Producer of High Tech Manufactured Homes Obtains Loan to Buy Facility

vermod_mfg_home__sevendaysvt__Matthew_Thorsen__creditThe Vermont Economic Development Authority (VEDA) has approved $14.4 million in loan and bond financing for a variety of projects throughout Vermont, according to what MHProNews has been informed by vermontbiz.

Funding of $300,000 was approved to assist Vermod High Performance Manufactured Housing, LLC, a producer of energy-efficient modular homes in Wilder, to acquire the land and industrial building the company has been leasing. It is part of a long-range $847,500 project.

Employing the latest in green technology and quality construction, Vermod homes are produced with high levels of insulation, energy-efficient water heaters, triple-pane windows, LED lighting and roof-mounted solar panels, which result in low, or no, energy costs.

With additional financing from Mascoma Savings Bank, employment is expected to double from the current 13 employees to 26 within three years. ##

(Photo credit: sevendaysvt/Matthew Thorsen–Vermod manufactured home)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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