(Disclosure: Rose Law Group represents Lennar and Taylor Morrison.)
By Keith Griffith | Realtor
Several major homebuilders are weighing plans to band together to provide up to 1 million new entry-level houses for first-time buyers, branded as “Trump Homes,” according to a new report.
Lennar and Taylor Morrison are among the builders involved in the proposal, which would be funded by private investors, according to a Bloomberg report citing sources familiar with the matter.
The homes would be intended to provide a pathway to homeownership for first-time buyers, with one version of the plan allowing for monthly rental payments over three years to be applied toward a down payment, in a version of rent-to-own, the sources said.
