Consolidated Reliance Sets Five-Year Goal of Developing 200 High Quality Low-Income Housing Units in Stanislaus County
Turlock, CA (PRWEB) August 02, 2013 -- Consolidated Reliance Inc.’s founder and CEO, along with entire executive team, has set a goal for the organization to develop two hundred low-income housing units in Stanislaus County and surrounding areas in California, with the same high quality standard that Consolidated Reliance is known for during the next five years. The new goal solidifies Consolidated Reliance’s commitment to improving its communities while building a stronger income stream and portfolio for the Turlock-based company.
The goal of this project is rapidly becoming reality as Consolidated Reliance is currently completing a large handful of such properties and many more already scheduled.
“With these quality low-income projects,” Tracy Smith, CEO of Consolidated Reliance said, “the task becomes to steer the company in a positive and productive direction while keeping the the company out of the red and making them an overall value.”
The company expects to raise the standard of living in project areas using significantly higher standards of construction, materials and finishes on properties than these communities currently endure, while maintaining profitability on a per-project basis.
Consolidated Reliance is funding these projects using profits from current ventures as well as raising investment capital both locally and from across the country.
Consolidated Reliance, a Turlock Calif. based company (click here to learn more), was founded by Tracy Smith and was established with the sole purpose of identifying undervalued properties and businesses, acquiring them, and capitalizing on such opportunities to create an excellent rate of return for its principals, investors, and lenders and for the improvement of surrounding neighborhoods and cities.
This press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Consolidated Reliance or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe Consolidated Reliance’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Ben Steward, Consolidated Reliance, http://consolidatedreliance.com, +1 (209) 634-2900, [email protected]
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