COMMUTER BONUS NEW HOMES FEATURE TRAIN SERVICE.Byline: Bhavna Mistry Staff Writer SYLMAR - The new homes in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. were selling for as little as $213,000, but the hottest selling point selling point n. An aspect of a product or service that is stressed in advertising or marketing. Noun 1. selling point - a characteristic of something that is up for sale that makes it attractive to potential customers Saturday was the nearby train station and the 18-minute commute to downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . ``Our efforts are directed toward commuters who work in the San Fernando Valley, Burbank, Pasadena, Glendale and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. who desire an affordable, new single-family home and are seeking an alternative to traffic-congested freeways,'' said Henry Cisneros, former Housing and Urban Development secretary who is now chief executive officer of American CityVista. ``We want this concept to be repeated over and over again,'' Cisneros said. The Montage at Village Green is being built by private and public partners, including American CityVista and Montage Development, to increase the availability of affordable homes and promote public transit. Located near Hubbard Street Hubbard Street is a road in Chicago, Illinois named for early settler Gurdon Saltonstall Hubbard. Where Hubbard Street passes over the Kennedy Expressway, the Expressway enters a tunnel made up of surface streets known as colloquially as "Hubbard's Cave. and San Fernando Road San Fernando Road is a major street in the city and county of Los Angeles. It starts off in Castaic as The Old Road, passing through Santa Clarita and the Newhall Pass, where upon its intersection with Sierra Highway near the junction of the Golden State (I-5) and the , the development includes 109 houses that boasts up to 1,900 square feet of space and four or five bedrooms. The two-story homes range from $213,000 to $237,000 and are built a stone's throw stone's throw n. A short distance. stone's throw Noun a short distance Noun 1. away from the Sylmar-San Fernando Train Depot. ``Montage at Village Green offers a rare opportunity to live in a well- maintained, private community, ideally located close to major employment centers, the Valley's recreational facilities, shopping centers, and cultural and education institutions,'' said Stephen Ross Stephen Ross may refer to:
On Saturday, Cisneros, Ross and other dignitaries attended a festival and ribbon-cutting ceremony before prospective homebuyers began looking at model homes. ``These are affordable to the people who live in this area,'' said Barbara Zeidman, director of Los Angeles Partnership Office for Fannie Mae Fannie Mae: see Federal National Mortgage Association. . ``There is no income limit - no magic door to buy these homes,'' Zeidman said. Some families will qualify for no down payment, the developers said. Project partners include Metrolink and Fannie Mae and mortgage company Troxler and Associates. A Metrolink spokesman said the partnership is the first between a transit operator and a mortgage company for transit-oriented development. ``This is the future of Los Angeles,'' said Stephen Lantz, director of strategic development and communications for the Metrolink-Southern California Commuter Rail System. ``You can buy a dream house at an affordable price - when we can provide you a dream commute, when you can get a dream loan, and we can get you as part of our dream family.'' ``Why would you buy a car?'' Lantz added. ``Isn't it better to invest in a home?'' The idea of tying transit and housing came from newly elected Los Angeles City Attorney The Los Angeles City Attorney is an elected official whose job is to prosecute all of the misdemeanor criminal offenses within the city of Los Angeles, California, United States. Rocky Delgadillo, who first announced his Genesis Initiative in March 1999. ``We want people to move out of their cars and into their communities,'' Delgadillo said. ``It just makes common sense.'' Cisneros, who formed American CityVista in association with KB Homes, has built similar communities - with different themes - in Texas and Arizona and has plans to expand throughout the United States. ``Our concept is villages within the city,'' Cisneros said. ``Everyone of our communities provides a good reason why people want to come there.'' While this project deals with transit, Cisneros said that other housing developments have evolved around the themes of scenery and proximity to educational centers. CAPTION(S): photo Photo: State Sen. Richard Alarcon, D-Van Nuys, takes his turn at the podium Saturday launching sale of new Valley homes starting at $213,000 with an 18-minute train ride downtown. Joe Binoya/Special to the Daily News |
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