Fannie Mae Registers Sharp Manufactured Housing Decline

Overall, Fannie Mae financing for multi-family rental properties dropped from $19.8 billion in 2009 to $16.9 billion in 2010, a 14 percent decrease. According to Housingwire, financing for manufactured housing communities dropped more than 50 percent, from $1.1 billion in 2009 to $540 million last year. Senior housing projects financing dropped 36 percent during that same period. Representatives from the manufactured and senior housing industry told the reporter there were fewer mergers and acquisitions in 2010, and this contributed to the drop.
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