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A Prepaid Energy Efficient Car with Purchase of an Energy Efficient Home
Local realtor donates his commission to buyers in the form of prepaid new car leases
posted 1/18/2012

White Plains, NY. The brand new affordable homes at Minerva Place Condominium in White Plains come with the most advanced heating and cooling system available, according to the Environmental Protection Agency.  And now, with only three units left, there is an even greater incentive to own one -- the affordable homes, restricted to first-time homebuyers with incomes under about $100,000, come with an energy efficient car. Dmitry Khorosh, President of New York Real Estate and Funding Solutions, and a realty owner who arranges low-interest mortgages, has agreed to donate a prepaid, 24-month lease for a new Honda Civic, or comparable energy efficient car, to the buyers of the three remaining homes.

“First-time homebuyers are balancing new mortgage payments with daily household expenses,” stated Dmitry Khorosh, President of New York Real Estate and Funding Solutions. “Now, they do not need to worry about car payments as they adjust to owning a home. This is my way of giving back to a community that has given me so much.”

Khorosh and his family emigrated as refugees from the Soviet Union in 1978 when he was four years old.  He was forced to drop out of high school in the ninth grade to support his family.  He went into the mortgage business at the age of 18, and currently owns his business.

The issue of affordable transportation has been a growing concern. With the price of gasoline at $4 a gallon, transportation now costs more than food in most households. Community Housing Innovations, the nonprofit housing agency that developed the one and two-bedroom condominiums with subsidies from the City of White Plains, has expressed concern over transportation costs for those living in workforce housing in Westchester County.

“Over one million people slipped into poverty due to the increased price of gasoline last year,” stated Alexander Roberts, Executive Director of Community Housing Innovations. “This makes Khorosh’s donation even more important. With record low interest rates and this car donation, the time is right to buy a first home.”

The homes are also designed to keep ongoing energy costs low. Minerva Place Condominiums features a GeoExchange system that uses the constant temperature of the earth to heat and cool the building, in addition to energy-efficient construction techniques, insulation, plumbing and lighting upgrades. These design features save homebuyers approximately 30% on energy costs, compared to a typical new development.

For more information about Minerva Place Condominiums, call (914) 683-1010 ext. 237, or visit www.chigrants.org. Site visits are available upon request. New York Real Estate and Funding Solutions is at www.TheGoodRates.com.

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