Affordable and Efficient
Each year, Professional Builder Magazine and the National Association of Home Builders sponsor the Best in American Living Awards to recognize innovation in a wide variety of building and design categories. HUD helps to select those unique housing developments that demonstrate particular excellence in creating affordable homeownership through public and private collaboration.
"These housing developments are proof that lower income families can hope to find the best quality homes with cutting-edge features and at a price they can afford," said HUD Secretary Alphonso Jackson. "I'm pleased to recognize these three developments and hope they can be seen as a model for other builders across the country."
Nevada Court's "High Performance Affordable Homes" employ energy-efficient technologies and durable materials that result in a guaranteed utility consumption of approximately $50 a month and an Energy-Star rating almost twice that typically seen for a home of this size. The development could be replicated across the country.
The project targets homebuyers below 80 percent of the Area Median Income. The home is offered at $135,000, which is below the median home price of the Metropolitan Statistical Area of $178,000.
To learn more about Nevada Court, contact Jane Burda Provo of the Denton Affordable Housing Corporation, (940) 484-7048.
|Content Archived: July 22, 2011|