Because they own their homes but not the land under their homes, owners of manufactured homes are vulnerable to closure of the community—the landowner can decide to put the land to some other use, and can force all the homeowners and their homes off the land. Closure of manufactured home communities is always a threat,…
These comments will focus on the Plans’ activities and objectives, which aim to improve the manufactured housing marketplace. However, the three markets addressed in the Plans overlap considerably, and manufactured housing cannot be addressed in a vacuum. We strongly encourage the Enterprises and the FHFA to encourage innovations that can impact multiple markets. For example,…
The manufactured housing finance market has traditionally been, and remains, underserved. The lack of affordable and safe financing options has not only made it more difficult and expensive for those purchasing a manufactured home, but also reduced the value of existing homes. This is of particular concern as manufactured housing is the largest source of…
Read More about Comments to the FHFA on the Duty to Serve Underserved Markets for Enterprises
The National Consumer Law Center (NCLC) and Manufactured Home Owners Association of America (MHOAA) submit these comments in response to the Federal Housing Finance Agency’s (FHFA) proposed rule regarding the Government Sponsored Enterprises’ (“Enterprises”) duty to serve the manufactured housing market. We commend the FHFA for recognizing the importance of the manufactured housing market. The…
The Environmental & Transportation Committee of the MD General Assembly re: H.B. 71, the Manufactured Housing Modernization Act.
Read More about Testimony Regarding MD H.B. 71, the Manufactured Housing Modernization Act
Assets are the foundation for promoting long-term economic opportunity for Americans. They provide security during unexpected financial troubles, such as medical expenses, car repairs, or job loss. Assets also foster and encourage long-term plans and dreams, such as going to college and starting a business. For the past few generations, homeownership has been the bedrock…
Resident ownership of manufactured home communities is a proven strategy with profound benefits.
Read More about Policy Guide: First Steps Toward a Resident Purchase Opportunity
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