1. Business from Mayor and Council1
>.. The City Redevelopment Agency
will assist in the purchase by reduc-
®
1Ong
Indio(nortgage
the price of the home or the
interest rate, and can also
buyersAid home
help pay the closing costs involved.
The Indio Redevelopment Agen-
INDIO -- Notices are in the mail
cy has entered,a program with the
that may mean a new house for
hard-working
Princess del Sol developers that
the homes to a
city residents in the
freezes the price of
new home community of Princess
range of. $89,900 to $115,500.
del Sol. City employees of Indio, La
Families earning between $21,150
Quinta and Coachella, law enforce-
to $50,000 a year are eligible to
ment agencies and hospital employ-
qualify for the assistance program.
ees have been notified that the city
is ready to help its
-, . Princess del Sol offers the choice
prospective resi-
dents enjoy the privileges
of ,four floor plans ranging in size
of home
ownership.
from 1,120 to 1,613 square feet.
Families currently renting are now
Buyers have the selection of three
and four bedroom homes with either
able to `buy a home with a total
move -in cost as low
two or three baths.
as $2, 700.
. The City of Indio's Redevelop-
Y Buyers purchasing through the
ment Agency stands ready to pay
city -sponsored program are offered
the remainder of the down
a"wide range of financing programs
payment
nd closing costs for qualified buy-
through Lya Stafford of ProFed
ers and the money does not have to
be
Mortgage.
repaid.
The on -site sales office is open
The program is open to buyers
who can afford a $2,700
Thurday through Monday, 10 a.m.-
5
down pay-
ment and monthly mortgage pay_
ments of
p.m.
I } Princess del Sol: Take Jefferson
approximately $650 per
Enonth, a good credit history
Street south to Avenue 48-and pro-
and an
ncome not exceedin 9 $50,000
ceed east to Arabia Street and the
year. a
entryway.
7 Information: 775-5430.