Over 17 million people in the United States live in manufactured homes and more still seek affordable pathways to build assets through homeownership. At CFED we believe that manufactured housing can and has opened the door to homeownership for millions of families, a door that otherwise would have remained shut. In order to realize manufactured housing’s asset-building potential, we have implemented interventions through partnerships, practice, and advocacy that improve access to quality homes and communities, and support favorable public policies and safe and affordable home financing.
- The final Duty to Serve rule is out! On December 13, the Federal Housing Finance Agency (FHFA) released its long-anticipated final Duty to Serve rule yesterday, which specifies how Fannie Mae and Freddie Mac (the Enterprises) will meet their obligations to support three underserved markets, including manufactured housing. The rule has the potential to significantly improve housing financing options for buyers of manufactured homes who are often relegated to high-cost, short-term loans that put vulnerable homeowners at unnecessary risk. The FHFA included a number of strong provisions recommended by CFED and its partners during the public comment period, including support for a chattel loan pilot and removing the manufactured home community size standard for blanket loans. Read CFED's press release about the rule here.
- Check out the recently-released study on manufactured housing in Appalachia! This new research, conducted by VCHR as part of an initiative of CFED, Next Step and Fahe, takes a deep look at the state of manufactured housing in the region and how housing costs impact residents' financial well-being.
- Want to get up to speed on the latest policy, research, and events on manufactured housing? Check out I'M HOME's December newsletter!
- Our latest resource guide on titling reform discusses how states can encourage GSE investment in manufactured homes. You can check it out here. You can see our full Manufactured Housing Toolkit here!
- I’M HOME’s approach recognizes that the federal, state and local policy environments are critical to the ability of manufactured housing to provide asset building and other key benefits of homeownership. We've updated our policy agenda to better meet the needs of homeowners, advocates and the I’M HOME Network and reflect the current policy atmosphere.