ZeMod cuts ribbon on affordable homes

On April 7, Milford Housing Development Corporation, in collaboration with the Delaware Sustainable Energy Utility, announced the creation of ZeMod Delaware - a new, zero-energy modular home program with an emphasis on affordability. The ZeMod Delaware program is designed to replace manufactured homes (also referred to as mobile homes) with modular homes that fit a traditional manufactured home footprint. ZeMod homes will improve the durability, sustainability, and affordability of housing in Delaware.

This innovative program will leverage existing Delaware affordable housing activities as well as private and public mortgage capital. ZeMod homes are expected to be extremely energy-efficient with anticipated average energy costs of only $100 a year. The program offers homeowners energy-efficient incentive grants to buy down incremental cost of energy-efficiency features. All homeowners are eligible for this assistance, regardless of income.

In addition, down payment assistance grants are being offered, based on income. ZeMod Delaware program is administered by MHDC and funded by the DE SEU. With durable construction provided by Beracah Homes and solar electricity, ZeMod Delaware homes delivers quality that lasts and savings that grow over time. DE SEU is providing down payment assistance grants, based on income. This assistance will only be made available for income qualified buyers up to 120 percent HUD average median income. Individuals can receive up to $25,000 in down payment assistance depending on their income. ZeMod homes are expected to cost around $140,000 per unit. This price includes everything, excluding land costs and site development.