New Calif. development planned to be the largest net-zero community in U.S.

New Calif. development planned to be the largest net-zero community in U.S.

New Calif. development planned to be the largest net-zero community in U.S.
Big name home builders like Lennar, KB Home and Toll Brothers are constructing 21,000 new homes in Valencia under developer FivePoint to become the largest net-zero carbon emission community in the nation.

To achieve this goal, the homes will have solar panels, electric vehicle charges in the garage and will use recycled wastewater for all irrigation. Community pools will be heated through geothermal exchange technology and the properties will have high-performance attics that reduce the need for air conditioning.

With homes starting at just $400,000 – less than half the median price for a home in nearby Los Angeles – the demand for the lots is expected to be high.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 2.875 percent and 15-year rates are near 2.25 percent.

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