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Olson Homes Accepting Applications for New Affordable Housing in Carson, CA

July 10th, 2012

Carson, CA. – July 9, 2012, –Olson Homes, the leading developer of in-town urban living, announces that they are now accepting applications for the brand new housing community in Carson. The planned community of “Magnolia Walk,” features 12 single-family detached homes at the intersection of East Carson St. and South Bataan Ave., and is slated for completion in December 2012. As affordable housing options become increasingly rare in Southern California, the 12 homes at “Magnolia Walk” will provide an opportunity for qualified buyers, who meet strict income guidelines and specific eligibility requirements for the city sponsored program. Additionally, families who either live or work in the city of Carson will be given priority on the interest list until August 7, 2012.

The new gated community will offer Spanish-style homes, starting at $238,264, featuring two floor plan options, with 3 bedrooms, 2.5 bathrooms, 2 car attached garages, and up to 1,266 square feet of living space. “Magnolia Walk” also has a park area and a greenbelt for active lifestyles, and is located close to retail, recreation, and many job centers in the Long Beach and downtown Los Angeles areas.

As the city of Carson continues to grow, this community will be in a prime location near the city’s amenities, including parks, shopping and restaurants. “Magnolia Walk” offers a great opportunity for first time homebuyers to own their own home with a monthly mortgage payment comparable to a rent payment. “This is another great opportunity for Olson Homes to deliver innovative homes and outstanding service in one of Southern California’s most desirable City’s”, said Scott Laurie, President and COO of The Olson Company. “Magnolia Walk will be our second community to open this year in the City of Carson and we are excited about the opportunity to deliver affordable homes to 12 new homebuyers”.

“Magnolia Walk”, built to exceed LEED green living standards (A measure of sustainability), will feature energy efficient amenities such as Energy Star appliances; water efficient and lead-free faucets; low E glass windows; 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.

“Magnolia Walk” is located close to many existing Carson amenities, including Dominguez Park and Aquatic Center, The Home Depot Center, South Bay Pavilion, IKEA and the recently opened state of the art Rancho Dominguez Preparatory School.

Olson Homes’ numerous successful urban living communities, built across Southern California over the last 24 years, reflect its commitment to creating “livability” for today’s homebuyer. As part of Olson’s unique approach to creating these communities, The Company provides ongoing tailored services to support the needs of its homeowners, including financial education and the exclusive Homeowner Champion Program. The Olson Company has also garnered several prestigious Eliant Awards for homeowner satisfaction, including its 2012 win for Best Overall Customer Experience.

For more information on the Magnolia Walk affordable housing program, and how to apply and join the interest list, please visit www.MagnoliaWalk.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. www.olsonhomes.com

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