Business
Dream Homes Signs LOI for New 15-lot Single Family Home Development; Milestone Reached for Completed Elevation & Renovation Projects Since Storm Sandy
Dream Homes Signs LOI for New 15-lot Single Family Home Development; Milestone Reached for Completed Elevation & Renovation Projects Since Storm Sandy.
About this update from Dream Homes & Development Corporation
[{"type":"text","content":"Company Also Releases List of Speakers for Wednesday, March 14 Rebuilding Seminar in Toms River, NJFORKED RIVER, NJ / ACCESSWIRE / March 13, 2018 / Dream Homes & Development Corporation (OTCQB: DREM), a licensed new home builder and general contractor in New Jersey, announces a new letter of intent (LOI) to acquire lots and build 15 single-family homes in Berkeley Township, NJ and is moving forward to contract. The project is slated to begin in late of 2018 and has a retail value of $6 million.The Company is also proud to announce that it has surpassed the 225-unit mark for completed renovation and elevation projects since early 2013. Dream Homes is experiencing an increase in prospects and rebuilding interest since the RREM Program in NJ announced a hard deadline for grant recipients of October 29th, 2018. If homeowners have not chosen a builder and signed a contract prior to that time, they will lose their $150,000 grant. This provision also applies to the insurance industries' ICC (Increased cost of compliance) funding. In order to utilize the $30,000 ICC provision in an insurance policy, homeowners affected by Storm Sandy in 2012 must apply and be substantially underway prior to October 2018.It is noted that Dream Homes & Development won Best of the Best in Ocean Country from the Asbury Park Press in late 2017 for two separate categories: \"Best Home Improvement Contractor\" and \"Best Modular Home Builder\". Dream Homes is a fully integrated real estate Company specializing in new construction of single-family homes and townhouses, the elevation, renovation and moving of homes, as well as development approvals, single-family homes and various residential properties located throughout central /southern New Jersey.The Company has also released the guest speakers for its Rebuilding Seminar that will be held tomorrow night, March 14th, 2018. Speakers will include architect Scott Lepley, attorney Kathleen Dotoli, and elevation specialist Jason Devooght. Dream has held these free seminars as a service to the public since 2013 and has helped hundreds of homeowners over the years with their projects. Dream focuses on people just starting the process who need design, architectural, construction, and finance advice for their renovation or new home project. The seminar will begin at 6 pm at the Tuscan Bistro in Toms River acro...