Heritage Walk have been busy assisting potential homeowners on how to apply for the program. Home shoppers are encouraged to apply in person or visit the heritagewalkparamount.com website for complete details. To get the monthly payment of $1,775*, Heritage Walk is using an interest rate of 4.250%, with an APR 5.105%, and requires a total down payment due at the close of escrow of $8,260. The $1,775 monthly payment Includes principle, interest, taxes, insurance, and HOA fees. Certain income restrictions apply.
Heritage Walk’s cozy tree-lined neighborhood captures the city’s small-town feel and appeals to a variety of lifestyles and families seeking the right mix of extra space and privacy. As a gateway to Los Angeles County, Heritage Walk is conveniently located near four major freeways, the Los Angeles International Airport, the ports of Long Beach and Los Angeles and provides easy access to both downtown Los Angeles and Orange County. The community is ideally located just minutes from the area’s most exciting restaurants, nightlife, shopping, recreation, and entertainment.
Heritage Walk’s new home prices start in the mid $200’s. Heritage Walk is located at 15542 Orange Street, Paramount, CA 90723. To learn more about Heritage Walk visit HeritageWalkParamount.com
About The Olson Company – Founded in 1988, The Olson Company is California’s leading developer of innovative and affordable in-town communities in established neighborhoods. The Olson Company creates uniquely designed communities which redevelop and enhance neighborhoods utilizing transit-oriented developments, live/work, mixed use developments, brownstones, single family attached and detached homes in partnerships with cities and other agencies.
Headquartered in Southern California with communities throughout the state, Olson is a recipient of America’s “Builder of the Year.” Further information about Olson Homes can be obtained online at OlsonHomes.com.
Newlyweds and young professionals wanting to live the American Dream of being a homeowner in these challenging economic times should look no further than Heritage Walk Paramount. The Olson Company is offering special incentives to first time buyers – only two affordable housing cost units are left in this cozy tree-lined neighborhood.
Heritage Walk is a new home community of 17 single family residences in Paramount that captures the city’s small-town feel and appeals to a variety of lifestyles and families seeking the right mix of extra space and privacy. Heritage Walk is conveniently located near four major freeways, the Los Angeles International Airport, the ports of Long Beach and Los Angeles and provides easy access to both downtown Los Angeles and Orange County. The community is ideally located just minutes from the area’s most exciting restaurants, nightlife, shopping, recreation, and entertainment.
The two “affordable housing cost” units currently available are priced at $234,990; compared to the market rate homes at $290,000 – $310,000. Located on a cul-de-sac, both of these Spanish architectural units are LEED certified and offer 3 bedrooms, 2.5 baths, 1,302 sq. ft.
Applicants must be first time home buyers, by virtue of not owning a residence within the last three years. Buyers can purchase with FHA financing with as low as 3.5% down. Income restrictions and deed restrictions apply. Buyers must qualify for the program through Bank of America and the City of Paramount.
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to the homebuyer as top priority. With its notable homeowner satisfaction, The Olson Company has garnered prestigious Eliant Awards in six categories, including a number one ranking for the “Design Selection” experience, and second for delivering an incredible experience during the Purchase, Construction, and Customer Service phases, and ranked second for “Overall Quality” and “Sales from Referrals.” Further information about Olson Homes, including the Heritage Walk Paramount and Citrus Walk Covina properties, can be obtained online at Olsonhomes.com.
Heritage Walk Paramount | Model Grand Opening May 14th
Covina, CA – May 04, 2011 – Homebuyers can now get their first look at Heritage Walk’s new homes in Paramount. The Heritage Walk Model Grand Opening Event takes place on Saturday, May 14th. The Country Fair event festivities promise music, food, and fun for the whole family starting at 11:00AM with events through 3:00PM.
Heritage Walk is a new home community of 17 single family homes to be constructed in Paramount by The Olson Company. The community is being built to provide affordable and market rate, LEED Certified, Spanish architectural homes to the residents of Paramount. Heritage Walk will offer 3 bedrooms, 2.5 baths, attached 2-car garages, private rear yards, and all plans have 1,302 sq. ft. of living space.
Heritage Walk’s cozy tree-lined neighborhood captures the city’s small-town feel and appeals to a variety of lifestyles and families seeking the right mix of extra space and privacy. As a gateway to Los Angeles County, Heritage Walk is conveniently located near four major freeways, the Los Angeles International Airport, the ports of Long Beach and Los Angeles and provides easy access to both downtown Los Angeles and Orange County. The community is ideally located just minutes from the area’s most exciting restaurants, nightlife, shopping, recreation, and entertainment.
