Flood Risk Mitigation
Search documents
Iridium Development Inc Announces Elevated Homes in Florida to Mitigate Future Flood Damage
Globenewswireยท 2025-10-01 12:31
Core Insights - Iridium Development Inc focuses on building elevated homes in Florida to protect against flood damage while enhancing long-term homeowner equity [3][5][9] Company Overview - Iridium Development Inc is a Florida-based residential construction company specializing in elevated housing designed to mitigate flood risks while adding homeowner equity [9] - The company provides turnkey services covering permitting, design, and construction, with homes completed in as little as four to five months [9] Housing Solutions - Each project is a custom home tailored to the homeowner's specifications and the environmental challenges of the region [4] - Homes are delivered as turnkey products, streamlining the construction process and reducing overall costs, which are passed on to clients [4][5] Financial Value - The appraised value of each finished home is expected to exceed the cost of construction, providing homeowners with instant equity upon completion [5] - Financing options are available through the U.S. Small Business Administration (SBA), offering second mortgages at competitive interest rates to help families secure safer housing [6] Community Impact - The company aims to build resilient communities in Florida by offering affordable homes that are both practical and protective, contributing to safer neighborhoods and long-term property stability [8]