US House Officials Weigh THE AFFORDABLE HOMES GROUP (GRHI) Model
July 08 2009 - 8:42AM
Marketwired
THE AFFORDABLE HOMES GROUP (TAHG) (PINKSHEETS: GRHI) officials met
with US Congressional representatives recently in Washington DC to
introduce a proposed low to moderate income housing construction
and job development project for rural America. Company officials
recommended the adoption of the project as a Pilot Model for the
Nation to demonstrate its potential for immediately triggering
construction activity in a targeted 12-state region where the
demands for new homes and the need for jobs creation is evident.
TAHG targeted states would represent 25% of the Nation.
The proposal, if accepted, would be a catalyst to the stimulus
packages adopted by the US Government. In addition to providing
flexible underwriting as a Pilot Program, the TAHG program creates
150,000 houses for sale or as rentals to low to moderate income
families. In 6-12 months, the rentals would be converted to
mortgaged properties in many distressed rural American communities.
The four-year project would create at least 500,000 new
construction jobs and would stabilize rural communities and their
states with businesses that would assist states dealing with
declining revenue base.
With mounting concerns in Washington that stimulus legislation
is moving slowly in job creation, officials were intrigued by the
"shovel ready" nature of the TAHG construction project. Its focus
is to include the Gulf region of the country, Mississippi,
Louisiana and Texas, where hurricanes' scars remain in the form of
displaced homes and Midwestern state regions, which annually
experience cyclical tornado weather patterns.
The potential for job creation was a particularly captivating
feature for the elected officials as the Nation's unemployment
ranks recently climbed to 9.5% in the last quarter and triggered
intensified concerns about existing Stimulus Initiatives that have
received funding thus far.
Subsequent discussions point to the possibility of a positive
federal response to TAHG within the next 45 days, as 2009 last
quarter fiscal funding will increase beginning in July 2009.
For further information about this release, contact Rich Kaiser,
Investor Relations, YES INTERNATIONAL, 1-800-631-8127;
www.theaffordablehomesgroup.com.
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: Certain information contained in this release
contains forward-looking statements that involve risk and
uncertainties, including but not limited to, those relating to
development and expansion activities, domestic and global
conditions, and market competition.
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CONTACT: THE AFFORDABLE HOMES GROUP Rich Kaiser Yes
International 800-631-8127
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