The RHS's new rule makes existing manufactured homes eligible for financing, easing regulatory requirements and encouraging energy-efficient designs, especially for nonprofit land-lease communities. Effective May 5, this rule aims to enhance rural housing supply in response to challenges in affordability, as highlighted by favorable stakeholder feedback. It builds upon ongoing efforts to bolster homeownership opportunities for low-income families by acknowledging the improvements in manufactured housing quality and the urgent need for increased supply in the market.
The recent RHS announcement allows existing manufactured homes that meet specific criteria to be eligible for financing, enhancing access to affordable housing in rural America.
This new rule, effective May 5, is designed to reduce regulatory burdens and promote energy-efficient manufactured homes, boosting housing supply in underserved areas.
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