What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
A New Net Zero-Ready Development in Maryland is Just For First-Timers
A new residential project in Maryland has two focuses: first-time homebuyers and potential net-zero efficiency.
Green nonprofit Housing Initiative Partnership (HIP) is delivering a series of newly-constructed townhouses in the Landover neighborhood of Palmer Park. The nine townhouses, located from 2000-2018 Palmer Park Road (map), are certified Zero Energy Ready, meaning that they are at least 40-50% more efficient than the typical new home. If the homeowner opts to install solar panels, the home can meet net-zero standards, producing as much energy as is consumed.
story continues below
loading...story continues above
The houses are specifically for first-time homebuyers with households earning up to 80% of area median income (up to $65,650 for a single-person household or up to $93,7,050 for a four-person household). Each of the roughly 1,600 square-foot townhouses is a three-bedroom, 2.5-bathroom with an unfinished basement, fenced-in backyard, and off-street parking. Energy efficiency was achieved with Indoor Air Quality Plus, WaterSense and Energy Star products. Zavos Architecture+Design is the architect.
Prices start at $330,000, of which buyers will be required to finance $265,000; the remaining $65,000 will be on a second, 0% interest deed from HIP. Buyers will also be required to attend HIP's virtual homebuyer course and HUD pre-purchase counseling.
HIP purchased the lots from the county's housing authority in 2016; with completion of this project, HIP has built or renovated and retrofit 46 homes in Palmer Park.
See other articles related to: housing initiative partnership, landover, net-zero, palmer park, prince george's county
This article originally published at https://dc.urbanturf.com/articles/blog/a-new-net-zero-ready-development-in-maryland-is-just-for-first-timers/16943.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
- The 4 Projects In The Works Near DC's Starburst Intersection
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro