Impact Housing Builds Homes for Displaced Victims of Hurricane Irma, Hurricane Michael

2022-06-25 02:01:37 By : Ms. eva Jin

Homes Built with Modular Construction Methods in Less than Half the Time of Traditional Construction

BAXLEY, Ga., June 16, 2022--(BUSINESS WIRE)--Impact Housing has completed 29 homes this year slated for delivery to victims of Hurricane Irma and Hurricane Michael through the Rebuild Florida Housing Repair and Replacement Program (HRRP). These are permanent homes built with modular construction methods to replace homes lost during these devastating hurricanes.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220615006099/en/

Impact Housing modular home (Photo: Business Wire)

Georgia-based Impact Housing was engaged by Florida builders and contractors participating in HRRP to produce more than 40 quality-built homes. Impact Housing homes are built indoors in less than half the time of traditional outdoor construction and are transported to the homeowner’s address.

Impact Housing builds homes with the same materials as traditional site-built homes, complying with all local building codes. Modules are inspected in the factory by state authorities to confirm compliance with local construction codes, significantly streamlining the construction process.

One of the most valuable benefits Impact Housing offers is the ability to meet the strict building code requirements of Florida’s coastal areas out of a single construction facility. As homes are built for the different areas of Florida, materials are specified to meet local code requirements. In areas subject to storms with wind speeds exceeding 150 mph, windows are installed to meet code-mandated missile testing requirements.

According to Matt Calamari, managing director for Impact Housing, "One of the biggest benefits of modular construction is that we can design homes to any wind speed required. Most of our units are designed to withstand up to 150 mph wind speed. That covers every area of Florida other than south Florida. But we can plan and build for wind speeds to 180 mph to meet south Florida’s needs as well. Our plan sets are pre-approved by the state of Florida and can be customized for home replacement throughout the entire state with ease."

Calamari adds, "It’s a huge benefit when building to meet these requirements. Otherwise, Rebuild Florida would have to go to each local contractor and say ‘will you build this house’ and go thru permitting one-off. Modular construction can address permitting across the board. It’s effective, scalable and expedites the process."

Homes are shipped substantially complete, including all appliances, flooring, plumbing and exterior siding. The homes will be delivered to areas that are still recovering from hurricane damage, including the Marco Island area, the Florida panhandle, and the Florida Keys. When delivered, local contractors secure the homes on foundations and connect utilities. Once sited, modular homes are indistinguishable from site-built homes constructed with traditional "sticks and bricks" methods.

While it has taken Rebuild Florida years to qualify families, secure funding, identify builders and contractors, and begin construction, modular housing has proven to be one of the fastest solutions available for replacing the homes lost to hurricanes. Modular housing employs an assembly line construction process in a climate-controlled factory environment. All homes are built as modular units at specialized stations, progressing station-by-station toward completion. The average modular home is produced in fewer than 10 days and ready to ship to displaced homeowners.

HRRP is a housing rehabilitation, reconstruction and replacement program that prioritizes the elderly, the disabled, and low-income families impacted by hurricane destruction. The program is a partnership between the Florida Department of Economic Opportunity (DEO) and the U.S. Department of Housing and Urban Development (HUD). Impact Housing is producing modular homes for families that qualified for the program as victims of Hurricane Irma, which made landfall in the Panama City area as a Category 3 hurricane, or Hurricane Michael, which impacted Marco Island as a Category 5 hurricane.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220615006099/en/

Steven Zirkle szirkle@impacthousing.global

Arrived Homes, the single-family real estate investment platform backed by Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos, is ramping up its acquisitions as demand from retail investors grows stronger for fractional real estate. In the past 30 days, the platform has fully funded approximately $11 million worth of rental properties, compared to $5 million for the entire first quarter of 2022. The number of investors using Arrived Homes has doubled in the last two months, making it difficult fo

The undeveloped land is in a growing industrial area of Casa Grande, a city with a population of about 60,000 people. The city is attracting the likes of Lucid Motors, Kohler Co.'s $300 million manufacturing facility and multiple semiconductor and vehicle manufacturing suppliers.

The rate on the 30-year fixed mortgage increased to 5.81% this week from 5.78% last week, according to Freddie Mac.

The cooling U.S. housing market has seen the odds of a home price decline spike. At least on a regional level.

The pandemic property boom across the developed world is coming to an abrupt halt as climbing mortgage rates bring an end to record prices.

Housing prices could drop by as much as 10% in many U.S. cities, per Fortune, referencing a new report from Moody's Analytics. However, the dip won't represent a national home price correction,...

About half of the apartments under construction in the submarket are scheduled to be completed by the end of 2022 and all of them will be done by 2024.

Shares of housing market companies enjoyed a broad rally Friday, after data showing that new home sales surprisingly rose, and sharply, in the face of other signs showing a slowdown in the housing sector. The SPDR S&P Homebuilders ETF rallied 2.9% in morning trading, with all 35 components trading higher. Among the more active home builders, shares of Lennar Corp. hiked up 2.1%, D.R. Horton Inc. rose 1.7% and PulteGroup Inc. climbed 2.1%. Also in the homebuilders ETF, Home Depot Inc.'s stock gai

There's a reason homebuyers have had such a difficult time navigating the housing market this year: Housing inventory has been down in a very big way, and that's led to a host of unfavorable conditions, from ultra-high listing prices to bidding wars. In May, there were just 1.16 million unsold existing homes on the market, according to the National Association of Realtors.

The cost of a typical home is now 7.1 times average earnings, the highest ever level, according to Halifax.

It's harder than ever to find a house for sale that you want to buy, let alone afford it.

The home was even featured in House Beautiful magazine, the listing says.

Chick Crossing Village, which is currently going through the planning process in Wells, Maine, calls for 20 new, single-family homes to be built.

Bad actors often take advantage of first-time homebuyers, who are not as familiar with the nuances of the closing process.

The combination of skyrocketing home prices and a rise in remote work that began during the COVID-19 pandemic have given the U.S. rental market a major facelift, as many American renters are packing...

Just because you see something as an improvement doesn't mean a potential buyer will feel the same way.

Internet billionaire Jim Clark sold the property he bought in February for a recorded $94.37 million

“The outside world is left behind as you travel through a park-like lawn.”

Howard Hughes President L. Jay Cross signaled over a year ago that the company planned to enter the build-to-rent market. Now, plans are officially moving forward.

Rental real estate can be an extremely powerful way to build wealth and generate passive income, but not every rental property is a good investment. In fact, there are several scenarios in which buying a rental property can set you up in a worse position down the line. To help you avoid unnecessary headaches or getting stuck with a money pit, here are three reasons rental real estate is a bad investment and tips on how to avoid these scenarios.