Last month, the U.S. Department of Housing and Urban Development (HUD) announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

The Manufactured Home Community loan product “will help entities to preserve, stabilize, and revitalize these vital sources of affordable housing,” the department explained in its announcement. The program was announced by HUD acting secretary Adrianne Todman during a kickoff event details ⇒

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