Financing Proposal Approved in California

From California, the Santa Monica Daily Press reports the City Council there is set to approve $9.2 million for a new manufactured home financing program. A maximum of 54 manufactured homes at the Mountain View Mobile Home Park, which can accommodate 105 homes, would be eligible for purchase under the proposal. The report indicates residents who want to replace their mobile homes with new manufactured homes could be eligible for loans of up to 50 percent of the cost of a new home from City Hall.

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