Heritage Walk is where life is paramount.
New home prices are set from the high $200,000’s. Heritage Walk is located at 15542 Orange Street, Paramount, CA 90723. To learn more about Heritage Walk visit HeritageWalkParamount.com.
About The Olson Company – Founded in 1988, The Olson Company is California’s leading developer of innovative and affordable in-town communities in established neighborhoods. The Olson Company creates uniquely designed communities which redevelop and enhance neighborhoods utilizing transit-oriented developments, live/work, mixed use developments, brownstones, single family attached and detached homes in partnerships with cities and other agencies.
Headquartered in Southern California with communities throughout the state, Olson is a recipient of America’s “Builder of the Year.” Further information about Olson Homes can be obtained online at Olsonhomes.com.
Sales Center Now Open, Marking First Milestone for New Community; Development to Offer Affordable, LEED Certified Townhomes and Flats for First-Time Homebuyers
COVINA, CA. – April 26, 2011 – The Olson Company, the leading developer of in-town urban living, is kicking off its newest residential community, Citrus Walk, with the opening of its sales center. Located in the heart of downtown Covina, Citrus Walk will offer affordable, LEED Certified homes that give residents and first time home buyers the opportunity to purchase innovatively designed homes that suit their active, urban lifestyles and their budgets.
The sales center will celebrate its opening with a local community event on Saturday, April 30 from 11am until 2pm. The opening festivities will include delicious dishes from the popular local restaurant, Taste of Texas, and great giveaways for attendees including iPads, gift cards and more. The popular radio station home to Ryan Seacrest, KIIS FM, will also be hosting “Manny on the Street” at the center from 3pm-5pm.
Citrus Walk is The Olson Company’s fifth new urban living residential development in the Covina area. The Citrus Walk community will offer 37 townhomes, 8,000 square feet of new retail along downtown Covina’s Citrus Avenue. Citrus Walk will offer 12 flats over the new retail storefronts. The townhomes will be 2-3 bedrooms, 2.5 baths, 2-car garages.
“The new Citrus Walk community embraces innovative architecture, the latest in ‘green’ home design and will integrate a new and refreshing urban lifestyle element to Covina’s downtown,” said Steve Olson, Chairman/CEO of The Olson Company. “As the fifth new home development here in the Covina area, The Olson Company is honored to be able to contribute a tailored development that will embrace the best of the area and also help it continue to thrive. We have worked with the City of Covina for many years now, and are thrilled to be kicking off this latest project in partnership with them.”
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to the homebuyer as top priority. With its notable homeowner satisfaction, The Olson Company has garnered prestigious Eliant Awards in six categories in 2010, including a number one ranking for the “Design Selection” experience, and second for delivering an incredible experience during the Purchase, Construction, and Customer Service phases, and ranked second for “Overall Quality” and “Sales from Referrals.” The Olson Company believes in “livability”, and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to providing these communities, The Olson Company understands all that goes into buying a new home and provides tailored services to support the needs of homebuyers, such as financial education and continued support services.
Citrus Walk is located at 158 Clementine Court Covina, CA 91723. To learn more about Citrus Walk visit CitrusWalk.com.
About The Olson Company
Established in 1988, The Olson Company and the Olson Homes brand are nationally recognized for creating unique in-town neighborhoods in urban communities throughout California. Headquartered in Seal Beach, Calif., The Olson Company has successfully partnered with governmental agencies and private landowners to create innovative housing solutions designed to fulfill the lifestyle needs of today’s buyer. The company works diligently with community and neighborhood groups to build a high level of awareness and broad-range community consensus around its neighborhoods. The Olson Company was awarded the prestigious “Builder of the Year” award by Professional Builder Magazine and the National Association of Home Builders.
