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Manufactured Housing

Manufactured Housing. Where is it?. States with the most manufactured housing Florida 653,721 Texas 606,424 North Carolina 494,555 California 473,193 Georgia 342,649 South Carolina 306,312 Alabama 269,000 Tennessee 235,666 Michigan 228,306 Arizona 219,350.

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Manufactured Housing

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  1. Manufactured Housing Where is it? States with the most manufactured housing Florida 653,721 Texas 606,424 North Carolina 494,555 California 473,193 Georgia 342,649 South Carolina 306,312 Alabama 269,000 Tennessee 235,666 Michigan 228,306 Arizona 219,350
  2. Manufactured Housing Where is it? States with the highest percentage of manufactured housing South Carolina 20% New Mexico 18.2% West Virginia 16.6% Mississippi 16.1% North Carolina 15.8% Alabama 15.5% Wyoming 15.3% Montana 14.4% Arkansas 14.2% Kentucky 13.3%
  3. Manufactured Housing Manufactured Housing + Titled as Personal Property + Located on Leased Land + Less than Ideal Financing= ______________________________ Limited Financial Security and Wealth Building Ability
  4. Manufactured Housing Manufactured Housing + Titled as Real Estate + ROC (CLT, etc.) or Fee Simple + Real Estate Mortgage or Good Personal Property Financing= ______________________________ Financial Security and Wealth Building Ability
  5. Manufactured Housing Challenges
  6. Manufactured Housing Challenges Financing Challenges Less than ideal financing terms Limited consumer protections No mortgage interest deduction Limited asset building capability Limited refinancing market Appraisal problems
  7. Manufactured Housing Challenges Limited Security of Tenure
  8. The I’M HOME Strategy
  9. Manufactured Housing The I’M HOME Response New & Replacement Development
  10. Manufactured Housing The I’M HOME Response New & Replacement Development
  11. Manufactured Housing The I’M HOME Response Community Preservation & Improvement
  12. Manufactured Housing The I’M HOME Response US Bank Pilot Programs Loan Data Collection Process Credit Union Loan Products Working with the GSEs Defending threatened public funding sources like 502D Building relationships with HFAs and other lenders Mortgage Financing
  13. Manufactured Housing The I’M HOME Response Federal legislation Federal regulations State and local regulations Public Policy
  14. Manufactured Housing The I’M HOME Response Mission: Ensure that homeowners receive equal treatment and benefits of homeownership – regardless of whether their home was built on-site or in a factory.
  15. Thank You! www.cfed.org http://cfed.org/programs/manufactured_housing_initiative
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