If you or anyone you know is looking for a new home, the Green New Deal Housing Evergreen Pilot House may just be the one! Our net-zero energy pilot house is close to completion and we are now taking applications for home ownership!
GNDH will sell this amazing new home to qualified applicant(s) who's household income cannot exceed 115% Area Median Income. Our sale price is set at $360,000 and we will not be selling the home to the highest bidder...that is the price. We understand that this price may seem to be out of the reach for many; but owning this net-zero energy home is more affordable than you may think. For example: If you are a household of 4 with an income of $98,000; with a 10% downpayment, the monthly payment would be about $2450.00*. That is comparable to what many renters are faced with paying in this market. Instead, the residents would OWN the home.
Best yet, since this is a net-zero energy, all electric home, the only energy costs are the electric bill - and the expected annual energy costs of about $1200.00-$1600.00 will be offset by the production of electricity from the solar panels, resulting in net annual energy bills of zero. There is no monthly gas bill - the home doesn't use any fossil fuels.
Given this example, we are looking for middle-income buyers who, even though they have good paying jobs, have been left out of homeownership. We are poised to help with downpayment assistance and have taken out the vulnerability of losing the house to a higher cash bidder. So, if you know of anyone who is frustrated with looking for a home...this might just be their opportunity to own a brand new amazing, passive solar, net-zero energy home that will last for generations.
Our "Sell Sheet" with the details of the house and the process is linked below, but in general, we have 3 basic requirements: 1) The applicants' household income cannot exceed 115% AMI (Area Median Income), 2) applicants agree to live in the house (not turn around and sell it or rent it), and 3) they can qualify for a mortgage.
We have partnered with banks who realize the many hurdles to home ownership and are willing to work with our applicants to make owning this home a reality. Applications now being accepted!
Download the document below for more details.