Manufactured Housing News

Award “underscores crucial role in advancing wholesale manufactured home lending” Sources: MPA-AFR News Release –  American Financial Resources (AFR) has been named the top manufactured wholesale partner by the Department of Agriculture (USDA). The wholesale lender scooped the honor during the National Homeownership Awards ceremony held recently in Washington D.C., where the USDA acknowledged the...

“There is something permanent, and something extremely profound in owning a home”    –  Kenny Guinn Many would-be homeowners have never considered that the American dream of homeownership could be realized with the purchase of a new modern manufactured home or modular home, surprisingly foregoing an opportunity to realize all the advantages and enjoyment of...

Office now reports directly to the Assistant Secretary for Housing HUD No. 23-125 HUD Public Affairs (202) 708-O685   Washington – Today (6-22-23) the U.S. The Department of Housing and Urban Development’s (HUD) Office of Housing is announcing that it has created a new Office of Manufactured Housing Programs as an independent office reporting directly...

SOURCE: White House OMB Fact Sheet – Following are brief excerpts from the President’s proposed Fiscal Year 2024 Budget as they are related to low cost home ownership, particularly manufactured housing. President Biden believes that everyone deserves to live in a safe and affordable home. Whether you rent or own, having a place to live...

The high cost and scarcity of housing has forced low and middle income families to forego or indefinitely delay the uniquely American dream of affordable quality homeownership. It doesn’t necessarily have to be that way. That need for quality, affordable housing has never been greater. Today’s manufactured home can deliver that dream of owning your...

The following contains excerpts from an OP/ED by JOANNE DEMICHELLE – Silver City, New Mexico, posted by Los Alamos Daily Post, referencing recently introduced New Mexico Senate Bill SB298, that addresses the “strategy under the radar” by providing solutions and opportunities for manufactured homeowners living in communities.            Recognizing Vulnerable Housing Situation “There is an...

ERLANGER,KY – Flagship Communities Real Estate Investment Trust (REIT) received the Kentucky Manufactured Housing Institute’s (KMHI) highest award for Community of the Year for the second consecutive year. Flagship and its Mosby Pointe community was honored at the annual conference in Louisville. Kentucky on Wednesday June 21, 2023. Mosby Pointe, located in Northern Kentucky is...

Source: Benziga – You’ve undoubtedly heard stories about how some successful entrepreneurs launched a business on a cocktail napkin at a bar. But for two guys who walked out of a successful gig at one of the world’s largest investment banking firms, that story is a reality. And now the two former banking colleagues have...

Senator Richard Blumenthal outlined his proposal for a federal mobile homeowners “Bill of Rights” during a recent visit to the Southington Municipal Building and had some strong words for businesses that buy up such properties, hike rents and fail to provide timely services. Blumenthal said the behavior on the part of some owners of such...

According to a February 22, 2023 HOUSING ALERT by Manufactured Housing Institute (MHI)), the Federal Housing Administration (FHA) announced it is reducing its annual  mortgage insurance premium (MIP) for FHA-insured Single Family Title II mortgages by 0.30 percentage points, from 0.85% to 0.55% for most new borrowers. Although the premiums differ for some borrowers based...