Community Redevelopment and the Horton Group Announce Joint Venture for Real Estate Development

Plans call for 10 mixed-use, mixed-income, live, work, play communities to be developed over the next 36-months

MIAMI, April 08, 2021 (GLOBE NEWSWIRE) -- Crosswind Renewable Energy Corp. dba Community Redevelopment (OTC Pink: CWNR) ("the Company"), a community oriented real estate redeveloper targeting economic growth and opportunity zones in secondary and tertiary markets, announced today that it has entered into a Joint Venture with the Horton Group for development and construction for various multi-family projects and single homes as part of its strategic master redevelopment plans.

Community Redevelopment plans to partner with developers and local governments to design and develop mixed-use, master-planned communities that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks, open space, along with housing and amenities for military veterans. Under the terms of the agreement Community Redevelopment will acquire the property, zoning permits, and other items necessary for development and construction, while the Horton Group will provide the materials, plans and construction costs for these projects. The Horton Group is a nationally known and respected home builder with a breakthrough building system for residential and commercial construction. Utilizing its patented laminated panels, the walls are energy efficient and have been tested and confirmed to resist category 5 hurricanes and earthquakes over 6.5 on the Richter scale. The panels are Miami-Dade approved with International Building Code in final testing. The 8 foot wide panels slide easily into a track using military veterans that we train and HUD Section 3 workers to finish the shell quickly and easily. There is no wood, which saves over 40 trees per house. Terry Horton, one of the cofounders of D.R. Horton, an NYSE listed company, was active in the public company for many years. The urge to develop a building system that could revolutionize the way we build a building and the materials that we use, led to the founding of the Horton Group. It is anticipated that both parties shall jointly own these projects on a 50/50 basis, after full costs associated with the project are deducted.