Stay Informed!

By Sean Luechtefeld on 08/11/2010 @ 11:11 AM

Tags: Innovation, Innovators, Housing and Homeownership

Stacy Epperson - June innovation@cfed newsletter

Innovator-in-Residence Stacey Epperson provides today’s innovation update, which describes the progress Stacey has made in bringing low- and moderate-income families closer to homeownership. Between her new organization, the strategic alliance established with the largest manufacturer of homes in the country and the passage of HB5019, Stacey’s innovation is making strides left and right. Be sure to check out Stacey’s session at the Assets Learning Conference, called Getting Affordable Homeownership Right: Strategies to Support Sustainability.

On October 29, 2009 at the Innovation Summit, Frontier was thrilled to announce a strategic alliance with Clayton Homes, the leading home manufacturer and largest homebuilder in the nation. With this signed agreement, elements are in place to create the first national network of nonprofit manufactured homebuilders, the Frontier Network™. This unprecedented public-private partnership creates a new market dynamic that makes it easier for more low-income families to achieve homeownership.

Frontier National, a new, national nonprofit organization in the process of being spun off from Frontier Housing, has moved forward to define a product strategy that includes:

• Factory built (modular and manufactured) Energy Star single-family homes marketed to low- and moderate-income homebuyers
• Replacement of old energy-inefficient mobile homes with new Energy Star homes
• Factory built multifamily housing marketed to nonprofit developers

Frontier National’s product strategy is complemented by a comprehensive policy approach that presents replacement of mobile homes with Energy Star manufactured homes as an affordable housing and energy conservation strategy. Together with a broad coalition comprised of housing development nonprofits, energy advocates and the manufactured housing industry, CFED and Frontier support the approved House Bill 5019, or HomeStar Bill, which includes a new program which would offer $7,500 rebates to facilitate the purchase of a new Energy Star qualified home. It also adds a decommissioning grant of up to $2,500 for the cost of home removal. A companion bill was introduced into the Senate by Senator Jon Tester (D, MT), SB 1350. If the Senate approves this measure, Frontier’s new venture is faced with rapidly building systems to effectively meet demand generated by this program. The new program can support 60,000 replacements over two years. Stacey, formerly President of Frontier Housing and now President of Frontier National, and an I'M HOME network member, testified on March 11, 2010 before the U.S. Senate Energy & Natural Resources Committee on the proposal to replace old mobile homes with energy efficient new manufactured homes as part of the Jobs bill. Click here to read her written testimony.

Thanks, Stacey, both for providing us with this exciting update, and for the work you do in the manufactured housing arena!

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