Under the USDA Energy Efficient Manufactured Home Pilot Program, if the homeowner qualifies for incentives from Efficiency Vermont and a deferred payment loan from the Champlain Housing Trust, the monthly mortgage payment could be as low as $387 per month, according to vtdigger.
In an announcement by USDA Rural Housing Service Administrator Tony Hernandez, accompanied by Senator Patrick Leahy (VT-D), noting the mortgage is the first of its kind for MHC residents, Mr. Hernandez said, “This demonstration program will prove that today’s new energy efficient manufactured and modular homes are a lower risk for lenders, a safe and affordable option for rural families, and are better for the environment.”
Designed as part of the Manufactured Housing Innovation Project (MHIP), the Net Zero Energy Capable Vermod is a collaboration of the Vermont Housing and Conservation Board, Efficiency Vermont, the University of Vermont and the High Meadows Fund. Equipped with solar panels, the home should cost the owner only about $180 a year for heat and electricity.
The cost of the Vermod, which includes site work, foundation, set up costs and all appliances is $131,000, as MHProNews understands, but through the USDA program that could be a low as $89,000. ##
(Image credit: Vermod Homes of Vermont)
