How InnovaHomes Support Low-Income Housing

InnovaHomes are a modular home construction innovation that InnovaLaB has debuted in Kent County that can bring in new construction for far less than the traditional new construction housing prices – $159,000 – $230,000. These prices can help with the “missing middle” housing shortage.  Missing middle, what is that? There is a lot of terminology that is tossed about when talking about housing; “housing affordability,” “low-income housing,” “affordable housing,” “missing middle,” “market rate housing,” the list goes on.  The following are some widely agreed upon definitions for these various labels. Housing Affordability is a calculation used in the industry.  In […]

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Introducing InnovaHomes

“This housing shortage is not only hurting families, but it is crippling the economic development of our community. We need tools that spur new housing development to increase housing stock; we need tools that bring once unproductive land and buildings back to life, we need to ensure current housing is safe and healthy for the families it homes”, said Ken Parrish, InnovaLab Board Chair. “Land Banks need a new approach to how we work. In Kent County, we are using this targeted approach to ensuring developers have the tools they need, while also assisting in the stability of the housing […]

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