Feb. 28, 2007

FOR IMMEDIATE RELEASE

Contact: Susan Jones

(805) 466-5100

Midland Pacific Teams with State to Make Home Purchase Possible for New Buyers

SAN MIGUEL ─ Prominent local homebuilder Midland Pacific Homes is working with a state financing agency to assist first-time buyers purchase a new home. Midland Pacific has obtained funding from the California Housing Financing Agency in an effort to expand the opportunity for home ownership to more people in the local community. Midland Pacific is currently the only San Luis Obispo County homebuilder offering this special loan. Under the financing program, buyers can purchase a new home in the family-friendly Mission Meadows neighborhood for just $500 down and first-year monthly payments of $1,330. Midland Pacific acts as a partner with buyers, contributing toward loan costs to help reduce house payments. Some conditions apply, and further information is available from a Midland Pacific sales agent. During Midland Pacific Homes’ 30-year tenure on the Central Coast, the company has distinguished itself in the arena of affordable housing. Midland Pacific has built more affordable housing in SLO County than any other local builder, is a generous contributor to Habitat for Humanity and leads the way with innovative loan programs like the one currently being offered. “We live and work here, and we want to help as many people as possible achieve the dream of home ownership,” said Midland Pacific Homes owner Dennis Moresco. “We believe that contributes to community stability and overall quality of life.” New home prices for three- and four-bedroom models in Mission Meadows start at $369,900. Payments are principal and interest only. Go to www.midlandpacific.com for details. Mission Meadows is located minutes from Paso Robles in San Miguel. The sales office is open daily 11 a.m. to 5 p.m.; closed Wednesday. Call (805) 467-2793 for more information.