Seal Beach, CA (Vocus/PRWEB) April 13, 2011 – It happens this time every year. Thousands of landlords across the southland send notification to their tenants that an increase of up to 10% will be added to their current monthly payment for rent. While a common reaction will be to just bite the bullet and renew at the higher payment, many smart homebuyers are weighing the option of making a home purchase instead. For those individuals, Olson Homes is offering 6 new home communities with payments comparable to what the landlord wants for rent. Michelle Johnson VP of Sales and Marketing for the Olson Company points out “With landlords raising rents again, many renters are considering home ownership as a way to control costs”
“But looking for a great loan just got a bit harder” said Michelle Johnson remarking on the recent FHA move. “One of the best loan programs out there today is from FHA, which allows buyers to purchase a home with only 3.5% down combined with flexible guidelines. However, with two critical FHA guidelines about to change, securing these loans will become increasingly difficult. Financial institutions are urging homebuyers who plan to take advantage of FHA financing to lock in their purchases now before the changes take effect later this month. This is why Olson Homes is trying to educate buyers on the value of home ownership over renting.” Michelle also points out that Olson Homes understands what today’s young buyer is looking for and builds communities based on today’s lifestyle values.
Adding to the challenge is a second change the FHA will be rolling out this month. “The FHA is severely limiting the number of loans they will allow in a condominium community to only 30%, which means the FHA is anticipating that they will be running out of loans before the summer even begins” says Ruby Johnson, VP of DRE/Escrow for Olson Homes. “With only a finite number of cases available many home shoppers will have to go with higher cost conventional financing. When the money runs out, most buyers will need to put 10%-20% down for conventional financing.” In this economy, that may put potential homeowners out of the market and right back into the rental market. The choices are either pay the rent increase or move again in search of an affordable alternative.
Many worry that with interest rates set to rise, with that in mind, they are moving forward with a home purchase now rather than wait. This way they are locking in an interest rate below 5%, making their monthly payments comparable to what they were paying in rent.
With 6 great new home communities located throughout Southern California, Olson Homes has a new home community perfect for young urban lifestyles designed to help kick the rental habit.
Olson Homes is currently helping new homebuyers fire their landlords with the following communities: Mosaic Walk in Garden Grove, from the low $300,000′s, Rio Walk in Montebello, California priced from the 290,000′s, Willow Walk in Compton, California priced from the mid $200,000′s, Sycamore Walk in Garden Grove, California priced from the mid $400,000’s, Citrus Walk in Covina, California now forming an interest list with new townhomes and flats from the mid $300,000′s, and Heritage Walk in Paramount, California offering new single family detached homes from the high $200,000′s.
To learn more about these Olson Homes communities, visit OlsonHomes.com/smartbuy.
COVINA, CA. (PRWEB) March 11, 2011 – Groundbreaking ceremonies are set to take center stage this week at Olson Home’s Citrus Walk in Covina. Citrus Walk is a new home community to be constructed in the heart of Downtown Covina by The Olson Company. The community is being built in partnership with the Covina Redevelopment Agency to provide affordable, and market rate, LEED Certified homes to the residents of Covina. The community will offer 37 townhomes, 8,000 SF of new retail along Downtown Covina’s Citrus Avenue. Citrus Walk will also offer 12 flats over the new retail storefronts. Citrus Walk will offer 2-3 bedrooms, 2.5 baths, 2-car garages, and square footage ranging from 1,262 s.f. – 1,744 s.f.
Attendee’s expected to be on hand for the event include City Council Members and the Covina Redevelopment Agency Board. In attendance will be Honorable Mayor Peggy Delach, Honorable Mayor Pro Tem John King, Honorable Council Member Walter Allen III, Honorable Council Member Kevin Stapleton, Honorable Council Member Bob Low, and Daryl Parrish, City Manager. Also attending are Covina City Staff Members Robert Neiuber, Deputy Executive Director, Covina Redevelopment Agency, and Lisa Brancheau, Redevelopment Manager, Covina Redevelopment Agency. Elected Officials will be present for the golden shovel ceremony include Senator Edward Hernandez and Assemblyman Roger Hernandez.
Steve Olson, Chairman/CEO of The Olson Company will be presenting awards to the Covina Redevelopment Agency. Eric E. Everhart, Vice President of Development at The Olson Company praises the Covina Redevelopment agency in bringing the project to the historic downtown said “Citrus Walk incorporates inspired architecture and innovative design to capture the history, passion, and heart of the wonderful City of Covina. Without the inspired leadership of Covina’s City Council, Planning Commission and dedicated City Staff, this new development would have never been possible. Citrus Walk will bring the ultimate in true in-town living to Covina’s downtown.”
New home prices at Citrus Walk are expected to start in the mid $300’s. Citrus Walk is located at 158 Clementine Court Covina, CA 91723. To learn more about Citrus Walk visit CitrusWalk.com.
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