Financial Assistance

ZeMod Delaware offers both energy efficiency incentives and down-payment assistance to ensure the affordability of the homes and help mitigate the of energy efficient features of the units. Both forms of assistance will only made available for income qualified buyers up to 120% Area Median Income (AMI). The ZeMod program will help you identify solar incentives which vary by utility provider.


ZeMod Energy Efficiency Incentive

ZeMod Delaware offers homeowners Energy Efficient Incentive funding to buy down incremental cost of energy efficiency features.

  • Incentive amount: $15,000 per home
  • Incentive is paid directly to homebuyer at the time of closing by DESEU. Requests are made to DESEU by MHDC.

Eligibility

Income limit is 120% Area Median Income (AMI)

New Castle County
Median Income: $80,300

Persons in Family

1 2 3 4 5 6 7 8

Very Low (50%) Income Limits ($)

28,150 32,150 36,150 40,150 43,400 46,600 49,800 53,000

Extremely Low Income Limits ($)

16,900 19,300 21,700 24,300 28,440 32,580 36,730 40,890

Low (80%) Income Limits ($)

45,000 51,400 57,850 64,250 69,400 74,550 79,700 84,850
Kent County
Median Income: $62,900

Persons in Family

1 2 3 4 5 6 7 8

Very Low (50%) Income Limits ($)

22,050 25,200 28,350 31,450 34,000 36,500 39,000 41,550

Extremely Low Income Limits ($)

13,200 16,020 20,160 24,300 28,440 32,580 36,730 40,890

Low (80%) Income Limits ($)

35,250 40,250 45,300 50,300 54,350 58,350 62,400 66,400
Sussex County
Median Income: $61,800

Persons in Family

1 2 3 4 5 6 7 8

Very Low (50%) Income Limits ($)

21,650 24,750 27,850 30,900 33,400 35,850 38,350 40,800

Extremely Low Income Limits ($)

13,000 16,020 20,160 24,300 28,440 32,580 36,730 40,890

Low (80%) Income Limits ($)

34,650 39,600 44,550 49,450 53,450 57,400 61,350 65,300

Down-Payment Assistance

Down-payment assistance will take the form of a soft second mortgage. The loan will be at 0% and will not be due until the future sale or transfer of the property. The amount of assistance will vary per household due to unit cost and income of the buyer. Homebuyers will not be required to make monthly payments on this loan and interest will not be charged. No principle will be due while homeowners are occupying the unit. The loan will be returned to the revolving loan fund when the home is sold.

  • Up to $25,000 towards cost of ZeMod home
  • Can be used to cover down-payment
  • 0% interest
  • No monthly payments – loan is repaid upon sale, refinance, or transfer of home
  • Loan is administered by MHDC

Eligibility

  • Income limit is 120% of area median income: Click for 2016 income limits
  • Credit history and debt obligations are considered
  • Applicants must complete housing counseling from a HUD-certified housing counseling agency. Please contact MHDC to find your nearest provider.

Renewable Energy Incentives

The Green Energy Program provides grant incentives for qualifying renewable energy systems installed in Delaware. In order to participate in the Green Energy Program, your electricity provider must collect funds for the program and currently offer a grant program for renewable energy projects. For more information, click here.