New homebuyers who close on an inventory home in the award-winning master-planned Towne Lake community by Dec. 31, 2009 will reap big rewards with a credit in the amount of their 2010 municipal utility district (MUD) taxes.

Towne Lake’s year-end “Big Splash” promotion will save homebuyers a significant amount of money, said Susan Caldwell, Caldwell Cos.’ Marketing Director. The special program is sponsored by the developer in conjunction with the builders.

“We are very proud of the builders and homes we have in our unique Towne Lake community, and know those who come to view our homes will be impressed with the quality and selection,” Caldwell said. “The ‘icing on the cake’ is the limited time MUD tax credit toward the purchase of any home that closes this year.”

The 2,400-acre custom-designed Towne Lake community near the intersection of Barker-Cypress and West roads has been designed around a 300-acre recreational lake that serves as the heart of the community and will be Houston’s fourth largest lake when completed. Towne Lake’s amenities are geared toward drawing neighbors out of their homes and together to build a strong sense of community.

A team of highly-reputable builders have constructed a wide variety of home styles and sizes in Towne Lake’s family-oriented neighborhoods, including David Weekley Homes, Coventry Homes, Village Builders, and K. Hovnanian’s Four Seasons.

Trendmaker Homes and Newmark Homes recently joined the Towne Lake family. Trendmaker has several homes under construction, Newmark started work on a model home in October.

Caldwell said Towne Lake’s MUD tax rate is lower than many surrounding communities. That is another benefit in the long list of amenities the community has to offer new and existing residents.

Towne Lake was named “Best Community Under 2,500 Acres” during the Greater Houston Builders Association’s “Houston’s Best” awards program recently. The locally-owned company was also awarded Houston Best’s “Best Event/Promotion” for Towne Lake’s first annual free Mother’s Day Concert, which was held on the shores of Towne Lake in May.

When fully built out, Towne Lake will include sections of “Hill Country-inspired” single-family homes – many waterfront properties - ranging from the $180,000’s to multi-million-dollar properties. A 180-acre “Town Center” will front U.S. 290 and will feature Class A office space and retail establishments. There will also be a community retail shopping and a myriad of waterfront restaurants on Barker-Cypress, as well as a community amphitheater.

In the heart of the community will be a marina and incredible community center with a competition pool, lagoon pool and lazy river. There will be numerous parks and hiking and biking trails spread throughout Towne Lake, and “old-fashioned” fishing holes sprinkled throughout the community. Towne Lake’s children attend top-quality Cypress-Fairbanks Independent School District schools. An elementary school is under construction in the community and is scheduled to open in 2010.

Founded in 1991, Caldwell Companies is a fully-integrated real estate services and development firm providing commercial and residential development, brokerage and property management. The firm is committed to the practice of doing business with a true sense of purpose – building community. Caldwell Companies is also the developer of Wincrest Falls, Rock Creek and Spring Creek Ranch.

The Towne Lake community’s Welcome Center is located at 9214 W. Bridgeport Pass Circle.

For more information, go to www.townelaketexas.com or call 281-256-2772.