MHProNews has learned that the HUD Multi-Family Staff pre-approves loan for refinancing and rehabilitation, in this case, of the first manufactured home land lease community. The new loan will provide $4.2m in funding from a private lender for a resident owned cooperative located on popular Bainbridge Island in Puget Sound. MHProNews.com featured writer Eddie Hicks was instrumental in the process of obtaining the FHA207m. The under-used program offers 40 year, non-recourse loan program that can be used for a new acquisition and development or communities needing updates and repairs.
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