Located within the southwestern area of the approved Positano at Fallon Village, a master planned development in Dublin, CA, D.R. Horton’s Fiorano at Positano is a new residential community covering approximately 9.2 acres with 43 single-family homes. If constructed as planned, Positano at Fallon Village will have a grand total of 1,043 detached residential units. The lots in Fiorano at Positano are a minimum 5,000 square feet. All of them have usable yard space like those seen with more conventional single-family homes. Fiorano at Positano offers a variety of exterior elevations including Craftsman, Cottage, French Country, Spanish Colonial and European Eclectic, per plan that complement the beautiful surroundings of Dublin’s rolling hills.

The project features flexible single-story and two-story floor plans ranging from just under 2,000 square feet to just under 3,000 square feet. This flexibility ensures that the right-sized home is built to suit most lifestyle needs. Extended families will be attracted to several floor plans that feature “Granny Suites” suitable for grandparents and older teens in high school. Some of these “Granny Suites” will count toward Fiorano’s 12.5% affordable housing requirement, so the rental of these units will be subject to the City of Dublin’s mandated affordability restrictions.

Each home in Fiorano at Positano is designed and constructed using the latest technology in building science by the Environments for Living® to ensure optimal energy efficiency, comfort, and durability. Starting in the mid $600K up to the mid $700K range, these homes are competitively priced and eligible for Home Buyer Tax Credit Program. The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers. To qualify for the tax credit, home buyers must sign a binding sales contract on or before April 30, 2010, AND close escrow before July 1, 2010. Income limitations apply. Home buyers must claim the tax credit on their federal income tax returns. As a result of this attractive federal tax credit, twelve of the fifteen homes released in the first phase have already been sold before Fiorano’s Grand Opening on Saturday, April 3, 2010.

Fiorano at Positano was sold to D. R. Horton by Braddock & Logan. If new home sales at Fiorano continue at the current pace, D. R. Horton may be done with this project as early as the end of 2010.