Affordable, High-Quality Buena Park 9 Homes Attracting Buyers

BUENA PARK, CA and NEWPORT BEACH, CA--(Marketwire - Mar 21, 2012) - RSI Development and The City of Buena Park announced today that five of the affordable, high quality and energy-efficient The New House Buena Park 9 homes are in escrow. Four additional homes are still for sale. The New House Buena Park 9 is the result of a unique public-private partnership between the City of Buena Park and RSI Development.

Located throughout Buena Park, the Craftsman style, single-family detached houses range from 1,585 to 1,968 square feet and consist of three and four bedroom floor plans. Each of the homes includes central air conditioning, custom kitchens with granite countertops, ENERGY STAR® appliances and beautiful exterior landscaping.

"Thanks to RSI Development's ability to build these homes in approximately eight weeks and the company's attention to cost-savings, the City of Buena Park is able to offer these homes at prices that meet stringent affordable housing requirements," said Scott Riordan, Project Manager with the City of Buena Park. "Four of the Buena Park 9 homes remain on the market and we encourage local families to submit an application to determine if they qualify for this program."

Because of the City of Buena Park's provision of land and RSI Development's application of its superb Precision Built Construction Process, these high-quality homes will be sold at prices $150,000 to $200,000 below other new homes nearby. The nine homes are being sold for $354,500 for the smaller three-bedroom models and $381,400 for the larger, four-bedroom models.

"RSI Development is focused on continually reducing the cost of building a home, which is in complete alignment with our mission to provide hard working families the opportunity to purchase high-quality, energy efficient and sustainable homes at affordable prices," said Eric VanDerHeyden, Executive Vice President of RSI Development. "The success of The New House Buena Park 9 program demonstrates how we work closely with cities and government agencies to extend homeownership opportunities to those who have previously been unable to realize the American Dream."

To learn more about The New House Buena Park 9, contact Erick Montano, Director of Sales, by visiting the project website www.RSIBuenaPark9.com. This site will inform prospective homeowners eligibility requirements and find the locations and neighborhood that are right for your family.

About RSI Development:
RSI Development was launched in 2008 to bring a new way of homebuilding to the industry. The company was founded by Ronald M. Simon with the vision that every hard working family deserves a high quality, safe, healthy, energy-efficient and sustainable home at an affordable price. The company is focused on stabilizing neighborhoods and improving market rate home value through a programmatic approach to updating the housing stock with high quality energy-efficient, code compliant new homes. RSI Development's objective is to save cost of every part of the building process and pass these savings through to the customer in the form of a substantially lower home price.