"For too long, overburdensome regulations have made it too hard, not just to build homes, but the places people work and the infrastructure our future depends upon, she said."
"And that's why four years ago, I made a commitment to challenge the status quo, to cut the red tape, and to clear the way to build, build, and build some more."
Gov. Kathy Hochul signed the Land-Home Property Act in December, designating manufactured housing as real estate. Regulators, lenders, and manufactured housing advocates face an 11-month window to finalize rules and convert homes long treated as vehicles into assets eligible for mortgage-style financing. The change aims to make manufactured homes behave and be financed like standard residential property. The measure arrives amid a severe and worsening housing affordability crisis in New York and follows federal efforts such as the Affordable HOMES Act to reduce duplicative regulations and lower per-unit costs. Implementation will determine its impact on affordable homeownership.
Read at www.housingwire.com
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