Community Empower Announces
$40 Million Lease-Purchase Program
Innovative
Program Provides First Time Home Buyers With The Tools
To Improve Their Credit While Leasing The Home They Will Ultimately
Own
Dallas, TX - Community Empower's new
lease/purchase housing program will provide Texas families
$40,000,000 in new, single-family homes as an investor.
The program will be launched in the state of Texas initially.
These new homes will be leased to CE Network tenants with
an option to purchase, eighteen months later, by a simple
mortgage note assumption.
This unique and proprietary
financing program will be provided by funding from the U.S.
capital markets through Community Empower Property Acquisition
Company SPE (CEPAC), a Delaware Statuatory Trust.
This unique product line
provides for a multi-state, non-jurisdictionally constrained
operation; a product attribute not found in the current
tax-exempt municipal programs. Consequently, the CEPAC program
is far less costly to issue and available everywhere. Other
tax-exempt lease purchase programs have been issued through
various municipal authorities in the U.S., however the CEPAC
Program will be the first, capital markets program for a
lease purchase program ever offered. The program will be
the low cost provider and feature much shorter lease terms
than have been previously offered. This program will help
as many as 1,000 families achieve the dream of homeownership.
First time home buyers in Texas may apply
online.
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