“It is worth noting that while the federal government has been spending billions of dollars on failed programs such as these, the one HUD program that helps put lower and moderate income consumers (i.e., manufactured home buyers) into new homes that they can actually afford — the FHA Title I manufactured housing program — is subject to unreasonable and unnecessary restrictions that effectively limit it to only one financing provider and a minimal number of loans (1,834 loans during the fiscal year 2010). It is a shame the way the public/private consumer financing issue has been mishandled in Washington, D.C. At a time when all decision-makers in the nation’s capital are doing their best to help lower- and moderate-income American homebuyers, the unavailability of HUD Code financing, a key post-production issue, is not even on their radar screen.” The full press release is available at MHMSM.com.
