21st Equity Homes Unveils New Affordable Homes Trust Scheme

Las Vegas, Nevada - 21st November 2007. In keeping with one of the companys goals, 21^st Equity Homes, General Manager Steve Schurmann today proudly releases another creative finance solution. The background behind this solution is the largely untapped market for affordable homes, Government desire to built affordable homes, and the unfulfilled right of many people to have access to, and be able to, own their own home.

With property prices in most places world-wide spiralling ever higher, more and more people are finding it difficult to get onto the property ladder. With affordability stretched like never before for many families solutions need to be found that can put everyday low to middle income families back in touch with their dream of owning their own home.

How is this possible? 21^st Equity Homes have developed a new finance package which can help bolster communities and get people into their own homes, in some cases with no money down.

This is achieved through the establishment of a Community Development Trust in the required geographic area. Members are drawn from the local community and other interested parties, and partnered with 21^st Equity. 21^st Equity then offer lease to own finance solutions to people with regular income to build affordable homes whereby the cost of finance is going to be up to or equal to their current rental costs. In exchange for offering this solution, the payback for 21^st Equity is that the homes built are 21^st Equity homes, utilizing their cost effective POWERCONCRETE™technology. As an extra bonus, on larger projects whereby it becomes economically viable 21^st Equity Homes will set up (POWERCONCRETE™) manufacturing plants in the local area which provides employment to the local people and also speeds up the building process by reducing time lost on goods in transit.

This creates a simple win-win-win result. Government & communities win by getting people into their own homes, families win by being given an option to own their own home they would not otherwise be able to afford, and 21^st Equity Homes wins by gaining extra business that would not otherwise be available in the market. To put this scheme in perspective it is estimated that in the USA alone there are some 50 million people who can afford a home of around 130K at interest rates of 6-8%. That is a huge potential market and the tangible gains to communities by empowering that number of people with home ownership and associated jobs is a staggering proposition.

It is the intention of 21^st Equity Homes to approach well known personalities who already have an interest in impoverished areas to promote the scheme. Local governments in Africa and Europe have already been approached, to a positive reception. This work will be on-going as proposals are received and developed. 21^st Equity Homes is therefore looking forward to revolutionising the idea of home ownership for families and communities nationwide.

Further information regarding 21st Equitys Community Development Trusts can be found by clicking here.

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