An affordable housing complex in Regina, Saskatchewan, Canada is set to include modular homes as part of a project to finance 1,000 new entry-level homes over five years. Builders are eligible for loans of 90 percent of construction costs of the homes, including the land, at four percent interest. With a current 1.9 percent vacancy rate in the province (it had been under one percent), community leaders are trying to keep people from leaving. As leaderpost.com informs MHProNews, the target sale price for the homes is at or below the multiple listing service (MLS) average sale price in each of the communities.
(Photo credit: Troy Fleece/leaderpost.com–modular units being assembled in Regina, SA Canada)