Real Estate Central

COLUMBUS, Ohio, May 16 /PRNewswire/ — With more than 100 million
websites on the Internet and hundreds of new ones launching every day,
central Ohio has the unique advantage of hosting a brand new site designed
to help Columbus-based families find affordable homes. Demonstrated today
at the Columbus Board of Realtors, 2700 Airport Drive in Columbus, at 10:00
a.m., the CityLiving Network is an on-line collaborative offering a
one-”click” resource that lists properties, educates the consumer and
offers credit and homebuyer counseling for those looking to purchase their
piece of the American real estate dream.

“We believe the CityLiving Network is a valuable 21st Century resource
to meet a pertinent need in our community,” says Boyce Stafford III,
director of the department of development, city of Columbus. “These
services will allow for greater synergy between the city’s nonprofit
developers, families in-need looking for homes and the real estate
professionals who are in our neighborhoods every day.”

A public-private partnership with Coldwell Banker King Thompson and
operated by Enterprise Community Partners in Columbus, the CityLiving
Network connects real estate professionals, lenders and the city of
Columbus with non- profit developers and housing-support agencies to
provide available for- purchase homes to Columbus-based residents.

“This website has the ability to alter the way housing organizations
and real estate practitioner’s work together to provide homes to low-income
homebuyers,” says Michael Mahon, vice president of business development,
Coldwell Banker King Thompson. “With the CityLiving Network, we will be
able to help potential buyers from the first time they see a property on
the website all the way to the signing of the closing documents.”

Listing homes that range from nearly $75,000 up to the mid-$100,000’s,
the website and the companion call-in center are able to assist homebuyers
who traditionally may become disenfranchised by the difficult home
purchasing process or who may have special credit needs.

“Homeownership is one of the most significant indicators of economic
stability, particularly among low- and moderate-income families. World
Financial Network National Bank is pleased to support the CityLiving
Network as a new and innovative way of assisting potential homebuyers,”
said Dan Groomes, president of the Bank.

CityLiving Network refers the potential home buyers to HUD certified
housing counseling agencies or can put a prospect in touch with a lender
for pre-approval. All the properties are built by community development
corporations and are three-to-four bedroom single family homes.

“Enterprise works with the community to create sound, housing
solutions,” says Phillip Downing, director of the Enterprise office in
Columbus. “Working through the CityLiving Network, we can really connect
with homebuyers who may be too shy or nervous with asking questions about
the process with a representative face-to-face. We commend all the partners
for taking this pioneering step with us.”

About Coldwell Banker King Thompson and Coldwell Banker West Shell:
Across Ohio, Coldwell Banker King Thompson and Coldwell Banker West Shell
have 25 offices and over 1600 sales associates serving central Ohio,
greater Cincinnati, northern Kentucky and southeastern Indiana. The
companies are part of NRT LLC, the nation’s largest residential real estate
brokerage company. NRT, a subsidiary of Realogy Corporation, operates
Realogy’s company-owned real estate brokerage offices. For more
information, visit http://www.kingthompson.com or http://www.cbws.com.

World Financial Network National Bank is a subsidiary of Alliance Data,
a leading provider of marketing, loyalty and transaction services. The Bank
issues private label and co-brand cards nationally.

Enterprise is a leading provider of the development capital and
expertise it takes to create decent, affordable homes and rebuild
communities. For more than 25 years, Enterprise has pioneered neighborhood
solutions through public- private partnerships with financial institutions,
governments, community organizations and others that share our vision.
Enterprise has raised and invested more than $9 billion in equity, grants
and loans to help build or preserve more than 240,000 affordable rental and
for-sale homes to create vital communities. Enterprise is currently
investing in communities at a rate of $1 billion a year. Visit
http://www.enterprisecommunity.org and http://www.enterprisecommunity.com to learn more
about Enterprise’s efforts to build communities and opportunity.



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Source: Real Estate Newswire