Window Rock Capital Holdings (fka WRKC)

[supersonicusa]

WRKC: February 16, 2006 01:07 PM US Eastern Timezone
``Hip Hop Builder'' Endorsed by Greater Hilltop Area Commission; Reynolds Family Homes Moves Forward in Executing its Affordable Housing Real Estate Strategy in Columbus, Ohio
COLUMBUS, Ohio--(BUSINESS WIRE)--Feb. 16, 2006--RPM Ventures, LLC, dba Reynolds Family Homes (http://www.reynoldsfamilyhomes.com) announced today that the Greater Hilltop Area Commission (GHAC) has endorsed its plan to build affordable housing in Columbus. This is the second endorsement the group has offered for Reynolds Family Homes, also known nationally as the "Hip Hop Builder" for their unique marketing style for their affordable housing models.


"I was honored when the Zoning Committee Chair for the GHAC said, 'Tony you made a promise and you delivered,' in regards to our first build being completed on time and in a quality manner," Reynolds said of his recent meeting with the GHAC. "They understand our first priority is building quality affordable housing," he finished.

The Commission sent a recommendation letter to the City of Columbus' Office of Land Management regarding Reynolds purchase of City land. Their letter stated, "By unanimous consent, the GHAC agreed to support Mr. Reynolds' request to convert these vacant parcels of land into new homeownership opportunities for deserving, low-income families."

Reynolds has been pre-approved for $1.7 million in loans to develop the project.

On Thursday February 23rd, members of the GHAC have been invited to the grand opening of the 2402 Palmetto St. home, which was recently completed. Columbus City Councilwoman Charleta B. Tavares, Chairwoman of the Health, Housing and Human Services Committee of the Columbus City Council, along with someone from the Office of the Mayor and Charles Shirley. CEO of Window Rock Capital (OTC:WRKC) (http://www.windowrockcapital.com) will attend.

"We will be announcing a new development at this event," Reynolds said. "It will be an exciting time to announce a new Affordable Housing development."

This past June 2005 Columbus Metropolitan Housing Authority (CMHA) affordable housing wait list complied data from CMHA's S8 and Public Housing waiting list for their 5 Year Public Housing Administration plan years 2006-2009.

Housing Needed of Family in Jurisdiction by Family type:

Overall: 36,001
Ederly 8,598
Disability: 2,669
Caucasian: 3,641
Black: 11,270
Hispanic: 251
Asian/Other: 188


"There is a need for quality Affordable Housing and we will provide it," Reynolds finished